VSE price to free cash flow VSEC
Market value divided by free cash flow over the last twelve months, since 2012.
- Today, Oct 23, 2026
- n/m
- not a meaningful number
- Last meaningful
- 174×
- Feb 2026
- 10-year median
- 17.4×
- 10-year range
- 7.9× to 284×
- Peer median
- 23.7×
VSE's price to free cash flow is not a meaningful number today: free cash flow over the last twelve months was zero, negative or not reported.
It was last meaningful in Feb 2026, at 174×.
On the days it had one over the last ten years, its median was 17.4×, from 7.9× in Nov 2016 to 284× in Oct 2025.
Price to free cash flow over time
The dashed line is the 10-year median and the shaded band the middle half of its days.
Year by year
| Year | End of year | Low | High |
|---|---|---|---|
| 2026 so far | 174× | 139× | 175× |
| 2025 | 138× | 129× | 284× |
| 2024 | n/m a value too high to mean anything | ||
| 2023 | n/m a value too high to mean anything | ||
| 2022 | 69.4× | 54.0× | 71.0× |
| 2021 | 17.8× | 12.4× | 18.1× |
| 2020 | 13.8× | 9.8× | 30.9× |
| 2019 | 17.4× | 17.1× | 55.9× |
| 2018 | 31.2× | 8.8× | 32.5× |
| 2017 | 9.6× | 9.2× | 18.1× |
| 2016 | 10.7× | 4.3× | 17.4× |
| 2015 | 16.7× | 6.8× | 17.2× |
| 2014 | 6.1× | 4.8× | 7.6× |
| 2013 | 5.7× | 2.9× | 6.0× |
| 2012 | 4.2× | 3.0× | 4.9× |
Against its peers
Companies in Engineering & Construction nearest VSE's size, closest first, today.
| Company | Price to free cash flow |
|---|---|
| VSECVSE | n/m |
| MYRGMYR | 20.5× |
| PRIMPrimoris Services | 39.8× |
| AGXArgan | 8.5× |
| ROADConstruction Partners | 26.8× |
| KBRKBR | 13.9× |
| DYDycom Industries | 14.5× |
| ACMAecom | 38.3× |
| IESCIES | 37.3× |
| TTEKTetra Tech | 17.3× |
| PLPCPreformed Line Products | 46.8× |
| Peer median | 23.7× |
What the price to free cash flow tells you
Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.
Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.
More on VSE
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.