Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.19B | $1.11B | $1.28B | $1.38B | $1.40B | $1.78B | $2.89B | $3.96B | $4.32B | $4.48B |
| Revenue growth | — | -6.4% | 14.7% | 8.1% | 0.9% | 27.8% | 62.1% | 37.1% | 9.1% | 3.7% |
| Operating income | $42.8M | $41.2M | $48.1M | $49.6M | $43.5M | $62.0M | $55.8M | $124M | $159M | $194M |
| Operating margin | 3.6% | 3.7% | 3.8% | 3.6% | 3.1% | 3.5% | 1.9% | 3.1% | 3.7% | 4.3% |
| Net income | $23.7M | $59.5M | $35.1M | $33.2M | $37.0M | $45.7M | -$14.3M | -$22.6M | $34.7M | $77.9M |
| Net margin | 2.0% | 5.3% | 2.7% | 2.4% | 2.6% | 2.6% | -0.5% | -0.6% | 0.8% | 1.7% |
| EPS (diluted) | $2.16 | $5.31 | $3.08 | $2.86 | $3.14 | $3.86 | -$0.68 | -$0.73 | $1.08 | $2.45 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $36.6M | $35.4M | $40.1M | $27.6M | $64.1M | $61.3M | $93.5M | $188M | $254M | $182M |
| Capital expenditures | $741K | $2.34M | $10.0M | $16.2M | $4.50M | $9.78M | $12.4M | $25.0M | $11.8M | $11.9M |
| Free cash flow | $35.9M | $33.1M | $30.0M | $11.4M | $59.6M | $51.6M | $81.1M | $163M | $242M | $170M |
| Share buybacks | — | — | — | — | — | — | — | $0.00 | $0.00 | $30.0M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $47.7M | $77.5M | $66.1M | $35.3M | $68.7M | $38.5M | $116M | $72.7M | $268M | $369M |
| Total assets | $465M | $496M | $572M | $636M | $844M | $889M | $3.23B | $3.08B | $3.23B | $3.28B |
| Total liabilities | $348M | $312M | $351M | $378M | $539M | $539M | $2.24B | $2.09B | $2.20B | $2.20B |
| Long-term debt | $67.8M | $73.2M | $69.1M | $63.0M | $169M | $94.2M | $1.26B | $1.10B | $1.09B | $1.08B |
| Shareholders' equity | $117M | $183M | $220M | $259M | $305M | $350M | $997M | $991M | $1.03B | $1.08B |
| Retained earnings | $58.0M | $117M | $153M | $185M | $222M | $268M | $253M | $231M | $266M | $343M |
| Shares (wtd avg diluted) | 11.0M | 11.2M | 11.4M | 11.6M | 11.8M | 11.8M | 21.0M | 31.1M | 32.0M | 31.8M |
Every figure is extracted from V2X, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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