VVX
V2X, Inc.
VVX's fundamentals are mixed, but it looks expensive: trading at 26x earnings, above its usual 19x. Analysts expect strong earnings growth.
VVX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Stable | |
| Stable |
VVX's revenue and profitability are currently healthy, and its cash flow and balance sheet are stable.
VVX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $34.48 | -57% |
| Forward | 12x | $80.94 | — |
| Fair | 19x | $59.54 | -26% |
| Current | 26x | $80.94 | — |
| Expensive | 35x | $110 | +36% |
Historical ranges are pointers, not guarantees.
VVX's PE is in its fair range at 26x. If earnings grow as analysts expect, today's price would be 12x next year's earnings, in its cheap range.
VVX Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for VVX, with profitability holding steady.
VVX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.73 | +114% |
| Q3 2026 | $3.15 | +26% |
| Q2 2026 | $2.91 | +32% |
| Q1 2026 | $2.80 | +117% |
| Q4 2025 | $2.45 | +127% |
| Q3 2025 | $2.50 | +762% |
| Q2 2025 | $2.20 | +$2.59 |
| Q1 2025 | $1.29 | +$1.41 |
| Q4 2024 | $1.08 | +$1.81 |
VVX's earnings per share have fallen from their peak: $3.15 over the past year, against $4.67 in mid-2021.
VVX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.3B | +8.9% |
| Q2 2026 | $1.3B | +17% |
| Q1 2026 | $1.3B | +23% |
| Q4 2025 | $1.2B | +5.3% |
| Q3 2025 | $1.2B | +7.9% |
| Q2 2025 | $1.1B | +0.6% |
| Q1 2025 | $1B | +0.5% |
| Q4 2024 | $1.2B | +11% |
VVX's revenue has grown year over year for 23 quarters in a row: $1.3B last quarter, up 8.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4.7% | -0.1 points |
| Q2 2026 | 4.3% | -0.6 points |
| Q1 2026 | 3.5% | +0.1 points |
| Q4 2025 | 4.2% | -0.2 points |
| Q3 2025 | 4.8% | +0.2 points |
| Q2 2025 | 4.9% | +2.4 points |
| Q1 2025 | 3.4% | +0.4 points |
| Q4 2024 | 4.5% | +0.8 points |
VVX's operating margin was 4.7% last quarter, about level with the same quarter a year ago.
VVX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $64M | +83% |
| Q2 2026 | $20.5M | -21% |
| Q1 2026 | -$132.2M | -$34M |
| Q4 2025 | $207.2M | -6.7% |
| Q3 2025 | $35M | -42% |
| Q2 2025 | $26.1M | +4.5% |
| Q1 2025 | -$98.2M | -$33.2M |
| Q4 2024 | $222M | +401% |
VVX still generates free cash flow, though less than at its 2024 peak: $159M over the past year.
VVX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +64K shares |
| 1 year | -0.8% | -268K shares |
| 3 years | +1.3% | +409K shares |
| 5 years | +167% | +19.8M shares |
| Available history | +169% | +19.9M shares |
VVX has 32M diluted shares, down 0.8% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | $20M |
VVX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.5x | Moderate |
| Q2 2026 | 2.7x | Moderate |
| Q1 2026 | 2.8x | Moderate |
| Q4 2025 | 2.4x | Moderate |
| Q3 2025 | 3.1x | Elevated |
| Q2 2025 | 3.1x | Elevated |
| Q1 2025 | 3.5x | Elevated |
| Q4 2024 | 3.1x | Elevated |
VVX's net debt is about 2.5 years of its operating earnings (EBITDA), down from 3.1 years a year ago.
VVX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 56.0 | Neutral |
| Stochastic | 52.3 | Neutral |
VVX's weekly RSI is 56 (neutral) and its Stochastic is 52 (neutral).
VVX PE vs Industrials Sector
| Metric | VVX | Sector median | Relative |
|---|---|---|---|
| PE | 26x | 24x | 6.9% above |
| PE % | 65 | 58 | 7 pts above |
VVX is trading at 26x earnings, in line with the Industrials sector's median of 24x.
VVX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $75.0 | 8% above |
| 20 week MA | $77.3 | 4.8% above |
| 50 week MA | $72.0 | 12% above |
| 100 week MA | $61.4 | 32% above |
| 200 week MA | $54.7 | 48% above |
VVX is in an uptrend: it's above all five of its weekly moving averages, and 48% above its 200-week average.
VVX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $51.0 | $47.5 | -6.8% |
| 2021 | $47.5 | $45.8 | -3.6% |
| 2022 | $45.8 | $39.6 | -14% |
| 2023 | $39.6 | $46.4 | +17% |
| 2024 | $46.4 | $47.0 | +1.2% |
| 2025 | $47.0 | $55.8 | +19% |
| 2026 YTD | $55.8 | $80.9 | +45% |
VVX is up 45% so far in 2026, after finishing lower in three of the previous six years.