Financials V2X, Inc.

Stocks

VVX

US92242T1016

Aerospace & Defense

Market Closed - NYSE 16:00:03 2026-10-02 EDT			5-day change	1st Jan Change
70.79 ^USD	+0.11%		-6.42%	+29.77%

09-22	V2X Inc Awarded $231.8 Million Modification for Iraq F-16 Base Support	MT
09-15	V2X Inc. Awarded Position On $46 Million U.S. Air Force Contract Supporting B-52 Long Range Standoff Cruise Missile Program	CI

Projected Income Statement: V2X, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	1,784	2,891	3,963	4,322	4,480	4,978	5,235	5,555
Change	-	62.07%	37.09%	9.06%	3.65%	11.11%	5.17%	6.11%
EBITDA ¹	83.09	201	293.9	310.2	323.3	358.5	385.9	416.9
Change	-	141.92%	46.19%	5.57%	4.22%	10.89%	7.65%	8.03%
EBIT ¹	62.02	55.77	124.4	159.2	194.3	216.4	298.6	340.4
Change	-	-10.08%	123.08%	27.96%	22.03%	11.37%	38.02%	13.98%
Interest Paid ¹	-7.985	-61.88	-122.4	-107.9	-79.91	-67.74	-65.55	-63
Earnings before Tax (EBT) ¹	54.04	-6.108	-24.52	38.84	100.9	133.7	226.3	257.8
Change	-	-111.3%	-301.41%	258.42%	159.78%	32.47%	69.33%	13.89%
Net income ¹	45.73	-14.33	-22.57	34.68	77.88	103.5	177.4	205.4
Change	-	-131.34%	-57.52%	253.65%	124.55%	32.87%	71.4%	15.79%
Announcement Date	3/7/22	3/2/23	3/5/24	2/24/25	2/23/26	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4	2028 Q1	2028 Q2
Net sales ¹	459.4	419.4	456.5	-	958.2	978.2	943.5	977.9	1,002	1,040	1,011	1,072	1,082	1,158	1,016	1,078	1,167	1,219	1,254	1,257	1,218	1,248	1,309	1,318	1,320	1,348	1,422	1,422
Change	-	-8.71%	8.84%	-	-	2.09%	-3.55%	3.65%	2.42%	3.87%	-2.86%	6.1%	0.88%	7.04%	-12.25%	6.14%	8.24%	4.41%	2.91%	0.2%	-3.11%	2.49%	4.86%	0.74%	0.14%	2.09%	5.52%	0.02%
EBITDA ¹	20.5	15.3	18.2	-	79.01	79.28	68.01	76.43	64.68	82.07	69.09	72.27	82.69	86.16	66.96	82.44	85.16	88.74	85.57	89.8	89.27	94.55	92.92	95.96	100	103	105.3	106.7
Change	-	-25.36%	18.9%	-	-	0.34%	-14.22%	12.38%	-15.38%	26.89%	-15.81%	4.6%	14.42%	4.19%	-22.28%	23.11%	3.3%	4.2%	-3.57%	4.94%	-0.59%	5.92%	-1.73%	3.27%	4.26%	2.99%	2.15%	1.34%
EBIT ¹	12.89	10.02	16.61	-	73.59	31.03	30.58	34.27	21.04	38.53	62.85	27.43	49.89	51.56	34.3	52.94	55.67	51.36	44.09	53.81	56.24	61.09	68.16	71.45	78.15	80.41	93.93	96.58
Change	-	-22.29%	65.78%	-	-	-57.84%	-1.44%	12.07%	-38.61%	83.13%	63.13%	-56.36%	81.9%	3.35%	-33.48%	54.35%	5.15%	-7.74%	-14.16%	22.05%	4.52%	8.62%	11.57%	4.83%	9.37%	2.89%	16.82%	2.82%
Charge d'intérêts ¹	-1.955	-1.845	-1.681	-	-27.26	-30.97	-31.74	-31.95	-30.25	-28.5	-27.57	-28.81	-27.15	-24.37	-19.72	-20.6	-19.96	-19.63	-18.12	-16.7	-16.77	-16.77	-16.73	-16.67	-16.98	-16.97	-15.75	-15.66
Earnings before Tax (EBT) ¹	10.94	8.172	3.556	-	-22.78	0.056	-23.22	2.009	-11.24	7.927	1.124	-8.114	19.54	26.29	10.07	29.45	32.75	28.64	23.52	33.23	34.1	39.2	54.91	57.27	61.61	64.47	73.79	76.52
Change	-	-25.27%	-56.49%	-	-	100.25%	-41,558.93%	108.65%	-659.33%	170.54%	-85.82%	-821.89%	340.78%	34.59%	-61.7%	192.45%	11.19%	-12.55%	-17.87%	41.29%	2.62%	14.96%	40.07%	4.31%	7.57%	4.64%	14.45%	3.69%
Net income ¹	10.26	7.487	2.855	10.47	-17.04	-10.62	-17.48	1.799	-6.4	-0.492	1.144	-6.544	15.05	25.03	8.107	22.39	24.6	22.78	18.92	25.54	26.88	31.02	41.28	42.23	43.47	46.32	52.62	53.09
Change	-	-27.01%	-61.87%	266.8%	-262.71%	37.68%	-64.61%	110.29%	-455.75%	92.31%	332.52%	-672.03%	330%	66.32%	-67.61%	176.19%	9.89%	-7.42%	-16.92%	34.95%	5.26%	15.38%	33.07%	2.3%	2.95%	6.56%	13.61%	0.89%
Announcement Date	11/9/21	3/7/22	5/10/22	9/2/22	11/8/22	3/2/23	5/9/23	8/8/23	11/6/23	3/5/24	5/7/24	8/6/24	11/4/24	2/24/25	5/5/25	8/4/25	11/3/25	2/23/26	5/4/26	8/3/26	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: V2X, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	-	-	-	874	732	737	585	532
Change	-	-	-	-	-16.25%	0.66%	-20.62%	-9.06%
Announcement Date	3/7/22	3/2/23	3/5/24	2/24/25	2/23/26	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: V2X, Inc.

Fiscal Period: December	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	12.42	25.02	11.79	11.92	20.31	27.21	29.78
Change	-	101.38%	-52.89%	1.15%	70.37%	33.95%	9.43%
Free Cash Flow (FCF) ¹	81.07	162.9	242.4	170.1	47.05	208.9	260.1
Change	-	101%	48.79%	-29.85%	-72.33%	344.02%	24.52%
Announcement Date	3/2/23	3/5/24	2/24/25	2/23/26	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: V2X, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	4.66%	6.95%	7.41%	7.18%	7.22%	7.2%	7.37%	7.5%
EBIT Margin (%)	3.48%	1.93%	3.14%	3.68%	4.34%	4.35%	5.7%	6.13%
EBT Margin (%)	3.03%	-0.21%	-0.62%	0.9%	2.25%	2.69%	4.32%	4.64%
Net margin (%)	2.56%	-0.5%	-0.57%	0.8%	1.74%	2.08%	3.39%	3.7%
FCF margin (%)	-	2.8%	4.11%	5.61%	3.8%	0.95%	3.99%	4.68%
FCF / Net Income (%)	-	-565.74%	-721.87%	699.03%	218.37%	45.47%	117.78%	126.66%
Profitability
ROA	-	-	-	4.4%	5.12%	5%	5.5%	5.6%
ROE	-	-2.13%	-	3.44%	15.8%	14.95%	14.3%	14.3%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	2.82x	2.26x	2.06x	1.52x	1.28x
Debt / Free cash flow	-	-	-	3.6x	4.31x	15.67x	2.8x	2.04x
Capital Intensity
CAPEX / Current Assets (%)	-	0.43%	0.63%	0.27%	0.27%	0.41%	0.52%	0.54%
CAPEX / EBITDA (%)	-	6.18%	8.51%	3.8%	3.69%	5.67%	7.05%	7.14%
CAPEX / FCF (%)	-	15.33%	15.36%	4.86%	7.01%	43.17%	13.02%	11.45%
Items per share
Cash flow per share ¹	-	4.453	-	7.953	5.719	5.506	7.444	-
Change	-	-	-	-	-28.09%	-3.73%	35.2%	-
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	-	-	-	-	34.8	38.46	43.42	45.34
Change	-	-	-	-	-	10.53%	12.9%	4.42%
EPS ¹	3.86	-0.68	-0.73	1.08	2.45	3.252	5.487	6.485
Change	-	-117.62%	-7.35%	247.95%	126.85%	32.72%	68.75%	18.19%
Nbr of stocks (in thousands)	11,728	30,466	31,191	31,560	31,535	31,345	31,345	31,345
Announcement Date	3/7/22	3/2/23	3/5/24	2/24/25	2/23/26	-	-	-