VirTra, Inc. (VTSI) intrinsic value & 10-year financials
VirTra, Inc. (VTSI) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 4.1% a year to $22.4M, with an average return on invested capital of 13.8%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $2.75
- Market cap
- $31.0M
- Revenue (FY2025)
- $22.4M
- Revenue growth (10-yr CAGR)
- 4.1%
- ROIC (10-yr avg)
- 13.8%
- Free cash flow (FY2025)
- $3.1M
VTSI 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $22.4M | $258.4K | $0.02 | $3.1M | 2.0% | 1.2% |
| FY2024 | $26.4M | $1.4M | $0.12 | -$588.3K | 7.6% | 4.0% |
| FY2023 | $38.0M | $8.4M | $0.77 | $5.6M | 25.3% | 35.0% |
| FY2022 | $28.3M | $2.0M | $0.18 | -$5.9M | 9.2% | 12.2% |
| FY2021 | $24.4M | $2.5M | $0.25 | -$3.6M | 6.0% | 15.0% |
| FY2020 | $19.1M | $1.5M | $0.19 | — | 6.4% | 15.7% |
| FY2019 | $18.7M | -$75.3K | -$0.01 | -$2.1M | 1.4% | 1.3% |
| FY2018 | $18.1M | $818.1K | $0.10 | $1.5M | 5.5% | 6.9% |
| FY2017 | $16.5M | $3.3M | $0.39 | $2.5M | 7.9% | 15.6% |
| FY2016 | $15.7M | $2.1M | $0.24 | $1.4M | 13.6% | 31.6% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
VirTra, Inc has demonstrated mature, steady growth, with revenue compounding at 4.1% annually over the past decade.
VirTra, Inc returns on capital have been average, hovering around 13.9% ROIC over the decade.
VirTra, Inc has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, VirTra, Inc is modeled at -24.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-0.69 per share.