V2X, Inc. (VVX) intrinsic value & 10-year financials

V2X, Inc. (VVX) has a Graham intrinsic value of $23.93 per share. At $76.82 on Oct 27, 2026, the stock trades 221% above that value. Over the last 10 fiscal years revenue grew 15.9% a year to $4.5B, with an average return on invested capital of 12.4%.

Graham intrinsic value
$23.93
Share price (Oct 27, 2026)
$76.82
Price vs Graham value
221% above
Market cap
$2.4B
Revenue (FY2025)
$4.5B
Revenue growth (10-yr CAGR)
15.9%
ROIC (10-yr avg)
12.4%
Free cash flow (FY2025)
$170.1M

VVX 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $4.5B $77.9M $2.45 $170.1M 4.3% 8.0%
FY2024 $4.3B $34.7M $1.08 $242.4M 3.7% 7.2%
FY2023 $4.0B -$22.6M -$0.73 $162.9M 3.1% 5.4%
FY2022 $2.9B -$14.3M -$0.68 $81.1M 1.9% 4.2%
FY2021 $1.8B $45.7M $3.86 $51.6M 3.5% 11.9%
FY2020 $1.4B $37.0M $3.14 $59.6M 3.1% 11.3%
FY2019 $1.4B $34.7M $2.99 $11.4M 3.7% 14.9%
FY2018 $1.3B $35.3M $3.10 $30.0M 3.8% 19.1%
FY2017 $1.1B $59.5M $5.31 $33.1M 3.7% 24.5%
FY2016 $1.2B $23.7M $2.16 $35.9M 3.6% 17.8%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

V2X, Inc. is a consistent compounder, expanding top-line revenue at 15.9% annually over the past decade.

V2X, Inc. returns on capital have been average, hovering around 12.4% ROIC over the decade.

Over the decade, V2X, Inc. shows that the company has leveraged its balance sheet to sustain operations.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, V2X, Inc. is modeled at 1.4% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $23.93 per share.

VVX stock: frequently asked questions

What is the intrinsic value of V2X, Inc. (VVX) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 1.4% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, VVX's intrinsic value is about $23.93 per share.

Is VVX stock undervalued?

At $76.82 (close on Oct 27, 2026), VVX trades 221% above its Graham value of $23.93. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

How fast has V2X, Inc. grown?

Revenue went from $1.2B in fiscal 2016 to $4.5B in fiscal 2025, a compound annual growth rate of 15.9%. Net income was $77.9M in fiscal 2025.

Does V2X, Inc. generate free cash flow?

V2X, Inc. generated $170.1M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 10 of the last 10 reported years.

What is VVX's return on invested capital?

Average ROIC over the last 10 fiscal years was 12.4%, and average return on equity was 12.5%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this VVX data come from?

From V2X, Inc.'s annual 10-K filings on SEC EDGAR. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.