VVXV2X, Inc.
Is the business good?
A genuinely good business: 9 of 9 health tests passed and margins widening.
High fundamental quality. Nine pass/fail tests of year-over-year health from the filings.
Operating profit is mostly backed by cash. Conversion is worsening vs a year ago.
Negative operating leverage, costs are rising faster than sales, squeezing margins as it grows.
A balanced mix of margins, efficiency, and leverage. ROE 8% = margin × turnover × leverage.
Unless marked, from derived.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is VVX?
V2X, Inc. earns 8.2% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
Return on invested capital · cost of capital 9.0% · 0.84 points below what the capital costs: growth destroys value
- Operating margin
- 4.2%
Operating margin · Aerospace & Defense median 9.6% · 12 months to Q2 2026
- Cash conversion
- 0.88×
Cash conversion · 1.40× a year ago · most of the operating profit arrived as cash, working capital took the rest
- Share count, year on year
- −1.1%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | 3.1% |
| FY2021 | 3.5% |
| FY2022 | 1.9% |
| FY2023 | 3.1% |
| FY2024 | 3.7% |
| FY2025 | 4.3% |
Details›
- Gross margin12 months to Q2 2026
- 8.5%
- Operating margin12 months to Q2 2026
- 4.2%
- Net margin12 months to Q2 2026
- 1.9%
- Free cash flow margin
- 2.7%
- Revenue, trailing twelve months
- $4.90B
- Free cash flow, trailing twelve months
- $130M
- Net income, trailing twelve months
- $92M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 8.2%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.