Global Industrial vs VSE
Global Industrial is the larger business, with $1.38bn of revenue in fiscal 2025 against $1.11bn for VSE (1.2 times as much). VSE grew faster (41.5% against 4.8%). Global Industrial kept more of each dollar of sales as profit: a net margin of 5.2% against 1.1%.
| Latest fiscal year | Global IndustrialGIC, 2025 | VSEVSEC, 2025 |
|---|---|---|
| Revenue | $1.38bn | $1.11bn |
| Revenue growth | 4.8% | 41.5% |
| Net income | $72.1m | $11.7m |
| Operating margin | — | — |
| Net margin | 5.2% | 1.1% |
| Return on equity | 24.3% | 1.0% |
| Free cash flow | $74.7m | $5.7m |
| Cash | $67.5m | $69.4m |
| Total debt | $0 | $296m |
| Debt to equity | — | — |
| Dividend per share | $1.04 | $0.40 |
| Dividend yield | 2.5% | 0.2% |
| Share buybacks | $9.1m | — |
| Employees | 1,980 | 1,600 |
| Market value | $1.68bn | $4.58bn |
| Price vs our value range | Within our value range | — |
| Moat score | 54 (Moderate) | 25 (Weak) |
| Insider trades, 12 months | 4 buys, 20 sales | 0 buys, 13 sales |