V2x, Inc. reports results on Monday 2 November, after the market closes.
Source: reported quarterly EPS and aggregated third-party estimates. Historical surprises are context, not a forecast.
View chart data
| Period | Reported EPS | Analysts' estimate |
|---|---|---|
| Sep '25 | $1.37 | $1.21 |
| Dec '25 | $1.56 | $1.34 |
| Mar '26 | $1.53 | $1.25 |
| Jun '26 | $1.64 | $1.44 |
What analysts expect
Analysts have been raising their forecasts going into the report. For the quarter, the average EPS estimate stands at $1.49 in a range from $1.44 to $1.71, alongside an average revenue estimate of $1.2 billion. The full-year average EPS estimate is $6.23, which would be up 18.8% on last year based on 11 analysts. That figure has risen 2.1% over the past 90 days. Of the recommendations, 5 are positive, 6 neutral and 1 negative.
Earnings surprise model
The model estimates EPS could land above the analysts' average estimate by 7.6%. Its estimated chance of an EPS beat is 75.0%, based on the last 4 quarters. The model shrinks the median recent surprise toward zero and uses a neutral prior for beat frequency; this small sample is a reference estimate, not company guidance.
Track record against estimates
The company reported EPS above the analysts' average estimate in 4 of the last 4 quarters. Last quarter, EPS of $1.64 compared with an estimate of $1.44, exceeding it by 13.9%.
The trends going in
Profit and cash are telling different stories: earnings rose while cash flow fell. That growth rate was up 4.0 percentage points on the rate a quarter earlier. The trailing gross margin was 8.5%, with the operating margin at 4.2%, down 0.2 percentage points from a year earlier. The trailing net margin stood at 1.9%. Net income over the twelve months was $91.8 million, which rose 30.1% on the year before.
The cash picture
Operating cash flow over the twelve months was $140.6 million, down 35.8% on the year before. Capital spending was $10.1 million, or 0.2% of revenue. Free cash flow, defined as operating cash flow less capital spending, was $130.4 million, down 38.0% on the year before. This represented a free-cash-flow margin of 2.7%, down 2.2 percentage points from a year earlier. The average diluted share count fell 1.6% over the year.
How today compares
In the context of past results, today's free-cash-flow margin of 2.7% is higher than 44% of the company's own past quarterly readings, which have ranged from 0.8% to 5.6%. Today's operating margin of 4.2% is higher than 85% of past readings (1.5% to 4.4%). Today's twelve-month revenue growth rate of 13.0% is higher than 57% of past readings (0.9% to 110.4%).
Questions this report will answer
Whether the pick-up in revenue growth continues remains a key question, as does whether results land above or below the analysts' expectations set out above. At the same time, it is unclear whether margins hold at the trailing levels above. The next filing will show whether the trends above continue, slow or reverse.
What it means for value
For valuation, the figures matter through our model. In our model, growth 5 percentage points lower would lower the value by 30.9%, and 5 percentage points higher would raise it by 40.0%. A free-cash-flow margin 1 percentage point lower would lower it by 47.6%.
