VVX
V2X, Inc.

V2X, Inc.VVX

Industrials · Aerospace & Defense
83.20USD
+3.52%
Nov 03, 2026
VVX overview ready
V2X is a defense-services enabler that executes readiness training, logistics and supply-chain operations, infrastructure sustainment, communications support, and platform maintenance and modernization for U.S.
Strong narrative exposure
Exposed to the Defense Rearmament and Industrial Base narrative through Defense Readiness, Sustainment and Logistics Services — enabling supplier.
An early price trend
Longer-term context reads established trend, with a near-term setup of daily advance.
Attractive valuation
Current market expectations look undemanding relative to how much growth and cash flow it delivers per turn of revenue multiple.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Dependence on government defense spending.
Market Nov 2Filing Oct 2Price action Nov 2Research Oct 21

Conviction Level

CompanyFit8.0PriceAction8.0Valuation7.9BusinessPerformance4.0CompanyPosition7.3BusinessQuality7.1Decelerating — Revenue is still growing (+8.9% YoY), but growth has slowed for 2 consecutive quarters, down from +23%. Diluted EPS is up 31% year over year at $1.01. — From filed financial statements. Describes the recent trajectory of the business, not the stock, and is not a Conviction input.

Conviction uses Company Fit, Price Action, Valuation, Business Quality. Business Performance and Company Position are research context, not inputs.

Theme leadershipGroup context · not a Conviction input
Defense / DronesImproving
vs SPY
+1.5pp
Theme return
−0.7%
Beating SPY
14 of 25
21 sessions to Nov 2, 2026 · ranked 29 of 59 themes
Price
Loading price history…

Price Action

An early price trend
Longer-term context reads established trend, with a near-term setup of daily advance.
EntryReset + recovery

The stock remains extended from its long-term weekly base, but the recent reset toward the daily SMA200 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$2.6B
Avg Volume (60D)
547.1K
60 sessions
Revenue Growth YoY
+3.7%
FY2025 vs FY2024
Gross Margin
+8.5%
Operating Margin
+4.2%
Trailing twelve months
Free Cash Flow Yield
+6.1%
Distance from 200DMA
+12.5%
P/E
26.3x
EV / Sales
0.7x
Market metrics as of Nov 2, 2026
Financial results for the period ended Oct 2, 2026
Filed balance-sheet data as of Oct 2, 2026

Business Performance

Decelerating

Revenue is still growing (+8.9% YoY), but growth has slowed for 2 consecutive quarters, down from +23%. Diluted EPS is up 31% year over year at $1.01.

Latest reported: Q3 FY2026, ended Oct 2
Revenue growthSlowing
+8.9%
$1.27B in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +5.3%
  2. +23%
  3. +17%
  4. +8.9%
Earnings growthGrowing
+31%
Diluted EPS $1.01 vs $0.77 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. n/a
  2. +140%
  3. +16%
  4. +31%
Operating marginStable
4.7%
-0.1 pp YoY

Fundamentals & Valuation

Only one valuation perspective could be built for this company, and it reads cheap.
V2X, Inc. has a Cheap valuation stance because current market expectations look undemanding relative to how much growth and cash flow it delivers per turn of revenue multiple.

Company Research

Thesis
V2X is a defense-services enabler that executes readiness training, logistics and supply-chain operations, infrastructure sustainment, communications support, and platform maintenance and modernization for U.S. Allied government customers.
Opportunity
Moderate opportunity
Government and allied spending to improve force readiness, maintain and modernize deployed platforms and installations, and operate logistics, training, maintenance, and mission-support systems at global scale.
Key risk
Dependence on government defense spending.

Economic classification

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Business & Markets

Industrials · Aerospace & Defense
What they do

V2X, Inc. provides integrated mission solutions and support services primarily to defense customers, operating through multi-domain readiness, supply chain management, and platform modernization.

How it earns

The company generates revenue primarily through project-based contracts and service agreements with defense and government customers.

Products & services
Multi-domain impact readiness solutions
Integrated supply chain management
Mission solutions
Platform renewal and modernization
Customers & end markets
Defense customers
National security agencies
Civilian government entities
International defense clients
Market position

Niche provider specializing in integrated mission support and platform modernization within the defense sector.

Demand drivers
Medium cyclicality

Dependent on government defense budgets and contract cycles which can fluctuate with political and geopolitical factors.

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