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Forensic Analysis · Consulting & Engineering Services · as of Nov 8, 2026

V2X, Inc. (VVX)

A forensic read on V2X, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

B · Sound & dependable
Forensic grade
Grey Zone
Financial health
1.7
Distress distance
Clean
Earnings quality
1
Forensic signals
7.4%
ROE
3.7%
Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

V2X, Inc. earns a B (Sound & dependable) forensic quality grade, and its balance-sheet distress test reads 1.7, placing it in the Grey zone. 1 forensic signal was flagged in its latest SEC filings, led by return on invested capital.

What the filings flag

7.7%
FY2025
Return on invested capital. Return on invested capital is 7.7% in the latest fiscal year and rising across FY2023–FY2025 from 4.5%. After-tax operating profit was $98M in FY2023 and $150M in FY2025, with operating income at 3.1% of revenue in FY2023, 3.7% in FY2024 and 4.3% in FY2025. The capital base behind it came down -11% across FY2023–FY2025, from $2.2B to $2.0B, so this return is struck on a smaller base than it started on.

Key fundamentals

Latest Revenue$4.48B
Revenue Growth YoY+3.7%
Revenue CAGR (2yr)+6.3%
Net Margin1.7%
Free Cash Flow$170.1M
Return on Equity7.4%
Debt / Equity1.01x

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Data from SEC EDGAR public filings · metrics as of Nov 8, 2026. Forensic signals flag probability, not certainty.

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