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Side-by-side financial comparison of EverCommerce Inc. (EVCM) and VSE CORP (VSEC). Click either name above to swap in a different company.

VSE CORP is the larger business by last-quarter revenue ($301.2M vs $151.2M, roughly 2.0× EverCommerce Inc.). VSE CORP runs the higher net margin — 4.5% vs 4.0%, a 0.5% gap on every dollar of revenue. On growth, EverCommerce Inc. posted the faster year-over-year revenue change (5.2% vs 0.7%). VSE CORP produced more free cash flow last quarter ($30.9M vs $21.0M). Over the past eight quarters, VSE CORP's revenue compounded faster (11.7% CAGR vs 4.7%).

EverCommerce Inc. is a leading provider of integrated SaaS solutions tailored for small and medium-sized service-based businesses, operating primarily across North America and select global markets. Its product suite covers business management, payment processing, customer engagement, and marketing tools, serving key segments including home services, health & wellness, and fitness industries.

VSE Corporation is a leading provider of aftermarket distribution and repair services. Operating through its two key segments, VSE significantly enhances the productivity and longevity of its customers' high-value, business-critical assets. The aviation segment is a leading provider of aftermarket parts distribution and maintenance, repair, and overhaul (MRO) services for components and engine accessories to commercial, business, and general aviation operators. The fleet segment specializes i...

EVCM vs VSEC — Head-to-Head

Bigger by revenue
VSEC
VSEC
2.0× larger
VSEC
$301.2M
$151.2M
EVCM
Growing faster (revenue YoY)
EVCM
EVCM
+4.5% gap
EVCM
5.2%
0.7%
VSEC
Higher net margin
VSEC
VSEC
0.5% more per $
VSEC
4.5%
4.0%
EVCM
More free cash flow
VSEC
VSEC
$9.9M more FCF
VSEC
$30.9M
$21.0M
EVCM
Faster 2-yr revenue CAGR
VSEC
VSEC
Annualised
VSEC
11.7%
4.7%
EVCM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EVCM
EVCM
VSEC
VSEC
Revenue
$151.2M
$301.2M
Net Profit
$6.0M
$13.6M
Gross Margin
Operating Margin
8.8%
10.8%
Net Margin
4.0%
4.5%
Revenue YoY
5.2%
0.7%
Net Profit YoY
149.4%
3.9%
EPS (diluted)
$0.04
$0.64

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
EVCM
EVCM
VSEC
VSEC
Q4 25
$151.2M
$301.2M
Q3 25
$147.5M
$282.9M
Q2 25
$148.0M
$272.1M
Q1 25
$142.3M
$256.0M
Q4 24
$143.7M
$299.0M
Q3 24
$140.1M
$273.6M
Q2 24
$140.5M
$266.0M
Q1 24
$137.9M
$241.5M
Net Profit
EVCM
EVCM
VSEC
VSEC
Q4 25
$6.0M
$13.6M
Q3 25
$11.1M
$3.9M
Q2 25
$8.2M
$3.2M
Q1 25
$-7.7M
$-9.0M
Q4 24
$-12.2M
$13.1M
Q3 24
$-9.2M
$11.7M
Q2 24
$-3.4M
$-2.8M
Q1 24
$-16.3M
$-6.6M
Operating Margin
EVCM
EVCM
VSEC
VSEC
Q4 25
8.8%
10.8%
Q3 25
10.8%
3.6%
Q2 25
10.7%
8.3%
Q1 25
10.0%
9.6%
Q4 24
8.8%
9.2%
Q3 24
7.2%
8.7%
Q2 24
5.5%
2.3%
Q1 24
-3.1%
10.0%
Net Margin
EVCM
EVCM
VSEC
VSEC
Q4 25
4.0%
4.5%
Q3 25
7.5%
1.4%
Q2 25
5.5%
1.2%
Q1 25
-5.4%
-3.5%
Q4 24
-8.5%
4.4%
Q3 24
-6.5%
4.3%
Q2 24
-2.4%
-1.0%
Q1 24
-11.8%
-2.7%
EPS (diluted)
EVCM
EVCM
VSEC
VSEC
Q4 25
$0.04
$0.64
Q3 25
$0.06
$0.19
Q2 25
$0.04
$0.16
Q1 25
$-0.04
$-0.44
Q4 24
$-0.06
$0.79
Q3 24
$-0.05
$0.63
Q2 24
$-0.02
$-0.16
Q1 24
$-0.09
$-0.41

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EVCM
EVCM
VSEC
VSEC
Cash + ST InvestmentsLiquidity on hand
$129.7M
$69.4M
Total DebtLower is stronger
$523.4M
$292.8M
Stockholders' EquityBook value
$716.9M
$1.4B
Total Assets
$1.4B
$2.0B
Debt / EquityLower = less leverage
0.73×
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EVCM
EVCM
VSEC
VSEC
Q4 25
$129.7M
$69.4M
Q3 25
$106.9M
$8.8M
Q2 25
$151.1M
$16.9M
Q1 25
$148.4M
$5.7M
Q4 24
$135.8M
$29.0M
Q3 24
$101.6M
$7.9M
Q2 24
$86.7M
$19.0M
Q1 24
$90.0M
$10.6M
Total Debt
EVCM
EVCM
VSEC
VSEC
Q4 25
$523.4M
$292.8M
Q3 25
$524.6M
$356.1M
Q2 25
$525.8M
$379.2M
Q1 25
$526.9M
$465.0M
Q4 24
$527.9M
$430.2M
Q3 24
$529.0M
$450.3M
Q2 24
$530.1M
$463.5M
Q1 24
$531.1M
$481.6M
Stockholders' Equity
EVCM
EVCM
VSEC
VSEC
Q4 25
$716.9M
$1.4B
Q3 25
$728.5M
$983.3M
Q2 25
$744.0M
$979.5M
Q1 25
$739.6M
$975.7M
Q4 24
$750.8M
$988.2M
Q3 24
$770.7M
$787.8M
Q2 24
$784.1M
$781.3M
Q1 24
$800.7M
$612.7M
Total Assets
EVCM
EVCM
VSEC
VSEC
Q4 25
$1.4B
$2.0B
Q3 25
$1.4B
$1.6B
Q2 25
$1.4B
$1.6B
Q1 25
$1.4B
$1.7B
Q4 24
$1.4B
$1.7B
Q3 24
$1.5B
$1.5B
Q2 24
$1.5B
$1.5B
Q1 24
$1.5B
$1.3B
Debt / Equity
EVCM
EVCM
VSEC
VSEC
Q4 25
0.73×
0.20×
Q3 25
0.72×
0.36×
Q2 25
0.71×
0.39×
Q1 25
0.71×
0.48×
Q4 24
0.70×
0.44×
Q3 24
0.69×
0.57×
Q2 24
0.68×
0.59×
Q1 24
0.66×
0.79×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EVCM
EVCM
VSEC
VSEC
Operating Cash FlowLast quarter
$21.3M
$37.6M
Free Cash FlowOCF − Capex
$21.0M
$30.9M
FCF MarginFCF / Revenue
13.9%
10.3%
Capex IntensityCapex / Revenue
0.2%
2.2%
Cash ConversionOCF / Net Profit
3.52×
2.77×
TTM Free Cash FlowTrailing 4 quarters
$109.2M
$5.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EVCM
EVCM
VSEC
VSEC
Q4 25
$21.3M
$37.6M
Q3 25
$32.5M
$24.1M
Q2 25
$27.0M
$11.9M
Q1 25
$30.7M
$-46.6M
Q4 24
$48.4M
$55.4M
Q3 24
$27.5M
$10.2M
Q2 24
$23.9M
$-17.5M
Q1 24
$13.3M
$-79.1M
Free Cash Flow
EVCM
EVCM
VSEC
VSEC
Q4 25
$21.0M
$30.9M
Q3 25
$31.6M
$18.0M
Q2 25
$26.5M
$6.3M
Q1 25
$30.2M
$-49.5M
Q4 24
$48.2M
$52.1M
Q3 24
$27.4M
$4.4M
Q2 24
$23.3M
$-21.5M
Q1 24
$12.9M
$-86.8M
FCF Margin
EVCM
EVCM
VSEC
VSEC
Q4 25
13.9%
10.3%
Q3 25
21.4%
6.4%
Q2 25
17.9%
2.3%
Q1 25
21.2%
-19.3%
Q4 24
33.5%
17.4%
Q3 24
19.5%
1.6%
Q2 24
16.6%
-8.1%
Q1 24
9.4%
-35.9%
Capex Intensity
EVCM
EVCM
VSEC
VSEC
Q4 25
0.2%
2.2%
Q3 25
0.6%
2.1%
Q2 25
0.3%
2.1%
Q1 25
0.3%
1.1%
Q4 24
0.2%
1.1%
Q3 24
0.1%
2.1%
Q2 24
0.5%
1.5%
Q1 24
0.3%
3.2%
Cash Conversion
EVCM
EVCM
VSEC
VSEC
Q4 25
3.52×
2.77×
Q3 25
2.93×
6.16×
Q2 25
3.31×
3.72×
Q1 25
Q4 24
4.24×
Q3 24
0.87×
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

EVCM
EVCM

Transferred Over Time$146.4M97%
Transferred At Point In Time$4.8M3%

VSEC
VSEC

Segment breakdown not available.

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