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Side-by-side financial comparison of Five9, Inc. (FIVN) and VSE CORP (VSEC). Click either name above to swap in a different company.

VSE CORP is the larger business by last-quarter revenue ($324.6M vs $300.3M, roughly 1.1× Five9, Inc.). On growth, VSE CORP posted the faster year-over-year revenue change (26.8% vs 7.8%). Five9, Inc. produced more free cash flow last quarter ($77.3M vs $-68.7M). Over the past eight quarters, VSE CORP's revenue compounded faster (10.5% CAGR vs 10.3%).

Five9, Inc. is a leading global provider of cloud-native contact center software and solutions. It serves enterprises of all sizes across retail, healthcare, financial services, and technology sectors, offering omnichannel customer engagement tools, AI-powered automation, workforce management, and analytics to boost customer experience and operational efficiency.

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...

FIVN vs VSEC — Head-to-Head

Bigger by revenue
VSEC
VSEC
1.1× larger
VSEC
$324.6M
$300.3M
FIVN
Growing faster (revenue YoY)
VSEC
VSEC
+19.0% gap
VSEC
26.8%
7.8%
FIVN
More free cash flow
FIVN
FIVN
$146.0M more FCF
FIVN
$77.3M
$-68.7M
VSEC
Faster 2-yr revenue CAGR
VSEC
VSEC
Annualised
VSEC
10.5%
10.3%
FIVN

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FIVN
FIVN
VSEC
VSEC
Revenue
$300.3M
$324.6M
Net Profit
$29.1M
Gross Margin
55.4%
Operating Margin
6.6%
10.1%
Net Margin
9.0%
Revenue YoY
7.8%
26.8%
Net Profit YoY
EPS (diluted)
$0.22

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
FIVN
FIVN
VSEC
VSEC
Q1 26
$324.6M
Q4 25
$300.3M
$301.2M
Q3 25
$285.8M
$282.9M
Q2 25
$283.3M
$272.1M
Q1 25
$279.7M
$256.0M
Q4 24
$278.7M
$299.0M
Q3 24
$264.2M
$273.6M
Q2 24
$252.1M
$266.0M
Net Profit
FIVN
FIVN
VSEC
VSEC
Q1 26
$29.1M
Q4 25
$13.6M
Q3 25
$18.0M
$3.9M
Q2 25
$1.2M
$3.2M
Q1 25
$576.0K
$-9.0M
Q4 24
$13.1M
Q3 24
$-4.5M
$11.7M
Q2 24
$-12.8M
$-2.8M
Gross Margin
FIVN
FIVN
VSEC
VSEC
Q1 26
Q4 25
55.4%
Q3 25
55.0%
Q2 25
54.9%
Q1 25
55.0%
Q4 24
56.0%
Q3 24
53.8%
Q2 24
53.0%
Operating Margin
FIVN
FIVN
VSEC
VSEC
Q1 26
10.1%
Q4 25
6.6%
10.8%
Q3 25
5.6%
3.6%
Q2 25
-0.6%
8.3%
Q1 25
-1.9%
9.6%
Q4 24
1.5%
9.2%
Q3 24
-5.8%
8.7%
Q2 24
-7.7%
2.3%
Net Margin
FIVN
FIVN
VSEC
VSEC
Q1 26
9.0%
Q4 25
4.5%
Q3 25
6.3%
1.4%
Q2 25
0.4%
1.2%
Q1 25
0.2%
-3.5%
Q4 24
4.4%
Q3 24
-1.7%
4.3%
Q2 24
-5.1%
-1.0%
EPS (diluted)
FIVN
FIVN
VSEC
VSEC
Q1 26
Q4 25
$0.22
$0.64
Q3 25
$0.21
$0.19
Q2 25
$0.01
$0.16
Q1 25
$0.01
$-0.44
Q4 24
$0.16
$0.79
Q3 24
$-0.06
$0.63
Q2 24
$-0.17
$-0.16

Balance Sheet & Financial Strength

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

Metric
FIVN
FIVN
VSEC
VSEC
Cash + ST InvestmentsLiquidity on hand
$232.1M
$-1.2B
Total DebtLower is stronger
$361.0M
Stockholders' EquityBook value
$785.8M
$2.7B
Total Assets
$1.8B
$3.3B
Debt / EquityLower = less leverage
0.14×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIVN
FIVN
VSEC
VSEC
Q1 26
$-1.2B
Q4 25
$232.1M
$69.4M
Q3 25
$193.4M
$8.8M
Q2 25
$205.5M
$16.9M
Q1 25
$370.3M
$5.7M
Q4 24
$362.5M
$29.0M
Q3 24
$291.0M
$7.9M
Q2 24
$175.7M
$19.0M
Total Debt
FIVN
FIVN
VSEC
VSEC
Q1 26
$361.0M
Q4 25
$292.8M
Q3 25
$356.1M
Q2 25
$379.2M
Q1 25
$465.0M
Q4 24
$430.2M
Q3 24
$450.3M
Q2 24
$463.5M
Stockholders' Equity
FIVN
FIVN
VSEC
VSEC
Q1 26
$2.7B
Q4 25
$785.8M
$1.4B
Q3 25
$775.3M
$983.3M
Q2 25
$717.4M
$979.5M
Q1 25
$664.3M
$975.7M
Q4 24
$622.2M
$988.2M
Q3 24
$565.6M
$787.8M
Q2 24
$525.9M
$781.3M
Total Assets
FIVN
FIVN
VSEC
VSEC
Q1 26
$3.3B
Q4 25
$1.8B
$2.0B
Q3 25
$1.8B
$1.6B
Q2 25
$1.7B
$1.6B
Q1 25
$2.1B
$1.7B
Q4 24
$2.1B
$1.7B
Q3 24
$2.0B
$1.5B
Q2 24
$1.9B
$1.5B
Debt / Equity
FIVN
FIVN
VSEC
VSEC
Q1 26
0.14×
Q4 25
0.20×
Q3 25
0.36×
Q2 25
0.39×
Q1 25
0.48×
Q4 24
0.44×
Q3 24
0.57×
Q2 24
0.59×

Cash Flow & Capital Efficiency

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

Metric
FIVN
FIVN
VSEC
VSEC
Operating Cash FlowLast quarter
$83.6M
$-62.3M
Free Cash FlowOCF − Capex
$77.3M
$-68.7M
FCF MarginFCF / Revenue
25.8%
-21.2%
Capex IntensityCapex / Revenue
2.1%
2.0%
Cash ConversionOCF / Net Profit
-2.14×
TTM Free Cash FlowTrailing 4 quarters
$201.2M
$-13.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FIVN
FIVN
VSEC
VSEC
Q1 26
$-62.3M
Q4 25
$83.6M
$37.6M
Q3 25
$59.2M
$24.1M
Q2 25
$35.1M
$11.9M
Q1 25
$48.4M
$-46.6M
Q4 24
$49.8M
$55.4M
Q3 24
$41.1M
$10.2M
Q2 24
$19.9M
$-17.5M
Free Cash Flow
FIVN
FIVN
VSEC
VSEC
Q1 26
$-68.7M
Q4 25
$77.3M
$30.9M
Q3 25
$48.7M
$18.0M
Q2 25
$31.6M
$6.3M
Q1 25
$43.7M
$-49.5M
Q4 24
$40.5M
$52.1M
Q3 24
$26.7M
$4.4M
Q2 24
$13.1M
$-21.5M
FCF Margin
FIVN
FIVN
VSEC
VSEC
Q1 26
-21.2%
Q4 25
25.8%
10.3%
Q3 25
17.0%
6.4%
Q2 25
11.1%
2.3%
Q1 25
15.6%
-19.3%
Q4 24
14.5%
17.4%
Q3 24
10.1%
1.6%
Q2 24
5.2%
-8.1%
Capex Intensity
FIVN
FIVN
VSEC
VSEC
Q1 26
2.0%
Q4 25
2.1%
2.2%
Q3 25
3.7%
2.1%
Q2 25
1.2%
2.1%
Q1 25
1.7%
1.1%
Q4 24
3.3%
1.1%
Q3 24
5.4%
2.1%
Q2 24
2.7%
1.5%
Cash Conversion
FIVN
FIVN
VSEC
VSEC
Q1 26
-2.14×
Q4 25
2.77×
Q3 25
3.29×
6.16×
Q2 25
30.38×
3.72×
Q1 25
84.00×
Q4 24
4.24×
Q3 24
0.87×
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

FIVN
FIVN

Segment breakdown not available.

VSEC
VSEC

Products$202.3M62%
Services$122.2M38%

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