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Side-by-side financial comparison of HAVERTY FURNITURE COMPANIES INC (HVT) 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 $201.9M, roughly 1.5× HAVERTY FURNITURE COMPANIES INC). VSE CORP runs the higher net margin — 4.5% vs 4.2%, a 0.3% gap on every dollar of revenue. On growth, HAVERTY FURNITURE COMPANIES INC posted the faster year-over-year revenue change (9.5% vs 0.7%). VSE CORP produced more free cash flow last quarter ($30.9M vs $3.0M). Over the past eight quarters, VSE CORP's revenue compounded faster (11.7% CAGR vs 4.8%).

Furniture Brands International, Inc. was a home furnishings company, headquartered in Clayton, Missouri. The company began in 1911 as International Shoe Company with the merger of Roberts, Johnson & Rand Shoe Company and Peters Shoe Company. In 1966, the company changed its name to Interco as the result of diversification, and once the company exited the shoe business, adopted the name Furniture Brands International. Some of the brands it owned in the furniture industry included Broyhill, Tho...

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...

HVT vs VSEC — Head-to-Head

Bigger by revenue
VSEC
VSEC
1.5× larger
VSEC
$301.2M
$201.9M
HVT
Growing faster (revenue YoY)
HVT
HVT
+8.8% gap
HVT
9.5%
0.7%
VSEC
Higher net margin
VSEC
VSEC
0.3% more per $
VSEC
4.5%
4.2%
HVT
More free cash flow
VSEC
VSEC
$27.9M more FCF
VSEC
$30.9M
$3.0M
HVT
Faster 2-yr revenue CAGR
VSEC
VSEC
Annualised
VSEC
11.7%
4.8%
HVT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HVT
HVT
VSEC
VSEC
Revenue
$201.9M
$301.2M
Net Profit
$8.5M
$13.6M
Gross Margin
60.4%
Operating Margin
5.3%
10.8%
Net Margin
4.2%
4.5%
Revenue YoY
9.5%
0.7%
Net Profit YoY
4.1%
3.9%
EPS (diluted)
$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
HVT
HVT
VSEC
VSEC
Q4 25
$201.9M
$301.2M
Q3 25
$194.5M
$282.9M
Q2 25
$181.0M
$272.1M
Q1 25
$181.6M
$256.0M
Q4 24
$184.4M
$299.0M
Q3 24
$175.9M
$273.6M
Q2 24
$178.6M
$266.0M
Q1 24
$184.0M
$241.5M
Net Profit
HVT
HVT
VSEC
VSEC
Q4 25
$8.5M
$13.6M
Q3 25
$4.7M
$3.9M
Q2 25
$2.7M
$3.2M
Q1 25
$3.8M
$-9.0M
Q4 24
$8.2M
$13.1M
Q3 24
$4.9M
$11.7M
Q2 24
$4.4M
$-2.8M
Q1 24
$2.4M
$-6.6M
Gross Margin
HVT
HVT
VSEC
VSEC
Q4 25
60.4%
Q3 25
60.3%
Q2 25
60.8%
Q1 25
61.2%
Q4 24
61.9%
Q3 24
60.2%
Q2 24
60.4%
Q1 24
60.3%
Operating Margin
HVT
HVT
VSEC
VSEC
Q4 25
5.3%
10.8%
Q3 25
3.3%
3.6%
Q2 25
2.4%
8.3%
Q1 25
2.9%
9.6%
Q4 24
5.2%
9.2%
Q3 24
3.9%
8.7%
Q2 24
3.6%
2.3%
Q1 24
1.7%
10.0%
Net Margin
HVT
HVT
VSEC
VSEC
Q4 25
4.2%
4.5%
Q3 25
2.4%
1.4%
Q2 25
1.5%
1.2%
Q1 25
2.1%
-3.5%
Q4 24
4.4%
4.4%
Q3 24
2.8%
4.3%
Q2 24
2.5%
-1.0%
Q1 24
1.3%
-2.7%
EPS (diluted)
HVT
HVT
VSEC
VSEC
Q4 25
$0.64
Q3 25
$0.19
Q2 25
$0.16
Q1 25
$-0.44
Q4 24
$0.79
Q3 24
$0.63
Q2 24
$-0.16
Q1 24
$-0.41

Balance Sheet & Financial Strength

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

Metric
HVT
HVT
VSEC
VSEC
Cash + ST InvestmentsLiquidity on hand
$125.3M
$69.4M
Total DebtLower is stronger
$292.8M
Stockholders' EquityBook value
$307.9M
$1.4B
Total Assets
$649.1M
$2.0B
Debt / EquityLower = less leverage
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HVT
HVT
VSEC
VSEC
Q4 25
$125.3M
$69.4M
Q3 25
$130.5M
$8.8M
Q2 25
$107.4M
$16.9M
Q1 25
$111.9M
$5.7M
Q4 24
$120.0M
$29.0M
Q3 24
$121.2M
$7.9M
Q2 24
$109.9M
$19.0M
Q1 24
$111.8M
$10.6M
Total Debt
HVT
HVT
VSEC
VSEC
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
Q1 24
$481.6M
Stockholders' Equity
HVT
HVT
VSEC
VSEC
Q4 25
$307.9M
$1.4B
Q3 25
$306.0M
$983.3M
Q2 25
$304.9M
$979.5M
Q1 25
$305.4M
$975.7M
Q4 24
$307.6M
$988.2M
Q3 24
$307.8M
$787.8M
Q2 24
$307.1M
$781.3M
Q1 24
$306.7M
$612.7M
Total Assets
HVT
HVT
VSEC
VSEC
Q4 25
$649.1M
$2.0B
Q3 25
$651.7M
$1.6B
Q2 25
$642.7M
$1.6B
Q1 25
$642.7M
$1.7B
Q4 24
$648.7M
$1.7B
Q3 24
$659.3M
$1.5B
Q2 24
$642.1M
$1.5B
Q1 24
$640.5M
$1.3B
Debt / Equity
HVT
HVT
VSEC
VSEC
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×
Q1 24
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
HVT
HVT
VSEC
VSEC
Operating Cash FlowLast quarter
$7.4M
$37.6M
Free Cash FlowOCF − Capex
$3.0M
$30.9M
FCF MarginFCF / Revenue
1.5%
10.3%
Capex IntensityCapex / Revenue
2.2%
2.2%
Cash ConversionOCF / Net Profit
0.86×
2.77×
TTM Free Cash FlowTrailing 4 quarters
$33.0M
$5.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HVT
HVT
VSEC
VSEC
Q4 25
$7.4M
$37.6M
Q3 25
$31.9M
$24.1M
Q2 25
$7.2M
$11.9M
Q1 25
$6.2M
$-46.6M
Q4 24
$16.9M
$55.4M
Q3 24
$24.4M
$10.2M
Q2 24
$14.4M
$-17.5M
Q1 24
$3.1M
$-79.1M
Free Cash Flow
HVT
HVT
VSEC
VSEC
Q4 25
$3.0M
$30.9M
Q3 25
$28.3M
$18.0M
Q2 25
$1.6M
$6.3M
Q1 25
$27.0K
$-49.5M
Q4 24
$9.1M
$52.1M
Q3 24
$16.1M
$4.4M
Q2 24
$4.9M
$-21.5M
Q1 24
$-3.3M
$-86.8M
FCF Margin
HVT
HVT
VSEC
VSEC
Q4 25
1.5%
10.3%
Q3 25
14.6%
6.4%
Q2 25
0.9%
2.3%
Q1 25
0.0%
-19.3%
Q4 24
4.9%
17.4%
Q3 24
9.2%
1.6%
Q2 24
2.7%
-8.1%
Q1 24
-1.8%
-35.9%
Capex Intensity
HVT
HVT
VSEC
VSEC
Q4 25
2.2%
2.2%
Q3 25
1.8%
2.1%
Q2 25
3.1%
2.1%
Q1 25
3.4%
1.1%
Q4 24
4.2%
1.1%
Q3 24
4.7%
2.1%
Q2 24
5.3%
1.5%
Q1 24
3.5%
3.2%
Cash Conversion
HVT
HVT
VSEC
VSEC
Q4 25
0.86×
2.77×
Q3 25
6.75×
6.16×
Q2 25
2.69×
3.72×
Q1 25
1.63×
Q4 24
2.06×
4.24×
Q3 24
4.96×
0.87×
Q2 24
3.25×
Q1 24
1.31×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HVT
HVT

Upholstery$91.0M45%
Bedroom Furniture$29.2M14%
Accessories And Other$28.4M14%
Dining Room Furniture$22.8M11%
Mattresses$16.1M8%
Occasional$14.4M7%

VSEC
VSEC

Segment breakdown not available.

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