vs

Side-by-side financial comparison of KRONOS WORLDWIDE INC (KRO) and VSE CORP (VSEC). Click either name above to swap in a different company.

KRONOS WORLDWIDE INC is the larger business by last-quarter revenue ($418.3M vs $301.2M, roughly 1.4× VSE CORP). VSE CORP runs the higher net margin — 4.5% vs -19.8%, a 24.3% gap on every dollar of revenue. On growth, VSE CORP posted the faster year-over-year revenue change (0.7% vs -1.1%). KRONOS WORLDWIDE INC produced more free cash flow last quarter ($81.9M vs $30.9M). Over the past eight quarters, VSE CORP's revenue compounded faster (11.7% CAGR vs -6.5%).

Kronos Incorporated was an American multinational workforce management and human capital management cloud provider headquartered in Lowell, Massachusetts, United States, which employed more than 6,000 people worldwide.

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...

KRO vs VSEC — Head-to-Head

Bigger by revenue
KRO
KRO
1.4× larger
KRO
$418.3M
$301.2M
VSEC
Growing faster (revenue YoY)
VSEC
VSEC
+1.9% gap
VSEC
0.7%
-1.1%
KRO
Higher net margin
VSEC
VSEC
24.3% more per $
VSEC
4.5%
-19.8%
KRO
More free cash flow
KRO
KRO
$51.0M more FCF
KRO
$81.9M
$30.9M
VSEC
Faster 2-yr revenue CAGR
VSEC
VSEC
Annualised
VSEC
11.7%
-6.5%
KRO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KRO
KRO
VSEC
VSEC
Revenue
$418.3M
$301.2M
Net Profit
$-82.8M
$13.6M
Gross Margin
-0.9%
Operating Margin
-15.1%
10.8%
Net Margin
-19.8%
4.5%
Revenue YoY
-1.1%
0.7%
Net Profit YoY
-527.3%
3.9%
EPS (diluted)
$-0.72
$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
KRO
KRO
VSEC
VSEC
Q4 25
$418.3M
$301.2M
Q3 25
$456.9M
$282.9M
Q2 25
$494.4M
$272.1M
Q1 25
$489.8M
$256.0M
Q4 24
$423.1M
$299.0M
Q3 24
$484.7M
$273.6M
Q2 24
$500.5M
$266.0M
Q1 24
$478.8M
$241.5M
Net Profit
KRO
KRO
VSEC
VSEC
Q4 25
$-82.8M
$13.6M
Q3 25
$-37.0M
$3.9M
Q2 25
$-9.2M
$3.2M
Q1 25
$18.1M
$-9.0M
Q4 24
$-13.2M
$13.1M
Q3 24
$71.8M
$11.7M
Q2 24
$19.5M
$-2.8M
Q1 24
$8.1M
$-6.6M
Gross Margin
KRO
KRO
VSEC
VSEC
Q4 25
-0.9%
Q3 25
10.3%
Q2 25
12.7%
Q1 25
21.8%
Q4 24
20.4%
Q3 24
20.9%
Q2 24
20.0%
Q1 24
14.9%
Operating Margin
KRO
KRO
VSEC
VSEC
Q4 25
-15.1%
10.8%
Q3 25
-4.2%
3.6%
Q2 25
1.5%
8.3%
Q1 25
7.8%
9.6%
Q4 24
6.8%
9.2%
Q3 24
8.0%
8.7%
Q2 24
7.2%
2.3%
Q1 24
4.1%
10.0%
Net Margin
KRO
KRO
VSEC
VSEC
Q4 25
-19.8%
4.5%
Q3 25
-8.1%
1.4%
Q2 25
-1.9%
1.2%
Q1 25
3.7%
-3.5%
Q4 24
-3.1%
4.4%
Q3 24
14.8%
4.3%
Q2 24
3.9%
-1.0%
Q1 24
1.7%
-2.7%
EPS (diluted)
KRO
KRO
VSEC
VSEC
Q4 25
$-0.72
$0.64
Q3 25
$-0.32
$0.19
Q2 25
$-0.08
$0.16
Q1 25
$0.16
$-0.44
Q4 24
$-0.11
$0.79
Q3 24
$0.62
$0.63
Q2 24
$0.17
$-0.16
Q1 24
$0.07
$-0.41

Balance Sheet & Financial Strength

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

Metric
KRO
KRO
VSEC
VSEC
Cash + ST InvestmentsLiquidity on hand
$33.2M
$69.4M
Total DebtLower is stronger
$557.4M
$292.8M
Stockholders' EquityBook value
$751.1M
$1.4B
Total Assets
$1.8B
$2.0B
Debt / EquityLower = less leverage
0.74×
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KRO
KRO
VSEC
VSEC
Q4 25
$33.2M
$69.4M
Q3 25
$27.7M
$8.8M
Q2 25
$18.9M
$16.9M
Q1 25
$20.5M
$5.7M
Q4 24
$106.7M
$29.0M
Q3 24
$94.8M
$7.9M
Q2 24
$133.8M
$19.0M
Q1 24
$120.7M
$10.6M
Total Debt
KRO
KRO
VSEC
VSEC
Q4 25
$557.4M
$292.8M
Q3 25
$626.2M
$356.1M
Q2 25
$589.3M
$379.2M
Q1 25
$557.2M
$465.0M
Q4 24
$507.4M
$430.2M
Q3 24
$554.3M
$450.3M
Q2 24
$423.7M
$463.5M
Q1 24
$426.9M
$481.6M
Stockholders' Equity
KRO
KRO
VSEC
VSEC
Q4 25
$751.1M
$1.4B
Q3 25
$804.7M
$983.3M
Q2 25
$846.8M
$979.5M
Q1 25
$847.0M
$975.7M
Q4 24
$817.0M
$988.2M
Q3 24
$847.4M
$787.8M
Q2 24
$774.6M
$781.3M
Q1 24
$774.4M
$612.7M
Total Assets
KRO
KRO
VSEC
VSEC
Q4 25
$1.8B
$2.0B
Q3 25
$1.9B
$1.6B
Q2 25
$1.9B
$1.6B
Q1 25
$1.9B
$1.7B
Q4 24
$1.9B
$1.7B
Q3 24
$1.9B
$1.5B
Q2 24
$1.7B
$1.5B
Q1 24
$1.7B
$1.3B
Debt / Equity
KRO
KRO
VSEC
VSEC
Q4 25
0.74×
0.20×
Q3 25
0.78×
0.36×
Q2 25
0.70×
0.39×
Q1 25
0.66×
0.48×
Q4 24
0.62×
0.44×
Q3 24
0.65×
0.57×
Q2 24
0.55×
0.59×
Q1 24
0.55×
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
KRO
KRO
VSEC
VSEC
Operating Cash FlowLast quarter
$92.1M
$37.6M
Free Cash FlowOCF − Capex
$81.9M
$30.9M
FCF MarginFCF / Revenue
19.6%
10.3%
Capex IntensityCapex / Revenue
2.4%
2.2%
Cash ConversionOCF / Net Profit
2.77×
TTM Free Cash FlowTrailing 4 quarters
$-40.4M
$5.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KRO
KRO
VSEC
VSEC
Q4 25
$92.1M
$37.6M
Q3 25
$-7.9M
$24.1M
Q2 25
$20.7M
$11.9M
Q1 25
$-102.4M
$-46.6M
Q4 24
$49.3M
$55.4M
Q3 24
$28.3M
$10.2M
Q2 24
$38.2M
$-17.5M
Q1 24
$-43.3M
$-79.1M
Free Cash Flow
KRO
KRO
VSEC
VSEC
Q4 25
$81.9M
$30.9M
Q3 25
$-17.4M
$18.0M
Q2 25
$9.5M
$6.3M
Q1 25
$-114.4M
$-49.5M
Q4 24
$37.0M
$52.1M
Q3 24
$19.2M
$4.4M
Q2 24
$34.8M
$-21.5M
Q1 24
$-48.0M
$-86.8M
FCF Margin
KRO
KRO
VSEC
VSEC
Q4 25
19.6%
10.3%
Q3 25
-3.8%
6.4%
Q2 25
1.9%
2.3%
Q1 25
-23.4%
-19.3%
Q4 24
8.7%
17.4%
Q3 24
4.0%
1.6%
Q2 24
7.0%
-8.1%
Q1 24
-10.0%
-35.9%
Capex Intensity
KRO
KRO
VSEC
VSEC
Q4 25
2.4%
2.2%
Q3 25
2.1%
2.1%
Q2 25
2.3%
2.1%
Q1 25
2.4%
1.1%
Q4 24
2.9%
1.1%
Q3 24
1.9%
2.1%
Q2 24
0.7%
1.5%
Q1 24
1.0%
3.2%
Cash Conversion
KRO
KRO
VSEC
VSEC
Q4 25
2.77×
Q3 25
6.16×
Q2 25
3.72×
Q1 25
-5.66×
Q4 24
4.24×
Q3 24
0.39×
0.87×
Q2 24
1.96×
Q1 24
-5.35×

Financial Flow Comparison

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

Related Comparisons