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Side-by-side financial comparison of Legend Biotech Corp (LEGN) 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 $272.3M, roughly 1.2× Legend Biotech Corp). VSE CORP runs the higher net margin — 9.0% vs -14.6%, a 23.5% gap on every dollar of revenue. On growth, Legend Biotech Corp posted the faster year-over-year revenue change (70.0% vs 26.8%). Over the past eight quarters, Legend Biotech Corp's revenue compounded faster (92.7% CAGR vs 10.5%).

GenScript Biotech, fully known as GenScript Biotech Corporation, usually referred to as simply GenScript, is a China–based biotech company. It was co-founded in 2002 in New Jersey by Fangliang Zhang, Ye Wang, and Luquan Wang. The company mainly provides life science research application instruments and services. It was listed on the Hong Kong Stock Exchange in 2015. The current rotating CEO of the firm is Shao Weihui, who also served as the chief operating officer and Chinese Communist Party ...

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...

LEGN vs VSEC — Head-to-Head

Bigger by revenue
VSEC
VSEC
1.2× larger
VSEC
$324.6M
$272.3M
LEGN
Growing faster (revenue YoY)
LEGN
LEGN
+43.2% gap
LEGN
70.0%
26.8%
VSEC
Higher net margin
VSEC
VSEC
23.5% more per $
VSEC
9.0%
-14.6%
LEGN
Faster 2-yr revenue CAGR
LEGN
LEGN
Annualised
LEGN
92.7%
10.5%
VSEC

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
LEGN
LEGN
VSEC
VSEC
Revenue
$272.3M
$324.6M
Net Profit
$-39.7M
$29.1M
Gross Margin
58.4%
Operating Margin
-16.0%
10.1%
Net Margin
-14.6%
9.0%
Revenue YoY
70.0%
26.8%
Net Profit YoY
68.3%
EPS (diluted)
$-0.11

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
LEGN
LEGN
VSEC
VSEC
Q1 26
$324.6M
Q4 25
$301.2M
Q3 25
$272.3M
$282.9M
Q2 25
$255.1M
$272.1M
Q1 25
$195.1M
$256.0M
Q4 24
$299.0M
Q3 24
$160.2M
$273.6M
Q2 24
$186.5M
$266.0M
Net Profit
LEGN
LEGN
VSEC
VSEC
Q1 26
$29.1M
Q4 25
$13.6M
Q3 25
$-39.7M
$3.9M
Q2 25
$-125.4M
$3.2M
Q1 25
$-100.9M
$-9.0M
Q4 24
$13.1M
Q3 24
$-125.3M
$11.7M
Q2 24
$-18.2M
$-2.8M
Gross Margin
LEGN
LEGN
VSEC
VSEC
Q1 26
Q4 25
Q3 25
58.4%
Q2 25
62.8%
Q1 25
64.4%
Q4 24
Q3 24
67.2%
Q2 24
75.7%
Operating Margin
LEGN
LEGN
VSEC
VSEC
Q1 26
10.1%
Q4 25
10.8%
Q3 25
-16.0%
3.6%
Q2 25
8.3%
Q1 25
9.6%
Q4 24
9.2%
Q3 24
-43.9%
8.7%
Q2 24
2.3%
Net Margin
LEGN
LEGN
VSEC
VSEC
Q1 26
9.0%
Q4 25
4.5%
Q3 25
-14.6%
1.4%
Q2 25
-49.2%
1.2%
Q1 25
-51.7%
-3.5%
Q4 24
4.4%
Q3 24
-78.2%
4.3%
Q2 24
-9.8%
-1.0%
EPS (diluted)
LEGN
LEGN
VSEC
VSEC
Q1 26
Q4 25
$0.64
Q3 25
$-0.11
$0.19
Q2 25
$-0.34
$0.16
Q1 25
$-0.27
$-0.44
Q4 24
$0.79
Q3 24
$-0.34
$0.63
Q2 24
$-0.05
$-0.16

Balance Sheet & Financial Strength

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

Metric
LEGN
LEGN
VSEC
VSEC
Cash + ST InvestmentsLiquidity on hand
$278.9M
$-1.2B
Total DebtLower is stronger
$361.0M
Stockholders' EquityBook value
$1.0B
$2.7B
Total Assets
$1.7B
$3.3B
Debt / EquityLower = less leverage
0.14×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LEGN
LEGN
VSEC
VSEC
Q1 26
$-1.2B
Q4 25
$69.4M
Q3 25
$278.9M
$8.8M
Q2 25
$266.6M
$16.9M
Q1 25
$441.7M
$5.7M
Q4 24
$29.0M
Q3 24
$459.3M
$7.9M
Q2 24
$201.3M
$19.0M
Total Debt
LEGN
LEGN
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
LEGN
LEGN
VSEC
VSEC
Q1 26
$2.7B
Q4 25
$1.4B
Q3 25
$1.0B
$983.3M
Q2 25
$1.0B
$979.5M
Q1 25
$1.0B
$975.7M
Q4 24
$988.2M
Q3 24
$1.1B
$787.8M
Q2 24
$1.2B
$781.3M
Total Assets
LEGN
LEGN
VSEC
VSEC
Q1 26
$3.3B
Q4 25
$2.0B
Q3 25
$1.7B
$1.6B
Q2 25
$1.7B
$1.6B
Q1 25
$1.6B
$1.7B
Q4 24
$1.7B
Q3 24
$1.7B
$1.5B
Q2 24
$1.8B
$1.5B
Debt / Equity
LEGN
LEGN
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
LEGN
LEGN
VSEC
VSEC
Operating Cash FlowLast quarter
$28.8M
$-62.3M
Free Cash FlowOCF − Capex
$-68.7M
FCF MarginFCF / Revenue
-21.2%
Capex IntensityCapex / Revenue
2.0%
Cash ConversionOCF / Net Profit
-2.14×
TTM Free Cash FlowTrailing 4 quarters
$-13.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LEGN
LEGN
VSEC
VSEC
Q1 26
$-62.3M
Q4 25
$37.6M
Q3 25
$28.8M
$24.1M
Q2 25
$-13.0M
$11.9M
Q1 25
$-103.8M
$-46.6M
Q4 24
$55.4M
Q3 24
$-75.8M
$10.2M
Q2 24
$-1.7M
$-17.5M
Free Cash Flow
LEGN
LEGN
VSEC
VSEC
Q1 26
$-68.7M
Q4 25
$30.9M
Q3 25
$18.0M
Q2 25
$6.3M
Q1 25
$-49.5M
Q4 24
$52.1M
Q3 24
$4.4M
Q2 24
$-21.5M
FCF Margin
LEGN
LEGN
VSEC
VSEC
Q1 26
-21.2%
Q4 25
10.3%
Q3 25
6.4%
Q2 25
2.3%
Q1 25
-19.3%
Q4 24
17.4%
Q3 24
1.6%
Q2 24
-8.1%
Capex Intensity
LEGN
LEGN
VSEC
VSEC
Q1 26
2.0%
Q4 25
2.2%
Q3 25
2.1%
Q2 25
2.1%
Q1 25
1.1%
Q4 24
1.1%
Q3 24
2.1%
Q2 24
1.5%
Cash Conversion
LEGN
LEGN
VSEC
VSEC
Q1 26
-2.14×
Q4 25
2.77×
Q3 25
6.16×
Q2 25
3.72×
Q1 25
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

LEGN
LEGN

Goods Or Services Transferred At Point In Time$261.8M96%
Goods Or Services Transferred Over Time$10.5M4%

VSEC
VSEC

Products$202.3M62%
Services$122.2M38%

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