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Side-by-side financial comparison of Sylvamo Corp (SLVM) and V2X, Inc. (VVX). Click either name above to swap in a different company.

V2X, Inc. is the larger business by last-quarter revenue ($1.2B vs $890.0M, roughly 1.4× Sylvamo Corp). Sylvamo Corp runs the higher net margin — 3.7% vs 1.9%, a 1.8% gap on every dollar of revenue. On growth, V2X, Inc. posted the faster year-over-year revenue change (5.3% vs -8.2%). V2X, Inc. produced more free cash flow last quarter ($207.2M vs $38.0M). Over the past eight quarters, V2X, Inc.'s revenue compounded faster (9.8% CAGR vs -0.8%).

Sylvamo Corp is a leading global manufacturer of sustainable paper and pulp products. Its core offerings include uncoated printing paper, packaging paper, and market pulp, serving office supplies, publishing, commercial printing, and packaging segments across North America, Europe, and Latin America.

V2X, Inc. is a leading provider of integrated technology solutions, mission support services, and critical infrastructure engineering primarily serving U.S. federal government clients including the Department of Defense and civilian agencies, as well as select commercial customers. It delivers end-to-end capabilities for national security, public safety, and operational resilience across its core operating segments.

SLVM vs VVX — Head-to-Head

Bigger by revenue
VVX
VVX
1.4× larger
VVX
$1.2B
$890.0M
SLVM
Growing faster (revenue YoY)
VVX
VVX
+13.5% gap
VVX
5.3%
-8.2%
SLVM
Higher net margin
SLVM
SLVM
1.8% more per $
SLVM
3.7%
1.9%
VVX
More free cash flow
VVX
VVX
$169.2M more FCF
VVX
$207.2M
$38.0M
SLVM
Faster 2-yr revenue CAGR
VVX
VVX
Annualised
VVX
9.8%
-0.8%
SLVM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SLVM
SLVM
VVX
VVX
Revenue
$890.0M
$1.2B
Net Profit
$33.0M
$22.8M
Gross Margin
8.6%
Operating Margin
8.9%
4.2%
Net Margin
3.7%
1.9%
Revenue YoY
-8.2%
5.3%
Net Profit YoY
-59.3%
-9.0%
EPS (diluted)
$0.81
$0.73

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
SLVM
SLVM
VVX
VVX
Q4 25
$890.0M
$1.2B
Q3 25
$846.0M
$1.2B
Q2 25
$794.0M
$1.1B
Q1 25
$821.0M
$1.0B
Q4 24
$970.0M
$1.2B
Q3 24
$965.0M
$1.1B
Q2 24
$933.0M
$1.1B
Q1 24
$905.0M
$1.0B
Net Profit
SLVM
SLVM
VVX
VVX
Q4 25
$33.0M
$22.8M
Q3 25
$57.0M
$24.6M
Q2 25
$15.0M
$22.4M
Q1 25
$27.0M
$8.1M
Q4 24
$81.0M
$25.0M
Q3 24
$95.0M
$15.1M
Q2 24
$83.0M
$-6.5M
Q1 24
$43.0M
$1.1M
Gross Margin
SLVM
SLVM
VVX
VVX
Q4 25
8.6%
Q3 25
8.1%
Q2 25
8.9%
Q1 25
7.7%
Q4 24
9.3%
Q3 24
8.5%
Q2 24
6.9%
Q1 24
7.0%
Operating Margin
SLVM
SLVM
VVX
VVX
Q4 25
8.9%
4.2%
Q3 25
11.6%
4.8%
Q2 25
3.8%
4.9%
Q1 25
5.4%
3.4%
Q4 24
11.2%
4.5%
Q3 24
15.5%
4.6%
Q2 24
13.1%
2.6%
Q1 24
8.0%
3.0%
Net Margin
SLVM
SLVM
VVX
VVX
Q4 25
3.7%
1.9%
Q3 25
6.7%
2.1%
Q2 25
1.9%
2.1%
Q1 25
3.3%
0.8%
Q4 24
8.4%
2.2%
Q3 24
9.8%
1.4%
Q2 24
8.9%
-0.6%
Q1 24
4.8%
0.1%
EPS (diluted)
SLVM
SLVM
VVX
VVX
Q4 25
$0.81
$0.73
Q3 25
$1.41
$0.77
Q2 25
$0.37
$0.70
Q1 25
$0.65
$0.25
Q4 24
$1.91
$0.78
Q3 24
$2.27
$0.47
Q2 24
$1.98
$-0.21
Q1 24
$1.02
$0.04

Balance Sheet & Financial Strength

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

Metric
SLVM
SLVM
VVX
VVX
Cash + ST InvestmentsLiquidity on hand
$198.0M
Total DebtLower is stronger
$763.0M
Stockholders' EquityBook value
$966.0M
$1.1B
Total Assets
$2.8B
$3.3B
Debt / EquityLower = less leverage
0.79×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SLVM
SLVM
VVX
VVX
Q4 25
$198.0M
Q3 25
$146.0M
Q2 25
$183.0M
Q1 25
$220.0M
Q4 24
$309.0M
Q3 24
$414.0M
Q2 24
$213.0M
Q1 24
$218.0M
Total Debt
SLVM
SLVM
VVX
VVX
Q4 25
$763.0M
Q3 25
$778.0M
Q2 25
$767.0M
Q1 25
$794.0M
Q4 24
$782.0M
Q3 24
$883.0M
Q2 24
$894.0M
Q1 24
$921.0M
Stockholders' Equity
SLVM
SLVM
VVX
VVX
Q4 25
$966.0M
$1.1B
Q3 25
$977.0M
$1.1B
Q2 25
$959.0M
$1.1B
Q1 25
$908.0M
$1.0B
Q4 24
$847.0M
$1.0B
Q3 24
$937.0M
$1.0B
Q2 24
$830.0M
$992.0M
Q1 24
$889.0M
$993.7M
Total Assets
SLVM
SLVM
VVX
VVX
Q4 25
$2.8B
$3.3B
Q3 25
$2.7B
$3.2B
Q2 25
$2.7B
$3.1B
Q1 25
$2.6B
$3.1B
Q4 24
$2.6B
$3.2B
Q3 24
$2.9B
$3.1B
Q2 24
$2.7B
$3.2B
Q1 24
$2.6B
$3.1B
Debt / Equity
SLVM
SLVM
VVX
VVX
Q4 25
0.79×
Q3 25
0.80×
Q2 25
0.80×
Q1 25
0.87×
Q4 24
0.92×
Q3 24
0.94×
Q2 24
1.08×
Q1 24
1.04×

Cash Flow & Capital Efficiency

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

Metric
SLVM
SLVM
VVX
VVX
Operating Cash FlowLast quarter
$94.0M
$209.5M
Free Cash FlowOCF − Capex
$38.0M
$207.2M
FCF MarginFCF / Revenue
4.3%
17.0%
Capex IntensityCapex / Revenue
6.3%
0.2%
Cash ConversionOCF / Net Profit
2.85×
9.20×
TTM Free Cash FlowTrailing 4 quarters
$44.0M
$170.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SLVM
SLVM
VVX
VVX
Q4 25
$94.0M
$209.5M
Q3 25
$87.0M
$39.4M
Q2 25
$64.0M
$28.5M
Q1 25
$23.0M
$-95.5M
Q4 24
$164.0M
$223.1M
Q3 24
$163.0M
$62.7M
Q2 24
$115.0M
$25.7M
Q1 24
$27.0M
$-57.2M
Free Cash Flow
SLVM
SLVM
VVX
VVX
Q4 25
$38.0M
$207.2M
Q3 25
$33.0M
$35.0M
Q2 25
$-2.0M
$26.1M
Q1 25
$-25.0M
$-98.2M
Q4 24
$100.0M
$222.0M
Q3 24
$119.0M
$60.5M
Q2 24
$62.0M
$24.9M
Q1 24
$-33.0M
$-65.0M
FCF Margin
SLVM
SLVM
VVX
VVX
Q4 25
4.3%
17.0%
Q3 25
3.9%
3.0%
Q2 25
-0.3%
2.4%
Q1 25
-3.0%
-9.7%
Q4 24
10.3%
19.2%
Q3 24
12.3%
5.6%
Q2 24
6.6%
2.3%
Q1 24
-3.6%
-6.4%
Capex Intensity
SLVM
SLVM
VVX
VVX
Q4 25
6.3%
0.2%
Q3 25
6.4%
0.4%
Q2 25
8.3%
0.2%
Q1 25
5.8%
0.3%
Q4 24
6.6%
0.1%
Q3 24
4.6%
0.2%
Q2 24
5.7%
0.1%
Q1 24
6.6%
0.8%
Cash Conversion
SLVM
SLVM
VVX
VVX
Q4 25
2.85×
9.20×
Q3 25
1.53×
1.60×
Q2 25
4.27×
1.27×
Q1 25
0.85×
-11.78×
Q4 24
2.02×
8.91×
Q3 24
1.72×
4.16×
Q2 24
1.39×
Q1 24
0.63×
-50.02×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SLVM
SLVM

Segment breakdown not available.

VVX
VVX

Army$480.4M39%
Navy$388.9M32%
Air Force$196.1M16%
Other Customers$153.3M13%

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