A Business at a Glance
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Vestis Corporation, a Delaware Corporation (“Vestis”, the “Company”, “our”, “we” or “us”) is a leading provider of uniform rentals and workplace supplies across the United States and Canada. We provide uniforms, mats, towels, linens, restroom supplies, first-aid supplies, safety products and other workplace supplies. In fiscal year 2025, we generated revenue of approximately $2.7 billion. We are one of the largest companies operating within the United States and Canada in our industry. We have over 75 years of experience providing uniforms and workplace supplies and a broad footprint that supports efficient delivery of our services and products to more than 300,000 customer accounts (based on unique customer identification numbers) across the United States and Canada. Our customer base participates in a wide variety of industries including manufacturing, hospitality, retail, food processing, pharmaceuticals, healthcare and automotive.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Revenue | 0 | 2.7B | 2.8B | 2.8B | 2.7B |
| Net Income | 0 | -40M | 21M | 213M | 142M |
| EPS | $0.00 | $-0.31 | $0.16 | $1.63 | $1.08 |
| Free Cash Flow | 0 | 5.8M | 393M | 179M | 156M |
| ROIC | - | 3.2% | 5.1% | - | - |
| Gross Margin | - | 26.5% | 29.1% | 30.3% | 28.9% |
| Debt/Equity | 0.00 | 1.33 | 1.27 | - | - |
| Dividends/Share | $0.00 | $0.04 | $0.04 | $0.00 | $0.00 |
| Operating Income | 0 | 64M | 158M | 218M | 192M |
| Operating Margin | 0.0% | 2.4% | 5.6% | 7.7% | 7.2% |
| ROE | 0.0% | -4.5% | 2.3% | - | - |
| Shares Outstanding | 132M | 130M | 131M | 131M | 131M |
| Metric | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | 2.7B | 2.8B | 2.8B | 2.7B | 0 |
| Gross Margin | 28.9% | 30.3% | 29.1% | 26.5% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A |
| SG&A | 451M | 501M | 517M | 517M | 517M |
| EBIT | 192M | 218M | 158M | 64M | 0 |
| Op. Margin | 7.2% | 7.7% | 5.6% | 2.4% | 0.0% |
| Net Income | 142M | 213M | 21M | -40M | 0 |
| Net Margin | 5.3% | 7.5% | 0.7% | -1.5% | 0.0% |
| Non-Recurring | 0 | 15M | 5.1M | 20M | 20M |
| Returns on Capital | |||||
| ROIC | N/A | N/A | 5.1% | 3.2% | N/A |
| ROE | N/A | N/A | 2.3% | -4.5% | 0.0% |
| ROA | N/A | N/A | 0.7% | -1.4% | 0.0% |
| Cash Flow | |||||
| Op. Cash Flow | 233M | 257M | 472M | 64M | 0 |
| Free Cash Flow | 156M | 179M | 393M | 5.8M | 0 |
| Owner Earnings | 81M | 106M | 315M | -90M | -155M |
| CapEx | 76M | 78M | 79M | 58M | 0 |
| Maint. CapEx | 134M | 137M | 141M | 143M | 143M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 |
| D&A | 134M | 137M | 141M | 143M | 143M |
| CapEx/OCF | N/A | 30.3% | 16.7% | 91.0% | 0.0% |
| Capital Allocation | |||||
| Dividends Paid | 0 | 0 | 14M | 14M | 0 |
| Dividend Yield | N/A | N/A | 0.7% | 1.1% | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 17M | 14M | 16M | 12M | 12M |
| Debt Repayment | 0 | 0 | 1.1B | 161M | 161M |
| Balance Sheet | |||||
| Net Debt | -24M | N/A | 1.1B | 1.1B | 0 |
| Cash & Equiv. | 24M | N/A | 31M | 30M | N/A |
| Long-Term Debt | 0 | N/A | 1.1B | 1.2B | 1.2B |
| Debt/Equity | N/A | N/A | 1.27 | 1.33 | 0.00 |
| Interest Coverage | 60.0 | 52.2 | 1.6 | 0.7 | 0.7 |
| Equity | N/A | N/A | 903M | 866M | 0 |
| Total Assets | N/A | N/A | 2.9B | 2.9B | 0 |
| Total Liabilities | N/A | N/A | 2.0B | 2.0B | 2.0B |
| Intangibles | N/A | N/A | 213M | 189M | 182M |
| Retained Earnings | N/A | N/A | 2.6M | -47M | -47M |
| Working Capital | 4.8M | N/A | 331M | 441M | 441M |
| Current Assets | 2.6M | N/A | 787M | 850M | 850M |
| Current Liabilities | -2.2M | N/A | 456M | 409M | 409M |
| Per Share Data | |||||
| EPS | 1.08 | 1.63 | 0.16 | -0.31 | 0.00 |
| Owner EPS | 0.62 | 0.81 | 2.40 | -0.70 | -1.17 |
| Book Value | N/A | N/A | 6.89 | 6.67 | 0.00 |
| Cash Flow/Share | 1.77 | 1.97 | 3.60 | 0.50 | 1.08 |
| Dividends/Share | 0.00 | 0.00 | 0.04 | 0.04 | 0.00 |
| Shares Out. | 131.2M | 130.8M | 131.1M | 129.8M | 131.9M |
| Valuation | |||||
| P/E Ratio | N/A | 8.8 | 87.9 | N/A | N/A |
| P/FCF | N/A | 10.5 | 4.7 | 121.0 | N/A |
| EV/EBIT | N/A | 15.2 | 18.9 | 28.9 | N/A |
| Price/Book | N/A | 2.1 | 2.0 | 0.8 | N/A |
| Price/Sales | N/A | 0.7 | 0.7 | 0.4 | N/A |
| FCF Yield | N/A | 9.5% | 21.3% | 0.8% | N/A |
| Market Cap | N/A | 1.9B | 1.8B | 698M | 1.2B |
| Avg. Price | N/A | 15.61 | 15.97 | 9.31 | 8.83 |
| Year-End Price | N/A | 14.36 | 14.06 | 5.38 | 8.83 |
Vestis Corp passes 2 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 25.9x vs a median of 7.6x. The company's 5-year average ROIC is 4.2% with a gross margin of 28.7%. Total shareholder yield (dividends) is 0.4%. At current prices, the estimated annualized return to fair value is -11.2%.
Vestis Corp (VSTS) has a 5-year average return on invested capital (ROIC) of 4.2%. This is below average and may indicate limited pricing power.
Vestis Corp (VSTS) has a market capitalization of $1.2B. It is classified as a small-cap stock.
Yes, Vestis Corp (VSTS) pays a dividend with a trailing twelve-month yield of 0.40%.
Vestis Corp (VSTS) operates in the Wholesale-Miscellaneous Nondurable Goods industry, within the Consumer Defensive sector.
Vestis Corp (VSTS) reported annual revenue of $2.7 billion in its most recent fiscal year, based on SEC EDGAR filings.
Vestis Corp (VSTS) has a net profit margin of -1.5%. The company is currently unprofitable.
Vestis Corp (VSTS) generated $6 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Vestis Corp (VSTS) has a debt-to-equity ratio of 1.33. This indicates moderate leverage.
Vestis Corp (VSTS) reported earnings per share (EPS) of $-0.31 in its most recent fiscal year.
Vestis Corp (VSTS) has a return on equity (ROE) of -4.5%. A negative ROE may indicate losses or negative equity.
Vestis Corp (VSTS) has a 5-year average gross margin of 28.7%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 4 years of financial data for Vestis Corp (VSTS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Vestis Corp (VSTS) has a book value per share of $6.67, based on its most recent annual SEC filing.
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