NYSE : VSTS
Vestis Corporation — Financial statements
Industrials · Rental & Leasing Services · United States
Last price 15.34 USD (Oct 30, 2026, 9:56 AM EDT) · Market cap 2.03B
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Financial statements
Vestis Corporation (VSTS) reported revenue of 2.70B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 2.70B | 2.73B | 2.81B | 2.83B | 2.69B | 2.46B |
| Cost of Revenue | 1.99B | 2.01B | 1.99B | 1.97B | 1.91B | 1.75B |
| Gross Profit | 709.11M | 724.76M | 815.95M | 855.07M | 777.33M | 711.24M |
| Selling, General & Admin | 459.06M | 498.63M | 511.98M | 500.66M | 450.73M | 459.10M |
| Operating Expenses | 596.58M | 641.64M | 652.76M | 637.16M | 585.09M | 592.40M |
| Operating Income | 112.53M | 83.11M | 163.19M | 217.91M | 192.24M | 118.84M |
| Interest Expense | -87.72M | -92.26M | -126.56M | -4.17M | -4.55M | |
| Interest & Investment Income | 2.06M | 1.12M | ||||
| Other Non Operating Income (Expenses) | -12.50M | -13.69M | 642.00K | 2.10M | 2.26M | |
| EBT Excluding Unusual Items | 12.31M | -22.84M | 37.27M | 217.90M | 189.96M | 119.96M |
| Merger & Restructuring Charges | -14.28M | -18.68M | -5.24M | -6.50M | ||
| Gain (Loss) on Sale of Investments | -634.00K | -2.78M | 51.83M | |||
| Asset Writedown | -34.00M | |||||
| Other Unusual Items | 17.90M | |||||
| Pretax Income | -2.61M | -44.31M | 32.03M | 269.73M | 189.96M | 97.36M |
| Income Tax Expense | 2.69M | -4.08M | 11.06M | 56.57M | 48.28M | 23.09M |
| Net Income | -5.30M | -40.22M | 20.97M | 213.16M | 141.68M | 74.27M |
| Net Income to Common | -5.30M | -40.22M | 20.97M | 213.16M | 141.68M | 74.27M |
| Shares Outstanding (Basic) | 131.97M | 131.75M | 131.51M | 130.72M | 130.72M | |
| Shares Outstanding (Diluted) | 131.97M | 131.75M | 131.79M | 130.72M | 130.72M | |
| EPS (Basic) | -0.04 | -0.31 | 0.16 | 1.63 | 1.08 | |
| EPS (Diluted) | -0.05 | -0.31 | 0.16 | 1.63 | 1.08 | |
| Free Cash Flow | 136.41M | 5.77M | 392.88M | 179.11M | 156.40M | 154.20M |
| Free Cash Flow Per Share | 1.03 | 0.04 | 2.98 | 1.37 | 1.20 | |
| Dividend Per Share | 0.07 | 0.14 | ||||
| Gross Margin | 26.30% | 26.50% | 29.08% | 30.26% | 28.93% | 28.95% |
| Operating Margin | 4.17% | 3.04% | 5.82% | 7.71% | 7.16% | 4.84% |
| Profit Margin | -0.20% | -1.47% | 0.75% | 7.54% | 5.27% | 3.02% |
| Free Cash Flow Margin | 5.06% | 0.21% | 14.00% | 6.34% | 5.82% | 6.28% |
| EBITDA | 251.85M | 226.13M | 303.97M | 354.41M | 326.60M | 252.15M |
| EBITDA Margin | 9.34% | 8.27% | 10.83% | 12.54% | 12.16% | 10.26% |
| D&A For EBITDA | 139.32M | 143.02M | 140.78M | 136.50M | 134.35M | 133.31M |
| EBIT | 112.53M | 83.11M | 163.19M | 217.91M | 192.24M | 118.84M |
| EBIT Margin | 4.17% | 3.04% | 5.82% | 7.71% | 7.16% | 4.84% |
| Effective Tax Rate | 34.53% | 20.97% | 25.42% | 23.71% |
Balance sheet
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 57.66M | 29.75M | 31.01M | 36.05M | 23.74M | 41.11M |
| Cash & Short-Term Investments | 57.66M | 29.75M | 31.01M | 36.05M | 23.74M | 41.11M |
| Receivables | 142.95M | 162.29M | 177.27M | 392.92M | 368.71M | 317.28M |
| Inventory | 550.24M | 584.64M | 561.01M | 573.75M | 576.58M | 557.14M |
| Other Current Assets | 80.80M | 73.34M | 43.98M | 17.24M | 18.25M | 16.40M |
| Total Current Assets | 831.64M | 850.03M | 813.27M | 1.02B | 987.28M | 931.92M |
| Property, Plant & Equipment | 724.98M | 748.57M | 744.39M | 722.42M | 722.17M | 740.26M |
| Goodwill | 960.58M | 961.73M | 963.84M | 963.54M | 963.38M | 964.90M |
| Other Intangible Assets | 197.66M | 188.84M | 212.77M | 238.61M | 264.26M | 276.91M |
| Long-Term Accounts Receivable | 107.10M | 104.40M | 99.00M | 95.50M | ||
| Long-Term Deferred Tax Assets | 1.80M | 1.60M | ||||
| Other Long-Term Assets | 36.04M | 48.83M | 196.51M | 108.19M | 96.93M | 98.89M |
| Total Assets | 2.83B | 2.91B | 2.93B | 3.16B | 3.13B | 3.11B |
| Accounts Payable | 128.77M | 158.36M | 163.05M | 134.50M | 167.12M | 133.37M |
| Accrued Expenses | 198.91M | 195.18M | 237.22M | 187.18M | 177.09M | 206.32M |
| Current Portion of Long-Term Debt | 26.25M | |||||
| Current Portion of Leases | 56.29M | 55.42M | 51.23M | 47.59M | 41.38M | 43.63M |
| Other Current Liabilities | 4.60M | 16.60M | ||||
| Total Current Liabilities | 383.97M | 408.96M | 456.10M | 395.52M | 402.19M | 383.32M |
| Long-Term Debt | 1.09B | 1.16B | 1.15B | 1.46B | ||
| Long-Term Leases | 196.42M | 208.10M | 181.44M | 151.30M | 140.80M | 137.95M |
| Long-Term Deferred Tax Liabilities | 184.76M | 177.34M | 191.47M | 217.65M | 201.83M | 184.26M |
| Other Long-Term Liabilities | 101.55M | 91.71M | 52.60M | 52.60M | 52.38M | 70.87M |
| Total Liabilities | 1.95B | 2.04B | 2.03B | 2.28B | 797.20M | 776.40M |
| Common Stock | 1.32M | 1.32M | 1.31M | 908.53M | 2.37B | 2.34B |
| Additional Paid-In Capital | 945.93M | 937.53M | 928.08M | |||
| Retained Earnings | -39.63M | -46.88M | 2.56M | |||
| Comprehensive Income & Other | -29.95M | -26.33M | -28.91M | -31.17M | -31.68M | -11.61M |
| Shareholders' Equity | 877.67M | 865.64M | 903.05M | 877.36M | 2.34B | 2.33B |
| Total Liabilities & Equity | 2.83B | 2.91B | 2.93B | 3.16B | 3.13B | 3.11B |
| Total Debt | 1.34B | 1.42B | 1.38B | 1.69B | 182.18M | 181.58M |
| Net Cash (Debt) | -1.28B | -1.39B | -1.35B | -1.65B | -158.44M | -140.47M |
| Net Cash Per Share | -9.71 | -10.54 | -10.24 | -12.64 | -1.21 | |
| Filing Date Shares Outstanding | 132.16M | 131.87M | 131.53M | 131.43M | ||
| Total Common Shares Outstanding | 132.16M | 131.86M | 131.48M | 131.00M | ||
| Working Capital | 447.68M | 441.07M | 357.17M | 624.44M | 585.09M | 548.60M |
| Book Value Per Share | 6.64 | 6.56 | 6.87 | 6.70 | ||
| Tangible Book Value | -280.57M | -284.93M | -273.57M | -324.79M | 1.11B | 1.09B |
| Tangible Book Value Per Share | -2.12 | -2.16 | -2.08 | -2.48 | ||
| Land | 566.20M | 565.68M | 590.97M | 585.80M | 579.91M | 569.88M |
| Machinery | 1.15B | 1.17B | 1.17B | 1.11B | 1.03B | 982.82M |
Cash flow statement
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -5.30M | -40.22M | 20.97M | 213.16M | 141.68M | 74.27M |
| Depreciation & Amortization | 139.32M | 143.02M | 140.78M | 136.50M | 134.35M | 133.31M |
| Other Amortization | 2.03M | 3.64M | 4.68M | |||
| Loss (Gain) From Sale of Assets | -3.72M | -490.00K | 1.04M | |||
| Asset Writedown & Restructuring Costs | 2.17M | 1.17M | 980.00K | 7.70M | ||
| Loss (Gain) From Sale of Investments | 634.00K | 2.78M | -51.83M | |||
| Stock-Based Compensation | 9.56M | 11.56M | 16.34M | 14.47M | 17.40M | 15.43M |
| Other Operating Activities | 11.88M | -13.40M | -15.69M | 14.37M | 46.79M | 33.86M |
| Change in Accounts Receivable | 31.76M | 14.00M | 215.81M | -23.61M | -53.86M | -30.91M |
| Change in Inventory | 35.47M | -24.37M | 12.99M | 3.60M | -42.86M | 6.51M |
| Change in Accounts Payable | -25.75M | -267.00K | 21.66M | -32.89M | 31.40M | 10.30M |
| Change in Other Net Operating Assets | -6.28M | -33.20M | 52.22M | -24.48M | -42.05M | 1.58M |
| Operating Cash Flow | 191.80M | 64.23M | 471.79M | 256.98M | 232.85M | 244.34M |
| Capital Expenditures | -55.39M | -58.46M | -78.91M | -77.87M | -76.45M | -90.14M |
| Sale of Property, Plant & Equipment | 7.24M | 5.52M | 5.27M | 11.18M | 7.32M | 2.71M |
| Cash Acquisitions | -17.20M | -15.77M | ||||
| Investment in Securities | 867.00K | 37.66M | 51.87M | |||
| Other Investing Activities | -474.00K | -4.54M | 75.00K | 200.00K | 43.00K | |
| Investing Cash Flow | -47.75M | -19.82M | -73.64M | -14.75M | -86.13M | -103.16M |
| Long-Term Debt Issued | 167.00M | 798.00M | 1.50B | |||
| Long-Term Debt Repaid | -195.50M | -1.17B | -27.60M | -28.04M | -29.92M | |
| Net Debt Issued (Repaid) | -110.09M | -28.50M | -370.11M | 1.47B | -28.04M | -29.92M |
| Common Dividends Paid | -13.82M | -19.85M | -1.69B | -134.50M | -95.60M | |
| Other Financing Activities | -679.00K | -3.74M | -13.02M | -13.75M | ||
| Financing Cash Flow | -110.77M | -46.06M | -402.98M | -230.27M | -162.54M | -125.51M |
| Foreign Exchange Rate Adjustments | 633.00K | 383.00K | -218.00K | 353.00K | -1.54M | 1.10M |
| Net Cash Flow | 33.92M | -1.26M | -5.04M | 12.31M | -17.37M | 16.77M |
| Free Cash Flow | 136.41M | 5.77M | 392.88M | 179.11M | 156.40M | 154.20M |
| Free Cash Flow Margin | 5.06% | 0.21% | 14.00% | 6.34% | 5.82% | 6.28% |
| Free Cash Flow Per Share | 1.03 | 0.04 | 2.98 | 1.37 | 1.20 | |
| Levered Free Cash Flow | 69.16M | 4.69M | 390.63M | 147.18M | 141.01M | |
| Unlevered Free Cash Flow | 120.15M | 58.72M | 465.05M | 149.79M | 143.85M | |
| Cash Interest Paid | 84.60M | 93.60M | 96.80M | |||
| Cash Income Tax Paid | 9.70M | 26.50M | 19.10M | 200.00K | ||
| Change in Working Capital | 35.21M | -43.83M | 302.69M | -77.39M | -107.37M | -12.53M |
Ratios
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.94B | 665.79M | 1.99B | 2.52B | ||
| Enterprise Value | 3.22B | 2.05B | 3.58B | 2.70B | ||
| Last Close Price | 14.68 | 5.05 | 15.04 | 19.04 | ||
| PE Ratio | 94.74 | 11.84 | ||||
| Forward PE | 20.30 | 15.41 | 21.17 | |||
| PS Ratio | 0.72 | 0.24 | 0.71 | 0.89 | ||
| PB Ratio | 2.21 | 0.77 | 2.20 | 2.88 | ||
| P/FCF Ratio | 14.22 | 115.41 | 5.06 | 14.09 | ||
| P/OCF Ratio | 10.12 | 10.37 | 4.21 | 9.82 | ||
| PEG Ratio | 1.69 | 1.69 | ||||
| EV/Sales Ratio | 1.19 | 0.75 | 1.28 | 0.96 | ||
| EV/EBITDA Ratio | 12.79 | 9.06 | 11.78 | 7.62 | ||
| EV/EBIT Ratio | 28.63 | 24.66 | 21.93 | 12.39 | ||
| EV/FCF Ratio | 23.61 | 355.21 | 9.11 | 15.08 | ||
| Debt / Equity Ratio | 1.52 | 1.64 | 1.53 | 1.92 | 0.08 | 0.08 |
| Debt / EBITDA Ratio | 4.50 | 5.23 | 3.98 | 4.27 | 0.50 | 0.62 |
| Debt / FCF Ratio | 9.81 | 245.91 | 3.51 | 9.42 | 1.17 | 1.18 |
| Net Debt / Equity Ratio | 1.46 | 1.60 | 1.49 | 1.88 | 0.07 | 0.06 |
| Net Debt / EBITDA Ratio | 5.09 | 6.14 | 4.44 | 4.66 | 0.48 | 0.56 |
| Net Debt / FCF Ratio | 9.39 | 240.76 | 3.44 | 9.22 | 1.01 | 0.91 |
| Asset Turnover | 0.94 | 0.94 | 0.92 | 0.90 | 0.86 | |
| Inventory Turnover | 3.49 | 3.51 | 3.51 | 3.42 | 3.37 | |
| Quick Ratio | 0.52 | 0.47 | 0.46 | 1.08 | 0.98 | 0.94 |
| Current Ratio | 2.17 | 2.08 | 1.78 | 2.58 | 2.46 | 2.43 |
| Return on Equity (ROE) | -0.60% | -4.55% | 2.36% | 13.27% | 6.07% | |
| Return on Assets (ROA) | 2.45% | 1.78% | 3.35% | 4.33% | 3.85% | |
| Return on Invested Capital (ROIC) | 5.17% | 3.69% | 4.47% | 6.86% | 5.77% | 3.67% |
| Return on Capital Employed (ROCE) | 4.60% | 3.30% | 6.60% | 7.90% | 7.00% | 4.40% |
| Earnings Yield | -0.34% | -6.04% | 1.06% | 8.45% | ||
| FCF Yield | 7.03% | 0.87% | 19.78% | 7.10% | ||
| Dividend Yield | 1.39% | 0.93% | ||||
| Payout Ratio | 94.67% | 792.33% | 94.93% | 128.71% | ||
| Buyback Yield / Dilution | -0.22% | 0.03% | -0.81% | |||
| Total Shareholder Return | -0.22% | 1.41% | 0.11% |