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VSTS

Vestis Corporation

VSTS

Vestis Corporation • NYSE
$6.51 ▲ 1.09% (+0.07)
Market Cap $858.28 M
52w High $17.83
52w Low $3.98
Dividend Yield 0.07%
P/E -28.3
Volume 1.00M
Outstanding Shares 131.84M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $673.799M ▲ $157.157M ▼ $-676K ▲ -0.1% ▲ $-0.01 ▲ $56.602M ▲
Q2-2025 $665.249M ▼ $183.828M ▲ $-27.83M ▼ -4.183% ▼ $-0.21 ▼ $24.019M ▼
Q1-2025 $683.78M ▼ $158.121M ▼ $832K ▲ 0.122% ▲ $0.006 ▲ $61.573M ▼
Q4-2024 $684.281M ▼ $167.19M ▲ $-2.298M ▼ -0.336% ▼ $-0.018 ▼ $65.699M ▼
Q3-2024 $698.248M $164.966M $5.037M 0.721% $0.038 $72.448M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $23.743M ▼ $2.908B ▲ $2.026B ▲ $882.228M ▲
Q2-2025 $28.806M ▲ $2.899B ▲ $2.023B ▲ $876.274M ▼
Q1-2025 $18.564M ▼ $2.897B ▼ $1.998B ▼ $899.59M ▼
Q4-2024 $31.01M ▲ $2.932B ▼ $2.029B ▼ $903.051M ▲
Q3-2024 $29.098M $3.146B $2.244B $901.177M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-676K ▲ $22.864M ▲ $-14.722M ▼ $-12.678M ▼ $-5.063M ▼ $51.106M ▲
Q2-2025 $-27.83M ▼ $6.658M ▲ $-8.653M ▼ $12.171M ▲ $10.242M ▲ $-6.852M ▲
Q1-2025 $832K ▲ $3.78M ▼ $17.854M ▲ $-34.61M ▲ $-12.446M ▼ $-10.952M ▼
Q4-2024 $-2.298M ▼ $295.588M ▲ $-22.849M ▼ $-270.666M ▼ $1.912M ▲ $267.47M ▲
Q3-2024 $5.037M $48.658M $-20.962M $-29.148M $-1.561M $27.696M

Five-Year Company Overview

Income Statement

Income Statement Vestis shows a solid, but not spectacular, revenue base with only modest growth over the last few years and a small step back most recently. Profitability at the operating level is positive, but margins have come under pressure, and reported net income dropped sharply in the latest year. That pattern suggests higher interest costs and standalone spin-off expenses weighing on bottom-line results, even though the core service business still generates healthy gross profit. Overall, the income statement looks like a stable, recurring-revenue business going through a transition period, with a clear need to rebuild margin and earnings momentum.

Balance Sheet

Balance Sheet The balance sheet reflects a classic spin-off profile: a steady asset base but a much heavier debt load and thinner equity cushion than before. Cash on hand is quite small, which limits financial flexibility and raises sensitivity to any downturn or operational hiccups. Debt is now a central feature of the capital structure, making interest costs and refinancing terms important ongoing risks to watch. On the positive side, total assets have held fairly steady, implying no obvious deterioration in the underlying physical network and customer-serving infrastructure.

Cash Flow

Cash Flow Cash flow is a relative bright spot. Despite the pressure on reported earnings, cash generated from daily operations has been trending upward over time, and free cash flow after investment needs has improved as well. Capital spending appears disciplined and consistent, supporting the network without overextending. This pattern suggests the business converts its revenue into cash reasonably well, which can help gradually manage down debt, although the low cash balance makes careful working capital and capital allocation discipline essential.

Competitive Edge

Competitive Edge Vestis operates in a scale-driven, service-heavy industry where large networks and long-term contracts matter. Its legacy footprint from Aramark—plants, routes, and customer relationships across many industries—gives it meaningful size and a broad, diversified customer base. The recurring, contract-based model and bundled offering of uniforms plus workplace supplies help create stickiness and reduce customer churn. However, it competes against very strong incumbents, so maintaining service quality, pricing discipline, and operational efficiency will be crucial to preserving and strengthening its position.

Innovation and R&D

Innovation and R&D Innovation at Vestis is pragmatic and operational rather than lab-based. The company is leaning into digital tools—telematics for fleets, advanced inventory tracking, upgraded planning systems, customer portals, and analytics—to squeeze more efficiency and responsiveness out of a traditional route-based business. It also has differentiated offerings in specialized areas like cleanroom garments and tracking technologies, where technical requirements and service standards are higher. A new digital-focused leadership team signals intent to accelerate this transformation, but the value will depend on execution and on successfully pushing more customers into higher-margin, tech-enabled services and value-based pricing.

Summary

Vestis is a newly independent, recurring-revenue service business with an established network and long operating history, now navigating the early stages of life as a standalone public company. The core operations look stable and cash-generative, but the income statement is feeling the weight of higher interest and spin-related costs, and the balance sheet is geared with relatively high debt and limited cash. Its competitive strengths lie in scale, multi-year contracts, diversified industries, and specialized service niches, while its main challenges are leverage, margin pressure, and strong peers. The future story will be largely about execution: can management use digital tools, pricing strategies, and higher-margin services to lift profitability and gradually improve the company’s financial resilience.

NEWS

November 18, 2025 · 7:30 AM UTC

Vestis Announces Date for Fiscal Fourth Quarter and Full Year 2025 Results Conference Call and Webcast

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November 5, 2025 · 5:28 PM UTC

Shamis & Gentile, P.A. Announces Investigation of Breaches of Fiduciary Duties by the Directors and Officers of Vestis Corporation -- VSTS

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October 27, 2025 · 7:22 PM UTC

HALPER SADEH LLC ENCOURAGES VESTIS CORPORATION SHAREHOLDERS TO CONTACT THE FIRM TO DISCUSS THEIR RIGHTS

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October 27, 2025 · 12:40 PM UTC

Halper Sadeh LLC Encourages Vestis Corporation Shareholders to Contact the Firm to Discuss Their Rights

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October 23, 2025 · 6:23 PM UTC

VESTIS INVESTIGATION ALERT: Bragar Eagel & Squire, P.C. Continues Investigation into Vestis Corporation on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

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