Vestis Corporation Financials
This page shows Vestis Corporation (VSTS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Vestis Corporation has an operating margin of 2.4%, meaning the company retains $2 of operating profit per $100 of revenue. This below-average margin results in a low score of 12/100, suggesting thin profitability after operating expenses. This is down from 5.6% the prior year.
Vestis Corporation's revenue declined 2.5% year-over-year, from $2.8B to $2.7B. This contraction results in a growth score of 21/100.
Vestis Corporation has a moderate D/E ratio of 1.33. This balance of debt and equity financing earns a leverage score of 62/100.
With a current ratio of 2.17, Vestis Corporation holds $2.17 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 67/100.
While Vestis Corporation generated $64.2M in operating cash flow, capex of $58.5M consumed most of it, leaving $5.8M in free cash flow. This results in a low score of 1/100, reflecting heavy capital investment rather than weak cash generation.
Vestis Corporation scores 1.49, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Vestis Corporation passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Vestis Corporation generates $-1.60 in operating cash flow ($64.2M OCF vs -$40.2M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Vestis Corporation earns $0.7 in operating income for every $1 of interest expense ($64.4M vs $93.6M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Vestis Corporation generated $2.7B in revenue in fiscal year 2025. This represents a decrease of 2.5% from the prior year.
Vestis Corporation's EBITDA was $207.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 30.6% from the prior year.
Vestis Corporation generated $5.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 98.5% from the prior year.
Vestis Corporation reported -$40.2M in net income in fiscal year 2025. This represents a decrease of 291.8% from the prior year.
Vestis Corporation earned $-0.31 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 293.7% from the prior year.
Vestis Corporation held $41.5M in cash against $1.1B in long-term debt as of fiscal year 2025.
Vestis Corporation paid $0.04 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Vestis Corporation had 132M shares outstanding in fiscal year 2025. This represents an increase of 0.3% from the prior year.
Vestis Corporation's gross margin was 26.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.6 percentage points from the prior year.
Vestis Corporation's operating margin was 2.4% in fiscal year 2025, reflecting core business profitability. This is down 3.3 percentage points from the prior year.
Vestis Corporation's net profit margin was -1.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2.2 percentage points from the prior year.
Vestis Corporation invested $58.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 25.9% from the prior year.
VSTS Income Statement
| Metric | Q1'26 | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $663K | N/A | $673.8M+1.3% | $665.2M-2.7% | $683.8M-2.1% | $698.2M-1.0% | $705.4M-1.7% | $717.9M |
| Cost of Revenue | $492K | N/A | $491.7M+0.3% | $490.0M-1.1% | $495.3M-0.1% | $495.8M-1.7% | $504.4M+0.4% | $502.4M |
| Gross Profit | $171K | N/A | $182.1M+3.9% | $175.3M-7.0% | $188.5M-6.9% | $202.5M+0.8% | $201.0M-6.8% | $215.5M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $120K | N/A | $122.3M-17.3% | $147.9M+22.1% | $121.2M-6.8% | $130.0M+6.0% | $122.7M-7.5% | $132.6M |
| Operating Income | $17K | N/A | $25.0M+391.3% | -$8.6M-128.2% | $30.4M-19.0% | $37.5M-12.8% | $43.1M-9.5% | $47.6M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $2K | N/A | -$73K+98.9% | -$6.4M-998.6% | $708K-77.2% | $3.1M+30.5% | $2.4M-47.9% | $4.6M |
| Net Income | $6K | N/A | -$676K+97.6% | -$27.8M-3445.0% | $832K-83.5% | $5.0M-15.6% | $6.0M-51.4% | $12.3M |
| EPS (Diluted) | $0.05 | N/A | $-0.01+95.2% | $-0.21-2200.0% | $0.01-75.0% | $0.04-20.0% | $0.05-44.4% | $0.09 |
VSTS Balance Sheet
| Metric | Q1'26 | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.9M-99.9% | $2.9B0.0% | $2.9B+0.3% | $2.9B-0.3% | $2.9B-0.9% | $2.9B-6.1% | $3.1B-1.3% | $3.2B |
| Current Assets | $853K-99.9% | $850.0M+3.6% | $820.6M+0.4% | $817.3M+0.9% | $809.6M-0.5% | $813.3M-19.1% | $1.0B-2.2% | $1.0B |
| Cash & Equivalents | $42K-99.9% | $29.7M+25.3% | $23.7M-17.6% | $28.8M+55.2% | $18.6M-40.1% | $31.0M+1.1% | $30.7M-37.2% | $48.9M |
| Inventory | $169K-99.9% | $179.0M-4.3% | $187.0M-6.3% | $199.7M+17.4% | $170.0M+3.1% | $164.9M+17.0% | $140.9M-6.0% | $149.9M |
| Accounts Receivable | $153K-99.9% | $162.3M-7.7% | $175.8M+8.3% | $162.4M-13.3% | $187.2M+5.6% | $177.3M-56.3% | $406.0M+0.7% | $403.3M |
| Goodwill | $963K-99.9% | $961.7M-0.1% | $963.0M+0.3% | $960.0M0.0% | $959.6M-0.4% | $963.8M0.0% | $963.7M-0.2% | $965.3M |
| Total Liabilities | $2.0M-99.9% | $2.0B+0.8% | $2.0B+0.2% | $2.0B+1.3% | $2.0B-1.6% | $2.0B-8.6% | $2.2B-1.6% | $2.3B |
| Current Liabilities | $392K-99.9% | $409.0M-8.3% | $445.9M+2.0% | $437.2M-2.6% | $448.7M-1.6% | $456.1M+14.0% | $400.2M+1.6% | $393.8M |
| Long-Term Debt | $1.1M-99.9% | $1.2B-0.1% | $1.2B-0.2% | $1.2B+2.7% | $1.1B-1.7% | $1.1B-18.6% | $1.4B-3.0% | $1.5B |
| Total Equity | $864K-99.9% | $865.6M-1.9% | $882.2M+0.7% | $876.3M-2.6% | $899.6M-0.4% | $903.1M+0.3% | $900.7M-0.4% | $904.2M |
| Retained Earnings | $53K+100.1% | -$46.9M-36.6% | -$34.3M-2.0% | -$33.7M-2674.4% | -$1.2M-147.3% | $2.6M-71.6% | $9.0M+17.8% | $7.7M |
VSTS Cash Flow Statement
| Metric | Q1'26 | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $38K-99.9% | $30.9M+35.3% | $22.9M+243.4% | $6.7M+76.1% | $3.8M-98.7% | $295.6M+288.7% | $76.0M+47.6% | $51.5M |
| Capital Expenditures | $9K-99.9% | $15.4M+3.4% | $14.9M+10.0% | $13.5M-8.3% | $14.7M-47.6% | $28.1M+118.4% | $12.9M-24.0% | $16.9M |
| Free Cash Flow | $28K-99.8% | $15.6M+94.5% | $8.0M+216.8% | -$6.9M+37.4% | -$11.0M-104.1% | $267.5M+323.5% | $63.2M+82.8% | $34.6M |
| Investing Cash Flow | $9K+100.1% | -$14.3M+2.9% | -$14.7M-70.1% | -$8.7M-148.5% | $17.9M+178.1% | -$22.8M-77.5% | -$12.9M+24.0% | -$16.9M |
| Financing Cash Flow | $17K+100.2% | -$10.9M+13.7% | -$12.7M-204.2% | $12.2M+135.2% | -$34.6M+87.2% | -$270.7M-232.0% | -$81.5M-276.6% | -$21.6M |
| Dividends Paid | $5K | $0 | $0-100.0% | $4.6M+0.2% | $4.6M0.0% | $4.6M0.0% | $4.6M | $0 |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
VSTS Financial Ratios
| Metric | Q1'26 | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 25.8% | N/A | 27.0%+0.7pp | 26.3%-1.2pp | 27.6%-1.4pp | 29.0%+0.5pp | 28.5%-1.5pp | 30.0% |
| Operating Margin | 2.5% | N/A | 3.7%+5.0pp | -1.3%-5.7pp | 4.5%-0.9pp | 5.4%-0.7pp | 6.1%-0.5pp | 6.6% |
| Net Margin | 1.0% | N/A | -0.1%+4.1pp | -4.2%-4.3pp | 0.1%-0.6pp | 0.7%-0.1pp | 0.9%-0.9pp | 1.7% |
| Return on Equity | 0.7% | N/A | N/A | N/A | 0.1%-0.5pp | 0.6%-0.1pp | 0.7%-0.7pp | 1.4% |
| Return on Assets | 0.2% | N/A | -0.0%+0.9pp | -1.0%-1.0pp | 0.0%-0.1pp | 0.2%-0.0pp | 0.2%-0.2pp | 0.4% |
| Current Ratio | 2.17+0.1 | 2.08+0.2 | 1.84-0.0 | 1.87+0.1 | 1.80+0.0 | 1.78-0.7 | 2.51-0.1 | 2.61 |
| Debt-to-Equity | 1.330.0 | 1.33+0.0 | 1.31-0.0 | 1.32+0.1 | 1.25-0.0 | 1.27-0.3 | 1.57-0.0 | 1.61 |
| FCF Margin | 4.3% | N/A | 1.2%+2.2pp | -1.0%+0.6pp | -1.6%-5.6pp | 4.0%-5.0pp | 8.9%+4.1pp | 4.8% |
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Frequently Asked Questions
What is Vestis Corporation's annual revenue?
Vestis Corporation (VSTS) reported $2.7B in total revenue for fiscal year 2025. This represents a -2.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Vestis Corporation's revenue growing?
Vestis Corporation (VSTS) revenue declined by 2.5% year-over-year, from $2.8B to $2.7B in fiscal year 2025.
Is Vestis Corporation profitable?
No, Vestis Corporation (VSTS) reported a net income of -$40.2M in fiscal year 2025, with a net profit margin of -1.5%.
What is Vestis Corporation's earnings per share (EPS)?
Vestis Corporation (VSTS) reported diluted earnings per share of $-0.31 for fiscal year 2025. This represents a -293.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Vestis Corporation's EBITDA?
Vestis Corporation (VSTS) had EBITDA of $207.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Vestis Corporation have?
As of fiscal year 2025, Vestis Corporation (VSTS) had $41.5M in cash and equivalents against $1.1B in long-term debt.
What is Vestis Corporation's gross margin?
Vestis Corporation (VSTS) had a gross margin of 26.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Vestis Corporation's operating margin?
Vestis Corporation (VSTS) had an operating margin of 2.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Vestis Corporation's net profit margin?
Vestis Corporation (VSTS) had a net profit margin of -1.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Vestis Corporation pay dividends?
Yes, Vestis Corporation (VSTS) paid $0.04 per share in dividends during fiscal year 2025.
What is Vestis Corporation's free cash flow?
Vestis Corporation (VSTS) generated $5.8M in free cash flow during fiscal year 2025. This represents a -98.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Vestis Corporation's operating cash flow?
Vestis Corporation (VSTS) generated $64.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Vestis Corporation's total assets?
Vestis Corporation (VSTS) had $2.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Vestis Corporation's capital expenditures?
Vestis Corporation (VSTS) invested $58.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How many shares does Vestis Corporation have outstanding?
Vestis Corporation (VSTS) had 132M shares outstanding as of fiscal year 2025.
What is Vestis Corporation's current ratio?
Vestis Corporation (VSTS) had a current ratio of 2.17 as of fiscal year 2025, which is generally considered healthy.
What is Vestis Corporation's debt-to-equity ratio?
Vestis Corporation (VSTS) had a debt-to-equity ratio of 1.33 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Vestis Corporation's return on assets (ROA)?
Vestis Corporation (VSTS) had a return on assets of -1.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Vestis Corporation's Altman Z-Score?
Vestis Corporation (VSTS) has an Altman Z-Score of 1.49, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Vestis Corporation's Piotroski F-Score?
Vestis Corporation (VSTS) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Vestis Corporation's earnings high quality?
Vestis Corporation (VSTS) has an earnings quality ratio of -1.60x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Vestis Corporation cover its interest payments?
Vestis Corporation (VSTS) has an interest coverage ratio of 0.7x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Vestis Corporation?
Vestis Corporation (VSTS) scores 33 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.