Vestis Corporation (VSTS) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 14, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q3 FY2026, filed Aug 11, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the VSTS SEC filings page.
Vestis Corporation (VSTS) reported $2.7B in revenue over the twelve months to Jul 3, 2026, down 0.4% from the prior twelve months. This page shows its 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).
Near-flat sales now produce little cash because margin compression and interest costs have squeezed earnings and reinvestment capacity.
FY2024's cash conversion was far stronger than its reported profit, then nearly disappeared in FY2025 as operating cash flow fell sharply; that pattern points to temporary working-capital or noncash support rather than repeatable earnings conversion.
The core margin structure weakened: gross margin fell from
FY2025 interest expense of
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Vestis Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Vestis Corporation has an operating margin of 2.4%, meaning the company retains $2 of operating profit per $100 of revenue. This results in a moderate score of 52/100, indicating healthy but not exceptional operating efficiency. 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 26/100.
Vestis Corporation has elevated debt relative to equity (D/E of 1.33), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 11/100, reflecting increased financial risk.
Vestis Corporation's current ratio of 2.08 indicates adequate short-term liquidity, earning a score of 61/100. The company can meet its near-term obligations, though with limited headroom.
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 48/100, reflecting heavy capital investment rather than weak cash generation.
Vestis Corporation posts a -4.7% return on equity (ROE), meaning it loses $5 for every $100 of shareholders' equity. This results in a returns score of 51/100. This is down from 2.3% the prior year.
Vestis Corporation scores 1.72, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
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.
Vestis Corporation reported a net loss of $40.2M while generating $64.2M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Vestis Corporation earns $0.69 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
Earnings & Revenue
Vestis Corporation generated $661.7M in revenue in Q3 2026. This represents a decrease of 1.8% from the same quarter a year earlier. Against the prior quarter it is up 0.3%.
Vestis Corporation's EBITDA was $70.5M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 17.9% from the same quarter a year earlier. Against the prior quarter it is up 15.0%.
Vestis Corporation reported $11.0M in net income in Q3 2026. This represents an increase of 1734.0% from the same quarter a year earlier. Against the prior quarter it is up 325.5%.
Vestis Corporation earned $0.08 per diluted share (EPS) in Q3 2026. Against the prior quarter it is up 300.0%.
Cash & Balance Sheet
Vestis Corporation generated $47.0M in free cash flow in Q3 2026, representing cash available after capex. This represents an increase of 487.0% from the same quarter a year earlier. Against the prior quarter it is up 3.1%.
Vestis Corporation held $57.7M in cash against $1.1B in long-term debt as of Q3 2026.
Not reported for Q3 2026.
Margins & Returns
Vestis Corporation's gross margin was 28.0% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is up 1.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.7 percentage points.
Vestis Corporation's operating margin was 5.6% in Q3 2026, reflecting core business profitability. This is up 1.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.6 percentage points.
Vestis Corporation's net profit margin was 1.7% in Q3 2026, showing the share of revenue converted to profit. This is up 1.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.3 percentage points.
Vestis Corporation's ROE was 1.3% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is up 1.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.0 percentage points.
Capital Allocation
Vestis Corporation invested $18.0M in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 20.8% from the same quarter a year earlier. Against the prior quarter it is up 41.5%.
Not reported for Q3 2026.
Not reported for Q3 2026.
VSTS Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $661.7M-1.8% | $659.4M-0.9% | $663.4M-3.0% | $712.0M+4.1% | $673.8M-3.5% | $665.2M-5.7% | $683.8M-4.8% | $684.3M-4.4% |
| Cost of Revenue | $476.3M-3.1% | $485.8M-0.9% | $492.2M-0.6% | $533.1M+9.4% | $491.7M-0.8% | $490.0M-2.9% | $495.3M-1.4% | $487.3M-0.6% |
| Gross Profit | $185.4M+1.8% | $173.7M-0.9% | $171.2M-9.2% | $178.9M-9.2% | $182.1M-10.1% | $175.3M-12.8% | $188.5M-12.5% | $197.0M-12.8% |
| SG&A Expenses | $114.9M-6.1% | $112.3M-24.1% | $120.3M-0.8% | $125.9M-4.6% | $122.3M-6.0% | $147.9M+20.6% | $121.2M-8.6% | $131.9M-1.0% |
| Operating Income | $37.2M+49.2% | $26.8M+412.5% | $16.6M-45.5% | $17.6M-40.8% | $25.0M-33.5% | -$8.6M-119.9% | $30.4M-36.1% | $29.8M-48.5% |
| EBITDA | $70.5M+17.9% | $61.3M+124.6% | $50.9M-24.4% | $53.0M-18.6% | $59.8M-17.4% | $27.3M-65.1% | $67.3M-18.8% | $65.1M-29.7% |
| Interest Expense | $20.1M-10.6% | $21.1M-5.7% | $22.2M-3.9% | $25.7M+29759.3% | $22.5M-24.7% | $22.3M-36.8% | $23.1M-26.7% | $86K |
| Income Tax | $3.3M+4617.8% | -$85K+98.7% | -$2.2M-406.2% | $1.6M+60.1% | -$73K-102.4% | -$6.4M-367.8% | $708K-84.5% | $1.0M-93.3% |
| Net Income | $11.0M+1734.0% | $2.6M+109.3% | -$6.4M-868.1% | -$12.5M-446.1% | -$676K-113.4% | -$27.8M-566.6% | $832K-93.2% | -$2.3M-102.4% |
| EPS (Basic) | $0.08+900.0% | $0.02+109.5% | -$0.05-600.0% | -$0.10-400.0% | -$0.01-125.0% | -$0.21-520.0% | $0.01-88.9% | -$0.02-102.8% |
| EPS (Diluted) | $0.08 | $0.02+109.5% | -$0.05 | -$0.10-400.0% | -$0.01 | -$0.21-520.0% | $0.01 | -$0.02-102.8% |
| Diluted Shares (Avg) | 134M | 133M+1.0% | 132M | N/A | 132M | 132M-0.1% | 132M | N/A |
Not reported in any period shown, so not listed: R&D Expenses.
VSTS Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.8B-2.6% | $2.9B-1.2% | $2.9B-0.8% | $2.9B-0.9% | $2.9B-7.6% | $2.9B-6.9% | $2.9B-8.1% | $2.9B-7.1% |
| Current Assets | $831.6M+1.3% | $850.7M+4.1% | $853.1M+5.4% | $850.0M+4.5% | $820.6M-19.5% | $817.3M-18.7% | $809.6M-21.2% | $813.3M-20.3% |
| Cash & Equivalents | $57.7M+142.8% | $50.3M+74.8% | $41.5M+123.8% | $29.7M-4.1% | $23.7M-18.4% | $28.8M-6.0% | $18.6M-62.0% | $31.0M-14.0% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $158.9M-15.0% | $175.0M-12.4% | $169.1M-0.5% | $179.0M+8.6% | $187.0M+21.8% | $199.7M+41.7% | $170.0M+13.4% | $164.9M-5.6% |
| Accounts Receivable | $143.0M-18.7% | $149.5M-7.9% | $153.0M-18.3% | $162.3M-8.4% | $175.8M-57.1% | $162.4M-60.0% | $187.2M-53.6% | $177.3M-54.9% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $960.6M-0.3% | $961.8M+0.2% | $962.8M+0.3% | $961.7M-0.2% | $963.0M0.0% | $960.0M-0.4% | $959.6M-0.6% | $963.8M0.0% |
| Total Liabilities | $2.0B-3.6% | $2.0B-0.8% | $2.0B+1.1% | $2.0B+0.6% | $2.0B-9.7% | $2.0B-8.9% | $2.0B-11.5% | $2.0B-11.0% |
| Current Liabilities | $384.0M-13.9% | $398.8M-8.8% | $392.2M-12.6% | $409.0M-10.3% | $445.9M+3.7% | $437.2M+9.2% | $448.7M+13.9% | $456.1M+15.3% |
| Non-Current Liabilities | $1.6B-0.7% | $1.6B+1.4% | $1.6B+5.1% | $1.6B+3.8% | $1.6B-12.9% | $1.6B-12.9% | $1.5B-16.9% | $1.6B-16.5% |
| Long-Term Debt | $1.1B-6.1% | $1.1B-3.8% | $1.1B+1.8% | $1.2B+0.6% | $1.2B-17.1% | $1.2B-17.9% | $1.1B-22.4% | $1.1B-21.5% |
| Total Equity | $877.7M-0.5% | $867.2M-1.0% | $864.4M-3.9% | $865.6M-4.1% | $882.2M-2.1% | $876.3M-2.7% | $899.6M-0.5% | $903.1M+2.9% |
| Retained Earnings | -$39.6M-15.4% | -$50.7M-50.6% | -$53.3M-4291.6% | -$46.9M-1927.6% | -$34.3M-462.7% | -$33.7M-472.6% | -$1.2M-115.8% | $2.6M |
VSTS Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $64.9M+184.0% | $58.3M+774.9% | $37.7M+897.0% | $30.9M-89.5% | $22.9M-53.0% | $6.7M-91.2% | $3.8M-92.7% | $295.6M+161.5% |
| Depreciation & Amortization | $33.3M-4.5% | $34.6M-3.7% | $34.3M-7.0% | $35.3M+0.2% | $34.9M-0.2% | $35.9M+1.9% | $36.9M+4.5% | $35.3M+1.4% |
| Stock-Based Compensation | $3.3M+253.0% | $3.4M-57.7% | $2.3M-54.8% | N/A | -$2.1M-155.7% | $8.0M+68.6% | $5.2M+9.8% | N/A |
| Capital Expenditures | $18.0M+20.8% | $12.7M-6.1% | $9.4M-36.3% | $15.4M-45.4% | $14.9M-29.1% | $13.5M+4.9% | $14.7M-13.1% | $28.1M+11.5% |
| Free Cash Flow | $47.0M+487.0% | $45.6M+764.9% | $28.3M+358.4% | $15.6M-94.2% | $8.0M-71.1% | -$6.9M-110.8% | -$11.0M-131.7% | $267.5M+204.6% |
| Investing Cash Flow | -$18.2M-23.6% | -$6.1M+29.0% | -$9.1M-151.1% | -$14.3M+37.4% | -$14.7M+29.8% | -$8.7M+32.8% | $17.9M+205.3% | -$22.8M-185.1% |
| Financing Cash Flow | -$39.7M-213.5% | -$43.5M-457.8% | -$16.5M+52.2% | -$10.9M+96.0% | -$12.7M+56.5% | $12.2M+114.9% | -$34.6M-59.9% | -$270.7M-129.8% |
| Dividends Paid | $0 | $0-100.0% | $0-100.0% | $0-100.0% | $0-100.0% | $4.6M+0.2% | $4.6M | $4.6M |
Not reported in any period shown, so not listed: Share Buybacks.
VSTS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 28.0%+1.0pp | 26.3%0.0pp | 25.8%-1.8pp | 25.1%-3.7pp | 27.0%-2.0pp | 26.3%-2.1pp | 27.6%-2.5pp | 28.8%-2.8pp |
| Operating Margin | 5.6%+1.9pp | 4.1%+5.3pp | 2.5%-1.9pp | 2.5%-1.9pp | 3.7%-1.7pp | -1.3%-7.4pp | 4.5%-2.2pp | 4.3%-3.7pp |
| Net Margin | 1.7%+1.8pp | 0.4%+4.6pp | -1.0%-1.1pp | -1.8%-1.4pp | -0.1%-0.8pp | -4.2%-5.0pp | 0.1%-1.6pp | -0.3%-13.5pp |
| Return on Equity | 1.3%+1.3pp | 0.3%+3.5pp | -0.7%-0.8pp | -1.4%-1.2pp | -0.1%-0.6pp | -3.2%-3.8pp | 0.1%-1.3pp | -0.3%-11.0pp |
| Return on Assets | 0.4%+0.4pp | 0.1%+1.0pp | -0.2%-0.3pp | -0.4%-0.4pp | 0.0%-0.2pp | -1.0%-1.1pp | 0.0%-0.4pp | -0.1%-3.1pp |
| Current Ratio | 2.17+0.3x | 2.13+0.3x | 2.17+0.4x | 2.08+0.3x | 1.84-0.5x | 1.87-0.6x | 1.80-0.8x | 1.78-0.8x |
| Debt-to-Equity | 1.24-0.1x | 1.290.0x | 1.33+0.1x | 1.33+0.1x | 1.31-0.2x | 1.32-0.2x | 1.25-0.4x | 1.27-0.4x |
| Asset Turnover | 0.230.0x | 0.230.0x | 0.230.0x | 0.240.0x | 0.230.0x | 0.230.0x | 0.240.0x | 0.230.0x |
| FCF Margin | 7.1%+5.9pp | 6.9%+7.9pp | 4.3%+5.9pp | 2.2%-36.9pp | 1.2%-2.8pp | -1.0%-10.0pp | -1.6%-6.4pp | 39.1%+26.8pp |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Vestis Corporation VSTS | FY2025 | $2.7B | -$40.2M | -1.5% | $1.8B | 42/100 |
| Custom Truck One Source, Inc. CTOS | FY2025 | $1.9B | -$31.1M | -1.6% | $2.1B | 29/100 |
| Willis Lease Finance Corp WLFC | FY2025 | $730.2M | $114.0M | 15.6% | $842.4M | 43/100 |
| Hertz Global Holdings, Inc HTZ | FY2025 | $8.5B | -$747.0M | -8.8% | $659.4M | 5/100 |
| PROG Holdings, Inc. PRG | FY2025 | $2.4B | $146.8M | 6.1% | $1.2B | 35/100 |
Where Vestis Corporation Ranks
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 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 $29.7M in cash and equivalents against $1.2B 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 return on equity (ROE)?
Vestis Corporation (VSTS) has a return on equity of -4.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
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.
What is Vestis Corporation's current ratio?
Vestis Corporation (VSTS) had a current ratio of 2.08 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 P/E ratio?
Vestis Corporation (VSTS) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to July 3, 2026). The market capitalization is $1.8B as of Oct 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Vestis Corporation's price-to-sales ratio?
Vestis Corporation (VSTS) trades at 0.7x sales, its market capitalization divided by revenue of $2.7B revenue, trailing 12 months to July 3, 2026. The market capitalization is $1.8B as of Oct 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Vestis Corporation's Altman Z-Score?
Vestis Corporation (VSTS) has an Altman Z-Score of 1.72, 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 to 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) reported a net loss of $40.2M while generating $64.2M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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 0.69x, 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 42 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.