Vestis Corporation

VSTS · NYSE · Industrials / Rental & Leasing Services

14.09USD-0.10 (-0.70%)

Price History

Full chart

Market Stats

Previous Close14.19

Open14.22

Day Range13.85 – 14.52

52-Week Range4.45 – 16.90

Volume608.54K

Market Cap1.78B

P/E (TTM)0.00

Forward P/E0.00

EPS-0.05

Dividend Yield0.00%

Beta1.11

50-Day Avg13.77

200-Day Avg10.54

About

Vestis Corporation provides uniform rentals and workplace supplies in the United States and Canada. Its products include uniform options, such as shirts, pants, outerwear, gowns, scrubs, high visibility garments, particulate-free garments, and flame-resistant garments, as well as shoes and accessories; and workplace supplies, including managed restroom supply services, first-aid supplies and safety products, floor mats, towels, and linens. The company serves manufacturing, hospitality, retail, food processing, food service, pharmaceuticals, healthcare, automotive, and cleanroom industries. Vestis Corporation was founded in 1936 and is headquartered in Roswell, Georgia.

Company Details

SectorIndustrials
IndustryRental & Leasing Services
CEOMr. James Jay Barber Jr.
Employees18.15K
Headquarters1035 Alpharetta Street, Roswell, GA, United States, 30075, USA
Websitehttps://www.vestis.com

Leadership

Mr. James Jay Barber Jr.CEO, President & Director · b. 1960
Mr. William J. SewardExecutive VP & COO · b. 1968
Mr. André C. Bouchard J.D.Executive VP, Chief Legal Officer, General Counsel & Corporate Secretary · b. 1965
Mr. Adam K. BowenInterim Chief Financial Officer · b. 1984
Mr. John LaveckVP & Chief Accounting Officer · b. 1976
Ms. Wendy ZacchioSVP, Chief Information & Digital Officer
Mr. Rodney L. WedemeierExecutive VP & Chief Human Resources Officer · b. 1975
Mr. Steve CochranExecutive VP and Chief Commercial & Supply Chain Officer

Financials

Income Statement

Currency: USD	2020-09-30	2021-09-30	2022-09-30	2023-09-30	2024-09-30	2025-09-30
Total Revenue	2.56B	2.46B	2.69B	2.83B	2.81B	2.73B
Growth (%)	-	-4.11%	+9.38%	+5.15%	-0.69%	-2.53%
Cost of Revenue	1.81B	1.77B	1.91B	1.97B	1.99B	2.01B
Gross Profit	748.01M	690.94M	777.33M	855.07M	815.95M	724.76M
Gross Margin	29.20%	28.13%	28.93%	30.26%	29.08%	26.50%
Operating Expense	598.29M	594.70M	585.09M	637.16M	658.00M	660.33M
Operating Income	149.72M	96.24M	192.24M	217.91M	157.95M	64.43M
Operating Margin	5.84%	3.92%	7.15%	7.71%	5.63%	2.36%
EBITDA	286.88M	230.66M	328.86M	408.34M	299.37M	190.97M
EBITDA Margin	11.20%	9.39%	12.24%	14.45%	10.67%	6.98%
Net Income	111.65M	74.27M	141.68M	213.16M	20.97M	-40.22M
Net Income Margin	4.36%	3.02%	5.27%	7.54%	0.75%	-1.47%
Interest Expense	206.00K	-	2.28M	10.00K	126.56M	92.26M
Interest Expense % of Total Revenue	0.01%	-	0.09%	0.00%	4.51%	3.37%

Balance Sheet

Currency: USD	2020-09-30	2021-09-30	2022-09-30	2023-09-30	2024-09-30	2025-09-30
Total Assets	-	3.11B	3.13B	3.16B	2.93B	2.91B
Total Liabilities	-	776.40M	797.20M	2.28B	2.03B	2.04B
Total Equity	-	2.33B	2.34B	877.36M	903.05M	865.64M
Cash	-	41.11M	23.74M	36.05M	31.01M	29.75M
Total Debt	-	181.58M	182.18M	1.69B	1.38B	1.42B
Net Debt	-	140.47M	158.44M	1.65B	1.35B	1.39B

Cash Flow

Currency: USD	2020-09-30	2021-09-30	2022-09-30	2023-09-30	2024-09-30	2025-09-30
Operating Cash Flow	231.29M	244.34M	232.85M	256.98M	471.79M	64.23M
Investing Cash Flow	-43.37M	-103.16M	-86.13M	-14.75M	-73.64M	-19.82M
Financing Cash Flow	-175.13M	-125.51M	-162.54M	-230.27M	-402.98M	-46.06M
Capital Expenditure	58.07M	90.14M	76.45M	77.87M	78.91M	58.46M
Free Cash Flow	173.22M	154.20M	156.40M	179.11M	392.88M	5.77M
Dividends Paid	143.01M	95.60M	134.50M	1.69B	19.85M	13.82M
FCF to OCF	74.89%	63.11%	67.17%	69.70%	83.28%	8.98%
Dividend Paid to FCF	82.56%	62.00%	86.00%	942.97%	5.05%	239.59%

Earnings

Report Date	Sep 11, 2023	Nov 29, 2023	Feb 7, 2024	May 2, 2024	Aug 7, 2024	Nov 21, 2024	Jan 31, 2025	May 6, 2025	Aug 5, 2025	Dec 1, 2025	Feb 11, 2026	May 12, 2026	Aug 11, 2026
EPS Estimate	0.00	0.32	0.22	0.22	0.11	0.33	0.12	0.15	-0.02	0.06	0.27	0.08	0.11
EPS Actual	0.42	0.56	0.22	0.13	0.16	0.11	0.14	-0.05	-0.01	0.03	-0.05	0.16	0.18
Surprise	-	73.44%	0.00%	-40.91%	45.45%	-66.67%	16.67%	-133.33%	50.00%	-50.00%	-117.96%	100.00%	63.64%
Timing	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	-	Pre-market	After-hours	After-hours	After-hours	-	Pre-market	Pre-market

Key Statistics & Ratios

Market Cap1.78B

Enterprise Value3.11B

Trailing P/E0.00

Forward P/E0.00

Price / Sales0.66

Price / Book2.09

EPS-0.05

Book Value6.64

Revenue (TTM)2.70B

Gross Profit (TTM)709.11M

EBITDA251.85M

Profit Margin-0.20%

Operating Margin5.87%

Return on Equity-0.60%

Return on Assets2.45%

Shares Outstanding132.16M

Shares Float91.28M

Beta1.11

Dividend Yield0.00%

Dividend Rate0.00

Payout Ratio0.00%

Analyst Ratings

Hold

Based on 9 analystsTarget 13.00

Strong Buy
2
Hold
6
Sell
1

Ownership Breakdown

Institutions: 99.07%
Insiders: 16.51%
Retail / Other: 0.00%

Top Institutional Holders

Corvex Management LP
19.81M14.99%
BlackRock Inc
15.64M11.83%
FMR Inc
10.57M8.00%
Royal Bank of Canada
5.66M4.28%
Alberta Investment Management Corp
5.50M4.16%
Greenstone Partners & Co., LLC
5.09M3.85%
Vanguard Capital Management, LLC
4.88M3.70%
Vanguard Portfolio Management, LLC
4.31M3.26%
Dimensional Fund Advisors, Inc.
4.28M3.24%
State Street Corp
4.16M3.15%
Charles Schwab Investment Management Inc
3.45M2.61%
Geode Capital Management, LLC
2.49M1.88%
Broad Bay Capital Management, LP
2.31M1.75%
Ancora Advisors LLC
2.19M1.66%
Jefferies Financial Group Inc
2.16M1.64%
Stanley Capital Management, LLC
2.04M1.54%

Top Fund Holders

iShares Core S&P Small-Cap ETF
6.84M5.18%
Fidelity Value
4.16M3.15%
Vanguard MStar Total Stk Mkt Idx Invest
3.57M2.70%
iShares Russell 2000 ETF
2.40M1.82%

Dividends

20251×

0.04Feb 21, 2025

20244×

0.04Dec 13, 20240.04Sep 13, 20240.04Jun 14, 20240.04Mar 14, 2024

20231×

0.04Dec 14, 2023