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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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $2.7B | $191M | $-40M | $6M | -4.6% | -2.5% | -291.8% |
| 2024 | $2.8B | $299M | $21M | $393M | 2.3% | -0.7% | -90.2% |
| 2023 | $2.8B | $408M | $213M | $179M | 24.3% | 5.1% | 50.5% |
| 2022 | $2.7B | $329M | $142M | $156M | 6.1% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 2,687 | 2,825.29 | 2,805.82 | 2,734.84 |
| Cost Of Revenue | - | 1,909.68 | 1,970.22 | 1,989.87 | 2,010.08 |
| Gross Profit | - | 777.33 | 855.07 | 815.95 | 724.76 |
| Operating Expense | - | 585.09 | 637.16 | 658 | 660.33 |
| Operating Income | - | 192.24 | 217.91 | 157.95 | 64.43 |
| EBITDA | - | 328.86 | 408.34 | 299.37 | 190.98 |
| EBIT | - | 194.51 | 271.84 | 158.59 | 47.96 |
| Pretax Income | - | 189.96 | 269.73 | 32.03 | -44.31 |
| Tax Provision | - | 48.28 | 56.57 | 11.06 | -4.08 |
| Net Income | - | 141.68 | 213.16 | 20.97 | -40.22 |
| Net Income Common Stockholders | - | 141.68 | 213.16 | 20.97 | -40.22 |
| Total Expenses | - | 2,494.76 | 2,607.38 | 2,647.87 | 2,670.41 |
| Interest Expense | - | 4.55 | 2.11 | 126.56 | 92.26 |
| Interest Income | 1.12 | - | - | - | - |
| Selling General And Administration | - | 450.73 | 500.66 | 517.22 | 517.31 |
| Normalized EBITDA | - | 328.86 | 356.51 | 299.37 | 193.76 |
| Normalized Income | - | 141.68 | 172.21 | 20.97 | -37.70 |
| Market Cap | 1,291.78 | 1,291.78 | 1,291.78 | 1,291.78 | 1,291.78 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Vestis Corporationthis co. | VSTS | - | -32.12 | 1.49 | -4.6% | 14.04 |
| The Eastern Company | EML | $134M | 22.70 | 1.08 | 5.7% | 9.14 |
| DMC Global Inc. | BOOM | $129M | - | 0.53 | -4.2% | 9.35 |
| Byrna Technologies Inc. | BYRN | $128M | 15.72 | 1.93 | 14.7% | 9.07 |
| JELD-WEN Holding, Inc. | JELD | $123M | - |
| - |
| - |
| - |
| - |
| - |
| 1.33 |
| -673.6% |
| 29.19 |
| Forrester Research, Inc. | FORR | $121M | - | 0.95 | -94.3% | 3.10 |
| Arq, Inc. | ARQ | $96M | - | 0.57 | -31.3% | 34.71 |
| Mobile Infrastructure Corporation | BEEP | $80M | - | 0.55 | -13.5% | 26.61 |
| Southland Holdings, Inc. | SLND | $60M | - | -0.42 | 231.3% | -1.74 |
| Peer Median | - | 19.21 | 0.76 | -8.8% | 9.25 | |