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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 |
| Operating 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 |
| Selling General And Administration | - | 450.73 | 500.66 | 517.22 | 517.31 |
| Total Expenses | - | 2,494.76 | 2,607.38 | 2,647.87 | 2,670.41 |
| Operating Income | - | 192.24 | 217.91 | 157.95 | 64.43 |
| Total Operating Income As Reported | - | 192.24 | 217.91 | 157.95 | 64.43 |
| EBITDA | - | 328.86 | 408.34 | 299.37 | 190.98 |
| Normalized EBITDA | - | 328.86 | 356.51 | 299.37 | 193.76 |
| EBIT | - | 194.51 | 271.84 | 158.59 | 47.96 |
| Interest Income | 1.12 | - | - | - | - |
| Interest Expense | - | 4.55 | 2.11 | 126.56 | 92.26 |
| Net Interest Income | - | -4.55 | -2.11 | -126.56 | -92.26 |
| Other Non Operating Income Expenses | - | 2.26 | 2.10 | 0.64 | -13.69 |
| Other Income Expense | - | 2.26 | 53.93 | 0.64 | -16.47 |
| Interest Income Non Operating | 1.12 | - | - | - | - |
| Interest Expense Non Operating | - | 4.55 | 2.11 | 126.56 | 92.26 |
| Net Non Operating Interest Income Expense | - | -4.55 | -2.11 | -126.56 | -92.26 |
| Pretax Income | - | 189.96 | 269.73 | 32.03 | -44.31 |
| Tax Provision | - | 48.28 | 56.57 | 11.06 | -4.08 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 10.88 | 0 | -0.26 |
| Net Income Continuous Operations | - | 141.68 | 213.16 | 20.97 | -40.22 |
| Net Income From Continuing And Discontinued Operation | - | 141.68 | 213.16 | 20.97 | -40.22 |
| Net Income From Continuing Operation Net Minority Interest | - | 141.68 | 213.16 | 20.97 | -40.22 |
| Net Income | - | 141.68 | 213.16 | 20.97 | -40.22 |
| Net Income Common Stockholders | - | 141.68 | 213.16 | 20.97 | -40.22 |
| Net Income Including Noncontrolling Interests | - | 141.68 | 213.16 | 20.97 | -40.22 |
| Normalized Income | - | 141.68 | 172.21 | 20.97 | -37.70 |
| Diluted NI Availto Com Stockholders | - | 141.68 | 213.16 | 20.97 | -40.22 |
| Basic Average Shares | - | 130.99 | 130.73 | 131.51 | 131.75 |
| Diluted Average Shares | - | 130.99 | 130.73 | 131.79 | 131.75 |
| Reconciled Depreciation | - | 134.35 | 136.50 | 140.78 | 143.02 |
| Reconciled Cost Of Revenue | - | 1,909.68 | 1,970.22 | 1,989.87 | 2,010.08 |
| Total Unusual Items | - | 0 | 51.83 | 0 | -2.78 |
| Total Unusual Items Excluding Goodwill | - | 0 | 51.83 | 0 | -2.78 |
| Special Income Charges | - | 0 | 51.83 | 0 | -2.78 |
| Gain On Sale Of Business | - | 0 | 51.83 | 0 | -2.78 |
| Depreciation Amortization Depletion Income Statement | - | 134.35 | 136.50 | 140.78 | 143.02 |
| Depreciation And Amortization In Income Statement | - | 134.35 | 136.50 | 140.78 | 143.02 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Vestis Corporationthis co. | VSTS | $1.7B | -43.48 | 2.02 | -4.6% | 16.43 |
| Enovix Corporation | ENVX | $1.8B | - | 6.72 | -57.8% | - |
| JetBlue Airways Corporation | JBLU | $1.8B | -2.99 | 0.85 | -28.4% | 18.80 |
| CBIZ, Inc. | CBZ | $1.8B | 15.50 | 1.02 | 6.6% | 9.83 |
| Proto Labs, Inc. | PRLB | $1.8B | 83.79 | 2.64 |
| - |
| - |
| - |
| - |
| - |
| 3.2% |
| 27.86 |
| Enerpac Tool Group Corp. | EPAC | $1.8B | 18.89 | 4.04 | 21.4% | 12.23 |
| Huron Consulting Group Inc. | HURN | $1.7B | 16.54 | 3.29 | 19.9% | 10.27 |
| Ameresco, Inc. | AMRC | $1.7B | 39.14 | 1.60 | 4.1% | 15.21 |
| Target Hospitality Corp. | TH | $1.7B | -45.10 | 4.30 | -9.5% | 44.27 |
| Peer Median | - | 16.54 | 2.96 | 3.6% | 15.21 | |