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Vestis (VSTS) Financials

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$5.89 -0.13 (-2.16%)
As of 05/20/2025 03:58 PM Eastern
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Annual Income Statements for Vestis

Annual Income Statements for Vestis

This table shows Vestis' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 9/27/2024 9/29/2023 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 21 213 142
Consolidated Net Income / (Loss)		 21 213 142
Net Income / (Loss) Continuing Operations		 21 213 142
Total Pre-Tax Income 		32 270 190
Total Operating Income		 158 218 192
Total Gross Profit		 2,806 855 2,687
Total Revenue		 2,806 2,825 2,687
Operating Revenue		 2,806 2,825 2,687
Total Cost of Revenue		 0.00 1,970 0.00
Total Operating Expenses		 2,648 637 2,495
Selling, General & Admin Expense		 517 501 451
Depreciation Expense		 141 137 134
Other Operating Expenses / (Income)		 1,990 - 1,910
Total Other Income / (Expense), net		 -126 52 -2.28
Interest Expense		 127 2.11 4.55
Interest & Investment Income		 0.00 52 0.00
Other Income / (Expense), net		 0.64 2.10 2.26
Income Tax Expense		 11 57 48
Basic Earnings per Share		 $0.16 $1.63 $1.08
Weighted Average Basic Shares Outstanding		 131.51M 130.73M 130.73M
Diluted Earnings per Share		 $0.16 $1.63 $1.08
Weighted Average Diluted Shares Outstanding		 131.79M 130.73M 130.73M
Weighted Average Basic & Diluted Shares Outstanding		 131.53M - -

Quarterly Income Statements for Vestis

This table shows Vestis' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023
Period end date 3/28/2025 12/27/2024 9/27/2024 6/28/2024 3/29/2024 12/29/2023 9/29/2023 6/30/2023 3/31/2023 12/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 -28 0.83 -2.30 5.04 5.97 12 94 49 37 33
Consolidated Net Income / (Loss)		 -28 0.83 -2.30 5.04 5.97 12 94 49 37 33
Net Income / (Loss) Continuing Operations		 -28 0.83 -2.30 5.04 5.97 12 94 49 37 33
Total Pre-Tax Income 		-34 1.54 -1.27 8.14 8.34 17 109 66 50 45
Total Operating Income		 -8.57 30 30 38 43 48 58 66 49 44
Total Gross Profit		 665 684 1,187 698 705 718 -1,254 709 699 701
Total Revenue		 665 684 684 698 705 718 716 709 699 701
Operating Revenue		 665 684 684 698 705 718 716 709 699 701
Total Cost of Revenue		 0.00 0.00 -502 0.00 0.00 0.00 1,970 0.00 0.00 0.00
Total Operating Expenses		 674 653 1,157 661 662 670 -1,312 643 650 656
Selling, General & Admin Expense		 148 121 132 130 123 133 133 124 117 126
Depreciation Expense		 36 37 35 35 35 35 35 34 34 34
Other Operating Expenses / (Income)		 490 495 - 496 504 502 - 485 499 496
Total Other Income / (Expense), net		 -26 -29 -31 -29 -35 -31 52 -0.08 0.16 0.19
Interest & Investment Income		 -22 -23 - - - -32 - - - -
Other Income / (Expense), net		 -3.29 -5.76 96 -29 -35 0.76 1.83 -0.08 0.16 0.19
Income Tax Expense		 -6.36 0.71 1.03 3.10 2.38 4.56 15 17 13 11
Basic Earnings per Share		 ($0.21) $0.01 ($0.02) $0.04 $0.05 $0.09 $0.72 $0.37 $0.28 $0.26
Weighted Average Basic Shares Outstanding		 131.75M 131.59M 131.51M 131.54M 131.52M 131.39M 130.73M 130.73M 130.73M 130.73M
Diluted Earnings per Share		 ($0.21) $0.01 ($0.02) $0.04 $0.05 $0.09 $0.72 $0.37 $0.28 $0.26
Weighted Average Diluted Shares Outstanding		 131.75M 132.12M 131.79M 131.83M 131.89M 131.74M 130.73M 130.73M 130.73M 130.73M
Weighted Average Basic & Diluted Shares Outstanding		 131.78M 131.75M 131.53M 131.48M 131.45M 131.44M 0.00 - - -
Cash Dividends to Common per Share		 $0.04 $0.04 - $0.04 $0.04 $0.04 - - - -

Annual Cash Flow Statements for Vestis

This table details how cash moves in and out of Vestis' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 9/27/2024 9/29/2023 9/30/2022
Net Change in Cash & Equivalents		 -5.04 12 -17
Net Cash From Operating Activities		 472 257 233
Net Cash From Continuing Operating Activities		 472 257 233
Net Income / (Loss) Continuing Operations		 21 213 142
Consolidated Net Income / (Loss)		 21 213 142
Depreciation Expense		 141 137 134
Amortization Expense		 4.68 0.00 0.00
Non-Cash Adjustments To Reconcile Net Income		 22 -30 44
Changes in Operating Assets and Liabilities, net		 283 -63 -87
Net Cash From Investing Activities		 -74 -15 -86
Net Cash From Continuing Investing Activities		 -74 -15 -86
Purchase of Property, Plant & Equipment		 -79 -78 -76
Acquisitions		 0.00 0.00 -17
Sale of Property, Plant & Equipment		 5.27 11 7.32
Divestitures		 0.00 52 0.00
Other Investing Activities, net		 0.00 0.08 0.20
Net Cash From Financing Activities		 -403 -230 -163
Net Cash From Continuing Financing Activities		 -403 -230 -163
Repayment of Debt		 -1,151 -14 0.00
Payment of Dividends		 -20 -1,689 -135
Issuance of Debt		 798 1,500 0.00
Other Financing Activities, net		 -31 -28 -28
Effect of Exchange Rate Changes		 -0.22 0.35 -1.54

Quarterly Cash Flow Statements for Vestis

This table details how cash moves in and out of Vestis' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023
Period end date 3/28/2025 12/27/2024 9/27/2024 6/28/2024 3/29/2024 12/29/2023 9/29/2023 6/30/2023 3/31/2023 12/30/2022
Net Change in Cash & Equivalents		 10 -12 1.91 -1.56 -18 13 22 3.76 -6.33 -6.91
Net Cash From Operating Activities		 6.66 3.78 296 49 76 52 113 75 61 7.97
Net Cash From Continuing Operating Activities		 6.66 3.78 296 49 76 52 113 75 61 7.97
Net Income / (Loss) Continuing Operations		 -28 0.83 -2.30 5.04 5.97 12 94 49 37 33
Consolidated Net Income / (Loss)		 -28 0.83 -2.30 5.04 5.97 12 94 49 37 33
Depreciation Expense		 36 37 35 35 35 35 35 34 34 34
Amortization Expense		 0.93 0.85 3.21 0.68 - 1.00 - - - -
Non-Cash Adjustments To Reconcile Net Income		 6.86 7.33 3.46 4.44 9.63 4.72 -49 3.63 6.03 9.62
Changes in Operating Assets and Liabilities, net		 -9.18 -42 256 3.58 24 -1.83 33 -12 -16 -69
Net Cash From Investing Activities		 -8.65 18 -23 -21 -13 -17 27 -20 -8.76 -13
Net Cash From Continuing Investing Activities		 -8.65 18 -23 -21 -13 -17 27 -20 -8.76 -13
Purchase of Property, Plant & Equipment		 -14 -15 -28 -21 -13 -17 -25 -20 -19 -14
Sale of Property, Plant & Equipment		 4.85 0.34 5.27 - - 0.00 0.21 0.32 9.93 0.72
Other Investing Activities, net		 0.00 -4.55 - - - 0.00 - - - -
Net Cash From Financing Activities		 12 -35 -271 -29 -82 -22 -118 -52 -58 -2.31
Net Cash From Continuing Financing Activities		 12 -35 -271 -29 -82 -22 -118 -52 -58 -2.31
Repayment of Debt		 -10 -22 -258 -17 -865 -10 -14 - - 0.00
Payment of Dividends		 -9.22 -4.60 -4.60 -4.60 -7.08 -3.57 -1,597 -45 -52 4.58
Other Financing Activities, net		 -8.52 -8.30 -8.04 -7.42 -7.54 -7.61 -6.80 -6.95 -6.96 -6.89
Effect of Exchange Rate Changes		 0.07 0.53 -0.16 -0.11 0.16 -0.11 -0.33 0.20 0.12 0.36

Annual Balance Sheets for Vestis

This table presents Vestis' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023
Period end date 9/27/2024 9/29/2023
Total Assets		 2,932 3,157
Total Current Assets		 787 1,020
Cash & Equivalents		 31 36
Accounts Receivable		 177 393
Inventories, net		 165 175
Other Current Assets		 414 416
Plant, Property, & Equipment, net		 671 665
Plant, Property & Equipment, gross		 1,759 1,697
Accumulated Depreciation		 1,088 1,032
Total Noncurrent Assets		 1,474 1,473
Goodwill		 964 964
Intangible Assets		 213 239
Other Noncurrent Operating Assets		 298 270
Total Liabilities & Shareholders' Equity		 2,932 3,157
Total Liabilities		 2,029 2,280
Total Current Liabilities		 456 396
Short-Term Debt		 0.00 26
Accounts Payable		 163 134
Accrued Expenses		 145 73
Current Employee Benefit Liabilities		 97 114
Other Current Liabilities		 51 48
Total Noncurrent Liabilities		 1,573 1,884
Long-Term Debt		 1,148 1,463
Capital Lease Obligations		 115 105
Noncurrent Deferred & Payable Income Tax Liabilities		 191 218
Other Noncurrent Operating Liabilities		 119 99
Commitments & Contingencies		 0.00 0.00
Total Equity & Noncontrolling Interests		 903 877
Total Preferred & Common Equity		 903 877
Total Common Equity		 903 877
Common Stock		 929 0.00
Retained Earnings		 2.57 0.00
Accumulated Other Comprehensive Income / (Loss)		 -29 -31

Quarterly Balance Sheets for Vestis

This table presents Vestis' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2025 Q1 2025 Q3 2024 Q2 2024 Q1 2024
Period end date 3/28/2025 12/27/2024 6/28/2024 3/29/2024 12/29/2023
Total Assets		 2,899 2,897 3,146 3,122 3,162
Total Current Assets		 817 810 1,020 1,005 1,028
Cash & Equivalents		 29 19 29 31 49
Accounts Receivable		 162 187 410 406 403
Inventories, net		 200 170 154 141 150
Other Current Assets		 426 434 427 427 426
Plant, Property, & Equipment, net		 650 658 656 655 661
Plant, Property & Equipment, gross		 1,726 1,732 1,737 1,719 1,707
Accumulated Depreciation		 1,076 1,074 1,081 1,063 1,046
Total Noncurrent Assets		 1,431 1,430 1,470 1,462 1,473
Goodwill		 960 960 963 964 965
Intangible Assets		 202 209 219 226 233
Other Noncurrent Operating Assets		 269 261 288 272 275
Total Liabilities & Shareholders' Equity		 2,899 2,897 3,146 3,122 3,162
Total Liabilities		 2,023 1,998 2,244 2,221 2,258
Total Current Liabilities		 437 449 430 400 394
Accounts Payable		 151 165 151 147 130
Accrued Expenses		 142 145 117 103 91
Current Employee Benefit Liabilities		 92 87 105 95 98
Other Current Liabilities		 52 52 50 47 49
Total Noncurrent Liabilities		 1,586 1,549 1,815 1,821 1,864
Long-Term Debt		 1,159 1,128 1,395 1,411 1,455
Capital Lease Obligations		 119 118 112 111 107
Noncurrent Deferred & Payable Income Tax Liabilities		 183 187 200 205 208
Other Noncurrent Operating Liabilities		 124 116 108 94 94
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 876 900 901 901 904
Total Preferred & Common Equity		 876 900 901 901 904
Total Common Equity		 876 900 901 901 904
Common Stock		 941 933 926 923 921
Retained Earnings		 -34 -1.21 9.47 9.03 7.67
Accumulated Other Comprehensive Income / (Loss)		 -31 -32 -35 -31 -25

Annual Metrics And Ratios for Vestis

This table displays calculated financial ratios and metrics derived from Vestis' official financial filings.

Metric 2024 2023 2022
Period end date 9/27/2024 9/29/2023 9/30/2022
Growth Metrics		 - - -
Revenue Growth		 -0.69% 5.15% 0.00%
EBITDA Growth		 -14.71% 8.41% 0.00%
EBIT Growth		 -27.91% 13.11% 0.00%
NOPAT Growth		 -39.95% 20.10% 0.00%
Net Income Growth		 -90.16% 50.45% 0.00%
EPS Growth		 -90.18% 50.93% 0.00%
Operating Cash Flow Growth		 83.59% 10.36% 0.00%
Free Cash Flow Firm Growth		 117.84% 0.00% 0.00%
Invested Capital Growth		 -12.33% 0.00% 0.00%
Revenue Q/Q Growth		 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 -10.54% 0.00% 0.00%
Profitability Metrics		 - - -
Gross Margin		 100.00% 30.26% 100.00%
EBITDA Margin		 10.84% 12.62% 12.24%
Operating Margin		 5.63% 7.71% 7.15%
EBIT Margin		 5.65% 7.79% 7.24%
Profit (Net Income) Margin		 0.75% 7.54% 5.27%
Tax Burden Percent		 65.47% 79.03% 74.58%
Interest Burden Percent		 20.20% 122.60% 97.66%
Effective Tax Rate		 34.53% 20.97% 25.42%
Return on Invested Capital (ROIC)		 4.53% 14.14% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 -1.38% 19.40% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 -2.17% 34.45% 0.00%
Return on Equity (ROE)		 2.36% 48.59% 0.00%
Cash Return on Invested Capital (CROIC)		 17.67% -185.86% 0.00%
Operating Return on Assets (OROA)		 5.21% 6.97% 0.00%
Return on Assets (ROA)		 0.69% 6.75% 0.00%
Return on Common Equity (ROCE)		 2.36% 48.59% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 2.32% 24.30% 0.00%
Net Operating Profit after Tax (NOPAT)		 103 172 143
NOPAT Margin		 3.69% 6.10% 5.34%
Net Nonoperating Expense Percent (NNEP)		 5.91% -5.26% 0.00%
Cost of Revenue to Revenue		 0.00% 69.74% 0.00%
SG&A Expenses to Revenue		 18.43% 17.72% 16.77%
R&D to Revenue		 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 94.37% 22.55% 92.85%
Earnings before Interest and Taxes (EBIT)		 159 220 195
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 304 357 329
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 2.20 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.71 0.00 0.00
Price to Earnings (P/E)		 94.74 0.00 0.00
Dividend Yield		 0.93% 0.00% 0.00%
Earnings Yield		 1.06% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.51 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 1.15 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 10.59 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 20.30 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 31.13 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 6.82 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 7.97 0.00 0.00
Leverage & Solvency		 - - -
Debt to Equity		 1.40 1.82 0.00
Long-Term Debt to Equity		 1.40 1.79 0.00
Financial Leverage		 1.57 1.78 0.00
Leverage Ratio		 3.42 3.60 0.00
Compound Leverage Factor		 0.69 4.41 0.00
Debt to Total Capital		 58.31% 64.50% 0.00%
Short-Term Debt to Total Capital		 0.00% 1.06% 0.00%
Long-Term Debt to Total Capital		 58.31% 63.44% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00%
Common Equity to Total Capital		 41.69% 35.50% 0.00%
Debt to EBITDA		 4.15 4.47 0.00
Net Debt to EBITDA		 4.05 4.37 0.00
Long-Term Debt to EBITDA		 4.15 4.40 0.00
Debt to NOPAT		 12.21 9.26 0.00
Net Debt to NOPAT		 11.91 9.05 0.00
Long-Term Debt to NOPAT		 12.21 9.10 0.00
Altman Z-Score		 1.86 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00%
Liquidity Ratios		 - - -
Current Ratio		 1.73 2.58 0.00
Quick Ratio		 0.46 1.08 0.00
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 404 -2,263 0.00
Operating Cash Flow to CapEx		 640.70% 385.33% 336.81%
Free Cash Flow to Firm to Interest Expense		 3.19 -1,073.15 0.00
Operating Cash Flow to Interest Expense		 3.73 121.85 51.20
Operating Cash Flow Less CapEx to Interest Expense		 3.15 90.23 36.00
Efficiency Ratios		 - - -
Asset Turnover		 0.92 0.89 0.00
Accounts Receivable Turnover		 9.84 7.19 0.00
Inventory Turnover		 0.00 11.28 0.00
Fixed Asset Turnover		 4.20 4.25 0.00
Accounts Payable Turnover		 0.00 14.65 0.00
Days Sales Outstanding (DSO)		 37.09 50.76 0.00
Days Inventory Outstanding (DIO)		 0.00 32.37 0.00
Days Payable Outstanding (DPO)		 0.00 24.92 0.00
Cash Conversion Cycle (CCC)		 37.09 58.21 0.00
Capital & Investment Metrics		 - - -
Invested Capital		 2,135 2,435 0.00
Invested Capital Turnover		 1.23 2.32 0.00
Increase / (Decrease) in Invested Capital		 -300 2,435 0.00
Enterprise Value (EV)		 3,219 0.00 0.00
Market Capitalization		 1,987 0.00 0.00
Book Value per Share		 $6.87 $6.71 $0.00
Tangible Book Value per Share		 ($2.08) ($2.48) $0.00
Total Capital		 2,166 2,472 0.00
Total Debt		 1,263 1,594 0.00
Total Long-Term Debt		 1,263 1,568 0.00
Net Debt		 1,232 1,558 0.00
Capital Expenditures (CapEx)		 74 67 69
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 300 615 0.00
Debt-free Net Working Capital (DFNWC)		 331 651 0.00
Net Working Capital (NWC)		 331 624 0.00
Net Nonoperating Expense (NNE)		 82 -41 1.70
Net Nonoperating Obligations (NNO)		 1,232 1,558 0.00
Total Depreciation and Amortization (D&A)		 145 137 134
Debt-free, Cash-free Net Working Capital to Revenue		 10.70% 21.75% 0.00%
Debt-free Net Working Capital to Revenue		 11.81% 23.03% 0.00%
Net Working Capital to Revenue		 11.81% 22.10% 0.00%
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $0.16 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 131.51M 0.00 0.00
Adjusted Diluted Earnings per Share		 $0.16 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 131.79M 0.00 0.00
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 131.53M 0.00 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 103 172 143
Normalized NOPAT Margin		 3.69% 6.10% 5.34%
Pre Tax Income Margin		 1.14% 9.55% 7.07%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 1.25 104.32 42.77
NOPAT to Interest Expense		 0.82 81.65 31.53
EBIT Less CapEx to Interest Expense		 0.67 72.70 27.57
NOPAT Less CapEx to Interest Expense		 0.24 50.03 16.33
Payout Ratios		 - - -
Dividend Payout Ratio		 94.67% 792.33% 94.93%
Augmented Payout Ratio		 94.67% 792.33% 94.93%

Quarterly Metrics And Ratios for Vestis

This table displays calculated financial ratios and metrics derived from Vestis' official financial filings.

Metric Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023
Period end date 3/28/2025 12/27/2024 9/27/2024 6/28/2024 3/29/2024 12/29/2023 9/29/2023 6/30/2023 3/31/2023 12/30/2022
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 -5.69% -4.76% -4.42% -1.57% 0.87% 2.46% 0.00% 0.00% 0.00% 0.00%
EBITDA Growth		 -68.30% -26.32% 73.50% -56.47% -47.64% 7.98% 0.00% 0.00% 0.00% 0.00%
EBIT Growth		 -127.17% -49.05% 110.20% -87.72% -83.17% 8.51% 0.00% 0.00% 0.00% 0.00%
NOPAT Growth		 -119.48% -52.68% -58.03% -52.52% -16.18% 4.14% 0.00% 0.00% 0.00% 0.00%
Net Income Growth		 -566.55% -93.22% -102.45% -89.69% -83.82% -63.35% 0.00% 0.00% 0.00% 0.00%
EPS Growth		 -520.00% -88.89% -102.78% -89.19% -82.14% -65.38% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Growth		 -91.24% -92.66% 161.49% -35.27% 25.08% 545.99% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Growth		 111.30% 113.79% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Growth		 -11.41% -12.92% -12.33% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Revenue Q/Q Growth		 -2.71% -0.07% -2.00% -1.01% -1.75% 0.28% 0.92% 1.44% -0.20% 0.00%
EBITDA Q/Q Growth		 -60.04% -61.89% 274.43% 0.43% -16.54% -10.26% -6.06% 20.82% 6.02% 0.00%
EBIT Q/Q Growth		 -148.15% -80.34% 1,439.78% -2.45% -50.42% -18.88% -10.07% 33.76% 11.20% 0.00%
NOPAT Q/Q Growth		 -136.53% -21.21% -10.27% -24.56% -11.28% -30.12% 1.50% 33.18% 10.23% 0.00%
Net Income Q/Q Growth		 -3,444.95% 136.21% -145.62% -15.56% -51.37% -86.95% 92.32% 32.58% 10.12% 0.00%
EPS Q/Q Growth		 -2,200.00% 150.00% -150.00% -20.00% -44.44% -87.50% 94.59% 32.14% 7.69% 0.00%
Operating Cash Flow Q/Q Growth		 76.14% -98.72% 507.48% -36.01% 47.63% -54.44% 50.38% 23.65% 662.47% 0.00%
Free Cash Flow Firm Q/Q Growth		 -19.39% 3.41% 113.59% 0.23% 1.64% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 -0.07% -0.37% -10.54% -0.54% -1.78% 0.31% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - - - - - - -
Gross Margin		 100.00% 100.00% 173.42% 100.00% 100.00% 100.00% -175.21% 100.00% 100.00% 100.00%
EBITDA Margin		 3.75% 9.13% 23.93% 6.26% 6.17% 11.80% 13.19% 14.17% 11.89% 11.20%
Operating Margin		 -1.29% 4.45% 4.35% 5.37% 6.10% 6.63% 8.07% 9.36% 7.06% 6.33%
EBIT Margin		 -1.78% 3.60% 18.31% 1.17% 1.18% 6.74% 8.33% 9.34% 7.09% 6.36%
Profit (Net Income) Margin		 -4.18% 0.12% -0.34% 0.72% 0.85% 1.71% 13.13% 6.89% 5.27% 4.78%
Tax Burden Percent		 81.39% 54.03% 180.80% 61.90% 71.51% 72.91% 85.95% 73.72% 74.37% 75.10%
Interest Burden Percent		 288.22% 6.25% -1.01% 100.00% 100.00% 34.79% 183.42% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 45.97% 0.00% 38.10% 28.49% 27.09% 14.05% 26.28% 25.63% 24.90%
Return on Invested Capital (ROIC)		 -1.09% 2.91% 3.74% 0.00% 0.00% 11.25% 8.05% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 -2.68% 1.79% 2.08% 0.00% 0.00% 8.33% 10.89% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 -4.14% 2.74% 3.26% 0.00% 0.00% 14.18% 19.34% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 -5.23% 5.65% 7.00% 0.00% 0.00% 25.43% 27.39% 0.00% 0.00% 0.00%
Cash Return on Invested Capital (CROIC)		 14.86% 17.32% 17.67% 0.00% 0.00% 0.00% -92.93% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 -1.62% 3.30% 16.87% 0.00% 0.00% 6.06% 7.45% 0.00% 0.00% 0.00%
Return on Assets (ROA)		 -3.80% 0.11% -0.31% 0.00% 0.00% 1.54% 11.75% 0.00% 0.00% 0.00%
Return on Common Equity (ROCE)		 -5.23% 5.65% 7.00% 0.00% 0.00% 25.43% 27.39% 0.00% 0.00% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 -2.77% 1.06% 0.00% 0.00% 0.00% 21.23% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -6.00 16 21 23 31 35 50 49 37 33
NOPAT Margin		 -0.90% 2.40% 3.05% 3.33% 4.37% 4.83% 6.94% 6.90% 5.25% 4.76%
Net Nonoperating Expense Percent (NNEP)		 1.59% 1.13% 1.66% 2.45% 3.31% 2.92% -2.84% 0.00% 0.00% 0.00%
Return On Investment Capital (ROIC_SIMPLE)		 -0.28% 0.77% - - - 1.39% - - - -
Cost of Revenue to Revenue		 0.00% 0.00% -73.42% 0.00% 0.00% 0.00% 275.21% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 22.24% 17.72% 19.28% 18.62% 17.39% 18.47% 18.61% 17.51% 16.71% 18.03%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 101.29% 95.55% 169.07% 94.63% 93.90% 93.37% -183.28% 90.64% 92.94% 93.67%
Earnings before Interest and Taxes (EBIT)		 -12 25 125 8.14 8.34 48 60 66 50 45
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 25 62 164 44 44 85 94 100 83 78
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.51 2.25 2.20 1.78 2.80 0.00 0.00 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.49 0.73 0.71 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Earnings (P/E)		 0.00 211.86 94.74 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 1.74% 0.91% 0.93% 0.86% 0.36% 0.17% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.47% 1.06% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.21 1.53 1.51 1.30 1.68 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.94 1.17 1.15 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 11.30 11.53 10.59 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 32.47 24.08 20.30 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 41.29 40.53 31.13 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 7.26 7.66 6.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 7.66 8.20 7.97 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 1.46 1.39 1.40 1.68 1.70 1.76 1.82 0.00 0.00 0.00
Long-Term Debt to Equity		 1.46 1.39 1.40 1.67 1.69 1.73 1.79 0.00 0.00 0.00
Financial Leverage		 1.55 1.53 1.57 1.65 1.66 1.70 1.78 0.00 0.00 0.00
Leverage Ratio		 3.39 3.36 3.42 3.49 3.47 3.50 3.60 0.00 0.00 0.00
Compound Leverage Factor		 9.77 0.21 -0.03 3.49 3.47 1.22 6.60 0.00 0.00 0.00
Debt to Total Capital		 59.33% 58.08% 58.31% 62.69% 62.94% 63.72% 64.50% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.33% 0.33% 1.05% 1.06% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 59.33% 58.08% 58.31% 62.36% 62.61% 62.66% 63.44% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 40.67% 41.92% 41.69% 37.31% 37.06% 36.28% 35.50% 0.00% 0.00% 0.00%
Debt to EBITDA		 5.61 4.42 4.15 0.00 0.00 4.39 4.47 0.00 0.00 0.00
Net Debt to EBITDA		 5.48 4.36 4.05 0.00 0.00 4.25 4.37 0.00 0.00 0.00
Long-Term Debt to EBITDA		 5.61 4.42 4.15 0.00 0.00 4.32 4.40 0.00 0.00 0.00
Debt to NOPAT		 20.49 15.55 12.21 0.00 0.00 9.05 9.26 0.00 0.00 0.00
Net Debt to NOPAT		 20.03 15.32 11.91 0.00 0.00 8.77 9.05 0.00 0.00 0.00
Long-Term Debt to NOPAT		 20.49 15.55 12.21 0.00 0.00 8.90 9.10 0.00 0.00 0.00
Altman Z-Score		 1.46 1.74 1.82 0.67 0.93 0.00 0.00 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Current Ratio		 1.87 1.80 1.73 2.37 2.51 2.61 2.58 0.00 0.00 0.00
Quick Ratio		 0.44 0.46 0.46 1.02 1.09 1.15 1.08 0.00 0.00 0.00
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 268 332 321 -2,363 -2,369 -2,408 0.00 0.00 0.00 0.00
Operating Cash Flow to CapEx		 76.92% 26.27% 1,293.66% 232.12% 590.53% 303.88% 451.85% 376.24% 694.21% 61.63%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.91 0.91 0.92 0.00 0.00 0.90 0.89 0.00 0.00 0.00
Accounts Receivable Turnover		 9.61 9.39 9.84 0.00 0.00 7.05 7.19 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 13.14 11.28 0.00 0.00 0.00
Fixed Asset Turnover		 4.18 4.20 4.20 0.00 0.00 4.30 4.25 0.00 0.00 0.00
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 15.16 14.65 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 37.97 38.88 37.09 0.00 0.00 51.78 50.76 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 27.78 32.37 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 24.08 24.92 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 37.97 38.88 37.09 0.00 0.00 55.47 58.21 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 2,126 2,127 2,135 2,387 2,400 2,443 2,435 0.00 0.00 0.00
Invested Capital Turnover		 1.21 1.21 1.23 0.00 0.00 2.33 1.16 0.00 0.00 0.00
Increase / (Decrease) in Invested Capital		 -274 -316 -300 2,387 2,400 2,443 0.00 0.00 0.00 0.00
Enterprise Value (EV)		 2,576 3,248 3,219 3,093 4,024 0.00 0.00 0.00 0.00 0.00
Market Capitalization		 1,327 2,020 1,987 1,608 2,526 0.00 0.00 0.00 0.00 0.00
Book Value per Share		 $6.65 $6.84 $6.87 $6.86 $6.85 $6.88 $6.71 $0.00 $0.00 $0.00
Tangible Book Value per Share		 ($2.17) ($2.04) ($2.08) ($2.14) ($2.20) ($2.24) ($2.48) $0.00 $0.00 $0.00
Total Capital		 2,155 2,146 2,166 2,416 2,430 2,492 2,472 0.00 0.00 0.00
Total Debt		 1,278 1,246 1,263 1,514 1,530 1,588 1,594 0.00 0.00 0.00
Total Long-Term Debt		 1,278 1,246 1,263 1,506 1,522 1,561 1,568 0.00 0.00 0.00
Net Debt		 1,250 1,228 1,232 1,485 1,499 1,539 1,558 0.00 0.00 0.00
Capital Expenditures (CapEx)		 8.66 14 23 21 13 17 25 20 8.76 13
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 351 342 300 569 582 611 615 0.00 0.00 0.00
Debt-free Net Working Capital (DFNWC)		 380 361 331 598 613 660 651 0.00 0.00 0.00
Net Working Capital (NWC)		 380 361 331 590 605 634 624 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 22 16 23 18 25 22 -44 0.06 -0.12 -0.14
Net Nonoperating Obligations (NNO)		 1,250 1,228 1,232 1,485 1,499 1,539 1,558 0.00 0.00 0.00
Total Depreciation and Amortization (D&A)		 37 38 38 36 35 36 35 34 34 34
Debt-free, Cash-free Net Working Capital to Revenue		 12.86% 12.35% 10.70% 0.00% 0.00% 21.50% 21.75% 0.00% 0.00% 0.00%
Debt-free Net Working Capital to Revenue		 13.92% 13.02% 11.81% 0.00% 0.00% 23.22% 23.03% 0.00% 0.00% 0.00%
Net Working Capital to Revenue		 13.92% 13.02% 11.81% 0.00% 0.00% 22.30% 22.10% 0.00% 0.00% 0.00%
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.21) $0.01 ($0.02) $0.04 $0.05 $0.09 $0.72 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 131.75M 131.59M 131.51M 131.54M 131.52M 131.39M 130.73M 0.00 0.00 0.00
Adjusted Diluted Earnings per Share		 ($0.21) $0.01 ($0.02) $0.04 $0.05 $0.09 $0.72 $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 131.75M 132.12M 131.79M 131.83M 131.89M 131.74M 130.73M 0.00 0.00 0.00
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 131.78M 131.75M 131.53M 131.48M 131.45M 131.44M 0.00 0.00 0.00 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 -6.00 16 21 23 31 35 50 49 37 33
Normalized NOPAT Margin		 -0.90% 2.40% 3.05% 3.33% 4.37% 4.83% 6.94% 6.90% 5.25% 4.76%
Pre Tax Income Margin		 -5.14% 0.23% -0.19% 1.17% 1.18% 2.34% 15.27% 9.34% 7.09% 6.36%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 -94.91% 218.96% 94.67% 0.00% 0.00% 884.09% 792.33% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 -94.91% 218.96% 94.67% 0.00% 0.00% 884.09% 792.33% 0.00% 0.00% 0.00%

Frequently Asked Questions About Vestis' Financials

When does Vestis's financial year end?

According to the most recent income statement we have on file, Vestis' fiscal year ends in September. Their fiscal year 2024 ended on September 27, 2024.

How has Vestis' net income changed over the last 2 years?

Vestis' net income appears to be on a downward trend, with a most recent value of $20.97 million in 2024, falling from $141.68 million in 2022. The previous period was $213.16 million in 2023. View Vestis' forecast to see where analysts expect Vestis to go next.

What is Vestis's operating income?
Vestis's total operating income in 2024 was $157.95 million, based on the following breakdown:
  • Total Gross Profit: $2.81 billion
  • Total Operating Expenses: $2.65 billion
How has Vestis revenue changed over the last 2 years?

Over the last 2 years, Vestis' total revenue changed from $2.69 billion in 2022 to $2.81 billion in 2024, a change of 4.4%.

How much debt does Vestis have?

Vestis' total liabilities were at $2.03 billion at the end of 2024, a 11.0% decrease from 2023, and a 11.0% decrease since 2023.

How much cash does Vestis have?

In the past 1 years, Vestis' cash and equivalents has ranged from $31.01 million in 2024 to $36.05 million in 2023, and is currently $31.01 million as of their latest financial filing in 2024.

How has Vestis' book value per share changed over the last 2 years?

Over the last 2 years, Vestis' book value per share changed from 0.00 in 2022 to 6.87 in 2024, a change of 686.8%.


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This page (NYSE:VSTS) was last updated on 5/21/2025 by MarketBeat.com Staff
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