What is Vestis' operating income?

Vestis' total operating income in 2025 was $64.43 million, based on the following breakdown: Total Gross Profit: $2.73 billion Total Operating Expenses: $2.67 billion

Vestis (VSTS) Financials

$12.84 -0.08 (-0.60%)

Closing price 03:59 PM Eastern

Extended Trading

$12.90 +0.05 (+0.40%)

As of 05:00 PM Eastern

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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	2022	2023	2024	2025
Period end date	9/30/2022	9/29/2023	9/27/2024	10/3/2025
Net Income / (Loss) Attributable to Common Shareholders	142	213	21	-40
Consolidated Net Income / (Loss)	142	213	21	-40
Net Income / (Loss) Continuing Operations	142	213	21	-40
Total Pre-Tax Income	190	270	32	-44
Total Operating Income	192	218	158	64
Total Gross Profit	2,687	855	816	2,735
Total Revenue	2,687	2,825	2,806	2,735
Operating Revenue	2,687	2,825	2,806	2,735
Total Cost of Revenue	0.00	1,970	1,990	0.00
Total Operating Expenses	2,495	637	658	2,670
Selling, General & Admin Expense	451	501	517	517
Depreciation Expense	134	137	141	143
Other Operating Expenses / (Income)	1,910	-	-	2,010
Total Other Income / (Expense), net	-2.28	52	-126	-109
Interest & Investment Income	0.00	50	-127	-95
Other Income / (Expense), net	2.26	2.10	0.64	-14
Income Tax Expense	48	57	11	-4.08
Basic Earnings per Share	$1.08	$1.63	$0.16	($0.31)
Weighted Average Basic Shares Outstanding	130.73M	130.73M	131.51M	131.75M
Diluted Earnings per Share	$1.08	$1.63	$0.16	($0.31)
Weighted Average Diluted Shares Outstanding	130.73M	130.73M	131.79M	131.75M
Weighted Average Basic & Diluted Shares Outstanding	-	-	131.53M	131.87M
Cash Dividends to Common per Share	-	-	$0.04	$0.04

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

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	9/29/2023	12/29/2023	3/29/2024	6/28/2024	9/27/2024	12/27/2024	3/28/2025	6/27/2025	10/3/2025	1/2/2026	4/3/2026
Net Income / (Loss) Attributable to Common Shareholders	94	12	5.97	5.04	-2.30	0.83	-28	-0.68	-13	-6.39	2.60
Consolidated Net Income / (Loss)	94	12	5.97	5.04	-2.30	0.83	-28	-0.68	-13	-6.39	2.60
Net Income / (Loss) Continuing Operations	94	12	5.97	5.04	-2.30	0.83	-28	-0.68	-13	-6.39	2.60
Total Pre-Tax Income	109	17	8.34	8.14	-1.27	1.54	-34	-0.75	-11	-8.56	2.51
Total Operating Income	58	48	43	38	30	30	-8.57	25	18	17	27
Total Gross Profit	-1,254	718	201	698	1,187	684	665	182	1,204	663	659
Total Revenue	716	718	705	698	684	684	665	674	712	663	659
Operating Revenue	716	718	705	698	684	684	665	674	712	663	659
Total Cost of Revenue	1,970	0.00	504	0.00	-502	0.00	0.00	492	-492	0.00	0.00
Total Operating Expenses	-1,312	670	158	661	1,157	653	674	157	1,186	647	633
Selling, General & Admin Expense	133	133	123	130	132	121	148	122	126	120	112
Depreciation Expense	35	35	35	35	35	37	36	35	35	34	35
Other Operating Expenses / (Income)	-	502	-	496	-	495	490	-	-	492	486
Total Other Income / (Expense), net	52	-31	-35	-29	-31	-29	-26	-26	-29	-25	-24
Interest & Investment Income	-	-32	-35	-30	-	-25	-22	-22	-27	-22	-21
Other Income / (Expense), net	1.83	0.76	0.61	0.47	96	-3.61	-3.29	-3.22	-1.42	-2.95	-3.20
Income Tax Expense	15	4.56	2.38	3.10	1.03	0.71	-6.36	-0.07	1.64	-2.17	-0.09
Basic Earnings per Share	$0.72	$0.09	$0.05	$0.04	($0.02)	$0.01	($0.21)	($0.01)	($0.10)	($0.05)	$0.02
Weighted Average Basic Shares Outstanding	130.73M	131.39M	131.52M	131.54M	131.51M	131.59M	131.75M	131.81M	131.75M	131.90M	132.01M
Diluted Earnings per Share	$0.72	$0.09	$0.05	$0.04	($0.02)	$0.01	($0.21)	($0.01)	($0.10)	($0.05)	$0.02
Weighted Average Diluted Shares Outstanding	130.73M	131.74M	131.89M	131.83M	131.79M	132.12M	131.75M	131.81M	131.75M	131.90M	133.05M
Weighted Average Basic & Diluted Shares Outstanding	0.00	131.44M	131.45M	131.48M	131.53M	131.75M	131.78M	131.84M	131.87M	131.95M	132.11M

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	2022	2023	2024	2025
Period end date	9/30/2022	9/29/2023	9/27/2024	10/3/2025
Net Change in Cash & Equivalents	-17	12	-5.04	-1.26
Net Cash From Operating Activities	233	257	472	64
Net Cash From Continuing Operating Activities	233	257	472	64
Net Income / (Loss) Continuing Operations	142	213	21	-40
Consolidated Net Income / (Loss)	142	213	21	-40
Depreciation Expense	134	137	141	143
Amortization Expense	0.00	0.00	4.68	3.64
Non-Cash Adjustments To Reconcile Net Income	44	-30	22	15
Changes in Operating Assets and Liabilities, net	-87	-63	283	-57
Net Cash From Investing Activities	-86	-15	-74	-20
Net Cash From Continuing Investing Activities	-86	-15	-74	-20
Purchase of Property, Plant & Equipment	-76	-78	-79	-58
Sale of Property, Plant & Equipment	7.32	11	5.27	5.52
Divestitures	0.00	52	0.00	38
Other Investing Activities, net	0.20	0.08	0.00	-4.54
Net Cash From Financing Activities	-163	-230	-403	-46
Net Cash From Continuing Financing Activities	-163	-230	-403	-46
Repayment of Debt	0.00	-14	-1,151	-165
Payment of Dividends	-135	-1,689	-20	-14
Issuance of Debt	0.00	1,500	798	167
Other Financing Activities, net	-28	-28	-31	-34
Effect of Exchange Rate Changes	-1.54	0.35	-0.22	0.38

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	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	9/29/2023	12/29/2023	3/29/2024	6/28/2024	9/27/2024	12/27/2024	3/28/2025	6/27/2025	10/3/2025	1/2/2026	4/3/2026
Net Change in Cash & Equivalents	22	13	-18	-1.56	1.91	-12	10	-5.06	6.01	12	8.79
Net Cash From Operating Activities	113	52	76	49	296	3.78	6.66	23	31	38	58
Net Cash From Continuing Operating Activities	113	52	76	49	296	3.78	6.66	23	31	38	58
Net Income / (Loss) Continuing Operations	94	12	5.97	5.04	-2.30	0.83	-28	-0.68	-13	-6.39	2.60
Consolidated Net Income / (Loss)	94	12	5.97	5.04	-2.30	0.83	-28	-0.68	-13	-6.39	2.60
Depreciation Expense	35	35	35	35	35	37	36	35	35	34	35
Amortization Expense	-	1.00	-	0.68	3.21	0.85	0.93	0.89	0.98	0.94	0.95
Non-Cash Adjustments To Reconcile Net Income	-49	4.72	9.63	4.44	3.46	7.33	6.86	-1.57	2.41	2.54	0.33
Changes in Operating Assets and Liabilities, net	33	-1.83	24	3.58	256	-42	-9.18	-11	4.75	6.26	20
Net Cash From Investing Activities	27	-17	-13	-21	-23	18	-8.65	-15	-14	-9.12	-6.14
Net Cash From Continuing Investing Activities	27	-17	-13	-21	-23	18	-8.65	-15	-14	-9.12	-6.14
Purchase of Property, Plant & Equipment	-25	-17	-13	-21	-28	-15	-14	-15	-15	-9.39	-13
Sale of Property, Plant & Equipment	0.21	0.00	-	-	5.27	0.34	4.85	0.17	0.16	0.27	6.55
Net Cash From Financing Activities	-118	-22	-82	-29	-271	-35	12	-13	-11	-17	-44
Net Cash From Continuing Financing Activities	-118	-22	-82	-29	-271	-35	12	-13	-11	-17	-44
Repayment of Debt	-14	-10	-865	-17	-258	-22	-10	-57	-76	-55	-61
Issuance of Debt	1,500	-	-	-	-	0.00	-	53	74	48	27
Other Financing Activities, net	-6.80	-7.61	-7.54	-7.42	-8.04	-8.30	-8.52	-8.81	-8.87	-9.19	-9.52
Effect of Exchange Rate Changes	-0.33	-0.11	0.16	-0.11	-0.16	0.53	0.07	-0.53	0.31	-0.24	0.23

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	2023	2024	2025
Period end date	9/29/2023	9/27/2024	10/3/2025
Total Assets	3,157	2,932	2,907
Total Current Assets	1,020	813	850
Cash & Equivalents	36	31	30
Accounts Receivable	393	177	162
Inventories, net	175	165	179
Other Current Assets	416	440	479
Plant, Property, & Equipment, net	665	671	663
Plant, Property & Equipment, gross	1,697	1,759	1,739
Accumulated Depreciation	1,032	1,088	1,075
Total Noncurrent Assets	1,473	1,448	1,393
Goodwill	964	964	962
Intangible Assets	239	213	189
Other Noncurrent Operating Assets	270	272	243
Total Liabilities & Shareholders' Equity	3,157	2,932	2,907
Total Liabilities	2,280	2,029	2,041
Total Current Liabilities	396	456	409
Accounts Payable	134	163	158
Accrued Expenses	73	145	101
Current Employee Benefit Liabilities	114	97	94
Other Current Liabilities	48	51	55
Total Noncurrent Liabilities	1,884	1,573	1,632
Long-Term Debt	1,463	1,148	1,155
Capital Lease Obligations	105	115	131
Noncurrent Deferred & Payable Income Tax Liabilities	218	191	177
Other Noncurrent Operating Liabilities	99	119	169
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	877	903	866
Total Preferred & Common Equity	877	903	866
Total Common Equity	877	903	866
Common Stock	0.00	929	939
Retained Earnings	0.00	2.57	-47
Accumulated Other Comprehensive Income / (Loss)	-31	-29	-26

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	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	12/29/2023	3/29/2024	6/28/2024	12/27/2024	3/28/2025	6/27/2025	1/2/2026	4/3/2026
Total Assets	3,162	3,122	3,146	2,897	2,899	2,908	2,884	2,873
Total Current Assets	1,028	1,005	1,020	810	817	821	853	851
Cash & Equivalents	49	31	29	19	29	24	42	50
Accounts Receivable	403	406	410	187	162	176	153	150
Inventories, net	150	141	154	170	200	187	169	175
Other Current Assets	426	427	427	434	426	434	489	476
Plant, Property, & Equipment, net	661	655	656	658	650	652	648	650
Plant, Property & Equipment, gross	1,707	1,719	1,737	1,732	1,726	1,745	1,732	1,723
Accumulated Depreciation	1,046	1,063	1,081	1,074	1,076	1,092	1,084	1,074
Total Noncurrent Assets	1,473	1,462	1,470	1,430	1,431	1,435	1,383	1,373
Goodwill	965	964	963	960	960	963	963	962
Intangible Assets	233	226	219	209	202	196	182	175
Other Noncurrent Operating Assets	275	272	288	261	269	276	238	236
Total Liabilities & Shareholders' Equity	3,162	3,122	3,146	2,897	2,899	2,908	2,884	2,873
Total Liabilities	2,258	2,221	2,244	1,998	2,023	2,026	2,020	2,006
Total Current Liabilities	394	400	430	449	437	446	392	399
Accounts Payable	130	147	151	165	151	157	148	155
Accrued Expenses	91	103	117	145	142	138	99	103
Current Employee Benefit Liabilities	98	95	105	87	92	97	90	91
Other Current Liabilities	49	47	50	52	52	53	55	51
Total Noncurrent Liabilities	1,864	1,821	1,815	1,549	1,586	1,580	1,627	1,607
Long-Term Debt	1,455	1,411	1,395	1,128	1,159	1,156	1,149	1,115
Capital Lease Obligations	107	111	112	118	119	119	127	135
Noncurrent Deferred & Payable Income Tax Liabilities	208	205	200	187	183	175	182	183
Other Noncurrent Operating Liabilities	94	94	108	116	124	129	169	174
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	904	901	901	900	876	882	864	867
Total Preferred & Common Equity	904	901	901	900	876	882	864	867
Total Common Equity	904	901	901	900	876	882	864	867
Common Stock	921	923	926	933	941	938	941	944
Retained Earnings	7.67	9.03	9.47	-1.21	-34	-34	-53	-51
Accumulated Other Comprehensive Income / (Loss)	-25	-31	-35	-32	-31	-22	-23	-26

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

Metric	2022	2023	2024	2025
Period end date	9/30/2022	9/29/2023	9/27/2024	10/3/2025
Growth Metrics	-	-	-	-
Revenue Growth	0.00%	5.15%	-0.69%	-2.53%
EBITDA Growth	0.00%	8.41%	-14.71%	-35.08%
EBIT Growth	0.00%	13.11%	-27.91%	-68.00%
NOPAT Growth	0.00%	20.10%	-39.95%	-56.39%
Net Income Growth	0.00%	50.45%	-90.16%	-291.81%
EPS Growth	0.00%	50.93%	-90.18%	-293.75%
Operating Cash Flow Growth	0.00%	10.36%	83.59%	-86.39%
Free Cash Flow Firm Growth	0.00%	0.00%	117.84%	-85.61%
Invested Capital Growth	0.00%	0.00%	-12.33%	-0.61%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	1.02%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-6.85%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-19.58%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-15.85%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-34.20%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-34.78%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	-80.47%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-81.03%
Invested Capital Q/Q Growth	0.00%	0.00%	-10.54%	-0.56%
Profitability Metrics	-	-	-	-
Gross Margin	100.00%	30.26%	100.00%	100.00%
EBITDA Margin	12.24%	12.62%	10.84%	7.22%
Operating Margin	7.15%	7.71%	5.63%	2.36%
EBIT Margin	7.24%	7.79%	5.65%	1.86%
Profit (Net Income) Margin	5.27%	7.54%	0.75%	-1.47%
Tax Burden Percent	74.58%	79.03%	65.47%	90.78%
Interest Burden Percent	97.66%	122.60%	20.20%	-87.32%
Effective Tax Rate	25.42%	20.97%	34.53%	0.00%
Return on Invested Capital (ROIC)	0.00%	14.14%	4.53%	2.12%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	19.40%	-1.38%	-4.74%
Return on Net Nonoperating Assets (RNNOA)	0.00%	34.45%	-2.17%	-6.67%
Return on Equity (ROE)	0.00%	48.59%	2.36%	-4.55%
Cash Return on Invested Capital (CROIC)	0.00%	-185.86%	17.67%	2.73%
Operating Return on Assets (OROA)	0.00%	6.97%	5.21%	1.74%
Return on Assets (ROA)	0.00%	6.75%	0.69%	-1.38%
Return on Common Equity (ROCE)	0.00%	48.59%	2.36%	-4.55%
Return on Equity Simple (ROE_SIMPLE)	0.00%	24.30%	2.32%	0.00%
Net Operating Profit after Tax (NOPAT)	143	172	103	45
NOPAT Margin	5.34%	6.10%	3.69%	1.65%
Net Nonoperating Expense Percent (NNEP)	0.00%	-5.26%	5.91%	6.86%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	2.10%
Cost of Revenue to Revenue	0.00%	69.74%	0.00%	0.00%
SG&A Expenses to Revenue	16.77%	17.72%	18.43%	18.92%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	92.85%	22.55%	94.37%	97.64%
Earnings before Interest and Taxes (EBIT)	195	220	159	51
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	329	357	304	197
Valuation Ratios	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	2.20	0.77
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.00	0.00	0.71	0.24
Price to Earnings (P/E)	0.00	0.00	94.74	0.00
Dividend Yield	0.00%	0.00%	0.93%	3.47%
Earnings Yield	0.00%	0.00%	1.06%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	1.51	0.91
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	1.15	0.70
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	10.59	9.74
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	20.30	37.88
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	31.13	42.62
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	6.82	29.93
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	7.97	33.09
Leverage & Solvency	-	-	-	-
Debt to Equity	0.00	1.82	1.40	1.49
Long-Term Debt to Equity	0.00	1.79	1.40	1.49
Financial Leverage	0.00	1.78	1.57	1.41
Leverage Ratio	0.00	3.60	3.42	3.30
Compound Leverage Factor	0.00	4.41	0.69	-2.88
Debt to Total Capital	0.00%	64.50%	58.31%	59.77%
Short-Term Debt to Total Capital	0.00%	1.06%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	63.44%	58.31%	59.77%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	35.50%	41.69%	40.23%
Debt to EBITDA	0.00	4.47	4.15	6.52
Net Debt to EBITDA	0.00	4.37	4.05	6.37
Long-Term Debt to EBITDA	0.00	4.40	4.15	6.52
Debt to NOPAT	0.00	9.26	12.21	28.52
Net Debt to NOPAT	0.00	9.05	11.91	27.86
Long-Term Debt to NOPAT	0.00	9.10	12.21	28.52
Altman Z-Score	0.00	0.00	1.86	1.35
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-
Current Ratio	0.00	2.58	1.73	2.08
Quick Ratio	0.00	1.08	0.46	0.47
Cash Flow Metrics	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-2,263	404	58
Operating Cash Flow to CapEx	336.81%	385.33%	640.70%	121.33%
Free Cash Flow to Firm to Interest Expense	0.00	-1,073.15	3.19	0.00
Operating Cash Flow to Interest Expense	51.20	121.85	3.73	0.00
Operating Cash Flow Less CapEx to Interest Expense	36.00	90.23	3.15	0.00
Efficiency Ratios	-	-	-	-
Asset Turnover	0.00	0.89	0.92	0.94
Accounts Receivable Turnover	0.00	7.19	9.84	16.11
Inventory Turnover	0.00	11.28	0.00	0.00
Fixed Asset Turnover	0.00	4.25	4.20	4.10
Accounts Payable Turnover	0.00	14.65	0.00	0.00
Days Sales Outstanding (DSO)	0.00	50.76	37.09	22.66
Days Inventory Outstanding (DIO)	0.00	32.37	0.00	0.00
Days Payable Outstanding (DPO)	0.00	24.92	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	58.21	37.09	22.66
Capital & Investment Metrics	-	-	-	-
Invested Capital	0.00	2,435	2,135	2,122
Invested Capital Turnover	0.00	2.32	1.23	1.28
Increase / (Decrease) in Invested Capital	0.00	2,435	-300	-13
Enterprise Value (EV)	0.00	0.00	3,219	1,922
Market Capitalization	0.00	0.00	1,987	666
Book Value per Share	$0.00	$6.71	$6.87	$6.57
Tangible Book Value per Share	$0.00	($2.48)	($2.08)	($2.16)
Total Capital	0.00	2,472	2,166	2,152
Total Debt	0.00	1,594	1,263	1,286
Total Long-Term Debt	0.00	1,568	1,263	1,286
Net Debt	0.00	1,558	1,232	1,256
Capital Expenditures (CapEx)	69	67	74	53
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	615	300	411
Debt-free Net Working Capital (DFNWC)	0.00	651	331	441
Net Working Capital (NWC)	0.00	624	331	441
Net Nonoperating Expense (NNE)	1.70	-41	82	85
Net Nonoperating Obligations (NNO)	0.00	1,558	1,232	1,256
Total Depreciation and Amortization (D&A)	134	137	145	147
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	21.75%	10.70%	15.04%
Debt-free Net Working Capital to Revenue	0.00%	23.03%	11.81%	16.13%
Net Working Capital to Revenue	0.00%	22.10%	11.81%	16.13%
Earnings Adjustments	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.16	($0.31)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	131.51M	131.75M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.16	($0.31)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	131.79M	131.75M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	131.53M	131.87M
Normalized Net Operating Profit after Tax (NOPAT)	143	172	103	45
Normalized NOPAT Margin	5.34%	6.10%	3.69%	1.65%
Pre Tax Income Margin	7.07%	9.55%	1.14%	-1.62%
Debt Service Ratios	-	-	-	-
EBIT to Interest Expense	42.77	104.32	1.25	0.00
NOPAT to Interest Expense	31.53	81.65	0.82	0.00
EBIT Less CapEx to Interest Expense	27.57	72.70	0.67	0.00
NOPAT Less CapEx to Interest Expense	16.33	50.03	0.24	0.00
Payout Ratios	-	-	-	-
Dividend Payout Ratio	94.93%	792.33%	94.67%	-34.36%
Augmented Payout Ratio	94.93%	792.33%	94.67%	-34.36%

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

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	9/29/2023	12/29/2023	3/29/2024	6/28/2024	9/27/2024	12/27/2024	3/28/2025	6/27/2025	10/3/2025	1/2/2026	4/3/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	131,948,938.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	131,948,938.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.02
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	2.46%	0.87%	-1.57%	-4.42%	-4.76%	-5.69%	-3.50%	4.05%	-2.98%	-0.87%
EBITDA Growth	0.00%	7.98%	-47.64%	-56.47%	73.50%	-26.32%	-68.30%	-21.88%	-21.66%	-24.25%	136.92%
EBIT Growth	0.00%	8.51%	-83.17%	-87.72%	110.20%	-49.05%	-127.17%	-42.76%	-43.24%	-49.11%	298.74%
NOPAT Growth	0.00%	4.14%	-16.18%	-52.52%	-58.03%	-52.68%	-119.48%	-24.78%	-40.75%	-29.34%	561.50%
Net Income Growth	0.00%	-63.35%	-83.82%	-89.69%	-102.45%	-93.22%	-566.55%	-113.42%	-446.08%	-868.15%	109.33%
EPS Growth	0.00%	-65.38%	-82.14%	-89.19%	-102.78%	-88.89%	-520.00%	-125.00%	-400.00%	-600.00%	109.52%
Operating Cash Flow Growth	0.00%	545.99%	25.08%	-35.27%	161.49%	-92.66%	-91.24%	-53.01%	-89.54%	897.01%	774.90%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	0.00%	113.79%	111.30%	111.43%	-92.11%	-88.01%	-67.69%
Invested Capital Growth	0.00%	0.00%	0.00%	0.00%	-12.33%	-12.92%	-11.41%	-10.58%	-0.61%	-1.33%	-2.77%
Revenue Q/Q Growth	0.92%	0.28%	-1.75%	-1.01%	-2.00%	-0.07%	-2.71%	1.29%	5.67%	-6.83%	-0.60%
EBITDA Q/Q Growth	-6.06%	-10.26%	-16.54%	0.43%	274.43%	-61.89%	-60.04%	130.49%	-8.62%	-6.90%	20.82%
EBIT Q/Q Growth	-10.07%	-18.88%	-50.42%	-2.45%	1,439.78%	-80.34%	-148.15%	283.31%	-25.40%	-15.97%	72.95%
NOPAT Q/Q Growth	1.50%	-30.12%	-11.28%	-24.56%	-10.27%	-21.21%	-136.53%	391.26%	-29.33%	-6.03%	138.57%
Net Income Q/Q Growth	92.32%	-86.95%	-51.37%	-15.56%	-145.62%	136.21%	-3,444.95%	97.57%	-1,756.36%	49.07%	140.62%
EPS Q/Q Growth	94.59%	-87.50%	-44.44%	-20.00%	-150.00%	150.00%	-2,200.00%	95.24%	-900.00%	50.00%	140.00%
Operating Cash Flow Q/Q Growth	50.38%	-54.44%	47.63%	-36.01%	507.48%	-98.72%	76.14%	243.41%	35.27%	21.86%	54.57%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	1.64%	0.23%	113.59%	3.41%	-19.39%	0.86%	-90.62%	57.24%	117.15%
Invested Capital Q/Q Growth	0.00%	0.31%	-1.78%	-0.54%	-10.54%	-0.37%	-0.07%	0.38%	-0.56%	-1.09%	-1.53%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	-175.21%	100.00%	100.00%	100.00%	173.42%	100.00%	100.00%	27.03%	169.06%	100.00%	100.00%
EBITDA Margin	13.19%	11.80%	6.17%	6.26%	23.93%	9.13%	3.75%	8.53%	7.38%	7.37%	8.96%
Operating Margin	8.07%	6.63%	6.10%	5.37%	4.35%	4.45%	-1.29%	3.70%	2.48%	2.50%	4.06%
EBIT Margin	8.33%	6.74%	1.18%	1.17%	18.31%	3.60%	-1.78%	3.23%	2.28%	2.05%	3.58%
Profit (Net Income) Margin	13.13%	1.71%	0.85%	0.72%	-0.34%	0.12%	-4.18%	-0.10%	-1.76%	-0.96%	0.39%
Tax Burden Percent	85.95%	72.91%	71.51%	61.90%	180.80%	54.03%	81.39%	90.25%	115.08%	74.67%	103.39%
Interest Burden Percent	183.42%	34.79%	100.00%	100.00%	-1.01%	6.25%	288.22%	-3.44%	-67.22%	-62.79%	10.65%
Effective Tax Rate	14.05%	27.09%	28.49%	38.10%	0.00%	45.97%	0.00%	0.00%	0.00%	0.00%	-3.39%
Return on Invested Capital (ROIC)	8.05%	11.25%	0.00%	0.00%	3.74%	2.91%	-1.09%	3.11%	2.23%	2.25%	5.42%
ROIC Less NNEP Spread (ROIC-NNEP)	10.89%	8.33%	0.00%	0.00%	2.08%	1.79%	-2.68%	1.78%	0.23%	0.79%	3.38%
Return on Net Nonoperating Assets (RNNOA)	19.34%	14.18%	0.00%	0.00%	3.26%	2.74%	-4.14%	2.73%	0.32%	1.10%	4.74%
Return on Equity (ROE)	27.39%	25.43%	0.00%	0.00%	7.00%	5.65%	-5.23%	5.84%	2.55%	3.34%	10.17%
Cash Return on Invested Capital (CROIC)	-92.93%	0.00%	0.00%	0.00%	17.67%	17.32%	14.86%	13.55%	2.73%	3.01%	5.68%
Operating Return on Assets (OROA)	7.45%	6.06%	0.00%	0.00%	16.87%	3.30%	-1.62%	2.89%	2.13%	1.93%	3.36%
Return on Assets (ROA)	11.75%	1.54%	0.00%	0.00%	-0.31%	0.11%	-3.80%	-0.09%	-1.65%	-0.90%	0.37%
Return on Common Equity (ROCE)	27.39%	25.43%	0.00%	0.00%	7.00%	5.65%	-5.23%	5.84%	2.55%	3.34%	10.17%
Return on Equity Simple (ROE_SIMPLE)	0.00%	21.23%	0.00%	0.00%	0.00%	1.06%	-2.77%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	50	35	31	23	21	16	-6.00	17	12	12	28
NOPAT Margin	6.94%	4.83%	4.37%	3.33%	3.05%	2.40%	-0.90%	2.59%	1.73%	1.75%	4.20%
Net Nonoperating Expense Percent (NNEP)	-2.84%	2.92%	3.31%	2.45%	1.66%	1.13%	1.59%	1.33%	2.00%	1.46%	2.05%
Return On Investment Capital (ROIC_SIMPLE)	-	1.39%	-	-	-	0.77%	-0.28%	0.81%	0.57%	0.54%	1.31%
Cost of Revenue to Revenue	275.21%	0.00%	0.00%	0.00%	-73.42%	0.00%	0.00%	72.97%	-69.06%	0.00%	0.00%
SG&A Expenses to Revenue	18.61%	18.47%	17.39%	18.62%	19.28%	17.72%	22.24%	18.15%	17.68%	18.13%	17.04%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	-183.28%	93.37%	93.90%	94.63%	169.07%	95.55%	101.29%	23.32%	166.58%	97.50%	95.94%
Earnings before Interest and Taxes (EBIT)	60	48	8.34	8.14	125	25	-12	22	16	14	24
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	94	85	44	44	164	62	25	57	53	49	59
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	2.80	1.78	2.20	2.25	1.51	0.91	0.77	1.00	1.19
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	0.00
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.00	0.71	0.73	0.49	0.30	0.24	0.32	0.38
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	94.74	211.86	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.17%	0.36%	0.86%	0.93%	0.91%	1.74%	2.86%	3.47%	2.66%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	1.06%	0.47%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	1.68	1.30	1.51	1.53	1.21	0.96	0.91	1.00	1.08
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	1.15	1.17	0.94	0.76	0.70	0.77	0.82
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	10.59	11.53	11.30	9.71	9.74	11.57	10.34
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	20.30	24.08	32.47	32.60	37.88	55.93	30.58
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	31.13	40.53	41.29	38.38	42.62	59.34	37.11
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	6.82	7.66	7.26	6.25	29.93	21.42	14.91
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	7.97	8.20	7.66	6.72	33.09	33.02	18.76
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.82	1.76	1.70	1.68	1.40	1.39	1.46	1.45	1.49	1.48	1.44
Long-Term Debt to Equity	1.79	1.73	1.69	1.67	1.40	1.39	1.46	1.45	1.49	1.48	1.44
Financial Leverage	1.78	1.70	1.66	1.65	1.57	1.53	1.55	1.53	1.41	1.40	1.40
Leverage Ratio	3.60	3.50	3.47	3.49	3.42	3.36	3.39	3.39	3.30	3.28	3.31
Compound Leverage Factor	6.60	1.22	3.47	3.49	-0.03	0.21	9.77	-0.12	-2.22	-2.06	0.35
Debt to Total Capital	64.50%	63.72%	62.94%	62.69%	58.31%	58.08%	59.33%	59.11%	59.77%	59.62%	59.04%
Short-Term Debt to Total Capital	1.06%	1.05%	0.33%	0.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	63.44%	62.66%	62.61%	62.36%	58.31%	58.08%	59.33%	59.11%	59.77%	59.62%	59.04%
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%	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%	0.00%
Common Equity to Total Capital	35.50%	36.28%	37.06%	37.31%	41.69%	41.92%	40.67%	40.89%	40.23%	40.38%	40.96%
Debt to EBITDA	4.47	4.39	0.00	0.00	4.15	4.42	5.61	6.02	6.52	7.02	5.79
Net Debt to EBITDA	4.37	4.25	0.00	0.00	4.05	4.36	5.48	5.91	6.37	6.79	5.56
Long-Term Debt to EBITDA	4.40	4.32	0.00	0.00	4.15	4.42	5.61	6.02	6.52	7.02	5.79
Debt to NOPAT	9.26	9.05	0.00	0.00	12.21	15.55	20.49	23.80	28.52	36.02	20.78
Net Debt to NOPAT	9.05	8.77	0.00	0.00	11.91	15.32	20.03	23.35	27.86	34.85	19.94
Long-Term Debt to NOPAT	9.10	8.90	0.00	0.00	12.21	15.55	20.49	23.80	28.52	36.02	20.78
Altman Z-Score	0.00	0.00	0.93	0.67	1.82	1.74	1.46	1.33	1.31	1.38	1.44
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.58	2.61	2.51	2.37	1.73	1.80	1.87	1.84	2.08	2.17	2.13
Quick Ratio	1.08	1.15	1.09	1.02	0.46	0.46	0.44	0.45	0.47	0.50	0.50
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-2,408	-2,369	-2,363	321	332	268	270	25	40	87
Operating Cash Flow to CapEx	451.85%	303.88%	590.53%	232.12%	1,293.66%	26.27%	76.92%	155.61%	203.48%	413.19%	948.40%
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	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	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	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.89	0.90	0.00	0.00	0.92	0.91	0.91	0.89	0.94	0.94	0.94
Accounts Receivable Turnover	7.19	7.05	0.00	0.00	9.84	9.39	9.61	9.24	16.11	15.96	17.37
Inventory Turnover	11.28	13.14	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	4.25	4.30	0.00	0.00	4.20	4.20	4.18	4.14	4.10	4.16	4.17
Accounts Payable Turnover	14.65	15.16	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	50.76	51.78	0.00	0.00	37.09	38.88	37.97	39.49	22.66	22.87	21.02
Days Inventory Outstanding (DIO)	32.37	27.78	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	24.92	24.08	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	58.21	55.47	0.00	0.00	37.09	38.88	37.97	39.49	22.66	22.87	21.02
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,435	2,443	2,400	2,387	2,135	2,127	2,126	2,134	2,122	2,099	2,067
Invested Capital Turnover	1.16	2.33	0.00	0.00	1.23	1.21	1.21	1.20	1.28	1.28	1.29
Increase / (Decrease) in Invested Capital	0.00	2,443	2,400	2,387	-300	-316	-274	-253	-13	-28	-59
Enterprise Value (EV)	0.00	0.00	4,024	3,093	3,219	3,248	2,576	2,057	1,922	2,102	2,233
Market Capitalization	0.00	0.00	2,526	1,608	1,987	2,020	1,327	805	666	868	1,033
Book Value per Share	$6.71	$6.88	$6.85	$6.86	$6.87	$6.84	$6.65	$6.69	$6.57	$6.56	$6.57
Tangible Book Value per Share	($2.48)	($2.24)	($2.20)	($2.14)	($2.08)	($2.04)	($2.17)	($2.10)	($2.16)	($2.13)	($2.05)
Total Capital	2,472	2,492	2,430	2,416	2,166	2,146	2,155	2,158	2,152	2,141	2,117
Total Debt	1,594	1,588	1,530	1,514	1,263	1,246	1,278	1,275	1,286	1,276	1,250
Total Long-Term Debt	1,568	1,561	1,522	1,506	1,263	1,246	1,278	1,275	1,286	1,276	1,250
Net Debt	1,558	1,539	1,499	1,485	1,232	1,228	1,250	1,252	1,256	1,235	1,200
Capital Expenditures (CapEx)	25	17	13	21	23	14	8.66	15	15	9.12	6.14
Debt-free, Cash-free Net Working Capital (DFCFNWC)	615	611	582	569	300	342	351	351	411	419	402
Debt-free Net Working Capital (DFNWC)	651	660	613	598	331	361	380	375	441	461	452
Net Working Capital (NWC)	624	634	605	590	331	361	380	375	441	461	452
Net Nonoperating Expense (NNE)	-44	22	25	18	23	16	22	18	25	18	25
Net Nonoperating Obligations (NNO)	1,558	1,539	1,499	1,485	1,232	1,228	1,250	1,252	1,256	1,235	1,200
Total Depreciation and Amortization (D&A)	35	36	35	36	38	38	37	36	36	35	36
Debt-free, Cash-free Net Working Capital to Revenue	21.75%	21.50%	0.00%	0.00%	10.70%	12.35%	12.86%	12.97%	15.04%	15.45%	14.82%
Debt-free Net Working Capital to Revenue	23.03%	23.22%	0.00%	0.00%	11.81%	13.02%	13.92%	13.84%	16.13%	16.98%	16.68%
Net Working Capital to Revenue	22.10%	22.30%	0.00%	0.00%	11.81%	13.02%	13.92%	13.84%	16.13%	16.98%	16.68%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.72	$0.09	$0.05	$0.04	($0.02)	$0.01	($0.21)	($0.01)	($0.10)	($0.05)	$0.02
Adjusted Weighted Average Basic Shares Outstanding	130.73M	131.39M	131.52M	131.54M	131.51M	131.59M	131.75M	131.81M	131.75M	131.90M	132.01M
Adjusted Diluted Earnings per Share	$0.72	$0.09	$0.05	$0.04	($0.02)	$0.01	($0.21)	($0.01)	($0.10)	($0.05)	$0.02
Adjusted Weighted Average Diluted Shares Outstanding	130.73M	131.74M	131.89M	131.83M	131.79M	132.12M	131.75M	131.81M	131.75M	131.90M	133.05M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	131.44M	131.45M	131.48M	131.53M	131.75M	131.78M	131.84M	131.87M	131.95M	132.11M
Normalized Net Operating Profit after Tax (NOPAT)	50	35	31	23	21	16	-6.00	17	12	12	19
Normalized NOPAT Margin	6.94%	4.83%	4.37%	3.33%	3.05%	2.40%	-0.90%	2.59%	1.73%	1.75%	2.84%
Pre Tax Income Margin	15.27%	2.34%	1.18%	1.17%	-0.19%	0.23%	-5.14%	-0.11%	-1.53%	-1.29%	0.38%
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	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	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	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	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	792.33%	884.09%	0.00%	0.00%	94.67%	218.96%	-94.91%	-61.47%	-34.36%	-19.43%	0.00%
Augmented Payout Ratio	792.33%	884.09%	0.00%	0.00%	94.67%	218.96%	-94.91%	-61.47%	-34.36%	-19.43%	0.00%

Financials Breakdown Chart

Key Financial Trends

Vestis (NYSE: VSTS) is showing mixed but generally improving short-term operating trends, even though profitability remains thin and the balance sheet is still highly leveraged. Over the last year, the company has stabilized revenue better than earnings, with recent quarters showing a recovery in operating income and stronger cash generation compared with some earlier periods. However, debt remains heavy, interest costs are a major drag, and reported net income is still volatile.

Operating cash flow improved sharply in Q2 2026, rising to $58.3 million from $37.7 million in Q1 2026 and $30.9 million in Q4 2025.
Operating income rebounded in Q2 2026 to $26.8 million from $16.6 million in Q1 2026, suggesting some improvement in core profitability.
Revenue was relatively stable in the last two quarters, with Q2 2026 at $659.4 million and Q1 2026 at $663.4 million, indicating the top line has not materially deteriorated quarter to quarter.
Net income turned positive in Q2 2026 at $2.6 million after a loss of $6.4 million in Q1 2026.
Cash and equivalents increased to $50.3 million at the end of Q2 2026 from $41.5 million in Q1 2026.
Current assets remained fairly steady around $850.7 million in Q2 2026 versus $853.1 million in Q1 2026, showing no near-term liquidity shock in the latest quarter.
Gross profit is not presented in a conventional way in the recent periods, so direct margin comparison is harder than usual from the supplied data.
Depreciation and amortization remain meaningful non-cash costs, which supports operating cash flow but also reflects an asset-heavy business model.
Share count has stayed fairly stable, with diluted shares around 132 million in the latest quarters, so dilution has not been a major near-term issue.
Long-term debt remains very large at $1.12 billion in Q2 2026, versus only $50.3 million of cash.
Interest and investment income was negative in the latest quarters, highlighting the burden of financing costs.
Pre-tax income was very weak in Q2 2026 at just $2.5 million, showing that operating gains are still being offset by other expenses.
Other operating expenses remain extremely large in the recent periods, which continues to pressure operating results.
Balance-sheet leverage has not meaningfully improved: total liabilities were $2.01 billion in Q2 2026 against equity of $867.2 million.
Revenue is still below prior-year levels, with Q2 2026 revenue of $659.4 million down from $705.4 million in Q2 2024 and $683.8 million in Q1 2024.

Bottom line: Vestis appears to be making progress on operating cash flow and near-term profitability, but the investment case is still constrained by high debt, heavy interest pressure, and thin earnings. For retail investors, the key question is whether the recent improvement in operating income can continue long enough to meaningfully reduce leverage and strengthen the balance sheet.

06/01/26 05:07 PM ETAI Generated. May Contain Errors.

Vestis Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Vestis' fiscal year ends in October. Their fiscal year 2025 ended on October 3, 2025.

Vestis' net income appears to be on a downward trend, with a most recent value of -$40.22 million in 2025, falling from $141.68 million in 2022. The previous period was $20.97 million in 2024. See where experts think Vestis is headed by visiting Vestis' forecast page.

Vestis' total operating income in 2025 was $64.43 million, based on the following breakdown:

Total Gross Profit: $2.73 billion
Total Operating Expenses: $2.67 billion

Over the last 3 years, Vestis' total revenue changed from $2.69 billion in 2022 to $2.73 billion in 2025, a change of 1.8%.

Vestis' total liabilities were at $2.04 billion at the end of 2025, a 0.6% increase from 2024, and a 10.5% decrease since 2023.

In the past 2 years, Vestis' cash and equivalents has ranged from $29.75 million in 2025 to $36.05 million in 2023, and is currently $29.75 million as of their latest financial filing in 2025.

Over the last 3 years, Vestis' book value per share changed from 0.00 in 2022 to 6.57 in 2025, a change of 656.6%.

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Financial statements for NYSE:VSTS last updated on 5/17/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Vestis (VSTS) Financials

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Vestis (VSTS) Financials

Annual Income Statements for Vestis

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Quarterly Cash Flow Statements for Vestis

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Quarterly Metrics And Ratios for Vestis

Financials Breakdown Chart

Key Financial Trends

Vestis Financials - Frequently Asked Questions

When does Vestis' financial year end?

How has Vestis' net income changed over the last 3 years?

What is Vestis' operating income?

How has Vestis' revenue changed over the last 3 years?

How much debt does Vestis have?

How much cash does Vestis have?

How has Vestis' book value per share changed over the last 3 years?

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