Vestis Corporation (VSTS)

Name: Vestis Corporation Financial Statements
Creator: Quarter Results

Industrials | Rental Leasing Services

Latest reporting period: 2025-03-28

Latest Quarter

2025-03-28

Revenue

$665M

Net Income

-$27.8M

Operating Margin

-1.3%

Free Cash Flow

$64.2M

Debt / Assets

70.2%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Vestis Corporation (VSTS).
Income Statement (Quarterly)	2025-03-28	2024-12-27	2024-09-27	2024-06-28
Revenue	665,249,000	683,780,000	684,281,000	698,248,000
Cost of Revenue	489,991,000	495,260,000	487,315,000	495,759,000
Gross Profit	175,258,000	188,520,000	196,966,000	202,489,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	147,946,000	121,185,000	131,909,000	129,041,000
Operating Expenses	183,828,000	158,121,000	167,190,000	164,966,000
Operating Income	-8,570,000	30,399,000	29,776,000	37,523,000
Interest Expense	22,329,000	23,097,000	31,689,000	29,386,000
Income Before Tax	-34,192,000	1,540,000	-1,271,000	8,137,000
Income Tax Expense	-6,362,000	708,000	1,027,000	3,100,000
Net Income	-27,830,000	832,000	-2,298,000	5,037,000
Per Share
EPS	-0.21	0.01	-0.02	0.04
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Vestis Corporation (VSTS).
Income Statement (Annual)	2025-10-03	2024-09-27	2023-09-30	2023-09-29	2022-09-30
Revenue	2,734,839,000	2,805,820,000	2,825,286,000	2,825,286,000	2,687,005,000
Cost of Revenue	2,096,248,000	1,989,872,000	1,970,215,000	1,970,215,000	1,909,676,000
Gross Profit	638,591,000	815,948,000	855,071,000	855,071,000	777,329,000
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	517,309,000	517,216,000	500,658,000	500,658,000	450,734,000
Operating Expenses	555,478,000	657,997,000	637,162,000	637,162,000	585,086,000
Operating Income	83,113,000	157,951,000	217,909,000	217,909,000	192,243,000
Interest Expense	92,264,000	126,563,000	10,000	10,000	2,284,000
Income Before Tax	-44,306,000	32,030,000	269,730,000	269,730,000	189,959,000
Income Tax Expense	-4,083,000	11,060,000	56,572,000	56,572,000	48,280,000
Net Income	-40,223,000	20,970,000	213,158,000	213,158,000	141,679,000
Per Share
EPS	-0.31	0.16	1.62	1.63	1.09
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Vestis Corporation (VSTS).
Balance Sheet (Quarterly)	2025-10-03	2024-09-27	2023-09-30	2023-09-29
Assets
Cash and Cash Equivalents	29,748,000	31,010,000	36,051,000	36,051,000
Short Term Investments	0	0	0	0
Net Receivables	162,295,000	177,271,000	392,916,000	392,916,000
Inventory	179,020,000	561,007,000	573,755,000	573,754,000
Total Current Assets	850,031,000	787,389,000	1,019,965,000	1,019,965,000
Property Plant Equipment	748,570,000	744,388,000	722,421,000	722,421,000
Goodwill and Intangibles	1,150,569,000	1,176,617,000	1,202,151,000	1,202,151,000
Total Assets	2,906,900,000	2,932,387,000	3,157,124,000	3,157,124,000
Liabilities
Account Payables	158,362,000	163,054,000	134,498,000	134,498,000
Short Term Debt	55,423,000	51,233,000	73,844,000	73,844,000
Total Current Liabilities	408,964,000	456,102,000	395,525,000	395,525,000
Long Term Debt	416,206,000	1,329,169,000	1,613,994,000	1,613,994,000
Total Liabilities	2,041,256,000	2,029,336,000	2,279,764,000	2,279,764,000
Shareholders Equity
Retained Earnings	-46,879,000	2,565,000	0	0
Total Shareholders Equity	865,644,000	903,051,000	877,360,000	877,360,000

Balance sheet annual history for Vestis Corporation (VSTS).
Balance Sheet (Annual)	2025-10-03	2024-09-27	2023-09-30	2023-09-29	2022-09-30
Assets
Cash and Cash Equivalents	29,748,000	31,010,000	36,051,000	36,051,000	23,736,000
Short Term Investments	0	0	0	0	0
Net Receivables	162,295,000	177,271,000	392,916,000	392,916,000	368,714,000
Inventory	179,020,000	561,007,000	573,755,000	573,754,000	576,579,000
Total Current Assets	850,031,000	787,389,000	1,019,965,000	1,019,965,000	987,281,000
Property Plant Equipment	748,570,000	744,388,000	722,421,000	722,421,000	722,166,000
Goodwill and Intangibles	1,150,569,000	1,176,617,000	1,202,151,000	1,202,151,000	1,227,639,000
Total Assets	2,906,900,000	2,932,387,000	3,157,124,000	3,157,124,000	3,133,012,000
Liabilities
Account Payables	158,362,000	163,054,000	134,498,000	134,498,000	167,125,000
Short Term Debt	55,423,000	51,233,000	73,844,000	73,844,000	41,381,000
Total Current Liabilities	408,964,000	456,102,000	395,525,000	395,525,000	402,195,000
Long Term Debt	416,206,000	1,329,169,000	1,613,994,000	1,613,994,000	140,800,000
Total Liabilities	2,041,256,000	2,029,336,000	2,279,764,000	2,279,764,000	797,200,000
Shareholders Equity
Retained Earnings	-46,879,000	2,565,000	0	0	0
Total Shareholders Equity	865,644,000	903,051,000	877,360,000	877,360,000	2,335,812,000

Cash flow quarterly history for Vestis Corporation (VSTS).
Cash Flow Statement (Quarterly)	2025-10-03	2024-09-27	2023-09-30	2023-09-29
Operating Activities
Net Income	-40,223,000	20,970,000	213,158,000	213,158,000
Depreciation & Amortization	143,017,000	140,781,000	136,504,000	136,504,000
Stock Based Compensation	11,565,000	16,336,000	14,467,000	14,467,000
Change in Working Capital	-43,832,000	302,689,000	-77,389,000	-77,389,000
Operating Cash Flow	64,229,000	471,788,000	256,977,000	256,977,000
Investing Activities
Capital Expenditure	-58,460,000	-78,905,000	-77,870,000	-77,870,000
Investments	0	-78,905,000	-77,870,000	-77,870,000
Investing Cash Flow	-19,817,000	-73,636,000	-14,746,000	-14,746,000
Financing Activities
Debt Repayment	-30,124,000	-370,108,000	-27,601,000	-27,601,000
Common Stock Issued/Repurchased	0	0	0	0
Dividends Paid	-13,822,000	-19,852,000	-1,688,919,000	-1,688,919,000
Financing Cash Flow	-46,057,000	-402,975,000	-230,269,000	-230,269,000
Summary
Free Cash Flow	64,229,000	392,883,000	179,107,000	179,107,000
Net Change in Cash	-1,262,000	-5,041,000	12,315,000	12,315,000

Cash flow annual history for Vestis Corporation (VSTS).
Cash Flow Statement (Annual)	2025-10-03	2024-09-27	2023-09-30	2023-09-29	2022-09-30
Operating Activities
Net Income	-40,223,000	20,970,000	213,158,000	213,158,000	141,679,000
Depreciation & Amortization	143,017,000	140,781,000	136,504,000	136,504,000	134,352,000
Stock Based Compensation	11,565,000	16,336,000	14,467,000	14,467,000	17,398,000
Change in Working Capital	-43,832,000	302,689,000	-77,389,000	-77,389,000	-107,368,000
Operating Cash Flow	64,229,000	471,788,000	256,977,000	256,977,000	232,847,000
Investing Activities
Capital Expenditure	-58,460,000	-78,905,000	-77,870,000	-77,870,000	-76,449,000
Investments	0	-78,905,000	-77,870,000	-77,870,000	-76,449,000
Investing Cash Flow	-19,817,000	-73,636,000	-14,746,000	-14,746,000	-86,133,000
Financing Activities
Debt Repayment	-30,124,000	-370,108,000	-27,601,000	-27,601,000	-28,041,000
Common Stock Issued/Repurchased	0	0	0	0	0
Dividends Paid	-13,822,000	-19,852,000	-1,688,919,000	-1,688,919,000	-134,502,000
Financing Cash Flow	-46,057,000	-402,975,000	-230,269,000	-230,269,000	-162,543,000
Summary
Free Cash Flow	64,229,000	392,883,000	179,107,000	179,107,000	156,398,000
Net Change in Cash	-1,262,000	-5,041,000	12,315,000	12,315,000	-17,370,000