Vestis (VSTS) financial statements
Vestis reported revenue of $2.7B in fiscal 2025, up 0.6% a year over 3 years.
Net income was -$40M and the operating margin 2.4%, against 7.2% in 2022.
Free cash flow was $6M, and the company returned $14M in dividends.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Vestis's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $2.7B | $2.8B | $2.8B | $2.7B |
| Cost of revenue | $1.9B | $2.0B | $2.0B | $2.0B |
| Gross profit | $777M | $855M | $816M | $725M |
| Selling, general and admin | $451M | $501M | $517M | $517M |
| Operating income | $192M | $218M | $158M | $64M |
| Interest expense | $5M | $2M | $127M | $94M |
| Pre-tax income | $190M | $270M | $32M | -$44M |
| Income tax | $48M | $57M | $11M | -$4M |
| Net income | $142M | $213M | $21M | -$40M |
| EPS (diluted) | $1.08 | $1.63 | $0.16 | -$0.31 |
| Diluted shares | 131M | 131M | 132M | 132M |
| Gross margin | 28.9% | 30.3% | 29.1% | 26.5% |
| Operating margin | 7.2% | 7.7% | 5.6% | 2.4% |
| Net margin | 5.3% | 7.5% | 0.7% | -1.5% |
Balance sheet
Fiscal years, from Vestis's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Cash and short-term investments | $24M | $36M | $31M | $30M |
| Receivables | — | $393M | $177M | $162M |
| Inventory | — | $175M | $165M | $179M |
| Total current assets | — | $1.0B | $813M | $850M |
| Property, plant and equipment | — | $665M | $671M | $663M |
| Goodwill | $963M | $964M | $964M | $962M |
| Total assets | — | $3.2B | $2.9B | $2.9B |
| Total current liabilities | — | $396M | $456M | $409M |
| Long-term debt | — | $1.5B | $1.1B | $1.2B |
| Total liabilities | — | $2.3B | $2.0B | $2.0B |
| Shareholders' equity | $2.3B | $877M | $903M | $866M |
| Net debt | -$24M | $1.5B | $1.1B | $1.1B |
Cash flow
Fiscal years, from Vestis's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Operating cash flow | $233M | $257M | $472M | $64M |
| Capital spending | $76M | $78M | $79M | $58M |
| Free cash flow | $156M | $179M | $393M | $6M |
| Stock-based compensation | $17M | $14M | $16M | $12M |
| Dividends paid | $0 | $0 | $14M | $14M |
| Net borrowing | $0 | $1.5B | -$340M | $6M |
| Free cash flow margin | 5.8% | 6.3% | 14.0% | 0.2% |
| Dividends per share | — | — | $0.10 | $0.10 |
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Open VSTS in InvestinglyQuestions
What was Vestis's revenue in 2025?
$2.7B in fiscal 2025, from its 10-K filing.
How much free cash flow does Vestis generate?
$6M in fiscal 2025 (operating cash flow minus capital spending).
From Vestis's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.