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Vestis (VSTS) Financials

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$7.76 -0.22 (-2.71%)
Closing price 03:59 PM Eastern
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$7.76 -0.01 (-0.12%)
As of 04:47 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 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders		 142 213 21
Consolidated Net Income / (Loss)		 142 213 21
Net Income / (Loss) Continuing Operations		 142 213 21
Total Pre-Tax Income 		190 270 32
Total Operating Income		 192 218 158
Total Gross Profit		 2,687 855 2,806
Total Revenue		 2,687 2,825 2,806
Operating Revenue		 2,687 2,825 2,806
Total Cost of Revenue		 0.00 1,970 0.00
Total Operating Expenses		 2,495 637 2,648
Selling, General & Admin Expense		 451 501 517
Depreciation Expense		 134 137 141
Other Operating Expenses / (Income)		 1,910 - 1,990
Total Other Income / (Expense), net		 -2.28 52 -126
Interest Expense		 4.55 2.11 127
Interest & Investment Income		 0.00 52 0.00
Other Income / (Expense), net		 2.26 2.10 0.64
Income Tax Expense		 48 57 11
Basic Earnings per Share		 $1.08 $1.63 $0.16
Weighted Average Basic Shares Outstanding		 130.73M 130.73M 131.51M
Diluted Earnings per Share		 $1.08 $1.63 $0.16
Weighted Average Diluted Shares Outstanding		 130.73M 130.73M 131.79M
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 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Net Income / (Loss) Attributable to Common Shareholders		 33 37 49 94 12 5.97 5.04 -2.30 0.83
Consolidated Net Income / (Loss)		 33 37 49 94 12 5.97 5.04 -2.30 0.83
Net Income / (Loss) Continuing Operations		 33 37 49 94 12 5.97 5.04 -2.30 0.83
Total Pre-Tax Income 		45 50 66 109 17 8.34 8.14 -1.27 1.54
Total Operating Income		 44 49 66 58 48 43 38 30 30
Total Gross Profit		 701 699 709 -1,254 718 705 698 1,187 684
Total Revenue		 701 699 709 716 718 705 698 684 684
Operating Revenue		 701 699 709 716 718 705 698 684 684
Total Cost of Revenue		 0.00 0.00 0.00 1,970 0.00 0.00 0.00 -502 0.00
Total Operating Expenses		 656 650 643 -1,312 670 662 661 1,157 653
Selling, General & Admin Expense		 126 117 124 133 133 123 130 132 121
Depreciation Expense		 34 34 34 35 35 35 35 35 37
Other Operating Expenses / (Income)		 496 499 485 - 502 504 496 - 495
Total Other Income / (Expense), net		 0.19 0.16 -0.08 52 -31 -35 -29 -31 -29
Interest & Investment Income		 - - - - -32 - - - -23
Other Income / (Expense), net		 0.19 0.16 -0.08 1.83 0.76 -35 -29 96 -5.76
Income Tax Expense		 11 13 17 15 4.56 2.38 3.10 1.03 0.71
Basic Earnings per Share		 $0.26 $0.28 $0.37 $0.72 $0.09 $0.05 $0.04 ($0.02) $0.01
Weighted Average Basic Shares Outstanding		 130.73M 130.73M 130.73M 130.73M 131.39M 131.52M 131.54M 131.51M 131.59M
Diluted Earnings per Share		 $0.26 $0.28 $0.37 $0.72 $0.09 $0.05 $0.04 ($0.02) $0.01
Weighted Average Diluted Shares Outstanding		 130.73M 130.73M 130.73M 130.73M 131.74M 131.89M 131.83M 131.79M 132.12M
Weighted Average Basic & Diluted Shares Outstanding		 - - - 0.00 131.44M 131.45M 131.48M 131.53M 131.75M
Cash Dividends to Common per Share		 - - - - $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 2022 2023 2024
Net Change in Cash & Equivalents		 -17 12 -5.04
Net Cash From Operating Activities		 233 257 472
Net Cash From Continuing Operating Activities		 233 257 472
Net Income / (Loss) Continuing Operations		 142 213 21
Consolidated Net Income / (Loss)		 142 213 21
Depreciation Expense		 134 137 141
Amortization Expense		 0.00 0.00 4.68
Non-Cash Adjustments To Reconcile Net Income		 44 -30 22
Changes in Operating Assets and Liabilities, net		 -87 -63 283
Net Cash From Investing Activities		 -86 -15 -74
Net Cash From Continuing Investing Activities		 -86 -15 -74
Purchase of Property, Plant & Equipment		 -76 -78 -79
Acquisitions		 -17 0.00 0.00
Sale of Property, Plant & Equipment		 7.32 11 5.27
Divestitures		 0.00 52 0.00
Other Investing Activities, net		 0.20 0.08 0.00
Net Cash From Financing Activities		 -163 -230 -403
Net Cash From Continuing Financing Activities		 -163 -230 -403
Repayment of Debt		 0.00 -14 -1,151
Payment of Dividends		 -135 -1,689 -20
Issuance of Debt		 0.00 1,500 798
Other Financing Activities, net		 -28 -28 -31
Effect of Exchange Rate Changes		 -1.54 0.35 -0.22

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

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

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 Q1 2024 Q2 2024 Q3 2024 Q1 2025
Total Assets		 3,162 3,122 3,146 2,897
Total Current Assets		 1,028 1,005 1,020 810
Cash & Equivalents		 49 31 29 19
Accounts Receivable		 403 406 410 187
Inventories, net		 150 141 154 170
Other Current Assets		 426 427 427 434
Plant, Property, & Equipment, net		 661 655 656 658
Plant, Property & Equipment, gross		 1,707 1,719 1,737 1,732
Accumulated Depreciation		 1,046 1,063 1,081 1,074
Total Noncurrent Assets		 1,473 1,462 1,470 1,430
Goodwill		 965 964 963 960
Intangible Assets		 233 226 219 209
Other Noncurrent Operating Assets		 275 272 288 261
Total Liabilities & Shareholders' Equity		 3,162 3,122 3,146 2,897
Total Liabilities		 2,258 2,221 2,244 1,998
Total Current Liabilities		 394 400 430 449
Short-Term Debt		 26 8.00 8.00 0.00
Accounts Payable		 130 147 151 165
Accrued Expenses		 91 103 117 145
Current Employee Benefit Liabilities		 98 95 105 87
Other Current Liabilities		 49 47 50 52
Total Noncurrent Liabilities		 1,864 1,821 1,815 1,549
Long-Term Debt		 1,455 1,411 1,395 1,128
Capital Lease Obligations		 107 111 112 118
Noncurrent Deferred & Payable Income Tax Liabilities		 208 205 200 187
Other Noncurrent Operating Liabilities		 94 94 108 116
Commitments & Contingencies		 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 904 901 901 900
Total Preferred & Common Equity		 904 901 901 900
Total Common Equity		 904 901 901 900
Common Stock		 921 923 926 933
Retained Earnings		 7.67 9.03 9.47 -1.21
Accumulated Other Comprehensive Income / (Loss)		 -25 -31 -35 -32

Annual Metrics and Ratios for Vestis

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

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

Quarterly Metrics and Ratios for Vestis

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

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

Frequently Asked Questions About Vestis' Financials

When does Vestis's fiscal year end?

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

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 4/15/2025 by MarketBeat.com Staff
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