Breakdown | TTM | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 |
---|---|---|---|---|---|---|
Income Statement | ||||||
Total Revenue | 2.73B | 2.81B | 2.83B | 2.69B | 2.46B | 2.56B |
Gross Profit | 763.23M | 815.95M | 855.07M | 777.33M | 690.94M | 748.01M |
EBITDA | 224.74M | 299.37M | 362.01M | 326.60M | 229.54M | 286.88M |
Net Income | -24.26M | 20.97M | 213.16M | 141.68M | 74.27M | 111.65M |
Balance Sheet | ||||||
Total Assets | 2.90B | 2.93B | 3.16B | 3.13B | 3.11B | 0.00 |
Cash, Cash Equivalents and Short-Term Investments | 28.81M | 31.01M | 36.05M | 23.74M | 41.11M | 0.00 |
Total Debt | 1.40B | 1.38B | 1.69B | 182.18M | 181.58M | 0.00 |
Total Liabilities | 2.02B | 2.03B | 2.28B | 797.20M | 776.40M | 0.00 |
Stockholders Equity | 876.27M | 903.05M | 877.36M | 2.34B | 2.33B | 0.00 |
Cash Flow | ||||||
Free Cash Flow | 277.36M | 392.88M | 179.11M | 156.40M | 154.20M | 173.22M |
Operating Cash Flow | 354.68M | 471.79M | 256.98M | 232.85M | 244.34M | 231.29M |
Investing Cash Flow | -34.61M | -73.64M | -14.75M | -86.13M | -103.16M | -43.37M |
Financing Cash Flow | -322.25M | -402.98M | -230.27M | -162.54M | -125.51M | -175.13M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
80 Outperform | $1.40B | 18.54 | 19.45% | ― | 11.94% | 34.08% | |
65 Neutral | $1.32B | 1,801.24 | 0.18% | ― | 13.91% | ― | |
61 Neutral | C$6.57B | 7.37 | 3.42% | 2.84% | 6.71% | -16.74% | |
59 Neutral | $1.57B | ― | -83.81% | ― | -19.85% | 4.94% | |
59 Neutral | $1.71B | ― | -15.50% | ― | 19.35% | 27.83% | |
55 Neutral | $773.56M | 122.82 | -2.73% | 2.38% | -4.11% | -115.02% | |
38 Underperform | $2.61B | ― | -67.71% | ― | ― | -180.10% |
On May 14, 2025, Vestis Corporation announced the appointment of John Laveck as Vice President and Chief Accounting Officer, effective June 2, 2025. Mr. Laveck, a seasoned accounting professional with experience at Smurfit Westrock, WestRock Corporation, and General Electric, will oversee the company’s accounting operations. His compensation package includes a base salary, bonus eligibility, equity awards, and standard company benefits, reflecting the company’s commitment to attracting experienced leadership.
The most recent analyst rating on (VSTS) stock is a Hold with a $13.00 price target. To see the full list of analyst forecasts on Vestis Corporation stock, see the VSTS Stock Forecast page.
On May 5, 2025, Vestis Corporation announced the appointment of Jim Barber as President and CEO, effective June 2, 2025. Barber, who retired from UPS in 2020 after a 35-year career, will also join the company’s Board of Directors. His compensation package includes a base salary of $950,000, a target annual bonus of 125% of his salary, and equity awards under the company’s Long-Term Incentive Plan. The agreement outlines various terms for termination and benefits, including specific conditions related to a Change of Control.
On May 8, 2025, Angie Kervin, Executive Vice President and Chief Human Resources Officer of Vestis Corporation, announced her resignation effective May 16, 2025. Her departure was a personal decision to pursue another opportunity and not due to any disagreements with the company.
On May 5, 2025, Vestis Corporation and Corvex Management LP amended their Letter Agreement to increase Corvex’s beneficial ownership limit in Vestis from 15% to 20% and economic exposure limit from 17% to 20% during the standstill period. This amendment remains effective as long as Keith A. Meister serves on Vestis’s Board of Directors, potentially impacting the company’s shareholder structure and governance dynamics.
On May 1, 2025, Vestis Corporation amended its Credit Agreement to increase financial flexibility by adjusting the net leverage covenant ratio and restricting dividends and share repurchases until fiscal 2027 or until certain financial conditions are met. The company reported a second-quarter 2025 revenue of $665 million, with an operating loss of $9 million and a net loss of $28 million, while also announcing a leadership transition with Jim Barber appointed as the new CEO effective June 2, 2025.