Vestis (VSTS)
Market Price (8/24/2026): $12.69 | Market Cap: $1.7 BilSector: Industrials | Industry: Diversified Support Services
Vestis (VSTS)
Market Price (8/24/2026): $12.69Market Cap: $1.7 BilSector: IndustrialsIndustry: Diversified Support Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldFCF Yield is 8.1% Megatrend and thematic driversMegatrends include Sustainable Consumption, Sustainable Resource Management, and Automation & Robotics. Themes include Circular Fashion, Show more. | Weak multi-year price returns2Y Excs Rtn is -41%, 3Y Excs Rtn is -99% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 76% Stock price has recently run up significantly12M Rtn12 month market price return is 165% Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.1%, Rev Chg QQuarterly Revenue Change % is -1.8% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 62% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.7% Key risksVSTS key risks include [1] persistent customer churn and operational underperformance leading to declining revenue, Show more. |
| Attractive yieldFCF Yield is 8.1% |
| Megatrend and thematic driversMegatrends include Sustainable Consumption, Sustainable Resource Management, and Automation & Robotics. Themes include Circular Fashion, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -41%, 3Y Excs Rtn is -99% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 76% |
| Stock price has recently run up significantly12M Rtn12 month market price return is 165% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.1%, Rev Chg QQuarterly Revenue Change % is -1.8% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 62% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.7% |
| Key risksVSTS key risks include [1] persistent customer churn and operational underperformance leading to declining revenue, Show more. |
Qualitative Assessment
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Vestis (VSTS) stock has gained about 30% since 4/30/2026 because of the following key factors:
1. Vestis reported significant earnings beats and a return to net profitability in its fiscal Q2 2026 and fiscal Q3 2026.
Vestis Corporation's fiscal year runs from October 4 to October 3. The company reported adjusted earnings per share (EPS) of $0.02 for fiscal Q2 2026 (ended April 3, 2026), a turnaround from a loss of $0.21 in the prior year's second quarter. For fiscal Q3 2026 (ended July 3, 2026), Vestis announced an adjusted EPS of $0.18, significantly surpassing the consensus estimate of $0.10 by 80%. This quarter also marked a return to net profitability, with net income reaching $11.0 million, compared to a net loss of $0.7 million in the same period last year.
2. The company increased its full-year fiscal 2026 financial outlook, signaling improved future performance.
Management raised the full-year fiscal 2026 free cash flow guidance to a range of $160 million to $170 million, representing a $30 million increase at the midpoint from the previous guidance of $120 million to $150 million. Additionally, the adjusted EBITDA midpoint for fiscal 2026 was increased to $312.5 million. This upward revision in key financial metrics suggested a more optimistic outlook for the company's operational efficiency and cash generation capabilities.
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Vestis (VSTS) stock has gained about 30% since 4/30/2026 because of the following key factors:
1. Vestis reported significant earnings beats and a return to net profitability in its fiscal Q2 2026 and fiscal Q3 2026.
Vestis Corporation's fiscal year runs from October 4 to October 3. The company reported adjusted earnings per share (EPS) of $0.02 for fiscal Q2 2026 (ended April 3, 2026), a turnaround from a loss of $0.21 in the prior year's second quarter. For fiscal Q3 2026 (ended July 3, 2026), Vestis announced an adjusted EPS of $0.18, significantly surpassing the consensus estimate of $0.10 by 80%. This quarter also marked a return to net profitability, with net income reaching $11.0 million, compared to a net loss of $0.7 million in the same period last year.
2. The company increased its full-year fiscal 2026 financial outlook, signaling improved future performance.
Management raised the full-year fiscal 2026 free cash flow guidance to a range of $160 million to $170 million, representing a $30 million increase at the midpoint from the previous guidance of $120 million to $150 million. Additionally, the adjusted EBITDA midpoint for fiscal 2026 was increased to $312.5 million. This upward revision in key financial metrics suggested a more optimistic outlook for the company's operational efficiency and cash generation capabilities.
3. Progress in Vestis' strategic transformation plan led to tangible operational improvements.
Vestis demonstrated progress in its strategic transformation efforts during fiscal Q3 2026. The company reported a 9% increase in plant productivity and an 80 basis point improvement in on-time delivery. Furthermore, Revenue Per Pound increased by 3% year over year, marking the first time this metric has grown since the company became public. These operational advancements, coupled with approximately $30 million in benefits realized from the transformation plan by fiscal Q3 2026, contributed to a 23% increase in adjusted EBITDA on a covenant-adjusted basis.
4. Positive analyst price target revisions indicated growing confidence in Vestis' stock.
Following the favorable earnings reports and improved outlook, several analysts raised their price targets for Vestis. Robert W. Baird, for instance, increased its price target to $16 from $15 in August 2026, while maintaining a "neutral" rating. Earlier in May 2026, Barclays boosted its target price from $6.00 to $9.00. These upward adjustments in price targets reflected a positive shift in analyst sentiment regarding Vestis' valuation and growth prospects.
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Stock Movement Drivers
Fundamental Drivers
The 30.6% change in VSTS stock from 4/30/2026 to 8/23/2026 was primarily driven by a 31.6% change in the company's P/S Multiple.| (LTM values as of) | 4302026 | 8232026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.72 | 12.69 | 30.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,714 | 2,696 | -0.7% |
| P/S Multiple | 0.5 | 0.6 | 31.6% |
| Shares Outstanding (Mil) | 132 | 132 | -0.2% |
| Cumulative Contribution | 30.6% |
Market Drivers
4/30/2026 to 8/23/2026| Return | Correlation | |
|---|---|---|
| VSTS | 30.6% | |
| Market (SPY) | 6.5% | 2.4% |
| Sector (XLI) | 3.2% | 2.0% |
Fundamental Drivers
The 94.3% change in VSTS stock from 1/31/2026 to 8/23/2026 was primarily driven by a 97.5% change in the company's P/S Multiple.| (LTM values as of) | 1312026 | 8232026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.53 | 12.69 | 94.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,735 | 2,696 | -1.4% |
| P/S Multiple | 0.3 | 0.6 | 97.5% |
| Shares Outstanding (Mil) | 132 | 132 | -0.2% |
| Cumulative Contribution | 94.3% |
Market Drivers
1/31/2026 to 8/23/2026| Return | Correlation | |
|---|---|---|
| VSTS | 94.3% | |
| Market (SPY) | 11.0% | 17.1% |
| Sector (XLI) | 9.3% | 11.4% |
Fundamental Drivers
The 109.4% change in VSTS stock from 7/31/2025 to 8/23/2026 was primarily driven by a 112.7% change in the company's P/S Multiple.| (LTM values as of) | 7312025 | 8232026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.06 | 12.69 | 109.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,732 | 2,696 | -1.3% |
| P/S Multiple | 0.3 | 0.6 | 112.7% |
| Shares Outstanding (Mil) | 132 | 132 | -0.3% |
| Cumulative Contribution | 109.4% |
Market Drivers
7/31/2025 to 8/23/2026| Return | Correlation | |
|---|---|---|
| VSTS | 109.4% | |
| Market (SPY) | 22.2% | 19.0% |
| Sector (XLI) | 19.8% | 18.5% |
Fundamental Drivers
nullnull
Market Drivers
7/31/2023 to 8/23/2026| Return | Correlation | |
|---|---|---|
| VSTS | ||
| Market (SPY) | 73.2% | 28.8% |
| Sector (XLI) | 70.0% | 30.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| VSTS Return | - | - | 25% | -27% | -56% | 92% | -24% |
| Peers Return | -0% | -2% | 3% | 16% | 13% | 31% | 73% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 103% |
Monthly Win Rates [3] | |||||||
| VSTS Win Rate | - | - | 67% | 50% | 33% | 50% | |
| Peers Win Rate | 53% | 52% | 55% | 60% | 50% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| VSTS Max Drawdown | - | - | - | -58% | -75% | -22% | |
| Peers Max Drawdown | -27% | -28% | -25% | -17% | -25% | -16% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CTAS, UNF, ARMK, ABM, HCSG.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/21/2026 (YTD)
How Low Can It Go
| Event | VSTS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -60.1% | -18.8% |
| % Gain to Breakeven | 150.7% | 23.1% |
| Time to Breakeven | 414 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -15.9% | -9.5% |
| % Gain to Breakeven | 19.0% | 10.5% |
| Time to Breakeven | 19 days | 24 days |
In The Past
Vestis's stock fell -60.1% during the 2025 US Tariff Shock. Such a loss loss requires a 150.7% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | VSTS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -60.1% | -18.8% |
| % Gain to Breakeven | 150.7% | 23.1% |
| Time to Breakeven | 414 days | 79 days |
In The Past
Vestis's stock fell -60.1% during the 2025 US Tariff Shock. Such a loss loss requires a 150.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Vestis (VSTS)
Vestis Corporation (VSTS) is a business services company primarily engaged in providing customized uniform rental and purchase programs. The company helps businesses across various sectors manage their professional attire needs, offering solutions that range from standard uniforms to specialized protective wear, all designed to ensure operational efficiency and compliance.
Beyond its core uniform services, Vestis offers a comprehensive suite of facility service products. These include essential items such as floor mats, towel service, restroom supplies, equipment, and mops. The company also provides specialized products like first aid supplies and uniforms designed for specific environments, including flame-resistant, cleanroom, and healthcare apparel. Vestis operates geographically across the United States, Canada, Puerto Rico, and Japan.
Vestis serves a broad and diverse client base, focusing on industries with significant uniform and facility supply requirements. Its primary customers come from sectors such as food service, food processing, automotive, and general manufacturing. Additionally, the company caters to the distinct needs of healthcare facilities and cleanroom environments, delivering tailored solutions that support their unique operational standards and safety protocols.
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Cintas, but for a broader range of industries and specialized uniform and facility service needs.
Sysco, but for uniforms and essential facility supplies instead of food products.
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- Customized Uniform Rental and Purchase Programs: Services offering businesses tailored solutions for uniform acquisition and maintenance.
- Uniforms: General apparel provided for various industries.
- Floor Mats: Rental and supply of industrial floor mats for facility safety and cleanliness.
- Towel Service: Commercial provision of clean towels for various business needs.
- Restroom Supplies: Distribution of essential products for commercial restroom maintenance.
- Equipment: Provision of various industrial equipment, likely for facility operations.
- Mops: Supply of commercial-grade mops for cleaning and facility maintenance.
- First Aid Supplies: Provision of first aid kits and supplies for workplace safety.
- Flame Resistant Apparel: Specialized uniforms designed to protect against flames.
- Cleanroom Supplies: Products and apparel specifically designed for controlled cleanroom environments.
- Healthcare Supplies: Dedicated products and apparel tailored for the healthcare industry.
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Vestis Corporation (VSTS) primarily operates on a Business-to-Business (B2B) model, providing customized uniform rental and purchase programs, along with facility services, to other companies.
Due to the diversified nature of its customer base, Vestis does not disclose specific "major customers" by name that individually account for a significant portion of its revenue. Public filings indicate that no single customer accounted for 10% or more of its consolidated net revenues in recent fiscal years.
Instead, Vestis serves a broad range of businesses across various industries. These customer categories include:
- Food Service: Businesses such as restaurants, catering companies, and cafeterias.
- Food Processing: Companies involved in the manufacturing, preparation, and packaging of food products.
- Automotive: Entities like dealerships, repair shops, and manufacturing facilities within the automotive sector.
- Manufacturing: A wide array of industrial and production companies that require uniforms and facility supplies.
- Healthcare: Institutions such as hospitals, clinics, and nursing homes.
- Cleanroom: Specialized industries like pharmaceuticals, biotechnology, and electronics manufacturing that demand stringent contamination control.
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Jim Barber President, Chief Executive Officer
Jim Barber joined Vestis in June 2025 and also serves as a member of the Board of Directors. He previously had a distinguished 35-year career at UPS, where he most recently served as Chief Operating Officer. In this role, he was responsible for overseeing a complex, global route-based delivery network. His career at UPS began as a delivery driver, and he held various leadership positions, including President of UPS International and President of UPS Europe. Mr. Barber has also served on the boards of multiple public companies.
Adam K. Bowen Interim Chief Financial Officer
Adam K. Bowen is the Interim Chief Financial Officer of Vestis. He joined Vestis in February 2025 as Vice President of Financial Planning & Analysis and was appointed Interim Chief Financial Officer in December 2025. Prior to joining Vestis, Mr. Bowen served as Chief Accounting Officer of Sonder Holdings, Inc. and previously as Chief Accounting Officer of BlueLinx Holdings Inc., where he also held senior finance leadership roles in controllership, internal audit, and enterprise risk management. Earlier in his career, he held internal audit positions with Abbott Laboratories and its acquired subsidiary Alere, Inc., as well as roles at KPMG LLP and Southern Company. He brings over 20 years of strategic finance experience to his role.
Bill Seward Executive Vice President, Chief Operating Officer
Bill Seward joined Vestis in September 2024 as Executive Vice President and Chief Operating Officer. Before Vestis, he was the President of UPS Supply Chain Solutions, where he was responsible for multiple business units including global logistics, freight forwarding, warehousing, and distribution. Prior to returning to UPS in 2019, Mr. Seward served as Executive Vice President and Chief Commercial Officer for Stericycle, Inc.
Butch Bouchard EVP, Chief Legal Officer, General Counsel & Corporate Secretary
Butch Bouchard joined Vestis in February 2025 to serve as Executive Vice President, Chief Legal Officer, General Counsel & Corporate Secretary. He possesses over 30 years of experience in legal and operational leadership roles, including 17 years as a public company General Counsel. From January 2008 to January 2025, Mr. Bouchard served as Chief Legal Officer and General Counsel, and in various compliance and risk management roles for Team, Inc. (NYSE: TISI).
Wendy Zacchio Senior Vice President, Chief Information Officer and Chief Digital Officer
Wendy Zacchio joined Vestis in October 2025 as Senior Vice President, Chief Information Officer and Chief Digital Officer. Previously, Ms. Zacchio served as Enterprise Chief Information Officer at Zelis, where she was responsible for enterprise platforms, cybersecurity, and global technology. Before that, she was Chief Information Officer of International Markets at Cigna, overseeing technology and teams across more than 30 countries.
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The key risks to Vestis Corporation (VSTS) primarily revolve around its financial leverage, coupled with struggles in revenue growth and customer retention, and the inherent challenges in executing its strategic transformation.
- High Leverage and Financial Strain: Vestis Corporation faces significant financial risk due to its high net-debt-to-EBITDA ratio, which has been reported as high as 6 times, contributing to rising financial strain and limiting its financial flexibility. This elevated debt level could lead to increased borrowing costs and make it challenging to meet other obligations. Furthermore, the company's reliance on a revolving accounts receivable securitization facility means that a deterioration in customer credit quality or increased delinquencies could jeopardize this financing, potentially forcing Vestis to seek alternative funding at less favorable terms. There are also risks associated with restrictive debt covenants, which if violated, could result in early repayment demands or termination of financing.
- Weak Revenue Growth, Declining Earnings, and Customer Attrition: Vestis has experienced weak long-term revenue growth, with annual growth rates around 1.8% and even recent declines in revenue. Compounding this, the company's earnings have been declining, turning negative over the past three years, and it has missed analyst forecasts for both earnings per share and revenue. A major concern is the company's difficulty in retaining existing customers, renewing contracts on comparable terms, and acquiring new business. Reports indicate "lost business in excess of new business" and "lower adds over stops" with existing customers, highlighting significant customer attrition. This persistent struggle with customer retention and revenue generation directly impacts profitability and amplifies financial risks.
- Operational and Execution Risks, including Restructuring: The company is undertaking a multi-year restructuring plan aimed at achieving cost savings, but there are inherent execution risks that could impede its success. Operational challenges, such as supply chain disruptions, volatile fuel and energy costs, and increasing labor expenses, can negatively impact operating margins. Additionally, Vestis operates in a competitive industry, which could further affect its business and market share. Unfavorable macroeconomic conditions, including inflationary pressures and higher interest rates, also pose ongoing risks by potentially reducing demand for Vestis's services and increasing its operational costs.
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Vestis Corporation (VSTS) operates in several addressable markets across North America and Japan, primarily offering uniform rental programs and a range of workplace supplies.
Uniform Rental and Cleaning Services
- The global uniform rental market was valued at $19.2 billion in 2023 and is projected to grow to $25.3 billion by 2031. Another estimate places the global uniform rental market size at $22.7 billion in 2024, with a projection to reach $38.7 billion by 2033.
- In the United States, the uniform rental market size was $8.7 billion in 2023.
- For Canada, the Industrial Laundry & Linen Supply industry, which includes uniform rental and cleaning, is estimated at $1.9 billion in 2026.
- In Japan, the uniform rental service market size was 92,500 million yen (approximately $620 million USD) in fiscal year 2023, with a forecast to increase to 94,000 million yen (approximately $630 million USD) for fiscal year 2024.
Floor Mats
- The North American entrance floor mat market held the largest revenue share of 30.79% in 2025 within the global market. The North America carpet floor mats market size was $3580.60 million in 2024.
- Specifically in the United States, the carpet floor mat market size was $2825.09 million in 2024. The U.S. also accounts for a significant share (19.6%) of the industrial floor mats market.
Towel Service
- The global towel market was valued at $17 billion in 2024 and is estimated to reach $28.7 billion by 2034.
- In the United States, the towel market generated $2.5 billion in 2024.
- The North America towel market size was estimated at $13.5 billion in 2025 and is projected to reach $18.7 billion by 2032.
Restroom Supplies
- The United States Commercial Bathroom Products Market was valued at $358.08 million in 2023 and is projected to reach $449.45 million by 2032. Another report estimates the market size at $357.69 million in 2024, expecting to reach $369.90 million in 2025 and $435.09 million by 2030.
- The global washroom accessories market size was valued at $3.5 billion in 2024 and is projected to grow to $5.8 billion by 2034.
First Aid and Safety Products
- The global first aid market size was valued at $4.77 billion in 2024 and is projected to reach $6.18 billion by 2030.
- The U.S. first aid market generated a revenue of $1,786.0 million in 2023 and is expected to reach $2,426.2 million by 2030.
- The North American first aid market held the largest share of 47.0% in 2024.
Cleanroom Services
- The U.S. and Europe cleanrooms market size was estimated at $6.37 billion in 2022 and expected to reach $6.54 billion in 2023.
- The U.S. cleanroom technology market generated a revenue of $2,028.9 million in 2024 and is expected to reach $2,717.7 million by 2030.
- The North America cleanroom technology market size was valued at $116.27 million in 2024 and is expected to reach $178.44 million by 2032.
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Here is a summary of Vestis's capital allocation decisions over the last 3-5 years:
Share Repurchases
- Vestis Corporation has made no share repurchases.
- Share repurchases are currently restricted, along with dividends, until at least the first fiscal quarter of 2027, or until the company achieves a net leverage ratio below 4.50x for two consecutive quarters prior to 2027.
Share Issuance
- On September 30, 2023, Vestis Corporation completed its spin-off from Aramark, resulting in the issuance of Vestis common stock to Aramark shareholders.
- Holders of Aramark common stock received one share of Vestis common stock for every two shares of Aramark common stock they held on the record date, September 20, 2023.
Outbound Investments
- In Q1 Fiscal 2025, Vestis made $20 million in voluntary principal payments towards debt reduction, utilizing proceeds from the sale of its Japan joint venture.
Capital Expenditures
- Vestis invested $15.4 million in property and equipment during the fiscal fourth quarter of 2025, primarily for market center facility improvements.
- Capital expenditures totaled $9.4 million in Q2 2026, focused on funding long-term assets and infrastructure, which was a 38.9% decrease from the prior quarter.
- The company's multi-year strategic transformational restructuring plan, expected to be substantially complete by the end of 2027, includes targeted capital investments as part of its "Asset & Network Optimization" priority.
Peer Outperformance in Diversified Support Services
null| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 31 | 25.2% | 124.7% | 202.2% | CDNL 3246% · STRL 2190% · FIX 2132% |
| Marine Transportation | 4 | 57.9% | 61.9% | 150.7% | MATX 212% · KEX 154% · SFL 148% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 12.3% | 66.8% | 120.6% | CAT 324% · ALSN 285% · WAB 252% |
| Aerospace & Defense | 55 | 11.1% | 70.2% | 79.6% | DFNS 2047% · ATI 1042% · FTAI 968% |
| Passenger Ground Transportation | 3 | -5.7% | 65.1% | 69.3% | UBER 96% · CAR 69% · LYFT -63% |
| Industrial Machinery & Supplies & Components | 71 | 11.5% | 56.0% | 56.3% | CRS 1440% · PSIX 846% · GHM 735% |
| Rail Transportation | 7 | 38.3% | 76.2% | 50.1% | FSTR 115% · CSX 65% · UNP 56% |
| Cargo Ground Transportation | 16 | 35.7% | 16.1% | 45.4% | XPO 270% · R 264% · CVLG 222% |
| Diversified Support Services ← | 34 | 8.9% | 37.5% | 34.9% | LIME 4674% · TH 369% · WLFC 347% |
| Trading Companies & Distributors | 18 | 2.2% | 36.4% | 32.1% | DXPE 523% · AIT 303% · URI 232% |
| Building Products | 33 | -8.8% | 15.9% | 28.8% | LMB 436% · GFF 413% · PPIH 289% |
| Electrical Components & Equipment | 41 | 26.1% | 44.8% | 28.3% | POWL 2374% · VRT 856% · BE 849% |
| Industrial Conglomerates | 17 | 15.8% | 26.3% | 4.9% | RCMT 727% · CSW 153% · TTI 145% |
| Office Services & Supplies | 10 | 14.0% | 25.0% | 3.8% | TILE 188% · PBI 159% · EBF 56% |
| Environmental & Facilities Services | 28 | -8.3% | 20.9% | 0.8% | CECO 863% · ADUR 661% · GEO 324% |
| Research & Consulting Services | 13 | -7.2% | -18.4% | -1.6% | HURN 220% · CRAI 97% · GRNQ 31% |
| Agricultural & Farm Machinery | 17 | -1.2% | -3.9% | -14.4% | BLBD 200% · DE 88% · GENC 65% |
| Data Processing & Outsourced Services | 6 | -30.4% | -9.5% | -24.5% | EXLS 59% · BR 16% · G -23% |
| Passenger Airlines | 11 | 5.9% | -4.6% | -29.3% | LTM 2324% · UAL 140% · SKYW 130% |
| Human Resource & Employment Services | 20 | 4.5% | -19.4% | -36.1% | BBSI 89% · ADP 51% · KFY 36% |
| Air Freight & Logistics | 12 | -16.2% | -24.2% | -39.1% | CHRW 78% · FDX 67% · EXPD 62% |
| Security & Alarm Services | 10 | -36.2% | -14.3% | -43.4% | CIX 107% · MG 93% · BCO 52% |
| Airport Services | 3 | -69.1% | -69.0% | -58.3% | JOBY -31% · ASLE -58% · UP -100% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Vestis Earnings Notes | 12/16/2025 | |
| Vestis Stock Drop Looks Sharp, But How Deep Can It Go? | 10/17/2025 | |
| Vestis (VSTS) Operating Cash Flow Comparison | 08/09/2025 | |
| Vestis (VSTS) Net Income Comparison | 08/09/2025 | |
| Vestis (VSTS) Debt Comparison | 08/09/2025 | |
| Vestis (VSTS) EBITDA Comparison | 08/09/2025 | |
| Vestis (VSTS) Tax Expense Comparison | 08/09/2025 | |
| Vestis (VSTS) Revenue Comparison | 08/09/2025 | |
| Vestis (VSTS) Operating Income Comparison | 08/09/2025 | |
| Why Vestis Stock Moved: VSTS Stock Has Lost 67% Since 2023 Fiscal End, Primarily Due To Unfavorable Change In Revenues | 08/08/2025 |
| Title | |
|---|---|
| ARTICLES |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 53.29 |
| Mkt Cap | 4.0 |
| Rev LTM | 5,875 |
| Op Inc LTM | 239 |
| FCF LTM | 241 |
| FCF 3Y Avg | 210 |
| CFO LTM | 338 |
| CFO 3Y Avg | 281 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.9% |
| Rev Chg 3Y Avg | 4.5% |
| Rev Chg Q | 6.2% |
| QoQ Delta Rev Chg LTM | 1.5% |
| Op Inc Chg LTM | 19.7% |
| Op Inc Chg 3Y Avg | 11.5% |
| Op Mgn LTM | 5.1% |
| Op Mgn 3Y Avg | 4.3% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 7.7% |
| CFO/Rev 3Y Avg | 7.6% |
| FCF/Rev LTM | 4.4% |
| FCF/Rev 3Y Avg | 4.8% |
Price Behavior
| Market Price | $12.69 | |
| Market Cap ($ Bil) | 1.7 | |
| First Trading Date | 10/02/2023 | |
| Distance from 52W High | -23.1% | |
| 50 Days | 200 Days | |
| DMA Price | $14.09 | $9.62 |
| DMA Trend | up | up |
| Distance from DMA | -10.0% | 31.9% |
| 3M | 1YR | |
| Volatility | 37.8% | 58.5% |
| Downside Capture | -23.79 | 9.70 |
| Upside Capture | 15.17 | 121.43 |
| Correlation (SPY) | 5.0% | 19.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.40 | 0.06 | 0.15 | 0.82 | 0.93 | -0.10 |
| Up Beta | -1.88 | 0.20 | 0.17 | 0.97 | 1.00 | 0.36 |
| Down Beta | 0.96 | 1.47 | 2.38 | 2.48 | 1.47 | -0.15 |
| Up Capture | -40% | -12% | 41% | 121% | 132% | 39% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 11 | 24 | 35 | 72 | 138 | 361 |
| Down Capture | -37% | -95% | -202% | -81% | 32% | 98% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 11 | 19 | 28 | 54 | 109 | 338 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with VSTS | |
|---|---|---|---|---|
| VSTS | 163.2% | 58.5% | 1.86 | - |
| Sector ETF (XLI) | 20.5% | 17.1% | 0.92 | 17.9% |
| Equity (SPY) | 21.1% | 12.9% | 1.22 | 19.1% |
| Gold (GLD) | 37.5% | 28.8% | 1.10 | -0.5% |
| Commodities (DBC) | 43.2% | 20.2% | 1.66 | -9.1% |
| Real Estate (VNQ) | 12.9% | 13.8% | 0.64 | 29.6% |
| Bitcoin (BTCUSD) | -31.6% | 44.1% | -0.73 | 1.3% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with VSTS | |
|---|---|---|---|---|
| VSTS | -4.6% | 62.5% | 0.15 | - |
| Sector ETF (XLI) | 13.1% | 17.6% | 0.57 | 30.1% |
| Equity (SPY) | 12.9% | 17.2% | 0.57 | 28.7% |
| Gold (GLD) | 20.6% | 18.6% | 0.90 | 3.3% |
| Commodities (DBC) | 10.4% | 19.6% | 0.41 | 3.5% |
| Real Estate (VNQ) | 2.3% | 18.9% | 0.02 | 26.9% |
| Bitcoin (BTCUSD) | 10.4% | 52.8% | 0.38 | 10.0% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with VSTS | |
|---|---|---|---|---|
| VSTS | -2.3% | 62.5% | 0.15 | - |
| Sector ETF (XLI) | 13.8% | 20.0% | 0.60 | 30.1% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 28.7% |
| Gold (GLD) | 12.7% | 16.2% | 0.64 | 3.3% |
| Commodities (DBC) | 8.0% | 18.0% | 0.36 | 3.5% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.20 | 26.9% |
| Bitcoin (BTCUSD) | 63.1% | 66.1% | 1.03 | 10.0% |
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Returns Analyses
Earnings Returns History
Updated 8/20/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/11/2026 | 0.1% | -3.3% | |
| 5/12/2026 | 29.0% | 30.9% | 40.0% |
| 2/10/2026 | 16.1% | 3.1% | 2.5% |
| 12/1/2025 | -7.3% | 10.1% | -2.1% |
| 8/5/2025 | -5.8% | -27.2% | -24.7% |
| 5/6/2025 | -37.5% | -26.3% | -29.0% |
| 1/31/2025 | -11.7% | -13.2% | -26.6% |
| 11/21/2024 | 17.4% | 21.6% | 23.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 6 | 6 | 5 |
| # Negative | 6 | 6 | 6 |
| Median Positive | 12.1% | 9.9% | 23.4% |
| Median Negative | -12.3% | -20.6% | -25.7% |
| Max Positive | 29.0% | 30.9% | 40.0% |
| Max Negative | -45.0% | -42.8% | -33.3% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/11/2026 | 0.1% | -3.3% | |
| 5/12/2026 | 29.0% | 30.9% | 40.0% |
| 2/10/2026 | 16.1% | 3.1% | 2.5% |
| 12/1/2025 | -7.3% | 10.1% | -2.1% |
| 8/5/2025 | -5.8% | -27.2% | -24.7% |
| 5/6/2025 | -37.5% | -26.3% | -29.0% |
| 1/31/2025 | -11.7% | -13.2% | -26.6% |
| 11/21/2024 | 17.4% | 21.6% | 23.4% |
| 8/7/2024 | 1.7% | 5.8% | 22.3% |
| 5/2/2024 | -45.0% | -42.8% | -33.3% |
| 2/7/2024 | -12.9% | -15.0% | -14.7% |
| 11/29/2023 | 8.1% | 9.7% | 26.3% |
| SUMMARY STATS | |||
| # Positive | 6 | 6 | 5 |
| # Negative | 6 | 6 | 6 |
| Median Positive | 12.1% | 9.9% | 23.4% |
| Median Negative | -12.3% | -20.6% | -25.7% |
| Max Positive | 29.0% | 30.9% | 40.0% |
| Max Negative | -45.0% | -42.8% | -33.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/11/2026 | 10-Q |
| 03/31/2026 | 05/12/2026 | 10-Q |
| 12/31/2025 | 02/10/2026 | 10-Q |
| 09/30/2025 | 12/02/2025 | 10-K |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/05/2025 | 10-Q |
| 09/30/2024 | 11/22/2024 | 10-K |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 02/09/2024 | 10-Q |
| 09/30/2023 | 12/21/2023 | 10-K |
| 06/30/2023 | 09/06/2023 | 10-12B/A |
| 03/31/2023 | 07/28/2023 | DRS/A |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/11/2026 | 10-Q |
| 03/31/2026 | 05/12/2026 | 10-Q |
| 12/31/2025 | 02/10/2026 | 10-Q |
| 09/30/2025 | 12/02/2025 | 10-K |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/05/2025 | 10-Q |
| 09/30/2024 | 11/22/2024 | 10-K |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 02/09/2024 | 10-Q |
| 09/30/2023 | 12/21/2023 | 10-K |
| 06/30/2023 | 09/06/2023 | 10-12B/A |
| 03/31/2023 | 07/28/2023 | DRS/A |
Recent Forward Guidance
Updated 8/12/2026Latest: Q3 2026 Earnings Reported 8/11/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2026 Adjusted EBITDA | 84.00 Mil | 86.50 Mil | 89.00 Mil | ||||
| 2026 Revenue Growth | -2.0% | -1.0% | 0.0% | 0 | Affirmed | Guidance: -1.0% for 2026 | |
| 2026 Adjusted EBITDA | 310.00 Mil | 312.50 Mil | 315.00 Mil | 0.8% | Raised | Guidance: 310.00 Mil for 2026 | |
| 2026 Free Cash Flow | 160.00 Mil | 165.00 Mil | 170.00 Mil | 22.2% | Raised | Guidance: 135.00 Mil for 2026 | |
Prior: Q2 2026 Earnings Reported 5/12/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 Adjusted EBITDA Sequential Improvement | 0.05 | 0.0% | Affirmed | Guidance: 0.05 for 2026 | |||
| Q4 2026 Adjusted EBITDA Sequential Improvement | 0.05 | 0.07 | 0.1 | 2.5% | Raised | Guidance: 0.05 for 2026 | |
| 2026 Revenue Growth | -2.0% | -1.0% | 0.0% | Affirmed | Guidance: -1.0% for 2026 | ||
| 2026 Adjusted EBITDA | 295.00 Mil | 310.00 Mil | 325.00 Mil | 3.3% | Raised | Guidance: 300.00 Mil for 2026 | |
| 2026 Free Cash Flow | 120.00 Mil | 135.00 Mil | 150.00 Mil | 145.5% | Raised | Guidance: 55.00 Mil for 2026 | |
Q1 2026 Earnings Reported 2/10/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue Growth | -2.0% | -1.0% | 0.0% | Affirmed | Guidance: -1.0% for 2026 | ||
| 2026 Adjusted EBITDA | 285.00 Mil | 300.00 Mil | 0.0% | Affirmed | Guidance: 300.00 Mil for 2026 | ||
| 2026 Free Cash Flow | 50.00 Mil | 55.00 Mil | 0.0% | Affirmed | Guidance: 55.00 Mil for 2026 | ||
| 2026 Adjusted EBITDA Growth | 5.0% | ||||||
Insider Activity
Updated 7/2/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Pertz, Douglas A | Direct | Buy | 12222025 | 6.90 | 15,000 | 103,455 | 2,220,905 | Form | |
| 2 | Pertz, Douglas A | Direct | Buy | 12222025 | 6.90 | 10,000 | 68,990 | 2,118,064 | Form | |
| 3 | Meister, Keith A | See footnotes | Buy | 12172025 | 6.79 | 209,842 | 1,424,827 | 134,536,809 | Form | |
| 4 | Meister, Keith A | See footnotes | Buy | 12172025 | 6.81 | 800,222 | 5,449,512 | 133,504,064 | Form | |
| 5 | Goetz, William | Direct | Buy | 12092025 | 7.42 | 6,746 | 50,082 | 221,804 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Pertz, Douglas A | Direct | Buy | 12222025 | 6.90 | 15,000 | 103,455 | 2,220,905 | Form | |
| 2 | Pertz, Douglas A | Direct | Buy | 12222025 | 6.90 | 10,000 | 68,990 | 2,118,064 | Form | |
| 3 | Meister, Keith A | See footnotes | Buy | 12172025 | 6.79 | 209,842 | 1,424,827 | 134,536,809 | Form | |
| 4 | Meister, Keith A | See footnotes | Buy | 12172025 | 6.81 | 800,222 | 5,449,512 | 133,504,064 | Form | |
| 5 | Goetz, William | Direct | Buy | 12092025 | 7.42 | 6,746 | 50,082 | 221,804 | Form | |
| 6 | Barber, James J | President & CEO | Direct | Buy | 12052025 | 6.36 | 82,367 | 524,044 | 4,087,581 | Form |
| 7 | Barber, James J | President & CEO | Direct | Buy | 12052025 | 6.34 | 81,633 | 517,921 | 3,553,567 | Form |
Investor Activity (13F)
Updated Aug 24, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
| Active Manager |
|---|
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Diversified Support Services Resources |
| Facilities Management Journal (FMJ) |
| Supply Chain Brain |
| Corporate Services News |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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