VSTS Industrials

Vestis Corporation

$14.59-0.61%

Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026

Basics

Sector: Industrials
Industry: Rental & Leasing Services
Country: United States
Market cap: 1.9B USD
Enterprise value: 2.9B USD
Full-time employees: 18,150

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.11 vs a peer median of 0.64) and more debt relative to equity (1.24× vs a peer median of 0.40×)higher risk: bigger price swings (beta 1.11 vs peers 0.64) and more debt vs equity (1.24× vs peers 0.40×)
About average: valuation

Ranks #1,882 of 2,308 industrials companies (bottom 19%)

See how it ranks against its peers

Worth knowing

Operating margin at a 4-year low. 2.4% in FY Sep 2025, the weakest of the last 4 years.
Vestis's operating margin fell to 2.4% in FY Sep 2025, its lowest in the 4 years of filings we have.
Valuation signals disagree. Cheaper than 73% of peers on free cash flow, but only 0% on earnings.
Relative to its free cash flow, Vestis looks cheaper than 73% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.
Sales growing faster than profits. Since FY Sep 2022: revenue +1.8%, operating profit −66%.
Since FY Sep 2022, Vestis's revenue changed +1.8% while operating profit fell 66%: costs rose faster than sales.
Loss over 12 months, profit last quarter. Lost money in the 12 months to July 2026, but made a $11M profit in the quarter to July 2026.
Vestis reported a net loss over the last twelve months, but its most recent quarter was profitable ($11M). One quarter isn't a trend, but it's closer to profitability than the 12-month figure suggests.

StockQuotient Score

33/ 100▲ 1 since Oct 27 close

Oct 5 33 → Nov 4 33

Valuation

Is the price right?

45/100

Moderate▲ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 44 → 45

Share price -3.8%+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Mixed versus peers:

▲ FCF yield
▼ Earnings yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-0.3%

SEC filings · 12 months to Jul 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.28Sector median: 0.0377 · MAD: 0.0294

EBITDA yield8.0%

SEC filings · 12 months to Jul 2026Reported value50% base weight · Z-score 0.25Sector median: 0.0695 · MAD: 0.0425

Free cash flow yield7.1%

SEC filings · 12 months to Jul 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score 0.91Sector median: 0.0370 · MAD: 0.0370

Other data (not scored)

Book yield45.5%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5027 · MAD: 0.2823

Growth

Is it growing?

39/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Revenue growth
▼ 3-yr revenue

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

Still loss-making, but the loss per share narrowed33% base weight · Z-score 0.28Sector median: 0.0709 · MAD: 0.2481

3-year revenue growth0.6%

Yahoo Finance fallback · SEC figure unavailable or out of date · 3 fiscal years to Sep 2025Reported value33% base weight · Z-score -0.58Sector median: 0.0421 · MAD: 0.0625

Revenue growth-0.4%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score -0.62Sector median: 0.0439 · MAD: 0.0766

Profitability

Does it earn well?

23/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ ROA
▼ Operating margin
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin3.6%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score -0.81Sector median: 0.0773 · MAD: 0.0507

Return on assets-0.2%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score -1.37Sector median: 0.0311 · MAD: 0.0241

Return on invested capital4.1%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score -0.55Sector median: 0.0715 · MAD: 0.0558

Other data (not scored)

Gross margin26.3%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.2573 · MAD: 0.1038

Return on equity-0.6%

SEC filings · 12 months to Jul 2026Reported valueInformational · 0% composite weightSector median: 0.0802 · MAD: 0.0639

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why it changed since the Oct 27, 2026 close: Safety percentile 24 → 23

Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ Debt / equity
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.11

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -1.70Sector median: 0.6440 · MAD: 0.2745

Current ratio2.17×

SEC filings · latest balance sheetReported value33% base weight · Z-score 1.02Sector median: 1.6180 · MAD: 0.5360

Debt / equity1.24×

SEC filings · latest balance sheetReported value33% base weight · Z-score -2.47Sector median: 0.4019 · MAD: 0.3378

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Vestis

Is Vestis getting weaker?: Its latest SEC filing (Aug 11, 2026) showed no major changes. Its overall score is 33/100, up 1 since Oct 28, 2026.
How is Vestis valued vs its peers?: Priced about in line with its peers. Valuation scores 45/100 against 2,459 industrials peers. Free cash flow yield 7.1% vs a peer median of 3.7% (stronger than 73% of peers).Free cash flow yield 7.1% vs peers 3.7% (stronger than 73% of peers). Earnings yield -0.3% vs a peer median of 3.8% (weaker than 100% of peers).Earnings yield -0.3% vs peers 3.8% (weaker than 100% of peers).
Is Vestis growing?: More slowly than most of its peers. Growth scores 39/100 against 2,459 industrials peers. Revenue growth -0.4% vs a peer median of 4.4% (weaker than 68% of peers).Revenue growth -0.4% vs peers 4.4% (weaker than 68% of peers).
How profitable is Vestis?: Less profitable than most of its peers. Profitability scores 23/100 against 2,459 industrials peers. Return on assets -0.2% vs a peer median of 3.1% (weaker than 83% of peers).Return on assets -0.2% vs peers 3.1% (weaker than 83% of peers).
How risky is Vestis?: Higher risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Current ratio 2.17× vs a peer median of 1.62× (stronger than 70% of peers).Current ratio 2.17× vs peers 1.62× (stronger than 70% of peers). Debt / equity 1.24× vs a peer median of 0.40× (weaker than 83% of peers).Debt / equity 1.24× vs peers 0.40× (weaker than 83% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jul 3, 2026 · filed Aug 11, 2026 · compared with the quarter ended Apr 3, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	2.7B USD	2.7B USD	−0.4%
Net income (12 months)	−17.0M USD	−5.3M USD	−68.9%
Operating margin	3.2%	3.6%	+0.5 pts
Free cash flow (12 months)	97.4M USD	136.4M USD	+40.0%
Debt	1.1B USD	1.1B USD	−2.6%
Cash	50.3M USD	57.7M USD	+14.5%
Shares outstanding	132.1M	132.2M	+0.0%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Industrials · 318 companies

Valuations in Industrials are near the top of their range since 2016.

85% of months since 2016 were valued lower than now.
41% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +20% and earnings +14% (medians): prices and earnings moved broadly together.
Median price-to-sales is −24% vs the whole market, against a usual −31%.

2016Shaded: most expensive fifth of its range2026

Shown for Industrials: too few Rental & Leasing Services companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY Sep 2022	FY Sep 2023	FY Sep 2024	FY Sep 2025	Change
Operating margin	7.2%	7.7%	5.6%	2.4%	▼ 3.3 pts
Net margin	5.3%	7.5%	0.7%	-1.5%	▼ 2.2 pts
Return on assets (ROA)	—	6.8%	0.7%	-1.4%	▼ 2.1 pts
Return on equity (ROE)	6.1%	24.3%	2.3%	-4.6%	▼ 7.0 pts
Free cash flow margin	5.8%	6.3%	14.0%	0.2%	▼ 14 pts
Current ratio	—	2.58×	1.78×	2.08×	▲ 17%
Quick ratio	—	2.14×	1.42×	1.64×	▲ 15%
Debt to equity	—	1.70×	1.29×	1.35×	▲ 4.9%
Interest coverage	42.27×	103.32×	1.25×	0.69×	▼ 45%

VSTS price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.11 vs a peer median of 0.64) and more debt relative to equity (1.24× vs a peer median of 0.40×)higher risk: bigger price swings (beta 1.11 vs peers 0.64) and more debt vs equity (1.24× vs peers 0.40×)

About average: valuation

Ranks #1,882 of 2,308 industrials companies (bottom 19%)

See how it ranks against its peers

Worth knowing

Operating margin at a 4-year low. 2.4% in FY Sep 2025, the weakest of the last 4 years.

Vestis's operating margin fell to 2.4% in FY Sep 2025, its lowest in the 4 years of filings we have.

Valuation signals disagree. Cheaper than 73% of peers on free cash flow, but only 0% on earnings.

Relative to its free cash flow, Vestis looks cheaper than 73% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.

Sales growing faster than profits. Since FY Sep 2022: revenue +1.8%, operating profit −66%.

Since FY Sep 2022, Vestis's revenue changed +1.8% while operating profit fell 66%: costs rose faster than sales.

Loss over 12 months, profit last quarter. Lost money in the 12 months to July 2026, but made a $11M profit in the quarter to July 2026.

Vestis reported a net loss over the last twelve months, but its most recent quarter was profitable ($11M). One quarter isn't a trend, but it's closer to profitability than the 12-month figure suggests.

Questions investors ask about Vestis

Is Vestis getting weaker?

Its latest SEC filing (Aug 11, 2026) showed no major changes. Its overall score is 33/100, up 1 since Oct 28, 2026.

How is Vestis valued vs its peers?

Priced about in line with its peers. Valuation scores 45/100 against 2,459 industrials peers. Free cash flow yield 7.1% vs a peer median of 3.7% (stronger than 73% of peers).Free cash flow yield 7.1% vs peers 3.7% (stronger than 73% of peers). Earnings yield -0.3% vs a peer median of 3.8% (weaker than 100% of peers).Earnings yield -0.3% vs peers 3.8% (weaker than 100% of peers).

Is Vestis growing?

More slowly than most of its peers. Growth scores 39/100 against 2,459 industrials peers. Revenue growth -0.4% vs a peer median of 4.4% (weaker than 68% of peers).Revenue growth -0.4% vs peers 4.4% (weaker than 68% of peers).

How profitable is Vestis?

Less profitable than most of its peers. Profitability scores 23/100 against 2,459 industrials peers. Return on assets -0.2% vs a peer median of 3.1% (weaker than 83% of peers).Return on assets -0.2% vs peers 3.1% (weaker than 83% of peers).

How risky is Vestis?

Higher risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Current ratio 2.17× vs a peer median of 1.62× (stronger than 70% of peers).Current ratio 2.17× vs peers 1.62× (stronger than 70% of peers). Debt / equity 1.24× vs a peer median of 0.40× (weaker than 83% of peers).Debt / equity 1.24× vs peers 0.40× (weaker than 83% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

2.7B USD

2.7B USD

−0.4%

Net income (12 months)

−17.0M USD

−5.3M USD

−68.9%

Operating margin

3.2%

3.6%

+0.5 pts

Free cash flow (12 months)

97.4M USD

136.4M USD

+40.0%

Debt

1.1B USD

1.1B USD

−2.6%

Cash

50.3M USD

57.7M USD

+14.5%

Shares outstanding

132.1M

132.2M

+0.0%

Key ratios

FY Sep 2022

FY Sep 2023

FY Sep 2024

FY Sep 2025

Change

Operating margin

7.2%

7.7%

5.6%

2.4%

▼ 3.3 pts

Net margin

5.3%

7.5%

0.7%

-1.5%

▼ 2.2 pts

Return on assets (ROA)

—

6.8%

0.7%

-1.4%

▼ 2.1 pts

Return on equity (ROE)

6.1%

24.3%

2.3%

-4.6%

▼ 7.0 pts

Free cash flow margin

5.8%

6.3%

14.0%

0.2%

▼ 14 pts

Current ratio

—

2.58×

1.78×

2.08×

▲ 17%

Quick ratio

—

2.14×

1.42×

1.64×

▲ 15%

Debt to equity

—

1.70×

1.29×

1.35×

▲ 4.9%

Interest coverage

42.27×

103.32×

1.25×

0.69×

▼ 45%