Financial Snapshot

Revenue
$2.806B
TTM
Gross Margin
29.07%
TTM
Net Earnings
$20.97M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
172.63%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$903.1M
Q3 2024
Cash
Q3 2024
P/E
102.6
Nov 29, 2024 EST
Free Cash Flow
$392.9M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2024 2023 2022 2021 2020
Revenue $2.806B $2.825B $2.687B $2.457B $2.562B
YoY Change -0.69% 5.15% 9.38% -4.11%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2024 2023 2022 2021 2020
Revenue $2.806B $2.825B $2.687B $2.457B $2.562B
Cost Of Revenue $1.990B $1.970B $1.910B $1.766B $1.814B
Gross Profit $815.9M $855.1M $777.3M $690.9M $748.0M
Gross Profit Margin 29.08% 30.26% 28.93% 28.12% 29.2%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2024 2023 2022 2021 2020
Selling, General & Admin $517.2M $492.2M $450.7M $461.4M $461.1M
YoY Change 5.09% 9.2% -2.32% 0.07%
% of Gross Profit 63.39% 57.56% 57.98% 66.78% 61.64%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $140.8M $136.5M $134.4M $133.3M $137.2M
YoY Change 3.13% 1.57% 0.83% -2.84%
% of Gross Profit 17.25% 15.96% 17.29% 19.29% 18.34%
Operating Expenses $517.2M $628.7M $585.1M $594.7M $598.3M
YoY Change -17.73% 7.45% -1.61% -0.6%
Operating Profit $158.0M $226.4M $192.2M $96.20M $149.7M
YoY Change -30.24% 17.8% 99.79% -35.74%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2024 2023 2022 2021 2020
Interest Expense -$126.6M $51.82M -$2.300M $1.100M -$200.0K
YoY Change -344.23% -2353.09% -309.09% -650.0%
% of Operating Profit -80.13% 22.89% -1.2% 1.14% -0.13%
Other Income/Expense, Net -$642.0K -$2.099M -$2.264M
YoY Change -69.41% -7.29%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2024 2023 2022 2021 2020
Pretax Income $32.03M $269.7M $190.0M $97.40M $149.5M
YoY Change -88.13% 41.96% 95.07% -34.85%
Income Tax $11.06M $56.57M $48.30M $23.10M $37.90M
% Of Pretax Income 34.53% 20.97% 25.42% 23.72% 25.35%
Net Earnings $20.97M $213.2M $141.7M $74.30M $111.6M
YoY Change -90.16% 50.43% 90.71% -33.42%
Net Earnings / Revenue 0.75% 7.54% 5.27% 3.02% 4.36%
Basic Earnings Per Share $0.16 $1.63 $1.08
Diluted Earnings Per Share $0.16 $1.62 $1.08 $0.57 $0.85

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2024 2023 2022 2021 2020
Cash & Short-Term Investments $31.01M $36.05M $23.70M $41.10M
YoY Change -13.98% 52.11% -42.34%
Cash & Equivalents $31.01M $36.05M $23.70M $41.10M
Short-Term Investments
Other Short-Term Assets $414.2M $416.3M $411.4M $370.1M
YoY Change -0.5% 1.19% 11.16%
Inventory $164.9M $174.7M $183.4M $203.4M
Prepaid Expenses
Receivables $177.3M $392.9M $368.7M $317.3M
Other Receivables $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $787.4M $1.020B $987.3M $931.9M
YoY Change -22.8% 3.31% 5.94%
Property, Plant & Equipment $744.4M $722.4M $722.2M $740.3M
YoY Change 3.04% 0.03% -2.44%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $224.0M $212.6M $195.9M $194.4M
YoY Change 5.37% 8.52% 0.77%
Total Long-Term Assets $2.145B $2.137B $2.146B $2.177B
YoY Change 0.37% -0.4% -1.42%
Total Assets $2.932B $3.157B $3.133B $3.108B
YoY Change
Accounts Payable $163.1M $134.5M $167.1M $133.4M
YoY Change 21.23% -19.51% 25.26%
Accrued Expenses $261.7M $207.1M $214.6M $227.7M
YoY Change 26.35% -3.49% -5.75%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $31.35M $53.91M $20.50M $22.30M
YoY Change -41.85% 162.97% -8.07%
Total Short-Term Liabilities $456.1M $395.5M $402.2M $383.3M
YoY Change 15.32% -1.66% 4.93%
Long-Term Debt $1.263B $1.568B $86.80M $81.70M
YoY Change -19.44% 1706.35% 6.24%
Other Long-Term Liabilities $118.7M $98.68M $106.4M $127.1M
YoY Change 20.3% -7.25% -16.29%
Total Long-Term Liabilities $1.382B $1.667B $193.2M $208.8M
YoY Change -17.09% 762.63% -7.47%
Total Liabilities $2.029B $2.280B $797.2M $776.4M
YoY Change -10.98% 185.97% 2.68%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2024 2023 2022 2021 2020
Basic Shares Outstanding 131.5M shares 130.7M shares 130.7M shares
Diluted Shares Outstanding 131.8M shares 130.7M shares 130.7M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $2.1518 Billion

About Vestis Corp

Vestis Corp. engages in the B2B uniform and workplace supplies category. The company is headquartered in Roswell, Georgia and currently employs 20,000 full-time employees. The company went IPO on 2023-09-27. The firm provides uniforms, mats, towels, linens, restroom supplies, first-aid supplies, safety products and other workplace supplies. The firm also provides a full range of uniform programs, managed restroom supply services and first-aid and safety products, as well as ancillary items such as floor mats, towels and linens. Additionally, it provides garments and contamination control supplies that help customers maintain controlled, cleanroom environments commonly used in the manufacturing of electronics, pharmaceuticals and medical equipment. Its customer base participates in a variety of industries, including manufacturing, hospitality, retail, food processing, pharmaceuticals, healthcare and automotive. The company serves customers ranging from small, family-owned operations with a single location to corporations and national franchises with multiple locations.

Industry: Wholesale-Miscellaneous Nondurable Goods Peers: ACV Auctions Inc. CINTAS CORP COPART INC Driven Brands Holdings Inc. OPENLANE, Inc. UNIFIRST CORP VSE CORP