Vestis Corp
ir.vestis.comVestis Corp (NYSE: VSTS) is a uniform rental and workplace supplies company that collects, launders, and redelivers uniforms, floor mats, towels, linens, and related products to business customers on a recurring weekly basis. Revenue comes primarily from multi-year rental contracts, with recurring rental business comprising 95% of total revenue and direct sales comprising 5% in fiscal year 2025. Vestis is the second largest provider in its industry within the United States and Canada, behind Cintas and ahead of UniFirst, based on publicly reported revenue, employee counts, and facilities data. The company generated approximately $2.7 billion in revenue in fiscal year 2025, with operating income of $64.4 million (2.4% of revenue) and a net loss of $40.2 million. Spun off from Aramark on September 30, 2023, Vestis trades on the NYSE under ticker VSTS and is headquartered in Roswell, Georgia. As of the fiscal year 2025 10-K filing, the company employs approximately 18,150 people and operates over 325 facilities supporting more than 3,300 delivery routes.
Products & Services
Uniforms and workwear (approximately 60% manufactured internally), floor mats, towels, linens, restroom supplies, first-aid supplies, safety products, and cleanroom garments including static dissipative garments, sterile garments, and barrier apparel for pharmaceutical, electronics, and medical equipment manufacturing customers.
Revenue Model
Recurring rental contracts, typically multi-year, billed on a weekly service cycle. Customers pay for clean uniform delivery and soiled garment pickup each visit. Direct sales agreements, primarily for large regional or national companies seeking customized uniforms, account for the remaining 5% of revenue. Cross-selling of adjacent services such as restroom supplies, first-aid kits, and safety products adds incremental revenue on existing routes.
Customers & Markets
Over 300,000 customer accounts (based on unique customer identification numbers) as of fiscal year 2025, ranging from small single-location businesses to large national franchises. Top 10 customers account for less than 10% of total revenue in fiscal year 2025. End markets include manufacturing, hospitality, retail, government, automotive, healthcare, food processing, and cleanroom operations in pharmaceutical, electronics, and medical device industries.
Geographic Exposure
United States and Canada. Serves over 95% of the largest metropolitan statistical areas in the United States and every province in Canada as of the fiscal year 2025 10-K filing.
Financial Snapshot
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