Vestis Corporation
ir.vestis.comWhat Do They Do?
Provides uniform rental services and workplace supplies, including restroom, first-aid and safety products, to businesses across manufacturing, hospitality and healthcare.
10-K for FY2025, filed Dec 2, 2025Vestis Corporation, a Delaware Corporation (“Vestis”, the “Company”, “our”, “we” or “us”) is a leading provider of uniform rentals and…View ↗
Our customers value the uniforms and workplace supplies we deliver as our services and products can help them reduce operating costs…View ↗
Our customers represent a diverse array of industries including sectors such as manufacturing, hospitality, retail, government, automotive…View ↗
How Do They Make Money?
Customers pay for route-based uniform and workplace-supply services as those services are performed; direct uniform sales are earned when products are delivered.
10-K for FY2025, filed Dec 2, 2025The Company generates and recognizes over 95% of its total revenue from route servicing contracts on both uniforms, which the Company…View ↗
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10-K for FY2025, filed Dec 2, 2025
FY2025 revenue by reportable segment ↗
$2.7B
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10-K for FY2025, filed Dec 2, 2025
$2.7B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
United States
Recurring
10-K for FY2025, filed Dec 2, 2025 |
91%
FY2022: 91%
|
United States, FY2025
$2.5B Sources
|
Recurring |
|
Canada
Recurring
|
9.0%
FY2022: 8.9%
|
Canada, FY2025
$245.5M Sources
|
Recurring |
Who Are Their Customers?
Serves businesses from small, family-owned single-location operations to large corporations and national franchises across a range of industries. It markets through sales representatives, telemarketing, delivery drivers, territory managers and digital platforms.
10-K for FY2025, filed Dec 2, 2025We have over 75 years of experience providing uniforms and workplace supplies and a broad footprint that supports efficient delivery of our…View ↗
Our customers represent a diverse array of industries including sectors such as manufacturing, hospitality, retail, government, automotive…View ↗
We market and sell our services and products through multiple channels including sales representatives, telemarketing sales channels, our…View ↗
Do Revenues Turn Into Profits?
Not on paper. It lost $40.2M in FY2025, but brought in more cash than it spent: $5.8M of free cash flow.
10-K for FY2025, filed Dec 2, 2025
$64.4MView ↗
10-K for FY2025, filed Dec 2, 2025
−$40.2MView ↗
10-K for FY2025, filed Dec 2, 2025
$5.8MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q3 FY2026, filed Aug 11, 2026
$11MView ↗
- ▲ Now profitable
- vs −$676K in Q3 FY2025
10-Q for Q3 FY2026, filed Aug 11, 2026
Open tableView ↗
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Aug 11, 2026
Raised fiscal 2026 free-cash-flow outlook
Raised the midpoint by $30 million, or 22%.
Sources
8-K, filed Aug 11, 2026
Increases full year 2026 Free Cash Flow* outlook by $30 million, or 22%, at the midpoint; On track to deliver against full year 2026…View ↗
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Dec 16, 2025
CFO Kelly Janzen resigned; Adam K. Bowen became interim CFO
Sources
8-K, filed Dec 16, 2025
On December 10, 2025, Kelly Janzen, Executive Vice President and Chief Financial Officer of Vestis Corporation, a Delaware corporation (the…View ↗
Who Do They Compete With?
Competes with Cintas and UniFirst
10-K for FY2025, filed Dec 2, 2025Cintas Corporation and UniFirst Corporation are notable competitors of size, and we also have numerous local and regional competitors.…View ↗
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