Loading…
Rents and services uniforms, mats and workplace supplies for businesses, spun off from Aramark in 2023.
Rents and services uniforms, mats and workplace supplies for businesses, spun off from Aramark in 2023.
Owns the garments and mats and rents them out for a recurring weekly fee, collecting and washing them through delivery routes, so earnings depend on keeping routes dense and customers renewing.
Moat: narrow (switching costs, scale, distribution). Multi-year rental contracts and route-density logistics create moderate switching costs.
Headquarters: Roswell, Georgia, US · Founded: 2023 · Employees: 18,150
Size Vestis (VSTS) is a United States Consumer Discretionary company (Apparel/Footwear) with a market value of $1.88B, the 1840th largest of 3,117 United States companies the cockpit tracks. Shares closed at $14.20 on 6 Nov 2026.
Performance Over six months the shares gained 53.7%, against -1.1% for the median peer and -1.1% for the United States market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue fell 0.4% over the last twelve months (peer median +7.0%); the operating margin is 4.2% (peer median 10.4%).
Valuation It trades at 20.0× forward earnings against a peer median of 12.7× (4th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 16% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is +14 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 3.9 points below its cost of capital (8.0% WACC).
Short interest Short interest is 7.4% of the free float (15 Oct 2026).
Next results Next results expected around 2 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.70B | $2.73B | $2.81B | $2.83B | $2.69B |
| Revenue growth | — | -3% | -1% | +5% | — |
| Gross profit | $572M | $639M | $711M | $719M | $643M |
| EBITDA | $250M | $226M | $307M | $354M | $327M |
| Net income | -$5.30M | -$40.2M | $21.0M | $213M | $142M |
| Free cash flow | $136M | $5.77M | $393M | $179M | $156M |
| Capital expenditure | $55.4M | $58.5M | $78.9M | $77.9M | $76.4M |
| Total debt | $1.34B | $1.42B | $1.38B | $1.69B | $182M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Vestis VSTS | $1.88B | +54% | 0% | 4% | 20.0× | 15.8% |
| Cintas CTAS | $88.3B | +34% | +10% | 24% | 38.9× | 18.2% |
| UniFirst UNF | $4.10B | -7% | +4% | 5% | 27.9× | 18.9% |
| Aramark ARMK | $13.9B | +17% | +11% | 4% | 19.8× | 16.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | VSTS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.4% | +7.5% | 5th lowest of 21 |
| 6-month return | +53.7% | -1.1% | highest of 21 |
| Distance from 52-week high | -16.0% | -23.9% | 7th highest of 21 |
| Revenue growth (TTM) | -0.4% | +7.0% | 7th lowest of 21 |
| Operating margin | 4.2% | 10.4% | 4th lowest of 21 |
| Forward P/E | 20.0× | 12.7× | 4th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 15.8% | -6.3% | 2nd most demanding of 16 |
| Growth delivered (Del g) | +1.3% | +6.9% | 5th lowest of 16 |
| Hurdle (Req g minus delivered) | +14.4 pp | -13.3 pp | most demanding of 16 |
| ROIC minus cost of capital | -3.9 pp | +6.1 pp | 3rd lowest of 21 |
| EV / EBITDA | 12.6× | 7.0× | 2nd most expensive of 18 |
| Net debt / EBITDA | 5.1× | -0.4× | 2nd most indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Vestis VSTS | United States | $1.88B | +54% | 0% | 4% | 20.0× | 15.8% | +1.3% |
| Goldwin 8111.T | Japan | $1.93B | -1% | +4% | 18% | 12.7× | -6.3% | +8.7% |
| F&F 383220.KS | South Korea | $1.80B | -3% | +7% | 25% | 5.1× | n/a | n/a |
| Wolverine World Wide WWW | United States | $1.75B | +28% | +7% | 9% | 12.1× | 9.1% | +0.9% |
| Feng Tay Enterprise 9910.TW | Taiwan | $2.08B | 0% | -4% | 7% | 15.0× | -5.9% | +3.9% |
| Mizuno 8022.T | Japan | $2.10B | +27% | +10% | 9% | 15.9× | 4.9% | +11.5% |
| Makalot Industrial 1477.TW | Taiwan | $1.59B | +1% | -2% | 14% | 12.8× | -8.0% | +6.7% |
| Under Armour UA | United States | $2.23B | -19% | -3% | 1% | 83.9× | n/a | n/a |
| Youngone 111770.KS | South Korea | $2.27B | -13% | +15% | 14% | 5.5× | n/a | n/a |
| Pou Chen 9904.TW | Taiwan | $2.29B | 0% | -7% | 3% | 7.3× | 5.9% | +0.1% |
| Misto 081660.KS | South Korea | $1.51B | -5% | +8% | 13% | 6.4× | -13.9% | +7.4% |
| JNBY Design 3306.HK | Hong Kong | $1.47B | +7% | +12% | 20% | 9.4× | -7.4% | +6.9% |
| Stella International 1836.HK | Hong Kong | $1.47B | -10% | +2% | 8% | 11.8× | -9.5% | +6.8% |
| Zhejiang Semir Garment 002563.SZ | China | $2.42B | -1% | +4% | 7% | 14.8× | -8.1% | -0.1% |
| BIEM.L.FDLKK Garment 002832.SZ | China | $2.46B | +42% | +23% | 15% | 20.4× | 0.0% | +13.3% |
| YoungoneHoldings 009970.KS | South Korea | $1.42B | -11% | +14% | 15% | 6.5× | n/a | n/a |
| New Wave NEWA-B.ST | Sweden | $1.36B | +4% | +9% | 11% | 14.4× | n/a | n/a |
| G-III Apparel GIII | United States | $1.35B | -1% | -9% | 8% | 13.0× | -9.5% | +7.5% |
| 361 Degrees International 1361.HK | Hong Kong | $1.34B | -11% | +13% | 14% | 6.1× | -20.3% | +16.0% |
| Pearl Global Industries PGIL.NS | India | $1.31B | +51% | +14% | 8% | 36.9× | 25.0% | +27.5% |
| Yue Yuen Industrial (Holdings) 0551.HK | Hong Kong | $2.75B | -7% | -3% | 3% | 13.6× | 2.4% | -0.9% |