VSTS on NYSE
Vestis Corporation
American wholesale-miscellaneous nondurable goods company based in Roswell. Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
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- TickerVSTS on NYSE1
- IndustryWholesale-Miscellaneous Nondurable Goods1
- HeadquartersRoswell, United States1
- Websitewww.vestis.com
- Incorporated inDE5
- Business address1035 Alpharetta Street, Suite 2100, Roswell, Ga 300765
- Filer categoryLarge accelerated filer5
- Legal formCorporation3
- LEI254900QDW0TA2TMFAP593
- StatusActive3
- LEI statusLapsed (not renewed)3
- Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States3
- Registered withDivision of Corporations, Department of State, 73106593
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Vestis Corporation, a Delaware Corporation (“Vestis”, the “Company”, “our”, “we” or “us”) is a leading provider of uniform rentals and workplace supplies across the United States and Canada. We provide uniforms, mats, towels, linens, restroom supplies, first-aid supplies, safety products and other workplace supplies. In fiscal year 2025, we generated revenue of approximately $2.7 billion. We are one of the largest companies operating within the United States and Canada in our industry.6 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Unites States brought in 91% of the revenue Vestis Corporation broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Unites States | $2.6B | $2.6B | $2.5B |
| Canada, | $249.9M | $249.9M | $245.5M |
Regions
United States brought in 91% of the revenue Vestis Corporation broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| United States | $2.6B | $2.6B | $2.5B |
| CAMember | $249.9M | $249.9M | $245.5M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Selling, general and admin19¢$517.3M
- Other costs81¢$2.2B
- Income tax0¢$4.1M
Out of $2.7B in revenue.4 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Dividends paid22¢$13.8M
- Kept or used elsewhere78¢$50.4M
Out of $64.2M of cash from operations.4
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|
| Revenue | $2.7B | $2.8B | $2.8B |
| Cost of services provided (exclusive of depreciation and amortization) | $2.0B | $2.0B | $2.0B |
| Depreciation and amortization | $143.0M | $140.8M | $136.5M |
| Selling, general and administrative expenses | $517.3M | $517.2M | $500.7M |
| Total Operating Expenses | $2.7B | $2.6B | $2.6B |
| Operating Income | $64.4M | $158.0M | $217.9M |
| Loss (Gain) on Sale of Equity Investment, net | $2.8M | $0 | -$51.8M |
| Interest Expense, net | $92.3M | $126.6M | $2.1M |
| Other Expense (Income), net | $13.7M | -$642.0K | -$2.1M |
| (Loss) Income Before Income Taxes | -$44.3M | $32.0M | $269.7M |
| (Benefit) Provision for Income Taxes | -$4.1M | $11.1M | $56.6M |
| Net (Loss) Income | -$40.2M | $21.0M | $213.2M |
| Basic (in usd per share) | -$0.31 | $0.16 | $1.63 |
| Diluted (in usd per share) | -$0.31 | $0.16 | $1.63 |
| Basic (in shares) | 131.8M shares | 131.5M shares | 130.7M shares |
| Diluted (in shares) | 131.8M shares | 131.8M shares | 130.7M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.4
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Cash and cash equivalents | $29.7M | $31.0M | ||
| Receivables (net of allowances: $32,677; $19,804, respectively) | $162.3M | $177.3M | ||
| Inventories, net | $179.0M | $164.9M | ||
| Rental merchandise in service, net | $405.6M | $396.1M | ||
| Other current assets | $73.3M | $44.0M | ||
| Total current assets | $850.0M | $813.3M | ||
| Property and Equipment, at cost | $1.7B | $1.8B | ||
| Less - Accumulated depreciation | -$1.1B | -$1.1B | ||
| Total property and equipment, net | $663.5M | $670.9M | ||
| Goodwill | $961.7M | $963.8M | $963.5M | |
| Other Intangible Assets, net | $188.8M | $212.8M | ||
| Operating Lease Right-of-use Assets | $85.1M | $73.5M | ||
| Other Assets | $157.7M | $198.1M | ||
| Total Assets | $2.9B | $2.9B | ||
| Current maturities of financing lease obligations | $35.2M | $31.3M | ||
| Current operating lease liabilities | $20.2M | $19.9M | ||
| Accounts payable | $158.4M | $163.1M | ||
| Accrued payroll and related expenses | $93.9M | $96.8M | ||
| Accrued expenses and other current liabilities | $101.3M | $145.0M | ||
| Total current liabilities | $409.0M | $456.1M | ||
| Long-Term Borrowings | $1.2B | $1.1B | ||
| Noncurrent Financing Lease Obligations | $131.1M | $115.3M | ||
| Noncurrent Operating Lease Liabilities | $77.0M | $66.1M | ||
| Deferred Income Taxes | $177.3M | $191.5M | ||
| Other Noncurrent Liabilities | $91.7M | $52.6M | ||
| Total Liabilities | $2.0B | $2.0B | ||
| Common stock, par value $0.01 per share, 350,000,000 shares authorized, 131,859,470 and 131,481,967 shares issued and outstanding as of October 3, 2025 and September 27, 2024, respectively | $1.3M | $1.3M | ||
| Additional paid-in capital | $937.5M | $928.1M | ||
| (Accumulated deficit) retained earnings | -$46.9M | $2.6M | ||
| Accumulated other comprehensive loss | -$26.3M | -$28.9M | ||
| Total Equity | $865.6M | $903.1M | $877.4M | $2.3B |
| Total Liabilities and Equity | $2.9B | $2.9B | ||
| Receivables allowances | $32.7M | $19.8M | ||
| Common stock par value (in usd per share) | $0.01 | $0.01 | $0.01 | |
| Common stock authorized (in shares) | 350.0M shares | 350.0M shares | ||
| Common stock issued (in shares) | 131.9M shares | 131.5M shares | ||
| Common stock outstanding (in shares) | 131.9M shares | 131.5M shares | 131.2M shares |
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Cash and cash equivalents | $29.7M | $31.0M | ||
| Receivables (net of allowances: $32,677; $19,804, respectively) | $162.3M | $177.3M | ||
| Inventories, net | $179.0M | $164.9M | ||
| Rental merchandise in service, net | $405.6M | $396.1M | ||
| Other current assets | $73.3M | $44.0M | ||
| Total current assets | $850.0M | $813.3M | ||
| Property and Equipment, at cost | $1.7B | $1.8B | ||
| Less - Accumulated depreciation | -$1.1B | -$1.1B | ||
| Total property and equipment, net | $663.5M | $670.9M | ||
| Goodwill | $961.7M | $963.8M | $963.5M | |
| Other Intangible Assets, net | $188.8M | $212.8M | ||
| Operating Lease Right-of-use Assets | $85.1M | $73.5M | ||
| Other Assets | $157.7M | $198.1M | ||
| Total Assets | $2.9B | $2.9B | ||
| Current maturities of financing lease obligations | $35.2M | $31.3M | ||
| Current operating lease liabilities | $20.2M | $19.9M | ||
| Accounts payable | $158.4M | $163.1M | ||
| Accrued payroll and related expenses | $93.9M | $96.8M | ||
| Accrued expenses and other current liabilities | $101.3M | $145.0M | ||
| Total current liabilities | $409.0M | $456.1M | ||
| Long-Term Borrowings | $1.2B | $1.1B | ||
| Noncurrent Financing Lease Obligations | $131.1M | $115.3M | ||
| Noncurrent Operating Lease Liabilities | $77.0M | $66.1M | ||
| Deferred Income Taxes | $177.3M | $191.5M | ||
| Other Noncurrent Liabilities | $91.7M | $52.6M | ||
| Total Liabilities | $2.0B | $2.0B | ||
| Common stock, par value $0.01 per share, 350,000,000 shares authorized, 131,859,470 and 131,481,967 shares issued and outstanding as of October 3, 2025 and September 27, 2024, respectively | $1.3M | $1.3M | ||
| Additional paid-in capital | $937.5M | $928.1M | ||
| (Accumulated deficit) retained earnings | -$46.9M | $2.6M | ||
| Accumulated other comprehensive loss | -$26.3M | -$28.9M | ||
| Total Equity | $865.6M | $903.1M | $877.4M | $2.3B |
| Total Liabilities and Equity | $2.9B | $2.9B | ||
| Receivables allowances | $32.7M | $19.8M | ||
| Common stock par value (in usd per share) | $0.01 | $0.01 | $0.01 | |
| Common stock authorized (in shares) | 350.0M shares | 350.0M shares | ||
| Common stock issued (in shares) | 131.9M shares | 131.5M shares | ||
| Common stock outstanding (in shares) | 131.9M shares | 131.5M shares | 131.2M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|
| Net (Loss) Income | -$40.2M | $21.0M | $213.2M |
| Depreciation and amortization | $143.0M | $140.8M | $136.5M |
| (Gain) loss on sale of equity investment, net | $2.8M | $0 | -$51.8M |
| Deferred income taxes | -$13.4M | -$19.6M | $14.4M |
| Share-based compensation expense | $11.6M | $16.3M | $14.5M |
| Asset write-downs | $1.2M | $980.0K | $7.7M |
| (Gain) loss on disposals of property and equipment | -$490.0K | $1.0M | $0 |
| Amortization of debt issuance costs | $3.6M | $4.7M | $0 |
| Loss on extinguishment of debt | $0 | $3.9M | $0 |
| Receivables, net | $14.0M | $215.8M | -$23.6M |
| Inventories, net | -$13.7M | $9.9M | $8.9M |
| Rental merchandise in service, net | -$10.6M | $3.1M | -$5.3M |
| Other current assets | -$25.1M | -$2.7M | $952.0K |
| Accounts payable | -$267.0K | $21.7M | -$32.9M |
| Accrued expenses and other current liabilities | -$12.4M | $80.6M | -$7.9M |
| Changes in other noncurrent liabilities | $8.5M | -$16.2M | -$944.0K |
| Changes in other assets | -$4.0M | -$9.5M | -$8.7M |
| Other operating activities | -$220.0K | $33.0K | -$7.8M |
| Net cash provided by operating activities | $64.2M | $471.8M | $257.0M |
| Purchases of property and equipment and other | -$58.5M | -$78.9M | -$77.9M |
| Proceeds from disposals of property and equipment | $5.5M | $5.3M | $11.2M |
| Proceeds from sale of equity investment | $37.7M | $0 | $51.9M |
| Other investing activities | -$4.5M | $0 | $75.0K |
| Net cash used in investing activities | -$19.8M | -$73.6M | -$14.7M |
| Proceeds from long-term borrowings | $167.0M | $798.0M | $1.5B |
| Payments of long-term borrowings | -$161.0M | -$1.1B | $0 |
| Payments of financing lease obligations | -$34.5M | -$30.6M | -$27.6M |
| Dividend payments | -$13.8M | -$13.8M | $0 |
| Debt issuance costs | -$1.6M | -$11.1M | -$13.7M |
| Other financing activities | -$2.1M | -$1.9M | $0 |
| Net cash distributions to Parent | $0 | -$6.1M | -$1.7B |
| Net cash used in financing activities | -$46.1M | -$403.0M | -$230.3M |
| Effect of foreign exchange rates on cash and cash equivalents | $383.0K | -$218.0K | $353.0K |
| Increase (Decrease) in cash and cash equivalents | -$1.3M | -$5.0M | $12.3M |
No quarter-by-quarter statement was filed.
Leadership
Who has led Vestis Corporation, and when. Pick a name to see everywhere that person has worked.
Chief financial officer
Chief operating officer
- Chief financial officerKelly Janzen Feb 20, 2025 to now10
- Chief financial officerRicky T. Dillon Sep 8, 2023 to Jan 8, 202511
- Chief operating officerWilliam J. Seward Sep 10, 2024 to now12
- Chief operating officerChristopher J. Synek Sep 8, 2023 to Jan 8, 202413
Board members and other officers (17)
- EVP & Chief Commercial OfficerSteven E. Cochran Jun 1, 2026 to now14
- *James Phillip Holloman Mar 20, 2025 to now15
- Chief Accounting OfficerJohn Laveck Jun 9, 2025 to now16
- CHRORodney Wedemeier Oct 28, 2025 to now17
- Chief Human Resources OfficerAngela Kervin Sep 8, 2023 to now18
- Chief Technology OfficerGrant Shih Sep 8, 2023 to now19
- Board memberJames J. Tarangelo Sep 8, 2023 to Sep 8, 202320
- Board memberThomas Gerard Ondrof Sep 8, 2023 to Sep 8, 202321
- Board memberTracy C. Jokinen Sep 26, 2023 to now22
- Board memberDouglas A. Pertz Oct 2, 2023 to now23
- Board memberEna Williams Oct 2, 2023 to now24
- Board memberJames Phillip Holloman Oct 2, 2023 to now25
- Board memberLynn McKee Oct 2, 2023 to now26
- Board memberMary Anne Whitney Oct 2, 2023 to now27
- Board memberRichard L. Burke Jr. Oct 2, 2023 to now28
- General counselAndre C. Bouchard Feb 20, 2025 to now29
- General counselTimothy R. Donovan Sep 8, 2023 to Feb 12, 202530
Former names
- Epic NewCo, Inc.Mar 17, 2023 to Aug 15, 20235
Timeline
- Feb 22, 2023Founded Vestis Corporation is founded3
Filings
364 filings to the SEC since October 2021: 3 annual reports, 9 quarterly reports, 44 major events, 260 insider forms, 19 large holders, 29 other. The latest 20:
- Oct 7, 20264 EDGAR
- Oct 5, 20263 EDGAR
- Oct 2, 20264 EDGAR
- Sep 28, 20268-K EDGAR
- Sep 3, 20264 EDGAR
- Aug 11, 202610-Q EDGAR
- Aug 11, 20268-K EDGAR
- Jul 2, 20264 EDGAR
- Jun 15, 20268-K EDGAR
- Jun 3, 20264 EDGAR
- Jun 1, 20263 EDGAR
- May 29, 2026SD EDGAR
- May 12, 202610-Q EDGAR
- May 12, 20268-K EDGAR
- Mar 27, 2026SCHEDULE 13G/A EDGAR
- Mar 3, 20264 PRIMARY DOCUMENT EDGAR
- Feb 24, 20268-K EDGAR
- Feb 20, 20264 PRIMARY DOCUMENT EDGAR
- Feb 20, 20264 PRIMARY DOCUMENT EDGAR
- Feb 20, 20264 PRIMARY DOCUMENT EDGAR
The 364 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
37 open-market trades by officers, directors and large owners since October 2021: 37 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 2, 2026 | Barber James J.President & CEO | Buy | 84,500 | $12.37 | $1.0M | Form 4 |
| Dec 19, 2025 | Pertz Douglas ADirector | Buy | 15,000 | $6.90 | $103.5K | Form 4 |
| Dec 18, 2025 | Pertz Douglas ADirector | Buy | 10,000 | $6.90 | $69.0K | Form 4 |
| Dec 17, 2025 | Corvex Management LPDirector | Buy | 209,842 | $6.79 | $1.4M | Form 4 |
| Dec 16, 2025 | Corvex Management LPDirector | Buy | 800,222 | $6.81 | $5.4M | Form 4 |
| Dec 8, 2025 | Goetz WilliamDirector | Buy | 6,746 | $7.42 | $50.1K | Form 4 |
| Dec 4, 2025 | Barber James J.President & CEO | Buy | 82,367 | $6.36 | $523.9K | Form 4 |
| Dec 3, 2025 | Barber James J.President & CEO | Buy | 81,633 | $6.34 | $517.6K | Form 4 |
| May 28, 2025 | Meister Keith A.Director | Buy | 314,390 | $6.03 | $1.9M | Form 4 |
| May 27, 2025 | Meister Keith A.Director | Buy | 109,008 | $6.05 | $659.5K | Form 4 |
| May 23, 2025 | Meister Keith A.Director | Buy | 377,277 | $5.89 | $2.2M | Form 4 |
| May 9, 2025 | Goetz WilliamDirector | Buy | 7,500 | $6.61 | $49.6K | Form 4 |
| May 9, 2025 | Meister Keith A.Director | Buy | 138,048 | $6.32 | $872.5K | Form 4 |
| May 8, 2025 | Seward William J.EVP & Chief Operating Officer | Buy | 10,000 | $6.23 | $62.3K | Form 4 |
| May 8, 2025 | Pertz Douglas ADirector | Buy | 70,000 | $6.17 | $431.9K | Form 4 |
| May 8, 2025 | Burke Richard L. Jr.Director | Buy | 18,382 | $5.73 | $105.3K | Form 4 |
| May 8, 2025 | Meister Keith A.Director | Buy | 857,299 | $6.11 | $5.2M | Form 4 |
| May 28, 2024 | Pertz Douglas ADirector | Buy | 22,442 | $11.62 | $260.8K | Form 4 |
| May 24, 2024 | Pertz Douglas ADirector | Buy | 54,468 | $11.99 | $653.1K | Form 4 |
| May 24, 2024 | Shih GrantEVP and CTO | Buy | 800 | $12.00 | $9.6K | Form 4 |
All 37 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- VANGUARD GROUP INCSCHEDULE 13G/A, 4 filings Jan 10, 2024 to Mar 27, 202631
- FMR LLCSCHEDULE 13G/A, 3 filings Nov 12, 2024 to Feb 5, 202632
- Corvex Management LPSCHEDULE 13D/A, 5 filings May 8, 2024 to Dec 17, 202533
- Alberta Investment Management CorpSCHEDULE 13G/A, 2 filings Apr 9, 2025 to Jul 31, 202534
- Pacer Advisors, Inc.SCHEDULE 13G/A, 2 filings May 2, 202535
- BlackRockSC 13G/A, 2 filings Oct 21, 2024 to Nov 8, 202436
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Corvex Management LP | 19,813,963 | $287.7M | 8.9% | No change |
| BlackRock, Inc. | 15,985,608 | $232.1M | 0.0% | +345,376 |
| Fmr LLC | 9,822,941 | $142.6M | 0.0% | −747,271 |
| Alberta Investment Management Corp | 5,500,000 | $79.9M | 0.5% | −2,848,384 |
| Greenstone Partners & Co., LLC | 5,094,356 | $74.0M | 17.1% | No change |
| Royal Bank Of Canada | 4,989,582 | $72.4M | 0.0% | −667,304 |
| Vanguard Capital Management LLC | 4,971,162 | $72.2M | 0.0% | +87,516 |
| Vanguard Portfolio Management LLC | 4,477,660 | $65.0M | 0.0% | +163,418 |
| State Street Corp | 4,337,120 | $63.0M | 0.0% | +174,218 |
| Dimensional Fund Advisors LP | 4,282,449 | $62.2M | 0.0% | +726,316 |
| Park West Asset Management LLC | 3,037,983 | $44.1M | 3.0% | New |
| Charles Schwab Investment Management Inc | 2,911,277 | $42.3M | 0.0% | −543,594 |
| Geode Capital Management, LLC | 2,612,432 | $37.9M | 0.0% | +125,506 |
| Broad Bay Capital Management, LP | 2,310,000 | $33.5M | 3.2% | New |
| Ancora Advisors LLC | 2,093,530 | $30.4M | 0.6% | −94,645 |
| Stanley Capital Management, LLC | 2,041,107 | $29.6M | 3.9% | +100,000 |
| Goldman Sachs Group Inc | 1,999,805 | $29.0M | 0.0% | +62,616 |
| Boone Capital Management LLC | 1,900,140 | $27.6M | 6.5% | New |
| Jane Street Group, LLC | 1,511,762 | $22.0M | 0.0% | +265,141 |
| Jefferies Financial Group Inc. | 1,181,475 | $17.2M | 0.2% | −979,618 |
| Invesco Ltd. | 1,151,287 | $16.7M | 0.0% | −172,116 |
| Northern Trust Corp | 1,139,811 | $16.6M | 0.0% | +99,856 |
| Morgan Stanley | 1,109,557 | $16.1M | 0.0% | −245,142 |
| Bank Of America Corp /de/ | 1,091,062 | $15.8M | 0.0% | −263,400 |
| Healthcare Of Ontario Pension Plan Trust Fund | 1,025,411 | $14.9M | 0.0% | −46,670 |
13F reports cover disclosed long positions in U.S. stocks only.
Links
- Websitewww.vestis.com1
- Facebookwww.facebook.com/VestisCorp1
- LinkedInwww.linkedin.com/company/vestiscorp1
- WikidataQ122947676
- SEC EDGARCIK 1967649
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataVestis Corporation on Wikidata
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- 15SEC EDGARJames Phillip Holloman, *
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- 17SEC EDGARRodney Wedemeier, CHRO
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- 19SEC EDGARGrant Shih, Chief Technology Officer
- 20SEC EDGARJames J. Tarangelo, Board member
- 21SEC EDGARThomas Gerard Ondrof, Board member
- 22SEC EDGARTracy C. Jokinen, Board member
- 23SEC EDGARDouglas A. Pertz, Board member
- 24SEC EDGAREna Williams, Board member
- 25SEC EDGARJames Phillip Holloman, Board member
- 26SEC EDGARLynn McKee, Board member
- 27SEC EDGARMary Anne Whitney, Board member
- 28SEC EDGARRichard L. Burke Jr., Board member
- 29SEC EDGARAndre C. Bouchard, General counsel
- 30SEC EDGARTimothy R. Donovan, General counsel
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