Vestis Corp key statistics and ratios

In fiscal 2025, Vestis Corp had return on equity of -4.5%, an operating margin of 2.4%, debt equal to 135.0% of equity and a current ratio of 2.08. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Vestis Corp: financial ratios, annual
Fiscal year	2022Sept 2022	2023Sept 2023	2024Sept 2024	2025Oct 2025	LTMJul 2026
Operating margin	7.2%	7.7%	5.6%	2.4%	3.6%
Net margin	5.3%	7.5%	0.7%	−1.5%	−0.2%
Free-cash-flow margin	5.8%	6.3%	14.0%	0.2%	5.1%
Return on equity	6.1%	13.3%	2.4%	−4.5%	−0.6%
Return on assets	—	6.8%	0.7%	−1.4%	−0.2%
Asset turnover	—	0.89	0.92	0.94	0.94
Current ratio	—	2.58	1.78	2.08	2.17
Debt to equity	0.0%	171.0%	128.7%	135.0%	125.0%
Interest cover (operating income ÷ interest)	42.3x	103.3x	1.2x	0.7x	—
Effective tax rate	25.4%	21.0%	34.5%	—	—
SG&A as % of revenue	16.8%	17.7%	18.4%	18.9%	17.6%
Capital spending as % of revenue	2.8%	2.8%	2.8%	2.1%	2.1%
Free cash flow ÷ net income	110.4%	84.0%	>999%	—	—
Dividends ÷ net income	0.0%	0.0%	65.8%	—	—
Dividends and buybacks ÷ free cash flow	0.0%	0.0%	3.5%	239.6%	0.0%

US$ thousands unless shown otherwise. Fiscal quarters.

Vestis Corp: financial ratios, quarterly
Quarter	2024 Q4Sept 2024	2025 Q1Dec 2024	2025 Q2Mar 2025	2025 Q3Jun 2025	2025 Q4Oct 2025	2026 Q1Jan 2026	2026 Q2Apr 2026	2026 Q3Jul 2026
Operating margin	4.4%	4.4%	−1.3%	3.7%	2.5%	2.5%	4.1%	5.6%
Net margin	−0.3%	0.1%	−4.2%	−0.1%	−1.8%	−1.0%	0.4%	1.7%
Free-cash-flow margin	39.1%	−1.6%	−1.0%	1.2%	2.2%	4.3%	6.9%	7.1%
Current ratio	1.78	1.80	1.87	1.84	2.08	2.17	2.13	2.17
Debt to equity	127.1%	125.4%	132.3%	131.1%	133.4%	132.9%	128.6%	123.8%
SG&A as % of revenue	19.3%	17.7%	22.2%	18.2%	17.7%	18.1%	17.0%	17.4%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

1 of 5 checks passed · July 3, 2026

What it owns · $2.8bn

Short-term assets $832mLonger-term assets $2.0bn

What it owes, and who funded it · $2.8bn

Short-term liabilities $384mLonger-term liabilities $1.6bnShareholders' equity $878m

Short-term assets cover short-term liabilities $832m of assets due within a year against $384m of liabilities due within a year.
Short-term assets cover long-term liabilities $832m short-term assets against $1.6bn of longer-dated liabilities.
More cash than debt $58m of cash against $1.1bn of debt.
Debt below 40% of shareholders' equity Debt is 124% of equity.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt $192m of operating cash flow against $1.1bn of debt.
Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Vestis Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Vestis Corp's SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Vestis Corp.