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Vestis (VSTS) earnings and revenue breakdown

Latest: Q3 FY26 · 10-Q filed Aug 11, 2026 · Vestis (VSTS) Q3 FY26 earnings results →

Q3 FY26 Revenue down 2% year over year to $662M · 2¢ of every $1 of revenue kept as net profit · operating margin 5.6%

Vestis made $662M in Q3 FY26 (-2% Y/Y): Workplace Supplies $420M, Uniforms $242M. Operating margin 5.6%, net earnings $11.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 11, 2026.

Revenue$662M
Year over year-2%
Operating margin5.6%
Net earnings$11.0M
Operating cash flow$64.9M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $661.7M in Q3 FY26, down 2% year over year and roughly flat from the previous quarter. Workplace Supplies was the largest line at 63% of revenue. Uniforms lost $18.3M year over year (down 7%), 151% of the total change.

Operating profit was $37.2M, a 5.6% margin (up 1.9 points year over year). Total costs fell 4% while revenue fell 2%. Net earnings were $11.0M. The effective tax rate was 23.0%.

Operating cash flow was $64.9M (up 184% year over year), 588% of net earnings. Non-cash charges added back $33.3M of depreciation and amortization and $3.3M of share-based compensation. Working capital and other items added $17.3M. Capital expenditures of $18.0M left free cash flow of $47.0M.

Quarterly history

Vestis revenue by quarterVestis revenue by quarter$684MQ4 FY24$665MQ2 FY25$674MQ3 FY25$712MQ4 FY25$663MQ1 FY26$659MQ2 FY26$662MQ3 FY26
Vestis net earnings by quarterVestis net earnings by quarter−$2.3MQ4 FY24−$27.8MQ2 FY25−$676KQ3 FY25−$12.5MQ4 FY25−$6.4MQ1 FY26$2.6MQ2 FY26$11.0MQ3 FY26
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 FY2610-QAug 11, 2026$662M-2%5.6%$11.0M$64.9M
Q2 FY2610-QMay 12, 2026$659M-0.9%4.1%$2.6M$58.3M
Q1 FY2610-QFeb 10, 2026$663M-3%2.5%−$6.4M$37.7M
Q4 FY2510-KDec 2, 2025$712M+4%2.5%−$12.5M$30.9M
Q3 FY2510-QAug 5, 2025$674M-4%3.7%−$676K$22.9M
Q2 FY2510-QMay 7, 2025$665M-6%-1.3%−$27.8M$6.7M
Q4 FY2410-KNov 22, 2024$684M-4%4.4%−$2.3M$296M

Charts

Vestis: revenue growth, year over year and quarter over quarterVestis: revenue growth, year over year and quarter over quarterY/YQ/Q-4%Q4 FY24-6%-3%Q2 FY25-4%+1%Q3 FY25+4%+6%Q4 FY25-3%-7%Q1 FY26-1%-1%Q2 FY26-2%+0%Q3 FY26
Latest (Q3 FY26): Y/Y -2%, Q/Q +0%.
Vestis: where the cash came from (+) and went (−), TTM to Q3 FY26Vestis: where the cash came from (+) and went (−), TTM to Q3 FY26Operating cash flow$192MNet borrowing (+) / repaid (−)−$110MCapital spending−$55.4MCash drawn (+) / kept (−)−$33.9MAsset & business sales$7.2MOther financing−$679KExchange rates$633KOther investing$393K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Vestis: profit against cash, quarter by quarterVestis: profit against cash, quarter by quarterNet incomeOperating cash flow−$2.3M$296MQ4 FY24$832K$3.8MQ1 FY25−$27.8M$6.7MQ2 FY25−$676K$22.9MQ3 FY25−$12.5M$30.9MQ4 FY25−$6.4M$37.7MQ1 FY26$2.6M$58.3MQ2 FY26$11.0M$64.9MQ3 FY26
Latest (Q3 FY26): Net income $11.0M, Operating cash flow $64.9M.
Vestis: diluted shares by fiscal yearVestis: diluted shares by fiscal year131MFY22131MFY23132MFY24132MFY25
+0.8% since FY22: more shares outstanding (issuance, stock pay).
Vestis: long-term debt falling due (FY25)Vestis: long-term debt falling due (FY25)$504M2028$665MLater
Cash $29.7M, short-term investments —, long-term debt $1.2B at 2025-10-03.
Vestis in its industry: growth against margin (6 companies, SIC 5190)Vestis in its industry: growth against margin (6 companies, SIC 5190)revenue growth, year over year →↑ operating marginmedian -8%median -4%CENTHYFMNHTCEDUCSTRGVSTS (-2%, 6%)
Wholesale-Miscellaneous Nondurable Goods; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Vestis

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. We have over 75 years of experience providing uniforms and workplace supplies and a broad footprint that supports efficient delivery of our services and products to more than 300,000 customer accounts (based on unique customer identification numbers) across the United States and Canada.

In its own words, from its 10-K, filed Dec 2, 2025.

Vestis against its Wholesale-Miscellaneous Nondurable Goods peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -2% against the peers' median -8%. Operating margin: 5.6% against the peers' median -32.0%.

CompanyQuarterRevenueY/YOp. margin
VSTS VestisQ3 FY26$662M-2%5.6%
CENT Central Garden & PetQ3 FY26$882M-8%14.3%
HYFM Hydrofarm Holdings GroupQ2 2026$23.2M-41%-32.0%
NHTC Natural Health TrendsQ3 2026$7.6M-20%-3.7%
EDUC Educational DevelopmentQ2 FY27$4.1M-12%-38.4%
QPRC Quest Patent ResearchQ2 2026$2.0M—-74.5%
STRG Starguide GroupQ4 FY26$88+319%n/m

Source: Vestis 10-Q on SEC EDGAR · CIK 1967649 · Wholesale-Miscellaneous Nondurable Goods

13F: who owns VSTS and who is buying

Largest holders of VSTS (13F)Largest holders of VSTS (13F)Corvex Management LP$288MBlackRock$232MFMR LLC$143MAlberta Investment Management$79.9MGreenstone Partners & Co., LLC$74.0MRoyal Bank of Canada$72.4MVanguard Capital Management LLC$72.2MVanguard Group$66.4MVanguard Portfolio Management LLC$65.0MState Street$63.0M
Funds' net buying of VSTS by quarter (13F)Funds' net buying of VSTS by quarter (13F)−$8.5M2024-09−$87.5M2024-12−$17.9M2025-03$31.0M2025-06−$33.1M2025-09$42.6M2025-12−$70.1M2026-03−$30.3M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on VSTS

History

Every quarter: Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results · Q2 FY25 results · Q4 FY24 results

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