Vestis
Runs uniform rentals and workplace-supplies routes across the United States and Canada.
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Profile
Provides uniform rentals, floor mats, towels, linens, restroom supplies, first-aid supplies, and safety products. Revenue is mostly recurring rental service, reported through U.S. and Canada segments and supported by route density, facility execution, and outsourced workplace-service relationships.
Provides uniform rentals and workplace supplies for customers in the United States and Canada. Uniform work includes sourcing, customization, delivery, laundering, repair, and replacement, while workplace supplies cover mats, towels, linens, restroom services, first-aid supplies, safety products, and specialty garments.
The model is route-based and asset-heavy, using plants, distribution points, and pickup-and-delivery routes to serve hundreds of thousands of customer accounts. Revenue is mostly recurring rental service, with direct sales a smaller complement.
Competitive pressure comes from Cintas, UniFirst, regional providers, local operators, and customers that keep parts of the work in-house. Management's current transformation plan centers on commercial execution, operating standardization, and asset and network optimization.
Company facts
Key statistics
Year to date +89.7% · Average volume (30d) 1.3M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| May 13, 2026 | Robert W. Baird | Target | $6.50 | $14 | ||
| May 13, 2026 | Goldman Sachs | Target | $5.30 | $7.50 | ||
| May 13, 2026 | William Blair | Upgrade | Market Perform | Outperform | ||
| Jan 8, 2026 | Goldman Sachs | Downgrade | Neutral | Sell | $6.30 | $5.30 |
| Dec 2, 2025 | Goldman Sachs | Target | $6.30 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 11, 2026Q3 FY26 | $0.10 | $0.18 | +81.8% | $668.9M | $661.7M | −1.1% | +0.07% |
| May 12, 2026Q2 FY26 | $0.09 | $0.16 | +77.8% | $655.3M | $659.4M | +0.6% | −6.25% |
| Feb 10, 2026Q1 FY26 | $0.06 | $0.10 | +66.7% | $664.2M | $663.4M | −0.1% | +2.00% |
| Dec 1, 2025Q4 FY25 | $0.06 | $0.03 | −47.7% | $678.3M | $712.0M | +5.0% | −7.29% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $665.2M | $673.8M | $712.0M | $663.4M | $659.4M | $661.7M | |
| Gross profit | $175.3M | $182.1M | $178.9M | $171.2M | $139.1M | $185.4M | |
| Operating income | −$8.6M | $25.0M | $17.6M | $16.6M | $27.8M | $37.2M | |
| Net income | −$27.8M | −$676.0K | −$12.5M | −$6.4M | $2.6M | $11.0M | |
| Diluted EPS | −$0.21 | −$0.01 | −$0.10 | −$0.05 | $0.02 | $0.08 | |
| Gross margin | 26.3% | 27.0% | 25.1% | 25.8% | 21.1% | 28.0% | |
| Operating margin | -1.3% | 3.7% | 2.5% | 2.5% | 4.2% | 5.6% |
Fiscal years (4-quarter sums)FY22 $2.69B · FY23 $2.83B · FY24 $2.81B · FY25 $2.73B
Revenue by geography · Q3 FY26
Balance sheet, Jul 3, 2026Cash & short-term investments $57.7M · Total debt $1.34B · Total assets $2.83B · Shareholders' equity $877.7M
Dividends
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Feb 21, 2025 | Feb 21 | Mar 18 | $0.035 | |
| Dec 13, 2024 | Dec 13 | Jan 6 | $0.035 | |
| Sep 13, 2024 | Sep 13 | Oct 3 | $0.035 | |
| Jun 14, 2024 | Jun 14 | Jul 2 | $0.035 | |
| Mar 14, 2024 | Mar 15 | Apr 4 | $0.035 | |
| Dec 14, 2023 | Dec 15 | Jan 4 | $0.035 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 132.11M · Float 111.08M · 84.1% free float
A Form 4 total here can count shares the filer formally disclaims — an award voted by proxy, for instance — which the holder's own Schedule 13D/G excludes, so where the two disagree the schedule's smaller figure is used.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Keith A. Meister · director, 10 percent owner: | 19.82M | 15.00% | Form 4 | Feb 20, 2026 |
| Corvex Management LP | 19.81M | 15.00% | 13F | Aug 14, 2026 |
| BlackRock, Inc. | 15.99M | 12.10% | 13F | Aug 7, 2026 |
| FMR LLC | 9.82M | 7.44% | 13F | Aug 13, 2026 |
| Pacer US Small Cap Cash Cows ETF | 8.19M | 6.22% | 13G | May 2, 2025 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Dec 18, 2025 | Douglas A. Pertz | director | +10,000 | $6.90 |
| Dec 19, 2025 | Douglas A. Pertz | director | +15,000 | $6.90 |
| Dec 16, 2025 | Keith A. Meister | director, 10 percent owner: | +800,222 | $6.81 |
| Dec 17, 2025 | Keith A. Meister | director, 10 percent owner: | +209,842 | $6.79 |
| Dec 8, 2025 | William Goetz | director | +6,746 | $7.42 |
Peers
- Cintas
Largest direct peer in uniform rental and workplace services
- UniFirst
Direct North American uniform and facility-services rival
- Healthcare Services Group
Healthcare-focused overlap in laundry, linen, and EVS
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Vestis | $12.48 | −0.04% | $1.65B | — | 17.6 | 0.6 | −1.8% |
| Cintas | $198.36 | −2.86% | $81.71B | 41.6 | 37.1 | 7.3 | +8.9% |
| UniFirst | $281.88 | −0.00% | $5.12B | 44.5 | 35.5 | 2.1 | +3.9% |
| Healthcare Services Group | $22.44 | +0.04% | $1.54B | 13.1 | 21.2 | 0.8 | +2.7% |
| Median | 41.6 | 35.5 | 2.1 | +3.9% |