Forensic Analysis · Nondurable-Goods Wholesale · as of Nov 8, 2026

Vestis Corp (VSTS)

A forensic read on Vestis Corp built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

C · Mixed — selective

Forensic grade

Grey Zone

Financial health

1.5

Distress distance

Clean

Earnings quality

Forensic signals

-4.5%

ROE

-2.5%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Vestis Corp earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 1.5, placing it in the Grey zone. 2 forensic signals were flagged in its latest SEC filings, led by return on invested capital.

What the filings flag

2.1%

FY2025

Return on invested capital. Return on invested capital is 2.1% in the latest fiscal year and slipping across FY2023–FY2025 from 6.3%. After-tax operating profit was $172M in FY2023 and $51M in FY2025, with operating income at 7.7% of revenue in FY2023, 5.6% in FY2024 and 2.4% in FY2025. The capital base behind it came down -11% across FY2023–FY2025, from $2.8B to $2.5B, so this return is struck on a smaller base than it started on.

240% of FCF

FY2025

Shareholder returns. Returned $14M to shareholders (buybacks + dividends) in FY2025 — 240% of free cash flow, but 22% of operating cash flow. Returns run ahead of free cash flow, with the gap funded by debt or cash reserves rather than the cash the business itself throws off; the payout itself is still covered by operating cash. Counting the $12M of stock-based comp paid out in shares on top of that, the combined claim on free cash flow is 440%.

Key fundamentals

Latest Revenue$2.73B

Revenue Growth YoY-2.5%

Revenue CAGR (2yr)-1.6%

Net Margin-1.5%

Free Cash Flow$5.8M

Return on Equity-4.5%

Debt / Equity1.33x

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Data from SEC EDGAR public filings · metrics as of Nov 8, 2026. Forensic signals flag probability, not certainty.

See a wrong number? Report an error with the filing it should match.