Vestis Corp
VSTSActiveCIK 1967649 · Business Services & Route-Based
N/A
Market data as of N/A
Financials: LTM / latest available company filings
Sources: FMP, VSTS filings, SEC EDGAR
$1,219
Market cap ($MM)
$2,585
Enterprise value ($MM)
$2,714
Revenue · LTM ($MM)
$177
EBITDA · LTM ($MM)
7%
EBITDA margin
1.0x
EV / revenue
14.6x
EV / EBITDA
6.0x
Net debt / EBITDA
Coverage
Coverage view
The analytical read on the name and the balance-sheet capacity behind the program.
Key points
- 01VSTS is a scaled public consolidator in Route-Based, a benchmark for how the sub-sector buys, pays, and trades.
- 02The relevant peer set is CTAS, ROL, ARMK, BRO, ABM, WSC.
Balance sheet & capacity
Indicative capacity read: 6.0x net debt / EBITDA with EBITDA of $177MM.
$50
Cash & equiv. ($MM)
$1,115
Total debt ($MM)
$1,065
Net debt ($MM)
6.0x
Net debt / EBITDA
Valuation
Where it trades against its peer set
VSTS versus the scaled public Business Services & Route-Based comparables.
Indexed share-price performance
VSTS versus available Business Services & Route-Based peers and SPY.
-39%
VSTS
N/A
Peer med.
+76%
SPY
Indexed to 100 from Sep 29, 2023 through May 26, 2026. Source: FMP month-end close history.
| Company | Ticker | Revenue ($MM) | EBITDA ($MM) | Margin | Market cap ($MM) | EV ($MM) | EV / rev | EV / EBITDA | Net debt / EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| Vestis Corp | VSTS | $2,714 | $177 | 7% | $1,219 | $2,585 | 1.0x | 14.6x | 6.0x |
Financials via Financial Modeling Prep (SEC-derived TTM). EV/EBITDA distribution: each dot a live peer, band = interquartile range, line = median. Impossible values (EBITDA > revenue, negative-EBITDA multiples) shown NM.
M&A program
A sustained, programmatic tuck-in cadence
VSTS's disclosed acquisition footprint and the deals behind it.
Disclosed acquisitions
2
Active years
1
Named deals
N/A
Avg / active year
2.0
Acq. cash outflow ($MM)
N/A
Banker read
- 01VSTS reads as a programmatic acquirer: 2 disclosed acquisitions across 1 active years, or 2.0 per active year. The chart shows activity in 1 of the last 1 visible years.
- 02In the last three years, the file shows 1 acquisitions versus 0 in the prior three; recent activity is the visible baseline.
- 03Spend changes the read: $4.6MM of disclosed spend is concentrated in lumpy years, with FY25 the largest year at $4.6MM. Recent spend is the visible baseline.
Annual acquisitions + disclosed spend
VSTS count bars show acquisition cadence; the spend line shows when the program required larger capital deployment.
Program diagnostics
Recent / prior
1 / 0
Last three years sets the visible baseline vs prior three.
Peak count year
FY25
1 disclosed acquisitions in the peak visible year.
Recent spend
$4.6MM
sets the visible baseline vs prior three; peak FY25 at $4.6MM.
Named evidence
0 rows
0.0% selected source-cited transaction coverage.
Selected transactions
| Date | Target | Segment | Consideration ($MM) | Strategic rationale | Source |
|---|---|---|---|---|---|
| No named transactions clear the quality bar in this snapshot. | |||||
Acquisitions disclosed/extracted from SEC filings; not necessarily full M&A history. Disclosed acquisition cash outflow is cumulative "payments for acquisitions, net of cash acquired" from the 10-K cash-flow statements (a cash outflow, not deal value). Built on 1 SEC-backed facts across 0 cited filings.
Evidence
Source archive
A collapsed investigation trail for the SEC filings behind the financials, annual M&A cadence, named transactions, and management language.
Annual 10-Ks
3
Named deal filings
0
Recent SEC filings
0
Evidence clips
0
Annual 10-K M&A evidenceAccepted annual filings used for disclosed acquisition count and spend.3 rows+-
| Fiscal year | Filing date | Form | Status | Count | Cash spend | Purchase consideration | Source |
|---|---|---|---|---|---|---|---|
| FY2025 | Dec 2, 2025 | Annual M&A 10-K | warning (1 warn) | 1 | $4.6MM | N/A | SEC filing |
| FY2024 | Nov 22, 2024 | Annual M&A 10-K | quarantined (1 issue) | 0 | N/A | N/A | SEC filing |
| FY2023 | Dec 21, 2023 | Annual M&A 10-K | accepted | 0 | N/A | N/A | SEC filing |
Named transaction source filingsFilings behind selected named-deal rows and transaction excerpts.0 rows+-
Recent SEC filingsThe latest profile filings, kept separate so someone can investigate beyond M&A.0 rows+-
Evidence clipsShort excerpts used on the page; expand only when you want the language.0 rows+-
Annual M&A counts and disclosed spend are extracted from SEC acquisition disclosures and cash-flow statements; named-deal rows carry direct filing links where the filing identifies the target or consideration.