VSTSVestis Corporation
Is the business good?
The checks split: nothing decisive, though earnings fully cash-backed (2.5×).
Operating profit is fully backed by cash. Conversion is worsening vs a year ago.
Margins have held roughly steady, a stable cost structure.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is VSTS?
Vestis Corporation earns 4.1% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
Return on invested capital · cost of capital 9.0% · 4.9 points below what the capital costs: growth destroys value
- Operating margin
- 3.6%
Operating margin · Rental & Leasing Services median 8.0% · 12 months to Q3 2026
- Cash conversion
- 2.47×
Cash conversion · 5.44× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- +1.9%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2022 | 7.1% |
| FY2023 | 7.7% |
| FY2024 | 5.6% |
| FY2025 | 2.4% |
Details›
- Gross margin12 months to Q3 2026
- 26%
- Operating margin12 months to Q3 2026
- 3.6%
- Net margin12 months to Q3 2026
- −0.20%
- Free cash flow margin
- 5.1%
- Revenue, trailing twelve months
- $2.70B
- Free cash flow, trailing twelve months
- $136M
- Net income, trailing twelve months
- −$5.3M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 4.1%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Rental & Leasing Services
Ranks #8 of 13 by RyuScore