What is Vestis's net debt?

Vestis (VSTS) reported net debt of $1.33B in Q1 2026.

How has Vestis's net debt changed year-over-year?

Vestis's net debt decreased by 3.4% year-over-year, from $1.37B to $1.33B.

What is the long-term trend for Vestis's net debt?

Over 2 years (2023 to 2025), Vestis's net debt has grown at a -8.3% compound annual growth rate (CAGR), from $1.65B to $1.39B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Vestis VSTS Net debt

Discontinued — last reported Q2 '26

Net debt at other companies

Cabot CorporationCBT

1.1×-0.3×

Travel + LeisureTNL

6×+1.6×

UnifirstUNF

-0.2×-0.1×

HES

Hess MidstreamHESM

3.1×-0.1×

Dave, Inc.DAVE

-0.6×-1.0×

MillerKnollMLKN

4.7×-5.3×

Other financials

Income statement

See full

Revenue$659.4M-0.9%

Gross profit$173.7M-0.9%

Operating income$26.8M+412%

Net income$2.6M+109%

EPS (diluted)$0.02+110%

Balance sheet

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Cash & equivalents$50.3M+74.8%

Total debt$1.4B-1.8%

Total equity$867.2M-1.0%

Total assets$2.9B-1.2%

Cash flow

See full

Operating cash flow$58.3M+775%

CapEx$12.7M-6.1%

Free cash flow$45.6M+765%

Valuation

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Market cap$1.78B+10.4%

Enterprise value$3.11B+2.9%

P/S0.7×+0.1×

Profitability

See full

Gross margin26.1%-1.9pp

Operating margin3.2%-0.1pp

Net margin-0.6%—

FCF margin3.6%-6.6pp

Returns & leverage

See full

Return on equity-2%—

Debt / equity1.6×0.0×

Current ratio2.1×+0.3×

Where this comes from

Calculated from Vestis’s reported figures.

$1.4Btotal debt−$50.3Mcash and equivalents=$1.33B

The official record: Vestis’s 10-Q, filed May 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Vestis's net debt?: Vestis (VSTS) reported net debt of $1.33B in Q1 2026.
How has Vestis's net debt changed year-over-year?: Vestis's net debt decreased by 3.4% year-over-year, from $1.37B to $1.33B.
What is the long-term trend for Vestis's net debt?: Over 2 years (2023 to 2025), Vestis's net debt has grown at a -8.3% compound annual growth rate (CAGR), from $1.65B to $1.39B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.