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Vestis VSTS Effective tax rates

Effective tax rates at other companies

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Skyline ChampionSKY
$0.25+19.0%
ALH
Alliance Laundry Holdings Inc.ALH

Other financials

Income statement

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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

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Operating cash flow$58.3M+775%
CapEx$12.7M-6.1%
Free cash flow$45.6M+765%

Valuation

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Market cap$1.88B+221%
Enterprise value$3.2B+62.8%
P/S0.7×+0.5×

Profitability

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Gross margin26.1%-1.9pp
Operating margin3.2%-0.1pp
Net margin-0.6%
FCF margin3.6%-6.6pp

Returns & leverage

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Return on equity-2%
Debt / equity1.6×0.0×
Current ratio2.1×+0.3×

Where this comes from

Reported directly by Vestis in its filing.

Tagged under the XBRL concept us-gaap:EffectiveIncomeTaxRateContinuingOperations.

The source filing: Vestis’s 10-Q, filed May 12, 2026.

Filed
May 12, 2026, 7:09 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-033871

The Company's effective tax rate was (3.4)% and 18.6% for the three months ended April 3, 2026 and March 28, 2025, respectively. For the six months ended April 3, 2026 and March 28, 2025, the Company's effective tax rate was 37.3% and 17.3%, respectively. The Company’s effective tax rate for the three and six months ended April 3, 2026 differed from the U.S. statutory rate primarily due to our consolidated pre-tax book loss relative to the impacts of state taxes, permanent book/tax differences consisting mainly of nondeductible expenses and our international operations in jurisdictions with higher income tax rates. The Company’s effective tax rate for the three and six months ended March 28, 2025 differed from the U.S. statutory rate primarily due to the consolidated pre-tax book loss relative to the impacts of state taxes, permanent book/tax differences and our international operations in jurisdictions with higher income tax rates.

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Vestis's effective tax rates?
Vestis (VSTS) reported effective tax rates of -$0.03 in Q1 2026.
How has Vestis's effective tax rates changed year-over-year?
Vestis's effective tax rates decreased by 118.3% year-over-year, from $0.19 to -$0.03.

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