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Vestis VSTS Workers’ compensation liability expenses

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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$1.83B+213%
Enterprise value$3.16B+60.5%
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 vsts:WorkersCompensationInsuranceExpense.

The source filing: Vestis’s 10-K, filed December 2, 2025.

Filed
Dec 2, 2025
Fiscal year
FY2025
Accession
0001628280-25-054597

The Company entered into an independent general liability, automobile liability, workers’ compensation liability insurance policy effective September 29, 2023. As a result, during fiscal 2025 and fiscal 2024, the Company recorded general liability, automobile liability, and workers’ compensation liability expenses, which are included within “Cost of services provided (exclusive of depreciation and amortization)” and “Selling, general and administrative expenses” on the Consolidated Statements of Income. For fiscal 2025, general liability, automobile liability, and workers’ compensation liability expenses were $7.9 million, $20.6 million, and $25.6 million, respectively. For fiscal 2024, general liability, automobile liability, and workers’ compensation liability expenses were $11.4 million, $16.5 million, and $22.8 million, respectively. The estimated current portion of such reserves is included in “Accrued expenses and other current liabilities,” while the estimated long-term portion is included in “Other Noncurrent Liabilities” in the consolidated balance sheets.

Item 8. Financial Statements and Supplementary Data.

FAQ

What is Vestis's workers’ compensation liability expenses?
Vestis (VSTS) reported workers’ compensation liability expenses of $6.4M in Q3 2025.
How has Vestis's workers’ compensation liability expenses changed year-over-year?
Vestis's workers’ compensation liability expenses increased by 12.3% year-over-year, from $5.7M to $6.4M.
What does workers’ compensation liability expenses mean?
The expense related to insurance premiums or self-insured reserves for employee workplace injuries. This is a critical indicator of operational safety and human capital risk management. High or rising costs in this area may suggest a need for improved safety protocols or higher workplace hazard exposure.

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