TacticScaleWhat Vestis Does & How It Makes Money (VSTS)
Updated October 2026 · reflects Vestis's latest reported financials
Uniform rental and workplace supplies provider for North American businesses. It earns money mainly from recurring rental and service fees paid by business customers for uniforms and workplace supplies.
How Vestis makes money
It earns money mainly from recurring rental and service fees paid by business customers for uniforms and workplace supplies. It also sells some products such as shoes, accessories, and first-aid and safety items.
What Vestis does
Vestis Corporation is a uniform rental and workplace supplies company that serves businesses across the United States and Canada. It provides a wide range of uniforms, from everyday shirts and pants to specialized garments like scrubs, high-visibility wear, flame-resistant clothing, and particulate-free cleanroom apparel, along with shoes and accessories. Beyond uniforms, Vestis supplies floor mats, towels, linens, managed restroom services, and first-aid and safety products. Its customers come from many industries, including manufacturing, hospitality, retail, food processing, food service, pharmaceuticals, healthcare, automotive, and cleanroom operations. Founded in 1936, the company is headquartered in Roswell, Georgia.
Products & services
- Uniform rental (shirts, pants, outerwear, scrubs, gowns)
- Flame-resistant and high-visibility garments
- Cleanroom particulate-free garments
- Floor mats, towels, and linens
- Managed restroom supply services
- First-aid and safety products
What is Vestis worth?
On an owner-earnings DCF, Vestis's most-likely value is about $10 versus a recent price near $14 (27% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$7) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
⚠ High leverage — net debt is 9.4× annual cash flow. Net debt is subtracted from this fair value, but refinancing at higher rates, principal timing, and share dilution aren’t modeled — the equity can be worth far less if cash flow weakens.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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