Vestis Corp Reports Q4 2025 Earnings, Launches Transformation Plan to Unlock Growth

Vestis Corp reported Q4 2025 revenue of $712 million, a 3.5% YoY decline compared to Q4 2024. Rental revenue decreased by $18 million, and direct sales revenue dropped 13.6% YoY. Gross margin was 25.1%, down 366 basis points YoY. Adjusted EBITDA was $65 million, and free cash flow was $16 million. Net debt stood at $1.34 billion, with $298 million in available liquidity. The company expects 2026 revenue to be flat to down 2% and adjusted EBITDA to be between $285 million and $315 million.