Liquidity Services vs Vestis
Vestis reported revenue of $2.7 billion in fiscal 2025, 5.7 times Liquidity Services' $477 million in fiscal 2025. Liquidity Services' revenue grew 31.2% in its latest year, and Vestis' fell 2.5%. Liquidity Services had an operating margin of 7.4%, against 2.4% at Vestis. Free cash flow was $59 million at Liquidity Services and $6 million at Vestis. Their fiscal years end in different months (September 30 and October 3), so the periods don't line up exactly.
Side by side
| Liquidity Services | Vestis | |
|---|---|---|
| Latest fiscal year | FY2025, Sep 30, 2025 | FY2025, Oct 3, 2025 |
| Revenue | $477M | $2.7B |
| Revenue growth | 31.2% | −2.5% |
| Revenue growth a year, last 5 years | 18.3% | — |
| Gross margin | 43.8% | — |
| Operating margin | 7.4% | 2.4% |
| Net margin | 5.9% | −1.5% |
| Free cash flow | $59M | $6M |
| Free cash flow margin | 12.4% | 0.2% |
| Return on capital | — | 2.3% |
| Net debt to EBITDA | — | 6.3x |
| Dividends and buybacks | $16M | $14M |
| Change in diluted share count | 2.5% | −0.0% |
| Last close | $43.64 | $14.20 |
| P/E at the last close | 42.8× | — |
| Insider trades, last 12 months | sold $14.1 million | bought $9.2 million, sold $0 |
| Piotroski F-score | — | 5 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Liquidity ServicesVestis
Operating margin
Percent of revenue
Liquidity ServicesVestis
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Liquidity ServicesVestis
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Liquidity Services and Vestis pages.