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Side-by-side financial comparison of Regency Centers (REG) and Vestis Corp (VSTS). Click either name above to swap in a different company.

Vestis Corp is the larger business by last-quarter revenue ($663.4M vs $404.2M, roughly 1.6× Regency Centers). Regency Centers runs the higher net margin — 50.1% vs -1.0%, a 51.1% gap on every dollar of revenue. On growth, Regency Centers posted the faster year-over-year revenue change (8.5% vs -3.0%). Over the past eight quarters, Regency Centers's revenue compounded faster (5.4% CAGR vs -3.0%).

Regency Centers Corporation is a real estate investment trust based in Jacksonville, Florida, and is one of the largest operators of shopping centers with grocery stores as anchor tenants. As of October 21, 2020, the company owned 415 properties comprising 56-million-square feet of space. Notable properties owned by the company include Serramonte Center and a 30% interest in Village District.

Vestis Corp is a leading provider of workplace uniforms, safety apparel, and facility service solutions. It primarily operates across North America, serving clients in healthcare, manufacturing, retail, hospitality, and public service sectors, offering customized uniform rental, cleaning, and maintenance programs tailored to varied business operational requirements.

REG vs VSTS — Head-to-Head

Bigger by revenue
VSTS
VSTS
1.6× larger
VSTS
$663.4M
$404.2M
REG
Growing faster (revenue YoY)
REG
REG
+11.5% gap
REG
8.5%
-3.0%
VSTS
Higher net margin
REG
REG
51.1% more per $
REG
50.1%
-1.0%
VSTS
Faster 2-yr revenue CAGR
REG
REG
Annualised
REG
5.4%
-3.0%
VSTS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
REG
REG
VSTS
VSTS
Revenue
$404.2M
$663.4M
Net Profit
$202.5M
$-6.4M
Gross Margin
Operating Margin
71.0%
2.5%
Net Margin
50.1%
-1.0%
Revenue YoY
8.5%
-3.0%
Net Profit YoY
134.1%
-868.1%
EPS (diluted)
$-0.05

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
REG
REG
VSTS
VSTS
Q1 26
$663.4M
Q4 25
$404.2M
$712.0M
Q3 25
$387.6M
Q2 25
$380.8M
$673.8M
Q1 25
$380.9M
$665.2M
Q4 24
$372.5M
$683.8M
Q3 24
$360.3M
$684.3M
Q2 24
$357.3M
$698.2M
Net Profit
REG
REG
VSTS
VSTS
Q1 26
$-6.4M
Q4 25
$202.5M
$-12.5M
Q3 25
$109.4M
Q2 25
$106.0M
$-676.0K
Q1 25
$109.6M
$-27.8M
Q4 24
$86.5M
$832.0K
Q3 24
$101.5M
$-2.3M
Q2 24
$102.7M
$5.0M
Operating Margin
REG
REG
VSTS
VSTS
Q1 26
2.5%
Q4 25
71.0%
2.5%
Q3 25
72.7%
Q2 25
73.8%
3.7%
Q1 25
71.8%
-1.3%
Q4 24
71.1%
4.4%
Q3 24
72.5%
4.4%
Q2 24
72.3%
5.4%
Net Margin
REG
REG
VSTS
VSTS
Q1 26
-1.0%
Q4 25
50.1%
-1.8%
Q3 25
28.2%
Q2 25
27.8%
-0.1%
Q1 25
28.8%
-4.2%
Q4 24
23.2%
0.1%
Q3 24
28.2%
-0.3%
Q2 24
28.7%
0.7%
EPS (diluted)
REG
REG
VSTS
VSTS
Q1 26
$-0.05
Q4 25
$-0.10
Q3 25
Q2 25
$-0.01
Q1 25
$-0.21
Q4 24
$0.01
Q3 24
$-0.02
Q2 24
$0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
REG
REG
VSTS
VSTS
Cash + ST InvestmentsLiquidity on hand
$41.5M
Total DebtLower is stronger
$4.7B
Stockholders' EquityBook value
$6.9B
$864.4M
Total Assets
$13.0B
$2.9B
Debt / EquityLower = less leverage
0.69×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
REG
REG
VSTS
VSTS
Q1 26
$41.5M
Q4 25
$29.7M
Q3 25
Q2 25
$23.7M
Q1 25
$28.8M
Q4 24
$18.6M
Q3 24
$31.0M
Q2 24
$29.1M
Total Debt
REG
REG
VSTS
VSTS
Q1 26
Q4 25
$4.7B
$1.2B
Q3 25
$4.9B
Q2 25
$4.8B
Q1 25
$4.6B
Q4 24
$4.4B
Q3 24
$4.4B
$1.2B
Q2 24
$4.4B
Stockholders' Equity
REG
REG
VSTS
VSTS
Q1 26
$864.4M
Q4 25
$6.9B
$865.6M
Q3 25
$6.8B
Q2 25
$6.7B
$882.2M
Q1 25
$6.7B
$876.3M
Q4 24
$6.7B
$899.6M
Q3 24
$6.8B
$903.1M
Q2 24
$6.8B
$901.2M
Total Assets
REG
REG
VSTS
VSTS
Q1 26
$2.9B
Q4 25
$13.0B
$2.9B
Q3 25
$13.1B
Q2 25
$12.7B
$2.9B
Q1 25
$12.6B
$2.9B
Q4 24
$12.4B
$2.9B
Q3 24
$12.4B
$2.9B
Q2 24
$12.4B
$3.1B
Debt / Equity
REG
REG
VSTS
VSTS
Q1 26
Q4 25
0.69×
1.35×
Q3 25
0.72×
Q2 25
0.72×
Q1 25
0.69×
Q4 24
0.66×
Q3 24
0.65×
1.29×
Q2 24
0.64×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
REG
REG
VSTS
VSTS
Operating Cash FlowLast quarter
$203.9M
$37.7M
Free Cash FlowOCF − Capex
$28.3M
FCF MarginFCF / Revenue
4.3%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
1.01×
TTM Free Cash FlowTrailing 4 quarters
$45.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
REG
REG
VSTS
VSTS
Q1 26
$37.7M
Q4 25
$203.9M
$30.9M
Q3 25
$218.7M
Q2 25
$244.0M
$22.9M
Q1 25
$161.0M
$6.7M
Q4 24
$191.4M
$3.8M
Q3 24
$227.6M
$295.6M
Q2 24
$203.5M
$48.7M
Free Cash Flow
REG
REG
VSTS
VSTS
Q1 26
$28.3M
Q4 25
$15.6M
Q3 25
Q2 25
$8.0M
Q1 25
$-6.9M
Q4 24
$-11.0M
Q3 24
$267.5M
Q2 24
$27.7M
FCF Margin
REG
REG
VSTS
VSTS
Q1 26
4.3%
Q4 25
2.2%
Q3 25
Q2 25
1.2%
Q1 25
-1.0%
Q4 24
-1.6%
Q3 24
39.1%
Q2 24
4.0%
Capex Intensity
REG
REG
VSTS
VSTS
Q1 26
1.4%
Q4 25
2.2%
Q3 25
Q2 25
2.2%
Q1 25
2.0%
Q4 24
2.2%
Q3 24
4.1%
Q2 24
3.0%
Cash Conversion
REG
REG
VSTS
VSTS
Q1 26
Q4 25
1.01×
Q3 25
2.00×
Q2 25
2.30×
Q1 25
1.47×
Q4 24
2.21×
4.54×
Q3 24
2.24×
Q2 24
1.98×
9.66×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

REG
REG

Shopping Centers$418.0M103%
Propertymanagementservices$4.1M1%
Assetmanagementservices$1.7M0%

VSTS
VSTS

Workplace Supplies$375.2M57%
Uniforms$227.7M34%
Other$60.5M9%

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