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Side-by-side financial comparison of Vestis Corp (VSTS) and WESTERN ALLIANCE BANCORPORATION (WAL). Click either name above to swap in a different company.

WESTERN ALLIANCE BANCORPORATION is the larger business by last-quarter revenue ($1.0B vs $663.4M, roughly 1.5× Vestis Corp). WESTERN ALLIANCE BANCORPORATION runs the higher net margin — 18.6% vs -1.0%, a 19.5% gap on every dollar of revenue. On growth, WESTERN ALLIANCE BANCORPORATION posted the faster year-over-year revenue change (31.0% vs -3.0%). Over the past eight quarters, WESTERN ALLIANCE BANCORPORATION's revenue compounded faster (14.9% CAGR vs -3.0%).

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.

Western Alliance Bancorporation is a regional bank holding company headquartered in Phoenix. It is on the list of largest banks in the United States and is ranked 97th on the Forbes list of America's Best Banks.

VSTS vs WAL — Head-to-Head

Bigger by revenue
WAL
WAL
1.5× larger
WAL
$1.0B
$663.4M
VSTS
Growing faster (revenue YoY)
WAL
WAL
+33.9% gap
WAL
31.0%
-3.0%
VSTS
Higher net margin
WAL
WAL
19.5% more per $
WAL
18.6%
-1.0%
VSTS
Faster 2-yr revenue CAGR
WAL
WAL
Annualised
WAL
14.9%
-3.0%
VSTS

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
VSTS
VSTS
WAL
WAL
Revenue
$663.4M
$1.0B
Net Profit
$-6.4M
$189.2M
Gross Margin
Operating Margin
2.5%
Net Margin
-1.0%
18.6%
Revenue YoY
-3.0%
31.0%
Net Profit YoY
-868.1%
-5.0%
EPS (diluted)
$-0.05
$1.65

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
VSTS
VSTS
WAL
WAL
Q1 26
$663.4M
$1.0B
Q4 25
$712.0M
$980.9M
Q3 25
$938.2M
Q2 25
$673.8M
$845.9M
Q1 25
$665.2M
$778.0M
Q4 24
$683.8M
$838.4M
Q3 24
$684.3M
$823.1M
Q2 24
$698.2M
$771.8M
Net Profit
VSTS
VSTS
WAL
WAL
Q1 26
$-6.4M
$189.2M
Q4 25
$-12.5M
$286.1M
Q3 25
$253.4M
Q2 25
$-676.0K
$230.4M
Q1 25
$-27.8M
$199.1M
Q4 24
$832.0K
$216.9M
Q3 24
$-2.3M
$199.8M
Q2 24
$5.0M
$193.6M
Operating Margin
VSTS
VSTS
WAL
WAL
Q1 26
2.5%
Q4 25
2.5%
36.3%
Q3 25
33.4%
Q2 25
3.7%
34.4%
Q1 25
-1.3%
31.7%
Q4 24
4.4%
30.9%
Q3 24
4.4%
30.6%
Q2 24
5.4%
32.1%
Net Margin
VSTS
VSTS
WAL
WAL
Q1 26
-1.0%
18.6%
Q4 25
-1.8%
29.2%
Q3 25
27.0%
Q2 25
-0.1%
27.2%
Q1 25
-4.2%
25.6%
Q4 24
0.1%
25.9%
Q3 24
-0.3%
24.3%
Q2 24
0.7%
25.1%
EPS (diluted)
VSTS
VSTS
WAL
WAL
Q1 26
$-0.05
$1.65
Q4 25
$-0.10
$2.59
Q3 25
$2.28
Q2 25
$-0.01
$2.07
Q1 25
$-0.21
$1.79
Q4 24
$0.01
$1.94
Q3 24
$-0.02
$1.80
Q2 24
$0.04
$1.75

Balance Sheet & Financial Strength

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

Metric
VSTS
VSTS
WAL
WAL
Cash + ST InvestmentsLiquidity on hand
$41.5M
Total DebtLower is stronger
$4.3B
Stockholders' EquityBook value
$864.4M
$7.9B
Total Assets
$2.9B
$98.9B
Debt / EquityLower = less leverage
0.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
VSTS
VSTS
WAL
WAL
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
VSTS
VSTS
WAL
WAL
Q1 26
$4.3B
Q4 25
$1.2B
$1.4B
Q3 25
$2.9B
Q2 25
$2.9B
Q1 25
$1.6B
Q4 24
$2.4B
Q3 24
$1.2B
$1.4B
Q2 24
$436.0M
Stockholders' Equity
VSTS
VSTS
WAL
WAL
Q1 26
$864.4M
$7.9B
Q4 25
$865.6M
$7.7B
Q3 25
$7.4B
Q2 25
$882.2M
$7.1B
Q1 25
$876.3M
$6.9B
Q4 24
$899.6M
$6.7B
Q3 24
$903.1M
$6.7B
Q2 24
$901.2M
$6.3B
Total Assets
VSTS
VSTS
WAL
WAL
Q1 26
$2.9B
$98.9B
Q4 25
$2.9B
$92.8B
Q3 25
$91.0B
Q2 25
$2.9B
$86.7B
Q1 25
$2.9B
$83.0B
Q4 24
$2.9B
$80.9B
Q3 24
$2.9B
$80.1B
Q2 24
$3.1B
$80.6B
Debt / Equity
VSTS
VSTS
WAL
WAL
Q1 26
0.54×
Q4 25
1.35×
0.18×
Q3 25
0.39×
Q2 25
0.41×
Q1 25
0.23×
Q4 24
0.36×
Q3 24
1.29×
0.21×
Q2 24
0.07×

Cash Flow & Capital Efficiency

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

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
VSTS
VSTS
WAL
WAL
Q1 26
$37.7M
Q4 25
$30.9M
$-2.7B
Q3 25
$-597.4M
Q2 25
$22.9M
$-357.7M
Q1 25
$6.7M
$-1.7B
Q4 24
$3.8M
$-2.7B
Q3 24
$295.6M
$-1.1B
Q2 24
$48.7M
$-745.8M
Free Cash Flow
VSTS
VSTS
WAL
WAL
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
VSTS
VSTS
WAL
WAL
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
VSTS
VSTS
WAL
WAL
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
VSTS
VSTS
WAL
WAL
Q1 26
Q4 25
-9.36×
Q3 25
-2.36×
Q2 25
-1.55×
Q1 25
-8.31×
Q4 24
4.54×
-12.64×
Q3 24
-5.35×
Q2 24
9.66×
-3.85×

Financial Flow Comparison

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

Revenue Breakdown by Segment

VSTS
VSTS

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

WAL
WAL

Segment breakdown not available.

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