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Hydrofarm vs Vestis: revenue, profit, margins and growth compared

Hydrofarm brought in $134.3M of revenue in fiscal 2025, Vestis $2.7B in fiscal 2025. Revenue changed by -29.4% at Hydrofarm and -2.5% at Vestis on the year before, so Vestis grew faster. Hydrofarm kept -215.9% of its revenue as net profit, Vestis -1.5%. Free cash flow was -$15.1M at Hydrofarm and $5.8M at Vestis.

Side by side, latest fiscal year

HYFMVSTS
Fiscal year endedFY2025 (December 31, 2025)FY2025 (October 3, 2025)
Revenue$134.3M$2.7B
Revenue growth-29.4%-2.5%
Net income-$289.8M-$40.2M
Net margin-215.9%-1.5%
Free cash flow-$15.1M$5.8M
Free cash flow margin-11.2%0.2%
Earnings per share (diluted)-$62.35-$0.31
Cash$6.3M$29.7M
Debt$111.9M$1.2B
Price to earningsn/an/a
Market value$4.7M$1.8B
Dividend yieldn/a0.26%
Rank by revenue in sector#700 of 955 · Consumer discretionary#306 of 955 · Consumer discretionary

Over the years

Revenue
HYFM FY2019: $235.1MHYFM FY2021: $342.2MHYFM FY2021: $479.4MHYFM FY2022: $344.5MHYFM FY2023: $226.6MHYFM FY2024: $190.3MHYFM FY2025: $134.3MVSTS FY2022: $2.7BVSTS FY2024: $2.8BVSTS FY2024: $2.8BVSTS FY2025: $2.7BFY19FY21FY22FY23FY24FY25
HYFM $134.3MVSTS $2.7B
Net income
HYFM FY2019: -$40.1MHYFM FY2021: -$7.3MHYFM FY2021: $13.4MHYFM FY2022: -$285.4MHYFM FY2023: -$64.8MHYFM FY2024: -$66.7MHYFM FY2025: -$289.8MVSTS FY2022: $141.7MVSTS FY2024: $213.2MVSTS FY2024: $21MVSTS FY2025: -$40.2MFY19FY21FY22FY23FY24FY25
HYFM -$289.8MVSTS -$40.2M
Net margin
HYFM FY2019: -17.0%HYFM FY2021: -2.1%HYFM FY2021: 2.8%HYFM FY2022: -82.8%HYFM FY2023: -28.6%HYFM FY2024: -35.1%HYFM FY2025: -215.9%VSTS FY2022: 5.3%VSTS FY2024: 7.5%VSTS FY2024: 0.7%VSTS FY2025: -1.5%FY19FY21FY22FY23FY24FY25
HYFM -215.9%VSTS -1.5%
Revenue growth
HYFM FY2021: +45.6%HYFM FY2021: +40.1%HYFM FY2022: -28.1%HYFM FY2023: -34.2%HYFM FY2024: -16.0%HYFM FY2025: -29.4%VSTS FY2024: +5.1%VSTS FY2024: -0.7%VSTS FY2025: -2.5%FY21FY22FY23FY24FY25
HYFM -29.4%VSTS -2.5%
Free cash flow
HYFM FY2019: -$14.1MHYFM FY2021: -$46.3MHYFM FY2021: -$50.5MHYFM FY2022: $13.8MHYFM FY2023: $2.8MHYFM FY2024: -$3.2MHYFM FY2025: -$15.1MVSTS FY2022: $156.4MVSTS FY2024: $179.1MVSTS FY2024: $392.9MVSTS FY2025: $5.8MFY19FY21FY22FY23FY24FY25
HYFM -$15.1MVSTS $5.8M

Fiscal years as each company reports them; the two may end in different months.

Questions about Hydrofarm and Vestis

Which is bigger by revenue, Hydrofarm or Vestis?

Vestis is bigger by revenue: $2.7B in fiscal 2025, against $134.3M for Hydrofarm in fiscal 2025.

Which keeps more of its revenue as profit, Hydrofarm or Vestis?

Hydrofarm had a net margin of -215.9% in fiscal 2025; Vestis had -1.5% in fiscal 2025.

Which grew revenue faster, Hydrofarm or Vestis?

In their latest fiscal years revenue changed by -29.4% at Hydrofarm and -2.5% at Vestis.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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