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Side-by-side financial comparison of Amentum Holdings, Inc. (AMTM) and Vistra Corp. (VST). Click either name above to swap in a different company.

Vistra Corp. is the larger business by last-quarter revenue ($4.8B vs $3.2B, roughly 1.5× Amentum Holdings, Inc.). Vistra Corp. runs the higher net margin — 4.8% vs 1.4%, a 3.5% gap on every dollar of revenue. On growth, Vistra Corp. posted the faster year-over-year revenue change (31.2% vs -5.2%). Vistra Corp. produced more free cash flow last quarter ($596.0M vs $-142.0M). Over the past eight quarters, Amentum Holdings, Inc.'s revenue compounded faster (25.6% CAGR vs 23.3%).

Jacobs Solutions Inc. is an American international technical professional services firm based in Dallas. The company provides engineering, technical, professional, and construction services as well as scientific and specialty consulting for a broad range of clients globally, including companies, organizations, and government agencies. Jacobs has consistently ranked No. 1 on both Engineering News-Record (ENR)'s 2018, 2019, 2020, 2021, 2022, and 2023 Top 500 Design Firms and Trenchless Technolo...

Vistra may refer to either of two companies:Vistra, a corporate services company based in Hong Kong Vistra Corp, an energy company based in Texas

AMTM vs VST — Head-to-Head

Bigger by revenue
VST
VST
1.5× larger
VST
$4.8B
$3.2B
AMTM
Growing faster (revenue YoY)
VST
VST
+36.5% gap
VST
31.2%
-5.2%
AMTM
Higher net margin
VST
VST
3.5% more per $
VST
4.8%
1.4%
AMTM
More free cash flow
VST
VST
$738.0M more FCF
VST
$596.0M
$-142.0M
AMTM
Faster 2-yr revenue CAGR
AMTM
AMTM
Annualised
AMTM
25.6%
23.3%
VST

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AMTM
AMTM
VST
VST
Revenue
$3.2B
$4.8B
Net Profit
$44.0M
$233.0M
Gross Margin
10.1%
Operating Margin
4.3%
9.9%
Net Margin
1.4%
4.8%
Revenue YoY
-5.2%
31.2%
Net Profit YoY
266.7%
-47.2%
EPS (diluted)
$0.18
$0.55

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
AMTM
AMTM
VST
VST
Q1 26
$3.2B
Q4 25
$3.9B
$4.8B
Q3 25
$4.8B
Q2 25
$3.6B
$3.8B
Q1 25
$3.5B
$4.3B
Q4 24
$3.4B
$3.7B
Q3 24
$2.2B
$4.3B
Q2 24
$2.1B
$3.6B
Net Profit
AMTM
AMTM
VST
VST
Q1 26
$44.0M
Q4 25
$40.0M
$233.0M
Q3 25
$652.0M
Q2 25
$10.0M
$327.0M
Q1 25
$4.0M
$-268.0M
Q4 24
$12.0M
$441.0M
Q3 24
$26.0M
$1.9B
Q2 24
$-26.0M
$365.0M
Gross Margin
AMTM
AMTM
VST
VST
Q1 26
10.1%
Q4 25
10.6%
Q3 25
Q2 25
10.3%
Q1 25
10.5%
Q4 24
10.6%
Q3 24
9.0%
Q2 24
9.6%
Operating Margin
AMTM
AMTM
VST
VST
Q1 26
4.3%
Q4 25
3.4%
9.9%
Q3 25
21.7%
Q2 25
2.9%
13.7%
Q1 25
3.2%
-2.8%
Q4 24
3.9%
16.4%
Q3 24
1.2%
59.6%
Q2 24
4.2%
22.5%
Net Margin
AMTM
AMTM
VST
VST
Q1 26
1.4%
Q4 25
1.0%
4.8%
Q3 25
13.6%
Q2 25
0.3%
8.7%
Q1 25
0.1%
-6.3%
Q4 24
0.4%
12.0%
Q3 24
1.2%
43.5%
Q2 24
-1.2%
10.1%
EPS (diluted)
AMTM
AMTM
VST
VST
Q1 26
$0.18
Q4 25
$0.16
$0.55
Q3 25
$1.75
Q2 25
$0.04
$0.81
Q1 25
$0.02
$-0.93
Q4 24
$0.05
$1.09
Q3 24
$0.31
$5.25
Q2 24
$-0.29
$0.90

Balance Sheet & Financial Strength

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

Metric
AMTM
AMTM
VST
VST
Cash + ST InvestmentsLiquidity on hand
$247.0M
$785.0M
Total DebtLower is stronger
$3.9B
$15.8B
Stockholders' EquityBook value
$4.6B
$5.1B
Total Assets
$11.2B
$41.5B
Debt / EquityLower = less leverage
0.86×
3.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMTM
AMTM
VST
VST
Q1 26
$247.0M
Q4 25
$437.0M
$785.0M
Q3 25
$602.0M
Q2 25
$738.0M
$458.0M
Q1 25
$546.0M
$561.0M
Q4 24
$522.0M
$1.2B
Q3 24
$452.0M
$905.0M
Q2 24
$1.6B
Total Debt
AMTM
AMTM
VST
VST
Q1 26
$3.9B
Q4 25
$3.9B
$15.8B
Q3 25
$15.8B
Q2 25
$4.5B
$15.5B
Q1 25
$4.7B
$15.4B
Q4 24
$4.7B
$15.4B
Q3 24
$4.7B
$13.9B
Q2 24
$13.9B
Stockholders' Equity
AMTM
AMTM
VST
VST
Q1 26
$4.6B
Q4 25
$4.5B
$5.1B
Q3 25
$5.2B
Q2 25
$4.5B
$4.8B
Q1 25
$4.4B
$4.8B
Q4 24
$4.5B
$5.6B
Q3 24
$4.5B
$5.4B
Q2 24
$303.0M
$5.6B
Total Assets
AMTM
AMTM
VST
VST
Q1 26
$11.2B
Q4 25
$11.5B
$41.5B
Q3 25
$38.0B
Q2 25
$11.8B
$38.1B
Q1 25
$12.0B
$38.2B
Q4 24
$11.9B
$37.8B
Q3 24
$12.0B
$37.9B
Q2 24
$39.1B
Debt / Equity
AMTM
AMTM
VST
VST
Q1 26
0.86×
Q4 25
0.88×
3.11×
Q3 25
3.02×
Q2 25
1.01×
3.22×
Q1 25
1.06×
3.20×
Q4 24
1.05×
2.77×
Q3 24
1.05×
2.56×
Q2 24
2.49×

Cash Flow & Capital Efficiency

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

Metric
AMTM
AMTM
VST
VST
Operating Cash FlowLast quarter
$-136.0M
$1.4B
Free Cash FlowOCF − Capex
$-142.0M
$596.0M
FCF MarginFCF / Revenue
-4.4%
12.4%
Capex IntensityCapex / Revenue
0.2%
17.4%
Cash ConversionOCF / Net Profit
-3.09×
6.15×
TTM Free Cash FlowTrailing 4 quarters
$272.0M
$1.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMTM
AMTM
VST
VST
Q1 26
$-136.0M
Q4 25
$270.0M
$1.4B
Q3 25
$1.5B
Q2 25
$106.0M
$572.0M
Q1 25
$57.0M
$599.0M
Q4 24
$110.0M
$1.4B
Q3 24
$1.7B
Q2 24
$1.2B
Free Cash Flow
AMTM
AMTM
VST
VST
Q1 26
$-142.0M
Q4 25
$261.0M
$596.0M
Q3 25
$1.0B
Q2 25
$100.0M
$-118.0M
Q1 25
$53.0M
$-169.0M
Q4 24
$102.0M
$923.0M
Q3 24
$1.0B
Q2 24
$698.0M
FCF Margin
AMTM
AMTM
VST
VST
Q1 26
-4.4%
Q4 25
6.6%
12.4%
Q3 25
21.1%
Q2 25
2.8%
-3.1%
Q1 25
1.5%
-4.0%
Q4 24
3.0%
25.2%
Q3 24
23.4%
Q2 24
19.4%
Capex Intensity
AMTM
AMTM
VST
VST
Q1 26
0.2%
Q4 25
0.2%
17.4%
Q3 25
9.6%
Q2 25
0.2%
18.4%
Q1 25
0.1%
18.1%
Q4 24
0.2%
11.7%
Q3 24
15.8%
Q2 24
13.8%
Cash Conversion
AMTM
AMTM
VST
VST
Q1 26
-3.09×
Q4 25
6.75×
6.15×
Q3 25
2.25×
Q2 25
10.60×
1.75×
Q1 25
14.25×
Q4 24
9.17×
3.07×
Q3 24
0.90×
Q2 24
3.28×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AMTM
AMTM

Global Engineering Solutions Segment$1.9B59%
Other U.S.Government Agencies$400.0M12%
Fixed Price Contract$380.0M12%
Commercial And International$226.0M7%
Time And Materials Contract$171.0M5%
Sales Channel Through Intermediary$78.0M2%
Equity Method Investee$50.0M2%

VST
VST

Retail Energy Charge In ERCOT$2.1B43%
Retail Energy Charge In Northeast Midwest$1.2B24%
East Segment$1.1B24%
Hedging Revenue Realized$170.0M4%
Revenue From Other Wholesale Contracts$116.0M2%
Transferable Production Tax Credit Revenues$78.0M2%
West Segment$77.0M2%
Intersegment Sales$25.0M1%

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