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Side-by-side financial comparison of Chewy, Inc. (CHWY) 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 $3.1B, roughly 1.5× Chewy, Inc.). Vistra Corp. runs the higher net margin — 4.8% vs 1.9%, a 2.9% gap on every dollar of revenue. On growth, Vistra Corp. posted the faster year-over-year revenue change (31.2% vs 8.3%). Vistra Corp. produced more free cash flow last quarter ($596.0M vs $175.8M). Over the past eight quarters, Vistra Corp.'s revenue compounded faster (23.3% CAGR vs 4.6%).
Chewy, Inc. is an American online retailer of pet food and other pet-related products based in Plantation, Florida. Chewy went public in 2019 with the ticker symbol CHWY on the New York Stock Exchange.
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
CHWY vs VST — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.1B | $4.8B |
| Net Profit | $59.2M | $233.0M |
| Gross Margin | 29.8% | — |
| Operating Margin | 2.1% | 9.9% |
| Net Margin | 1.9% | 4.8% |
| Revenue YoY | 8.3% | 31.2% |
| Net Profit YoY | 1405.6% | -47.2% |
| EPS (diluted) | $0.14 | $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.
| Q4 25 | $3.1B | $4.8B | ||
| Q3 25 | $3.1B | $4.8B | ||
| Q2 25 | $3.1B | $3.8B | ||
| Q1 25 | $3.2B | $4.3B | ||
| Q4 24 | $2.9B | $3.7B | ||
| Q3 24 | $2.9B | $4.3B | ||
| Q2 24 | $2.9B | $3.6B | ||
| Q1 24 | $2.8B | $3.2B |
| Q4 25 | $59.2M | $233.0M | ||
| Q3 25 | $62.0M | $652.0M | ||
| Q2 25 | $62.4M | $327.0M | ||
| Q1 25 | $22.8M | $-268.0M | ||
| Q4 24 | $3.9M | $441.0M | ||
| Q3 24 | $299.1M | $1.9B | ||
| Q2 24 | $66.9M | $365.0M | ||
| Q1 24 | $34.3M | $-35.0M |
| Q4 25 | 29.8% | — | ||
| Q3 25 | 30.4% | — | ||
| Q2 25 | 29.6% | — | ||
| Q1 25 | 28.5% | — | ||
| Q4 24 | 29.3% | — | ||
| Q3 24 | 29.5% | — | ||
| Q2 24 | 29.7% | — | ||
| Q1 24 | 28.2% | — |
| Q4 25 | 2.1% | 9.9% | ||
| Q3 25 | 2.2% | 21.7% | ||
| Q2 25 | 2.5% | 13.7% | ||
| Q1 25 | -0.3% | -2.8% | ||
| Q4 24 | 0.9% | 16.4% | ||
| Q3 24 | 1.1% | 59.6% | ||
| Q2 24 | 2.2% | 22.5% | ||
| Q1 24 | -0.7% | 2.7% |
| Q4 25 | 1.9% | 4.8% | ||
| Q3 25 | 2.0% | 13.6% | ||
| Q2 25 | 2.0% | 8.7% | ||
| Q1 25 | 0.7% | -6.3% | ||
| Q4 24 | 0.1% | 12.0% | ||
| Q3 24 | 10.5% | 43.5% | ||
| Q2 24 | 2.3% | 10.1% | ||
| Q1 24 | 1.2% | -1.1% |
| Q4 25 | $0.14 | $0.55 | ||
| Q3 25 | $0.14 | $1.75 | ||
| Q2 25 | $0.15 | $0.81 | ||
| Q1 25 | $0.07 | $-0.93 | ||
| Q4 24 | $0.01 | $1.09 | ||
| Q3 24 | $0.68 | $5.25 | ||
| Q2 24 | $0.15 | $0.90 | ||
| Q1 24 | $0.08 | $-0.24 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $701.5M | $785.0M |
| Total DebtLower is stronger | — | $15.8B |
| Stockholders' EquityBook value | $469.4M | $5.1B |
| Total Assets | $3.3B | $41.5B |
| Debt / EquityLower = less leverage | — | 3.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $701.5M | $785.0M | ||
| Q3 25 | $591.8M | $602.0M | ||
| Q2 25 | $616.4M | $458.0M | ||
| Q1 25 | $596.7M | $561.0M | ||
| Q4 24 | $507.5M | $1.2B | ||
| Q3 24 | $695.0M | $905.0M | ||
| Q2 24 | $1.1B | $1.6B | ||
| Q1 24 | $1.1B | $1.1B |
| Q4 25 | — | $15.8B | ||
| Q3 25 | — | $15.8B | ||
| Q2 25 | — | $15.5B | ||
| Q1 25 | — | $15.4B | ||
| Q4 24 | — | $15.4B | ||
| Q3 24 | — | $13.9B | ||
| Q2 24 | — | $13.9B | ||
| Q1 24 | — | $14.7B |
| Q4 25 | $469.4M | $5.1B | ||
| Q3 25 | $389.9M | $5.2B | ||
| Q2 25 | $375.6M | $4.8B | ||
| Q1 25 | $261.5M | $4.8B | ||
| Q4 24 | $223.4M | $5.6B | ||
| Q3 24 | $486.7M | $5.4B | ||
| Q2 24 | $642.9M | $5.6B | ||
| Q1 24 | $510.2M | $5.7B |
| Q4 25 | $3.3B | $41.5B | ||
| Q3 25 | $3.1B | $38.0B | ||
| Q2 25 | $3.1B | $38.1B | ||
| Q1 25 | $3.0B | $38.2B | ||
| Q4 24 | $3.0B | $37.8B | ||
| Q3 24 | $3.1B | $37.9B | ||
| Q2 24 | $3.2B | $39.1B | ||
| Q1 24 | $3.2B | $38.2B |
| Q4 25 | — | 3.11× | ||
| Q3 25 | — | 3.02× | ||
| Q2 25 | — | 3.22× | ||
| Q1 25 | — | 3.20× | ||
| Q4 24 | — | 2.77× | ||
| Q3 24 | — | 2.56× | ||
| Q2 24 | — | 2.49× | ||
| Q1 24 | — | 2.60× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $207.9M | $1.4B |
| Free Cash FlowOCF − Capex | $175.8M | $596.0M |
| FCF MarginFCF / Revenue | 5.6% | 12.4% |
| Capex IntensityCapex / Revenue | 1.0% | 17.4% |
| Cash ConversionOCF / Net Profit | 3.51× | 6.15× |
| TTM Free Cash FlowTrailing 4 quarters | $487.0M | $1.3B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $207.9M | $1.4B | ||
| Q3 25 | $133.9M | $1.5B | ||
| Q2 25 | $86.4M | $572.0M | ||
| Q1 25 | $207.5M | $599.0M | ||
| Q4 24 | $183.5M | $1.4B | ||
| Q3 24 | $123.4M | $1.7B | ||
| Q2 24 | $81.9M | $1.2B | ||
| Q1 24 | $98.9M | $312.0M |
| Q4 25 | $175.8M | $596.0M | ||
| Q3 25 | $105.9M | $1.0B | ||
| Q2 25 | $48.7M | $-118.0M | ||
| Q1 25 | $156.6M | $-169.0M | ||
| Q4 24 | $151.8M | $923.0M | ||
| Q3 24 | $91.5M | $1.0B | ||
| Q2 24 | $52.6M | $698.0M | ||
| Q1 24 | $66.5M | $-153.0M |
| Q4 25 | 5.6% | 12.4% | ||
| Q3 25 | 3.4% | 21.1% | ||
| Q2 25 | 1.6% | -3.1% | ||
| Q1 25 | 4.8% | -4.0% | ||
| Q4 24 | 5.3% | 25.2% | ||
| Q3 24 | 3.2% | 23.4% | ||
| Q2 24 | 1.8% | 19.4% | ||
| Q1 24 | 2.3% | -4.8% |
| Q4 25 | 1.0% | 17.4% | ||
| Q3 25 | 0.9% | 9.6% | ||
| Q2 25 | 1.2% | 18.4% | ||
| Q1 25 | 1.6% | 18.1% | ||
| Q4 24 | 1.1% | 11.7% | ||
| Q3 24 | 1.1% | 15.8% | ||
| Q2 24 | 1.0% | 13.8% | ||
| Q1 24 | 1.1% | 14.7% |
| Q4 25 | 3.51× | 6.15× | ||
| Q3 25 | 2.16× | 2.25× | ||
| Q2 25 | 1.38× | 1.75× | ||
| Q1 25 | 9.10× | — | ||
| Q4 24 | 46.66× | 3.07× | ||
| Q3 24 | 0.41× | 0.90× | ||
| Q2 24 | 1.22× | 3.28× | ||
| Q1 24 | 2.89× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CHWY
Segment breakdown not available.
VST
| Retail Energy Charge In ERCOT | $2.1B | 43% |
| Retail Energy Charge In Northeast Midwest | $1.2B | 24% |
| East Segment | $1.1B | 24% |
| Hedging Revenue Realized | $170.0M | 4% |
| Revenue From Other Wholesale Contracts | $116.0M | 2% |
| Transferable Production Tax Credit Revenues | $78.0M | 2% |
| West Segment | $77.0M | 2% |
| Intersegment Sales | $25.0M | 1% |
