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Side-by-side financial comparison of Fidelity National Information Services (FIS) 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 $2.8B, roughly 1.7× Fidelity National Information Services). Fidelity National Information Services runs the higher net margin — 18.2% vs 4.8%, a 13.3% gap on every dollar of revenue. On growth, Vistra Corp. posted the faster year-over-year revenue change (31.2% vs 8.1%). Fidelity National Information Services produced more free cash flow last quarter ($739.0M vs $596.0M). Over the past eight quarters, Vistra Corp.'s revenue compounded faster (23.3% CAGR vs 6.8%).
Fidelity National Information Services, Inc. (FIS) is an American multinational corporation which offers a wide range of financial products and services. FIS is most known for its development of Financial Technology, or FinTech. Annually, FIS facilitates the movement of roughly US$9 trillion through the processing of approximately 75 billion transactions in service to more than 20,000 clients around the globe.
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
FIS vs VST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.8B | $4.8B |
| Net Profit | $511.0M | $233.0M |
| Gross Margin | 38.3% | — |
| Operating Margin | 18.8% | 9.9% |
| Net Margin | 18.2% | 4.8% |
| Revenue YoY | 8.1% | 31.2% |
| Net Profit YoY | 97.3% | -47.2% |
| EPS (diluted) | $0.98 | $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 | $2.8B | $4.8B | ||
| Q3 25 | $2.7B | $4.8B | ||
| Q2 25 | $2.6B | $3.8B | ||
| Q1 25 | $2.5B | $4.3B | ||
| Q4 24 | $2.6B | $3.7B | ||
| Q3 24 | $2.6B | $4.3B | ||
| Q2 24 | $2.5B | $3.6B | ||
| Q1 24 | $2.5B | $3.2B |
| Q4 25 | $511.0M | $233.0M | ||
| Q3 25 | $264.0M | $652.0M | ||
| Q2 25 | $-470.0M | $327.0M | ||
| Q1 25 | $77.0M | $-268.0M | ||
| Q4 24 | $259.0M | $441.0M | ||
| Q3 24 | $224.0M | $1.9B | ||
| Q2 24 | $243.0M | $365.0M | ||
| Q1 24 | $724.0M | $-35.0M |
| Q4 25 | 38.3% | — | ||
| Q3 25 | 37.8% | — | ||
| Q2 25 | 36.4% | — | ||
| Q1 25 | 34.7% | — | ||
| Q4 24 | 36.9% | — | ||
| Q3 24 | 38.0% | — | ||
| Q2 24 | 38.2% | — | ||
| Q1 24 | 37.1% | — |
| Q4 25 | 18.8% | 9.9% | ||
| Q3 25 | 16.8% | 21.7% | ||
| Q2 25 | 15.6% | 13.7% | ||
| Q1 25 | 13.7% | -2.8% | ||
| Q4 24 | 18.5% | 16.4% | ||
| Q3 24 | 19.1% | 59.6% | ||
| Q2 24 | 15.2% | 22.5% | ||
| Q1 24 | 14.6% | 2.7% |
| Q4 25 | 18.2% | 4.8% | ||
| Q3 25 | 9.7% | 13.6% | ||
| Q2 25 | -18.0% | 8.7% | ||
| Q1 25 | 3.0% | -6.3% | ||
| Q4 24 | 10.0% | 12.0% | ||
| Q3 24 | 8.7% | 43.5% | ||
| Q2 24 | 9.8% | 10.1% | ||
| Q1 24 | 29.3% | -1.1% |
| Q4 25 | $0.98 | $0.55 | ||
| Q3 25 | $0.50 | $1.75 | ||
| Q2 25 | $-0.90 | $0.81 | ||
| Q1 25 | $0.15 | $-0.93 | ||
| Q4 24 | $0.51 | $1.09 | ||
| Q3 24 | $0.41 | $5.25 | ||
| Q2 24 | $0.44 | $0.90 | ||
| Q1 24 | $1.25 | $-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 | $599.0M | $785.0M |
| Total DebtLower is stronger | $9.1B | $15.8B |
| Stockholders' EquityBook value | $13.9B | $5.1B |
| Total Assets | $33.5B | $41.5B |
| Debt / EquityLower = less leverage | 0.65× | 3.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $599.0M | $785.0M | ||
| Q3 25 | $571.0M | $602.0M | ||
| Q2 25 | $581.0M | $458.0M | ||
| Q1 25 | $805.0M | $561.0M | ||
| Q4 24 | $834.0M | $1.2B | ||
| Q3 24 | $1.3B | $905.0M | ||
| Q2 24 | $2.1B | $1.6B | ||
| Q1 24 | $3.3B | $1.1B |
| Q4 25 | $9.1B | $15.8B | ||
| Q3 25 | $8.9B | $15.8B | ||
| Q2 25 | $8.9B | $15.5B | ||
| Q1 25 | $8.7B | $15.4B | ||
| Q4 24 | $9.7B | $15.4B | ||
| Q3 24 | $10.5B | $13.9B | ||
| Q2 24 | $10.6B | $13.9B | ||
| Q1 24 | $10.6B | $14.7B |
| Q4 25 | $13.9B | $5.1B | ||
| Q3 25 | $13.9B | $5.2B | ||
| Q2 25 | $14.2B | $4.8B | ||
| Q1 25 | $15.1B | $4.8B | ||
| Q4 24 | $15.7B | $5.6B | ||
| Q3 24 | $16.6B | $5.4B | ||
| Q2 24 | $17.0B | $5.6B | ||
| Q1 24 | $18.0B | $5.7B |
| Q4 25 | $33.5B | $41.5B | ||
| Q3 25 | $33.0B | $38.0B | ||
| Q2 25 | $33.4B | $38.1B | ||
| Q1 25 | $32.8B | $38.2B | ||
| Q4 24 | $33.8B | $37.8B | ||
| Q3 24 | $34.3B | $37.9B | ||
| Q2 24 | $34.6B | $39.1B | ||
| Q1 24 | $35.9B | $38.2B |
| Q4 25 | 0.65× | 3.11× | ||
| Q3 25 | 0.64× | 3.02× | ||
| Q2 25 | 0.63× | 3.22× | ||
| Q1 25 | 0.57× | 3.20× | ||
| Q4 24 | 0.62× | 2.77× | ||
| Q3 24 | 0.63× | 2.56× | ||
| Q2 24 | 0.62× | 2.49× | ||
| Q1 24 | 0.59× | 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 | $758.0M | $1.4B |
| Free Cash FlowOCF − Capex | $739.0M | $596.0M |
| FCF MarginFCF / Revenue | 26.3% | 12.4% |
| Capex IntensityCapex / Revenue | 0.7% | 17.4% |
| Cash ConversionOCF / Net Profit | 1.48× | 6.15× |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | $1.3B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $758.0M | $1.4B | ||
| Q3 25 | $1.0B | $1.5B | ||
| Q2 25 | $382.0M | $572.0M | ||
| Q1 25 | $457.0M | $599.0M | ||
| Q4 24 | $782.0M | $1.4B | ||
| Q3 24 | $641.0M | $1.7B | ||
| Q2 24 | $546.0M | $1.2B | ||
| Q1 24 | $206.0M | $312.0M |
| Q4 25 | $739.0M | $596.0M | ||
| Q3 25 | $952.0M | $1.0B | ||
| Q2 25 | $343.0M | $-118.0M | ||
| Q1 25 | $420.0M | $-169.0M | ||
| Q4 24 | $764.0M | $923.0M | ||
| Q3 24 | $605.0M | $1.0B | ||
| Q2 24 | $530.0M | $698.0M | ||
| Q1 24 | $179.0M | $-153.0M |
| Q4 25 | 26.3% | 12.4% | ||
| Q3 25 | 35.0% | 21.1% | ||
| Q2 25 | 13.1% | -3.1% | ||
| Q1 25 | 16.6% | -4.0% | ||
| Q4 24 | 29.4% | 25.2% | ||
| Q3 24 | 23.5% | 23.4% | ||
| Q2 24 | 21.3% | 19.4% | ||
| Q1 24 | 7.3% | -4.8% |
| Q4 25 | 0.7% | 17.4% | ||
| Q3 25 | 2.2% | 9.6% | ||
| Q2 25 | 1.5% | 18.4% | ||
| Q1 25 | 1.5% | 18.1% | ||
| Q4 24 | 0.7% | 11.7% | ||
| Q3 24 | 1.4% | 15.8% | ||
| Q2 24 | 0.6% | 13.8% | ||
| Q1 24 | 1.1% | 14.7% |
| Q4 25 | 1.48× | 6.15× | ||
| Q3 25 | 3.83× | 2.25× | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | 5.94× | — | ||
| Q4 24 | 3.02× | 3.07× | ||
| Q3 24 | 2.86× | 0.90× | ||
| Q2 24 | 2.25× | 3.28× | ||
| Q1 24 | 0.28× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FIS
| Banking Solutions | $1.6B | 57% |
| Other | $701.0M | 25% |
| Capital Market Solutions | $508.0M | 18% |
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% |
