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Side-by-side financial comparison of Fox Corporation (Class A) (FOXA) and Vistra Corp. (VST). Click either name above to swap in a different company.

Fox Corporation (Class A) is the larger business by last-quarter revenue ($5.2B vs $4.8B, roughly 1.1× Vistra Corp.). Vistra Corp. runs the higher net margin — 4.8% vs 4.8%, a 0.1% gap on every dollar of revenue. On growth, Vistra Corp. posted the faster year-over-year revenue change (31.2% vs 2.0%). Vistra Corp. produced more free cash flow last quarter ($596.0M vs $-791.0M). Over the past eight quarters, Vistra Corp.'s revenue compounded faster (23.3% CAGR vs 22.6%).

Fox Corporation, commonly known as Fox Corp or Fox, is an American multinational mass media company headquartered at 1211 Avenue of the Americas in Midtown Manhattan with offices also in Burbank, California. Named after William Fox and incorporated in Delaware, it was formed as a spin-off of 21st Century Fox's television broadcasting, news, and sports assets on March 19, 2019. 21CF went defunct the next day. The company is controlled by Lachlan Murdoch through a family trust with 36% voting s...

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

FOXA vs VST — Head-to-Head

Bigger by revenue
FOXA
FOXA
1.1× larger
FOXA
$5.2B
$4.8B
VST
Growing faster (revenue YoY)
VST
VST
+29.2% gap
VST
31.2%
2.0%
FOXA
Higher net margin
VST
VST
0.1% more per $
VST
4.8%
4.8%
FOXA
More free cash flow
VST
VST
$1.4B more FCF
VST
$596.0M
$-791.0M
FOXA
Faster 2-yr revenue CAGR
VST
VST
Annualised
VST
23.3%
22.6%
FOXA

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
FOXA
FOXA
VST
VST
Revenue
$5.2B
$4.8B
Net Profit
$247.0M
$233.0M
Gross Margin
Operating Margin
6.2%
9.9%
Net Margin
4.8%
4.8%
Revenue YoY
2.0%
31.2%
Net Profit YoY
-36.3%
-47.2%
EPS (diluted)
$0.52
$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
FOXA
FOXA
VST
VST
Q4 25
$5.2B
$4.8B
Q3 25
$3.7B
$4.8B
Q2 25
$3.3B
$3.8B
Q1 25
$4.4B
$4.3B
Q4 24
$5.1B
$3.7B
Q3 24
$3.6B
$4.3B
Q2 24
$3.1B
$3.6B
Q1 24
$3.4B
$3.2B
Net Profit
FOXA
FOXA
VST
VST
Q4 25
$247.0M
$233.0M
Q3 25
$609.0M
$652.0M
Q2 25
$719.0M
$327.0M
Q1 25
$354.0M
$-268.0M
Q4 24
$388.0M
$441.0M
Q3 24
$832.0M
$1.9B
Q2 24
$320.0M
$365.0M
Q1 24
$704.0M
$-35.0M
Operating Margin
FOXA
FOXA
VST
VST
Q4 25
6.2%
9.9%
Q3 25
21.4%
21.7%
Q2 25
29.2%
13.7%
Q1 25
10.8%
-2.8%
Q4 24
10.1%
16.4%
Q3 24
31.2%
59.6%
Q2 24
14.6%
22.5%
Q1 24
27.9%
2.7%
Net Margin
FOXA
FOXA
VST
VST
Q4 25
4.8%
4.8%
Q3 25
16.3%
13.6%
Q2 25
21.9%
8.7%
Q1 25
8.1%
-6.3%
Q4 24
7.6%
12.0%
Q3 24
23.3%
43.5%
Q2 24
10.3%
10.1%
Q1 24
20.4%
-1.1%
EPS (diluted)
FOXA
FOXA
VST
VST
Q4 25
$0.52
$0.55
Q3 25
$1.32
$1.75
Q2 25
$1.57
$0.81
Q1 25
$0.75
$-0.93
Q4 24
$0.81
$1.09
Q3 24
$1.78
$5.25
Q2 24
$0.68
$0.90
Q1 24
$1.40
$-0.24

Balance Sheet & Financial Strength

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

Metric
FOXA
FOXA
VST
VST
Cash + ST InvestmentsLiquidity on hand
$785.0M
Total DebtLower is stronger
$15.8B
Stockholders' EquityBook value
$10.9B
$5.1B
Total Assets
$21.5B
$41.5B
Debt / EquityLower = less leverage
3.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FOXA
FOXA
VST
VST
Q4 25
$785.0M
Q3 25
$602.0M
Q2 25
$458.0M
Q1 25
$561.0M
Q4 24
$1.2B
Q3 24
$905.0M
Q2 24
$1.6B
Q1 24
$1.1B
Total Debt
FOXA
FOXA
VST
VST
Q4 25
$15.8B
Q3 25
$6.6B
$15.8B
Q2 25
$6.6B
$15.5B
Q1 25
$7.2B
$15.4B
Q4 24
$7.2B
$15.4B
Q3 24
$7.2B
$13.9B
Q2 24
$7.2B
$13.9B
Q1 24
$7.2B
$14.7B
Stockholders' Equity
FOXA
FOXA
VST
VST
Q4 25
$10.9B
$5.1B
Q3 25
$12.2B
$5.2B
Q2 25
$12.0B
$4.8B
Q1 25
$11.5B
$4.8B
Q4 24
$11.5B
$5.6B
Q3 24
$11.3B
$5.4B
Q2 24
$10.7B
$5.6B
Q1 24
$10.6B
$5.7B
Total Assets
FOXA
FOXA
VST
VST
Q4 25
$21.5B
$41.5B
Q3 25
$22.8B
$38.0B
Q2 25
$23.2B
$38.1B
Q1 25
$23.4B
$38.2B
Q4 24
$23.0B
$37.8B
Q3 24
$22.5B
$37.9B
Q2 24
$22.0B
$39.1B
Q1 24
$21.7B
$38.2B
Debt / Equity
FOXA
FOXA
VST
VST
Q4 25
3.11×
Q3 25
0.54×
3.02×
Q2 25
0.55×
3.22×
Q1 25
0.62×
3.20×
Q4 24
0.63×
2.77×
Q3 24
0.64×
2.56×
Q2 24
0.67×
2.49×
Q1 24
0.68×
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
FOXA
FOXA
VST
VST
Operating Cash FlowLast quarter
$-669.0M
$1.4B
Free Cash FlowOCF − Capex
$-791.0M
$596.0M
FCF MarginFCF / Revenue
-15.3%
12.4%
Capex IntensityCapex / Revenue
2.4%
17.4%
Cash ConversionOCF / Net Profit
-2.71×
6.15×
TTM Free Cash FlowTrailing 4 quarters
$2.3B
$1.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FOXA
FOXA
VST
VST
Q4 25
$-669.0M
$1.4B
Q3 25
$-130.0M
$1.5B
Q2 25
$1.5B
$572.0M
Q1 25
$2.0B
$599.0M
Q4 24
$-362.0M
$1.4B
Q3 24
$158.0M
$1.7B
Q2 24
$899.0M
$1.2B
Q1 24
$1.5B
$312.0M
Free Cash Flow
FOXA
FOXA
VST
VST
Q4 25
$-791.0M
$596.0M
Q3 25
$-234.0M
$1.0B
Q2 25
$1.4B
$-118.0M
Q1 25
$1.9B
$-169.0M
Q4 24
$-436.0M
$923.0M
Q3 24
$94.0M
$1.0B
Q2 24
$787.0M
$698.0M
Q1 24
$1.4B
$-153.0M
FCF Margin
FOXA
FOXA
VST
VST
Q4 25
-15.3%
12.4%
Q3 25
-6.3%
21.1%
Q2 25
42.4%
-3.1%
Q1 25
44.4%
-4.0%
Q4 24
-8.6%
25.2%
Q3 24
2.6%
23.4%
Q2 24
25.5%
19.4%
Q1 24
40.4%
-4.8%
Capex Intensity
FOXA
FOXA
VST
VST
Q4 25
2.4%
17.4%
Q3 25
2.8%
9.6%
Q2 25
3.6%
18.4%
Q1 25
1.7%
18.1%
Q4 24
1.5%
11.7%
Q3 24
1.8%
15.8%
Q2 24
3.6%
13.8%
Q1 24
2.4%
14.7%
Cash Conversion
FOXA
FOXA
VST
VST
Q4 25
-2.71×
6.15×
Q3 25
-0.21×
2.25×
Q2 25
2.10×
1.75×
Q1 25
5.69×
Q4 24
-0.93×
3.07×
Q3 24
0.19×
0.90×
Q2 24
2.81×
3.28×
Q1 24
2.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FOXA
FOXA

Television Segment$2.9B57%
Distribution$1.2B22%
Other$621.0M12%
Advertising$491.0M9%

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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