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Side-by-side financial comparison of GXO Logistics, Inc. (GXO) 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 $3.5B, roughly 1.4× GXO Logistics, Inc.). Vistra Corp. runs the higher net margin — 4.8% vs 1.2%, a 3.6% gap on every dollar of revenue. On growth, Vistra Corp. posted the faster year-over-year revenue change (31.2% vs 7.9%). Vistra Corp. produced more free cash flow last quarter ($596.0M vs $115.0M). Over the past eight quarters, Vistra Corp.'s revenue compounded faster (23.3% CAGR vs 19.5%).

GXO Logistics, Inc. is an American global contract logistics company that manages outsourced supply chains and warehousing, and reverse logistics for blue-chip customers in over thirty countries. GXO's corporate headquarters are located in Greenwich, Connecticut, U.S. Its customers include Apple, Nike Inc., Boeing Co., Verizon, Whirlpool, Inditex SA, and Nestle SA.

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

GXO vs VST — Head-to-Head

Bigger by revenue
VST
VST
1.4× larger
VST
$4.8B
$3.5B
GXO
Growing faster (revenue YoY)
VST
VST
+23.3% gap
VST
31.2%
7.9%
GXO
Higher net margin
VST
VST
3.6% more per $
VST
4.8%
1.2%
GXO
More free cash flow
VST
VST
$481.0M more FCF
VST
$596.0M
$115.0M
GXO
Faster 2-yr revenue CAGR
VST
VST
Annualised
VST
23.3%
19.5%
GXO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GXO
GXO
VST
VST
Revenue
$3.5B
$4.8B
Net Profit
$43.0M
$233.0M
Gross Margin
Operating Margin
2.7%
9.9%
Net Margin
1.2%
4.8%
Revenue YoY
7.9%
31.2%
Net Profit YoY
-57.0%
-47.2%
EPS (diluted)
$0.35
$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
GXO
GXO
VST
VST
Q4 25
$3.5B
$4.8B
Q3 25
$3.4B
$4.8B
Q2 25
$3.3B
$3.8B
Q1 25
$3.0B
$4.3B
Q4 24
$3.3B
$3.7B
Q3 24
$3.2B
$4.3B
Q2 24
$2.8B
$3.6B
Q1 24
$2.5B
$3.2B
Net Profit
GXO
GXO
VST
VST
Q4 25
$43.0M
$233.0M
Q3 25
$59.0M
$652.0M
Q2 25
$26.0M
$327.0M
Q1 25
$-96.0M
$-268.0M
Q4 24
$100.0M
$441.0M
Q3 24
$33.0M
$1.9B
Q2 24
$38.0M
$365.0M
Q1 24
$-37.0M
$-35.0M
Operating Margin
GXO
GXO
VST
VST
Q4 25
2.7%
9.9%
Q3 25
3.5%
21.7%
Q2 25
2.7%
13.7%
Q1 25
-1.9%
-2.8%
Q4 24
3.1%
16.4%
Q3 24
2.6%
59.6%
Q2 24
2.6%
22.5%
Q1 24
-1.6%
2.7%
Net Margin
GXO
GXO
VST
VST
Q4 25
1.2%
4.8%
Q3 25
1.7%
13.6%
Q2 25
0.8%
8.7%
Q1 25
-3.2%
-6.3%
Q4 24
3.1%
12.0%
Q3 24
1.0%
43.5%
Q2 24
1.3%
10.1%
Q1 24
-1.5%
-1.1%
EPS (diluted)
GXO
GXO
VST
VST
Q4 25
$0.35
$0.55
Q3 25
$0.51
$1.75
Q2 25
$0.23
$0.81
Q1 25
$-0.81
$-0.93
Q4 24
$0.83
$1.09
Q3 24
$0.28
$5.25
Q2 24
$0.32
$0.90
Q1 24
$-0.31
$-0.24

Balance Sheet & Financial Strength

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

Metric
GXO
GXO
VST
VST
Cash + ST InvestmentsLiquidity on hand
$854.0M
$785.0M
Total DebtLower is stronger
$2.6B
$15.8B
Stockholders' EquityBook value
$3.0B
$5.1B
Total Assets
$12.3B
$41.5B
Debt / EquityLower = less leverage
0.88×
3.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GXO
GXO
VST
VST
Q4 25
$854.0M
$785.0M
Q3 25
$339.0M
$602.0M
Q2 25
$205.0M
$458.0M
Q1 25
$288.0M
$561.0M
Q4 24
$413.0M
$1.2B
Q3 24
$548.0M
$905.0M
Q2 24
$469.0M
$1.6B
Q1 24
$423.0M
$1.1B
Total Debt
GXO
GXO
VST
VST
Q4 25
$2.6B
$15.8B
Q3 25
$2.2B
$15.8B
Q2 25
$2.6B
$15.5B
Q1 25
$2.5B
$15.4B
Q4 24
$2.5B
$15.4B
Q3 24
$2.6B
$13.9B
Q2 24
$2.6B
$13.9B
Q1 24
$1.5B
$14.7B
Stockholders' Equity
GXO
GXO
VST
VST
Q4 25
$3.0B
$5.1B
Q3 25
$3.0B
$5.2B
Q2 25
$2.9B
$4.8B
Q1 25
$2.9B
$4.8B
Q4 24
$3.0B
$5.6B
Q3 24
$3.1B
$5.4B
Q2 24
$2.9B
$5.6B
Q1 24
$2.9B
$5.7B
Total Assets
GXO
GXO
VST
VST
Q4 25
$12.3B
$41.5B
Q3 25
$11.9B
$38.0B
Q2 25
$11.9B
$38.1B
Q1 25
$11.3B
$38.2B
Q4 24
$11.3B
$37.8B
Q3 24
$11.9B
$37.9B
Q2 24
$11.4B
$39.1B
Q1 24
$9.4B
$38.2B
Debt / Equity
GXO
GXO
VST
VST
Q4 25
0.88×
3.11×
Q3 25
0.74×
3.02×
Q2 25
0.88×
3.22×
Q1 25
0.89×
3.20×
Q4 24
0.84×
2.77×
Q3 24
0.82×
2.56×
Q2 24
0.88×
2.49×
Q1 24
0.53×
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
GXO
GXO
VST
VST
Operating Cash FlowLast quarter
$170.0M
$1.4B
Free Cash FlowOCF − Capex
$115.0M
$596.0M
FCF MarginFCF / Revenue
3.3%
12.4%
Capex IntensityCapex / Revenue
1.6%
17.4%
Cash ConversionOCF / Net Profit
3.95×
6.15×
TTM Free Cash FlowTrailing 4 quarters
$110.0M
$1.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GXO
GXO
VST
VST
Q4 25
$170.0M
$1.4B
Q3 25
$232.0M
$1.5B
Q2 25
$3.0M
$572.0M
Q1 25
$29.0M
$599.0M
Q4 24
$186.0M
$1.4B
Q3 24
$198.0M
$1.7B
Q2 24
$115.0M
$1.2B
Q1 24
$50.0M
$312.0M
Free Cash Flow
GXO
GXO
VST
VST
Q4 25
$115.0M
$596.0M
Q3 25
$88.0M
$1.0B
Q2 25
$-44.0M
$-118.0M
Q1 25
$-49.0M
$-169.0M
Q4 24
$82.0M
$923.0M
Q3 24
$104.0M
$1.0B
Q2 24
$27.0M
$698.0M
Q1 24
$-23.0M
$-153.0M
FCF Margin
GXO
GXO
VST
VST
Q4 25
3.3%
12.4%
Q3 25
2.6%
21.1%
Q2 25
-1.3%
-3.1%
Q1 25
-1.6%
-4.0%
Q4 24
2.5%
25.2%
Q3 24
3.3%
23.4%
Q2 24
0.9%
19.4%
Q1 24
-0.9%
-4.8%
Capex Intensity
GXO
GXO
VST
VST
Q4 25
1.6%
17.4%
Q3 25
4.2%
9.6%
Q2 25
1.4%
18.4%
Q1 25
2.6%
18.1%
Q4 24
3.2%
11.7%
Q3 24
3.0%
15.8%
Q2 24
3.1%
13.8%
Q1 24
3.0%
14.7%
Cash Conversion
GXO
GXO
VST
VST
Q4 25
3.95×
6.15×
Q3 25
3.93×
2.25×
Q2 25
0.12×
1.75×
Q1 25
Q4 24
1.86×
3.07×
Q3 24
6.00×
0.90×
Q2 24
3.03×
3.28×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

GXO
GXO

Segment breakdown not available.

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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