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Side-by-side financial comparison of Jabil (JBL) and Vistra Corp. (VST). Click either name above to swap in a different company.

Jabil is the larger business by last-quarter revenue ($8.3B vs $4.8B, roughly 1.7× Vistra Corp.). Vistra Corp. runs the higher net margin — 4.8% vs 1.8%, a 3.1% gap on every dollar of revenue. On growth, Vistra Corp. posted the faster year-over-year revenue change (31.2% vs 18.7%). Vistra Corp. produced more free cash flow last quarter ($596.0M vs $228.0M). Over the past eight quarters, Vistra Corp.'s revenue compounded faster (23.3% CAGR vs 10.8%).

Jabil Inc. is an American multinational manufacturing company involved in the design, engineering, and manufacturing of electronic circuit board assemblies and systems, along with supply chain services, primarily serving original equipment manufacturers. It is headquartered in the Gateway area of St. Petersburg, Florida. It is one of the largest companies in the Tampa Bay area.

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

JBL vs VST — Head-to-Head

Bigger by revenue
JBL
JBL
1.7× larger
JBL
$8.3B
$4.8B
VST
Growing faster (revenue YoY)
VST
VST
+12.5% gap
VST
31.2%
18.7%
JBL
Higher net margin
VST
VST
3.1% more per $
VST
4.8%
1.8%
JBL
More free cash flow
VST
VST
$368.0M more FCF
VST
$596.0M
$228.0M
JBL
Faster 2-yr revenue CAGR
VST
VST
Annualised
VST
23.3%
10.8%
JBL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
JBL
JBL
VST
VST
Revenue
$8.3B
$4.8B
Net Profit
$146.0M
$233.0M
Gross Margin
8.9%
Operating Margin
3.4%
9.9%
Net Margin
1.8%
4.8%
Revenue YoY
18.7%
31.2%
Net Profit YoY
46.0%
-47.2%
EPS (diluted)
$1.35
$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
JBL
JBL
VST
VST
Q4 25
$8.3B
$4.8B
Q3 25
$8.3B
$4.8B
Q2 25
$7.8B
$3.8B
Q1 25
$6.7B
$4.3B
Q4 24
$7.0B
$3.7B
Q3 24
$7.0B
$4.3B
Q2 24
$6.8B
$3.6B
Q1 24
$6.8B
$3.2B
Net Profit
JBL
JBL
VST
VST
Q4 25
$146.0M
$233.0M
Q3 25
$218.0M
$652.0M
Q2 25
$222.0M
$327.0M
Q1 25
$117.0M
$-268.0M
Q4 24
$100.0M
$441.0M
Q3 24
$138.0M
$1.9B
Q2 24
$129.0M
$365.0M
Q1 24
$927.0M
$-35.0M
Gross Margin
JBL
JBL
VST
VST
Q4 25
8.9%
Q3 25
9.5%
Q2 25
8.7%
Q1 25
8.6%
Q4 24
8.7%
Q3 24
9.5%
Q2 24
9.0%
Q1 24
9.3%
Operating Margin
JBL
JBL
VST
VST
Q4 25
3.4%
9.9%
Q3 25
4.1%
21.7%
Q2 25
5.1%
13.7%
Q1 25
3.6%
-2.8%
Q4 24
2.8%
16.4%
Q3 24
4.6%
59.6%
Q2 24
3.9%
22.5%
Q1 24
16.7%
2.7%
Net Margin
JBL
JBL
VST
VST
Q4 25
1.8%
4.8%
Q3 25
2.6%
13.6%
Q2 25
2.8%
8.7%
Q1 25
1.7%
-6.3%
Q4 24
1.4%
12.0%
Q3 24
2.0%
43.5%
Q2 24
1.9%
10.1%
Q1 24
13.7%
-1.1%
EPS (diluted)
JBL
JBL
VST
VST
Q4 25
$1.35
$0.55
Q3 25
$1.95
$1.75
Q2 25
$2.03
$0.81
Q1 25
$1.06
$-0.93
Q4 24
$0.88
$1.09
Q3 24
$1.33
$5.25
Q2 24
$1.06
$0.90
Q1 24
$7.31
$-0.24

Balance Sheet & Financial Strength

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

Metric
JBL
JBL
VST
VST
Cash + ST InvestmentsLiquidity on hand
$1.6B
$785.0M
Total DebtLower is stronger
$2.9B
$15.8B
Stockholders' EquityBook value
$1.3B
$5.1B
Total Assets
$19.3B
$41.5B
Debt / EquityLower = less leverage
2.15×
3.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JBL
JBL
VST
VST
Q4 25
$1.6B
$785.0M
Q3 25
$1.9B
$602.0M
Q2 25
$1.5B
$458.0M
Q1 25
$1.6B
$561.0M
Q4 24
$2.1B
$1.2B
Q3 24
$2.2B
$905.0M
Q2 24
$2.5B
$1.6B
Q1 24
$2.6B
$1.1B
Total Debt
JBL
JBL
VST
VST
Q4 25
$2.9B
$15.8B
Q3 25
$2.9B
$15.8B
Q2 25
$2.9B
$15.5B
Q1 25
$2.9B
$15.4B
Q4 24
$2.9B
$15.4B
Q3 24
$2.9B
$13.9B
Q2 24
$2.9B
$13.9B
Q1 24
$2.9B
$14.7B
Stockholders' Equity
JBL
JBL
VST
VST
Q4 25
$1.3B
$5.1B
Q3 25
$1.5B
$5.2B
Q2 25
$1.3B
$4.8B
Q1 25
$1.4B
$4.8B
Q4 24
$1.6B
$5.6B
Q3 24
$1.7B
$5.4B
Q2 24
$2.3B
$5.6B
Q1 24
$2.7B
$5.7B
Total Assets
JBL
JBL
VST
VST
Q4 25
$19.3B
$41.5B
Q3 25
$18.5B
$38.0B
Q2 25
$18.6B
$38.1B
Q1 25
$17.4B
$38.2B
Q4 24
$17.8B
$37.8B
Q3 24
$17.4B
$37.9B
Q2 24
$17.4B
$39.1B
Q1 24
$17.1B
$38.2B
Debt / Equity
JBL
JBL
VST
VST
Q4 25
2.15×
3.11×
Q3 25
1.91×
3.02×
Q2 25
2.24×
3.22×
Q1 25
2.12×
3.20×
Q4 24
1.81×
2.77×
Q3 24
1.66×
2.56×
Q2 24
1.26×
2.49×
Q1 24
1.08×
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
JBL
JBL
VST
VST
Operating Cash FlowLast quarter
$323.0M
$1.4B
Free Cash FlowOCF − Capex
$228.0M
$596.0M
FCF MarginFCF / Revenue
2.7%
12.4%
Capex IntensityCapex / Revenue
1.1%
17.4%
Cash ConversionOCF / Net Profit
2.21×
6.15×
TTM Free Cash FlowTrailing 4 quarters
$1.2B
$1.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JBL
JBL
VST
VST
Q4 25
$323.0M
$1.4B
Q3 25
$588.0M
$1.5B
Q2 25
$406.0M
$572.0M
Q1 25
$334.0M
$599.0M
Q4 24
$312.0M
$1.4B
Q3 24
$535.0M
$1.7B
Q2 24
$515.0M
$1.2B
Q1 24
$218.0M
$312.0M
Free Cash Flow
JBL
JBL
VST
VST
Q4 25
$228.0M
$596.0M
Q3 25
$419.0M
$1.0B
Q2 25
$320.0M
$-118.0M
Q1 25
$218.0M
$-169.0M
Q4 24
$215.0M
$923.0M
Q3 24
$411.0M
$1.0B
Q2 24
$409.0M
$698.0M
Q1 24
$-48.0M
$-153.0M
FCF Margin
JBL
JBL
VST
VST
Q4 25
2.7%
12.4%
Q3 25
5.1%
21.1%
Q2 25
4.1%
-3.1%
Q1 25
3.2%
-4.0%
Q4 24
3.1%
25.2%
Q3 24
5.9%
23.4%
Q2 24
6.0%
19.4%
Q1 24
-0.7%
-4.8%
Capex Intensity
JBL
JBL
VST
VST
Q4 25
1.1%
17.4%
Q3 25
2.0%
9.6%
Q2 25
1.1%
18.4%
Q1 25
1.7%
18.1%
Q4 24
1.4%
11.7%
Q3 24
1.8%
15.8%
Q2 24
1.6%
13.8%
Q1 24
3.9%
14.7%
Cash Conversion
JBL
JBL
VST
VST
Q4 25
2.21×
6.15×
Q3 25
2.70×
2.25×
Q2 25
1.83×
1.75×
Q1 25
2.85×
Q4 24
3.12×
3.07×
Q3 24
3.88×
0.90×
Q2 24
3.99×
3.28×
Q1 24
0.24×

Financial Flow Comparison

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

Revenue Breakdown by Segment

JBL
JBL

Intelligent Infrastructure$4.0B49%
Transferred Over Time$2.9B35%
Connected Living And Digital Commerce$1.2B15%
Transferred At Point In Time$127.0M2%

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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