vs

Side-by-side financial comparison of LKQ Corporation (LKQ) 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 $3.0B, roughly 1.6× LKQ Corporation). Vistra Corp. runs the higher net margin — 4.8% vs 2.2%, a 2.7% gap on every dollar of revenue. On growth, Vistra Corp. posted the faster year-over-year revenue change (31.2% vs -9.2%). Vistra Corp. produced more free cash flow last quarter ($596.0M vs $274.0M). Over the past eight quarters, Vistra Corp.'s revenue compounded faster (23.3% CAGR vs -9.3%).

LKQ Corporation is an American provider of alternative and speciality parts to repair and accessorize automobiles and other vehicles. LKQ has operations in North America, Europe and Taiwan. LKQ sells replacement systems, components, equipment and parts to repair and accessorize automobiles, trucks, and recreational and performance vehicles.

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

LKQ vs VST — Head-to-Head

Bigger by revenue
VST
VST
1.6× larger
VST
$4.8B
$3.0B
LKQ
Growing faster (revenue YoY)
VST
VST
+40.4% gap
VST
31.2%
-9.2%
LKQ
Higher net margin
VST
VST
2.7% more per $
VST
4.8%
2.2%
LKQ
More free cash flow
VST
VST
$322.0M more FCF
VST
$596.0M
$274.0M
LKQ
Faster 2-yr revenue CAGR
VST
VST
Annualised
VST
23.3%
-9.3%
LKQ

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LKQ
LKQ
VST
VST
Revenue
$3.0B
$4.8B
Net Profit
$66.0M
$233.0M
Gross Margin
37.2%
Operating Margin
3.9%
9.9%
Net Margin
2.2%
4.8%
Revenue YoY
-9.2%
31.2%
Net Profit YoY
-58.0%
-47.2%
EPS (diluted)
$0.25
$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
LKQ
LKQ
VST
VST
Q4 25
$3.0B
$4.8B
Q3 25
$3.5B
$4.8B
Q2 25
$3.6B
$3.8B
Q1 25
$3.5B
$4.3B
Q4 24
$3.4B
$3.7B
Q3 24
$3.6B
$4.3B
Q2 24
$3.7B
$3.6B
Q1 24
$3.7B
$3.2B
Net Profit
LKQ
LKQ
VST
VST
Q4 25
$66.0M
$233.0M
Q3 25
$180.0M
$652.0M
Q2 25
$193.0M
$327.0M
Q1 25
$169.0M
$-268.0M
Q4 24
$157.0M
$441.0M
Q3 24
$192.0M
$1.9B
Q2 24
$186.0M
$365.0M
Q1 24
$158.0M
$-35.0M
Gross Margin
LKQ
LKQ
VST
VST
Q4 25
37.2%
Q3 25
38.3%
Q2 25
38.8%
Q1 25
39.8%
Q4 24
39.5%
Q3 24
38.9%
Q2 24
38.8%
Q1 24
39.2%
Operating Margin
LKQ
LKQ
VST
VST
Q4 25
3.9%
9.9%
Q3 25
7.8%
21.7%
Q2 25
8.6%
13.7%
Q1 25
8.3%
-2.8%
Q4 24
8.1%
16.4%
Q3 24
8.6%
59.6%
Q2 24
8.9%
22.5%
Q1 24
7.8%
2.7%
Net Margin
LKQ
LKQ
VST
VST
Q4 25
2.2%
4.8%
Q3 25
5.1%
13.6%
Q2 25
5.3%
8.7%
Q1 25
4.9%
-6.3%
Q4 24
4.7%
12.0%
Q3 24
5.4%
43.5%
Q2 24
5.0%
10.1%
Q1 24
4.3%
-1.1%
EPS (diluted)
LKQ
LKQ
VST
VST
Q4 25
$0.25
$0.55
Q3 25
$0.70
$1.75
Q2 25
$0.75
$0.81
Q1 25
$0.65
$-0.93
Q4 24
$0.60
$1.09
Q3 24
$0.73
$5.25
Q2 24
$0.70
$0.90
Q1 24
$0.59
$-0.24

Balance Sheet & Financial Strength

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

Metric
LKQ
LKQ
VST
VST
Cash + ST InvestmentsLiquidity on hand
$319.0M
$785.0M
Total DebtLower is stronger
$15.8B
Stockholders' EquityBook value
$6.5B
$5.1B
Total Assets
$15.1B
$41.5B
Debt / EquityLower = less leverage
3.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LKQ
LKQ
VST
VST
Q4 25
$319.0M
$785.0M
Q3 25
$289.0M
$602.0M
Q2 25
$289.0M
$458.0M
Q1 25
$227.0M
$561.0M
Q4 24
$234.0M
$1.2B
Q3 24
$353.0M
$905.0M
Q2 24
$276.0M
$1.6B
Q1 24
$344.0M
$1.1B
Total Debt
LKQ
LKQ
VST
VST
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
Stockholders' Equity
LKQ
LKQ
VST
VST
Q4 25
$6.5B
$5.1B
Q3 25
$6.6B
$5.2B
Q2 25
$6.5B
$4.8B
Q1 25
$6.2B
$4.8B
Q4 24
$6.0B
$5.6B
Q3 24
$6.2B
$5.4B
Q2 24
$6.1B
$5.6B
Q1 24
$6.2B
$5.7B
Total Assets
LKQ
LKQ
VST
VST
Q4 25
$15.1B
$41.5B
Q3 25
$15.6B
$38.0B
Q2 25
$15.9B
$38.1B
Q1 25
$15.5B
$38.2B
Q4 24
$15.0B
$37.8B
Q3 24
$15.5B
$37.9B
Q2 24
$15.2B
$39.1B
Q1 24
$15.3B
$38.2B
Debt / Equity
LKQ
LKQ
VST
VST
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
LKQ
LKQ
VST
VST
Operating Cash FlowLast quarter
$330.0M
$1.4B
Free Cash FlowOCF − Capex
$274.0M
$596.0M
FCF MarginFCF / Revenue
9.0%
12.4%
Capex IntensityCapex / Revenue
1.8%
17.4%
Cash ConversionOCF / Net Profit
5.00×
6.15×
TTM Free Cash FlowTrailing 4 quarters
$847.0M
$1.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LKQ
LKQ
VST
VST
Q4 25
$330.0M
$1.4B
Q3 25
$440.0M
$1.5B
Q2 25
$296.0M
$572.0M
Q1 25
$-3.0M
$599.0M
Q4 24
$235.0M
$1.4B
Q3 24
$420.0M
$1.7B
Q2 24
$213.0M
$1.2B
Q1 24
$253.0M
$312.0M
Free Cash Flow
LKQ
LKQ
VST
VST
Q4 25
$274.0M
$596.0M
Q3 25
$387.0M
$1.0B
Q2 25
$243.0M
$-118.0M
Q1 25
$-57.0M
$-169.0M
Q4 24
$149.0M
$923.0M
Q3 24
$341.0M
$1.0B
Q2 24
$133.0M
$698.0M
Q1 24
$187.0M
$-153.0M
FCF Margin
LKQ
LKQ
VST
VST
Q4 25
9.0%
12.4%
Q3 25
11.1%
21.1%
Q2 25
6.7%
-3.1%
Q1 25
-1.6%
-4.0%
Q4 24
4.4%
25.2%
Q3 24
9.5%
23.4%
Q2 24
3.6%
19.4%
Q1 24
5.0%
-4.8%
Capex Intensity
LKQ
LKQ
VST
VST
Q4 25
1.8%
17.4%
Q3 25
1.5%
9.6%
Q2 25
1.5%
18.4%
Q1 25
1.6%
18.1%
Q4 24
2.6%
11.7%
Q3 24
2.2%
15.8%
Q2 24
2.2%
13.8%
Q1 24
1.8%
14.7%
Cash Conversion
LKQ
LKQ
VST
VST
Q4 25
5.00×
6.15×
Q3 25
2.44×
2.25×
Q2 25
1.53×
1.75×
Q1 25
-0.02×
Q4 24
1.50×
3.07×
Q3 24
2.19×
0.90×
Q2 24
1.15×
3.28×
Q1 24
1.60×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LKQ
LKQ

Partsand Services Domain$1.3B42%
Other$1.2B40%
DE$463.0M15%
Other Revenue$85.0M3%

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%

Related Comparisons