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Side-by-side financial comparison of PBF Energy Inc. (PBF) and Vistra Corp. (VST). Click either name above to swap in a different company.
PBF Energy Inc. is the larger business by last-quarter revenue ($7.9B vs $4.8B, roughly 1.6× Vistra Corp.). Vistra Corp. runs the higher net margin — 4.8% vs 2.5%, a 2.3% gap on every dollar of revenue. On growth, Vistra Corp. posted the faster year-over-year revenue change (31.2% vs 11.9%). Over the past eight quarters, Vistra Corp.'s revenue compounded faster (23.3% CAGR vs -4.9%).
PBF Energy Inc. is a petroleum refining and logistics company that produces and sells transportation fuels, heating oils, lubricants, petrochemical feedstocks, and other petroleum products. The company owns and operated 6 refineries throughout the United States, located in Chalmette, Louisiana; Toledo, Ohio; Paulsboro, New Jersey; the Delaware City Refinery in Delaware City; Torrance, California; Martinez, California. PBF produces a range of products including gasoline, ultra-low-sulfur diese...
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
PBF vs VST — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.9B | $4.8B |
| Net Profit | $200.2M | $233.0M |
| Gross Margin | 3.5% | — |
| Operating Margin | 3.8% | 9.9% |
| Net Margin | 2.5% | 4.8% |
| Revenue YoY | 11.9% | 31.2% |
| Net Profit YoY | 149.4% | -47.2% |
| EPS (diluted) | $1.65 | $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.
| Q1 26 | $7.9B | — | ||
| Q4 25 | $7.1B | $4.8B | ||
| Q3 25 | $7.7B | $4.8B | ||
| Q2 25 | $7.5B | $3.8B | ||
| Q1 25 | $7.1B | $4.3B | ||
| Q4 24 | $7.4B | $3.7B | ||
| Q3 24 | $8.4B | $4.3B | ||
| Q2 24 | $8.7B | $3.6B |
| Q1 26 | $200.2M | — | ||
| Q4 25 | $78.4M | $233.0M | ||
| Q3 25 | $170.1M | $652.0M | ||
| Q2 25 | $-5.2M | $327.0M | ||
| Q1 25 | $-401.8M | $-268.0M | ||
| Q4 24 | $-289.3M | $441.0M | ||
| Q3 24 | $-285.9M | $1.9B | ||
| Q2 24 | $-65.2M | $365.0M |
| Q1 26 | 3.5% | — | ||
| Q4 25 | -1.8% | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | -0.8% | — | ||
| Q1 25 | -5.9% | — | ||
| Q4 24 | -4.2% | — | ||
| Q3 24 | -3.4% | — | ||
| Q2 24 | 0.1% | — |
| Q1 26 | 3.8% | — | ||
| Q4 25 | 1.8% | 9.9% | ||
| Q3 25 | 3.7% | 21.7% | ||
| Q2 25 | 0.6% | 13.7% | ||
| Q1 25 | -7.2% | -2.8% | ||
| Q4 24 | -5.2% | 16.4% | ||
| Q3 24 | -4.6% | 59.6% | ||
| Q2 24 | -0.9% | 22.5% |
| Q1 26 | 2.5% | — | ||
| Q4 25 | 1.1% | 4.8% | ||
| Q3 25 | 2.2% | 13.6% | ||
| Q2 25 | -0.1% | 8.7% | ||
| Q1 25 | -5.7% | -6.3% | ||
| Q4 24 | -3.9% | 12.0% | ||
| Q3 24 | -3.4% | 43.5% | ||
| Q2 24 | -0.7% | 10.1% |
| Q1 26 | $1.65 | — | ||
| Q4 25 | $0.74 | $0.55 | ||
| Q3 25 | $1.45 | $1.75 | ||
| Q2 25 | $-0.05 | $0.81 | ||
| Q1 25 | $-3.53 | $-0.93 | ||
| Q4 24 | $-2.41 | $1.09 | ||
| Q3 24 | $-2.49 | $5.25 | ||
| Q2 24 | $-0.56 | $0.90 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $541.8M | $785.0M |
| Total DebtLower is stronger | — | $15.8B |
| Stockholders' EquityBook value | $5.7B | $5.1B |
| Total Assets | $14.7B | $41.5B |
| Debt / EquityLower = less leverage | — | 3.11× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $541.8M | — | ||
| Q4 25 | $527.9M | $785.0M | ||
| Q3 25 | $482.0M | $602.0M | ||
| Q2 25 | $590.7M | $458.0M | ||
| Q1 25 | $468.6M | $561.0M | ||
| Q4 24 | $536.1M | $1.2B | ||
| Q3 24 | $976.7M | $905.0M | ||
| Q2 24 | $1.4B | $1.6B |
| Q1 26 | — | — | ||
| 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 26 | $5.7B | — | ||
| Q4 25 | $5.3B | $5.1B | ||
| Q3 25 | $5.2B | $5.2B | ||
| Q2 25 | $5.1B | $4.8B | ||
| Q1 25 | $5.1B | $4.8B | ||
| Q4 24 | $5.5B | $5.6B | ||
| Q3 24 | $5.9B | $5.4B | ||
| Q2 24 | $6.3B | $5.6B |
| Q1 26 | $14.7B | — | ||
| Q4 25 | $13.0B | $41.5B | ||
| Q3 25 | $13.0B | $38.0B | ||
| Q2 25 | $13.0B | $38.1B | ||
| Q1 25 | $13.0B | $38.2B | ||
| Q4 24 | $12.7B | $37.8B | ||
| Q3 24 | $13.1B | $37.9B | ||
| Q2 24 | $14.1B | $39.1B |
| Q1 26 | — | — | ||
| 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× |
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 | — | $1.4B |
| Free Cash FlowOCF − Capex | — | $596.0M |
| FCF MarginFCF / Revenue | — | 12.4% |
| Capex IntensityCapex / Revenue | 4.0% | 17.4% |
| Cash ConversionOCF / Net Profit | — | 6.15× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.3B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $366.6M | $1.4B | ||
| Q3 25 | $25.7M | $1.5B | ||
| Q2 25 | $191.1M | $572.0M | ||
| Q1 25 | $-661.4M | $599.0M | ||
| Q4 24 | $-329.7M | $1.4B | ||
| Q3 24 | $-68.0M | $1.7B | ||
| Q2 24 | $425.3M | $1.2B |
| Q1 26 | — | — | ||
| Q4 25 | $77.0M | $596.0M | ||
| Q3 25 | $-122.8M | $1.0B | ||
| Q2 25 | $35.0M | $-118.0M | ||
| Q1 25 | $-772.4M | $-169.0M | ||
| Q4 24 | $-425.7M | $923.0M | ||
| Q3 24 | $-169.8M | $1.0B | ||
| Q2 24 | $371.8M | $698.0M |
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 12.4% | ||
| Q3 25 | -1.6% | 21.1% | ||
| Q2 25 | 0.5% | -3.1% | ||
| Q1 25 | -10.9% | -4.0% | ||
| Q4 24 | -5.8% | 25.2% | ||
| Q3 24 | -2.0% | 23.4% | ||
| Q2 24 | 4.3% | 19.4% |
| Q1 26 | 4.0% | — | ||
| Q4 25 | 4.1% | 17.4% | ||
| Q3 25 | 1.9% | 9.6% | ||
| Q2 25 | 2.1% | 18.4% | ||
| Q1 25 | 1.6% | 18.1% | ||
| Q4 24 | 1.3% | 11.7% | ||
| Q3 24 | 1.2% | 15.8% | ||
| Q2 24 | 0.6% | 13.8% |
| Q1 26 | — | — | ||
| Q4 25 | 4.68× | 6.15× | ||
| Q3 25 | 0.15× | 2.25× | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.07× | ||
| Q3 24 | — | 0.90× | ||
| Q2 24 | — | 3.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PBF
Segment breakdown not available.
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% |
