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Side-by-side financial comparison of PulteGroup (PHM) 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 $3.4B, roughly 1.4× PulteGroup). PulteGroup runs the higher net margin — 10.2% vs 4.8%, a 5.3% gap on every dollar of revenue. On growth, Vistra Corp. posted the faster year-over-year revenue change (31.2% vs -12.4%). Over the past eight quarters, Vistra Corp.'s revenue compounded faster (23.3% CAGR vs -13.9%).
PulteGroup, Inc. is an American residential home-construction company based in Atlanta, Georgia, United States. As of 2023, the company is the third-largest home-construction company in the United States based on the number of homes closed. In total, the company has built over 775,000 homes.
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
PHM vs VST — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.4B | $4.8B |
| Net Profit | $347.0M | $233.0M |
| Gross Margin | — | — |
| Operating Margin | — | 9.9% |
| Net Margin | 10.2% | 4.8% |
| Revenue YoY | -12.4% | 31.2% |
| Net Profit YoY | — | -47.2% |
| EPS (diluted) | — | $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 | $3.4B | — | ||
| Q4 25 | $4.6B | $4.8B | ||
| Q3 25 | $4.4B | $4.8B | ||
| Q2 25 | $4.4B | $3.8B | ||
| Q1 25 | $3.9B | $4.3B | ||
| Q4 24 | $4.9B | $3.7B | ||
| Q3 24 | $4.5B | $4.3B | ||
| Q2 24 | $4.6B | $3.6B |
| Q1 26 | $347.0M | — | ||
| Q4 25 | $501.6M | $233.0M | ||
| Q3 25 | $585.8M | $652.0M | ||
| Q2 25 | $608.5M | $327.0M | ||
| Q1 25 | $522.8M | $-268.0M | ||
| Q4 24 | $913.2M | $441.0M | ||
| Q3 24 | $697.9M | $1.9B | ||
| Q2 24 | $809.1M | $365.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 27.8% | — | ||
| Q2 25 | 28.6% | — | ||
| Q1 25 | 28.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 30.4% | — | ||
| Q2 24 | 31.4% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.9% | ||
| Q3 25 | — | 21.7% | ||
| Q2 25 | — | 13.7% | ||
| Q1 25 | — | -2.8% | ||
| Q4 24 | — | 16.4% | ||
| Q3 24 | — | 59.6% | ||
| Q2 24 | — | 22.5% |
| Q1 26 | 10.2% | — | ||
| Q4 25 | 10.9% | 4.8% | ||
| Q3 25 | 13.3% | 13.6% | ||
| Q2 25 | 13.8% | 8.7% | ||
| Q1 25 | 13.4% | -6.3% | ||
| Q4 24 | 18.6% | 12.0% | ||
| Q3 24 | 15.6% | 43.5% | ||
| Q2 24 | 17.6% | 10.1% |
| Q1 26 | — | — | ||
| Q4 25 | $2.56 | $0.55 | ||
| Q3 25 | $2.96 | $1.75 | ||
| Q2 25 | $3.03 | $0.81 | ||
| Q1 25 | $2.57 | $-0.93 | ||
| Q4 24 | $4.41 | $1.09 | ||
| Q3 24 | $3.35 | $5.25 | ||
| Q2 24 | $3.83 | $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 | $1.8B | $785.0M |
| Total DebtLower is stronger | — | $15.8B |
| Stockholders' EquityBook value | $13.0B | $5.1B |
| Total Assets | $5.2B | $41.5B |
| Debt / EquityLower = less leverage | — | 3.11× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.8B | — | ||
| Q4 25 | $2.0B | $785.0M | ||
| Q3 25 | $1.5B | $602.0M | ||
| Q2 25 | $1.2B | $458.0M | ||
| Q1 25 | $1.2B | $561.0M | ||
| Q4 24 | $1.6B | $1.2B | ||
| Q3 24 | $1.4B | $905.0M | ||
| Q2 24 | $1.4B | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | $43.9M | $15.8B | ||
| Q3 25 | — | $15.8B | ||
| Q2 25 | — | $15.5B | ||
| Q1 25 | — | $15.4B | ||
| Q4 24 | $31.1M | $15.4B | ||
| Q3 24 | — | $13.9B | ||
| Q2 24 | — | $13.9B |
| Q1 26 | $13.0B | — | ||
| Q4 25 | $13.0B | $5.1B | ||
| Q3 25 | $12.8B | $5.2B | ||
| Q2 25 | $12.6B | $4.8B | ||
| Q1 25 | $12.3B | $4.8B | ||
| Q4 24 | $12.1B | $5.6B | ||
| Q3 24 | $11.6B | $5.4B | ||
| Q2 24 | $11.2B | $5.6B |
| Q1 26 | $5.2B | — | ||
| Q4 25 | $18.0B | $41.5B | ||
| Q3 25 | $17.9B | $38.0B | ||
| Q2 25 | $17.6B | $38.1B | ||
| Q1 25 | $17.3B | $38.2B | ||
| Q4 24 | $17.4B | $37.8B | ||
| Q3 24 | $17.0B | $37.9B | ||
| Q2 24 | $16.5B | $39.1B |
| Q1 26 | — | — | ||
| Q4 25 | 0.00× | 3.11× | ||
| Q3 25 | — | 3.02× | ||
| Q2 25 | — | 3.22× | ||
| Q1 25 | — | 3.20× | ||
| Q4 24 | 0.00× | 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 | $159.8M | $1.4B |
| Free Cash FlowOCF − Capex | — | $596.0M |
| FCF MarginFCF / Revenue | — | 12.4% |
| Capex IntensityCapex / Revenue | 0.7% | 17.4% |
| Cash ConversionOCF / Net Profit | 0.46× | 6.15× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.3B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $159.8M | — | ||
| Q4 25 | $771.1M | $1.4B | ||
| Q3 25 | $678.4M | $1.5B | ||
| Q2 25 | $287.5M | $572.0M | ||
| Q1 25 | $134.2M | $599.0M | ||
| Q4 24 | $567.6M | $1.4B | ||
| Q3 24 | $455.9M | $1.7B | ||
| Q2 24 | $417.5M | $1.2B |
| Q1 26 | — | — | ||
| Q4 25 | $739.8M | $596.0M | ||
| Q3 25 | $651.1M | $1.0B | ||
| Q2 25 | $253.0M | $-118.0M | ||
| Q1 25 | $104.6M | $-169.0M | ||
| Q4 24 | $543.1M | $923.0M | ||
| Q3 24 | $417.2M | $1.0B | ||
| Q2 24 | $386.2M | $698.0M |
| Q1 26 | — | — | ||
| Q4 25 | 16.0% | 12.4% | ||
| Q3 25 | 14.8% | 21.1% | ||
| Q2 25 | 5.7% | -3.1% | ||
| Q1 25 | 2.7% | -4.0% | ||
| Q4 24 | 11.0% | 25.2% | ||
| Q3 24 | 9.3% | 23.4% | ||
| Q2 24 | 8.4% | 19.4% |
| Q1 26 | 0.7% | — | ||
| Q4 25 | 0.7% | 17.4% | ||
| Q3 25 | 0.6% | 9.6% | ||
| Q2 25 | 0.8% | 18.4% | ||
| Q1 25 | 0.8% | 18.1% | ||
| Q4 24 | 0.5% | 11.7% | ||
| Q3 24 | 0.9% | 15.8% | ||
| Q2 24 | 0.7% | 13.8% |
| Q1 26 | 0.46× | — | ||
| Q4 25 | 1.54× | 6.15× | ||
| Q3 25 | 1.16× | 2.25× | ||
| Q2 25 | 0.47× | 1.75× | ||
| Q1 25 | 0.26× | — | ||
| Q4 24 | 0.62× | 3.07× | ||
| Q3 24 | 0.65× | 0.90× | ||
| Q2 24 | 0.52× | 3.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PHM
| Home sale revenues | $3.3B | 97% |
| Financial Services | $71.7M | 2% |
| Land sale and other revenues | $29.3M | 1% |
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% |
