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Side-by-side financial comparison of QVC INC (QVCD) 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 $2.4B, roughly 2.0× QVC INC). Vistra Corp. runs the higher net margin — 4.8% vs 1.5%, a 3.3% gap on every dollar of revenue. On growth, Vistra Corp. posted the faster year-over-year revenue change (31.2% vs -8.9%). Over the past eight quarters, Vistra Corp.'s revenue compounded faster (23.3% CAGR vs 7.1%).
QVC Group, is an American media conglomerate controlled by company chairman John C. Malone, who owns a majority of the voting shares.
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
QVCD vs VST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.4B | $4.8B |
| Net Profit | $37.0M | $233.0M |
| Gross Margin | 32.5% | — |
| Operating Margin | 5.6% | 9.9% |
| Net Margin | 1.5% | 4.8% |
| Revenue YoY | -8.9% | 31.2% |
| Net Profit YoY | 103.0% | -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.
| Q4 25 | $2.4B | $4.8B | ||
| Q3 25 | $2.0B | $4.8B | ||
| Q2 25 | $2.0B | $3.8B | ||
| Q1 25 | $1.9B | $4.3B | ||
| Q4 24 | $2.7B | $3.7B | ||
| Q3 24 | $2.1B | $4.3B | ||
| Q2 24 | $2.1B | $3.6B | ||
| Q1 24 | $2.1B | $3.2B |
| Q4 25 | $37.0M | $233.0M | ||
| Q3 25 | $2.0M | $652.0M | ||
| Q2 25 | $-2.2B | $327.0M | ||
| Q1 25 | $-42.0M | $-268.0M | ||
| Q4 24 | $-1.2B | $441.0M | ||
| Q3 24 | $51.0M | $1.9B | ||
| Q2 24 | $53.0M | $365.0M | ||
| Q1 24 | $51.0M | $-35.0M |
| Q4 25 | 32.5% | — | ||
| Q3 25 | 33.6% | — | ||
| Q2 25 | 35.4% | — | ||
| Q1 25 | 33.3% | — | ||
| Q4 24 | 32.6% | — | ||
| Q3 24 | 34.7% | — | ||
| Q2 24 | 35.6% | — | ||
| Q1 24 | 35.0% | — |
| Q4 25 | 5.6% | 9.9% | ||
| Q3 25 | 4.6% | 21.7% | ||
| Q2 25 | -114.5% | 13.7% | ||
| Q1 25 | 1.5% | -2.8% | ||
| Q4 24 | -47.1% | 16.4% | ||
| Q3 24 | 7.8% | 59.6% | ||
| Q2 24 | 7.6% | 22.5% | ||
| Q1 24 | 7.4% | 2.7% |
| Q4 25 | 1.5% | 4.8% | ||
| Q3 25 | 0.1% | 13.6% | ||
| Q2 25 | -109.1% | 8.7% | ||
| Q1 25 | -2.2% | -6.3% | ||
| Q4 24 | -46.0% | 12.0% | ||
| Q3 24 | 2.4% | 43.5% | ||
| Q2 24 | 2.5% | 10.1% | ||
| Q1 24 | 2.4% | -1.1% |
| Q4 25 | — | $0.55 | ||
| Q3 25 | — | $1.75 | ||
| Q2 25 | — | $0.81 | ||
| Q1 25 | — | $-0.93 | ||
| Q4 24 | — | $1.09 | ||
| Q3 24 | — | $5.25 | ||
| Q2 24 | — | $0.90 | ||
| Q1 24 | — | $-0.24 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.5B | $785.0M |
| Total DebtLower is stronger | $1.0M | $15.8B |
| Stockholders' EquityBook value | $1.2B | $5.1B |
| Total Assets | $8.5B | $41.5B |
| Debt / EquityLower = less leverage | 0.00× | 3.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $785.0M | ||
| Q3 25 | — | $602.0M | ||
| Q2 25 | — | $458.0M | ||
| Q1 25 | — | $561.0M | ||
| Q4 24 | $297.0M | $1.2B | ||
| Q3 24 | $297.0M | $905.0M | ||
| Q2 24 | $315.0M | $1.6B | ||
| Q1 24 | $311.0M | $1.1B |
| Q4 25 | $1.0M | $15.8B | ||
| Q3 25 | $5.0B | $15.8B | ||
| Q2 25 | $4.0B | $15.5B | ||
| Q1 25 | $4.0B | $15.4B | ||
| Q4 24 | $3.3B | $15.4B | ||
| Q3 24 | $3.4B | $13.9B | ||
| Q2 24 | $3.7B | $13.9B | ||
| Q1 24 | $3.8B | $14.7B |
| Q4 25 | $1.2B | $5.1B | ||
| Q3 25 | $1.2B | $5.2B | ||
| Q2 25 | $1.2B | $4.8B | ||
| Q1 25 | $3.3B | $4.8B | ||
| Q4 24 | $3.3B | $5.6B | ||
| Q3 24 | $4.6B | $5.4B | ||
| Q2 24 | $4.3B | $5.6B | ||
| Q1 24 | $4.2B | $5.7B |
| Q4 25 | $8.5B | $41.5B | ||
| Q3 25 | $8.3B | $38.0B | ||
| Q2 25 | $7.4B | $38.1B | ||
| Q1 25 | $9.7B | $38.2B | ||
| Q4 24 | $9.9B | $37.8B | ||
| Q3 24 | $9.9B | $37.9B | ||
| Q2 24 | $11.2B | $39.1B | ||
| Q1 24 | $11.4B | $38.2B |
| Q4 25 | 0.00× | 3.11× | ||
| Q3 25 | 4.30× | 3.02× | ||
| Q2 25 | 3.42× | 3.22× | ||
| Q1 25 | 1.22× | 3.20× | ||
| Q4 24 | 1.01× | 2.77× | ||
| Q3 24 | 0.73× | 2.56× | ||
| Q2 24 | 0.87× | 2.49× | ||
| Q1 24 | 0.89× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $245.0M | $1.4B |
| Free Cash FlowOCF − Capex | — | $596.0M |
| FCF MarginFCF / Revenue | — | 12.4% |
| Capex IntensityCapex / Revenue | — | 17.4% |
| Cash ConversionOCF / Net Profit | 6.62× | 6.15× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.3B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $245.0M | $1.4B | ||
| Q3 25 | $76.0M | $1.5B | ||
| Q2 25 | $52.0M | $572.0M | ||
| Q1 25 | $46.0M | $599.0M | ||
| Q4 24 | $189.0M | $1.4B | ||
| Q3 24 | $98.0M | $1.7B | ||
| Q2 24 | $164.0M | $1.2B | ||
| Q1 24 | $84.0M | $312.0M |
| Q4 25 | — | $596.0M | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $-118.0M | ||
| Q1 25 | — | $-169.0M | ||
| Q4 24 | — | $923.0M | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $698.0M | ||
| Q1 24 | — | $-153.0M |
| Q4 25 | — | 12.4% | ||
| Q3 25 | — | 21.1% | ||
| Q2 25 | — | -3.1% | ||
| Q1 25 | — | -4.0% | ||
| Q4 24 | — | 25.2% | ||
| Q3 24 | — | 23.4% | ||
| Q2 24 | — | 19.4% | ||
| Q1 24 | — | -4.8% |
| Q4 25 | — | 17.4% | ||
| Q3 25 | — | 9.6% | ||
| Q2 25 | — | 18.4% | ||
| Q1 25 | — | 18.1% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | — | 15.8% | ||
| Q2 24 | — | 13.8% | ||
| Q1 24 | — | 14.7% |
| Q4 25 | 6.62× | 6.15× | ||
| Q3 25 | 38.00× | 2.25× | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.07× | ||
| Q3 24 | 1.92× | 0.90× | ||
| Q2 24 | 3.09× | 3.28× | ||
| Q1 24 | 1.65× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
QVCD
| Home | $754.0M | 31% |
| QVC International | $661.0M | 27% |
| Beauty | $260.0M | 11% |
| Apparel | $254.0M | 10% |
| Electronics | $187.0M | 8% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 4% |
| Otherrevenue | $38.0M | 2% |
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% |
