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Side-by-side financial comparison of RYDER SYSTEM INC (R) 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 $3.1B, roughly 1.5× RYDER SYSTEM INC). Vistra Corp. runs the higher net margin — 4.8% vs 3.0%, a 1.9% gap on every dollar of revenue. On growth, Vistra Corp. posted the faster year-over-year revenue change (31.2% vs 1.0%). Vistra Corp. produced more free cash flow last quarter ($596.0M vs $273.0M). Over the past eight quarters, Vistra Corp.'s revenue compounded faster (23.3% CAGR vs -0.9%).
Ryder System, Inc. is an American transportation and logistics company, specializing in truck rental and leasing, fleet management, supply chain management, and transportation management. It also offers full-service leasing, rental and maintenance, used vehicle sales, transportation management, professional drivers, e-commerce fulfillment, and last-mile delivery services. The company is headquartered in Coral Gables, Florida, and operates in the United States and United Kingdom.
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
R vs VST — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.1B | $4.8B |
| Net Profit | $93.0M | $233.0M |
| Gross Margin | — | — |
| Operating Margin | — | 9.9% |
| Net Margin | 3.0% | 4.8% |
| Revenue YoY | 1.0% | 31.2% |
| Net Profit YoY | -5.1% | -47.2% |
| EPS (diluted) | $2.34 | $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 | $3.1B | — | ||
| Q4 25 | $3.2B | $4.8B | ||
| Q3 25 | $3.2B | $4.8B | ||
| Q2 25 | $3.2B | $3.8B | ||
| Q1 25 | $3.1B | $4.3B | ||
| Q4 24 | $3.2B | $3.7B | ||
| Q3 24 | $3.2B | $4.3B | ||
| Q2 24 | $3.2B | $3.6B |
| Q1 26 | $93.0M | — | ||
| Q4 25 | $132.0M | $233.0M | ||
| Q3 25 | $138.0M | $652.0M | ||
| Q2 25 | $131.0M | $327.0M | ||
| Q1 25 | $98.0M | $-268.0M | ||
| Q4 24 | $135.0M | $441.0M | ||
| Q3 24 | $142.0M | $1.9B | ||
| Q2 24 | $127.0M | $365.0M |
| Q1 26 | — | — | ||
| Q4 25 | 5.6% | 9.9% | ||
| Q3 25 | 6.0% | 21.7% | ||
| Q2 25 | 5.8% | 13.7% | ||
| Q1 25 | 4.3% | -2.8% | ||
| Q4 24 | 5.7% | 16.4% | ||
| Q3 24 | 5.9% | 59.6% | ||
| Q2 24 | 5.6% | 22.5% |
| Q1 26 | 3.0% | — | ||
| Q4 25 | 4.2% | 4.8% | ||
| Q3 25 | 4.4% | 13.6% | ||
| Q2 25 | 4.1% | 8.7% | ||
| Q1 25 | 3.1% | -6.3% | ||
| Q4 24 | 4.2% | 12.0% | ||
| Q3 24 | 4.5% | 43.5% | ||
| Q2 24 | 4.0% | 10.1% |
| Q1 26 | $2.34 | — | ||
| Q4 25 | $3.22 | $0.55 | ||
| Q3 25 | $3.32 | $1.75 | ||
| Q2 25 | $3.13 | $0.81 | ||
| Q1 25 | $2.27 | $-0.93 | ||
| Q4 24 | $3.09 | $1.09 | ||
| Q3 24 | $3.24 | $5.25 | ||
| Q2 24 | $2.84 | $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 | $182.0M | $785.0M |
| Total DebtLower is stronger | — | $15.8B |
| Stockholders' EquityBook value | $2.9B | $5.1B |
| Total Assets | — | $41.5B |
| Debt / EquityLower = less leverage | — | 3.11× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $182.0M | — | ||
| Q4 25 | $198.0M | $785.0M | ||
| Q3 25 | $189.0M | $602.0M | ||
| Q2 25 | $180.0M | $458.0M | ||
| Q1 25 | $151.0M | $561.0M | ||
| Q4 24 | $154.0M | $1.2B | ||
| Q3 24 | $162.0M | $905.0M | ||
| Q2 24 | $164.0M | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | $6.8B | $15.8B | ||
| Q3 25 | $7.3B | $15.8B | ||
| Q2 25 | $7.0B | $15.5B | ||
| Q1 25 | $6.7B | $15.4B | ||
| Q4 24 | $6.7B | $15.4B | ||
| Q3 24 | $6.6B | $13.9B | ||
| Q2 24 | $6.5B | $13.9B |
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.1B | $5.1B | ||
| Q3 25 | $3.1B | $5.2B | ||
| Q2 25 | $3.1B | $4.8B | ||
| Q1 25 | $3.0B | $4.8B | ||
| Q4 24 | $3.1B | $5.6B | ||
| Q3 24 | $3.1B | $5.4B | ||
| Q2 24 | $3.1B | $5.6B |
| Q1 26 | — | — | ||
| Q4 25 | $16.4B | $41.5B | ||
| Q3 25 | $16.5B | $38.0B | ||
| Q2 25 | $16.5B | $38.1B | ||
| Q1 25 | $16.4B | $38.2B | ||
| Q4 24 | $16.7B | $37.8B | ||
| Q3 24 | $16.5B | $37.9B | ||
| Q2 24 | $16.4B | $39.1B |
| Q1 26 | — | — | ||
| Q4 25 | 2.24× | 3.11× | ||
| Q3 25 | 2.35× | 3.02× | ||
| Q2 25 | 2.27× | 3.22× | ||
| Q1 25 | 2.21× | 3.20× | ||
| Q4 24 | 2.14× | 2.77× | ||
| Q3 24 | 2.17× | 2.56× | ||
| Q2 24 | 2.09× | 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 | $583.0M | $1.4B |
| Free Cash FlowOCF − Capex | $273.0M | $596.0M |
| FCF MarginFCF / Revenue | 8.7% | 12.4% |
| Capex IntensityCapex / Revenue | 13.7% | 17.4% |
| Cash ConversionOCF / Net Profit | 6.27× | 6.15× |
| TTM Free Cash FlowTrailing 4 quarters | $595.0M | $1.3B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $583.0M | — | ||
| Q4 25 | $749.0M | $1.4B | ||
| Q3 25 | $442.0M | $1.5B | ||
| Q2 25 | $752.0M | $572.0M | ||
| Q1 25 | $651.0M | $599.0M | ||
| Q4 24 | $558.0M | $1.4B | ||
| Q3 24 | $629.0M | $1.7B | ||
| Q2 24 | $552.0M | $1.2B |
| Q1 26 | $273.0M | — | ||
| Q4 25 | $344.0M | $596.0M | ||
| Q3 25 | $-85.0M | $1.0B | ||
| Q2 25 | $63.0M | $-118.0M | ||
| Q1 25 | $137.0M | $-169.0M | ||
| Q4 24 | $-201.0M | $923.0M | ||
| Q3 24 | $30.0M | $1.0B | ||
| Q2 24 | $-87.0M | $698.0M |
| Q1 26 | 8.7% | — | ||
| Q4 25 | 10.8% | 12.4% | ||
| Q3 25 | -2.7% | 21.1% | ||
| Q2 25 | 2.0% | -3.1% | ||
| Q1 25 | 4.4% | -4.0% | ||
| Q4 24 | -6.3% | 25.2% | ||
| Q3 24 | 0.9% | 23.4% | ||
| Q2 24 | -2.7% | 19.4% |
| Q1 26 | 13.7% | — | ||
| Q4 25 | 12.8% | 17.4% | ||
| Q3 25 | 16.6% | 9.6% | ||
| Q2 25 | 21.6% | 18.4% | ||
| Q1 25 | 16.4% | 18.1% | ||
| Q4 24 | 23.8% | 11.7% | ||
| Q3 24 | 18.9% | 15.8% | ||
| Q2 24 | 20.1% | 13.8% |
| Q1 26 | 6.27× | — | ||
| Q4 25 | 5.67× | 6.15× | ||
| Q3 25 | 3.20× | 2.25× | ||
| Q2 25 | 5.74× | 1.75× | ||
| Q1 25 | 6.64× | — | ||
| Q4 24 | 4.13× | 3.07× | ||
| Q3 24 | 4.43× | 0.90× | ||
| Q2 24 | 4.35× | 3.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
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% |
