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Side-by-side financial comparison of Sandisk Corp (SNDK) and Vistra Corp. (VST). Click either name above to swap in a different company.
Sandisk Corp is the larger business by last-quarter revenue ($6.0B vs $4.8B, roughly 1.2× Vistra Corp.). Sandisk Corp runs the higher net margin — 60.8% vs 4.8%, a 55.9% gap on every dollar of revenue. On growth, Sandisk Corp posted the faster year-over-year revenue change (96.7% vs 31.2%). Sandisk Corp produced more free cash flow last quarter ($3.0B vs $596.0M). Over the past eight quarters, Sandisk Corp's revenue compounded faster (77.8% CAGR vs 23.3%).
Sandisk Corporation is an American multinational computer technology company based in Milpitas, California, that designs and manufactures flash memory products, including memory cards, USB flash drives, and solid-state drives. It was founded in 1988 as SunDisk by Eli Harari, Sanjay Mehrotra, and Jack Yuan. The name is a portmanteau of the founder’s name Sanjay and disk.
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
SNDK vs VST — Head-to-Head
Income Statement — Q1 FY2027 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.0B | $4.8B |
| Net Profit | $3.6B | $233.0M |
| Gross Margin | 78.4% | — |
| Operating Margin | 69.1% | 9.9% |
| Net Margin | 60.8% | 4.8% |
| Revenue YoY | 96.7% | 31.2% |
| Net Profit YoY | 273.8% | -47.2% |
| EPS (diluted) | $23.03 | $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.
| Q3 26 | $6.0B | — | ||
| Q2 26 | $3.0B | — | ||
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.3B | $4.8B | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | $1.9B | $3.8B | ||
| Q1 25 | $1.7B | $4.3B | ||
| Q4 24 | $1.9B | $3.7B |
| Q3 26 | $3.6B | — | ||
| Q2 26 | $803.0M | — | ||
| Q1 26 | $803.0M | — | ||
| Q4 25 | $112.0M | $233.0M | ||
| Q3 25 | — | $652.0M | ||
| Q2 25 | $-23.0M | $327.0M | ||
| Q1 25 | $-1.9B | $-268.0M | ||
| Q4 24 | $104.0M | $441.0M |
| Q3 26 | 78.4% | — | ||
| Q2 26 | 50.9% | — | ||
| Q1 26 | 50.9% | — | ||
| Q4 25 | 29.8% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 26.2% | — | ||
| Q1 25 | 22.5% | — | ||
| Q4 24 | 32.3% | — |
| Q3 26 | 69.1% | — | ||
| Q2 26 | 35.2% | — | ||
| Q1 26 | 35.2% | — | ||
| Q4 25 | 7.6% | 9.9% | ||
| Q3 25 | — | 21.7% | ||
| Q2 25 | 0.9% | 13.7% | ||
| Q1 25 | -111.0% | -2.8% | ||
| Q4 24 | 10.4% | 16.4% |
| Q3 26 | 60.8% | — | ||
| Q2 26 | 26.5% | — | ||
| Q1 26 | 26.5% | — | ||
| Q4 25 | 4.9% | 4.8% | ||
| Q3 25 | — | 13.6% | ||
| Q2 25 | -1.2% | 8.7% | ||
| Q1 25 | -114.0% | -6.3% | ||
| Q4 24 | 5.5% | 12.0% |
| Q3 26 | $23.03 | — | ||
| Q2 26 | $5.15 | — | ||
| Q1 26 | $5.15 | — | ||
| Q4 25 | $0.75 | $0.55 | ||
| Q3 25 | — | $1.75 | ||
| Q2 25 | $-0.17 | $0.81 | ||
| Q1 25 | $-13.33 | $-0.93 | ||
| Q4 24 | $0.72 | $1.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.7B | $785.0M |
| Total DebtLower is stronger | $0 | $15.8B |
| Stockholders' EquityBook value | $13.8B | $5.1B |
| Total Assets | $17.1B | $41.5B |
| Debt / EquityLower = less leverage | 0.00× | 3.11× |
8-quarter trend — quarters aligned by calendar period.
| Q3 26 | $3.7B | — | ||
| Q2 26 | $1.5B | — | ||
| Q1 26 | $1.5B | — | ||
| Q4 25 | $1.4B | $785.0M | ||
| Q3 25 | — | $602.0M | ||
| Q2 25 | $1.5B | $458.0M | ||
| Q1 25 | $1.5B | $561.0M | ||
| Q4 24 | $804.0M | $1.2B |
| Q3 26 | $0 | — | ||
| Q2 26 | $603.0M | — | ||
| Q1 26 | $603.0M | — | ||
| Q4 25 | $1.4B | $15.8B | ||
| Q3 25 | — | $15.8B | ||
| Q2 25 | $1.8B | $15.5B | ||
| Q1 25 | $1.9B | $15.4B | ||
| Q4 24 | — | $15.4B |
| Q3 26 | $13.8B | — | ||
| Q2 26 | $10.2B | — | ||
| Q1 26 | $10.2B | — | ||
| Q4 25 | $9.4B | $5.1B | ||
| Q3 25 | — | $5.2B | ||
| Q2 25 | $9.2B | $4.8B | ||
| Q1 25 | $9.2B | $4.8B | ||
| Q4 24 | $12.0B | $5.6B |
| Q3 26 | $17.1B | — | ||
| Q2 26 | $13.0B | — | ||
| Q1 26 | $13.0B | — | ||
| Q4 25 | $12.7B | $41.5B | ||
| Q3 25 | — | $38.0B | ||
| Q2 25 | $13.0B | $38.1B | ||
| Q1 25 | $13.0B | $38.2B | ||
| Q4 24 | $14.2B | $37.8B |
| Q3 26 | 0.00× | — | ||
| Q2 26 | 0.06× | — | ||
| Q1 26 | 0.06× | — | ||
| Q4 25 | 0.14× | 3.11× | ||
| Q3 25 | — | 3.02× | ||
| Q2 25 | 0.20× | 3.22× | ||
| Q1 25 | 0.21× | 3.20× | ||
| Q4 24 | — | 2.77× |
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 | $3.0B | $596.0M |
| FCF MarginFCF / Revenue | 50.3% | 12.4% |
| Capex IntensityCapex / Revenue | — | 17.4% |
| Cash ConversionOCF / Net Profit | — | 6.15× |
| TTM Free Cash FlowTrailing 4 quarters | $5.4B | $1.3B |
8-quarter trend — quarters aligned by calendar period.
| Q3 26 | — | — | ||
| Q2 26 | — | — | ||
| Q1 26 | $1.0B | — | ||
| Q4 25 | $488.0M | $1.4B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $572.0M | ||
| Q1 25 | $26.0M | $599.0M | ||
| Q4 24 | $95.0M | $1.4B |
| Q3 26 | $3.0B | — | ||
| Q2 26 | $980.0M | — | ||
| Q1 26 | $980.0M | — | ||
| Q4 25 | $438.0M | $596.0M | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $-118.0M | ||
| Q1 25 | $-18.0M | $-169.0M | ||
| Q4 24 | $47.0M | $923.0M |
| Q3 26 | 50.3% | — | ||
| Q2 26 | 32.4% | — | ||
| Q1 26 | 32.4% | — | ||
| Q4 25 | 19.0% | 12.4% | ||
| Q3 25 | — | 21.1% | ||
| Q2 25 | — | -3.1% | ||
| Q1 25 | -1.1% | -4.0% | ||
| Q4 24 | 2.5% | 25.2% |
| Q3 26 | — | — | ||
| Q2 26 | — | — | ||
| Q1 26 | 1.3% | — | ||
| Q4 25 | 2.2% | 17.4% | ||
| Q3 25 | — | 9.6% | ||
| Q2 25 | — | 18.4% | ||
| Q1 25 | 2.6% | 18.1% | ||
| Q4 24 | 2.6% | 11.7% |
| Q3 26 | — | — | ||
| Q2 26 | — | — | ||
| Q1 26 | 1.27× | — | ||
| Q4 25 | 4.36× | 6.15× | ||
| Q3 25 | — | 2.25× | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.91× | 3.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SNDK
| Edge | $3.7B | 62% |
| Datacenter | $1.5B | 25% |
| Consumer | $820.0M | 14% |
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% |
