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Side-by-side financial comparison of Molson Coors Beverage Company (TAP) 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× Molson Coors Beverage Company). Molson Coors Beverage Company runs the higher net margin — 7.6% vs 4.8%, a 2.8% gap on every dollar of revenue. On growth, Vistra Corp. posted the faster year-over-year revenue change (31.2% vs -3.6%). Vistra Corp. produced more free cash flow last quarter ($596.0M vs $357.8M). Over the past eight quarters, Vistra Corp.'s revenue compounded faster (23.3% CAGR vs 1.2%).
Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.
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
TAP vs VST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.1B | $4.8B |
| Net Profit | $238.3M | $233.0M |
| Gross Margin | 31.0% | — |
| Operating Margin | 10.4% | 9.9% |
| Net Margin | 7.6% | 4.8% |
| Revenue YoY | -3.6% | 31.2% |
| Net Profit YoY | -17.2% | -47.2% |
| EPS (diluted) | $1.32 | $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 | $3.1B | $4.8B | ||
| Q3 25 | $3.5B | $4.8B | ||
| Q2 25 | $3.7B | $3.8B | ||
| Q1 25 | $2.7B | $4.3B | ||
| Q4 24 | $3.2B | $3.7B | ||
| Q3 24 | $3.6B | $4.3B | ||
| Q2 24 | $3.8B | $3.6B | ||
| Q1 24 | $3.0B | $3.2B |
| Q4 25 | $238.3M | $233.0M | ||
| Q3 25 | $-2.9B | $652.0M | ||
| Q2 25 | $428.7M | $327.0M | ||
| Q1 25 | $121.0M | $-268.0M | ||
| Q4 24 | $287.8M | $441.0M | ||
| Q3 24 | $199.8M | $1.9B | ||
| Q2 24 | $427.0M | $365.0M | ||
| Q1 24 | $207.8M | $-35.0M |
| Q4 25 | 31.0% | — | ||
| Q3 25 | 33.7% | — | ||
| Q2 25 | 34.3% | — | ||
| Q1 25 | 31.6% | — | ||
| Q4 24 | 32.0% | — | ||
| Q3 24 | 33.4% | — | ||
| Q2 24 | 34.6% | — | ||
| Q1 24 | 31.6% | — |
| Q4 25 | 10.4% | 9.9% | ||
| Q3 25 | -98.5% | 21.7% | ||
| Q2 25 | 15.6% | 13.7% | ||
| Q1 25 | 6.9% | -2.8% | ||
| Q4 24 | 12.0% | 16.4% | ||
| Q3 24 | 12.5% | 59.6% | ||
| Q2 24 | 15.6% | 22.5% | ||
| Q1 24 | 10.3% | 2.7% |
| Q4 25 | 7.6% | 4.8% | ||
| Q3 25 | -84.0% | 13.6% | ||
| Q2 25 | 11.5% | 8.7% | ||
| Q1 25 | 4.5% | -6.3% | ||
| Q4 24 | 8.9% | 12.0% | ||
| Q3 24 | 5.5% | 43.5% | ||
| Q2 24 | 11.1% | 10.1% | ||
| Q1 24 | 6.8% | -1.1% |
| Q4 25 | $1.32 | $0.55 | ||
| Q3 25 | $-14.79 | $1.75 | ||
| Q2 25 | $2.13 | $0.81 | ||
| Q1 25 | $0.59 | $-0.93 | ||
| Q4 24 | $1.39 | $1.09 | ||
| Q3 24 | $0.96 | $5.25 | ||
| Q2 24 | $2.03 | $0.90 | ||
| Q1 24 | $0.97 | $-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 | $896.5M | $785.0M |
| Total DebtLower is stronger | $6.3B | $15.8B |
| Stockholders' EquityBook value | $10.2B | $5.1B |
| Total Assets | $22.7B | $41.5B |
| Debt / EquityLower = less leverage | 0.61× | 3.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $896.5M | $785.0M | ||
| Q3 25 | $950.2M | $602.0M | ||
| Q2 25 | $613.8M | $458.0M | ||
| Q1 25 | $412.7M | $561.0M | ||
| Q4 24 | $969.3M | $1.2B | ||
| Q3 24 | $1.0B | $905.0M | ||
| Q2 24 | $1.6B | $1.6B | ||
| Q1 24 | $458.4M | $1.1B |
| Q4 25 | $6.3B | $15.8B | ||
| Q3 25 | $6.3B | $15.8B | ||
| Q2 25 | $6.3B | $15.5B | ||
| Q1 25 | $6.2B | $15.4B | ||
| Q4 24 | $6.1B | $15.4B | ||
| Q3 24 | $6.2B | $13.9B | ||
| Q2 24 | $7.0B | $13.9B | ||
| Q1 24 | $6.2B | $14.7B |
| Q4 25 | $10.2B | $5.1B | ||
| Q3 25 | $10.3B | $5.2B | ||
| Q2 25 | $13.4B | $4.8B | ||
| Q1 25 | $13.1B | $4.8B | ||
| Q4 24 | $13.1B | $5.6B | ||
| Q3 24 | $13.3B | $5.4B | ||
| Q2 24 | $13.2B | $5.6B | ||
| Q1 24 | $13.1B | $5.7B |
| Q4 25 | $22.7B | $41.5B | ||
| Q3 25 | $22.9B | $38.0B | ||
| Q2 25 | $26.8B | $38.1B | ||
| Q1 25 | $25.9B | $38.2B | ||
| Q4 24 | $26.1B | $37.8B | ||
| Q3 24 | $26.6B | $37.9B | ||
| Q2 24 | $27.4B | $39.1B | ||
| Q1 24 | $26.1B | $38.2B |
| Q4 25 | 0.61× | 3.11× | ||
| Q3 25 | 0.61× | 3.02× | ||
| Q2 25 | 0.47× | 3.22× | ||
| Q1 25 | 0.47× | 3.20× | ||
| Q4 24 | 0.47× | 2.77× | ||
| Q3 24 | 0.47× | 2.56× | ||
| Q2 24 | 0.53× | 2.49× | ||
| Q1 24 | 0.47× | 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 | $540.7M | $1.4B |
| Free Cash FlowOCF − Capex | $357.8M | $596.0M |
| FCF MarginFCF / Revenue | 11.4% | 12.4% |
| Capex IntensityCapex / Revenue | 5.9% | 17.4% |
| Cash ConversionOCF / Net Profit | 2.27× | 6.15× |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | $1.3B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $540.7M | $1.4B | ||
| Q3 25 | $616.1M | $1.5B | ||
| Q2 25 | $718.3M | $572.0M | ||
| Q1 25 | $-90.7M | $599.0M | ||
| Q4 24 | $494.5M | $1.4B | ||
| Q3 24 | $521.2M | $1.7B | ||
| Q2 24 | $869.2M | $1.2B | ||
| Q1 24 | $25.4M | $312.0M |
| Q4 25 | $357.8M | $596.0M | ||
| Q3 25 | $483.0M | $1.0B | ||
| Q2 25 | $555.0M | $-118.0M | ||
| Q1 25 | $-328.0M | $-169.0M | ||
| Q4 24 | $383.4M | $923.0M | ||
| Q3 24 | $350.4M | $1.0B | ||
| Q2 24 | $691.7M | $698.0M | ||
| Q1 24 | $-189.3M | $-153.0M |
| Q4 25 | 11.4% | 12.4% | ||
| Q3 25 | 13.9% | 21.1% | ||
| Q2 25 | 14.8% | -3.1% | ||
| Q1 25 | -12.2% | -4.0% | ||
| Q4 24 | 11.8% | 25.2% | ||
| Q3 24 | 9.7% | 23.4% | ||
| Q2 24 | 18.0% | 19.4% | ||
| Q1 24 | -6.2% | -4.8% |
| Q4 25 | 5.9% | 17.4% | ||
| Q3 25 | 3.8% | 9.6% | ||
| Q2 25 | 4.4% | 18.4% | ||
| Q1 25 | 8.8% | 18.1% | ||
| Q4 24 | 3.4% | 11.7% | ||
| Q3 24 | 4.7% | 15.8% | ||
| Q2 24 | 4.6% | 13.8% | ||
| Q1 24 | 7.0% | 14.7% |
| Q4 25 | 2.27× | 6.15× | ||
| Q3 25 | — | 2.25× | ||
| Q2 25 | 1.68× | 1.75× | ||
| Q1 25 | -0.75× | — | ||
| Q4 24 | 1.72× | 3.07× | ||
| Q3 24 | 2.61× | 0.90× | ||
| Q2 24 | 2.04× | 3.28× | ||
| Q1 24 | 0.12× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TAP
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% |
