vs
Side-by-side financial comparison of Tapestry, Inc. (TPR) 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 $2.5B, roughly 1.9× Tapestry, Inc.). Tapestry, Inc. runs the higher net margin — 22.4% vs 4.8%, a 17.6% gap on every dollar of revenue. On growth, Vistra Corp. posted the faster year-over-year revenue change (31.2% vs 14.0%). Tapestry, Inc. produced more free cash flow last quarter ($1.0B vs $596.0M). Over the past eight quarters, Tapestry, Inc.'s revenue compounded faster (29.9% CAGR vs 23.3%).
Tapestry, Inc. is a leading American multinational luxury fashion holding company. It owns three iconic lifestyle brands: Coach, Kate Spade New York, and Stuart Weitzman, offering premium handbags, apparel, footwear, accessories, and fragrances to global consumers via physical retail stores and e-commerce platforms.
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
TPR vs VST — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.5B | $4.8B |
| Net Profit | $561.3M | $233.0M |
| Gross Margin | 75.5% | — |
| Operating Margin | 28.6% | 9.9% |
| Net Margin | 22.4% | 4.8% |
| Revenue YoY | 14.0% | 31.2% |
| Net Profit YoY | 80.8% | -47.2% |
| EPS (diluted) | $2.68 | $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 | $2.5B | $4.8B | ||
| Q3 25 | $1.7B | $4.8B | ||
| Q2 25 | $1.7B | $3.8B | ||
| Q1 25 | $1.6B | $4.3B | ||
| Q4 24 | $2.2B | $3.7B | ||
| Q3 24 | $1.5B | $4.3B | ||
| Q2 24 | $1.6B | $3.6B | ||
| Q1 24 | $1.5B | $3.2B |
| Q4 25 | $561.3M | $233.0M | ||
| Q3 25 | $274.8M | $652.0M | ||
| Q2 25 | $-517.1M | $327.0M | ||
| Q1 25 | $203.3M | $-268.0M | ||
| Q4 24 | $310.4M | $441.0M | ||
| Q3 24 | $186.6M | $1.9B | ||
| Q2 24 | $159.3M | $365.0M | ||
| Q1 24 | $139.4M | $-35.0M |
| Q4 25 | 75.5% | — | ||
| Q3 25 | 76.3% | — | ||
| Q2 25 | 76.3% | — | ||
| Q1 25 | 76.1% | — | ||
| Q4 24 | 74.4% | — | ||
| Q3 24 | 75.3% | — | ||
| Q2 24 | 74.9% | — | ||
| Q1 24 | 74.7% | — |
| Q4 25 | 28.6% | 9.9% | ||
| Q3 25 | 19.3% | 21.7% | ||
| Q2 25 | -33.9% | 13.7% | ||
| Q1 25 | 16.0% | -2.8% | ||
| Q4 24 | 22.4% | 16.4% | ||
| Q3 24 | 16.7% | 59.6% | ||
| Q2 24 | 14.8% | 22.5% | ||
| Q1 24 | 13.8% | 2.7% |
| Q4 25 | 22.4% | 4.8% | ||
| Q3 25 | 16.1% | 13.6% | ||
| Q2 25 | -30.0% | 8.7% | ||
| Q1 25 | 12.8% | -6.3% | ||
| Q4 24 | 14.1% | 12.0% | ||
| Q3 24 | 12.4% | 43.5% | ||
| Q2 24 | 10.0% | 10.1% | ||
| Q1 24 | 9.4% | -1.1% |
| Q4 25 | $2.68 | $0.55 | ||
| Q3 25 | $1.28 | $1.75 | ||
| Q2 25 | $-2.30 | $0.81 | ||
| Q1 25 | $0.95 | $-0.93 | ||
| Q4 24 | $1.38 | $1.09 | ||
| Q3 24 | $0.79 | $5.25 | ||
| Q2 24 | $0.67 | $0.90 | ||
| Q1 24 | $0.60 | $-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 | $1.1B | $785.0M |
| Total DebtLower is stronger | $2.4B | $15.8B |
| Stockholders' EquityBook value | $551.2M | $5.1B |
| Total Assets | $6.5B | $41.5B |
| Debt / EquityLower = less leverage | 4.32× | 3.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $785.0M | ||
| Q3 25 | $743.2M | $602.0M | ||
| Q2 25 | $1.1B | $458.0M | ||
| Q1 25 | $1.1B | $561.0M | ||
| Q4 24 | $1.0B | $1.2B | ||
| Q3 24 | $7.3B | $905.0M | ||
| Q2 24 | $7.2B | $1.6B | ||
| Q1 24 | $7.4B | $1.1B |
| Q4 25 | $2.4B | $15.8B | ||
| Q3 25 | $2.4B | $15.8B | ||
| Q2 25 | $2.4B | $15.5B | ||
| Q1 25 | $2.4B | $15.4B | ||
| Q4 24 | $2.4B | $15.4B | ||
| Q3 24 | $7.0B | $13.9B | ||
| Q2 24 | $6.9B | $13.9B | ||
| Q1 24 | $7.7B | $14.7B |
| Q4 25 | $551.2M | $5.1B | ||
| Q3 25 | $399.5M | $5.2B | ||
| Q2 25 | $857.8M | $4.8B | ||
| Q1 25 | $1.5B | $4.8B | ||
| Q4 24 | $1.3B | $5.6B | ||
| Q3 24 | $3.0B | $5.4B | ||
| Q2 24 | $2.9B | $5.6B | ||
| Q1 24 | $2.8B | $5.7B |
| Q4 25 | $6.5B | $41.5B | ||
| Q3 25 | $6.4B | $38.0B | ||
| Q2 25 | $6.6B | $38.1B | ||
| Q1 25 | $7.3B | $38.2B | ||
| Q4 24 | $7.3B | $37.8B | ||
| Q3 24 | $13.7B | $37.9B | ||
| Q2 24 | $13.4B | $39.1B | ||
| Q1 24 | $13.7B | $38.2B |
| Q4 25 | 4.32× | 3.11× | ||
| Q3 25 | 5.95× | 3.02× | ||
| Q2 25 | 2.77× | 3.22× | ||
| Q1 25 | 1.59× | 3.20× | ||
| Q4 24 | 1.78× | 2.77× | ||
| Q3 24 | 2.35× | 2.56× | ||
| Q2 24 | 2.39× | 2.49× | ||
| Q1 24 | 2.77× | 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 | $1.1B | $1.4B |
| Free Cash FlowOCF − Capex | $1.0B | $596.0M |
| FCF MarginFCF / Revenue | 41.5% | 12.4% |
| Capex IntensityCapex / Revenue | 1.7% | 17.4% |
| Cash ConversionOCF / Net Profit | 1.93× | 6.15× |
| TTM Free Cash FlowTrailing 4 quarters | $1.6B | $1.3B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $1.4B | ||
| Q3 25 | $112.6M | $1.5B | ||
| Q2 25 | $446.8M | $572.0M | ||
| Q1 25 | $144.3M | $599.0M | ||
| Q4 24 | $506.0M | $1.4B | ||
| Q3 24 | $119.5M | $1.7B | ||
| Q2 24 | $256.0M | $1.2B | ||
| Q1 24 | $97.8M | $312.0M |
| Q4 25 | $1.0B | $596.0M | ||
| Q3 25 | $80.2M | $1.0B | ||
| Q2 25 | $411.5M | $-118.0M | ||
| Q1 25 | $113.4M | $-169.0M | ||
| Q4 24 | $475.1M | $923.0M | ||
| Q3 24 | $93.9M | $1.0B | ||
| Q2 24 | $209.8M | $698.0M | ||
| Q1 24 | $78.8M | $-153.0M |
| Q4 25 | 41.5% | 12.4% | ||
| Q3 25 | 4.7% | 21.1% | ||
| Q2 25 | 23.9% | -3.1% | ||
| Q1 25 | 7.2% | -4.0% | ||
| Q4 24 | 21.6% | 25.2% | ||
| Q3 24 | 6.2% | 23.4% | ||
| Q2 24 | 13.2% | 19.4% | ||
| Q1 24 | 5.3% | -4.8% |
| Q4 25 | 1.7% | 17.4% | ||
| Q3 25 | 1.9% | 9.6% | ||
| Q2 25 | 2.0% | 18.4% | ||
| Q1 25 | 2.0% | 18.1% | ||
| Q4 24 | 1.4% | 11.7% | ||
| Q3 24 | 1.7% | 15.8% | ||
| Q2 24 | 2.9% | 13.8% | ||
| Q1 24 | 1.3% | 14.7% |
| Q4 25 | 1.93× | 6.15× | ||
| Q3 25 | 0.41× | 2.25× | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | 1.63× | 3.07× | ||
| Q3 24 | 0.64× | 0.90× | ||
| Q2 24 | 1.61× | 3.28× | ||
| Q1 24 | 0.70× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
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% |
