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Side-by-side financial comparison of Textron (TXT) 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 $4.2B, roughly 1.2× Textron). Textron runs the higher net margin — 5.6% vs 4.8%, a 0.8% gap on every dollar of revenue. On growth, Vistra Corp. posted the faster year-over-year revenue change (31.2% vs 15.6%). Over the past eight quarters, Vistra Corp.'s revenue compounded faster (23.3% CAGR vs 8.8%).

Textron Inc. is an American industrial conglomerate based in Providence, Rhode Island. Textron's subsidiaries include Bell Textron, Kautex, Textron Aviation, and Lycoming Engines. It was founded by Royal Little in 1923 as the Special Yarns Company. In 2020, Textron employed over 33,000 people in 25 countries. The company ranked 265th on the 2021 Fortune 500 of the largest United States corporations by revenue.

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

TXT vs VST — Head-to-Head

Bigger by revenue
VST
VST
1.2× larger
VST
$4.8B
$4.2B
TXT
Growing faster (revenue YoY)
VST
VST
+15.7% gap
VST
31.2%
15.6%
TXT
Higher net margin
TXT
TXT
0.8% more per $
TXT
5.6%
4.8%
VST
Faster 2-yr revenue CAGR
VST
VST
Annualised
VST
23.3%
8.8%
TXT

Income Statement — Q4 FY2026 vs Q4 FY2025

Metric
TXT
TXT
VST
VST
Revenue
$4.2B
$4.8B
Net Profit
$235.0M
$233.0M
Gross Margin
Operating Margin
9.9%
Net Margin
5.6%
4.8%
Revenue YoY
15.6%
31.2%
Net Profit YoY
66.7%
-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.

Revenue
TXT
TXT
VST
VST
Q4 25
$4.2B
$4.8B
Q3 25
$3.6B
$4.8B
Q2 25
$3.7B
$3.8B
Q1 25
$3.3B
$4.3B
Q4 24
$3.6B
$3.7B
Q3 24
$3.4B
$4.3B
Q2 24
$3.5B
$3.6B
Q1 24
$3.2B
Net Profit
TXT
TXT
VST
VST
Q4 25
$235.0M
$233.0M
Q3 25
$234.0M
$652.0M
Q2 25
$245.0M
$327.0M
Q1 25
$207.0M
$-268.0M
Q4 24
$141.0M
$441.0M
Q3 24
$223.0M
$1.9B
Q2 24
$259.0M
$365.0M
Q1 24
$-35.0M
Operating Margin
TXT
TXT
VST
VST
Q4 25
9.9%
Q3 25
21.7%
Q2 25
13.7%
Q1 25
-2.8%
Q4 24
3.6%
16.4%
Q3 24
7.4%
59.6%
Q2 24
9.2%
22.5%
Q1 24
2.7%
Net Margin
TXT
TXT
VST
VST
Q4 25
5.6%
4.8%
Q3 25
6.5%
13.6%
Q2 25
6.6%
8.7%
Q1 25
6.3%
-6.3%
Q4 24
3.9%
12.0%
Q3 24
6.5%
43.5%
Q2 24
7.3%
10.1%
Q1 24
-1.1%
EPS (diluted)
TXT
TXT
VST
VST
Q4 25
$0.55
Q3 25
$1.75
Q2 25
$0.81
Q1 25
$1.13
$-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
TXT
TXT
VST
VST
Cash + ST InvestmentsLiquidity on hand
$1.9B
$785.0M
Total DebtLower is stronger
$3.5B
$15.8B
Stockholders' EquityBook value
$7.9B
$5.1B
Total Assets
$18.1B
$41.5B
Debt / EquityLower = less leverage
0.45×
3.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TXT
TXT
VST
VST
Q4 25
$785.0M
Q3 25
$602.0M
Q2 25
$458.0M
Q1 25
$561.0M
Q4 24
$1.2B
Q3 24
$905.0M
Q2 24
$1.6B
Q1 24
$1.1B
Total Debt
TXT
TXT
VST
VST
Q4 25
$15.8B
Q3 25
$15.8B
Q2 25
$15.5B
Q1 25
$15.4B
Q4 24
$15.4B
Q3 24
$13.9B
Q2 24
$13.9B
Q1 24
$14.7B
Stockholders' Equity
TXT
TXT
VST
VST
Q4 25
$5.1B
Q3 25
$7.5B
$5.2B
Q2 25
$7.4B
$4.8B
Q1 25
$7.3B
$4.8B
Q4 24
$7.2B
$5.6B
Q3 24
$7.0B
$5.4B
Q2 24
$6.9B
$5.6B
Q1 24
$5.7B
Total Assets
TXT
TXT
VST
VST
Q4 25
$41.5B
Q3 25
$17.4B
$38.0B
Q2 25
$17.1B
$38.1B
Q1 25
$16.9B
$38.2B
Q4 24
$16.8B
$37.8B
Q3 24
$16.5B
$37.9B
Q2 24
$16.4B
$39.1B
Q1 24
$38.2B
Debt / Equity
TXT
TXT
VST
VST
Q4 25
3.11×
Q3 25
3.02×
Q2 25
3.22×
Q1 25
3.20×
Q4 24
2.77×
Q3 24
2.56×
Q2 24
2.49×
Q1 24
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
TXT
TXT
VST
VST
Operating Cash FlowLast quarter
$1.4B
Free Cash FlowOCF − Capex
$596.0M
FCF MarginFCF / Revenue
12.4%
Capex IntensityCapex / Revenue
4.1%
17.4%
Cash ConversionOCF / Net Profit
6.15×
TTM Free Cash FlowTrailing 4 quarters
$1.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TXT
TXT
VST
VST
Q4 25
$700.0M
$1.4B
Q3 25
$349.0M
$1.5B
Q2 25
$387.0M
$572.0M
Q1 25
$-124.0M
$599.0M
Q4 24
$446.0M
$1.4B
Q3 24
$208.0M
$1.7B
Q2 24
$367.0M
$1.2B
Q1 24
$312.0M
Free Cash Flow
TXT
TXT
VST
VST
Q4 25
$527.0M
$596.0M
Q3 25
$273.0M
$1.0B
Q2 25
$309.0M
$-118.0M
Q1 25
$-180.0M
$-169.0M
Q4 24
$293.0M
$923.0M
Q3 24
$137.0M
$1.0B
Q2 24
$293.0M
$698.0M
Q1 24
$-153.0M
FCF Margin
TXT
TXT
VST
VST
Q4 25
12.6%
12.4%
Q3 25
7.6%
21.1%
Q2 25
8.3%
-3.1%
Q1 25
-5.4%
-4.0%
Q4 24
8.1%
25.2%
Q3 24
4.0%
23.4%
Q2 24
8.3%
19.4%
Q1 24
-4.8%
Capex Intensity
TXT
TXT
VST
VST
Q4 25
4.1%
17.4%
Q3 25
2.1%
9.6%
Q2 25
2.1%
18.4%
Q1 25
1.7%
18.1%
Q4 24
4.2%
11.7%
Q3 24
2.1%
15.8%
Q2 24
2.1%
13.8%
Q1 24
14.7%
Cash Conversion
TXT
TXT
VST
VST
Q4 25
2.98×
6.15×
Q3 25
1.49×
2.25×
Q2 25
1.58×
1.75×
Q1 25
-0.60×
Q4 24
3.16×
3.07×
Q3 24
0.93×
0.90×
Q2 24
1.42×
3.28×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

TXT
TXT

Textron Aviation$1.7B42%
Bell$1.3B30%
Industrial$821.0M20%
Textron Systems$323.0M8%
FINANCE$18.0M0%
Textron eAviation$7.0M0%

VST
VST

Retail Energy Charge In ERCOT$2.1B43%
Retail Energy Charge In Northeast Midwest$1.2B24%
East Segment$1.1B24%
Hedging Revenue Realized$170.0M4%
Revenue From Other Wholesale Contracts$116.0M2%
Transferable Production Tax Credit Revenues$78.0M2%
West Segment$77.0M2%
Intersegment Sales$25.0M1%

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