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Side-by-side financial comparison of Vistra Corp. (VST) and Block, Inc. (XYZ). Click either name above to swap in a different company.
Block, Inc. is the larger business by last-quarter revenue ($6.3B vs $4.8B, roughly 1.3× Vistra Corp.). Vistra Corp. runs the higher net margin — 4.8% vs 1.9%, a 3.0% 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 $579.8M). Over the past eight quarters, Vistra Corp.'s revenue compounded faster (23.3% CAGR vs 2.4%).
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
Block, Inc. is an American technology company and a financial services provider for consumers and merchants. Founded in 2009 by Jack Dorsey, it is the U.S. market leader in point-of-sale systems. As of 2024, Block serves 57 million users and 4 million sellers, processing $241 billion in payments annually.
VST vs XYZ — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.8B | $6.3B |
| Net Profit | $233.0M | $115.8M |
| Gross Margin | — | 45.9% |
| Operating Margin | 9.9% | 7.8% |
| Net Margin | 4.8% | 1.9% |
| Revenue YoY | 31.2% | 3.6% |
| Net Profit YoY | -47.2% | -94.1% |
| EPS (diluted) | $0.55 | $0.19 |
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 | $4.8B | $6.3B | ||
| Q3 25 | $4.8B | $6.1B | ||
| Q2 25 | $3.8B | $6.1B | ||
| Q1 25 | $4.3B | $5.8B | ||
| Q4 24 | $3.7B | $6.0B | ||
| Q3 24 | $4.3B | $6.0B | ||
| Q2 24 | $3.6B | $6.2B | ||
| Q1 24 | $3.2B | $6.0B |
| Q4 25 | $233.0M | $115.8M | ||
| Q3 25 | $652.0M | $461.5M | ||
| Q2 25 | $327.0M | $538.5M | ||
| Q1 25 | $-268.0M | $189.9M | ||
| Q4 24 | $441.0M | $1.9B | ||
| Q3 24 | $1.9B | $283.8M | ||
| Q2 24 | $365.0M | $195.3M | ||
| Q1 24 | $-35.0M | $472.0M |
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 43.5% | ||
| Q2 25 | — | 41.9% | ||
| Q1 25 | — | 39.7% | ||
| Q4 24 | — | 38.3% | ||
| Q3 24 | — | 37.6% | ||
| Q2 24 | — | 36.3% | ||
| Q1 24 | — | 35.2% |
| Q4 25 | 9.9% | 7.8% | ||
| Q3 25 | 21.7% | 6.7% | ||
| Q2 25 | 13.7% | 8.0% | ||
| Q1 25 | -2.8% | 5.7% | ||
| Q4 24 | 16.4% | 0.2% | ||
| Q3 24 | 59.6% | 5.4% | ||
| Q2 24 | 22.5% | 5.0% | ||
| Q1 24 | 2.7% | 4.2% |
| Q4 25 | 4.8% | 1.9% | ||
| Q3 25 | 13.6% | 7.5% | ||
| Q2 25 | 8.7% | 8.9% | ||
| Q1 25 | -6.3% | 3.3% | ||
| Q4 24 | 12.0% | 32.3% | ||
| Q3 24 | 43.5% | 4.7% | ||
| Q2 24 | 10.1% | 3.2% | ||
| Q1 24 | -1.1% | 7.9% |
| Q4 25 | $0.55 | $0.19 | ||
| Q3 25 | $1.75 | $0.74 | ||
| Q2 25 | $0.81 | $0.87 | ||
| Q1 25 | $-0.93 | $0.30 | ||
| Q4 24 | $1.09 | $3.06 | ||
| Q3 24 | $5.25 | $0.45 | ||
| Q2 24 | $0.90 | $0.31 | ||
| Q1 24 | $-0.24 | $0.74 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $785.0M | $6.6B |
| Total DebtLower is stronger | $15.8B | — |
| Stockholders' EquityBook value | $5.1B | $22.2B |
| Total Assets | $41.5B | $39.5B |
| Debt / EquityLower = less leverage | 3.11× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $785.0M | $6.6B | ||
| Q3 25 | $602.0M | $8.3B | ||
| Q2 25 | $458.0M | $6.4B | ||
| Q1 25 | $561.0M | $7.1B | ||
| Q4 24 | $1.2B | $8.1B | ||
| Q3 24 | $905.0M | $8.3B | ||
| Q2 24 | $1.6B | $7.8B | ||
| Q1 24 | $1.1B | $5.8B |
| Q4 25 | $15.8B | — | ||
| Q3 25 | $15.8B | $7.3B | ||
| Q2 25 | $15.5B | $5.1B | ||
| Q1 25 | $15.4B | $5.1B | ||
| Q4 24 | $15.4B | $6.1B | ||
| Q3 24 | $13.9B | $6.1B | ||
| Q2 24 | $13.9B | $6.1B | ||
| Q1 24 | $14.7B | $4.1B |
| Q4 25 | $5.1B | $22.2B | ||
| Q3 25 | $5.2B | $22.5B | ||
| Q2 25 | $4.8B | $22.2B | ||
| Q1 25 | $4.8B | $21.5B | ||
| Q4 24 | $5.6B | $21.3B | ||
| Q3 24 | $5.4B | $19.9B | ||
| Q2 24 | $5.6B | $19.3B | ||
| Q1 24 | $5.7B | $19.0B |
| Q4 25 | $41.5B | $39.5B | ||
| Q3 25 | $38.0B | $39.2B | ||
| Q2 25 | $38.1B | $36.9B | ||
| Q1 25 | $38.2B | $36.4B | ||
| Q4 24 | $37.8B | $36.8B | ||
| Q3 24 | $37.9B | $36.4B | ||
| Q2 24 | $39.1B | $37.5B | ||
| Q1 24 | $38.2B | $35.6B |
| Q4 25 | 3.11× | — | ||
| Q3 25 | 3.02× | 0.32× | ||
| Q2 25 | 3.22× | 0.23× | ||
| Q1 25 | 3.20× | 0.24× | ||
| Q4 24 | 2.77× | 0.29× | ||
| Q3 24 | 2.56× | 0.31× | ||
| Q2 24 | 2.49× | 0.32× | ||
| Q1 24 | 2.60× | 0.22× |
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 | $621.0M |
| Free Cash FlowOCF − Capex | $596.0M | $579.8M |
| FCF MarginFCF / Revenue | 12.4% | 9.3% |
| Capex IntensityCapex / Revenue | 17.4% | 0.7% |
| Cash ConversionOCF / Net Profit | 6.15× | 5.36× |
| TTM Free Cash FlowTrailing 4 quarters | $1.3B | $2.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | $621.0M | ||
| Q3 25 | $1.5B | $1.5B | ||
| Q2 25 | $572.0M | $374.3M | ||
| Q1 25 | $599.0M | $133.3M | ||
| Q4 24 | $1.4B | $13.8M | ||
| Q3 24 | $1.7B | $684.8M | ||
| Q2 24 | $1.2B | $519.4M | ||
| Q1 24 | $312.0M | $489.4M |
| Q4 25 | $596.0M | $579.8M | ||
| Q3 25 | $1.0B | $1.4B | ||
| Q2 25 | $-118.0M | $343.0M | ||
| Q1 25 | $-169.0M | $101.5M | ||
| Q4 24 | $923.0M | $-13.2M | ||
| Q3 24 | $1.0B | $628.2M | ||
| Q2 24 | $698.0M | $481.0M | ||
| Q1 24 | $-153.0M | $457.4M |
| Q4 25 | 12.4% | 9.3% | ||
| Q3 25 | 21.1% | 22.9% | ||
| Q2 25 | -3.1% | 5.7% | ||
| Q1 25 | -4.0% | 1.8% | ||
| Q4 24 | 25.2% | -0.2% | ||
| Q3 24 | 23.4% | 10.5% | ||
| Q2 24 | 19.4% | 7.8% | ||
| Q1 24 | -4.8% | 7.7% |
| Q4 25 | 17.4% | 0.7% | ||
| Q3 25 | 9.6% | 0.8% | ||
| Q2 25 | 18.4% | 0.5% | ||
| Q1 25 | 18.1% | 0.6% | ||
| Q4 24 | 11.7% | 0.4% | ||
| Q3 24 | 15.8% | 0.9% | ||
| Q2 24 | 13.8% | 0.6% | ||
| Q1 24 | 14.7% | 0.5% |
| Q4 25 | 6.15× | 5.36× | ||
| Q3 25 | 2.25× | 3.14× | ||
| Q2 25 | 1.75× | 0.70× | ||
| Q1 25 | — | 0.70× | ||
| Q4 24 | 3.07× | 0.01× | ||
| Q3 24 | 0.90× | 2.41× | ||
| Q2 24 | 3.28× | 2.66× | ||
| Q1 24 | — | 1.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
XYZ
| US | $5.7B | 91% |
| Non Us | $560.9M | 9% |
