Independent Power Producers
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TLN vs VST
Revenue, margins, valuation, and 5-year total return — side by side.
Independent Power Producers
TLN vs VST — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Independent Power Producers | Independent Power Producers |
| Market Cap | $18.73B | $53.59B |
| Revenue (TTM) | $3.02B | $16.73B |
| Net Income (TTM) | $-21M | $944M |
| Gross Margin | 35.2% | 15.9% |
| Operating Margin | 8.1% | 5.8% |
| Forward P/E | 18.6x | 18.4x |
| Total Debt | $6.81B | $20.39B |
| Cash & Equiv. | $752M | $816M |
TLN vs VST — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Jun 23 | May 26 | Return |
|---|---|---|---|
| Talen Energy Corpor… (TLN) | 100 | 817.5 | +717.5% |
| Vistra Corp. (VST) | 100 | 603.0 | +503.0% |
Price return only. Dividends and distributions are not included.
Quick Verdict: TLN vs VST
Each card shows where this stock fits in a portfolio — not just who wins on paper.
TLN is the clearest fit if your priority is income & stability and growth exposure.
- Dividend streak 1 yrs, beta 1.53
- Rev growth 21.8%, EPS growth -127.1%, 3Y rev CAGR 1.5%
- Lower volatility, beta 1.53, current ratio 1.28x
VST carries the broadest edge in this set and is the clearest fit for long-term compounding.
- 9.7% 10Y total return vs TLN's 7.8%
- Lower P/E (18.4x vs 18.6x)
- 5.6% margin vs TLN's -0.7%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 21.8% revenue growth vs VST's -12.4% | |
| Value | Lower P/E (18.4x vs 18.6x) | |
| Quality / Margins | 5.6% margin vs TLN's -0.7% | |
| Stability / Safety | Beta 1.53 vs VST's 1.56 | |
| Dividends | 0.6% yield; 6-year raise streak; the other pay no meaningful dividend | |
| Momentum (1Y) | +74.7% vs VST's +9.9% | |
| Efficiency (ROA) | 2.4% ROA vs TLN's -0.2%, ROIC 4.3% vs -0.9% |
TLN vs VST — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
TLN vs VST — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
TLN leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
VST is the larger business by revenue, generating $16.7B annually — 5.5x TLN's $3.0B. VST is the more profitable business, keeping 5.6% of every revenue dollar as net income compared to TLN's -0.7%. On growth, TLN holds the edge at +78.9% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $3.0B | $16.7B |
| EBITDAEarnings before interest/tax | $396M | $4.0B |
| Net IncomeAfter-tax profit | -$21M | $944M |
| Free Cash FlowCash after capex | -$2.8B | $640M |
| Gross MarginGross profit ÷ Revenue | +35.2% | +15.9% |
| Operating MarginEBIT ÷ Revenue | +8.1% | +5.8% |
| Net MarginNet income ÷ Revenue | -0.7% | +5.6% |
| FCF MarginFCF ÷ Revenue | -93.4% | +3.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | +78.9% | -68.2% |
| EPS Growth (YoY)Latest quarter vs prior year | +145.2% | -51.3% |
Valuation Metrics
VST leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
On an enterprise value basis, VST's 17.1x EV/EBITDA is more attractive than TLN's 119.2x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $18.7B | $53.6B |
| Enterprise ValueMkt cap + debt − cash | $24.8B | $73.2B |
| Trailing P/EPrice ÷ TTM EPS | -85.59x | 71.62x |
| Forward P/EPrice ÷ next-FY EPS est. | 18.64x | 18.45x |
| PEG RatioP/E ÷ EPS growth rate | — | 6.40x |
| EV / EBITDAEnterprise value multiple | 119.20x | 17.08x |
| Price / SalesMarket cap ÷ Revenue | 7.42x | 3.16x |
| Price / BookPrice ÷ Book value/share | 17.14x | 10.53x |
| Price / FCFMarket cap ÷ FCF | — | 415.42x |
Profitability & Efficiency
VST leads this category, winning 6 of 8 comparable metrics.
Profitability & Efficiency
VST delivers a 18.9% return on equity — every $100 of shareholder capital generates $19 in annual profit, vs $-2 for TLN. VST carries lower financial leverage with a 3.99x debt-to-equity ratio, signaling a more conservative balance sheet compared to TLN's 6.23x.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -1.7% | +18.9% |
| ROA (TTM)Return on assets | -0.2% | +2.4% |
| ROICReturn on invested capital | -0.9% | +4.3% |
| ROCEReturn on capital employed | -0.9% | +4.5% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 4 |
| Debt / EquityFinancial leverage | 6.23x | 3.99x |
| Net DebtTotal debt minus cash | $6.1B | $19.6B |
| Cash & Equiv.Liquid assets | $752M | $816M |
| Total DebtShort + long-term debt | $6.8B | $20.4B |
| Interest CoverageEBIT ÷ Interest expense | 0.45x | 1.95x |
Total Returns (Dividends Reinvested)
TLN leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in VST five years ago would be worth $101,051 today (with dividends reinvested), compared to $88,170 for TLN. Over the past 12 months, TLN leads with a +74.7% total return vs VST's +9.9%. The 3-year compound annual growth rate (CAGR) favors TLN at 106.6% vs VST's 90.2% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +3.3% | -4.1% |
| 1-Year ReturnPast 12 months | +74.7% | +9.9% |
| 3-Year ReturnCumulative with dividends | +781.7% | +588.3% |
| 5-Year ReturnCumulative with dividends | +781.7% | +910.5% |
| 10-Year ReturnCumulative with dividends | +781.7% | +969.7% |
| CAGR (3Y)Annualised 3-year return | +106.6% | +90.2% |
Risk & Volatility
TLN leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
TLN is the less volatile stock with a 1.53 beta — it tends to amplify market swings less than VST's 1.56 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. TLN currently trades 90.9% from its 52-week high vs VST's 72.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.53x | 1.56x |
| 52-Week HighHighest price in past year | $451.28 | $219.82 |
| 52-Week LowLowest price in past year | $220.59 | $133.73 |
| % of 52W HighCurrent price vs 52-week peak | +90.9% | +72.0% |
| RSI (14)Momentum oscillator 0–100 | 63.6 | 51.7 |
| Avg Volume (50D)Average daily shares traded | 713K | 4.1M |
Analyst Outlook
VST leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates TLN as "Buy" and VST as "Buy". Consensus price targets imply 43.8% upside for VST (target: $228) vs 16.1% for TLN (target: $476). VST is the only dividend payer here at 0.57% yield — a key consideration for income-focused portfolios.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $475.80 | $227.60 |
| # AnalystsCovering analysts | 12 | 21 |
| Dividend YieldAnnual dividend ÷ price | — | +0.6% |
| Dividend StreakConsecutive years of raises | 1 | 6 |
| Dividend / ShareAnnual DPS | — | $0.90 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.5% | +1.9% |
TLN leads in 3 of 6 categories (Income & Cash Flow, Total Returns). VST leads in 3 (Valuation Metrics, Profitability & Efficiency).
TLN vs VST: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is TLN or VST a better buy right now?
For growth investors, Talen Energy Corporation (TLN) is the stronger pick with 21.
8% revenue growth year-over-year, versus -12. 4% for Vistra Corp. (VST). Vistra Corp. (VST) offers the better valuation at 71. 6x trailing P/E (18. 4x forward), making it the more compelling value choice. Analysts rate Talen Energy Corporation (TLN) a "Buy" — based on 12 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — TLN or VST?
On forward P/E, Vistra Corp.
is actually cheaper at 18. 4x.
03Which is the better long-term investment — TLN or VST?
Over the past 5 years, Vistra Corp.
(VST) delivered a total return of +910. 5%, compared to +781. 7% for Talen Energy Corporation (TLN). Over 10 years, the gap is even starker: VST returned +969. 7% versus TLN's +781. 7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — TLN or VST?
By beta (market sensitivity over 5 years), Talen Energy Corporation (TLN) is the lower-risk stock at 1.
53β versus Vistra Corp. 's 1. 56β — meaning VST is approximately 2% more volatile than TLN relative to the S&P 500. On balance sheet safety, Vistra Corp. (VST) carries a lower debt/equity ratio of 4% versus 6% for Talen Energy Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — TLN or VST?
By revenue growth (latest reported year), Talen Energy Corporation (TLN) is pulling ahead at 21.
8% versus -12. 4% for Vistra Corp. (VST). On earnings-per-share growth, the picture is similar: Vistra Corp. grew EPS -68. 4% year-over-year, compared to -127. 1% for Talen Energy Corporation. Over a 3-year CAGR, TLN leads at 1. 5% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — TLN or VST?
Vistra Corp.
(VST) is the more profitable company, earning 5. 6% net margin versus -8. 7% for Talen Energy Corporation — meaning it keeps 5. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: VST leads at 7. 9% versus -2. 8% for TLN. At the gross margin level — before operating expenses — TLN leads at 49. 7%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is TLN or VST more undervalued right now?
On forward earnings alone, Vistra Corp.
(VST) trades at 18. 4x forward P/E versus 18. 6x for Talen Energy Corporation — 0. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for VST: 43. 8% to $227. 60.
08Which pays a better dividend — TLN or VST?
In this comparison, VST (0.
6% yield) pays a dividend. TLN does not pay a meaningful dividend and should not be held primarily for income.
09Is TLN or VST better for a retirement portfolio?
For long-horizon retirement investors, Vistra Corp.
(VST) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (0. 6% yield, +969. 7% 10Y return). Talen Energy Corporation (TLN) carries a higher beta of 1. 53 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (VST: +969. 7%, TLN: +781. 7%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between TLN and VST?
Both stocks operate in the Utilities sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: TLN is a mid-cap high-growth stock; VST is a mid-cap quality compounder stock. VST pays a dividend while TLN does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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