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VST logoVistra Corp.(VST)Earnings, Financials & Key Ratios

VST•NYSE•Utilities
$160.38
$54.3B mkt cap·72.6× P/E·Price updated May 6, 2026
SectorUtilitiesIndustryIndependent PowerSub-IndustryIntegrated Retail and Generation
AboutVistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across 20 states in the United States and the District of Columbia. The company is also involved in the electricity generation, wholesale energy purchases and sales, commodity risk management, fuel production, and fuel logistics management activities. It serves approximately 4.3 million customers with a generation capacity of approximately 38,700 megawatts with a portfolio of natural gas, nuclear, coal, solar, and battery energy storage facilities. The company was formerly known as Vistra Energy Corp. and changed its name to Vistra Corp. in July 2020. Vistra Corp. was founded in 1882 and is based in Irving, Texas.Show more
  • Revenue$16.97B-12.4%
  • EBITDA$4.29B-51.6%
  • Net Income$944M-64.5%
  • Free Cash Flow$129M+118.1%
  • EBITDA Margin25.25%-44.8%
  • Net Margin5.56%-59.5%
  • ROE17.66%-63.8%
  • Interest Coverage1.95-53.2%
  • Debt/Equity3.99+28.3%
  • Net Debt/EBITDA4.57+150.2%
  • CapEx / Revenue23.22%-14.7%
  • CapEx Coverage1.03+19.4%
Analysis→Technical→

VST Key Insights

Vistra Corp. (VST) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 31.9%
  • ✓Share count reduced 3.6% through buybacks

✗Weaknesses

  • ✗High debt to equity ratio of 4.0x
  • ✗Expensive at 10.7x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

VST Price & Volume

Vistra Corp. (VST) stock price & volume — 10-year historical chart

Loading chart...

VST Growth Metrics

Vistra Corp. (VST) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years12.2%
5 Years8.94%
3 Years-1.64%
TTM-13.66%

Profit CAGR

10 Years-
5 Years8.22%
3 Years-
TTM-64.5%

EPS CAGR

10 Years-
5 Years11.2%
3 Years-
TTM-68.75%

Return on Capital

10 Years7.75%
5 Years10.5%
3 Years15.14%
Last Year4.52%

VST Recent Earnings

Vistra Corp. (VST) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 3/12 qtrs (25%)●Beat Revenue 5/12 qtrs (42%)
Q1 2026Latest
Feb 26, 2026
EPS
$0.54
Est $2.31
-76.5%
Revenue
$4.6B
Est $5.8B
-20.8%
Q4 2025
Nov 6, 2025
EPS
$1.75
Est $2.08
-15.9%
Revenue
$5.0B
Est $6.1B
-18.7%
Q3 2025
Aug 6, 2025
EPS
$0.81
Est $0.88
-7.4%
Revenue
$4.3B
Est $4.7B
-10.4%
Q2 2025
May 8, 2025
EPS
$0.93
Est $0.54
-273.5%
Revenue
$5.2B
Est $4.5B
+13.7%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q1 2026LatestFeb 26, 2026
$0.54vs $2.31-76.5%
$4.6Bvs $5.8B-20.8%
Q4 2025Nov 6, 2025
$1.75vs $2.08-15.9%
$5.0Bvs $6.1B-18.7%
Q3 2025Aug 6, 2025
$0.81vs $0.88-7.4%
$4.3Bvs $4.7B-10.4%
Q2 2025May 8, 2025
$0.93vs $0.54-273.5%
$5.2Bvs $4.5B+13.7%
Based on last 12 quarters of dataView full earnings history →

VST Peer Comparison

Vistra Corp. (VST) competitors in Integrated Retail and Generation — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
NRG logoNRGNRG Energy, Inc.Direct Competitor29.97B157.4338.499.17%2.81%51.4%2.56%9.89
CEG logoCEGConstellation Energy CorporationDirect Competitor100.08B320.4243.308.34%9.08%15.61%1.29%0.61
GEN logoGENGen Digital Inc.Direct Competitor12.16B19.7119.143.55%12.76%25.86%9.92%3.66
DYN logoDYNDyne Therapeutics, Inc.Direct Competitor2.88B17.47-5.03-61.46%0.02
AES logoAESThe AES CorporationDirect Competitor10.25B14.3711.40-0.37%8.42%10.65%2.54
TE logoTET1 Energy IncDirect Competitor902.01M5.35-1.67-243.61%-249.07%3.01
CLNE logoCLNEClean Energy Fuels Corp.Direct Competitor519.82M2.37-2.352.16%-52.22%-39.29%0.18
NEE logoNEENextEra Energy, Inc.Product Competitor200.77B96.2829.2611%29.3%12.66%1.44

Compare VST vs Peers

Vistra Corp. (VST) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs NRG

Most directly comparable listed peer for VST.

Scale Benchmark

vs GE

Larger-name benchmark to compare VST against a more recognizable public peer.

Peer Set

Compare Top 5

vs NRG, CEG, GEN, DYN

VST Income Statement

Vistra Corp. (VST) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Revenue5.38B10.05B11.5B11.06B13.33B17.84B15.54B19.38B16.97B
Revenue Growth %2.32%86.78%14.46%-3.83%20.53%33.78%-12.86%24.67%-12.41%
Cost of Revenue4.62B7.8B8.94B8.56B13.27B14.02B10.37B11.68B14B
Gross Profit
761M▲ 0%
2.24B▲ 194.9%
2.56B▲ 14.0%
2.5B▼ 2.3%
60M▼ 97.6%
3.81B▲ 6256.7%
5.17B▲ 35.6%
7.69B▲ 48.8%
2.97B▼ 61.3%
Gross Margin %14.14%22.33%22.25%22.61%0.45%21.38%33.27%39.7%17.52%
Gross Profit Growth %-17.1%194.88%14.04%-2.27%-97.6%6256.67%35.58%48.77%-61.34%
Operating Expenses600M891M900M1.02B1.05B1.18B1.26B1.47B1.64B
Other Operating Expenses---------
EBITDA996M2.95B3.47B3.46B988M4.63B5.78B8.86B4.29B
EBITDA Margin %18.51%29.39%30.17%31.27%7.41%25.97%37.19%45.72%25.25%
EBITDA Growth %-8.46%196.49%17.51%-0.32%-71.44%368.83%24.78%53.27%-51.63%
Depreciation & Amortization835M1.6B1.81B1.98B1.98B1.99B1.87B2.63B2.95B
D&A / Revenue %15.52%15.92%15.75%17.87%14.82%11.18%12.01%13.58%17.38%
Operating Income (EBIT)
161M▲ 0%
1.35B▲ 740.4%
1.66B▲ 22.6%
1.48B▼ 10.7%
-988M▼ 166.7%
2.64B▲ 367.0%
3.91B▲ 48.3%
6.23B▲ 59.2%
1.33B▼ 78.6%
Operating Margin %2.99%13.46%14.42%13.4%-7.41%14.79%25.18%32.14%7.87%
Operating Income Growth %-40.59%740.37%22.62%-10.67%-166.67%367%48.33%59.16%-78.56%
Interest Expense224M529M381M296M598M853M749M1.09B1.18B
Interest Coverage2.12x0.81x4.19x4.01x-1.88x-0.83x3.67x4.17x1.95x
Interest / Revenue %4.16%5.26%3.31%2.68%4.49%4.78%4.82%5.65%6.95%
Non-Operating Income1000K-1000K-1000K-1000K-1000K-1000K-1000K-1000K-1000K
Pretax Income
250M▲ 0%
-101M▼ 140.4%
1.22B▲ 1304.0%
890M▼ 26.8%
-1.72B▼ 293.5%
-1.56B▲ 9.4%
2B▲ 228.2%
3.47B▲ 73.4%
1.12B▼ 67.6%
Pretax Margin %4.65%-1.01%10.57%8.05%-12.92%-8.75%12.87%17.89%6.62%
Income Tax504M-45M290M266M-458M-350M508M655M179M
Effective Tax Rate %201.6%44.55%23.85%29.89%26.6%22.44%25.4%18.89%15.94%
Net Income
-254M▲ 0%
-54M▲ 78.7%
928M▲ 1818.5%
636M▼ 31.5%
-1.27B▼ 300.3%
-1.23B▲ 3.7%
1.49B▲ 221.7%
2.66B▲ 78.1%
944M▼ 64.5%
Net Margin %-4.72%-0.54%8.07%5.75%-9.56%-6.88%9.61%13.72%5.56%
Net Income Growth %-101.12%78.74%1818.52%-31.47%-300.31%3.69%221.68%78.1%-64.5%
EPS (Diluted)
-0.59▲ 0%
-0.11▲ 81.4%
1.86▲ 1790.9%
1.30▼ 30.1%
-2.62▼ 301.5%
-3.26▼ 24.4%
3.58▲ 209.8%
7.00▲ 95.5%
2.21▼ 68.4%
EPS Growth %-101.11%81.36%1790.91%-30.11%-301.54%-24.43%209.82%95.53%-68.43%
EPS (Basic)-0.59-0.111.881.30-2.62-3.263.637.162.21
Diluted Shares Outstanding427.76M504.95M499.94M491.09M482.21M422.45M375.19M352.57M339.8M

VST Balance Sheet

Vistra Corp. (VST) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Assets14.6B26.02B26.62B25.21B29.68B32.79B32.97B37.77B41.55B
Asset Growth %-3.74%78.25%2.27%-5.29%17.75%10.46%0.55%14.57%10.01%
PP&E (Net)4.82B14.62B13.96B13.54B13.1B12.61B12.43B18.17B19.94B
PP&E / Total Assets %33.04%56.16%52.45%53.73%44.12%38.45%37.71%48.11%48%
Total Current Assets2.67B3.44B4.11B3.43B7.88B11.12B11.64B8.12B9.18B
Cash & Equivalents1.49B636M300M406M1.32B455M3.48B1.19B816M
Receivables1000K1000K1000K1000K1000K1000K1000K1000K1000K
Inventory253M412M469M515M610M570M740M970M1.02B
Other Current Assets279M1.15B1.68B1.02B3.8B8.01B5.73B3.97B5.02B
Long-Term Investments1.24B1.38B1.66B1.76B2.05B1.73B2.04B4.51B5.5B
Goodwill1.91B2.07B2.55B2.58B2.58B2.58B2.58B2.81B2.81B
Intangible Assets2.53B2.49B2.75B2.44B2.15B1.96B1.86B2.21B2.44B
Other Assets720M699M516M609M624M1.09B1.19B1.94B1.44B
Total Liabilities8.26B18.16B18.66B16.85B21.39B27.87B27.64B32.19B36.44B
Total Debt4.42B11.4B11.31B9.88B11.01B13.34B14.68B17.36B20.39B
Net Debt2.94B10.77B11.01B9.48B9.68B12.88B11.2B16.18B19.58B
Long-Term Debt4.38B10.87B10.1B9.23B10.48B11.93B12.12B15.42B15.84B
Short-Term Borrowings44M530M1.08B395M254M1.11B2.29B1.63B4.24B
Capital Lease Obligations00133M254M278M290M282M316M310M
Total Current Liabilities1.35B3.63B4.57B3.04B5.84B10.34B9.82B8.43B11.81B
Accounts Payable473M945M947M880M1.51B1.56B1.15B1.51B1.64B
Accrued Expenses16M77M151M131M143M160M206M193M0
Deferred Revenue4M4M0000000
Other Current Liabilities620M1.88B2.18B1.4B3.72B7.3B5.97B4.89B5.93B
Deferred Taxes01000K1000K1000K1000K1000K1000K1000K1000K
Other Liabilities2.53B3.64B3.85B4.32B4.79B5.3B5.43B7.32B7.42B
Total Equity
6.34B▲ 0%
7.87B▲ 24.0%
7.96B▲ 1.2%
8.36B▲ 5.0%
8.29B▼ 0.8%
4.92B▼ 40.7%
5.32B▲ 8.2%
5.58B▲ 4.9%
5.11B▼ 8.5%
Equity Growth %-3.87%24.05%1.18%5.04%-0.83%-40.69%8.21%4.9%-8.47%
Shareholders Equity6.34B7.86B7.96B8.37B8.29B4.9B5.31B5.57B5.11B
Minority Interest04M1M-10M1M16M15M13M13M
Common Stock4M5M5M5M5M5M5M5M5M
Additional Paid-in Capital7.76B10.11B9.72B9.79B9.82B9.93B10.1B9.44B9.54B
Retained Earnings-1.41B-1.45B-764M-399M-1.96B-3.64B-2.61B-454M-12M
Accumulated OCI-17M-22M-30M-48M-16M7M6M20M17M
Return on Assets (ROA)-1.71%-0.27%3.53%2.45%-4.64%-3.93%4.54%7.52%2.38%
Return on Equity (ROE)-3.93%-0.76%11.73%7.79%-15.3%-18.58%29.16%48.77%17.66%
Debt / Equity0.70x1.45x1.42x1.18x1.33x2.71x2.76x3.11x3.99x
Debt / Assets30.29%43.82%42.5%39.21%37.09%40.67%44.54%45.97%49.09%
Net Debt / EBITDA2.95x3.65x3.17x2.74x9.80x2.78x1.94x1.83x4.57x
Book Value per Share14.8315.5815.9217.0317.211.6414.1815.8415.04

VST Cash Flow Statement

Vistra Corp. (VST) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations1.39B1.47B2.74B3.34B-206M485M5.45B4.56B4.07B
Operating CF Growth %982.8%6.13%86%21.97%-106.17%335.44%1024.33%-16.32%-10.8%
Operating CF / Revenue %25.76%14.64%23.79%30.17%-1.55%2.72%35.08%23.55%23.98%
Net Income-254M-56M926M624M-1.26B-1.21B1.49B2.81B944M
Depreciation & Amortization835M1.53B1.88B2.05B2.05B2.05B1.96B2.63B2.95B
Deferred Taxes205M17M318M225M-528M-231M621M612M136M
Other Non-Cash Items321M384M-524M329M792M2.39B-282M-1.18B1.11B
Working Capital Changes279M-480M93M46M-1.3B-2.58B1.59B-416M-1.18B
Capital Expenditures-531M-496M-1.72B-1.26B-1.03B-1.3B-1.68B-5.28B-3.94B
CapEx / Revenue %1.15%1.17%14.93%11.38%7.75%7.29%10.78%27.23%23.22%
CapEx / D&A0.07x0.08x0.92x0.61x0.50x0.64x0.86x2.01x1.34x
CapEx Coverage (OCF/CapEx)22.35x12.47x1.59x2.65x-0.20x0.37x3.25x0.86x1.03x
Cash from Investing-541M-101M-1.72B-1.57B-1.15B-1.24B-2.15B-5.28B-4.4B
Acquisitions-355M445M-880M0000-3.06B-746M
Purchase of Investments-272M-274M-453M-455M-505M-693M-624M-2.24B-5.18B
Sale of Investments252M252M431M433M483M670M601M2.22B5.15B
Other Investing-290M-406M-726M-291M-98M85M-446M-110M315M
Cash from Financing-201M-2.72B-1.24B-1.8B2.27B-80M-294M-1.6B-74M
Dividends Paid-1.5B0-243M-266M-290M-453M-463M-478M-498M
Dividend Payout Ratio %--26.19%41.82%--20.96%11.47%32.42%
Debt Issuance (Net)-1000K-1000K-1000K-1000K1000K1000K1000K1000K1000K
Stock Issued000000000
Share Repurchases0-763M-656M0-471M-1.95B-1.25B-1.27B-1.03B
Other Financing-10M-224M-86M-172M-334M425M-401M-1.39B-722M
Net Change in Cash
644M▲ 0%
-1.35B▼ 310.1%
-218M▲ 83.9%
-31M▲ 85.8%
915M▲ 3051.6%
-834M▼ 191.1%
3.01B▲ 461.4%
-2.32B▼ 176.9%
-400M▲ 82.7%
Exchange Rate Effect000000000
Cash at Beginning843M2.05B693M475M444M1.36B525M3.54B1.22B
Cash at End1.49B693M475M444M1.36B525M3.54B1.22B822M
Free Cash Flow
855M▲ 0%
975M▲ 14.0%
1.02B▲ 4.5%
2.08B▲ 103.9%
-1.24B▼ 159.6%
-816M▲ 34.1%
3.78B▲ 562.9%
-713M▼ 118.9%
129M▲ 118.1%
FCF Growth %152.71%14.04%4.51%103.93%-159.62%34.14%562.87%-118.88%118.09%
FCF Margin %15.89%9.7%8.86%18.79%-9.29%-4.57%24.3%-3.68%0.76%
FCF / Net Income %-336.61%-1805.56%109.81%326.73%97.25%66.5%252.98%-26.81%13.67%

VST Key Ratios

Vistra Corp. (VST) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)343.91%-3.93%-0.76%11.73%7.79%-15.3%-18.58%29.16%48.77%17.66%
EBITDA Margin20.69%18.51%29.39%30.17%31.27%7.41%25.97%37.19%45.72%25.25%
Net Debt / EBITDA3.47x2.95x3.65x3.17x2.74x9.80x2.78x1.94x1.83x4.57x
Interest Coverage20.45x2.12x0.81x4.19x4.01x-1.88x-0.83x3.67x4.17x1.95x
CapEx / Revenue27.86%1.15%1.17%14.93%11.38%7.75%7.29%10.78%27.23%23.22%
Dividend Payout Ratio4.37%--26.19%41.82%--20.96%11.47%32.42%
Debt / Equity0.70x0.70x1.45x1.42x1.18x1.33x2.71x2.76x3.11x3.99x
EPS Growth585.01%-101.11%81.36%1790.91%-30.11%-301.54%-24.43%209.82%95.53%-68.43%

VST SEC Filings & Documents

Vistra Corp. (VST) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 4, 2026·SEC

Material company update

Apr 28, 2026·SEC

Material company update

Feb 26, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 27, 2026·SEC

FY 2025

Feb 28, 2025·SEC

10-Q Quarterly Reports

5
FY 2025

Nov 7, 2025·SEC

FY 2025

Aug 8, 2025·SEC

FY 2025

May 8, 2025·SEC

VST Frequently Asked Questions

Vistra Corp. (VST) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Vistra Corp. (VST) reported $16.73B in revenue for fiscal year 2025. This represents a 197% increase from $5.64B in 2012.

Vistra Corp. (VST) saw revenue decline by 12.4% over the past year.

Yes, Vistra Corp. (VST) is profitable, generating $944.0M in net income for fiscal year 2025 (5.6% net margin).

Dividend & Returns

Yes, Vistra Corp. (VST) pays a dividend with a yield of 0.56%. This makes it attractive for income-focused investors.

Vistra Corp. (VST) has a return on equity (ROE) of 17.7%. This is reasonable for most industries.

Vistra Corp. (VST) generated $640.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics

Vistra Corp. (VST) has a dividend payout ratio of 32%. This suggests the dividend is well-covered and sustainable.

Explore More VST

Vistra Corp. (VST) financial analysis — history, returns, DCA and operating performance tools

Full VST Stock Analysis

Analyst verdict, bull/bear case, risk factors and peer comparison

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Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

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