Vistra Corp. (VST) Financial Ratios
14 years of historical data (2012–2025) · Utilities · Independent Power Producers
EV/EBITDA
↓
17.24
↑+57% vs avg
5yr avg: 10.99
30Y Low4.4·High20.9
P/FCF
↑
420.90
↑+96% vs avg
5yr avg: 214.39
30Y Low3.8·High11.9
P/B Ratio
↑
10.66
↑+109% vs avg
5yr avg: 5.09
30Y Low1.0·High10.7
ROE
↑
17.7%
↓+43% vs avg
5yr avg: 12.3%
30Y Low-19%·High344%
Debt/EBITDA
↓
4.76
+2% vs avg
5yr avg: 4.66
30Y Low1.1·High23.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
VST Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Vistra Corp. trades at 72.6x earnings, 110% above its 5-year average of 34.5x, sitting at the 83rd percentile of its historical range. Compared to the Utilities sector median P/E of 20.1x, the stock trades at a premium of 262%. On a free-cash-flow basis, the stock trades at 420.9x P/FCF, 96% above the 5-year average of 214.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $54.3B | $54.8B | $48.6B | $14.5B | $9.8B | $11.0B | $9.7B | $11.5B | $11.6B | $7.8B | $6.6B |
| Enterprise Value | $73.9B | $74.4B | $64.8B | $25.7B | $22.7B | $20.7B | $19.1B | $22.5B | $22.3B | $10.8B | $10.4B |
| P/E Ratio → | 72.57 | 73.00 | 19.70 | 10.76 | — | — | 15.12 | 12.36 | — | — | 0.29 |
| P/S Ratio | 3.20 | 3.23 | 2.51 | 0.93 | 0.55 | 0.82 | 0.87 | 1.00 | 1.15 | 1.46 | 1.26 |
| P/B Ratio | 10.66 | 10.73 | 8.71 | 2.72 | 1.99 | 1.32 | 1.15 | 1.44 | 1.47 | 1.24 | 1.00 |
| P/FCF | 420.90 | 424.96 | — | 3.83 | — | — | 4.65 | 11.28 | 11.85 | 9.17 | — |
| P/OCF | 13.34 | 13.47 | 10.65 | 2.65 | 20.21 | — | 2.89 | 4.20 | 7.86 | 5.65 | — |
P/E links to full P/E history page with 30-year chart
VST EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Vistra Corp.'s enterprise value stands at 17.2x EBITDA, 57% above its 5-year average of 11.0x. The Utilities sector median is 11.4x, placing the stock at a 52% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.38 | 3.34 | 1.65 | 1.27 | 1.55 | 1.73 | 1.96 | 2.22 | 2.00 | 1.98 |
| EV / EBITDA | 17.24 | 17.36 | 7.31 | 4.44 | 4.90 | 20.92 | 5.53 | 6.49 | 7.56 | 10.82 | 9.57 |
| EV / EBIT | 55.34 | 32.32 | 14.20 | 9.33 | — | — | 16.13 | 14.09 | 52.16 | 22.73 | 0.46 |
| EV / FCF | — | 576.74 | — | 6.79 | — | — | 9.21 | 22.09 | 22.90 | 12.60 | — |
VST Profitability
Margins and return-on-capital ratios measuring operating efficiency
Vistra Corp. earns an operating margin of 7.9%, below the Utilities sector average of 19.9%. Operating margins have compressed from 25.2% to 7.9% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 17.7% indicates solid capital efficiency, compared to the sector median of 9.4%. ROIC of 4.3% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 17.5% | 17.5% | 39.7% | 33.3% | 21.4% | 0.4% | 22.6% | 22.2% | 22.3% | 14.1% | 17.5% |
| Operating Margin | 7.9% | 7.9% | 32.1% | 25.2% | 14.8% | -7.4% | 13.4% | 14.4% | 13.5% | 3.0% | 5.2% |
| Net Profit Margin | 5.6% | 5.6% | 13.7% | 9.6% | -6.9% | -9.6% | 5.7% | 8.1% | -0.5% | -4.7% | 431.5% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.7% | 17.7% | 48.8% | 29.2% | -18.6% | -15.3% | 7.8% | 11.7% | -0.8% | -3.9% | 343.9% |
| ROA | 2.4% | 2.4% | 7.5% | 4.5% | -3.9% | -4.6% | 2.5% | 3.5% | -0.3% | -1.7% | 147.2% |
| ROIC | 4.3% | 4.3% | 24.4% | 17.1% | 11.1% | -4.1% | 6.0% | 6.6% | 7.3% | 1.2% | 2.0% |
| ROCE | 4.5% | 4.5% | 23.7% | 17.2% | 11.4% | -4.3% | 6.7% | 7.5% | 7.6% | 1.2% | 2.0% |
VST Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Vistra Corp. carries a Debt/EBITDA ratio of 4.8x, which is highly leveraged (roughly in line with the sector average of 4.8x). Net debt stands at $19.6B ($20.4B total debt minus $816M cash). Interest coverage of just 2.0x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 3.99 | 3.99 | 3.11 | 2.76 | 2.71 | 1.33 | 1.18 | 1.42 | 1.45 | 0.70 | 0.70 |
| Debt / EBITDA | 4.76 | 4.76 | 1.96 | 2.54 | 2.88 | 11.14 | 2.86 | 3.26 | 3.86 | 4.44 | 4.25 |
| Net Debt / Equity | — | 3.83 | 2.90 | 2.10 | 2.62 | 1.17 | 1.13 | 1.38 | 1.37 | 0.46 | 0.57 |
| Net Debt / EBITDA | 4.57 | 4.57 | 1.83 | 1.94 | 2.78 | 9.80 | 2.74 | 3.17 | 3.65 | 2.95 | 3.47 |
| Debt / FCF | — | 151.78 | — | 2.97 | — | — | 4.56 | 10.81 | 11.04 | 3.43 | — |
| Interest Coverage | 1.95 | 1.95 | 4.17 | 3.67 | -0.83 | -1.88 | 4.01 | 4.19 | 0.81 | 2.12 | 20.45 |
VST Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.78x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 1.18x to 0.78x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.78 | 0.78 | 0.96 | 1.18 | 1.08 | 1.35 | 1.13 | 0.90 | 0.95 | 1.98 | 1.64 |
| Quick Ratio | 0.69 | 0.69 | 0.85 | 1.11 | 1.02 | 1.24 | 0.96 | 0.80 | 0.83 | 1.79 | 1.45 |
| Cash Ratio | 0.07 | 0.07 | 0.14 | 0.35 | 0.04 | 0.23 | 0.13 | 0.07 | 0.18 | 1.10 | 0.56 |
| Asset Turnover | — | 0.41 | 0.51 | 0.47 | 0.54 | 0.45 | 0.44 | 0.43 | 0.39 | 0.37 | 0.35 |
| Inventory Turnover | 13.78 | 13.78 | 12.05 | 14.02 | 24.60 | 21.76 | 16.62 | 19.07 | 18.94 | 18.26 | 15.23 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
VST Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Vistra Corp. returns 2.5% to shareholders annually — split between a 0.6% dividend yield and 1.9% buyback yield. The payout ratio of 32.4% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 1.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.6% | 0.6% | 0.6% | 2.2% | 3.1% | 2.6% | 2.8% | 2.1% | — | 19.2% | 15.0% |
| Payout Ratio | 32.4% | 32.4% | 11.5% | 21.0% | — | — | 41.8% | 26.2% | — | — | 4.4% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.4% | 1.4% | 5.1% | 9.3% | — | — | 6.6% | 8.1% | — | — | 342.3% |
| FCF Yield | 0.2% | 0.2% | — | 26.1% | — | — | 21.5% | 8.9% | 8.4% | 10.9% | — |
| Buyback Yield | 1.9% | 1.9% | 2.6% | 8.6% | 19.9% | 4.3% | 0.0% | 5.7% | 6.6% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.5% | 2.4% | 3.2% | 10.8% | 23.0% | 6.9% | 2.8% | 7.8% | 6.6% | 19.2% | 15.0% |
| Shares Outstanding | — | $340M | $353M | $375M | $422M | $482M | $491M | $500M | $505M | $428M | $428M |
Peer Comparison
Compare VST with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 VSTYou | $54B | 72.6 | 17.2 | 420.9 | 17.5% | 7.9% | 17.7% | 4.3% | 4.8 |
 NRG | $30B | 38.5 | 12.2 | 39.1 | 21.8% | 6.0% | 41.5% | 9.1% | 4.4 |
 CEG | $100B | 43.3 | 25.9 | 77.7 | 75.8% | 12.1% | 16.3% | 11.9% | 2.2 |
 GEN | $12B | 19.1 | 9.6 | 10.1 | 80.3% | 40.9% | 29.2% | 12.4% | 4.1 |
 DYN | $3B | -5.0 | — | — | — | — | -55.7% | -221.2% | — |
 AES | $10B | 11.4 | 11.2 | — | 18.1% | 16.1% | 9.7% | 3.9% | 8.8 |
 TE | $902M | -1.7 | — | — | 41.7% | -2524.2% | -103.3% | -8.9% | — |
 CLNE | $520M | -2.3 | — | — | — | — | -34.6% | — | — |
 NEE | $201B | 29.3 | 19.1 | — | 62.8% | 30.1% | 10.7% | 4.1% | 6.2 |
 D | $55B | 18.3 | 15.3 | — | 49.0% | 26.7% | 9.4% | 4.3% | 7.2 |
 EXC | $47B | 16.9 | 11.0 | — | 45.9% | 21.2% | 9.9% | 5.1% | 5.7 |
| Utilities Median | — | 20.1 | 11.4 | 15.1 | 40.9% | 19.9% | 9.4% | 4.8% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonVST — Frequently Asked Questions
Quick answers to the most common questions about buying VST stock.
What is Vistra Corp.'s P/E ratio?
Vistra Corp.'s current P/E ratio is 72.6x. The historical average is 21.9x. This places it at the 83th percentile of its historical range.
What is Vistra Corp.'s EV/EBITDA?
Vistra Corp.'s current EV/EBITDA is 17.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.5x.
What is Vistra Corp.'s ROE?
Vistra Corp.'s return on equity (ROE) is 17.7%. The historical average is 42.0%.
Is VST stock overvalued?
Based on historical data, Vistra Corp. is trading at a P/E of 72.6x. This is at the 83th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Vistra Corp.'s dividend yield?
Vistra Corp.'s current dividend yield is 0.56% with a payout ratio of 32.4%.
What are Vistra Corp.'s profit margins?
Vistra Corp. has 17.5% gross margin and 7.9% operating margin.
How much debt does Vistra Corp. have?
Vistra Corp.'s Debt/EBITDA ratio is 4.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.