Last 48 quarters of trend data · Utilities · Independent Power Producers
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Vistra Corp.'s quarterly P/E stands at 13.0x. EV/EBITDA has compressed 20.4% YoY to 5.9x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 69.70 | 13.05 | 73.33 | 27.99 | 58.38 | — | 30.50 | 5.64 | 23.88 | — | — | 6.64 | 5.61 |
| — | — | +140.4% | +395.8% | +144.4% | — | — | -14.9% | +325.8% | — | — | +91.0% | — | |
| P/S Ratio | 3.07 | 2.26 | 5.86 | 3.35 | 3.87 | 1.93 | 1.59 | 1.88 | 2.07 | 2.18 | 1.00 | 0.59 | 0.78 |
| — | +17.4% | +268.5% | +78.5% | +87.4% | -11.3% | +59.4% | +216.1% | +166.4% | +251.4% | +89.6% | +57.1% | +19.1% | |
| P/B Ratio | 10.24 | — | 10.73 | 12.75 | 13.60 | 8.25 | 8.39 | 4.80 | 4.17 | 3.34 | 2.54 | 2.24 | 1.84 |
| — | — | +27.9% | +165.7% | +226.2% | +147.2% | +229.8% | +114.5% | +126.5% | +87.1% | +37.8% | +42.9% | +1.4% | |
| P/FCF | 404.28 | 10.65 | — | 16.49 | — | — | 12.69 | 10.20 | 10.91 | — | 28.68 | 2.52 | 2.18 |
| — | — | — | +61.6% | — | — | -55.8% | +304.6% | +400.9% | — | -98.7% | -40.3% | — | |
| EV / EBITDA | 16.74 | 5.85 | — | 11.81 | 15.92 | 7.35 | 3.46 | 5.22 | 9.23 | 26.94 | 6.44 | 2.39 | 4.87 |
| — | -20.4% | — | +126.2% | +72.5% | -72.7% | -46.2% | +118.7% | +89.7% | +539.4% | -94.8% | -1.5% | -33.2% | |
| EV / EBIT | 53.73 | 8.77 | 32.12 | 18.27 | 64.33 | — | 19.17 | 5.34 | 13.04 | 45.69 | 70.28 | 6.76 | 7.06 |
| — | — | +67.6% | +242.0% | +393.5% | — | -72.7% | -20.9% | +84.8% | +780.0% | -11.7% | +37.7% | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Vistra Corp.'s operating margin was 26.6% in Q1 2026, up 101.3 pp QoQ and up 4.0 pp YoY. The trailing four-quarter average of -3.8% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 14.7% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 17.5% | 34.1% | -55.6% | 29.9% | 22.0% | 29.8% | 57.3% | 42.9% | 26.2% | 4.7% | 25.9% | 43.4% | 29.3% |
| — | +14.7% | -197.0% | -30.3% | -16.2% | +535.0% | +121.1% | -1.3% | -10.4% | -83.9% | +910.8% | +25.7% | +108.9% | |
| Operating Margin | 7.9% | 26.6% | -74.8% | 21.0% | 12.1% | 22.6% | 51.8% | 35.9% | 16.7% | -6.7% | 15.8% | 37.0% | 20.1% |
| — | +17.8% | -244.4% | -41.6% | -27.6% | +437.1% | +227.6% | -3.0% | -16.6% | -131.2% | +255.6% | +27.8% | +201.2% | |
| Net Margin | 5.6% | 17.4% | 10.0% | 13.1% | 7.7% | -5.2% | 6.0% | 34.1% | 9.9% | -1.3% | -5.4% | 9.6% | 14.9% |
| — | +435.3% | +66.4% | -61.6% | -22.3% | -313.6% | +210.4% | +253.7% | -33.7% | -106.7% | +4.9% | -16.2% | +141.2% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.7% | — | 4.5% | 13.0% | 6.8% | -5.1% | 6.2% | 23.7% | 5.0% | -0.6% | -3.4% | 9.2% | 9.0% |
| — | — | -27.2% | -45.2% | +35.1% | -826.3% | +282.6% | +156.7% | -44.3% | -104.0% | +27.4% | -24.1% | +141.8% | |
| ROA | 2.4% | — | 0.6% | 1.7% | 0.9% | -0.7% | 1.2% | 4.9% | 0.9% | -0.1% | -0.6% | 1.6% | 1.5% |
| — | — | -49.8% | -65.1% | -9.3% | -616.8% | +305.7% | +204.9% | -38.9% | -104.5% | +21.7% | -12.5% | +139.8% | |
| ROIC | 4.3% | 10.7% | -5.6% | 3.5% | 1.7% | 4.0% | 12.6% | 6.5% | 2.0% | -0.7% | 2.4% | 8.7% | 2.8% |
| — | +166.5% | -144.4% | -45.6% | -14.9% | +658.9% | +415.4% | -25.6% | -26.4% | -120.9% | +233.2% | +23.1% | +162.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Vistra Corp.'s Debt/EBITDA ratio is 0.9x — comfortably within a safe range.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 3.99 | — | 3.99 | 3.35 | 3.73 | 3.66 | 3.11 | 1.83 | 2.32 | 2.25 | 2.76 | 2.53 | 2.28 |
| — | — | +28.3% | +83.4% | +61.0% | +62.2% | +12.7% | -27.8% | +1.6% | -8.5% | +1.7% | +10.0% | -13.8% | |
| Debt / EBITDA | 4.76 | 0.95 | — | 9.90 | 13.79 | 9.12 | 3.82 | 5.85 | 13.66 | 44.62 | 15.28 | 5.76 | 11.09 |
| — | -89.6% | — | +69.2% | +0.9% | -79.6% | -75.0% | +1.6% | +23.2% | +345.6% | -95.0% | -2.6% | -40.8% | |
| Current Ratio | 0.78 | — | 0.78 | 0.99 | 0.90 | 0.86 | 0.96 | 1.11 | 0.98 | 1.07 | 1.18 | 1.22 | 1.17 |
| — | — | -19.3% | -10.7% | -8.0% | -19.6% | -18.7% | -8.9% | -16.4% | -7.8% | +10.2% | +10.8% | +11.8% | |
| Quick Ratio | 0.69 | — | 0.69 | 0.88 | 0.80 | 0.77 | 0.85 | 0.99 | 0.88 | 0.96 | 1.11 | 1.14 | 1.08 |
| — | — | -18.5% | -11.1% | -9.6% | -20.5% | -23.6% | -13.5% | -18.4% | -11.4% | +8.7% | +8.6% | +7.6% | |
| Interest Coverage | 1.95 | 5.70 | 2.14 | 3.99 | 1.07 | -0.64 | 2.22 | 10.65 | 3.48 | 0.99 | 0.38 | 4.61 | 4.67 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Vistra Corp.'s current P/E is 69.7x. The average P/E over the last 4 quarters is 43.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Vistra Corp.'s current operating margin is 7.9%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Vistra Corp.'s business trajectory between earnings reports.