Vistra Corp. (VST) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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VST Revenue Growth
Revenue Breakdown (FY 2025)
VST's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
VST Revenue Analysis (2014–2025)
As of May 6, 2026, Vistra Corp. (VST) generated trailing twelve-month (TTM) revenue of $16.73 billion, reflecting significant decline in growth of -68.2% year-over-year. The most recent quarter (Q4 2025) recorded $2.34 billion in revenue, down 53.0% sequentially.
Looking at the longer-term picture, VST's 5-year compound annual growth rate (CAGR) stands at +8.9%, indicating steady revenue expansion. The company achieved its highest annual revenue of $19.38 billion in 2024.
Revenue diversification analysis shows VST's business is primarily driven by Retail Segment (51%), East Segment (23%), and Texas Segment (18%). With over half of revenue concentrated in Retail Segment, the company maintains significant focus in this area while developing other growth vectors.
When compared to Utilities sector peers including NRG (+9.2% YoY), CEG (+8.3% YoY), and GEN (+20.1% YoY), VST has underperformed the peer group in terms of revenue growth. Compare VST vs NRG →
VST Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| VSTCurrent | $16.7B | -68.2% | +8.9% | 7.9% | |
 NRG | $30.7B | +9.2% | +27.6% | 6.0% | |
 CEG | $25.5B | +8.3% | +7.7% | 12.1% | |
 GEN | $3.9B | +20.1% | +9.6% | 40.9% | |
 AES | $12.2B | +3.0% | +4.8% | 16.1% |
VST Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $16.97B | -12.4% | $2.97B | 17.5% | $1.33B | 7.9% |
| 2024 | $19.38B | +24.7% | $7.69B | 39.7% | $6.23B | 32.1% |
| 2023 | $15.54B | -12.9% | $5.17B | 33.3% | $3.91B | 25.2% |
| 2022 | $17.84B | +33.8% | $3.81B | 21.4% | $2.64B | 14.8% |
| 2021 | $13.33B | +20.5% | $60.0M | 0.4% | $-988,000,000 | -7.4% |
| 2020 | $11.06B | -3.8% | $2.50B | 22.6% | $1.48B | 13.4% |
| 2019 | $11.50B | +14.5% | $2.56B | 22.2% | $1.66B | 14.4% |
| 2018 | $10.05B | +86.8% | $2.24B | 22.3% | $1.35B | 13.5% |
| 2017 | $5.38B | +2.3% | $761.0M | 14.1% | $161.0M | 3.0% |
| 2016 | $5.26B | -2.1% | $918.0M | 17.5% | $271.0M | 5.2% |
Full VST Stock Analysis
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Start ComparisonVST — Frequently Asked Questions
Quick answers to the most common questions about buying VST stock.
Is VST's revenue growth accelerating or slowing?
VST revenue declined -68.2% year-over-year, contrasting with the 5-year CAGR of +8.9%. TTM revenue fell to $16.7B. This reverses the prior growth trend.
What is VST's long-term revenue growth rate?
Vistra Corp.'s 5-year revenue CAGR of +8.9% reflects the variable expansion pattern. Current YoY growth of -68.2% is below this long-term average.
How is VST's revenue distributed by segment?
VST reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.