Vistra Corp. (VST) Revenue History
Annual and quarterly revenue from 2012 to present
VST Revenue Over Time (2012–2025)
VST Revenue Growth History
8 of 13 years with positive growth- FY2012 revenue growth
- N/A
- FY2013 revenue growth
- +4.7%
- FY2014 revenue growth
- +1.3%
- FY2015 revenue growth
- -10.2%
- FY2016 revenue growth
- -2.1%
- FY2017 revenue growth
- +2.3%
- FY2018 revenue growth
- +86.8%
- FY2019 revenue growth
- +14.5%
- FY2020 revenue growth
- -3.8%
- FY2021 revenue growth
- +20.5%
- FY2022 revenue growth
- +33.8%
- FY2023 revenue growth
- -12.9%
- FY2024 revenue growth
- +24.7%
- FY2025 revenue growth
- -12.4%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $4.65B | -10.0% |
| Q4 2025 | $2.34B | -68.2% |
| Q3 2025 | $4.97B | -10.2% |
| Q2 2025 | $4.25B | +15.2% |
| Q1 2025 | $5.17B | +85.1% |
| Q4 2024 | $7.36B | +117.0% |
| Q3 2024 | $5.53B | +6.3% |
| Q2 2024 | $3.69B | +15.6% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
VST's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
VST Revenue Analysis (2012–2025)
Current Revenue & Growth
As of June 21, 2026, Vistra Corp. (VST) generated trailing twelve-month (TTM) revenue of $16.21 billion, reflecting moderate decline in growth of -10.0% year-over-year. The most recent quarter (Q1 2026) recorded $4.65 billion in revenue, up 99.1% sequentially.
Historical Growth Trajectory
VST's 5-year compound annual growth rate (CAGR) stands at +8.9%, indicating steady revenue expansion. The 3-year CAGR of -1.6% is below the 5-year average, signalling a growth deceleration in recent years. Vistra Corp.'s highest annual revenue of $19.38 billion was recorded in 2024.
Revenue by Segment
VST's revenue 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 has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Utilities sector peers — including NRG (+10.6% YoY), CEG (+23.4% YoY), and GEN (+27.1% YoY) — VST has underperformed the peer group in 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 | $16.2B | -10.0% | +8.9% | 7.9% | |
 NRG | $30.7B | +10.6% | +27.6% | 6.0% | |
 CEG | $25.5B | +23.4% | +7.7% | 12.1% | |
 GEN | $5.0B | +27.1% | +14.4% | 43.1% | |
 AES | $12.2B | +3.0% | +4.8% | 16.1% |
VST Historical Revenue Data (2012–2025)
| 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% |
| 2015 | $5.37B | -10.2% | $992.0M | 18.5% | $316.0M | 5.9% |
| 2014 | $5.98B | +1.3% | $952.0M | 15.9% | $244.0M | 4.1% |
| 2013 | $5.90B | +4.7% | $837.0M | 14.2% | $81.0M | 1.4% |
| 2012 | $5.64B | - | $589.0M | 10.5% | $-150,000,000 | -2.7% |
Full Stock Analysis
Deep dive into VST consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
14+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
VST — Frequently Asked Questions
Quick answers to the most common questions about buying VST stock.
Is VST's revenue growth accelerating or slowing?
VST revenue is declining -10.0% year-over-year. TTM revenue fell to $16.2B, contrasting with the 5-year CAGR of +8.9%. The reversal reflects either macro headwinds or company-specific challenges.
What is VST's revenue history from 2012 to 2026?
Vistra Corp. (VST) revenue history spans 2012 to 2026. TTM revenue as of 2026 is $16.2B, growing at -10.0% YoY. The 5-year CAGR is +8.9%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is VST's long-term revenue growth rate (CAGR)?
Vistra Corp.'s 5-year revenue CAGR of +8.9% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -10.0% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for VST.
Why does VST's quarterly revenue fluctuate?
VST quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Vistra Corp.'s revenue data from 2012 to 2026 shows full historical quarterly detail on this page.
How is VST's revenue distributed by segment?
VST reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does VST's revenue compare to industry peers?
Vistra Corp. (VST) with TTM revenue of $16.2B and -10.0% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.