Vistra Corp. (VST)

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company in the United States. The company operates through five segments: Retail, Texas, East, West, and Asset Closure. The company retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia. It is also involved in electricity generation, wholesale energy purchases and sales, commodity risk management, fuel procurement, and fuel logistics management activities. In addition, the company engages in decommissioning and reclamation of retired generation facilities, including mines, and battery removal and remediation activities. It serves approximately 5 million customers with a generation capacity of approximately 44,000 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.

Symbol: VST
Exchange: NYSE
Sector: Utilities
Industry: Utilities - Independent Power Producers
Market cap: $47.04B
52 week range: 132.66 - 217.1

Valuation

Share price: $140.02 (close of 2026-10-02)
P/E (TTM): 23.34x
Price to book: 8.56x
Price to free cash flow: 20.86x
Enterprise value: $66.50B
Book value per share: $16.35

Price performance

Period	Change
1 day	+0.19%
5 days	+1.13%
1 month	-2.40%
3 months	-7.30%
6 months	-7.38%
Year to date	-13.21%
1 year	-30.91%
3 years	+330.43%
5 years	+730.98%
All time	+803.35%

Members of Congress who disclosed VST trades

Lisa McClain · Jefferson Shreve · Julie Johnson · Nancy Pelosi · Julia Letlow

Super investors holding VST

David Tepper (Appaloosa Mgmt) · Ray Dalio (Bridgewater Associates) · Harry Burn (Sound Shore Management) · John Armitage (Egerton Capital (UK) LLP) · Ken Griffin (Citadel) · George Soros (Soros Fund Mgmt)

Profitability and growth

Return on equity: 18.47%
Return on invested capital: 7.08%
Return on assets: 2.27%
Return on capital employed: 6.41%
Gross margin: 20.58%
Net margin: 5.37%
EBITDA margin: 27.61%
Revenue growth: 19.14%
Net income growth: -64.50%
Free cash flow growth: -46.96%

Cash flow and balance sheet

Free cash flow yield (TTM): 4.79%
Current ratio: 0.97x
Net debt to EBITDA: 2.97x

Latest reported year

Period end: 2025-12-31
Fiscal year: 2025
Revenue: $17.59B
Cost of revenue: $13.97B
Gross profit: $3.62B
EBITDA: $4.86B
Net income: $944.00M
Earnings per share: $2.22
Shares outstanding: 339.12M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	$17.59B	$3.62B	$944.00M	$2.22
2024-12-31	$14.76B	$5.68B	$2.66B	$7.16
2023-12-31	$13.80B	$3.97B	$1.49B	$3.63
2022-12-31	$15.63B	$12.00M	-$1.23B	$-3.26
2021-12-31	$17.70B	-	-$1.27B	$-2.69
2020-12-31	$10.85B	$2.55B	$636.00M	$1.30
2019-12-31	$11.55B	$2.90B	$928.00M	$1.88
2018-12-31	$9.80B	$1.42B	-$54.00M	$-0.11
2017-12-31	$5.43B	$798.00M	-$254.00M	$-0.59

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-31	20.58%	5.37%	18.47%	7.08%
2024-12-31	38.49%	18.01%	47.63%	15.98%
2023-12-31	28.75%	10.82%	28.05%	13.04%
2022-12-31	0.08%	-7.85%	-24.95%	-4.65%
2021-12-31	-	-7.20%	-15.36%	-14.57%
2020-12-31	23.54%	5.86%	7.61%	15.25%
2019-12-31	25.09%	8.04%	11.66%	20.89%
2018-12-31	14.46%	-0.55%	-0.69%	6.79%
2017-12-31	14.70%	-4.68%	-4.01%	2.04%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$785.00M	$17.04B
2024-12-31	$1.19B	$16.30B
2023-12-31	$3.48B	$14.40B
2022-12-31	$455.00M	-
2021-12-31	$1.32B	-
2020-12-31	$406.00M	-
2019-12-31	$300.00M	-
2018-12-31	$636.00M	-
2017-12-31	$1.49B	-

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	$1.32B	$113.00M
2024-12-31	$2.48B	$100.00M
2023-12-31	$3.78B	$77.00M
2022-12-31	-$816.00M	$63.00M
2021-12-31	-$1.24B	$47.00M
2020-12-31	$2.08B	$65.00M
2019-12-31	$2.02B	$47.00M
2018-12-31	$941.00M	$73.00M
2017-12-31	$1.27B	-

Dividend history

Most recent payment: 2026-09-21
Paid in the last twelve months: $0.91

Payment date	Dividend per share
2026-09-21	$0.23
2026-06-22	$0.23
2026-03-20	$0.23
2025-12-22	$0.23
2025-09-19	$0.23
2025-06-18	$0.23
2025-03-20	$0.22
2024-12-20	$0.22

Investor relations

Next earnings report

Next confirmed report: 2026-11-06
Consensus EPS estimate: $2.86

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-08-07	Jun/2026	$1.54
2026-05-08	Mar/2026	$2.21
2026-02-26	Dec/2025	$2.51
2025-11-06	Sep/2025	$1.20
2025-08-07	Jun/2025	$0.98
2025-05-07	Mar/2025	$0.46
2025-02-27	Dec/2024	$2.17
2024-11-07	Sep/2024	$1.24

Filings and sources

Company website: vistracorp.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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