Vistra Corp.

VST Utilities Utilities Independent Power Producers

Vistra Corp.’s revenue for fiscal 2025 (year ended December 2025) was $17.7 billion, up 2.98% from fiscal 2024.

Revenue
−5.48%
EPS
−6.10%
Free cash flow
+401.7%
Total debt
+17.8%

Quarter to June 2026, against a year earlier

121.86 8.97 +7.95%
Market cap
$37.9B
P/E
19.0×
Fwd P/E
14.9×
Dividend yield
0.80%
F-score
5/9
Altman Z
1.40
Beneish M
−2.54
Dividend safety
59/100

Vistra Corp. (VST) Gross margin

Alert me on Gross margin

Vistra Corp.'s gross margin over the twelve months to 30 June 2026 was 38.0%, up 5.1 percentage points from fiscal 2025 (32.9%). Over the past ten years it has ranged from 11.2% (fiscal 2021) to 43.7% (fiscal 2024); the current reading is higher than 55% of that period. That is in line with the Utilities Independent Power Producers industry median of 38.0% and below the Utilities sector median of 58.0%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 32.9% (10.80)
FY2024 43.7% 6.34
FY2023 37.4% 25.10
FY2022 12.3% 1.08
FY2021 11.2% (29.44)
FY2020 40.6% 2.19
FY2019 38.4% 7.68
FY2018 30.7% 2.71
FY2017 28.0% (0.82)
FY2016 28.9% (5.49)

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 34.6% (8.13)
Mar 2026 42.7% 8.87
Dec 2025 33.9% (5.29)
Sep 2025 39.2% 2.84
38 more quarters

Against its own ten years

Low 11.2% High 43.7%
Ten-year median 32.9%
Current reading's percentile 74

Gross margin against peers

Company Gross margin
TLN Talen Energy Corporation compare 50.6%
CEG Constellation Energy Corporation compare 43.9%
HNRG Hallador Energy Company compare 43.6%
VST Vistra Corp. 38.0%
NRG NRG Energy, Inc. compare 18.8%
KEN Kenon Holdings Ltd. compare 18.7%
DGXX Digi Power X Inc. compare −26.3%
ONEN ONE Nuclear Energy Inc. compare —
OKLO Oklo Inc. compare —
Utilities Independent Power Producers industry median 38.0%
Utilities sector median 58.0%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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