Saturday 17 October 2026 Export VST’s income statement to Excel — free account

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. In the quarter to June 2026, revenue fell 5.48%, EPS fell 6.10%, free cash flow grew 401.7% and total debt rose 17.8%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years, revenue growth for five; insiders bought in the last twelve months.

152.02 2.15 −1.39%

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Market cap: $51.7B
P/E: 25.3×
Fwd P/E: 15.3×
Dividend yield: 0.60%
F-score: 5/9
Altman Z: 1.40
Beneish M: −2.54
Dividend safety: 59/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total buys 1.17

Total sells 56.24

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	2	—	—
Sell	4	1	—	—	1	—	1	5	—	—	2	2

Insider Ownership 1.29%

Capital & Financial Ratios $m

Market Cap 51,740.00

Revenue 19,212.00

Net Income 2,219.00

Free Cash Flow 2,424.00

Net Debt 19,119.00

Current Ratio 0.97

Debt/Equity 3.57

P/E ratio 25.34

Fwd P/E 15.30

P/S ratio 2.67

P/B ratio 16.97

Past 5Y EPS Growth 10.89%

This Y EPS Growth 296.29%

Next Y EPS Growth 18.50%

Next Y revenue growth 26.76%

Next 5Y EPS Growth 77.21%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 59.45%

10-year low 10-year high

P/S against its own 10 years 84.27%

10-year low 10-year high

P/B against its own 10 years 86.39%

10-year low 10-year high

EV/Sales against its own 10 years 82.89%

10-year low 10-year high

EV/FCF against its own 10 years 76.54%

10-year low 10-year high

Dividends

Payout Ratio 0.15

Annual Dividend Rate 0.91

Annual Dividend Yield 0.60%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.97	0.23 0.23 0.23
2025	0.90	0.22 0.23 0.23 0.23
2024	0.87	0.22 0.22 0.22 0.22
2023	0.82	0.20 0.20 0.21 0.21
2022	0.72	0.17 0.18 0.18 0.19
2021	0.60	0.15 0.15 0.15 0.15
2020	0.54	0.14 0.14 0.14 0.14
2019	0.50	0.13 0.13 0.13 0.13
2018	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	3,525	1,216	816	476
Receivables	1,680	1,982	2,323	2,293
Inventory	740	970	1,016	1,041
Other	5,692	3,951	5,024	6,466
	11,637	8,119	9,179	10,276

	2023	2024	2025	Q'26
Payables	1,147	1,510	1,644	1,504
ST’ Debt	2,286	880	3,001	1,876
Other	5,981	5,640	6,757	6,800
	9,823	8,432	11,814	10,557

Compound Annual Growth %

	10y	5y	3y
Sales	12.69%	9.16%	8.92%
Cash Flow	32.89%	4.05%	103.21%
Earnings	0.00%	3.41%	0.00%
Book Value	0.00%	(9.38%)	1.28%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	5,640	4,017	—	—	—
’25	3,933	4,250	4,971	4,584	17,738
’24	3,054	3,845	6,288	4,037	17,224
’23	4,425	3,189	4,086	3,079	14,779
’22	3,125	1,588	5,146	3,869	13,728
’21	3,207	2,565	2,991	3,314	12,077
’20	2,858	2,509	3,552	2,524	11,443

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	1,199	1,023	—	—	—
’25	599	572	1,467	1,432	4,070
’24	312	1,196	1,702	1,353	4,563
’23	1,435	1,577	1,560	881	5,453
’22	591	(1,314)	815	393	485
’21	(1,653)	596	564	287	(206)
’20	552	757	1,041	987	3,337

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	344	356	—	—	—
’25	(169)	(118)	1,030	694	1,437
’24	(26)	700	1,025	982	2,681
’23	953	1,243	1,225	471	3,892
’22	221	(1,543)	526	58	(738)
’21	(1,845)	250	319	67	(1,209)
’20	291	430	814	567	2,102

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	2.87	0.76	—	—	—
’25	(0.93)	0.81	1.75	0.54	2.18
’24	(0.24)	0.90	5.25	1.14	7.00
’23	1.71	1.17	1.25	(0.55)	3.58
’22	(0.72)	(3.27)	1.51	(0.73)	(3.26)
’21	(4.21)	0.07	0.01	1.45	(2.69)
’20	0.11	0.34	0.90	(0.05)	1.30

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	13.50	14.50	17.31	21.33	11.30	15.47	20.26	21.18	37.77	90.51	Analyst estimates 2026–2028 Powerpack
	High	25.24	21.20	26.29	27.96	23.60	24.20	27.39	38.90	168.67	219.82
People
People	Employees	1,786	4,150	5,275	5,475	5,365	5,060	4,910	4,870	6,850	6,390
	Revenue/emp, $m	2.89	1.31	1.73	2.16	2.13	2.39	2.80	3.03	2.51	2.78
Income, $m
Income, $m	Revenue	5,164	5,430	9,144	11,809	11,443	12,077	13,728	14,779	17,224	17,738
	Gross margin, %	28.85	28.03	30.74	38.42	40.61	11.17	12.25	37.35	43.69	32.89
	EBT	21,351	250	(101)	1,216	890	(1,722)	(1,560)	2,000	3,467	1,123
	EBT margin, %	413.46	4.60	(1.10)	10.30	7.78	(14.26)	(11.36)	13.53	20.13	6.33
	Net income	22,688	(254)	(56)	926	624	(1,264)	(1,210)	1,492	2,812	944
	Depreciation	817	835	1,533	1,876	2,048	2,050	2,047	1,956	2,631	2,950
Per share, $
Per share, $	Revenue	12.08	12.69	18.11	23.90	23.42	25.04	32.50	39.97	49.96	52.31
	Earnings	53.06	(0.59)	(0.11)	1.88	1.30	(2.69)	(3.26)	3.63	7.16	2.22
	Cash flow	(0.37)	3.24	2.91	5.54	6.83	(0.43)	1.15	14.75	13.23	12.00
	Capex	(0.65)	(0.71)	(1.04)	(1.43)	(2.53)	(2.08)	(2.89)	(4.22)	(5.46)	(7.76)
	Free cash flow	(1.02)	2.53	1.88	4.11	4.30	(2.51)	(1.75)	10.53	7.78	4.24
	Book value	15.43	14.83	15.58	16.11	17.11	17.20	11.64	14.39	16.19	15.07
	Shares, m	428	428	505	494	489	482	422	370	345	339
Valuation, ×
Valuation, ×	P/E	0.29	0.00	0.00	12.23	15.12	0.00	0.00	10.52	19.12	72.67
	P/S	1.27	1.45	1.26	0.96	0.84	0.91	0.69	0.95	2.76	3.08
	P/B	1.00	1.24	1.47	1.43	1.15	1.75	3.22	4.95	15.30	20.77
	EV/Sales	1.99	1.98	2.40	1.83	1.62	1.69	1.57	1.69	3.64	4.10
	EV/FCF	(23.57)	9.94	23.13	10.67	8.81	(16.84)	(29.18)	6.41	23.36	50.62
Cash, $m
Cash, $m	Operating cash flow	(157)	1,386	1,471	2,736	3,337	(206)	485	5,453	4,563	4,070
	Capex	(278)	(304)	(523)	(707)	(1,235)	(1,003)	(1,223)	(1,561)	(1,882)	(2,633)
	Free cash flow	(435)	1,082	948	2,029	2,102	(1,209)	(738)	3,892	2,681	1,437
Balance, $m
Balance, $m	Working capital	969	1,322	(190)	(460)	393	2,040	779	1,814	(313)	(2,635)
	Total debt	4,623	4,423	11,065	10,729	9,330	10,731	12,621	14,402	16,298	18,843
	Net debt	3,685	2,877	10,372	10,282	8,905	9,385	12,129	10,877	15,082	18,027
	Shareholders’ equity	6,597	6,342	7,867	7,960	8,361	8,292	4,918	5,322	5,583	5,110
Returns, %
Returns, %	ROA	147.21	(1.71)	(0.27)	3.53	2.45	(4.72)	(4.41)	4.08	6.98	1.90
	ROIC	2.47	1.34	1.68	6.83	5.50	(5.36)	(4.32)	10.27	12.34	5.15
	ROE	(278.60)	(3.93)	(0.76)	11.73	7.79	(17.68)	(29.90)	46.60	82.88	26.20

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
CEG Constellation Energy Corporation	$97.4B	26.4×	20.9×	+23.00% (above 0%: growing)	−46.82% (below 0%: shrinking)	−116.62% (below 0%: shrinking)	46.39%	7.73%	Compare
VST Vistra Corp.	$51.7B	25.3×	15.3×	−5.48% (below 0%: shrinking)	−6.10% (below 0%: shrinking)	+401.69% (above 0%: growing)	34.60%	13.77%
NRG NRG Energy, Inc.	$21.6B	27.3×	14.9×	+10.99% (above 0%: growing)	n/m	+8,715.12% (above 0%: growing)	26.88%	13.05%	Compare
TLN Talen Energy Corporation	$16.7B	— (loss-making)	17.5×	+18.57% (above 0%: growing)	n/m	−176.92% (below 0%: shrinking)	49.40%	(9.64%)	Compare
OKLO Oklo Inc.	$5.6B	— (loss-making)	—	—	n/m	−632.29% (below 0%: shrinking)	40.41%	(6,048.76%)	Compare
KEN Kenon Holdings Ltd.	$3.3B	22.5×	5.7×	+93.37% (above 0%: growing)	+750.00% (above 0%: growing)	−3,783.33% (below 0%: shrinking)	22.16%	15.04%	Compare
HNRG Hallador Energy Company	$599.2M	293×	21.4×	−1.28% (below 0%: shrinking)	n/m	−3,158.67% (below 0%: shrinking)	33.82%	(12.05%)	Compare
DGXX Digi Power X Inc.	$284.8M	— (loss-making)	— (loss-making)	−18.28% (below 0%: shrinking)	n/m	−850.98% (below 0%: shrinking)	(83.34%)	(153.44%)	Compare
Median of peers	$5.6B	26.9×	17.5×	+14.78%	—	−632.29%	33.82%	(9.64%)

All 8 Utilities Independent Power Producers stocks →

Vistra Corp. (VST) key facts

Strength: Vistra Corp.’s revenue for fiscal 2025 (year ended December 2025) was $17.7 billion, up 2.98% from fiscal 2024.
Vistra Corp. (VST) is an Utilities Independent Power Producers company in the Utilities sector, listed on the New York Stock Exchange.
As of October 16, 2026, VST traded at $152.02, a market capitalization of $51.7 billion.
Vistra Corp. pays an annual dividend of $0.91 per share, a yield of 0.60%, with a payout ratio of 15.4%.
Return on equity was 26.2% and debt-to-equity 3.57.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 1.40 (distress zone) for fiscal 2025.