VST · Vistra Corp. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.64B | - | $4.97B | $4.25B | $4.25B | - | $6.29B | $3.85B | $3.16B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $427.00M | - | $444.00M | $419.00M | $391.00M | - | $411.00M | $375.00M | $351.00M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $484.00M | - | $460.00M | $541.00M | $522.00M | - | $466.00M | $437.00M | $403.00M | - |
| Operating Income | $1.50B | - | $1.04B | $515.00M | ($120.00M) | - | $2.59B | $808.00M | $86.00M | - |
| Interest Expense | $263.00M | - | $286.00M | $303.00M | $170.00M | - | $332.00M | $241.00M | $170.00M | - |
| Income Tax | $183.00M | - | $204.00M | $76.00M | ($176.00M) | - | $555.00M | $159.00M | ($20.00M) | - |
| Net Income | $1.03B | - | $652.00M | $327.00M | ($268.00M) | - | $1.89B | $365.00M | ($35.00M) | - |
| EPS - Basic | $2.90 | - | $1.78 | $0.82 | ($0.93) | - | $5.36 | $0.92 | ($0.24) | - |
| EPS - Diluted | $2.87 | - | $1.75 | $0.81 | ($0.93) | - | $5.25 | $0.90 | ($0.24) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $634.00M | $785.00M | $602.00M | $458.00M | $561.00M | $1.19B | $905.00M | $1.62B | $1.07B | $3.48B |
| Accounts Receivable | $1.98B | $2.32B | $2.33B | $2.23B | $1.92B | $1.98B | $2.18B | $2.09B | $1.73B | $1.67B |
| Inventory | - | - | $970.00M | $965.00M | $960.00M | $970.00M | $949.00M | $964.00M | $976.00M | $740.00M |
| Accounts Payable | $1.36B | $1.64B | $1.36B | $1.28B | $1.33B | $1.51B | $1.29B | $1.32B | $1.10B | $1.15B |
| Current Assets | $9.02B | $9.18B | $8.38B | $8.48B | $8.43B | $8.12B | $8.53B | $9.83B | $9.43B | $11.64B |
| Total Assets | $41.31B | $41.55B | $38.02B | $38.15B | $38.23B | $37.77B | $37.88B | $39.13B | $38.18B | $32.97B |
| Current Liabilities | $10.06B | $11.81B | $8.43B | $9.43B | $9.75B | $8.43B | $7.66B | $10.06B | $8.78B | $9.82B |
| Long-term Debt | $19.16B | $17.04B | $15.99B | $15.77B | $16.30B | $16.30B | $14.73B | $15.89B | - | $14.40B |
| Total Liabilities | $35.70B | $36.44B | $32.80B | $33.31B | $33.39B | $32.19B | $29.23B | $31.82B | $30.89B | $27.64B |
| Stockholders' Equity | $5.60B | $5.10B | $5.21B | $4.82B | $4.83B | $5.57B | $5.44B | $5.59B | $5.66B | $5.31B |
| Retained Earnings | $903.00M | ($12.00M) | ($107.00M) | ($642.00M) | ($835.00M) | ($454.00M) | ($759.00M) | ($2.53B) | ($2.76B) | ($2.61B) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.20B | - | - | - | $599.00M | - | - | - | $312.00M | - |
| Investing Cash Flow | ($638.00M) | - | - | - | ($1.06B) | - | - | - | ($3.53B) | - |
| Financing Cash Flow | ($706.00M) | - | - | - | ($164.00M) | - | - | - | $793.00M | - |
| CapEx | $883.00M | - | - | - | $768.00M | - | - | - | $465.00M | - |
| Free Cash Flow | $316.00M | - | - | - | ($169.00M) | - | - | - | ($153.00M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 26.6% | - | 20.9% | 12.1% | -2.8% | - | 41.2% | 21.0% | 2.7% | - |
| EBITDA margin | 35.2% | - | 30.1% | 24.8% | 9.5% | - | 48.6% | 32.4% | 15.5% | - |
| Net margin | 18.2% | - | 13.1% | 7.7% | -6.3% | - | 30.0% | 9.5% | -1.1% | - |
| Free cash flow margin | 5.6% | - | - | - | -4.0% | - | - | - | -4.8% | - |
| FCF / Net income | 0.31 | - | - | - | 0.63 | - | - | - | 4.37 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 7.6% | - | 8.9% | 9.9% | 9.2% | - | 6.5% | 9.8% | 11.1% | - |
| Effective tax rate | 15.1% | - | 23.8% | 18.9% | - | - | 22.7% | 30.3% | - | - |
| Return on assets | 2.5% | - | 1.7% | 0.9% | -0.7% | - | 5.0% | 0.9% | -0.1% | - |
| Return on equity | 18.4% | - | 12.5% | 6.8% | -5.6% | - | 34.7% | 6.5% | -0.6% | - |
| Return on invested capital | 5.1% | - | 3.7% | 2.0% | -0.4% | - | 9.9% | 2.6% | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.90 | 0.78 | 0.99 | 0.90 | 0.86 | 0.96 | 1.11 | 0.98 | 1.07 | 1.18 |
| Quick ratio | 0.90 | 0.78 | 0.88 | 0.80 | 0.77 | 0.85 | 0.99 | 0.88 | 0.96 | 1.11 |
| Cash ratio | 0.06 | 0.07 | 0.07 | 0.05 | 0.06 | 0.14 | 0.12 | 0.16 | 0.12 | 0.35 |
| Leverage | ||||||||||
| Debt / Equity | 3.42 | 3.34 | 3.07 | 3.27 | 3.38 | 2.93 | 2.71 | 2.84 | - | 2.71 |
| Debt / Assets | 0.46 | 0.41 | 0.42 | 0.41 | 0.43 | 0.43 | 0.39 | 0.41 | - | 0.44 |
| Debt / EBITDA | 9.66 | - | 10.68 | 14.93 | 40.56 | - | 4.82 | 12.76 | - | - |
| Interest coverage | 5.7x | - | 3.6x | 1.7x | -0.7x | - | 7.8x | 3.4x | 0.5x | - |
| Equity multiplier | 7.38 | 8.15 | 7.30 | 7.91 | 7.92 | 6.78 | 6.96 | 7.00 | 6.75 | 6.21 |
| Liabilities / Assets | 0.86 | 0.88 | 0.86 | 0.87 | 0.87 | 0.85 | 0.77 | 0.81 | 0.81 | 0.84 |
| Efficiency | ||||||||||
| Asset turnover | 0.14 | - | 0.13 | 0.11 | 0.11 | - | 0.17 | 0.10 | 0.08 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 128d | - | 171d | 191d | 165d | - | 126d | 199d | 200d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 52.4x | - | 112.0x | 239.3x | - | - | 22.6x | 95.5x | - | - |
| P / B | 9.2x | - | 13.0x | 13.9x | 8.3x | - | 7.6x | 5.4x | 4.3x | - |
| P / S | 9.1x | - | 13.6x | 15.8x | 9.4x | - | 6.6x | 7.9x | 7.7x | - |
| EV / EBITDA | 35.3x | - | 55.4x | 77.9x | 138.4x | - | 18.1x | 35.9x | 47.5x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 32.7% | - | -20.9% | 10.5% | 34.5% | - | 31.3% | 20.6% | -28.6% | - |
| Revenue CAGR (3y) | 8.4% | - | -1.1% | 8.5% | 7.1% | - | 19.3% | 13.1% | -27.2% | - |
| Revenue CAGR (5y) | -7.2% | - | 7.0% | 11.1% | 8.3% | - | 9.3% | 6.3% | 1.6% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | -59.9% | -36.3% | - | - | 210.3% | 36.7% | -92.4% | - |
| Net income growth (YoY) | - | - | -65.5% | -10.4% | -665.7% | - | 276.1% | -23.3% | - | - |
| EPS growth (YoY) | - | - | -66.7% | -10.0% | -287.5% | - | 320.0% | -23.1% | - | - |
| EPS CAGR (3y) | 18.8% | - | 5.0% | - | - | - | 706.7% | 134.3% | - | - |
| EPS CAGR (5y) | - | - | 14.2% | 19.0% | - | - | 86.9% | 5.2% | - | - |
| FCF growth (YoY) | - | - | - | - | -10.5% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 16.0% | -8.5% | -4.2% | -13.8% | -14.7% | 5.0% | -1.2% | 4.4% | 8.7% | 8.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$26.27B totalRetail Segment$14.34B · 54.6%
East Segment$6.17B · 23.5%
Texas Segment$5.35B · 20.4%
West Segment$325.00M · 1.2%
Asset Closure Segment$74.00M · 0.3%
Product / service
$17.29B totalRetail Energy Charge In ERCOT$8.97B · 51.8%
Retail Energy Charge In Northeast Midwest$4.06B · 23.5%
Total Other Revenues$1.31B · 7.6%
Hedging Revenue Realized$1.21B · 7.0%
Wholesale Generation Revenue From ERCOT$464.00M · 2.7%
Revenue From Other Wholesale Contracts$454.00M · 2.6%
Transferable Production Tax Credit Revenues$229.00M · 1.3%
Capacity Revenue$227.00M · 1.3%
Transferable Nuclear Production Tax Credit Revenues$220.00M · 1.3%
Intersegment Sales$107.00M · 0.6%
Business Interruption Insurance Proceeds$47.00M · 0.3%
Hedging And Other Revenues($2.00M) · -0.0%
Intangible Amortization And Other Revenues($2.00M) · -0.0%
Peer comparison
Same SIC group: Electric Services
Comparing Vistra Corp. against the 5 most active filers in the same SIC group.
Dividends
$0.91/share trailing 12 months · +2.5% YoY
| Ex-date | Per share |
|---|---|
| Mar 20, 2026 | $0.2280 |
| Dec 22, 2025 | $0.2270 |
| Sep 19, 2025 | $0.2260 |
| Jun 18, 2025 | $0.2250 |
| Mar 20, 2025 | $0.2240 |
| Dec 20, 2024 | $0.2220 |
| Sep 20, 2024 | $0.2200 |
| Jun 18, 2024 | $0.2180 |
| Mar 19, 2024 | $0.2150 |
| Dec 19, 2023 | $0.2130 |
| Sep 19, 2023 | $0.2060 |
| Jun 20, 2023 | $0.2040 |
| Mar 21, 2023 | $0.1980 |
| Dec 19, 2022 | $0.1930 |
| Sep 20, 2022 | $0.1840 |
| Jun 21, 2022 | $0.1770 |
| Mar 21, 2022 | $0.1700 |
| Dec 15, 2021 | $0.1500 |
| Sep 15, 2021 | $0.1500 |
| Jun 15, 2021 | $0.1500 |
| Mar 16, 2021 | $0.1500 |
| Dec 15, 2020 | $0.1350 |
| Sep 15, 2020 | $0.1350 |
| Jun 15, 2020 | $0.1350 |