Vistra Corp.
Vistra Corp.
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Materials And Supplies | 603 | 599 | - | - | - | 533 | - | - | - | - | - | - | |||||
Fuel And Natural Gas Storage | 427 | 417 | - | - | - | 437 | - | - | - | - | - | - | |||||
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 634 | 785 | 602 | 458 | 561 | 1,188 | 905 | 1,624 | 1,070 | 3,485 | 3,170 | 643 | |||||
Restricted Cash Current | 37 | 31 | 30 | 31 | 29 | 28 | 29 | 23 | 32 | 40 | 40 | 40 | |||||
Restricted Cash And Investments Current | - | - | - | - | - | - | - | - | - | 40 | - | - | |||||
Income Taxes Receivable | - | - | - | - | - | 8 | 20 | 16 | 1 | 6 | 12 | 26 | |||||
Accounts Receivable Net Current | 1,984 | 2,323 | 2,327 | 2,229 | 1,924 | 1,982 | 2,179 | 2,094 | 1,729 | 1,674 | 2,017 | 1,681 | |||||
Inventory Net | - | - | 970 | 965 | 960 | 970 | 949 | 964 | 976 | 740 | 685 | 676 | |||||
Derivative Instruments And Hedges | 3,186 | 2,793 | 2,634 | 2,950 | 3,335 | 2,587 | 2,854 | 3,332 | 3,557 | 3,645 | 3,108 | 3,991 | |||||
Margin Deposit Assets | 1,070 | 1,133 | 721 | 728 | 579 | 406 | 519 | 930 | 1,186 | 1,244 | 877 | 1,130 | |||||
Prepaid Expense And Other Assets Current | 629 | 654 | 647 | 678 | 596 | 523 | 625 | 411 | 439 | 364 | 355 | 281 | |||||
Assets Current | 9,016 | 9,179 | 8,381 | 8,484 | 8,430 | 8,119 | 8,531 | 9,826 | 9,433 | 11,637 | 10,699 | 8,911 | |||||
Restricted Cash Noncurrent | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 14 | 14 | 14 | 15 | 15 | |||||
Restricted Cash And Investments Noncurrent | - | - | - | - | - | - | - | - | - | 14 | - | - | |||||
Other Long Term Investments | 5,001 | 5,091 | 5,008 | 4,752 | 4,476 | 4,512 | 4,520 | 4,310 | 4,219 | 2,035 | 1,857 | 1,915 | |||||
Property Plant And Equipment Net | 19,876 | 19,846 | 17,725 | 17,736 | 17,716 | 18,173 | 18,388 | 18,208 | 18,014 | 12,432 | 12,346 | 12,537 | |||||
Operating Lease Right Of Use Asset | - | - | - | - | - | - | 109 | 71 | 62 | 50 | 53 | 54 | |||||
Goodwill | 2,810 | 2,810 | 2,810 | 2,810 | 2,810 | 2,807 | 2,802 | 2,922 | 2,877 | 2,583 | 2,583 | 2,583 | |||||
Intangible Assets Net Excluding Goodwill | 2,363 | 2,435 | 2,097 | 2,252 | 2,321 | 2,213 | 2,157 | 2,263 | 2,278 | 1,864 | 1,883 | 1,912 | |||||
Derivative Instruments And Hedges Noncurrent | 412 | 405 | 604 | 593 | 769 | 740 | 886 | 922 | 703 | 577 | 743 | 665 | |||||
Deferred Income Tax Assets Net | 239 | 239 | 9 | 9 | 9 | 9 | 0 | 0 | 0 | 1,223 | 1,239 | 1,385 | |||||
Other Assets Noncurrent | 1,585 | 1,539 | 1,380 | 1,504 | 1,691 | 1,191 | 479 | 589 | 578 | 601 | 527 | 495 | |||||
Assets | 41,308 | 41,550 | 38,020 | 38,146 | 38,228 | 37,770 | 37,878 | 39,125 | 38,178 | 32,966 | 31,945 | 30,472 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Short Term Borrowings | 0 | 1,800 | - | 861 | - | 0 | - | 0 | 500 | 0 | 0 | 0 | |||||
Long Term Debt And Capital Lease Obligations Curre… | 1,899 | 1,201 | 231 | 230 | 882 | 880 | 785 | 1,939 | 54 | 2,286 | 1,935 | 437 | |||||
Accounts Payable Current | 1,359 | 1,644 | 1,362 | 1,276 | 1,328 | 1,510 | 1,291 | 1,317 | 1,100 | 1,147 | 1,124 | 1,076 | |||||
Derivative Instruments And Hedges Liabilities | 4,209 | 4,049 | 3,610 | 4,086 | 4,646 | 3,351 | 3,563 | 4,930 | 5,214 | 5,258 | 4,560 | 5,076 | |||||
Accrual For Taxes Other Than Income Taxes Current | 114 | 224 | 180 | 143 | 101 | 209 | 199 | 182 | 118 | 203 | 161 | 145 | |||||
Interest Payable Current | 287 | 188 | 225 | 188 | 244 | 193 | 222 | 215 | 208 | 206 | 113 | 156 | |||||
Asset Retirement Obligation Current | 185 | 181 | 202 | 146 | 136 | 142 | 102 | 106 | 119 | 124 | 123 | 119 | |||||
Operating Lease Liability Current | - | - | - | - | - | - | 13 | 11 | 11 | 7 | 8 | 8 | |||||
Other Liabilities Current | 604 | 663 | 687 | 694 | 606 | 645 | 560 | 443 | 461 | 554 | 674 | 563 | |||||
Liabilities Current | 10,059 | 11,814 | 8,426 | 9,434 | 9,753 | 8,432 | 7,660 | 10,057 | 8,775 | 9,823 | 8,748 | 7,626 | |||||
Long Term Debt And Capital Lease Obligations | 17,264 | 15,842 | 15,757 | 15,540 | 15,423 | 15,418 | 13,945 | 13,947 | 14,693 | 12,116 | 11,758 | 11,530 | |||||
Operating Lease Liability Noncurrent | - | - | - | - | - | - | 99 | 63 | 56 | 48 | 49 | 49 | |||||
Deferred Income Tax Liabilities Net | 1,201 | 1,049 | 765 | 569 | 512 | 697 | 839 | 250 | 118 | 1 | 1 | 1 | |||||
Asset Retirement Obligations Noncurrent | 4,046 | 4,035 | 3,944 | 3,953 | 3,937 | 3,936 | 3,884 | 3,847 | 3,806 | 2,414 | 2,350 | 2,334 | |||||
Other Liabilities Noncurrent | 1,426 | 1,527 | 1,454 | 1,326 | 1,228 | 1,270 | 1,191 | 1,112 | 1,096 | 999 | 867 | 970 | |||||
Liabilities | 35,698 | 36,440 | 32,797 | 33,310 | 33,390 | 32,187 | 29,225 | 31,818 | 30,894 | 27,644 | 26,424 | 25,098 | |||||
Redeemable Noncontrolling Interest Equity Carrying… | - | - | - | - | - | - | 3,198 | - | - | - | - | - | |||||
Equity | |||||||||||||||||
Preferred Stock Value | 2,476 | 2,476 | 2,476 | 2,476 | 2,476 | 2,476 | 2,476 | 2,476 | 2,476 | 2,476 | 2,000 | 2,000 | |||||
Common Stock Value | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | |||||
Treasury Stock Common Value | -7,303 | -6,925 | -6,675 | -6,485 | -6,248 | -5,912 | -5,684 | -5,278 | -4,947 | -4,662 | -4,278 | -3,955 | |||||
Additional Paid In Capital Common Stock | 9,499 | 9,536 | 9,491 | 9,450 | 9,407 | 9,435 | 9,396 | 10,917 | 10,878 | 10,095 | 10,075 | 9,993 | |||||
Retained Earnings Accumulated Deficit | 903 | -12 | -107 | -642 | -835 | -454 | -759 | -2,533 | -2,762 | -2,613 | -2,306 | -2,696 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | 17 | 17 | 20 | 19 | 20 | 20 | 7 | 6 | 6 | 6 | 10 | 12 | |||||
Stockholders Equity | 5,597 | 5,097 | 5,210 | 4,823 | 4,825 | 5,583 | 5,455 | 5,593 | 5,656 | 5,322 | 5,506 | 5,359 | |||||
Minority Interest | 13 | 13 | 13 | 13 | 13 | 13 | 14 | 1,714 | 1,628 | 15 | 15 | 15 | |||||
Liabilities And Stockholders Equity | 41,308 | 41,550 | 38,020 | 38,146 | 38,228 | 37,770 | 37,878 | 39,125 | 38,178 | 32,966 | 31,945 | 30,472 | |||||
Series A Preferred Stock | - | - | - | - | - | - | 0 | - | - | 0 | 0 | 0 | |||||
Series B Preferred Stock | - | - | - | - | - | - | 0 | - | - | 0 | 0 | 0 | |||||
Series C Preferred Stock | - | - | - | - | - | - | 0 | - | - | 100 | - | - | |||||
Preferred Stock Shares Authorized | 100 | 100 | 100 | 100 | 100 | 100 | 100 | - | - | 100 | 100 | 100 | |||||
Preferred Stock Liquidation Preference | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | 0 | - | - | |||||
Preferred Stock Shares Outstanding | 2 | 2 | 2 | 2 | 2 | 2 | - | - | - | 2 | - | - | |||||
Common Stock Par Or Stated Value Per Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | - | - | 0.01 | 0.01 | 0.01 | |||||
Common Stock Shares Authorized | 1,800 | 1,800 | 1,800 | 1,800 | 1,800 | 1,800 | 1,800 | - | - | 1,800 | 1,800 | 1,800 | |||||
Shares Outstanding | 338 | 338 | 339 | 339 | 340 | 340 | 341 | - | - | 351 | 362 | 370 | |||||
Treasury Stock Common Shares | 218 | 216 | 214 | 213 | 211 | 209 | 207 | - | - | 192 | 181 | 171 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.47% | 10.83% | 10.76% | - | - | - | - | - | - | - | - | - |
| 2025 | 13.95% | 38.59% | 36.57% | -6.44% | 2.63% | -0.21% | -6.36% | -15.24% | -16.05% | -15.91% | -5.87% | -19.56% |
| 2024 | 6.06% | -7.72% | -23.67% | 8.63% | 50.05% | 58.09% | 12.64% | -1.40% | 34.90% | -2.14% | -13.50% | 17.38% |
| 2023 | 0.49% | 7.58% | 13.61% | 4.88% | 10.15% | 6.30% | 4.40% | 11.48% | 18.02% | 27.12% | 20.80% | 73.09% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 0.90 | 0.78 | 0.99 | 0.90 | 0.86 | 0.96 | 1.11 | 0.98 | 1.07 | 1.18 | 1.22 | 1.17 | |||||
| Quick Ratio | 0.83 | 0.72 | 0.80 | 0.73 | 0.70 | 0.79 | 0.91 | 0.84 | 0.91 | 1.07 | 1.10 | 1.04 | |||||
| Working Capital | -1.04B | -2.64B | -45.00M | -950.00M | -1.32B | -313.00M | 871.00M | -231.00M | 658.00M | 1.81B | 1.95B | 1.29B | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 6.38 | 7.13 | 6.30 | 6.91 | 6.92 | 5.77 | 5.36 | 5.69 | 5.46 | 5.19 | 4.80 | 4.68 | |||||
| Interest Coverage TTM | 3.14 | 1.62 | 1.91 | 3.22 | 3.69 | 4.53 | 3.47 | 2.17 | 2.30 | 3.60 | 3.89 | 4.50 | |||||
| Debt Ratio | 0.86 | 0.88 | 0.86 | 0.87 | 0.87 | 0.85 | 0.77 | 0.81 | 0.81 | 0.84 | 0.83 | 0.82 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.49 | 0.45 | 0.45 | 0.48 | 0.47 | 0.49 | 0.47 | 0.40 | 0.39 | 0.45 | 0.46 | 0.49 | |||||
| Days Sales Outstanding TTM | 36.68 | 44.29 | 47.84 | 42.63 | 36.83 | 38.74 | 47.08 | 48.99 | 43.46 | 46.10 | 45.38 | 38.09 | |||||
| Receivables Turnover TTM | 9.95 | 8.24 | 7.63 | 8.56 | 9.91 | 9.42 | 7.75 | 7.45 | 8.40 | 7.92 | 8.04 | 9.58 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 6.41 | 2.73 | 3.77 | 7.20 | 7.43 | 7.98 | 5.37 | 1.43 | 1.90 | 3.58 | 3.74 | 4.26 | |||||
| Free Cash Flow Per Share TTM | 5.34 | 3.89 | 4.86 | 4.87 | 7.27 | 7.21 | 5.92 | 6.44 | 7.66 | 10.21 | 9.03 | 6.99 | |||||
| Dividend Per Share TTM | 0.89 | 0.90 | 0.90 | 0.90 | 0.92 | 0.88 | 0.92 | 0.89 | 0.90 | 0.85 | 0.83 | 0.81 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | - | - | - | - | - | - | - | - | 105.24% | 105.01% | 104.05% | 103.36% | |||||
| Operating Profit Margin TTM | 18.13% | 10.75% | 11.81% | 19.35% | 21.41% | 23.69% | 22.05% | 13.03% | 12.05% | 18.01% | 15.77% | 15.13% | |||||
| Net Profit Margin TTM | 11.27% | 5.32% | 7.56% | 13.44% | 13.95% | 16.33% | 11.56% | 3.59% | 4.94% | 9.09% | 8.94% | 9.65% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 7.41% | 2.98% | 5.69% | 31.60% | 35.02% | 16.54% | 4.48% | -15.42% | -10.78% | 7.66% | 18.19% | 50.93% | |||||
| Net Income Growth (1Y) | -13.22% | -66.43% | -30.85% | 392.67% | 281.00% | 109.38% | 35.06% | -68.54% | -390.79% | -210.99% | -687.34% | -276.76% | |||||
| EPS Growth (1Y) | -12.71% | -65.87% | -29.99% | 403.77% | 291.27% | 124.55% | 44.35% | -66.19% | -419.68% | -226.80% | -762.96% | -303.42% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 23.14 | 57.80 | 50.84 | 26.30 | 15.70 | 16.77 | 21.41 | 58.37 | 36.12 | 10.41 | 8.53 | 5.92 | |||||
| P/B TTM | 9.06 | 10.68 | 12.69 | 13.57 | 8.22 | 8.44 | 7.38 | 5.27 | 4.23 | 2.63 | 2.16 | 1.77 | |||||
| P/S TTM | 2.61 | 3.08 | 3.84 | 3.54 | 2.19 | 2.74 | 2.47 | 2.10 | 1.79 | 0.95 | 0.76 | 0.57 | |||||
| Market Cap | 50.71B | 54.56B | 66.09B | 65.44B | 39.65B | 47.15B | 40.26B | 29.48B | 23.95B | 13.99B | 11.88B | 9.50B | |||||
| Enterprise Value | 69.20B | 72.58B | 81.44B | 81.57B | 55.36B | 62.22B | 54.05B | 43.70B | 38.08B | 24.85B | 22.34B | 20.77B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 1.80B | 1.32B | 1.65B | 1.65B | 2.47B | 2.49B | 2.03B | 2.24B | 2.67B | 3.78B | 3.31B | 2.61B | |||||
| Net Debt | 18.49B | 18.02B | 15.35B | 16.14B | 15.71B | 15.08B | 13.79B | 14.23B | 14.13B | 10.86B | 10.47B | 11.27B | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
Vistra Corp. (VST) — SEC Financial Statements & Analysis
Vistra Corp. (VST) is a electric services company, incorporated in DE. Vistra Corp. trades on VST: NYSE as: VST. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), Vistra Corp. reported a 7.41% year-over-year revenue growth, a Gross Profit Margin of 105.24% (TTM), a Debt-to-Equity ratio of 6.38x, a Price-to-Sales (P/S) ratio of 2.61x (TTM), a Price-to-Book (P/B) ratio of 9.06 (TTM), at a market cap of $50.71B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 7.41%
- Gross Profit Margin TTM
- 105.24%
- Debt To Equity
- 6.38x
- P/S TTM
- 2.61x
- P/B TTM
- 9.06
- Market Cap
- $50.71B
Data as of 2026-03-31 · Source: SEC EDGAR
Frequently Asked Questions
What industry is Vistra Corp. in?
Vistra Corp. (VST) operates in the Electric Services industry.
What is VST's market cap?
Vistra Corp. (VST) has a market capitalization of $50.71B as of 2026-03-31.
What is VST's P/E ratio?
Vistra Corp. (VST)'s trailing twelve month P/E ratio is 23.14x as of 2026-03-31.
What exchange does VST trade on?
Vistra Corp. (VST) trades on the VST: NYSE.
Where is Vistra Corp. incorporated?
Vistra Corp. is incorporated in DE.