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NYSE · Utilities

Vistra Corp. (VST)

As-reported financials and recent SEC filings for Vistra Corp., latest fiscal period FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Vistra Corp.

Vistra Corp. is an integrated retail electricity and power generation company serving approximately 5 million residential, commercial, and industrial customers across 18 U.S. states and the District of Columbia. The company operates a diverse generation fleet with about 44,000 megawatts of capacity, including natural gas, coal, nuclear, solar, and battery storage facilities. Vistra's operations include retail electricity and natural gas sales, wholesale power generation, and the decommissioning of retired generation assets.

Snapshot

Revenue
$17.59B
Revenue growth (YoY)
19.1%
Net income
$944.0M
Diluted EPS
$2.18
Gross margin
Operating margin
10.8%
Net margin
5.4%
FCF margin
7.5%
ROE
18.5%
P/E (TTM)
26.3×
Market cap
$52.96B
Debt / equity
3.1×

Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (typically within the past week).

What changed at Vistra

  • Revenue grew 19.1% to $17.6B in FY2025, faster than the 6.9% the year before.
  • Operating margin turned positive at 10.8% in FY2025, from a 8.6% operating loss in FY2021.
  • Most recent quarter Q1 FY2026: revenue $5.0B, up 17.7% from Q1 FY2025.
  • Free cash flow was $1.3B in FY2025, 7.5% of revenue.
  • Net income fell 64.5% to $944M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Vistra’s fundamentals sit among the 98 Utilities companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin10.8%
20th percentile of 86
Net margin5.4%
23rd percentile of 91
FCF margin7.5%
76th percentile of 76
Revenue growth (YoY)+19.1%
85th percentile of 94
ROE18.5%
93rd percentile of 89
P/E (TTM)26.3×
70th percentile of 83
Debt / equity3.10×
94th percentile of 84
Short interest3.17d
23rd percentile of 98

Vistra’s debt to equity of 3.10 ranks in the 94th percentile of the 84 Utilities companies reporting it. Vistra’s return on equity of 18.5% ranks in the 93rd percentile of the 89 Utilities companies reporting it. Vistra’s revenue growth of +19.1% ranks in the 85th percentile of the 94 Utilities companies reporting it.

No open-market insider buys in the last 90 days; 8 insider sales totaling $9.3M. For context, about 16% of companies in the universe saw any open-market insider buying in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 5 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F (latest Q1 2026).

Conviction investors
5
+7 quant / multi-strat
Initiated / added
8
1 new, 7 added
Reduced / exited
5
4 trimmed, 1 exited
Combined position
$1.87B
reported long value
InvestorAs ofPosition valueSharesChange
Lone Pine CapitalQ1 2026$930.2M6.2MAdded
AppaloosaQ1 2026$304.0M2.0MAdded
Renaissance TechnologiesquantQ1 2026$159.6M1.1MAdded
Point72 Asset ManagementquantQ1 2026$138.1M918.7KReduced
Citadel AdvisorsquantQ1 2026$119.5M794.6KReduced
Bridgewater AssociatesQ1 2026$52.4M348.5KAdded
Millennium ManagementquantQ1 2026$46.7M310.8KReduced
D. E. ShawquantQ1 2026$40.2M267.1KReduced
Soros Fund ManagementQ1 2026$36.7M244.3KNew
AQR Capital ManagementquantQ1 2026$22.6M151.6KAdded
Gotham Asset ManagementQ1 2026$18.5M122.9KAdded
Two Sigma InvestmentsquantQ1 2026$6.0M39.6KAdded

No longer held by: Third Point (as of Q1 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
open-market
Bought (90d)
open-market value
Sells (90d)
8
$9.3M
Signal
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-06-18
filed 2026-06-23
Acosta ArciliaDirectorSell7.5K$170.00$1.3M
2026-06-18
filed 2026-06-23
Acosta ArciliaDirectorSell7.5K$165.04$1.2M
2026-06-18
filed 2026-06-23
SULT JOHN RDirectorSell6.5K$170.00$1.1M
2026-06-16
filed 2026-06-18
HELM SCOTT BDirectorSell25.0K$160.00$4.0M
2026-06-15
filed 2026-06-16
BARBAS PAUL MDirectorSell244$153.00$37K
2026-06-12
filed 2026-06-16
BARBAS PAUL MDirectorSell244$147.93$36K
2026-06-02
filed 2026-06-04
Montemayor MargaretSVP, Chief Accounting OfficerSell4.6K$160.00$736K
2026-05-27
filed 2026-05-29
Montemayor MargaretSVP, Chief Accounting OfficerSell5.0K$164.96$825K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
12.6M
settled 2026-07-15
Change vs prior
-20.8%
vs previous settlement
Days to cover
3.17
at avg daily volume
Avg daily volume
4.0M
FINRA reported
SettlementShares shortChangeDays to cover
2026-07-1512.6M-20.8%3.17
2026-06-3015.9M+3.6%3.45
2026-06-1515.4M-2.2%3.66
2026-05-2915.7M+16.9%2.64
2026-05-1513.4M+7.8%2.31
2026-04-3012.5M+11.0%3.26
2026-04-1511.2M+20.4%3.31
2026-03-319.3M+5.8%2.05

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$17.59B$14.76B$13.80B$13.73B$17.70B
Gross profit
Operating income$1.91B$4.08B$2.66B$-1.18B$-1.51B
Net income$944.0M$2.66B$1.49B$-1.23B$-1.27B
Diluted EPS$2.18$7.00$3.58$-3.26$-2.69

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$4.07B$4.56B$5.45B$485.0M$-206.0M
Capital expenditure$2.75B$2.08B$1.68B$1.30B$1.03B
Free cash flow$1.32B$2.48B$3.78B$-816.0M$-1.24B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2026$5.00B17.7%$1.03B$2.87
Q4 FY2025$4.80B31.2%$233.0M$0.68
Q3 FY2025$4.78B10.1%$652.0M$1.75
Q2 FY2025$3.75B4.3%$327.0M$0.81
Q1 FY2025$4.25B34.5%$-268.0M$-0.93
Q4 FY2024$3.66B27.2%$441.0M$1.26
Q3 FY2024$4.34B-9.4%$1.89B$5.25
Q2 FY2024$3.60B18.9%$365.0M$0.90

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorUtilities
SIC industryElectric Services
Fiscal year endDecember 31
Latest fiscal periodFY2025
SEC filings since2016
SEC CIK1692819

Recent SEC filings

10-K2026-02-27
View on EDGAR →
10-K2025-02-28
View on EDGAR →
10-Q2026-05-08
View on EDGAR →
10-Q2025-11-07
View on EDGAR →
10-Q2025-08-08
View on EDGAR →
10-Q2025-05-08
View on EDGAR →
8-K2026-07-16
View on EDGAR →
8-K2026-07-14
View on EDGAR →

Largest Utilities peers

All Utilities companies →

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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.