Vistra Corp (VST) financials
Vistra revenue and earnings by year
Vistra's revenue was $17.7 billion in the fiscal year to December 31, 2025, up 3.0% from the year before. Net income was $944 million, 5.3% of revenue. Since the fiscal year to December 31, 2017, revenue has grown 15.9% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 9 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 17.7 | 17.2 | 14.8 | 13.7 | 12.1 | 11.4 | 11.8 | 9.1 | 5.4 |
| Revenue growth | 3.0% | 16.5% | 7.7% | 13.7% | 5.5% | -3.1% | 29.1% | 68.4% | — |
| Gross profit | 8.6 | 9.9 | 7.2 | 3.3 | 2.9 | 6.3 | 6.1 | 4.1 | 2.5 |
| Gross margin | 48.7% | 57.7% | 48.9% | 24.2% | 24.1% | 54.8% | 51.4% | 44.9% | 45.9% |
| Operating income | 1.9 | 4.1 | 2.7 | -1.2 | -1.5 | 1.5 | 2.0 | 0.5 | 0.2 |
| Operating margin | 10.7% | 23.7% | 18.0% | -8.6% | -12.5% | 13.3% | 16.9% | 5.4% | 3.6% |
| Net income | 0.9 | 2.7 | 1.5 | -1.2 | -1.3 | 0.6 | 0.9 | -0.1 | -0.3 |
| Net margin | 5.3% | 15.4% | 10.1% | -8.9% | -10.5% | 5.6% | 7.9% | -0.6% | -4.7% |
| Diluted EPS | $2.18 | $7.00 | $3.58 | -$3.26 | -$2.69 | $1.30 | $1.86 | — | -$0.59 |
| Free cash flow | 1.4 | 2.7 | 3.9 | -0.7 | -1.2 | 2.1 | 2.0 | 0.9 | 1.0 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open VST in Markets.
How Vistra makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Retail Energy Charge In ERCOT | $2.25B | 51.2% |
| Retail Energy Charge In Northeast Midwest | $1.09B | 24.8% |
| Wholesale Generation Revenue From ERCOT | $620M | 14.1% |
| Revenue From Other Wholesale Contracts | $303M | 6.9% |
| Capacity Revenue | $134M | 3.0% |
See also: VST valuation and P/E history · VST returns
No forecast, no recommendation. This page describes Vistra Corp from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.