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Vistra

VST

Vistra Corp. is a leading integrated retail electricity and power generation company operating across 18 states and the District of Columbia.

Market cap
$47B-28.7%
Revenue$19.2B+3.8%
Net income$2.2B-7.1%
Free cash flow$2.3B+36.4%
EPS (diluted)$5.92-5.6%
Trailing twelve months · change vs. prior year

Earnings

Next report

Nov 5, 2026 (in 2 months)
Revenue estimate$7.2B
EPS estimate$2.88

Financials

Q2 2026

Income statement

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Revenue$4.0B-5.5%
Operating income$553.0M+7.4%
Net income$305.0M-6.7%
EPS (diluted)$0.76-6.2%

Balance sheet

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Cash & equivalents$481.0M-2.8%
Total debt$19.6B+15.8%
Total equity$5.5B+13.7%
Total assets$42.6B+11.7%

Cash flow

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Operating cash flow$1.0B+78.8%
CapEx$689.0M-0.1%
Free cash flow$334.0M+383%

Valuation & ratios

Valuation

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Market cap$47B-28.7%
Enterprise value$66.11B-19.7%
P/E21.2×-6.4×
P/S2.5×-1.1×

Profitability

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Operating margin18.5%-0.8pp
Net margin11.6%-1.4pp
FCF margin11.7%+2.8pp

Returns & leverage

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Return on equity43.1%-2.8pp
Debt / equity3.6×+0.1×
Current ratio+0.1×

Segments

By product

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Retail energy charge in ERCOT$2.3B+2.1%
Retail energy charge in Northeast/Midwest$1.1B+37.6%
Wholesale generation revenue from ISO/RTO$620.0M+30.8%
Revenue from other wholesale contracts$303.0M+21.2%
Hedging revenues — realized$154.0M-63.9%

By segment

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Retail$3.6B+2.2%
Texas$1.4B-20.7%
East$954.0M-35.5%
West$79.0M+16.2%
Asset Closure--100%

Competitors

Profile

Vistra Corp. is a leading integrated retail electricity and power generation company operating across 18 states and the District of Columbia. The company leverages a customer-centric retail platform combined with a diverse, large-scale generation fleet to provide essential power resources. Its integrated model is designed to mitigate commodity price volatility and provide stable cash flows through the alignment of wholesale production with retail sales.

Competitive position

Vistra is one of the largest competitive power generators and residential retail electricity providers in the United States, maintaining a dominant presence in the ERCOT market.

GeographiesUnited States
Customer segmentsResidential consumers, Commercial enterprises, Industrial manufacturers, Wholesale energy markets
Business modelIntegrated Utility, B2C Retail Energy, Wholesale Commodity Trading
SuppliersNatural gas suppliers, Uranium enrichment and fabrication services, Coal and lignite mining operations, Rail and barge transportation providers, Solar panel and battery storage manufacturers
CustomersResidential households, Commercial businesses, Industrial facilities, Wholesale power market participants
Listed2016
Employees4.9K
CEOJames A. Burke
SectorUtilities
FilingsSEC EDGAR

FAQ

What is Vistra's market cap?
Vistra (VST) has a market capitalization of $47.0B and trades on NYSE.
What is Vistra's revenue and profitability?
Vistra generated $19.2B in trailing twelve-month revenue with net income of $2.2B, representing a net margin of 11.6%, with free cash flow of $2.3B. These figures are based on the Q2 2026 filing.
Who are Vistra's competitors?
Vistra's key competitors include NRG Energy, Constellation Energy, NextEra Energy, and others. These companies compete in similar markets and product categories.
Who does Vistra partner with?
Vistra's notable partners include ERCOT, PJM Interconnection, ISO New England, and others.
What subsidiaries does Vistra have?
Vistra's subsidiaries include TXU Energy, Ambit Energy, Energy Harbor, and others.
Where is Vistra headquartered?
Vistra is headquartered in United States of America and employs approximately 4,870 people. It has been publicly traded since 2016.