Where do Vistra's ratios come from?

Every ratio is computed from Vistra's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Vistra VST Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Operating margin	60%-3.3pp	63.3%-12.9pp	76.3%-10.2pp	86.5%+6.3pp	80.1%+9.4pp
Net margin	36.5%-1.9pp	38.3%-10.1pp	48.4%—	——	——
EBITDA margin	104.4%-4.1pp	108.5%-12.5pp	121%-8.7pp	129.6%+6.1pp	123.6%+8.7pp
Free cash flow margin	35.2%-4.4pp	39.6%-7.0pp	46.6%-2.9pp	49.5%-7.0pp	56.4%-6.3pp
Returns
Return on equity	128.2%-3.3pp	131.5%-31.2pp	162.7%—	——	——
Return on assets	17.2%-0.7pp	17.9%-5.1pp	23.1%—	——	——
Return on invested capital	46.2%+0.2pp	46%-10.2pp	56.2%-5.9pp	62.2%+7.3pp	54.9%+8.5pp
Efficiency
Asset turnover	1.9×0.0×	1.9×0.0×	1.9×0.0×	1.9×+0.1×	1.8×+0.1×
Liquidity
Current ratio	3.6×0.0×	3.5×-0.2×	3.7×-0.1×	3.8×-0.1×	3.9×-0.2×
Quick ratio	3.3×+0.1×	3.2×-0.1×	3.3×-0.1×	3.4×-0.1×	3.5×-0.2×
Cash ratio	0.3×0.0×	0.3×-0.1×	0.3×0.0×	0.4×-0.1×	0.5×-0.1×
Leverage
Debt-to-equity	13.8×-0.3×	14.1×+0.8×	13.3×+0.4×	13×+0.6×	12.4×+1.0×
Debt-to-assets	1.8×0.0×	1.8×0.0×	1.8×0.0×	1.8×0.0×	1.7×+0.1×
Net debt / EBITDA	14.8×+0.4×	14.4×+2.1×	12.3×+1.1×	11.2×-1.3×	12.5×-1.6×
Interest coverage	9.9×-0.6×	10.4×-2.9×	13.4×-1.6×	14.9×+1.1×	13.9×+1.4×
Per Share
Book value per share	$60.18+3.7%	$58.00-1.8%	$59.06-0.7%	$59.49-3.0%	$61.32-3.2%
Valuation
Market capitalization	$235.11B+4.9%	$224.17B+3.6%	$216.41B+13.2%	$191.17B+21.0%	$158B+10.9%
Enterprise value	$304.01B+4.1%	$291.94B+3.8%	$281.25B+10.5%	$254.49B+16.0%	$219.42B+9.2%
Price / earnings	164.7×+6.2×	158.4×+40.3×	118.2×—	——	——
Price / sales	13×+0.4×	12.6×+0.4×	12.2×+1.3×	10.9×+1.3×	9.6×+0.4×
Price / book	45.7×+0.8×	44.8×+2.3×	42.5×+5.2×	37.4×+7.7×	29.6×+4.0×
EV / EBITDA	65.6×+2.9×	62.7×+8.2×	54.5×+9.6×	44.9×+1.1×	43.8×-2.5×
EV / sales	16.8×+0.4×	16.4×+0.5×	15.9×+1.4×	14.5×+1.1×	13.3×+0.3×
Free cash flow yield	11%-2.6pp	13.7%-2.9pp	16.6%-2.5pp	19%-4.8pp	23.9%-4.7pp
Earnings yield	11.6%-1.7pp	13.3%-3.9pp	17.3%—	——	——
Dividend yield	2.1%-0.2pp	2.3%-0.1pp	2.4%-0.3pp	2.7%-0.5pp	3.2%-0.5pp

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Questions, answered.

Where do Vistra's ratios come from?: Every ratio is computed from Vistra's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.