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Profile & Fundamentals

Vistra Energy Profile & Fundamentals

Name: Vistra Energy financial chart data preview
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Company and Market Context

Company Profile & Ownership

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company in the United States. The company operates through five segments: Retail, Texas, East, West, and Asset Closure. The company retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia. It is also involved in electricity generation, wholesale energy purchases and sales, commodity risk management, fuel procurement, and fuel logistics management activities. In addition, the company engages in decommissioning and reclamation of retired generation facilities, including mines, and battery removal and remediation activities. It serves approximately 5 million customers with a generation capacity of approximately 44,000 megawatts with a portfolio of natural gas, nuclear, coal, solar, and battery energy storage facilities. The company was formerly known as Vistra Energy Corp. and changed its name to Vistra Corp. in July 2020. Vistra Corp. was founded in 1882 and is based in Irving, Texas.

Company profile record

Vistra Corp.

Common Stock · Utilities · Independent Power Producers & Energy Traders

Official website

Company

Company / asset: Vistra Corp.
Security type: Common Stock
Sector: Utilities
Industry: Independent Power Producers & Energy Traders
HQ: 🇺🇸 United States
Head office: 6555 Sierra Drive, Irving, TX, United States, 75039

Leadership & scale

Chief executive: Mr. James A. Burke CPA
CEO year born: 1968
Full-time employees: 6.4K
Fiscal year end: December
IPO date: 2016-10-04

Fundamentals snapshot

Updated 2026-09-16

Market Cap: USD 47.8B
P/E: 21.5x
Revenue (Q2 26): USD 4.0B
Profit (Q2 26): USD 305.0M
Dividend Yield: 0.6%
Revenue (FY 25): USD 17.0B
Shares in public float: 312.9M
Insider ownership: 0.78%

Reporting & identifiers

Symbol: VST.NYSE
Listing: 🇺🇸 United States | Dividend Tax: 30%
Ticker Currency: USD
Income Statement Currency: USD
Balance Sheet Currency: USD
Cash Flow Currency: USD
EPS Currency: USD
Contract Type: SPOT
ISIN: US92840M1027
Asset ID: equity_9d99e626-9bd8-5d26-b4f7-a12e5b614da1

Ownership

Shares Outstanding

Shares outstanding

Annual reported shares outstanding. Values in shares.

Top holders

BlackRock Inc28,480,341 shares · 8.49% · Reported 2026-03-31
Vanguard Capital Management, LLC21,393,960 shares · 6.37% · Reported 2026-03-31
Vanguard Portfolio Management, LLC16,902,218 shares · 5.04% · Reported 2026-03-31
State Street Corp16,770,480 shares · 5.00% · Reported 2026-03-31
FMR Inc15,808,007 shares · 4.71% · Reported 2026-03-31
Vanguard MStar Total Stk Mkt Idx Invest10,737,914 shares · 3.20% · Reported 2026-07-31
Geode Capital Management, LLC9,033,671 shares · 2.69% · Reported 2026-03-31

View more holders (8)

Vanguard 500 Index Investor8,318,815 shares · 2.48% · Reported 2026-07-31
Morgan Stanley - Brokerage Accounts8,256,938 shares · 2.46% · Reported 2026-03-31
JPMorgan Chase & Co7,489,657 shares · 2.23% · Reported 2026-03-31
Vanguard MStar Mid Cap Index Instl7,297,354 shares · 2.17% · Reported 2026-07-31
NORGES BANK5,811,201 shares · 1.73% · Reported 2026-06-30
State Street®UtilSelSectSPDR®ETF5,252,897 shares · 1.57% · Reported 2026-08-31
UBS Group AG4,597,984 shares · 1.37% · Reported 2026-03-31
iShares Core S&P 500 ETF4,220,535 shares · 1.26% · Reported 2026-08-31

Earnings, Profitability & Valuation

Earnings & Revenue

AI Review

The company's financial performance shows a powerful shift from a volatile power seller to a highly stable cash generator. While recent top-line revenues have looked choppy due to falling wholesale power prices and accounting adjustments on energy hedges, the underlying cash flow remains incredibly strong. The company is guiding toward massive free cash flow, which it is using to aggressively buy back its own shares. Analysts agree that the transition to long-term contracts with tech giants will make future earnings highly predictable and secure. However, there is some disagreement on how quickly these profits will show up on the official financial statements, as some warn that near-term results will continue to be distorted by paper losses on older hedges. Overall, the financial engine is highly supportive of long-term growth.

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

Published P/E

Published valuation snapshots. Trailing four-quarter earnings where available; annual earnings otherwise. Non-positive earnings are omitted. Values in times earnings.

Profitability & Margins

AI Review

The company's profit margins are undergoing a structural expansion, driven by the extreme scarcity of reliable electricity in a congested power grid. While margins have shown some short-term volatility due to complex accounting rules for energy hedges, the underlying trend is strongly upward. By locking in long-term, high-priced contracts with tech companies, the company is shielding its from the ups and downs of the standard energy market. Analysts agree that the company's zero-cost nuclear power provides incredible profit leverage in a high-demand world. However, there is some disagreement on whether future government regulations or rising natural gas costs could cap these high margins. Despite these concerns, the overall outlook is highly favorable, as the company's unique position allows it to maintain strong pricing power.

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

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Reported Data Tables — chart preview

The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-09-17.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2016-12-31	5,258,000,000	-509,000,000	22,688,000,000	17.46	5.15	431.49	-9.68
2017-12-31	5,380,000,000	855,000,000	-254,000,000	14.14	2.99	-4.72	15.89
2018-12-31	9,144,000,000	975,000,000	-54,000,000	30.74	5.37	-0.59	10.66
2019-12-31	11,502,000,000	2,127,000,000	928,000,000	22.25	14.42	8.07	18.49
2020-12-31	11,062,000,000	2,078,000,000	636,000,000	22.61	13.4	5.75	18.79
2021-12-31	13,333,000,000	-1,239,000,000	-1,274,000,000	0.45	-7.41	-9.56	-9.29
2022-12-31	17,837,000,000	-816,000,000	-1,227,000,000	21.38	14.79	-6.88	-4.57
2023-12-31	15,543,000,000	3,777,000,000	1,493,000,000	33.27	25.18	9.61	24.3
2024-12-31	19,377,000,000	2,485,000,000	2,659,000,000	39.7	32.14	13.72	12.82
2025-12-31	16,972,000,000	129,000,000	944,000,000	17.52	7.87	5.56	0.76

Published valuation snapshots
Period end	P/E (times earnings)	Earnings basis
2025-12-31	58.07	Trailing four quarters
2024-12-31	17.62	Trailing four quarters
2023-12-31	9.07	Trailing four quarters

Shares outstanding — chart values
Reporting date	Shares outstanding
2017-01-01	428,450,400
2018-01-01	501,985,900
2019-01-01	487,698,100
2020-01-01	489,305,900
2021-01-01	469,072,600
2022-01-01	391,261,300
2023-01-01	351,457,000
2024-01-01	339,754,300
2025-01-01	339,800,000
2026-01-01	339,800,000

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Balance Sheet
- Balance sheet AI review
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Dividends & Actions
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