Vistra (VST) Financials

$163.70 +5.54 (+3.50%)

Closing price 05/27/2025 03:59 PM Eastern

Extended Trading

$163.18 -0.52 (-0.32%)

As of 04:30 AM Eastern

Annual Income Statements for Vistra

This table shows Vistra's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	2,467	1,343	-1,377	-1,295	636	928	-54	-254	-4,677
Consolidated Net Income / (Loss)	2,812	1,492	-1,210	-1,264	624	926	-56	-254	-4,677
Net Income / (Loss) Continuing Operations	2,812	1,492	-1,210	-1,264	624	926	-56	-254	-4,677
Total Pre-Tax Income	3,467	2,000	-1,560	-1,722	890	1,216	-101	250	-5,556
Total Operating Income	4,081	2,661	-1,177	-1,515	1,519	1,993	491	198	-4,091
Total Gross Profit	9,939	7,222	3,327	2,908	6,269	6,067	4,108	2,495	2,678
Total Revenue	17,224	14,779	13,728	12,077	11,443	11,809	9,144	5,430	5,370
Operating Revenue	17,224	14,779	13,728	12,077	11,443	11,809	9,144	5,430	5,370
Total Cost of Revenue	7,285	7,557	10,401	9,169	5,174	5,742	5,036	2,935	2,692
Operating Cost of Revenue	7,285	7,557	10,401	9,169	5,174	5,742	5,036	2,935	2,692
Total Operating Expenses	5,858	4,561	4,504	4,423	4,750	4,074	3,617	2,297	6,769
Selling, General & Admin Expense	4,015	3,010	2,834	2,599	2,657	2,434	2,223	1,573	1,510
Depreciation Expense	1,843	1,502	1,596	1,753	1,737	1,640	1,394	699	852
Impairment Charge	0.00	49	74	71	356	0.00	0.00	25	4,741
Total Other Income / (Expense), net	-614	-661	-383	-207	-629	-777	-592	52	-1,465
Interest Expense	900	740	368	384	630	797	572	193	1,289
Other Income / (Expense), net	286	79	-15	177	-3.00	4.00	-37	245	-176
Income Tax Expense	655	508	-350	-458	266	290	-45	504	-879
Preferred Stock Dividends Declared	192	150	150	21	0.00	-	-	-	-
Net Income / (Loss) Attributable to Noncontrolling Interest	153	-1.00	17	10	-12	-2.00	-2.00	0.00	-
Basic Earnings per Share	$7.16	$3.63	($3.26)	($2.69)	$1.30	$1.88	($0.11)	($0.59)	-
Weighted Average Basic Shares Outstanding	344.79M	369.77M	422.45M	482.21M	488.67M	494.15M	504.95M	427.76M	-
Diluted Earnings per Share	$7.00	$3.58	($3.26)	($2.69)	$1.30	$1.86	($0.11)	($0.59)	-
Weighted Average Diluted Shares Outstanding	352.57M	375.19M	422.45M	482.21M	491.09M	499.94M	504.95M	427.76M	-
Weighted Average Basic & Diluted Shares Outstanding	338.96M	347.89M	381.45M	448.80M	483.72M	487.73M	485.89M	861M	-
Cash Dividends to Common per Share	$0.87	$0.82	$0.72	-	-	$0.13	-	-	-

This table shows Vistra's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-317	393	1,840	318	-84	-222	465	439	661	-283	631
Consolidated Net Income / (Loss)	-268	490	1,837	467	18	-184	502	476	698	-247	678
Net Income / (Loss) Continuing Operations	-268	490	1,837	467	18	-184	502	476	698	-247	678
Total Pre-Tax Income	-444	451	2,392	626	-2.00	-146	671	599	876	-335	914
Total Operating Income	-120	599	2,588	808	86	105	834	591	1,131	-100	894
Total Gross Profit	1,486	2,272	4,081	2,248	1,338	1,276	1,977	1,714	2,255	1,048	2,007
Total Revenue	3,933	4,037	6,288	3,845	3,054	3,079	4,086	3,189	4,425	3,869	5,146
Operating Revenue	3,933	4,037	6,288	3,845	3,054	3,079	4,086	3,189	4,425	3,869	5,146
Total Cost of Revenue	2,447	1,765	2,207	1,597	1,716	1,803	2,109	1,475	2,170	2,821	3,139
Operating Cost of Revenue	2,447	1,765	2,207	1,597	1,716	1,803	2,109	1,475	2,170	2,821	3,139
Total Operating Expenses	1,606	1,673	1,493	1,440	1,252	1,171	1,143	1,123	1,124	1,148	1,113
Selling, General & Admin Expense	1,084	1,136	1,027	1,003	849	779	768	754	709	692	723
Depreciation Expense	522	537	466	437	403	392	375	369	366	382	390
Total Other Income / (Expense), net	-324	-148	-196	-182	-88	-251	-163	8.00	-255	-235	20
Interest Expense	319	157	332	241	170	290	143	100	207	181	71
Other Income / (Expense), net	-5.00	9.00	136	59	82	39	-20	108	-48	-54	91
Income Tax Expense	-176	-39	555	159	-20	38	169	123	178	-88	236
Preferred Stock Dividends Declared	49	48	48	47	49	38	37	37	38	38	37
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	49	-51	102	53	-	0.00	0.00	-1.00	-2.00	10
Basic Earnings per Share	($0.93)	$1.12	$5.36	$0.92	($0.24)	($0.54)	$1.27	$1.18	$1.72	($0.80)	$1.53
Weighted Average Basic Shares Outstanding	339.80M	344.79M	342.97M	347.05M	348.97M	369.77M	366.57M	372.96M	383.63M	422.45M	413.76M
Diluted Earnings per Share	($0.93)	$1.09	$5.25	$0.90	($0.24)	($0.55)	$1.25	$1.17	$1.71	($0.78)	$1.51
Weighted Average Diluted Shares Outstanding	339.80M	352.57M	350.20M	354.33M	348.97M	375.19M	372.15M	376.79M	387.55M	422.45M	417.48M
Weighted Average Basic & Diluted Shares Outstanding	339.33M	338.96M	340.23M	343.56M	347.46M	347.89M	357.55M	367.57M	373.03M	381.45M	397.95M

This table details how cash moves in and out of Vistra's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2015
Net Change in Cash & Equivalents	-2,317	3,014	-834	915	-31	-218	-1,353	458	-443
Net Cash From Operating Activities	4,563	5,453	485	-206	3,337	2,736	1,471	1,386	237
Net Cash From Continuing Operating Activities	4,563	5,453	485	-208	3,337	2,736	1,471	1,386	237
Net Income / (Loss) Continuing Operations	2,812	1,492	-1,210	-1,264	624	926	-56	-254	-4,677
Consolidated Net Income / (Loss)	2,812	1,492	-1,210	-1,264	624	926	-56	-254	-4,677
Depreciation Expense	2,631	1,956	2,047	2,050	2,048	1,876	1,533	835	995
Non-Cash Adjustments To Reconcile Net Income	-267	1,831	2,572	-211	362	-111	563	234	4,676
Changes in Operating Assets and Liabilities, net	-613	174	-2,924	-783	303	45	-569	571	-757
Net Cash From Investing Activities	-5,276	-2,145	-1,239	-1,153	-1,572	-1,717	-101	-727	-650
Net Cash From Continuing Investing Activities	-5,276	-2,145	-1,239	-1,153	-1,572	-1,717	-101	-727	-650
Purchase of Property, Plant & Equipment	-2,078	-1,676	-1,301	-1,033	-1,259	-713	-530	-114	-337
Acquisitions	-4,291	-1,071	-1,303	-605	-504	-1,202	-5.00	-358	0.00
Purchase of Investments	-2,239	-624	-693	-505	-455	-453	-274	-272	-418
Sale of Property, Plant & Equipment	196	115	78	30	24	6.00	7.00	-	-
Divestitures	773	500	1,275	392	165	197	446	1.00	-
Sale and/or Maturity of Investments	2,216	601	670	483	433	431	252	252	401
Other Investing Activities, net	147	10	35	85	24	17	3.00	-236	-296
Net Cash From Financing Activities	-1,604	-294	-80	2,274	-1,796	-1,237	-2,723	-201	-30
Net Cash From Continuing Financing Activities	-1,604	-294	-80	2,274	-1,796	-1,237	-2,723	-201	-30
Repayment of Debt	-4,229	-759	-4,501	-3,415	-2,455	-7,606	-3,311	-201	-21
Repurchase of Preferred Equity	-122	0.00	0.00	-	-	-	-	-	-
Repurchase of Common Equity	-1,266	-1,245	-1,949	-471	0.00	-656	-763	0.00	-
Payment of Dividends	-2,406	-463	-453	-290	-266	-243	0.00	0.00	0.00
Issuance of Debt	6,419	2,173	6,823	3,950	925	7,157	1,012	0.00	0.00

This table details how cash moves in and out of Vistra's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-626	282	-721	545	-2,423	314	2,527	125	48	-43	-1,339
Net Cash From Operating Activities	599	1,353	1,702	1,196	312	881	1,560	1,577	1,435	393	815
Net Cash From Continuing Operating Activities	599	1,353	1,702	1,196	312	881	1,560	1,577	1,435	393	815
Net Income / (Loss) Continuing Operations	-268	490	1,837	467	18	-184	502	476	698	-248	679
Consolidated Net Income / (Loss)	-268	490	1,837	467	18	-184	502	476	698	-248	679
Depreciation Expense	772	740	714	622	555	514	501	464	477	472	521
Non-Cash Adjustments To Reconcile Net Income	569	432	-1,298	322	277	2,410	-1,619	669	371	567	-403
Changes in Operating Assets and Liabilities, net	-474	-309	449	-215	-538	-1,859	2,176	-32	-111	-398	18
Net Cash From Investing Activities	-1,061	-317	-762	-669	-3,528	-763	-415	-454	-513	-353	-277
Net Cash From Continuing Investing Activities	-1,061	-317	-762	-669	-3,528	-763	-415	-454	-513	-353	-277
Purchase of Property, Plant & Equipment	-768	-430	-685	-498	-465	-414	-336	-442	-484	-392	-296
Acquisitions	-307	-715	-152	-223	-3,201	-794	-87	-129	-61	-960	-85
Purchase of Investments	-2,112	-649	-802	-568	-220	-129	-233	-137	-125	-247	-101
Sale of Property, Plant & Equipment	0.00	59	8.00	2.00	127	4.00	1.00	108	2.00	57	7.00
Divestitures	21	626	82	48	17	441	12	12	35	917	92
Sale and/or Maturity of Investments	2,107	643	796	563	214	123	227	132	119	242	94
Other Investing Activities, net	-2.00	149	-9.00	7.00	0.00	6.00	1.00	2.00	1.00	30	12
Net Cash From Financing Activities	-164	-754	-1,661	18	793	196	1,382	-998	-874	-83	-1,877
Net Cash From Continuing Financing Activities	-164	-754	-1,661	18	793	196	1,382	-998	-874	-83	-1,877
Repayment of Debt	-5.00	-63	-2,511	-863	-792	-13	21	4.00	-771	-24	-1,306
Repurchase of Preferred Equity	0.00	-	-	-	-122	-	-	-	0.00	-	-
Repurchase of Common Equity	-337	-245	-399	-331	-291	-379	-314	-251	-301	-359	-396
Payment of Dividends	-104	-2,063	-103	-163	-77	-160	-75	-151	-77	-150	-75
Issuance of Debt	332	1,617	1,352	1,375	2,075	748	1,750	-600	275	1,075	-
Other Financing Activities, net	-50	-	-	-	-	-	-	-	-	-	-100

This table presents Vistra's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016
Total Assets	37,770	32,966	32,787	29,683	25,208	26,616	26,024	14,600	15,167
Total Current Assets	8,119	11,637	11,116	7,883	3,429	4,114	3,435	2,673	2,473
Cash & Equivalents	1,188	3,485	455	1,325	406	300	636	1,487	843
Restricted Cash	28	40	37	21	19	147	57	59	95
Short-Term Investments	2,587	3,645	4,538	2,513	748	1,333	730	190	350
Accounts Receivable	1,982	1,674	2,059	1,941	1,279	1,365	1,087	582	612
Inventories, net	970	740	570	610	515	469	412	253	285
Prepaid Expenses	515	364	293	195	205	298	152	72	75
Current Deferred & Refundable Income Taxes	8.00	6.00	27	15	0.00	-	-	-	-
Other Current Assets	841	1,683	3,137	1,263	257	202	361	30	213
Plant, Property, & Equipment, net	18,173	12,432	12,554	13,056	13,499	13,914	14,612	4,820	4,443
Total Noncurrent Assets	11,478	8,897	9,117	8,744	8,280	8,588	7,977	7,107	8,251
Long-Term Investments	4,512	2,035	1,762	2,062	1,778	1,689	1,381	1,740	1,714
Goodwill	2,807	2,583	2,583	2,583	2,583	2,553	2,068	1,907	1,907
Intangible Assets	2,213	1,864	1,958	2,146	2,446	2,748	2,493	2,530	3,205
Noncurrent Deferred & Refundable Income Taxes	9.00	1,223	1,710	1,302	838	1,066	1,336	710	1,122
Other Noncurrent Operating Assets	1,937	1,192	1,104	651	635	532	699	220	303
Total Liabilities & Shareholders' Equity	37,770	32,966	32,787	29,683	25,208	26,616	26,024	14,600	15,167
Total Liabilities	32,187	27,644	27,869	21,391	16,847	18,656	18,157	8,258	8,570
Total Current Liabilities	8,432	9,823	10,337	5,843	3,036	4,574	3,625	1,351	1,504
Short-Term Debt	880	2,286	688	254	95	627	191	44	46
Accounts Payable	1,510	1,147	1,556	1,515	880	947	945	473	479
Other Taxes Payable	209	203	199	207	210	200	182	136	128
Other Current Liabilities	5,640	5,981	7,734	3,724	1,704	2,648	2,220	624	787
Other Current Nonoperating Liabilities	193	206	160	143	131	151	77	16	33
Total Noncurrent Liabilities	23,755	17,821	17,532	15,548	13,811	14,082	14,532	6,907	7,066
Long-Term Debt	15,418	12,116	11,933	10,477	9,235	10,102	10,874	4,379	4,577
Asset Retirement Reserve & Litigation Obligation	3,936	2,414	2,309	2,346	2,333	2,097	2,217	1,837	1,671
Noncurrent Deferred & Payable Income Tax Liabilities	697	1.00	1.00	0.00	1.00	2.00	10	0.00	-
Other Noncurrent Operating Liabilities	3,704	3,290	3,289	2,725	2,242	1,881	1,431	691	818
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	5,583	5,322	4,918	8,292	8,361	7,960	7,867	6,342	6,597
Total Preferred & Common Equity	5,570	5,307	4,902	8,291	8,371	7,959	7,863	6,342	6,597
Preferred Stock	2,476	2,476	2,000	2,000	-	-	-	-	-
Total Common Equity	3,094	2,831	2,902	6,291	8,371	7,959	9,419	6,342	6,597
Common Stock	9,440	10,100	9,933	9,829	9,791	9,726	10,112	7,769	7,746
Retained Earnings	-454	-2,613	-3,643	-1,964	-399	-764	-1,449	-1,410	-1,155
Treasury Stock	-5,912	-4,662	-	-	-	-	-778	-	-
Accumulated Other Comprehensive Income / (Loss)	20	6.00	7.00	-16	-48	-30	-22	-17	6.00
Noncontrolling Interest	13	15	16	1.00	-10	1.00	4.00	0.00	-

This table presents Vistra's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	38,228	37,878	39,125	38,178	31,945	30,472	31,117	35,175
Total Current Assets	8,430	8,531	9,826	9,433	10,699	8,911	9,512	13,145
Cash & Equivalents	561	905	1,624	1,070	3,170	643	518	535
Restricted Cash	29	29	23	32	40	40	23	23
Short-Term Investments	3,335	2,854	3,332	3,557	3,108	3,991	4,589	6,786
Accounts Receivable	1,924	2,179	2,094	1,729	2,017	1,681	1,464	1,854
Inventories, net	960	949	964	976	685	676	629	590
Prepaid Expenses	596	625	411	439	355	281	346	291
Other Current Assets	1,025	970	1,362	1,629	1,312	1,573	1,919	3,066
Plant, Property, & Equipment, net	17,716	18,388	18,208	18,014	12,346	12,537	12,611	12,550
Total Noncurrent Assets	12,082	10,959	11,091	10,731	8,900	9,024	8,994	9,480
Long-Term Investments	4,476	4,520	4,310	4,219	1,857	1,915	1,832	1,637
Goodwill	2,810	2,802	2,922	2,877	2,583	2,583	2,583	2,583
Intangible Assets	2,321	2,157	2,263	2,278	1,883	1,912	1,940	2,002
Noncurrent Deferred & Refundable Income Taxes	9.00	0.00	0.00	0.00	1,239	1,385	1,475	1,653
Other Noncurrent Operating Assets	2,466	1,480	1,596	1,357	1,338	1,229	1,164	1,605
Total Liabilities & Shareholders' Equity	38,228	37,878	39,125	38,178	31,945	30,472	31,117	35,175
Total Liabilities	33,390	29,225	31,818	30,894	26,424	25,098	25,901	29,574
Total Current Liabilities	9,753	7,660	10,057	8,775	8,748	7,626	8,162	11,911
Short-Term Debt	882	785	1,939	554	1,935	437	38	38
Accounts Payable	1,328	1,291	1,317	1,100	1,124	1,076	1,005	1,398
Other Taxes Payable	101	199	182	118	161	145	107	154
Other Current Liabilities	7,198	5,163	6,404	6,795	5,415	5,812	6,899	10,203
Other Current Nonoperating Liabilities	244	222	215	208	113	156	113	112
Total Noncurrent Liabilities	23,637	21,565	21,761	22,119	17,676	17,472	17,739	17,663
Long-Term Debt	15,423	13,945	13,947	14,693	11,758	11,530	11,930	11,947
Asset Retirement Reserve & Litigation Obligation	3,937	3,884	3,847	3,806	2,350	2,334	2,308	2,340
Noncurrent Deferred & Payable Income Tax Liabilities	512	839	250	118	1.00	1.00	1.00	-
Other Noncurrent Operating Liabilities	3,765	2,897	3,717	3,502	3,567	3,607	3,500	3,376
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	4,838	5,455	7,307	7,284	5,521	5,374	5,216	5,601
Total Preferred & Common Equity	4,825	5,441	5,593	5,656	5,506	5,359	5,201	5,582
Preferred Stock	2,476	2,476	2,476	2,476	2,000	2,000	2,000	2,000
Total Common Equity	2,349	2,965	3,117	3,180	3,506	3,359	3,201	3,582
Common Stock	9,412	9,401	10,922	10,883	10,080	9,998	9,957	9,928
Retained Earnings	-835	-759	-2,533	-2,762	-2,306	-2,696	-3,058	-3,284
Treasury Stock	-6,248	-	-	-	-	-	-	-
Accumulated Other Comprehensive Income / (Loss)	20	7.00	6.00	6.00	10	12	8.00	-10
Noncontrolling Interest	13	14	1,714	1,628	15	15	15	19

This table displays calculated financial ratios and metrics derived from Vistra's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	16.54%	7.66%	13.67%	5.54%	-3.10%	29.14%	68.40%	0.00%	0.00%
EBITDA Growth	49.02%	449.24%	20.08%	-80.02%	-7.98%	94.92%	55.48%	0.00%	0.00%
EBIT Growth	59.38%	329.87%	10.91%	-188.26%	-24.09%	339.87%	2.48%	0.00%	0.00%
NOPAT Growth	66.74%	340.94%	22.31%	-199.58%	-29.83%	341.58%	270.85%	0.00%	0.00%
Net Income Growth	88.47%	223.31%	4.27%	-302.56%	-32.61%	1,753.57%	77.95%	0.00%	0.00%
EPS Growth	95.53%	209.82%	-21.19%	-306.92%	-30.11%	1,790.91%	81.36%	0.00%	0.00%
Operating Cash Flow Growth	-16.32%	1,024.33%	335.44%	-106.17%	21.97%	86.00%	6.13%	0.00%	0.00%
Free Cash Flow Firm Growth	-87.26%	43.13%	167.75%	-63.87%	-33.45%	127.49%	0.00%	0.00%	0.00%
Invested Capital Growth	28.29%	-1.67%	-17.65%	-10.93%	-3.25%	-5.15%	121.83%	0.00%	0.00%
Revenue Q/Q Growth	5.89%	-5.07%	4.21%	7.00%	-2.85%	2.59%	21.50%	0.00%	0.00%
EBITDA Q/Q Growth	10.94%	7.81%	-56.69%	587.67%	-6.09%	9.44%	42.95%	0.00%	0.00%
EBIT Q/Q Growth	11.89%	12.20%	-1,092.00%	40.08%	-15.82%	18.73%	328.30%	0.00%	0.00%
NOPAT Q/Q Growth	23.87%	2.43%	-519.47%	34.89%	-19.53%	26.25%	1,864.00%	0.00%	0.00%
Net Income Q/Q Growth	31.52%	4.41%	-421.55%	37.49%	-29.49%	83.00%	87.53%	0.00%	0.00%
EPS Q/Q Growth	30.60%	6.87%	-213.46%	35.65%	-29.35%	60.34%	91.20%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	11.54%	9.83%	27.97%	-141.70%	2.27%	12.55%	4.77%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	118.74%	535.99%	113.28%	-96.41%	-40.18%	-1.48%	3.72%	0.00%	0.00%
Invested Capital Q/Q Growth	-10.05%	-3.83%	25.12%	618.40%	0.34%	-4.61%	-6.32%	-12.98%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	57.70%	48.87%	24.24%	24.08%	54.78%	51.38%	44.93%	45.95%	49.87%
EBITDA Margin	40.63%	31.77%	6.23%	5.90%	31.15%	32.80%	21.73%	23.54%	-60.93%
Operating Margin	23.69%	18.01%	-8.57%	-12.54%	13.27%	16.88%	5.37%	3.65%	-76.18%
EBIT Margin	25.35%	18.54%	-8.68%	-11.08%	13.25%	16.91%	4.97%	8.16%	-79.46%
Profit (Net Income) Margin	16.33%	10.10%	-8.81%	-10.47%	5.45%	7.84%	-0.61%	-4.68%	-87.10%
Tax Burden Percent	81.11%	74.60%	77.56%	73.40%	70.11%	76.15%	55.45%	-101.60%	84.18%
Interest Burden Percent	79.39%	72.99%	130.87%	128.70%	58.71%	60.89%	-22.25%	56.43%	130.21%
Effective Tax Rate	18.89%	25.40%	0.00%	0.00%	29.89%	23.85%	0.00%	201.60%	0.00%
Return on Invested Capital (ROIC)	27.04%	18.35%	-6.82%	-7.54%	7.04%	9.61%	2.92%	-2.75%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	19.70%	9.70%	-13.88%	-11.09%	0.71%	2.10%	-5.67%	-8.24%	0.00%
Return on Net Nonoperating Assets (RNNOA)	24.53%	10.79%	-11.50%	-7.64%	0.60%	2.09%	-3.71%	-1.25%	0.00%
Return on Equity (ROE)	51.57%	29.14%	-18.32%	-15.18%	7.65%	11.70%	-0.79%	-4.01%	0.00%
Cash Return on Invested Capital (CROIC)	2.25%	20.04%	12.54%	4.02%	10.35%	14.90%	-72.79%	0.00%	0.00%
Operating Return on Assets (OROA)	12.35%	8.33%	-3.82%	-4.88%	5.85%	7.59%	2.24%	2.98%	0.00%
Return on Assets (ROA)	7.95%	4.54%	-3.87%	-4.61%	2.41%	3.52%	-0.28%	-1.71%	0.00%
Return on Common Equity (ROCE)	28.02%	16.31%	-12.75%	-13.37%	7.65%	12.85%	-0.87%	-4.01%	0.00%
Return on Equity Simple (ROE_SIMPLE)	50.48%	28.11%	-24.68%	-15.25%	7.45%	11.63%	-0.71%	-4.01%	0.00%
Net Operating Profit after Tax (NOPAT)	3,310	1,985	-824	-1,061	1,065	1,518	344	-201	-2,864
NOPAT Margin	19.22%	13.43%	-6.00%	-8.78%	9.31%	12.85%	3.76%	-3.70%	-53.33%
Net Nonoperating Expense Percent (NNEP)	7.33%	8.66%	7.06%	3.55%	6.34%	7.51%	8.59%	5.49%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	15.13%	10.06%	-4.70%	-	-	-	-	-	-
Cost of Revenue to Revenue	42.30%	51.13%	75.76%	75.92%	45.22%	48.62%	55.07%	54.05%	50.13%
SG&A Expenses to Revenue	23.31%	20.37%	20.64%	21.52%	23.22%	20.61%	24.31%	28.97%	28.12%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	34.01%	30.86%	32.81%	36.62%	41.51%	34.50%	39.56%	42.30%	126.05%
Earnings before Interest and Taxes (EBIT)	4,367	2,740	-1,192	-1,338	1,516	1,997	454	443	-4,267
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	6,998	4,696	855	712	3,564	3,873	1,987	1,278	-3,272
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	15.16	4.82	3.06	1.64	1.04	1.24	1.06	1.07	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	6.59	2.61	3.71	2.05	3.56	0.00
Price to Revenue (P/Rev)	2.72	0.92	0.65	0.85	0.76	0.84	1.09	1.25	0.00
Price to Earnings (P/E)	19.01	10.15	0.00	0.00	13.73	10.64	0.00	0.00	0.00
Dividend Yield	0.63%	2.15%	3.24%	2.81%	3.03%	2.47%	0.00%	0.00%	0.00%
Earnings Yield	5.26%	9.85%	0.00%	0.00%	7.28%	9.40%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	4.17	1.99	1.53	1.29	1.02	1.11	1.13	1.06	0.00
Enterprise Value to Revenue (EV/Rev)	3.33	1.44	1.22	1.42	1.32	1.45	1.99	1.42	0.00
Enterprise Value to EBITDA (EV/EBITDA)	8.20	4.54	19.57	24.03	4.24	4.42	9.18	6.04	0.00
Enterprise Value to EBIT (EV/EBIT)	13.14	7.78	0.00	0.00	9.96	8.58	40.17	17.43	0.00
Enterprise Value to NOPAT (EV/NOPAT)	17.34	10.74	0.00	0.00	14.18	11.29	53.06	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	12.57	3.91	34.50	0.00	4.52	6.26	12.40	5.57	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	207.89	9.84	11.05	30.26	9.65	7.29	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	2.92	2.71	2.57	1.29	1.12	1.35	1.41	0.70	0.00
Long-Term Debt to Equity	2.76	2.28	2.43	1.26	1.10	1.27	1.38	0.69	0.00
Financial Leverage	1.25	1.11	0.83	0.69	0.85	1.00	0.65	0.15	0.00
Leverage Ratio	6.49	6.42	4.73	3.30	3.18	3.33	2.86	2.30	0.00
Compound Leverage Factor	5.15	4.69	6.19	4.24	1.86	2.03	-0.64	1.30	0.00
Debt to Total Capital	74.48%	73.02%	71.96%	56.41%	52.74%	57.41%	58.45%	41.09%	0.00%
Short-Term Debt to Total Capital	4.02%	11.59%	3.92%	1.34%	0.54%	3.35%	1.01%	0.41%	0.00%
Long-Term Debt to Total Capital	70.46%	61.43%	68.04%	55.08%	52.20%	54.05%	57.44%	40.68%	0.00%
Preferred Equity to Total Capital	11.32%	12.55%	11.40%	10.51%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.06%	0.08%	0.09%	0.01%	-0.06%	0.01%	0.02%	0.00%	0.00%
Common Equity to Total Capital	14.14%	14.35%	16.55%	33.07%	47.32%	42.59%	49.75%	58.91%	0.00%
Debt to EBITDA	2.33	3.07	14.76	15.07	2.62	2.77	5.57	3.46	0.00
Net Debt to EBITDA	1.14	1.11	6.82	6.76	1.79	1.87	4.16	0.74	0.00
Long-Term Debt to EBITDA	2.20	2.58	13.96	14.71	2.59	2.61	5.47	3.43	0.00
Debt to NOPAT	4.92	7.26	-15.32	-10.12	8.76	7.07	32.19	-21.99	0.00
Net Debt to NOPAT	2.41	2.62	-7.07	-4.54	5.99	4.78	24.04	-4.71	0.00
Long-Term Debt to NOPAT	4.66	6.10	-14.48	-9.88	8.67	6.66	31.64	-21.77	0.00
Altman Z-Score	1.69	0.97	0.36	0.54	0.96	0.95	0.65	0.94	0.00
Noncontrolling Interest Sharing Ratio	45.67%	44.01%	30.41%	11.96%	-0.06%	-9.80%	-10.92%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	0.96	1.18	1.08	1.35	1.13	0.90	0.95	1.98	0.00
Quick Ratio	0.68	0.90	0.68	0.99	0.80	0.66	0.68	1.67	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	276	2,167	1,514	566	1,565	2,352	-8,556	0.00	0.00
Operating Cash Flow to CapEx	242.45%	349.33%	39.66%	-20.54%	270.20%	386.99%	281.26%	1,215.79%	70.33%
Free Cash Flow to Firm to Interest Expense	0.31	2.93	4.11	1.47	2.48	2.95	-14.96	0.00	0.00
Operating Cash Flow to Interest Expense	5.07	7.37	1.32	-0.54	5.30	3.43	2.57	7.18	0.18
Operating Cash Flow Less CapEx to Interest Expense	2.98	5.26	-2.01	-3.15	3.34	2.55	1.66	6.59	-0.08
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.49	0.45	0.44	0.44	0.44	0.45	0.45	0.36	0.00
Accounts Receivable Turnover	9.42	7.92	6.86	7.50	8.66	9.63	10.96	9.10	0.00
Inventory Turnover	8.52	11.54	17.63	16.30	10.52	13.04	15.15	10.91	0.00
Fixed Asset Turnover	1.13	1.18	1.07	0.91	0.83	0.83	0.94	1.17	0.00
Accounts Payable Turnover	5.48	5.59	6.77	7.66	5.66	6.07	7.10	6.17	0.00
Days Sales Outstanding (DSO)	38.74	46.10	53.18	48.66	42.17	37.89	33.31	40.13	0.00
Days Inventory Outstanding (DIO)	42.84	31.64	20.70	22.39	34.71	28.00	24.10	33.45	0.00
Days Payable Outstanding (DPO)	66.56	65.28	53.89	47.67	64.44	60.13	51.39	59.20	0.00
Cash Conversion Cycle (CCC)	15.01	12.46	20.00	23.38	12.43	5.76	6.02	14.39	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	13,759	10,725	10,907	13,245	14,871	15,371	16,205	7,305	0.00
Invested Capital Turnover	1.41	1.37	1.14	0.86	0.76	0.75	0.78	0.74	0.00
Increase / (Decrease) in Invested Capital	3,034	-182	-2,338	-1,626	-500	-834	8,900	0.00	0.00
Enterprise Value (EV)	57,379	21,324	16,734	17,112	15,099	17,132	18,236	7,721	0.00
Market Capitalization	46,907	13,636	8,889	10,301	8,730	9,871	9,971	6,774	0.00
Book Value per Share	$9.09	$7.92	$7.29	$13.03	$17.11	$16.33	$18.67	$14.81	$0.00
Tangible Book Value per Share	($5.66)	($4.52)	($4.12)	$3.24	$6.83	$5.45	$9.63	$4.45	$0.00
Total Capital	21,881	19,724	17,539	19,023	17,691	18,689	18,932	10,765	0.00
Total Debt	16,298	14,402	12,621	10,731	9,330	10,729	11,065	4,423	0.00
Total Long-Term Debt	15,418	12,116	11,933	10,477	9,235	10,102	10,874	4,379	0.00
Net Debt	7,983	5,197	5,829	4,810	6,379	7,260	8,261	947	0.00
Capital Expenditures (CapEx)	1,882	1,561	1,223	1,003	1,235	707	523	114	337
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-3,236	-3,070	-3,563	-1,565	-685	-1,613	-1,422	-370	0.00
Debt-free Net Working Capital (DFNWC)	567	4,100	1,467	2,294	488	167	1.00	1,366	0.00
Net Working Capital (NWC)	-313	1,814	779	2,040	393	-460	-190	1,322	0.00
Net Nonoperating Expense (NNE)	498	493	386	204	441	592	400	53	1,813
Net Nonoperating Obligations (NNO)	8,176	5,403	5,989	4,953	6,510	7,411	8,338	963	0.00
Total Depreciation and Amortization (D&A)	2,631	1,956	2,047	2,050	2,048	1,876	1,533	835	995
Debt-free, Cash-free Net Working Capital to Revenue	-18.79%	-20.77%	-25.95%	-12.96%	-5.99%	-13.66%	-15.55%	-6.81%	0.00%
Debt-free Net Working Capital to Revenue	3.29%	27.74%	10.69%	18.99%	4.26%	1.41%	0.01%	25.16%	0.00%
Net Working Capital to Revenue	-1.82%	12.27%	5.67%	16.89%	3.43%	-3.90%	-2.08%	24.35%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$7.16	$3.63	($3.26)	($2.69)	$1.30	$1.88	($0.11)	($0.59)	$0.00
Adjusted Weighted Average Basic Shares Outstanding	344.79M	369.77M	422.45M	482.21M	488.67M	494.15M	504.95M	427.76M	0.00
Adjusted Diluted Earnings per Share	$7.00	$3.58	($3.26)	($2.69)	$1.30	$1.86	($0.11)	($0.59)	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	352.57M	375.19M	422.45M	482.21M	491.09M	499.94M	504.95M	427.76M	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	338.96M	347.89M	381.45M	448.80M	483.72M	487.73M	485.89M	428.45M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	3,310	2,022	-772	-1,011	1,315	1,518	344	156	455
Normalized NOPAT Margin	19.22%	13.68%	-5.62%	-8.37%	11.49%	12.85%	3.76%	2.87%	8.47%
Pre Tax Income Margin	20.13%	13.53%	-11.36%	-14.26%	7.78%	10.30%	-1.10%	4.60%	-103.46%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.85	3.70	-3.24	-3.48	2.41	2.51	0.79	2.30	-3.31
NOPAT to Interest Expense	3.68	2.68	-2.24	-2.76	1.69	1.90	0.60	-1.04	-2.22
EBIT Less CapEx to Interest Expense	2.76	1.59	-6.56	-6.10	0.45	1.62	-0.12	1.70	-3.57
NOPAT Less CapEx to Interest Expense	1.59	0.57	-5.56	-5.37	-0.27	1.02	-0.31	-1.63	-2.48
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	85.56%	31.03%	-37.44%	-22.94%	42.63%	26.24%	0.00%	0.00%	0.00%
Augmented Payout Ratio	130.58%	114.48%	-198.51%	-60.21%	42.63%	97.08%	-1,362.50%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Vistra's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	28.78%	31.11%	53.89%	20.57%	-30.98%	-20.42%	-20.60%	100.82%	41.60%	16.75%	72.05%
EBITDA Growth	-10.51%	104.86%	161.44%	28.03%	-53.65%	106.92%	-12.68%	201.75%	796.55%	-77.87%	101.61%
EBIT Growth	-174.40%	322.22%	234.64%	24.03%	-84.49%	193.51%	-17.36%	142.24%	394.29%	-116.42%	496.97%
NOPAT Growth	-239.53%	785.44%	218.54%	28.35%	-93.32%	205.00%	-5.91%	139.86%	547.02%	-109.09%	2,184.85%
Net Income Growth	-1,588.89%	366.30%	265.94%	-1.89%	-97.42%	25.51%	-25.96%	135.08%	345.77%	-133.79%	6,680.00%
EPS Growth	-287.50%	298.18%	320.00%	-23.08%	-114.04%	29.49%	-17.22%	135.78%	337.50%	-154.17%	15,000.00%
Operating Cash Flow Growth	91.99%	53.58%	9.10%	-24.16%	-78.26%	124.17%	91.41%	220.02%	142.81%	36.93%	44.50%
Free Cash Flow Firm Growth	122.82%	-1,032.76%	-19.13%	1.85%	-662.02%	-88.73%	82.93%	-163.64%	-109.16%	-5.34%	-160.95%
Invested Capital Growth	-6.31%	28.29%	37.17%	29.44%	34.12%	-1.67%	27.93%	40.19%	15.10%	-17.65%	441.17%
Revenue Q/Q Growth	-2.58%	-35.80%	63.54%	25.90%	-0.81%	-24.65%	28.13%	-27.93%	14.37%	-24.82%	224.06%
EBITDA Q/Q Growth	-52.00%	-60.79%	130.89%	105.95%	9.88%	-49.96%	13.07%	-25.45%	390.57%	-78.88%	231.76%
EBIT Q/Q Growth	-120.56%	-77.68%	214.19%	416.07%	16.67%	-82.31%	16.45%	-35.46%	803.25%	-115.63%	159.52%
NOPAT Q/Q Growth	-112.91%	-67.26%	229.73%	901.28%	-18.10%	-88.22%	32.86%	-47.89%	1,387.41%	-110.56%	156.29%
Net Income Q/Q Growth	-154.69%	-73.33%	293.36%	2,494.44%	109.78%	-136.65%	5.46%	-31.81%	382.59%	-136.43%	149.96%
EPS Q/Q Growth	-185.32%	-79.24%	483.33%	475.00%	56.36%	-144.00%	6.84%	-31.58%	319.23%	-151.66%	146.18%
Operating Cash Flow Q/Q Growth	-55.73%	-20.51%	42.31%	283.33%	-64.59%	-43.53%	-1.08%	9.90%	265.14%	-51.78%	162.02%
Free Cash Flow Firm Q/Q Growth	133.19%	-10.46%	17.28%	24.74%	-1,456.48%	114.11%	31.85%	-484.27%	-120.05%	121.38%	-354.05%
Invested Capital Q/Q Growth	-5.62%	-10.05%	8.34%	1.86%	29.24%	-3.83%	2.24%	5.54%	-5.24%	25.12%	12.03%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	37.78%	56.28%	64.90%	58.47%	43.81%	41.44%	48.38%	53.75%	50.96%	27.09%	39.00%
EBITDA Margin	16.45%	33.39%	54.68%	38.73%	23.67%	21.37%	32.18%	36.47%	35.25%	8.22%	29.27%
Operating Margin	-3.05%	14.84%	41.16%	21.01%	2.82%	3.41%	20.41%	18.53%	25.56%	-2.58%	17.37%
EBIT Margin	-3.18%	15.06%	43.32%	22.55%	5.50%	4.68%	19.92%	21.92%	24.47%	-3.98%	19.14%
Profit (Net Income) Margin	-6.81%	12.14%	29.21%	12.15%	0.59%	-5.98%	12.29%	14.93%	15.77%	-6.38%	13.18%
Tax Burden Percent	60.36%	108.65%	76.80%	74.60%	-900.00%	126.03%	74.81%	79.47%	79.68%	73.73%	74.18%
Interest Burden Percent	355.20%	74.18%	87.81%	72.20%	-1.19%	-101.39%	82.43%	85.69%	80.89%	217.53%	92.79%
Effective Tax Rate	0.00%	-8.65%	23.20%	25.40%	0.00%	0.00%	25.19%	20.53%	20.32%	0.00%	25.82%
Return on Invested Capital (ROIC)	-2.88%	22.68%	38.88%	17.62%	2.18%	3.26%	23.93%	26.21%	31.69%	-2.06%	55.10%
ROIC Less NNEP Spread (ROIC-NNEP)	-5.38%	20.31%	36.43%	15.42%	1.46%	-1.26%	21.14%	26.37%	25.71%	-5.29%	54.56%
Return on Net Nonoperating Assets (RNNOA)	-6.53%	25.29%	31.55%	15.01%	1.37%	-1.40%	16.63%	19.36%	13.96%	-4.38%	-25.66%
Return on Equity (ROE)	-9.41%	47.98%	70.42%	32.63%	3.55%	1.86%	40.56%	45.57%	45.65%	-6.44%	29.44%
Cash Return on Invested Capital (CROIC)	30.62%	2.25%	-11.14%	-15.42%	-19.48%	20.04%	-5.00%	-12.42%	-12.29%	12.54%	-130.84%
Operating Return on Assets (OROA)	-1.51%	7.33%	20.18%	9.11%	2.13%	2.10%	9.24%	10.73%	11.50%	-1.75%	7.75%
Return on Assets (ROA)	-3.23%	5.91%	13.61%	4.91%	0.23%	-2.69%	5.70%	7.31%	7.41%	-2.81%	5.33%
Return on Common Equity (ROCE)	-4.29%	26.07%	32.15%	16.66%	1.81%	1.04%	25.85%	28.54%	31.00%	-4.48%	24.35%
Return on Equity Simple (ROE_SIMPLE)	52.35%	0.00%	39.29%	14.36%	14.36%	0.00%	25.95%	29.95%	-4.38%	0.00%	-4.16%
Net Operating Profit after Tax (NOPAT)	-84	651	1,988	603	60	74	624	470	901	-70	663
NOPAT Margin	-2.14%	16.12%	31.61%	15.68%	1.97%	2.39%	15.27%	14.73%	20.37%	-1.81%	12.89%
Net Nonoperating Expense Percent (NNEP)	2.50%	2.37%	2.45%	2.20%	0.72%	4.52%	2.79%	-0.16%	5.98%	3.24%	0.54%
Return On Investment Capital (ROIC_SIMPLE)	-0.40%	2.97%	-	-	-	0.37%	-	-	-	-0.40%	-
Cost of Revenue to Revenue	62.22%	43.72%	35.10%	41.53%	56.19%	58.56%	51.62%	46.25%	49.04%	72.91%	61.00%
SG&A Expenses to Revenue	27.56%	28.14%	16.33%	26.09%	27.80%	25.30%	18.80%	23.64%	16.02%	17.89%	14.05%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	40.83%	41.44%	23.74%	37.45%	41.00%	38.03%	27.97%	35.21%	25.40%	29.67%	21.63%
Earnings before Interest and Taxes (EBIT)	-125	608	2,724	867	168	144	814	699	1,083	-154	985
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	647	1,348	3,438	1,489	723	658	1,315	1,163	1,560	318	1,506
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	16.95	15.16	13.74	9.58	7.60	4.82	3.43	2.86	2.79	3.06	2.34
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.20	2.72	2.50	2.12	1.80	0.92	0.77	0.58	0.59	0.65	0.64
Price to Earnings (P/E)	17.82	19.01	21.99	62.63	40.41	10.15	9.38	6.64	0.00	0.00	0.00
Dividend Yield	0.75%	0.63%	0.73%	0.99%	1.21%	2.15%	2.45%	3.02%	3.21%	3.24%	3.38%
Earnings Yield	5.61%	5.26%	4.55%	1.60%	2.47%	9.85%	10.66%	15.05%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	3.87	4.17	3.45	2.88	2.50	1.99	1.75	1.56	1.54	1.53	1.54
Enterprise Value to Revenue (EV/Rev)	2.77	3.33	3.25	2.89	2.58	1.44	1.26	1.02	1.06	1.22	1.02
Enterprise Value to EBITDA (EV/EBITDA)	7.25	8.20	8.38	9.72	8.98	4.54	4.49	3.74	7.11	19.57	6.79
Enterprise Value to EBIT (EV/EBIT)	12.32	13.14	13.54	20.40	18.98	7.78	8.01	6.51	61.55	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	15.51	17.34	19.77	31.74	29.62	10.74	10.09	8.65	94.10	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	10.35	12.57	12.92	10.30	8.00	3.91	3.94	4.03	11.99	34.50	35.37
Enterprise Value to Free Cash Flow (EV/FCFF)	12.21	207.89	0.00	0.00	0.00	9.84	0.00	0.00	0.00	11.05	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.37	2.92	1.70	2.17	2.09	2.71	2.48	2.23	2.29	2.57	2.14
Long-Term Debt to Equity	3.19	2.76	1.61	1.91	2.02	2.28	2.13	2.15	2.29	2.43	2.13
Financial Leverage	1.21	1.25	0.87	0.97	0.94	1.11	0.79	0.73	0.54	0.83	-0.47
Leverage Ratio	6.30	6.49	4.93	5.49	5.54	6.42	6.03	6.30	5.11	4.73	5.60
Compound Leverage Factor	22.39	4.81	4.33	3.96	-0.07	-6.51	4.97	5.40	4.13	10.29	5.19
Debt to Total Capital	77.12%	74.48%	62.99%	68.49%	67.67%	73.02%	71.27%	69.01%	69.65%	71.96%	68.15%
Short-Term Debt to Total Capital	4.17%	4.02%	3.36%	8.36%	2.46%	11.59%	10.07%	2.52%	0.22%	3.92%	0.22%
Long-Term Debt to Total Capital	72.95%	70.46%	59.64%	60.13%	65.21%	61.43%	61.20%	66.49%	69.43%	68.04%	67.93%
Preferred Equity to Total Capital	11.71%	11.32%	10.59%	10.68%	10.99%	12.55%	10.41%	11.53%	11.64%	11.40%	11.37%
Noncontrolling Interests to Total Capital	0.06%	0.06%	13.74%	7.39%	7.23%	0.08%	0.08%	0.09%	0.09%	0.09%	0.11%
Common Equity to Total Capital	11.11%	14.14%	12.68%	13.44%	14.11%	14.35%	18.25%	19.37%	18.63%	16.55%	20.37%
Debt to EBITDA	2.36	2.33	2.34	3.80	3.95	3.07	3.14	2.63	5.34	14.76	6.07
Net Debt to EBITDA	1.14	1.14	1.02	1.58	1.65	1.11	1.27	1.18	2.23	6.82	1.52
Long-Term Debt to EBITDA	2.23	2.20	2.21	3.33	3.81	2.58	2.70	2.54	5.32	13.96	6.05
Debt to NOPAT	5.04	4.92	5.51	12.40	13.04	7.26	7.07	6.09	70.65	-15.32	-90.11
Net Debt to NOPAT	2.44	2.41	2.40	5.15	5.45	2.62	2.85	2.74	29.55	-7.07	-22.59
Long-Term Debt to NOPAT	4.77	4.66	5.22	10.89	12.56	6.10	6.07	5.86	70.43	-14.48	-89.83
Altman Z-Score	1.11	1.36	1.50	0.90	0.75	0.71	0.82	0.78	0.72	0.47	0.55
Noncontrolling Interest Sharing Ratio	54.39%	45.67%	54.35%	48.93%	48.95%	44.01%	36.27%	37.36%	32.09%	30.41%	17.31%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.86	0.96	1.11	0.98	1.08	1.18	1.22	1.17	1.17	1.08	1.10
Quick Ratio	0.60	0.68	0.78	0.70	0.72	0.90	0.95	0.83	0.81	0.68	0.77
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	791	-2,383	-2,157	-2,608	-3,466	256	-1,811	-2,657	-455	2,268	-10,609
Operating Cash Flow to CapEx	77.99%	364.69%	251.40%	241.13%	92.31%	214.88%	465.67%	472.16%	297.72%	117.31%	282.01%
Free Cash Flow to Firm to Interest Expense	2.48	-15.18	-6.50	-10.82	-20.39	0.88	-12.66	-26.57	-2.20	12.53	-149.42
Operating Cash Flow to Interest Expense	1.88	8.62	5.13	4.96	1.84	3.04	10.91	15.77	6.93	2.17	11.48
Operating Cash Flow Less CapEx to Interest Expense	-0.53	6.25	3.09	2.90	-0.15	1.62	8.57	12.43	4.60	0.32	7.41
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.47	0.49	0.47	0.40	0.39	0.45	0.46	0.49	0.47	0.44	0.40
Accounts Receivable Turnover	9.91	9.42	7.75	7.45	8.40	7.92	8.04	9.58	9.16	6.86	7.79
Inventory Turnover	8.28	8.52	8.96	8.81	8.85	11.54	13.45	15.04	17.52	17.63	16.82
Fixed Asset Turnover	1.01	1.13	1.06	0.91	0.88	1.18	1.25	1.31	1.18	1.07	0.00
Accounts Payable Turnover	6.60	5.48	6.06	6.04	6.75	5.59	6.80	7.54	8.99	6.77	6.94
Days Sales Outstanding (DSO)	36.83	38.74	47.08	48.99	43.46	46.10	45.38	38.09	39.87	53.18	46.87
Days Inventory Outstanding (DIO)	44.08	42.84	40.72	41.43	41.24	31.64	27.14	24.26	20.84	20.70	21.71
Days Payable Outstanding (DPO)	55.28	66.56	60.19	60.45	54.08	65.28	53.68	48.41	40.59	53.89	52.58
Cash Conversion Cycle (CCC)	25.63	15.01	27.61	29.97	30.61	12.46	18.84	13.94	20.12	20.00	16.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	12,986	13,759	15,297	14,119	13,861	10,725	11,152	10,908	10,335	10,907	8,717
Invested Capital Turnover	1.35	1.41	1.23	1.12	1.11	1.37	1.57	1.78	1.56	1.14	4.28
Increase / (Decrease) in Invested Capital	-875	3,034	4,145	3,211	3,526	-182	2,435	3,127	1,356	-2,338	11,272
Enterprise Value (EV)	50,201	57,379	52,836	40,662	34,640	21,324	19,559	17,012	15,941	16,734	13,407
Market Capitalization	39,808	46,907	40,726	29,875	24,167	13,636	12,026	9,619	8,920	8,889	8,384
Book Value per Share	$6.93	$9.09	$8.63	$8.97	$9.14	$7.92	$9.54	$9.00	$8.39	$7.29	$8.60
Tangible Book Value per Share	($8.21)	($5.66)	($5.80)	($5.95)	($5.68)	($4.52)	($2.61)	($3.05)	($3.47)	($4.12)	($2.41)
Total Capital	21,143	21,881	23,383	23,193	22,531	19,724	19,214	17,341	17,184	17,539	17,586
Total Debt	16,305	16,298	14,730	15,886	15,247	14,402	13,693	11,967	11,968	12,621	11,985
Total Long-Term Debt	15,423	15,418	13,945	13,947	14,693	12,116	11,758	11,530	11,930	11,933	11,947
Net Debt	7,904	7,983	6,422	6,597	6,369	5,197	5,518	5,378	5,006	5,829	3,004
Capital Expenditures (CapEx)	768	371	677	496	338	410	335	334	482	335	289
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-4,366	-3,236	-2,132	-3,271	-3,447	-3,070	-2,432	-2,952	-3,742	-3,563	-6,072
Debt-free Net Working Capital (DFNWC)	-441	567	1,656	1,708	1,212	4,100	3,886	1,722	1,388	1,467	1,272
Net Working Capital (NWC)	-1,323	-313	871	-231	658	1,814	1,951	1,285	1,350	779	1,234
Net Nonoperating Expense (NNE)	184	161	151	136	42	258	122	-6.36	203	177	-15
Net Nonoperating Obligations (NNO)	8,148	8,176	6,644	6,812	6,577	5,403	5,631	5,534	5,119	5,989	3,116
Total Depreciation and Amortization (D&A)	772	740	714	622	555	514	501	464	477	472	521
Debt-free, Cash-free Net Working Capital to Revenue	-24.12%	-18.79%	-13.11%	-23.26%	-25.71%	-20.77%	-15.62%	-17.75%	-24.90%	-25.95%	-46.09%
Debt-free Net Working Capital to Revenue	-2.44%	3.29%	10.18%	12.14%	9.04%	27.74%	24.96%	10.36%	9.24%	10.69%	9.66%
Net Working Capital to Revenue	-7.31%	-1.82%	5.35%	-1.64%	4.91%	12.27%	12.53%	7.73%	8.98%	5.67%	9.37%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.93)	$1.12	$5.36	$0.92	($0.24)	($0.54)	$1.27	$1.18	$1.72	($0.80)	$1.53
Adjusted Weighted Average Basic Shares Outstanding	339.80M	344.79M	342.97M	347.05M	348.97M	369.77M	366.57M	372.96M	383.63M	422.45M	413.76M
Adjusted Diluted Earnings per Share	($0.93)	$1.09	$5.25	$0.90	($0.24)	($0.55)	$1.25	$1.17	$1.71	($0.78)	$1.51
Adjusted Weighted Average Diluted Shares Outstanding	339.80M	352.57M	350.20M	354.33M	348.97M	375.19M	372.15M	376.79M	387.55M	422.45M	417.48M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	339.33M	338.96M	340.23M	343.56M	347.46M	347.89M	357.55M	367.57M	373.03M	381.45M	397.95M
Normalized Net Operating Profit after Tax (NOPAT)	-84	419	1,988	603	60	74	624	470	940	-18	663
Normalized NOPAT Margin	-2.14%	10.39%	31.61%	15.68%	1.97%	2.39%	15.27%	14.73%	21.25%	-0.47%	12.89%
Pre Tax Income Margin	-11.29%	11.17%	38.04%	16.28%	-0.07%	-4.74%	16.42%	18.78%	19.80%	-8.66%	17.76%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.39	3.87	8.20	3.60	0.99	0.50	5.69	6.99	5.23	-0.85	13.87
NOPAT to Interest Expense	-0.26	4.15	5.99	2.50	0.35	0.25	4.36	4.70	4.35	-0.39	9.34
EBIT Less CapEx to Interest Expense	-2.80	1.51	6.17	1.54	-1.00	-0.92	3.35	3.65	2.90	-2.70	9.80
NOPAT Less CapEx to Interest Expense	-2.67	1.78	3.95	0.44	-1.63	-1.16	2.02	1.36	2.03	-2.24	5.27
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	96.32%	85.56%	23.53%	59.15%	57.02%	31.03%	31.70%	28.22%	-198.68%	-37.44%	-161.21%
Augmented Payout Ratio	148.26%	130.58%	89.01%	222.91%	209.11%	114.48%	117.42%	109.66%	-874.12%	-198.51%	-974.14%

Frequently Asked Questions About Vistra's Financials

When does Vistra's fiscal year end?

According to the most recent income statement we have on file, Vistra's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Vistra's net income changed over the last 8 years?

Vistra's net income appears to be on a downward trend, with a most recent value of $2.81 billion in 2024, falling from -$4.68 billion in 2015. The previous period was $1.49 billion in 2023. Find out what analysts predict for Vistra in the coming months.

What is Vistra's operating income?

Vistra's total operating income in 2024 was $4.08 billion, based on the following breakdown:

Total Gross Profit: $9.94 billion
Total Operating Expenses: $5.86 billion

How has Vistra revenue changed over the last 8 years?

Over the last 8 years, Vistra's total revenue changed from $5.37 billion in 2015 to $17.22 billion in 2024, a change of 220.7%.

How much debt does Vistra have?

Vistra's total liabilities were at $32.19 billion at the end of 2024, a 16.4% increase from 2023, and a 275.6% increase since 2016.

How much cash does Vistra have?

In the past 8 years, Vistra's cash and equivalents has ranged from $300 million in 2019 to $3.49 billion in 2023, and is currently $1.19 billion as of their latest financial filing in 2024.

How has Vistra's book value per share changed over the last 8 years?

Over the last 8 years, Vistra's book value per share changed from 0.00 in 2015 to 9.09 in 2024, a change of 909.4%.

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This page (NYSE:VST) was last updated on 5/28/2025 by MarketBeat.com Staff

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Vistra (VST) Financials

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