Vistra (VST) Change in Intangibles (2018 - 2026)
Vistra (VST) recorded Change in Intangibles of $41 million in Q2 2026, down 51.8% from $85 million a year earlier and down 74.4% from the prior quarter.
Powered by 
Analysis
Vistra (VST) Change in Intangibles (2018 - 2026) Analysis & Trends
On a TTM basis, Vistra's Change in Intangibles came in at $998 million as of Jun 30, 2026, down 20.7% year-over-year; for FY2025, it came in at $1.19 billion, down 3.0% from FY2024.
- Annual Change in Intangibles has a five-year compound annual growth rate of 18.7% (FY2020 to FY2025).
- Across earlier years, Change in Intangibles came in at $1.23 billion in FY2024 (+14.5%), $1.07 billion in FY2023 (-17.8%), $1.3 billion in FY2022 (+115.4%) and $605 million in FY2021 (+20.0%).
- The Q2 2026 figure is the lowest quarterly Change in Intangibles since Q3 2020.
- On a year-over-year basis, Change in Intangibles has declined for five consecutive quarters, with growth averaging 1.2% over the last eight quarters.
- Peak year-over-year performance for Change in Intangibles in the last five years was growth of 164.0% in Q4 2022, against a decline of 62.7% in Q2 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $160 million (Q1 2026), $678 million (Q4 2025) and $119 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Intangibless (Qtr) |
|---|---|---|---|---|---|
| 1 | Constellation Energy | 106.51 Bn | 97.41 Bn | - | - |
| 2 | Vistra | 54.68 Bn | 47.87 Bn | - | 41.00 Mn |
| 3 | AXIA Energia | 33.19 Bn | 20.17 Bn | 2.59 Bn | - |
| 4 | Nrg Energy | 22.64 Bn | 16.86 Bn | 2.01 Bn | 44.00 Mn |
| 5 | Talen Energy | 17.58 Bn | 15.14 Bn | - | - |
| 6 | Enlight Renewable Energy | 8.71 Bn | 5.26 Bn | 117.49 Mn | - |
| 7 | Brookfield Renewable Partners | 8.01 Bn | -17.15 Bn | 927.00 Mn | - |
| 8 | Oklo | 5.62 Bn | -1.21 Bn | - | - |
| 9 | Ormat Technologies | 5.60 Bn | 4.20 Bn | 68.70 Mn | - |
| 10 | Transalta | 3.93 Bn | 2.83 Bn | 313.03 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 41.00 Mn |
| Mar 31, 2026 | 160.00 Mn |
| Dec 31, 2025 | 678.00 Mn |
| Sep 30, 2025 | 119.00 Mn |
| Jun 30, 2025 | 85.00 Mn |
| Mar 31, 2025 | 307.00 Mn |
| Dec 31, 2024 | 715.00 Mn |
| Sep 30, 2024 | 152.00 Mn |
| Jun 30, 2024 | 228.00 Mn |
| Mar 31, 2024 | 131.00 Mn |
| Dec 31, 2023 | 794.00 Mn |
| Sep 30, 2023 | 87.00 Mn |
| Jun 30, 2023 | 129.00 Mn |
| Mar 31, 2023 | 61.00 Mn |
| Dec 31, 2022 | 945.00 Mn |
| Sep 30, 2022 | 92.00 Mn |
| Jun 30, 2022 | 150.00 Mn |
| Mar 31, 2022 | 116.00 Mn |
| Dec 31, 2021 | 358.00 Mn |
| Sep 30, 2021 | 74.00 Mn |
API Access
Vistra Change in Intangibles API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-intangibles&ticker=VST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-intangibles", "ticker": "VST", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-intangibles&ticker=VST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();