Vistra (VST) EBITDA Margin (2016 - 2026)
Vistra's EBITDA Margin came in at 29.82% for Q2 2026, down 0.22 percentage points from 30.05% a year earlier and down 9.49 percentage points from the prior quarter.
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Analysis
Vistra (VST) EBITDA Margin (2016 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Vistra reported EBITDA Margin of 33.01%, down 2.49 percentage points year-over-year; for FY2025, it came in at 27.38%, down 11.59 percentage points from FY2024.
- EBITDA Margin carries a five-year change of -3.80 percentage points (FY2020 to FY2025).
- Going back by year, EBITDA Margin was 38.97% in FY2024 (+7.73 pp), 31.24% in FY2023 (+24.90 pp), 6.34% in FY2022 (+1.91 pp) and 4.43% in FY2021 (-26.74 pp).
- The five-year range for quarterly EBITDA Margin is -73.74% (Q2 2022) to 52.51% (Q3 2024).
- Year-over-year, EBITDA Margin increased in three of the last eight quarters, with an average year-over-year change of +2.40 percentage points.
- The fastest year-over-year change in EBITDA Margin over five years came in Q2 2023 (a gain of 106.82 percentage points), and the weakest in Q2 2022 (a drop of 94.01 percentage points).
- Business Quant data shows VST's EBITDA Margin at 39.31% (Q1 2026), 26.16% (Q4 2025) and 34.76% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vistra | 46.38 Bn | 39.58 Bn | - | 29.82% |
| 2 | AXIA Energia | 29.36 Bn | 16.29 Bn | 2.59 Bn | 79.63% |
| 3 | Nrg Energy | 20.40 Bn | 14.62 Bn | 2.01 Bn | 19.65% |
| 4 | Talen Energy | 14.54 Bn | 12.12 Bn | - | 2.68% |
| 5 | Enlight Renewable Energy | 9.08 Bn | 6.01 Bn | 117.49 Mn | 83.33% |
| 6 | Brookfield Renewable Partners | 7.61 Bn | 28.99 Bn | 927.00 Mn | 41.05% |
| 7 | Oklo | 6.87 Bn | 6.87 Bn | - | -6,020.91% |
| 8 | Clearway Energy | 6.32 Bn | 8.88 Bn | - | 64.86% |
| 9 | Ormat Technologies | 5.56 Bn | 4.30 Bn | 68.70 Mn | 43.97% |
| 10 | ReNew Energy Global | 4.99 Bn | 3.86 Bn | - | 35.15% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 29.82% |
| Mar 31, 2026 | 39.31% |
| Dec 31, 2025 | 26.16% |
| Sep 30, 2025 | 34.76% |
| Jun 30, 2025 | 30.05% |
| Mar 31, 2025 | 16.58% |
| Dec 31, 2024 | 33.17% |
| Sep 30, 2024 | 52.51% |
| Jun 30, 2024 | 37.19% |
| Mar 31, 2024 | 20.99% |
| Dec 31, 2023 | 20.01% |
| Sep 30, 2023 | 32.67% |
| Jun 30, 2023 | 33.08% |
| Mar 31, 2023 | 36.34% |
| Dec 31, 2022 | 9.67% |
| Sep 30, 2022 | 27.50% |
| Jun 30, 2022 | -73.74% |
| Mar 31, 2022 | 8.13% |
| Dec 31, 2021 | 41.79% |
| Sep 30, 2021 | 23.44% |
API Access
Vistra EBITDA Margin 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=ebitda-margin&ticker=VST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "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=ebitda-margin&ticker=VST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();