Vistra (VST) Gross Margin (2016 - 2026)
Vistra (VST) recorded quarterly Gross Margin of 87.59% in Q1 2026, up 3.96% quarter-over-quarter from 84.25% in Q4 2025, and up 521.0% on a YoY basis from 14.1% in Q1 2025.
Vistra (VST) Gross Margin (2016 - 2026) Analysis & Trends
Vistra's Gross Margin history runs 11 years deep, the most recent figure standing at 87.59% for Q1 2026.
- In Q1 2026, Gross Margin rose 521.0% year-over-year to 87.59%; the TTM figure through Mar 2026 stood at 85.55% (down 4.0% YoY), while the FY2025 annual figure was 84.2%, down 179.0% from the prior year.
- Gross Margin was 87.59% for Q1 2026 at Vistra, up from 84.25% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 92.23% in Q3 2022 to a low of 72.61% in Q2 2022.
- Historically, Gross Margin has averaged 85.81% across 5 years, with a median of 86.19% in 2023.
- The sharpest annual moves came in 2022 and 2023: Gross Margin plunged 1067 bps in 2022, then jumped 1344 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 89.79% in 2022, then retreated by 4 bps to 86.19% in 2023, then slipped by 3 bps to 83.35% in 2024, then grew by 1 bps to 84.25% in 2025, then increased by 4 bps to 87.59% in 2026.
- The last three Gross Margin figures came in at 87.59% (Q1 2026), 84.25% (Q4 2025), and 86.82% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Transalta | 29,347,846.33 Bn | 29,347,846.17 Bn | 263.24 Mn | 63.89% |
| 2 | Kenon Holdings | 3,754,999.92 Bn | 3,755,000.22 Bn | 48.00 Mn | 15.14% |
| 3 | Vistra | 50.25 Bn | 48.56 Bn | 4.94 Bn | 87.59% |
| 4 | Nrg Energy | 26.74 Bn | 23.49 Bn | 1.40 Bn | 13.63% |
| 5 | Talen Energy | 16.64 Bn | 16.60 Bn | - | - |
| 6 | Oklo | 9.89 Bn | 9.89 Bn | - | - |
| 7 | Digi Power X | 420.60 Mn | 363.72 Mn | -801,636.00 | -11.80% |
| 8 | Transalta | - | - | 263.24 Mn | 63.89% |
| 9 | Transalta | - | - | 263.24 Mn | 63.89% |
| 10 | Transalta | - | - | 263.24 Mn | 63.89% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 87.59% |
| Dec 31, 2025 | 84.25% |
| Sep 30, 2025 | 86.82% |
| Jun 30, 2025 | 82.75% |
| Mar 31, 2025 | 82.38% |
| Dec 31, 2024 | 83.35% |
| Sep 30, 2024 | 90.20% |
| Jun 30, 2024 | 83.67% |
| Mar 31, 2024 | 83.69% |
| Dec 31, 2023 | 86.19% |
| Sep 30, 2023 | 89.94% |
| Jun 30, 2023 | 86.05% |
| Mar 31, 2023 | 90.49% |
| Dec 31, 2022 | 89.79% |
| Sep 30, 2022 | 92.23% |
| Jun 30, 2022 | 72.61% |
| Mar 31, 2022 | 86.69% |
| Dec 31, 2021 | 88.35% |
| Sep 30, 2021 | 87.56% |
| Jun 30, 2021 | 83.27% |