Vistra (VST) Gross Margin (2016 - 2026)
Vistra (VST) posted quarterly Gross Margin of 87.59% for Q1 2026, up 521.0% year-over-year from 14.1% in Q1 2025, and up 3.96% quarter-over-quarter from 84.25% in Q4 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 for Q1 2026 stood at 87.59%, up from 84.25% in the prior quarter.
- The five-year high for Gross Margin was 92.23% in Q3 2022, with the low at 72.61% in Q2 2022.
- The 5-year median for Gross Margin is 86.19% (2023), against an average of 85.81%.
- The sharpest annual moves came in 2022 and 2023: Gross Margin tumbled 1067 bps in 2022, then soared 1344 bps in 2023.
- Vistra's Gross Margin stood at 89.79% in 2022, then fell by 4 bps to 86.19% in 2023, then decreased by 3 bps to 83.35% in 2024, then climbed by 1 bps to 84.25% in 2025, then grew by 4 bps to 87.59% in 2026.
- Business Quant data shows VST's Gross Margin at 87.59% in Q1 2026, 84.25% in Q4 2025, and 86.82% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vistra | 46.81 Bn | 44.94 Bn | 3.16 Bn | 78.77% |
| 2 | Nrg Energy | 24.30 Bn | 24.14 Bn | 2.01 Bn | 26.88% |
| 3 | Talen Energy | 14.61 Bn | 14.25 Bn | - | - |
| 4 | Oklo | 7.31 Bn | 7.31 Bn | - | - |
| 5 | Transalta | 3.81 Bn | 3.54 Bn | 313.03 Mn | 88.91% |
| 6 | Kenon Holdings | 3.41 Bn | 2.08 Bn | 84.00 Mn | - |
| 7 | Digi Power X | 334.66 Mn | 206.54 Mn | -5.52 Mn | -83.34% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 78.77% |
| 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% |