Vistra (VST) Invested Capital (2016 - 2026)
Vistra's Invested Capital came in at $25.09 billion for Q2 2026, up 16.9% from $21.47 billion a year earlier and up 1.3% from the prior quarter.
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Analysis
Vistra (VST) Invested Capital (2016 - 2026) Analysis & Trends
For FY2025, Vistra's Invested Capital was $23.95 billion, up 9.5% from FY2024.
- Invested Capital has increased in each of the last three years, with a five-year compound annual growth rate of 6.2% (FY2020 to FY2025).
- Going back by year, Invested Capital was $21.88 billion in FY2024 (+10.9%), $19.72 billion in FY2023 (+12.5%), $17.54 billion in FY2022 (-7.8%) and $19.02 billion in FY2021 (+7.5%).
- The Q2 2026 figure represents the highest quarterly Invested Capital in data going back to Q4 2016.
- Year-over-year, Invested Capital has increased for four consecutive quarters, with growth averaging 6.4% over the last eight quarters.
- The fastest year-over-year change in Invested Capital over five years came in Q2 2024 (growth of 33.7%), and the weakest in Q4 2022 (a decline of 7.8%).
- Business Quant data shows VST's Invested Capital at $24.77 billion (Q1 2026), $23.95 billion (Q4 2025) and $21.21 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Constellation Energy | 106.51 Bn | 97.41 Bn | - | 56.68 Bn |
| 2 | Vistra | 54.68 Bn | 47.87 Bn | - | 25.09 Bn |
| 3 | AXIA Energia | 33.19 Bn | 20.17 Bn | 2.59 Bn | 35.53 Bn |
| 4 | Nrg Energy | 22.64 Bn | 16.86 Bn | 2.01 Bn | 28.11 Bn |
| 5 | Talen Energy | 17.58 Bn | 15.14 Bn | - | 11.21 Bn |
| 6 | Enlight Renewable Energy | 8.71 Bn | 5.26 Bn | 117.49 Mn | 3.60 Bn |
| 7 | Brookfield Renewable Partners | 8.01 Bn | -17.15 Bn | 927.00 Mn | 8.62 Bn |
| 8 | Oklo | 5.62 Bn | -1.21 Bn | - | 3.27 Bn |
| 9 | Ormat Technologies | 5.60 Bn | 4.20 Bn | 68.70 Mn | 3.09 Bn |
| 10 | Transalta | 3.93 Bn | 2.83 Bn | 313.03 Mn | 3.76 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 25.09 Bn |
| Mar 31, 2026 | 24.77 Bn |
| Dec 31, 2025 | 23.95 Bn |
| Sep 30, 2025 | 21.21 Bn |
| Jun 30, 2025 | 21.47 Bn |
| Mar 31, 2025 | 21.14 Bn |
| Dec 31, 2024 | 21.88 Bn |
| Sep 30, 2024 | 20.19 Bn |
| Jun 30, 2024 | 23.19 Bn |
| Mar 31, 2024 | 22.53 Bn |
| Dec 31, 2023 | 19.72 Bn |
| Sep 30, 2023 | 19.21 Bn |
| Jun 30, 2023 | 17.34 Bn |
| Mar 31, 2023 | 17.18 Bn |
| Dec 31, 2022 | 17.54 Bn |
| Sep 30, 2022 | 17.59 Bn |
| Jun 30, 2022 | 18.69 Bn |
| Mar 31, 2022 | 17.90 Bn |
| Dec 31, 2021 | 19.02 Bn |
| Sep 30, 2021 | 16.91 Bn |
API Access
Vistra Invested Capital 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=invested-capital&ticker=VST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=VST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();