Vistra (VST) Net Margin (2016 - 2026)
Vistra's (VST) quarterly Net Margin came in at 17.38% in Q1 2026, up 2544.0% year-on-year from 0.66% in Q1 2025, and up 330.55% quarter-over-quarter from 4.04% in Q4 2025.
Vistra (VST) Net Margin (2016 - 2026) Analysis & Trends
Vistra's Net Margin history runs 11 years deep, the most recent figure standing at 17.38% for Q1 2026.
- On a quarterly basis, Net Margin rose 2544.0% year-over-year to 17.38% in Q1 2026; TTM through Mar 2026 was 10.54%, a 180.0% decrease from a year earlier, with the FY2025 full-year figure at 4.24%, down 1008.0% from the prior year.
- Net Margin advanced to 17.38% in Q1 2026 per VST's latest filing, from 4.04% in the prior quarter.
- Across five years, Net Margin topped out at 29.26% in Q3 2024 and bottomed at 88.29% in Q2 2022.
- The 5-year median for Net Margin is 8.27% (2024), against an average of 0.93%.
- Across the five-year window, Net Margin sank 8969 bps in 2022 and soared 10205 bps in 2023, its largest moves.
- Year by year, Net Margin stood at 7.34% in 2022, then grew by 2 bps to 7.21% in 2023, then surged by 235 bps to 9.73% in 2024, then plunged by 59 bps to 4.04% in 2025, then jumped by 331 bps to 17.38% in 2026.
- Per Business Quant, the three latest VST Net Margin figures stand at 17.38% (Q1 2026), 4.04% (Q4 2025), and 12.15% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vistra | 52.84 Bn | 51.14 Bn | 4.94 Bn | 17.38% |
| 2 | Nrg Energy | 28.17 Bn | 28.12 Bn | 1.40 Bn | 1.05% |
| 3 | Talen Energy | 15.71 Bn | 15.67 Bn | - | 5.58% |
| 4 | Oklo | 7.13 Bn | 7.13 Bn | - | - |
| 5 | Transalta | 3.99 Bn | 3.46 Bn | 263.24 Mn | 2.30% |
| 6 | Kenon Holdings | 3.66 Bn | 1.86 Bn | 48.00 Mn | 4.42% |
| 7 | Digi Power X | 264.61 Mn | 206.80 Mn | -801,636.00 | -68.50% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 17.38% |
| Dec 31, 2025 | 4.04% |
| Sep 30, 2025 | 12.15% |
| Jun 30, 2025 | 6.59% |
| Mar 31, 2025 | -8.06% |
| Dec 31, 2024 | 9.73% |
| Sep 30, 2024 | 29.26% |
| Jun 30, 2024 | 8.27% |
| Mar 31, 2024 | -2.75% |
| Dec 31, 2023 | -7.21% |
| Sep 30, 2023 | 11.38% |
| Jun 30, 2023 | 13.77% |
| Mar 31, 2023 | 14.94% |
| Dec 31, 2022 | -7.34% |
| Sep 30, 2022 | 12.26% |
| Jun 30, 2022 | -88.29% |
| Mar 31, 2022 | -10.34% |
| Dec 31, 2021 | 21.27% |
| Sep 30, 2021 | 0.23% |
| Jun 30, 2021 | 1.40% |