Vistra (VST) Net Margin (2016 - 2026)
Vistra's Net Margin was 6.42% in Q2 2026, down 0.17 percentage points from 6.59% a year earlier and down 10.95 percentage points from the prior quarter.
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Analysis
Vistra (VST) Net Margin (2016 - 2026) Analysis & Trends
On a trailing twelve-month basis, Vistra's Net Margin was 10.55% through Jun 30, 2026, down 1.31 percentage points year-over-year; for FY2025, it came in at 4.24%, down 10.08 percentage points from FY2024.
- Net Margin shows a five-year change of -1.32 percentage points (FY2020 to FY2025).
- In earlier years, Net Margin was 14.32% in FY2024 (+5.24 pp), 9.09% in FY2023 (+19.12 pp), -10.03% in FY2022 (+0.69 pp) and -10.72% in FY2021 (-16.28 pp).
- Quarterly Net Margin has moved between -88.29% (Q2 2022) and 29.26% (Q3 2024) over five years.
- Compared with a year earlier, Net Margin was higher in three of the last eight quarters, with an average year-over-year change of +3.79 percentage points.
- The best year-over-year quarter for Net Margin over five years was Q2 2023 (a gain of 102.05 percentage points); the worst was Q2 2022 (a drop of 89.69 percentage points).
- Per Business Quant data, VST's Net Margin in the three quarters before Q2 2026 was 17.38% (Q1 2026), 4.04% (Q4 2025) and 12.15% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Constellation Energy | 97.15 Bn | 88.06 Bn | - | 6.84% |
| 2 | Vistra | 44.79 Bn | 37.97 Bn | - | 6.42% |
| 3 | AXIA Energia | 24.76 Bn | 12.66 Bn | - | - |
| 4 | Nrg Energy | 20.65 Bn | 14.87 Bn | 2.01 Bn | 6.54% |
| 5 | Talen Energy | 17.32 Bn | 15.04 Bn | - | 10.40% |
| 6 | Enlight Renewable Energy | 8.81 Bn | 6.25 Bn | 117.49 Mn | 17.69% |
| 7 | Brookfield Renewable Partners | 7.95 Bn | -1.16 Bn | - | -6.55% |
| 8 | Ormat Technologies | 5.74 Bn | 4.07 Bn | 77.38 Mn | 11.60% |
| 9 | Oklo | 4.68 Bn | -2.15 Bn | - | -4,011.24% |
| 10 | Transalta | 4.04 Bn | 2.55 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.42% |
| 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% |
API Access
Vistra Net 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=net-margin&ticker=VST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=VST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();