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
DateValue
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%