KPIs & Operating Metrics(New)
Growth Metrics

Vistra (VST) Operating Margin (2016 - 2025)

Vistra has reported Operating Margin over the past 10 years, most recently at 10.34% for Q4 2025.

  • Quarterly results put Operating Margin at 10.34% for Q4 2025, down 450.0% from a year ago — trailing twelve months through Dec 2025 was 10.75% (down 1295.0% YoY), and the annual figure for FY2025 was 10.75%, down 1295.0%.
  • Operating Margin for Q4 2025 was 10.34% at Vistra, down from 20.86% in the prior quarter.
  • Over the last five years, Operating Margin for VST hit a ceiling of 41.16% in Q3 2024 and a floor of 105.98% in Q2 2022.
  • Median Operating Margin over the past 5 years was 11.23% (2025), compared with a mean of 2.01%.
  • Biggest five-year swings in Operating Margin: plummeted -10840bps in 2022 and later surged 12451bps in 2023.
  • Vistra's Operating Margin stood at 26.74% in 2021, then crashed by -109bps to 2.53% in 2022, then soared by 231bps to 3.31% in 2023, then skyrocketed by 348bps to 14.84% in 2024, then crashed by -30bps to 10.34% in 2025.
  • The last three reported values for Operating Margin were 10.34% (Q4 2025), 20.86% (Q3 2025), and 12.12% (Q2 2025) per Business Quant data.