Vistra (VST) Operating Margin (2016 - 2026)
Vistra (VST) posted Operating Margin of 13.77% for Q2 2026, down 48.2% on a QoQ basis from 26.58% in Q1 2026, and up 165.0% year-over-year from 5.19% in Q2 2025.
Analysis
Vistra (VST) Operating Margin (2016 - 2026) Analysis & Trends
Vistra has reported Operating Margin for 11 years, with the latest figure at 13.77% in Q2 2026.
- On a quarterly basis, Operating Margin rose 165.0% year-over-year to 13.77% in Q2 2026; TTM through Jun 2026 was 18.55%, a 81.0% decrease from a year earlier, with the FY2025 full-year figure at 10.75%, down 1295.0% from the prior year.
- Operating Margin was 13.77% for Q2 2026 at Vistra, down from 26.58% in the prior quarter.
- The five-year high for Operating Margin was 41.16% in Q3 2024, with the low at 105.98% in Q2 2022.
- Average Operating Margin over 5 years is 7.11%, with a median of 14.3% recorded in 2024.
- The sharpest annual moves came in 2022 and 2023: Operating Margin sank 10840 bps in 2022, then jumped 12451 bps in 2023.
- Over 5 years, Operating Margin stood at 2.53% in 2022, then soared by 231 bps to 3.31% in 2023, then jumped by 348 bps to 14.84% in 2024, then plunged by 30 bps to 10.34% in 2025, then surged by 33 bps to 13.77% in 2026.
- The last three Operating Margin figures came in at 13.77% (Q2 2026), 26.58% (Q1 2026), and 10.34% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vistra | 50.14 Bn | 48.28 Bn | 3.16 Bn | 13.77% |
| 2 | Nrg Energy | 25.03 Bn | 24.86 Bn | 2.01 Bn | 13.05% |
| 3 | Talen Energy | 15.18 Bn | 14.85 Bn | - | -9.64% |
| 4 | Transalta | 5.57 Bn | 5.28 Bn | 313.03 Mn | 29.57% |
| 5 | Kenon Holdings | 3.61 Bn | 3.70 Bn | 84.00 Mn | 10.55% |
| 6 | Central Puerto | 2.13 Bn | -270.93 Bn | - | - |
| 7 | Hallador Energy | 782.59 Mn | 753.61 Mn | 62.37 Mn | -12.47% |
| 8 | Net Power | 76.44 Mn | 305.71 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.77% |
| Mar 31, 2026 | 26.58% |
| Dec 31, 2025 | 10.34% |
| Sep 30, 2025 | 20.86% |
| Jun 30, 2025 | 12.12% |
| Mar 31, 2025 | -3.05% |
| Dec 31, 2024 | 14.84% |
| Sep 30, 2024 | 41.16% |
| Jun 30, 2024 | 21.01% |
| Mar 31, 2024 | 2.82% |
| Dec 31, 2023 | 3.31% |
| Sep 30, 2023 | 20.41% |
| Jun 30, 2023 | 18.53% |
| Mar 31, 2023 | 25.56% |
| Dec 31, 2022 | -2.53% |
| Sep 30, 2022 | 17.37% |
| Jun 30, 2022 | -105.98% |
| Mar 31, 2022 | -9.22% |
| Dec 31, 2021 | 26.74% |
| Sep 30, 2021 | 3.98% |