Vistra (VST) Return on Invested Capital [ROIC] (2017 - 2026)
Vistra's Return on Invested Capital [ROIC] came in at 12.63% for Q3 2026, up 3.85 percentage points from 8.78% a year earlier and up 1.31 percentage points from the prior quarter.
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Analysis
Vistra (VST) Return on Invested Capital [ROIC] (2017 - 2026) Analysis & Trends
For FY2025, Vistra's Return on Invested Capital [ROIC] was 6.99%, down 8.92 percentage points from FY2024.
- Return on Invested Capital [ROIC] carries a five-year change of +1.14 percentage points (FY2020 to FY2025).
- Going back by year, Return on Invested Capital [ROIC] was 15.91% in FY2024 (+5.26 pp), 10.65% in FY2023 (+15.65 pp), -4.99% in FY2022 (+1.06 pp) and -6.06% in FY2021 (-11.91 pp).
- The Q3 2026 figure represents the highest quarterly Return on Invested Capital [ROIC] since Q2 2025.
- Year-over-year, Return on Invested Capital [ROIC] increased in four of the last eight quarters, with an average year-over-year change of +1.14 percentage points.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in Q4 2023 (a gain of 15.28 percentage points), and the weakest in Q4 2021 (a drop of 12.11 percentage points).
- Business Quant data shows VST's Return on Invested Capital [ROIC] at 11.31% (Q2 2026), 11.67% (Q1 2026) and 6.91% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Constellation Energy | 98.63 Bn | 93.22 Bn | - | 7.77% |
| 2 | Vistra | 44.52 Bn | 35.00 Bn | - | 12.63% |
| 3 | AXIA Energia | 24.30 Bn | 11.28 Bn | 2.59 Bn | 6.52% |
| 4 | Nrg Energy | 20.38 Bn | 15.19 Bn | 2.23 Bn | 7.50% |
| 5 | Talen Energy | 17.79 Bn | 15.53 Bn | - | 0.71% |
| 6 | Enlight Renewable Energy | 8.73 Bn | 5.30 Bn | 124.81 Mn | 9.34% |
| 7 | Brookfield Renewable Partners | 7.94 Bn | -20.71 Bn | 23.00 Mn | -1.83% |
| 8 | Clearway Energy | 7.36 Bn | 9.95 Bn | - | 1.58% |
| 9 | Ormat Technologies | 5.56 Bn | 4.03 Bn | 77.38 Mn | 6.33% |
| 10 | Oklo | 4.67 Bn | -3.73 Bn | 772,000.00 | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 12.63% |
| Jun 30, 2026 | 11.31% |
| Mar 31, 2026 | 11.67% |
| Dec 31, 2025 | 6.91% |
| Sep 30, 2025 | 8.78% |
| Jun 30, 2025 | 13.96% |
| Mar 31, 2025 | 14.67% |
| Dec 31, 2024 | 15.46% |
| Sep 30, 2024 | 12.10% |
| Jun 30, 2024 | 5.59% |
| Mar 31, 2024 | 5.53% |
| Dec 31, 2023 | 10.18% |
| Sep 30, 2023 | 10.61% |
| Jun 30, 2023 | 11.40% |
| Mar 31, 2023 | 1.04% |
| Dec 31, 2022 | -5.10% |
| Sep 30, 2022 | -0.63% |
| Jun 30, 2022 | -3.73% |
| Mar 31, 2022 | 4.16% |
| Dec 31, 2021 | -6.11% |
API Access
Vistra Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=VST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=VST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();