Vistra (VST) Return on Invested Capital [ROIC] (2017 - 2026)
Vistra's Return on Invested Capital [ROIC] came in at 11.31% for Q2 2026, down 3.00 percentage points from 14.32% a year earlier and down 0.35 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 five-year range for quarterly Return on Invested Capital [ROIC] is -10.62% (Q3 2021) to 15.74% (Q4 2024).
- Year-over-year, Return on Invested Capital [ROIC] has declined for four consecutive quarters, with an average year-over-year change of +0.90 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in Q4 2023 (a gain of 15.38 percentage points), and the weakest in Q3 2021 (a drop of 17.97 percentage points).
- Business Quant data shows VST's Return on Invested Capital [ROIC] at 11.67% (Q1 2026), 7.10% (Q4 2025) and 9.03% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Constellation Energy | 89.97 Bn | 81.22 Bn | - | 5.52% |
| 2 | Vistra | 47.08 Bn | 40.28 Bn | - | 11.31% |
| 3 | AXIA Energia | 32.91 Bn | 19.89 Bn | 2.59 Bn | 6.52% |
| 4 | Nrg Energy | 19.42 Bn | 13.64 Bn | 2.01 Bn | 5.79% |
| 5 | Talen Energy | 15.71 Bn | 13.29 Bn | - | 0.92% |
| 6 | Enlight Renewable Energy | 9.04 Bn | 5.87 Bn | 117.49 Mn | 7.91% |
| 7 | Brookfield Renewable Partners | 7.90 Bn | 8.14 Bn | 927.00 Mn | 15.53% |
| 8 | Clearway Energy | 6.73 Bn | 9.29 Bn | - | 1.45% |
| 9 | Ormat Technologies | 5.35 Bn | 4.09 Bn | 68.70 Mn | 6.41% |
| 10 | ReNew Energy Global | 5.01 Bn | 3.43 Bn | - | 2.35% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.31% |
| Mar 31, 2026 | 11.67% |
| Dec 31, 2025 | 7.10% |
| Sep 30, 2025 | 9.03% |
| Jun 30, 2025 | 14.32% |
| Mar 31, 2025 | 15.04% |
| Dec 31, 2024 | 15.74% |
| Sep 30, 2024 | 12.31% |
| 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 | -5.19% |
| Sep 30, 2022 | -0.64% |
| Jun 30, 2022 | -3.78% |
| Mar 31, 2022 | 4.22% |
| Dec 31, 2021 | -6.20% |
| Sep 30, 2021 | -10.62% |
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();