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NEW YORK STOCK EXCHANGE, INC. · Utilities · CIK 0001692819
$140.83
-9.81% · live
Updated
$47.61B market value
From Vistra Corp.'s FY2025 10-K, filed Feb 27, 2026 · read the filing
Vistra supplies electricity, gas or water. It took in $17.59B last year, which makes it a large company. Of every dollar it sells, about 5 cents is left as profit.
The financial picture is led by growth, with profitability worth watching, while debt remain weak.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
A published bankruptcy-risk model places it in its distress range. This is a statistical reading, not a forecast.
Altman Z-Score 0.04
These are things the company filed or that a published model flagged — not predictions, and not a reason on their own to buy or sell anything.
Financial health
A mixed picture — some clear strengths and some weaknesses.
From Vistra Corp.'s FY2025 annual filing · share price scored separately
Largest year-over-year changes in FY2025
Operating income
$4.08B → $1.91B
Profit
$2.66B → $944.0M
Operating margin
27.6% → 10.8%
Profit margin
18.0% → 5.4%
Measured against FY2024, from the 10-K filed Feb 27, 2026
Deteriorated: -53.3%
$4.08B to $1.91BCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Deteriorated: -64.5%
$2.66B to $944.0MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
How the latest move compares (quote live), and what was published around it
VST fell 9.81% on the latest quote. The average Utilities company tracked here moved +2.02%, and the S&P 500 −1.04%. That is 11.8 points below its sector and 8.8 points below the market.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
Opinions from 24 analysts covering this company, as of . Their views, not this site's.
Of 24 analysts publishing on this company, 7 say strong buy, 15 say buy and 2 say hold. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 5 cents of every dollar of sales as profit, earning $944.0M last year.
Yes, quickly. Sales grew 19.1% last year.
Manageable, but notable. Clearing its debt would take about 4.4 years of cash flow. For every $1 it owes, it owns $1.14 in assets. A bankruptcy-risk model also places it in its distress range.
Core operating and valuation reference metrics
Whether the dividend is covered by what the business actually earns
It pays out 32 cents of every dollar of profit and keeps the rest, which leaves the payment comfortably covered. It paid out 8% of the cash its operations generated. It has paid in each of the last 7 years.
GoodNext payment expected around , projected from how regularly it has paid before rather than from a date the company has announced.
Figures from the FY2025 annual filing
Last year it earned $944.0M and generated $4.07B of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202510-K · Feb 27, 2026Filing for FY2025 | FY202410-K · Feb 27, 2026Filing for FY2024 | FY202310-K · Feb 29, 2024Filing for FY2023 | FY202210-K · Mar 1, 2023Filing for FY2022 | FY202110-K · Mar 1, 2023Filing for FY2021 | ChangeFY2025 vs FY2024 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $17.59B | $14.76B | $13.80B | $15.63B | $17.70B | +19.1% |
| Selling, general and administrative | $1.71B | $1.60B | $1.31B | $1.19B | $1.04B | +7.1% |
| Operating income | $1.91B | $4.08B | $2.66B | -$1.18B | -$1.51B | −53.3% |
| Operating marginOperating income ÷ revenueWhat is this? | 10.8% | 27.6% | 19.3% | -7.5% | -8.6% | −16.8 pts |
| Interest expense | $1.18B | $900.0M | $740.0M | $368.0M | $384.0M | +31.0% |
| Income before tax | $1.12B | $3.47B | $2.00B | -$1.56B | -$1.72B | −67.6% |
| Net income | $944.0M | $2.66B | $1.49B | -$1.23B | -$1.27B | −64.5% |
| Net marginNet income ÷ revenueWhat is this? | 5.4% | 18.0% | 10.8% | -7.8% | -7.2% | −12.6 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $2.79 | $7.83 | $4.25 | $-3.15 | $-2.72 | −64.3% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
This company's latest filing beside its peers' stored scores
| Company | Health | F-Score | Revenue growth | Profit margin | P/E | Debt to equity |
|---|---|---|---|---|---|---|
| VSTVistra Corp. · this page | 6.0/10 | 6/8 | 19.1% | 5.4% | 50.43x |
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Sold on the open market — 20,000 shares at $165.00 ($3.3M)
Holds 179,044 shares after this filing.
Sold on the open market
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Signed a material agreement · Took on a direct financial obligation
Read the filingSigned a material agreement · Reported another event
Read the filingWrite down why you are following Vistra Corp., what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
Coverage from the last 30 days
Why Vistra Corp. (VST) Dipped More Than Broader Market Today
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S&P 500 Unusual Volume Movers in Today's Session
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HSBC Initiates Coverage of Vistra at Buy
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S&P 500 Top Movers: Gainers and Losers in Today's Session
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Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from VST's 10-K for fiscal year 2025 (period ending 2025-12-31, filed Feb 27, 2026), reported under the US GAAP taxonomy. View the source filing.
3 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. Accounting had too few reported figures and is left out of the average rather than counted as a weakness, so a company is never marked down for a figure it did not publish. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 8 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2025 | 6.0 | 6/8 | 10-K, filed Feb 27, 2026 |
| FY2024 | 6.0 | 6/8 | 10-K, filed Feb 28, 2025 |
| FY2023 | 4.7 | 6/8 | 10-K, filed Feb 29, 2024 |
| FY2022 | 2.0 | 4/8 | 10-K, filed Mar 1, 2023 |
| FY2021 | 4.7 | 5/8 | 10-K, filed Feb 25, 2022 |
| FY2020 | 3.3 | 6/8 | 10-K, filed Feb 26, 2021 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
6 of 8 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's. One could not be evaluated and is excluded from the total rather than counted as a failure.
0.04
In the distress zone
For this model, above 2.6 is safe and below 1.1 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
not reported — This company has not reported enough of the required figures to calculate this score.
This company has not reported enough of the required figures to calculate this score.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2025 filing as filed with the SEC.
Deteriorated: −16.8 pts
27.6% to 10.8%Critical
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Deteriorated: −12.7 pts
18.0% to 5.4%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: -47.0%
$2.48B to $1.32BCritical
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Deteriorated: -64.3%
$7.83 to $2.79Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +19.1%
$14.76B to $17.59BSignificant
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Deteriorated: -33.9%
$1.19B to $785.0MSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Changed: +32.4%
$2.08B to $2.75BSignificant
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Q2 FY2026 against Q2 FY2025, from the 10-Q filed Aug 10, 2026 — read it.
Improved: +17.3%
$3.75B to $4.40BSignificant
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Deteriorated: +24.3%
$15.77B to $19.59BSignificant
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Improved: +7.4%
$515.0M to $553.0MNotable
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Deteriorated: -6.7%
$327.0M to $305.0MNotable
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Deteriorated: −1.2 pts
13.7% to 12.6%Notable
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Deteriorated: −1.8 pts
8.7% to 6.9%Notable
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: -5.9%
$0.96 to $0.91Notable
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: -5.0%
$458.0M to $435.0MNotable
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Q2 FY2026 against Q1 FY2026, from the 10-Q filed Aug 10, 2026 — read it. Quarter-to-quarter moves include seasonal swings — a retailer's holiday quarter — which the year-earlier comparison removes.
Deteriorated: -63.1%
$1.50B to $553.0MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Deteriorated: -70.4%
$1.03B to $305.0MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Deteriorated: −17.4 pts
30.0% to 12.6%Critical
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Deteriorated: −13.7 pts
20.6% to 6.9%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: -70.2%
$3.04 to $0.91Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: -31.4%
$634.0M to $435.0MSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Deteriorated: -12.0%
$5.00B to $4.40BNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
3 other measures barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
Loading price history…
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 3.1% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
The trailing P/E is 20.6x — investors pay $20.6 for each $1 of trailing profit.
This company has not reported enough of the required figures to calculate this score.
| 7.15x |
| AESAES CORP | 3.3/10 | 4/8 | -0.4% | 7.4% | 11.72x | 11.74x |
|---|
| Median of peers | 3.3/10 | — | -0.4% | 7.4% | 11.72x | 11.74x |
|---|
Peers come from the company's industry classification. A difference describes the companies; it does not rank them.
Holds 308,915 shares after this filing.
Sold on the open market — 7,777 shares at $150.97 ($1.2M)
Holds 367,804 shares after this filing.
Sold on the open market — 28,826 shares at $151.85 ($4.4M)
Holds 338,978 shares after this filing.
Sold on the open market — 7,841 shares at $152.56 ($1.2M)
Holds 331,137 shares after this filing.
Sold on the open market — 20,000 shares at $151.03 ($3.0M)
Holds 199,044 shares after this filing.
Bought on the open market — 2,200 shares at $135.99 ($299.2K)
Holds 1,141,887 shares after this filing.
Bought on the open market — 4,465 shares at $135.25 ($603.9K)
Holds 1,146,352 shares after this filing.
Bought on the open market — 2,000 shares at $135.00 ($270.0K)
Holds 1,139,687 shares after this filing.
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 20,000 shares ($3.1M) on or after .
Shares originally obtained via PSU.
Filed notice to sell 22,222 shares ($3.6M) on or after .
Shares originally obtained via Acquired as compensation -- Performance Awards.
Filed notice to sell 20,000 shares ($3.0M) on or after .
Shares originally obtained via PSU.
Filed notice to sell 44,444 shares ($6.7M) on or after .
Shares originally obtained via Acquired as compensation -- Performance Awards.
Estimated from how often this has happened before, not a confirmed date.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Quarterly report for Q2 FY2026
Revenue +17.3% · Operating margin −1.2 pts · Long-term debt +24.3% — against Q2 FY2025
Published results
Read the filingSigned a material agreement · Took on a direct financial obligation
Read the filingReported another event
Read the filingSigned a material agreement · Took on a direct financial obligation
Read the filingQuarterly report for Q1 FY2026
Revenue +17.7% · Operating margin +32.8 pts · Operating income turned positive — against Q1 FY2025
Read the filingPublished results
Read the filingHeld a shareholder vote
Read the filingSigned a material agreement · Took on a direct financial obligation
Read the filingProxy statement for a shareholder meeting
Read the filingAnnual report for FY2025
Revenue +19.1% · Operating margin −16.8 pts · Operating income -53.3% — against FY2024
Read the filingPublished results
Read the filingSigned a material agreement · Took on a direct financial obligation
Read the filingMade a Regulation FD disclosure
Read the filingSigned a material agreement · Sold shares outside a public offering · Made a Regulation FD disclosure
Read the filingReported another event
Read the filingMade a Regulation FD disclosure
Read the filingQuarterly report for Q3 FY2025
Revenue +10.1% · Operating margin −37.9 pts · Operating income -59.9% — against Q3 FY2024
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Primary sources and further research