Vistra (VST) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Vistra

NYSE•Utilities•Utilities - Independent Power Producers

$142.08+1.68(0.01%)Market open

Market Cap

$48.36B

P/E

21.8x

P/S

2.5x

P/B

8.8x

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company in the United States. The company operates through five segments: Retail, Texas, East, West, and Asset Closure. The company retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia. It is also involved in electricity generation, wholesale energy purchases and sales, commodity risk management, fuel procurement, and fuel logistics management activities. In addition, the company engages in decommissioning and reclamation of retired generation facilities, including mines, and battery removal and remediation activities. It serves approximately 5 million customers with a generation capacity of approximately 44,000 megawatts with a portfolio of natural gas, nuclear, coal, solar, and battery energy storage facilities. The company was formerly known as Vistra Energy Corp. and changed its name to Vistra Corp. in July 2020. Vistra Corp. was founded in 1882 and is based in Irving, Texas.

How this company scores

AverageMetricSide Score: 58/100

Strongest: Cash & Earnings Quality (23/25); weakest: Balance Sheet & Red Flags (6/25).

Profitability16/25

Growth13/25

Balance Sheet & Red Flags6/25

Cash & Earnings Quality23/25

Strengths

Rising free cash flowStrong marginsHigh ROECash-backed earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 21.8x5y range 6.1x – 58.3x

Currently near its 14-quarter median.

P/S · 2.5x5y range 0.5x – 3.9x

Currently above its 20-quarter median.

P/B · 8.8x5y range 1.3x – 13.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $48.36B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $19.28B
Q. Revenue: $4.40B
TTM EBITDA: $5.42B
TTM Op. Income: $3.56B
Q. Op. Income: $553.00M
TTM Net Income: $2.22B
Q. Net Income: $305.00M
EPS: $0.77
Shares Out.: $336.85M

$19.28B in TTM revenue grew 3.0% YoY, reaching $4.40B last quarter. TTM EBITDA of $5.42B and TTM operating income of $3.56B show growth is flowing through to the bottom line. TTM net income of $2.22B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 3 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 22.7%
Op. Margin: 12.6%
Net Margin: 6.9%

Op. margin of 12.6% is up 0.4% YoY — cost efficiency is improving. Net margin at 6.9% Over the past year, operating margin is up 4% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 21.8x
P/S Ratio: 2.5x
P/B Ratio: 8.8x

At 21.8x P/E, the stock trades within typical market levels. P/S of 2.5x and P/B of 8.8x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $42.60B
Cash: $435.00M
Long-Term Debt: $19.59B
Book Value: $5.48B
D/E Ratio: 3.6
Debt/EBITDA: 19.6

With $42.60B in assets and $19.59B in long-term debt, D/E is 3.6and book value is $5.48B — elevated leverage, meaning significant financial risk in a downturn. Across the last 8 quarters, debt/equity has risen for 3 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $1.02B
TTM Free Cash Flow: $2.25B
FCF Margin: 11.7%
FCF / Net Income: 1.0

TTM FCF of $2.25B on $1.02B in operating cash flow. The FCF / Net Income ratio of 1.0x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.