Vistra Corp. (VST) AI Stock Analysis

Vistra Corp., along with its subsidiaries, operates as an integrated retail electricity and power generation company serving residential, commercial, and industrial customers across 20 states and the District of Columbia. Headquartered in Irving, Texas, the company operates across six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It manages wholesale energy purchases and sales, commodity risk, fuel production, and logistics. Vistra possesses approximately 38,700 megawatts of generation capacity across natural gas, nuclear, coal, solar, and battery energy storage facilities, serving approximately 4.3 million customers.

Between FY2021 and FY2025, Vistra's revenue grew from $12.08B to $17.74B, reflecting a five-year revenue CAGR of 9.2% from FY2020 to FY2025. After recording net losses of -$1.27B in FY2021 and -$1.23B in FY2022, net income rebounded to $1.49B in FY2023 and peaked at $2.66B in FY2024 before decreasing to $944.0M in FY2025. Operating margin declined from 23.7% in FY2024 to 10.7% in FY2025. For the trailing twelve months, revenue reached $19.21B with an operating margin of 13.8% and EPS of $5.93. In the latest quarter ended June 30, 2026, quarterly revenue fell 5.5% and quarterly earnings dropped 6.2% year-over-year.

As of June 30, 2026, Vistra held $435.0M in cash and short-term investments against total debt of $19.89B, resulting in net debt of $19.46B. The company recorded a current ratio of 0.97 and a debt-to-equity ratio of 3.63 against shareholders' equity of $5.48B. In FY2025, Vistra produced operating cash flow of $4.07B and free cash flow of $129.0M after allocating $3.94B to capital expenditures. Capital allocation in FY2025 also included $1.03B for share buybacks and $498.0M for dividends paid.

Vistra trades at a trailing P/E of 25.6x, above the 20.9x median of its S&P 500 Utilities peers, but its forward P/E of 13.3x is below the peer median of 16.0x. Its EV-to-EBITDA ratio of 10.4x is also lower than the peer median of 12.2x, while its price-to-book ratio stands at 15.4x. Over the past year, VST shares fell 27.3%, underperforming the S&P 500 (SPY) return of 16.8%. Over a five-year period, VST gained 741.6% compared to 83.0% for the index.

Vistra pays a forward annual dividend of $0.92 per share, offering a dividend yield of 0.61% with a payout ratio of 11.1%. Dividends are distributed quarterly and have been paid for 8 consecutive years, registering a 5-year annualized dividend growth rate of 10.8%. Its most recent ex-dividend date was September 21, 2026.

Wall Street analysts maintain 16 Strong Buy, 4 Buy, 0 Hold, 1 Sell, and 0 Strong Sell ratings on VST. The mean price target of $210.10 implies upside of 38.2% relative to the last close of $152.02. For the fiscal year ending December 31, 2026, consensus estimates project EPS of $9.58 and revenue of $22.33B. Vistra beat EPS estimates in 2 of the last 4 quarters, and its next earnings release is scheduled for November 6, 2026.

This page is an AI-written research summary of Vistra Corp. (VST). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: VST income statement, VST balance sheet, VST key metrics, VST analyst forecast, VST chart. See the VST stock overview for the latest quote and news.