Vistra Corp. (VST) Key Metrics
VST valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $51.02B
- Enterprise value
- $68.24B
- P/E (TTM)
- 25.6 10-yr median 15.2
- Forward P/E
- 13.3
- PEG ratio
- 0.34
- Price / sales
- 2.7 10-yr median 1.1
- Price / book
- 15.4 10-yr median 1.5
- EV / EBITDA
- 10.4 10-yr median 9.7
- Dividend yield
- 0.61% $0.92 a year
- Beta
- 1.38
VST key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsVST valuation Price multiples at each fiscal year-end price.
VST returns How much profit the business earns on the capital it uses.
VST per-share figures Results divided by the shares outstanding at year-end.
VST financial health Debt, liquidity and how easily interest is covered.
VST efficiency & capital use Working capital cycle and where the cash goes.
VST valuation history
VST returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
VST debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
VST cash returned to shareholders
VST price vs earnings per share
VST key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $55.76B | $48.61B | $14.45B | $9.80B | $10.98B | $9.65B | $11.49B | $11.56B | $7.84B | $6.63B |
| Enterprise value | $75.34B | $64.78B | $25.65B | $22.68B | $20.66B | $19.13B | $22.51B | $22.33B | $10.77B | $10.41B |
| P/E ratio | 59.1 | 18.3 | 9.7 | — | — | 15.2 | 12.4 | — | — | — |
| Price / sales | 3.1 | 2.8 | 1.0 | 0.7 | 0.9 | 0.8 | 1.0 | 1.3 | 1.4 | 1.3 |
| Price / book | 10.9 | 8.7 | 2.7 | 2.0 | 1.3 | 1.2 | 1.4 | 1.5 | 1.2 | 1.0 |
| Price / free cash flow | 432.3 | 19.6 | 3.8 | — | — | 4.6 | 5.4 | 11.9 | 9.2 | — |
| Price / operating cash flow | 13.7 | 10.7 | 2.7 | 20.2 | — | 2.9 | 4.2 | 7.9 | 5.7 | — |
| EV / sales | 4.2 | 3.8 | 1.7 | 1.7 | 1.7 | 1.7 | 1.9 | 2.4 | 2.0 | 2.0 |
| EV / EBITDA | 14.3 | 9.3 | 5.6 | 21.6 | 26.4 | 5.7 | 6.2 | 11.3 | 8.3 | 10.2 |
| EV / free cash flow | 584.1 | 26.1 | 6.8 | — | — | 9.2 | 10.6 | 22.9 | 12.6 | — |
| Earnings yield | 1.7% | 5.5% | 10.3% | −12.5% | −11.6% | 6.6% | 8.1% | −0.5% | −3.2% | −12.4% |
| Free cash flow yield | 0.2% | 5.1% | 26.1% | −8.3% | −11.3% | 21.5% | 18.5% | 8.4% | 10.9% | −7.7% |
| Dividend yield | 0.9% | 1.0% | 3.2% | 4.6% | 2.6% | 2.8% | 2.1% | 2.1% | 19.2% | 15.0% |
| Shareholder yield (dividends + buybacks) | 2.7% | 3.6% | 11.8% | 24.5% | 6.9% | 3.0% | 7.8% | 8.7% | 22.1% | 15.0% |
| Share price at fiscal year-end | $161.33 | $137.87 | $38.52 | $23.20 | $22.77 | $19.66 | $22.99 | $22.89 | $18.32 | $15.50 |
| Per share | ||||||||||
| Revenue per share | $51.32 | $48.85 | $39.39 | $32.50 | $25.04 | $23.30 | $23.62 | $18.11 | $12.69 | $12.08 |
| Earnings per share | $2.73 | $7.54 | $3.98 | −$2.90 | −$2.64 | $1.30 | $1.86 | −$0.11 | −$0.59 | −$1.92 |
| Operating cash flow per share | $11.77 | $12.94 | $14.53 | $1.15 | −$0.43 | $6.80 | $5.47 | $2.91 | $3.24 | −$0.37 |
| Free cash flow per share | $0.37 | $7.05 | $10.07 | −$1.93 | −$2.57 | $4.23 | $4.25 | $1.93 | $2.00 | −$1.19 |
| Cash per share | $2.36 | $3.37 | $9.29 | $1.08 | $2.75 | $0.83 | $0.60 | $1.26 | $3.48 | $1.97 |
| Book value per share | $14.78 | $15.80 | $14.14 | $11.60 | $17.19 | $17.05 | $15.92 | $15.58 | $14.83 | $15.43 |
| Tangible book value per share | −$0.39 | $1.56 | $2.29 | $0.85 | $7.39 | $6.81 | $5.32 | $6.56 | $4.46 | $3.48 |
| Dividends per share | $1.44 | $1.36 | $1.23 | $1.07 | $0.60 | $0.54 | $0.49 | $0.48 | $3.52 | $2.32 |
| Capex per share | $11.40 | $5.89 | $4.47 | $3.08 | $2.14 | $2.56 | $1.22 | $0.98 | $1.24 | $0.82 |
| Debt per share | $59.00 | $49.25 | $39.14 | $31.57 | $22.83 | $20.13 | $22.63 | $22.58 | $10.34 | $10.81 |
| Shares outstanding | 345.7M | 352.6M | 375.2M | 422.4M | 482.2M | 491.1M | 499.9M | 505.0M | 427.8M | 427.6M |
| Change in shares outstanding | −2.0% | −6.0% | −11.2% | −12.4% | −1.8% | −1.8% | −1.0% | +18.0% | +0.0% | +0.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 17.7% | 48.9% | 29.2% | −18.6% | −15.3% | 7.8% | 11.7% | −0.8% | −3.9% | — |
| Return on invested capital (ROIC) | 6.9% | 17.3% | 11.8% | −4.9% | −6.7% | 5.8% | 8.1% | 2.8% | 1.0% | 3.3% |
| Return on assets (ROA) | 2.4% | 7.5% | 4.5% | −3.9% | −4.6% | 2.5% | 3.5% | −0.3% | −1.7% | −5.3% |
| Return on tangible assets | 2.6% | 8.1% | 5.2% | −4.3% | −5.1% | 3.2% | 4.4% | −0.3% | −2.5% | −8.1% |
| Free cash flow margin | 0.7% | 14.4% | 25.6% | −5.9% | −10.3% | 18.2% | 18.0% | 10.7% | 15.7% | −9.9% |
| Income quality (OCF / net income) | 4.31 | 1.72 | 3.65 | — | — | 5.25 | 2.95 | — | — | — |
| Financial health | ||||||||||
| Total debt | $20.39B | $17.36B | $14.68B | $13.34B | $11.01B | $9.88B | $11.31B | $11.40B | $4.42B | $4.62B |
| Cash & short-term investments | $816.0M | $1.19B | $3.48B | $455.0M | $1.32B | $406.0M | $300.0M | $636.0M | $1.49B | $843.0M |
| Net debt | $19.58B | $16.18B | $11.20B | $12.88B | $9.68B | $9.48B | $11.01B | $10.77B | $2.94B | $3.78B |
| Debt / equity | 3.99 | 3.12 | 2.77 | 2.72 | 1.33 | 1.18 | 1.42 | 1.45 | 0.70 | 0.70 |
| Debt / assets | 0.49 | 0.46 | 0.45 | 0.41 | 0.37 | 0.39 | 0.43 | 0.44 | 0.30 | 0.30 |
| Net debt / EBITDA | 3.73 | 2.31 | 2.45 | 12.28 | 12.38 | 2.80 | 3.01 | 5.47 | 2.27 | 3.70 |
| Current ratio | 0.78 | 0.96 | 1.18 | 1.08 | 1.35 | 1.13 | 0.90 | 0.95 | 1.98 | 1.64 |
| Quick ratio | 0.69 | 0.85 | 1.11 | 1.02 | 1.24 | 0.96 | 0.80 | 0.83 | 1.79 | 1.45 |
| Interest coverage | 1.6 | 4.5 | 3.6 | -1.3 | -2.5 | 5.1 | 5.2 | 0.9 | 0.9 | 0.4 |
| Working capital | −$2.63B | −$313.0M | $1.81B | $779.0M | $2.04B | $393.0M | −$460.0M | −$190.0M | $1.32B | $969.0M |
| Invested capital | $24.69B | $21.75B | $16.51B | $17.78B | $17.98B | $17.85B | $18.97B | $18.64B | $9.28B | $10.38B |
| Tangible asset value | −$135.0M | $563.0M | $875.0M | $377.0M | $3.56B | $3.33B | $2.66B | $3.31B | $1.91B | $1.49B |
| Net current asset value | −$27.26B | −$24.07B | −$16.01B | −$16.75B | −$13.51B | −$13.42B | −$14.54B | −$14.72B | −$5.58B | −$6.10B |
| Graham number | $30.14 | $51.78 | $35.59 | — | — | $22.29 | $25.79 | — | — | — |
| Graham net-net per share | −$96.55 | −$82.31 | −$60.05 | −$60.52 | −$37.94 | −$31.00 | −$34.20 | −$32.68 | −$14.51 | −$16.66 |
| Capital allocation | ||||||||||
| Dividends paid | $498.0M | $478.0M | $463.0M | $453.0M | $290.0M | $266.0M | $243.0M | $243.0M | $1.50B | $992.0M |
| Share buybacks (net) | $1.03B | $1.27B | $1.25B | $1.95B | $471.0M | $24.0M | $656.0M | $763.0M | $225.0M | $0 |
| Dividend payout ratio | 52.8% | 18.0% | 31.0% | — | — | 41.8% | 26.2% | — | — | — |
| Dividends + buybacks / free cash flow | — | 70.2% | 45.2% | — | — | 14.0% | 42.3% | 103.2% | 202.3% | — |
| Capex / revenue | 22.2% | 12.1% | 11.3% | 9.5% | 8.6% | 11.0% | 5.2% | 5.4% | 9.8% | 6.8% |
| Capex / operating cash flow | 96.8% | 45.5% | 30.7% | 268.2% | — | 37.7% | 22.3% | 33.7% | 38.3% | — |
| Capex / depreciation | 1.34 | 0.79 | 0.86 | 0.64 | 0.50 | 0.61 | 0.32 | 0.32 | 0.64 | 0.43 |
| Stock-based compensation / revenue | 0.6% | 0.6% | 0.5% | 0.5% | 0.4% | 0.6% | 0.4% | 0.8% | 0.3% | 0.1% |
| SG&A / revenue | 9.7% | 9.3% | 8.4% | 8.7% | 8.6% | 9.0% | 7.7% | 10.1% | 11.0% | 13.4% |
| Efficiency | ||||||||||
| Days sales outstanding | 44.4 | 38.9 | 46.5 | 53.7 | 48.9 | 42.2 | 37.9 | 33.3 | 40.1 | 40.5 |
| Days of inventory on hand | 30.4 | 32.2 | 25.8 | 17.9 | 19.1 | 26.4 | 22.1 | 19.2 | 25.1 | 35.4 |
| Days payables outstanding | 48.4 | 50.0 | 53.3 | 46.5 | 40.7 | 49.1 | 47.5 | 40.9 | 44.5 | 49.3 |
| Cash conversion cycle (days) | 26.5 | 21.1 | 19.0 | 25.1 | 27.3 | 19.5 | 12.5 | 11.6 | 20.8 | 26.6 |
| Receivables turnover | 8.23 | 9.39 | 7.85 | 6.79 | 7.47 | 8.66 | 9.63 | 10.96 | 9.10 | 9.02 |
| Payables turnover | 7.55 | 7.30 | 6.85 | 7.85 | 8.96 | 7.44 | 7.69 | 8.93 | 8.21 | 7.40 |
| Inventory turnover | 11.99 | 11.34 | 14.14 | 20.42 | 19.07 | 13.81 | 16.51 | 19.05 | 14.53 | 10.31 |
| Asset turnover | 0.45 | 0.49 | 0.45 | 0.44 | 0.44 | 0.44 | 0.45 | 0.45 | 0.36 | 0.34 |
| Average receivables | $2.16B | $1.83B | $1.88B | $2.02B | $1.62B | $1.32B | $1.23B | $834.5M | $597.0M | $572.5M |
| Average payables | $1.58B | $1.33B | $1.35B | $1.54B | $1.20B | $913.5M | $946.0M | $709.0M | $476.0M | $496.5M |
| Average inventory | $993.0M | $855.0M | $655.0M | $590.0M | $562.5M | $492.0M | $440.5M | $332.5M | $269.0M | $356.5M |
| Intangibles / total assets | 12.6% | 13.3% | 13.5% | 13.9% | 15.9% | 19.9% | 19.9% | 17.5% | 30.4% | 33.7% |
Computed from VST's annual financial statements (latest annual report filed February 27, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
VST valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Vistra traded at 59.1 times earnings, against a 10-year median of 15.2. Based on the latest twelve months, the trailing P/E is 25.6 and the forward P/E is 13.3. Vistra earned a return on equity of 17.7% and a return on invested capital of 6.9% in fiscal 2025. It ended the year with $20.4 billion of debt and $816.0 million in cash and short-term investments, net debt of $19.6 billion. It returned $1.5 billion to shareholders: $498.0 million in dividends and $1.0 billion in share buybacks. The share count fell 19.2% from 427.6M to 345.7M over 9 years.
See the VST income statement, the VST chart for price history, or the VST stock overview for the latest quote and news.
VST key metrics FAQ
What is Vistra's P/E ratio?
Vistra's trailing P/E ratio is 25.6 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 13.3. At the end of fiscal 2025 it was 59.1, compared with a 10-year median of 15.2.
What is Vistra's EV/EBITDA?
Vistra's enterprise value was 14.3 times EBITDA at the end of fiscal 2025 (enterprise value $75.3 billion, EBITDA $5.3 billion); the current EV/EBITDA is 10.4.
What is Vistra's return on equity?
Vistra's return on equity (ROE) was 17.7% in fiscal 2025: net income of $944.0 million on average shareholders' equity of $5.3 billion.
What is Vistra's ROIC?
Vistra's return on invested capital was 6.9% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Vistra have?
Vistra had total debt of $20.4 billion at the end of fiscal 2025, a debt-to-equity ratio of 3.99 and $19.6 billion of net debt (3.73 times EBITDA).
What is Vistra's dividend yield?
Vistra's forward dividend yield is 0.61%. Vistra paid $498.0 million in dividends in fiscal 2025 ($1.44 per share), a payout ratio of 52.8%.
Does Vistra buy back its shares?
Yes. Vistra spent $1.0 billion on net share repurchases in fiscal 2025 Shares outstanding changed −2.0% over the year, to 345.7M..
What is Vistra's free cash flow yield?
Vistra generated $129.0 million of free cash flow in fiscal 2025, a free cash flow yield of 0.2% on its market value at year-end ($55.8 billion).
What is Vistra's current ratio?
Vistra's current ratio was 0.78 at the end of fiscal 2025: current assets were 0.78 times current liabilities.