VST
$140.02+0.19%
as of close, Oct 2, 2026
☾ AH $140.02 +0.19%
VST financial statements
The full income statement, balance sheet, and cash-flow statement for Vistra Corp. (VST), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 343.6M2024-09 340.2M2024-12 339.0M2025-03 339.3M2025-06 338.8M2025-09 338.8M2025-12 337.0M2026-03 337.2M2026-06 335.6M-2.3% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 17.6B+19.1% | 14.8B+6.9% | 13.8B-11.7% | 15.6B-11.7% | 17.7B+63.1% | |
| Selling, general & administrative | 1.71B+7.1% | 1.60B+22.4% | 1.31B+10.0% | 1.19B+14.3% | 1.04B+0.5% | |
| Provision for credit losses | 201M+9.8% | 183M+11.6% | 164M-8.4% | 179M+62.7% | 110M+0.0% | |
| Operating income | 1.91B-53.3% | 4.08B+53.4% | 2.66B+326.1% | -1.18B+22.3% | -1.51B-199.7% | |
| Interest expense | 1.18B+31.0% | 900M+21.6% | 740M+101.1% | 368M-4.2% | 384M-39.0% | |
| Equity-method income | — | — | — | 0.00 | 0.00-100.0% | |
| Pre-tax income | 1.12B-67.6% | 3.47B+73.4% | 2.00B+228.2% | -1.56B+9.4% | -1.72B-293.5% | |
| Income tax | 179M-72.7% | 655M+28.9% | 508M+245.1% | -350M+23.6% | -458M-272.2% | |
| 944M-64.5% | 2.66B+78.1% | 1.49B+221.7% | -1.23B+3.7% | -1.27B-300.3% | ||
| Net income to non-controlling interest | 0.00-100.0% | 153M+15400.0% | -1.00M-105.9% | 17.0M+70.0% | 10.0M+183.3% | |
| Preferred dividends | 192M+0.0% | 192M+28.0% | 150M-0.7% | 151M | — | |
| Net income to common | 752M-69.5% | 2.47B+83.7% | 1.34B+197.5% | -1.38B-6.3% | -1.29B-303.6% | |
| $2.18-68.9% | $7.00+95.5% | $3.58+209.8% | -$3.26-21.2% | -$2.69-306.9% | ||
| EPS (basic) | $2.22-69.0% | $7.16+97.2% | $3.63+211.3% | -$3.26-21.2% | -$2.69-306.9% | |
| Weighted-avg shares (basic) | 339M-1.6% | 345M-6.8% | 370M-12.5% | 422M-12.4% | 482M-1.3% | |
| Weighted-avg shares (diluted) | 346M-2.0% | 353M-6.0% | 375M-11.2% | 422M-12.4% | 482M-1.8% | |
| Dividends per share | $0.90+3.2% | $0.87+6.5% | $0.82+13.3% | $0.72+12.0% | $0.65+17.5% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 9.18B+13.1% | 8.12B-30.2% | 11.6B+4.7% | 11.1B+41.0% | 7.88B+129.9% | ||
| Cash & equivalents | 785M-33.9% | 1.19B-65.9% | 3.48B+665.9% | 455M-65.7% | 1.32B+226.4% | |
| Accounts receivable | 2.32B+17.2% | 1.98B+18.4% | 1.67B-18.7% | 2.06B+47.4% | 1.40B+9.2% | |
| Inventory | — | 970M+31.1% | 740M+29.8% | 570M-6.6% | 610M+18.4% | |
| Prepaid expenses | 654M+25.0% | 523M+43.7% | 364M+24.2% | 293M+50.3% | 195M-4.9% | |
| 41.5B+10.0% | 37.8B+14.6% | 33.0B+0.5% | 32.8B+10.5% | 29.7B+17.8% | ||
| Property, plant & equipment | 19.8B+9.2% | 18.2B+46.2% | 12.4B-1.0% | 12.6B-3.8% | 13.1B-3.3% | |
| Operating lease right-of-use | 98.0M-7.5% | 106M+112.0% | 50.0M-2.0% | 51.0M+27.5% | 40.0M-11.1% | |
| Goodwill | 2.81B+0.1% | 2.81B+8.7% | 2.58B+0.0% | 2.58B+0.0% | 2.58B+0.0% | |
| Intangible assets | 2.44B+10.0% | 2.21B+18.7% | 1.86B-4.8% | 1.96B-8.8% | 2.15B-12.3% | |
| Long-term investments | — | 4.51B+121.7% | 2.04B+17.7% | 1.73B-15.6% | 2.05B+16.5% | |
| Deferred tax assets | 239M+2555.6% | 9.00M-99.3% | 1.22B-28.5% | 1.71B+31.3% | 1.30B+55.4% | |
| Other non-current assets | 1.54B+29.2% | 1.19B+98.2% | 601M+71.2% | 351M-2.8% | 361M+8.7% | |
| 11.8B+40.1% | 8.43B-14.2% | 9.82B-5.0% | 10.3B+76.9% | 5.84B+92.5% | ||
| Accounts payable | 1.64B+8.9% | 1.51B+31.6% | 1.15B-26.3% | 1.56B+2.7% | 1.51B+72.2% | |
| Short-term & current debt | 1.80B | 0.00 | 0.00-100.0% | 650M | 0.00 | |
| Current lease liability | 13.0M+0.0% | 13.0M+85.7% | 7.00M-12.5% | 8.00M+60.0% | 5.00M-37.5% | |
| Other current liabilities | 663M+2.8% | 645M+16.4% | 554M+5.7% | 524M-5.2% | 553M+17.4% | |
| Finance lease liability (current) | 4.00M-55.6% | 9.00M+0.0% | 9.00M+0.0% | 9.00M+12.5% | 8.00M+0.0% | |
| 36.4B+13.2% | 32.2B+16.4% | 27.6B-0.8% | 27.9B+30.3% | 21.4B+27.0% | ||
| Long-term debt | 17.0B+4.6% | 16.3B+13.2% | 14.4B+20.7% | 11.9B+13.9% | 10.5B+13.4% | |
| Non-current lease liability | 92.0M-6.1% | 98.0M+104.2% | 48.0M+6.7% | 45.0M+18.4% | 38.0M-5.0% | |
| Operating lease liability (total) | 105M-5.4% | 111M+101.8% | 55.0M+3.8% | 53.0M+23.3% | 43.0M-10.4% | |
| Finance lease liability (total) | 222M-2.2% | 227M-3.8% | 236M-4.1% | 246M+1.2% | 243M+13.6% | |
| Finance lease liability | 218M+0.0% | 218M-4.0% | 227M-4.2% | 237M+0.9% | 235M+14.1% | |
| Deferred tax liabilities | 1.05B+50.5% | 697M+69600.0% | 1.00M+0.0% | 1.00M | 0.00-100.0% | |
| Other non-current liabilities | 1.53B+20.2% | 1.27B+27.1% | 999M-0.5% | 1.00B-32.6% | 1.49B+31.7% | |
| 5.10B-8.5% | 5.57B+5.0% | 5.31B+8.3% | 4.90B-40.9% | 8.29B-1.0% | ||
| Preferred stock | 2.48B+0.0% | 2.48B+0.0% | 2.48B+23.8% | 2.00B+0.0% | 2.00B | |
| Common stock | 5.00M+0.0% | 5.00M+0.0% | 5.00M+0.0% | 5.00M+0.0% | 5.00M+0.0% | |
| Additional paid-in capital | 9.54B+1.1% | 9.44B-6.5% | 10.1B+1.7% | 9.93B+1.1% | 9.82B+0.4% | |
| Retained earnings | -12.0M+97.4% | -454M+82.6% | -2.61B+28.3% | -3.64B-85.5% | -1.96B-392.2% | |
| Treasury stock | 6.92B+17.1% | 5.91B+26.8% | 4.66B+37.3% | 3.40B+117.9% | 1.56B+60.1% | |
| Accumulated other comprehensive income | 17.0M-15.0% | 20.0M+233.3% | 6.00M-14.3% | 7.00M+143.8% | -16.0M+66.7% | |
| Non-controlling interest | 13.0M+0.0% | 13.0M-13.3% | 15.0M-6.3% | 16.0M+1500.0% | 1.00M+110.0% | |
| Total equity incl. non-controlling | 5.11B-8.5% | 5.58B+4.9% | 5.32B+8.2% | 4.92B-40.7% | 8.29B-0.8% | |
| Total liabilities & equity | 41.5B+10.0% | 37.8B+14.6% | 33.0B+0.5% | 32.8B+10.5% | 29.7B+17.8% | |
| Common shares outstanding | 338M-0.5% | 340M-3.3% | 351M-9.8% | 390M-16.9% | 469M-4.1% | |
| Shares outstanding (cover) | 337M-0.6% | 339M-2.6% | 348M-8.8% | 381M-15.0% | 449M-7.2% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 4.07B-10.8% | 4.56B-16.3% | 5.45B+1024.3% | 485M+335.4% | -206M-106.2% | ||
| Depreciation & amortization | 1.99B+7.8% | 1.84B+22.7% | 1.50B-5.9% | 1.60B-9.0% | 1.75B+0.9% | |
| Share-based compensation | 113M+13.0% | 100M+29.9% | 77.0M+22.2% | 63.0M+34.0% | 47.0M-27.7% | |
| Deferred income taxes | 136M-77.6% | 607M+32.8% | 457M+227.3% | -359M+24.4% | -475M-306.5% | |
| Change in receivables | 528M+118.2% | 242M+213.1% | -214M-125.1% | 852M+273.7% | 228M+590.9% | |
| Change in inventory | 3.00M-90.3% | 31.0M-82.2% | 174M+583.3% | -36.0M-136.0% | 100M+69.5% | |
| Change in payables | 16.0M-15.8% | 19.0M+105.4% | -350M-472.3% | 94.0M-76.6% | 402M+1105.0% | |
| -4.40B+16.7% | -5.28B-146.0% | -2.15B-73.1% | -1.24B-7.5% | -1.15B+26.7% | ||
| Capital expenditure | 2.75B+32.4% | 2.08B+24.0% | 1.68B+28.8% | 1.30B+25.9% | 1.03B-18.0% | |
| Free cash flow | 1.32B-47.0% | 2.48B-34.2% | 3.78B+562.9% | -816M+34.1% | -1.24B-159.6% | |
| Acquisitions | 0.00-100.0% | 3.06B | 0.00 | 0.00 | 0.00 | |
| Other investing activities | 10.0M+66.7% | 6.00M+20.0% | 5.00M+114.3% | -35.0M-975.0% | 4.00M-63.6% | |
| -74.0M+95.4% | -1.60B-445.6% | -294M-267.5% | -80.0M-103.5% | 2.27B+226.6% | ||
| Long-term debt issued | 2.51B-34.3% | 3.82B+52.8% | 2.50B+66.8% | 1.50B+19.8% | 1.25B | |
| Long-term debt repaid | 2.58B+13.0% | 2.29B+6830.3% | 33.0M-86.9% | 251M | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 1.03B-18.8% | 1.27B+1.7% | 1.25B-36.1% | 1.95B+313.8% | 471M | |
| Dividends paid | 306M+0.3% | 305M-2.6% | 313M+3.6% | 302M+4.1% | 290M+9.0% | |
| Other financing activities | -19.0M-35.7% | -14.0M-116.9% | 83.0M+167.7% | 31.0M+247.6% | -21.0M-320.0% | |
| Net change in cash | -400M+82.7% | -2.32B-176.9% | 3.01B+461.4% | -834M-191.1% | 915M | |
| Interest paid | 1.17B+18.0% | 987M+55.2% | 636M+9.5% | 581M+20.5% | 482M+0.0% | |
| Income taxes paid | 97.0M+76.4% | 55.0M+77.4% | 31.0M | — | -50.0M+64.3% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 54.4B+16.3% | 46.7B+239.3% | 13.8B+49.2% | 9.23B-9.7% | 10.2B+7.5% | |
| P/E | 57.6×+227.6% | 17.6×+82.6% | 9.6× | — | — | |
| P/S | 3.1×-2.4% | 3.2×+243.2% | 0.9×+47.5% | 0.6×+8.3% | 0.6×-34.1% | |
| P/B | 10.7×+27.1% | 8.4×+235.4% | 2.5×+51.2% | 1.7×+34.2% | 1.2×+8.5% | |
| P/FCF | 41.2×+119.3% | 18.8×+352.1% | 4.2× | — | — | |
| Earnings yield | 1.7%-69.5% | 5.7%-45.2% | 10.4% | — | — | |
| FCF yield | 2.4%-54.4% | 5.3%-77.9% | 24.0% | — | — | |
| Dividend yield | 0.56%-11.8% | 0.63%-70.3% | 2.1%-31.7% | 3.1%+10.0% | 2.8%+1.5% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: VST’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all VST filings on SEC EDGAR → Not investment advice.