How Vistra makes money

Period

FY2025

How does Vistra make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Vistra Corp. · FY2025 · year ended 2025-12-31

Revenue$17.6BGross profit$17.6B · 100%Cost of revenue$0 · 0%Operating income$1.9B · 11%Operating expenses$15.7B · 89%SG&A$1.7B · 10%Other opex$14.0B · 79%Pre-tax income$1.1B · 6%Other expense$783M · 4%Net income$944M · 5%Income tax$179M · 1%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.