# Vistra Corp.: overview

VST · NYSE · CIK 1692819 · [Utilities](/sectors/utilities.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/vst.md) · [Financials](/companies/vst/financials.md) · [Filings](/companies/vst/filings.md) · [Insiders](/companies/vst/insiders.md)

Latest reported revenue: [$4.40bn](/filings/0001692819-26-000019.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 10, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001692819-26-000019).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [4,341](/filings/0001692819-25-000094.md) | [3,662 d](/filings/0001692819-26-000006.md) | [4,250](/filings/0001692819-26-000014.md) | [3,753](/filings/0001692819-26-000019.md) | [4,778](/filings/0001692819-25-000094.md) | [4,805 d](/filings/0001692819-26-000006.md) | [5,001](/filings/0001692819-26-000014.md) | [4,401](/filings/0001692819-26-000019.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [59.6%](/filings/0001692819-25-000094.md) | [16.4% d](/filings/0001692819-26-000006.md) | [(2.8%)](/filings/0001692819-26-000014.md) | [13.7%](/filings/0001692819-26-000019.md) | [21.7%](/filings/0001692819-25-000094.md) | [9.9% d](/filings/0001692819-26-000006.md) | [30.0%](/filings/0001692819-26-000014.md) | [12.6%](/filings/0001692819-26-000019.md) |
| Net margin | % | [43.5%](/filings/0001692819-25-000094.md) | [12.0% d](/filings/0001692819-26-000006.md) | [(6.3%)](/filings/0001692819-26-000014.md) | [8.7%](/filings/0001692819-26-000019.md) | [13.6%](/filings/0001692819-25-000094.md) | [4.8% d](/filings/0001692819-26-000006.md) | [20.6%](/filings/0001692819-26-000014.md) | [6.9%](/filings/0001692819-26-000019.md) |
| Diluted EPS | $ per share | [5.25](/filings/0001692819-25-000094.md) | not reported | [(0.93)](/filings/0001692819-26-000014.md) | [0.81](/filings/0001692819-26-000019.md) | [1.75](/filings/0001692819-25-000094.md) | not reported | [2.87](/filings/0001692819-26-000014.md) | [0.76](/filings/0001692819-26-000019.md) |
| Free cash flow | $m | [1,017 d](/filings/0001692819-25-000094.md) | [923 d](/filings/0001692819-26-000006.md) | [(169)](/filings/0001692819-26-000014.md) | [(118) d](/filings/0001692819-26-000019.md) | [1,009 d](/filings/0001692819-25-000094.md) | [596 d](/filings/0001692819-26-000006.md) | [316](/filings/0001692819-26-000014.md) | [334 d](/filings/0001692819-26-000019.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $bn | [17.7](/filings/0001692819-24-000012.md) | [15.6](/filings/0001692819-25-000013.md) | [13.8](/filings/0001692819-26-000006.md) | [14.8](/filings/0001692819-26-000006.md) | [17.6](/filings/0001692819-26-000006.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(8.6%)](/filings/0001692819-24-000012.md) | [(7.5%)](/filings/0001692819-25-000013.md) | [19.3%](/filings/0001692819-26-000006.md) | [27.6%](/filings/0001692819-26-000006.md) | [10.8%](/filings/0001692819-26-000006.md) |
| Net margin | % | [(7.2%)](/filings/0001692819-24-000012.md) | [(7.8%)](/filings/0001692819-25-000013.md) | [10.8%](/filings/0001692819-26-000006.md) | [18.0%](/filings/0001692819-26-000006.md) | [5.4%](/filings/0001692819-26-000006.md) |
| Diluted EPS | $ per share | [(2.69)](/filings/0001692819-24-000012.md) | [(3.26)](/filings/0001692819-25-000013.md) | [3.58](/filings/0001692819-26-000006.md) | [7.00](/filings/0001692819-26-000006.md) | [2.18](/filings/0001692819-26-000006.md) |
| Free cash flow | $bn | [(1.2)](/filings/0001692819-24-000012.md) | [(0.8)](/filings/0001692819-25-000013.md) | [3.8](/filings/0001692819-26-000006.md) | [2.5](/filings/0001692819-26-000006.md) | [1.3](/filings/0001692819-26-000006.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/vst/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $4.61bn | 29,064,465 |  | Added +584,124 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $3.39bn | 21,393,858 |  | Reduced −102 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $2.69bn | 16,939,291 |  | Added +37,073 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $2.67bn | 16,850,452 |  | Added +79,972 |
| [FMR LLC](/funds/315066.md) | 2026-06-30 | $2.25bn | 14,160,202 |  | Reduced −1,647,805 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $1.43bn | 9,037,395 |  | Added +3,724 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $1.41bn | 8,880,730 |  | Added +623,792 |
| [JANE STREET GROUP, LLC](/funds/1595888.md) | 2026-06-30 | $1.28bn | 8,065,900 | Put | Added +1,530,400 |
| [NORGES BANK](/funds/1374170.md) | 2026-06-30 | $921.8m | 5,811,201 |  | New +5,811,201 |
| [UBS Group AG](/funds/1610520.md) | 2026-06-30 | $856.4m | 5,398,501 |  | Added +800,517 |

## Recent filings

[All 976 filings](/companies/vst/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-05 | 00:12 ET | [8-K](/filings/0001140361-26-038468.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001140361-26-038468 |
| 2026-09-24 | 21:13 ET | [8-K](/filings/0001140361-26-037577.md) | 1.01 Entry into a material agreement; 8.01 Other events; 9.01 Financial statements and exhibits | 0001140361-26-037577 |
| 2026-08-10 | 22:11 ET | [10-Q](/filings/0001692819-26-000019.md) | Quarterly report, period 2026-06-30 | 0001692819-26-000019 |
| 2026-08-07 | 11:00 ET | [8-K](/filings/0001692819-26-000017.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001692819-26-000017 |
| 2026-07-16 | 13:02 ET | [8-K](/filings/0001140361-26-028619.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001140361-26-028619 |
| 2026-07-14 | 21:29 ET | [8-K](/filings/0001140361-26-028454.md) | 8.01 Other events | 0001140361-26-028454 |
| 2026-06-30 | 20:30 ET | [8-K](/filings/0001140361-26-026944.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001140361-26-026944 |
| 2026-05-08 | 23:30 ET | [10-Q](/filings/0001692819-26-000014.md) | Quarterly report, period 2026-03-31 | 0001692819-26-000014 |
| 2026-05-07 | 11:01 ET | [8-K](/filings/0001692819-26-000011.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001692819-26-000011 |
| 2026-05-04 | 20:15 ET | [8-K](/filings/0001140361-26-018872.md) | 5.07 Shareholder vote results | 0001140361-26-018872 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001692819-26-000006.md), filed Feb 27, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/0af3a905-e0c0-445e-831e-920cde7445f0)

## About the filer

- CIK: 1692819
- Tickers: VST
- Exchange: NYSE
- SIC code: 4911 Electric Services
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:46 ET. No prices; not investment advice.