Vistra revenue and financials
$160.50Change from previous close: +10.77%Absolute change: +$15.61
In the fiscal year ended December 2025, Vistra reported revenue of $17.74B (+2.98% year over year). Net income was $944M, a net margin of 5.3%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +2.98%
- 2025 vs 2024
- Net income growth
- −64.50%
- 2025 vs 2024
- Net margin
- 5.3%
- 2024: 15.4%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1,023 | 1,199 | 1,432 | 1,467 | 572 | 599 | 1,353 | 1,702 | 1,196 | 312 | 881 | 1,560 |
| Depreciation and amortization | 645 | 718 | 725 | 691 | 762 | — | — | — | — | — | — | — |
| Capital expenditure | -689 | -883 | -836 | -458 | -690 | -768 | -430 | -685 | -498 | -465 | -414 | -336 |
| Investing cash flow | -641 | -638 | -2,234 | -491 | -610 | -1,061 | -317 | -762 | -669 | -3,528 | -763 | -415 |
| Financing cash flow | -578 | -706 | 986 | -833 | -63.0 | -164 | -754 | -1,661 | 18.0 | 793 | 196 | 1,382 |
| Dividends paid | -152 | -98.0 | -152 | -98.0 | -144 | -104 | -150 | -103 | -148 | -77.0 | -160 | -75.0 |
| Share repurchases | -337 | -441 | -201 | -188 | -252 | -387 | -234 | -399 | -330 | -425 | -379 | -314 |
| Debt issued | 4,422 | 2,400 | 3,982 | 465 | 1,239 | 332 | 1,617 | 1,352 | 1,375 | 2,075 | 748 | 1,750 |
| Debt repaid | -4,444 | -2,540 | -1,920 | -1,018 | -877 | -6.0 | -18.0 | -2,515 | -850 | -756 | -12.0 | -7.0 |
| Net change in cash | -196 | -145 | 184 | 143 | -101 | -626 | 282 | -721 | 545 | -2,423 | 314 | 2,527 |
| Free cash flow | 334 | 316 | 596 | 1,009 | -118 | -169 | 923 | 1,017 | 698 | -153 | 467 | 1,224 |
| Levered free cash flow | -295 | 502 | -230 | -1.6 | -496 | 278 | 1,239 | 739 | 555 | -404 | -284 | 921 |