VST Q4 2025 Earnings — Vistra Corp. Revenue & Financial Results | Market Cap Arena

VSTVistra Corp.

$57B

Q4 2025 Earnings

Utilities Independent Power Producers

Income Statement

Revenue

$3.3B-54.6% YoY

Gross Profit

-$112M-3.3% margin

Operating Income

-$818M-24.4% margin

Net Income

$233M7.0% margin

EPS (Diluted)

$0.69

QoQ Revenue Growth

-32.7%

Cash Flow

Operating Cash Flow

-$2.6B

Free Cash Flow

-$722M

Stock-Based Comp.

-$82M

Balance Sheet

Total Assets

$3.9B

Total Liabilities

$36.4B

Stockholders' Equity

$5.1B

Cash & Equivalents

$4.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.3B	$7.4B	-54.6%
Gross Profit	-$112M	$4.2B	-102.7%
Operating Income	-$818M	$3.8B	-121.5%
Net Income	$233M	$441M	-47.2%

Revenue Segments

Retail Energy Charge In ERCOT

$4.8B50%

Retail Energy Charge In Northeast/Midwest

$2.2B23%

Wholesale Generation Revenue From ERCOT

$1.8B19%

Revenue From Other Wholesale Contracts

$565M6%

Capacity Revenue

$177M2%

Geographic Segments

East Segment

$4.7B95%

West Segment

$260M5%