Vistra Corp.VSTEarnings & Financial Report
Vistra may refer to either of two companies:Vistra, a corporate services company based in Hong Kong Vistra Corp, an energy company based in Texas
Revenue
$4.8B
Gross Profit
N/A
Operating Profit
$1.0B
Net Profit
$652.0M
Gross Margin
N/A
Operating Margin
21.7%
Net Margin
13.6%
YoY Growth
10.1%
EPS
$1.75
Vistra Corp. Q3 FY2025 Financial Summary
Vistra Corp. reported revenue of $4.8B (up 10.1% YoY) for Q3 FY2025, with a net profit of $652.0M (down 65.5% YoY) (13.6% margin).
Key Financial Metrics
| Total Revenue | $4.8B |
|---|---|
| Net Profit | $652.0M |
| Gross Margin | N/A |
| Operating Margin | 21.7% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
Vistra Corp. Q3 FY2025 revenue of $4.8B breaks down across 9 segments, led by Retail Energy Charge In ERCOT at $2.7B (56.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Retail Energy Charge In ERCOT | $2.7B | 56.5% |
| Retail Energy Charge In Northeast Midwest | $1.1B | 22.1% |
| Other | $770.0M | 16.1% |
| Wholesale Generation Revenue From ERCOT | $112.0M | 2.3% |
| Revenue From Other Wholesale Contracts | $100.0M | 2.1% |
| Intersegment Sales | $34.0M | 0.7% |
| Intangible Amortization And Other Revenues | $7.0M | 0.1% |
| Asset Closure Segment | $2.0M | 0.0% |
| Business Interruption Insurance Proceeds | $1.0M | 0.0% |
Vistra Corp. Revenue by Segment — Quarterly Trend
Vistra Corp. revenue by segment across the last 4 reported quarters, showing how each business line (such as Retail Energy Charge In ERCOT and Retail Energy Charge In Northeast Midwest) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Retail Energy Charge In ERCOT | $2.1B | $2.7B | $2.2B | — |
| Retail Energy Charge In Northeast Midwest | $1.2B | $1.1B | $793.0M | — |
| Other | — | $770.0M | $546.0M | — |
| Wholesale Generation Revenue From ERCOT | — | $112.0M | $41.0M | — |
| Revenue From Other Wholesale Contracts | $116.0M | $100.0M | $109.0M | — |
Vistra Corp. Annual Revenue by Year
Vistra Corp. annual revenue history includes year-by-year totals (for example, 2025 revenue was $17.6B).
| Year | Annual Revenue |
|---|---|
| 2025 | $17.6B |
| 2024 | $14.8B |
| 2023 | $13.8B |
| 2022 | $15.6B |
Vistra Corp. Quarterly Revenue & Net Profit History
Vistra Corp. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $4.8B | +31.2% | $233.0M | 4.8% |
| Q3 FY2025 | $4.8B | +10.1% | $652.0M | 13.6% |
| Q2 FY2025 | $3.8B | +4.3% | $327.0M | 8.7% |
| Q1 FY2025 | $4.3B | +34.5% | $-268.0M | -6.3% |
| Q4 FY2024 | $3.7B | +27.1% | $441.0M | 12.0% |
| Q3 FY2024 | $4.3B | -9.4% | $1.9B | 43.5% |
| Q2 FY2024 | $3.6B | +18.9% | $365.0M | 10.1% |
| Q1 FY2024 | $3.2B | +1.7% | $-35.0M | -1.1% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.16B | $3.60B | $4.34B | $3.66B | $4.25B | $3.75B | $4.78B | $4.80B |
| YoY Growth | 1.7% | 18.9% | -9.4% | 27.1% | 34.5% | 4.3% | 10.1% | 31.2% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $38.18B | $39.13B | $37.88B | $37.77B | $38.23B | $38.15B | $38.02B | $41.55B |
| Liabilities | $30.89B | $31.82B | $29.23B | $32.19B | $33.39B | $33.31B | $32.80B | $36.44B |
| Equity | $5.66B | $5.59B | $5.44B | $5.57B | $4.83B | $4.82B | $5.21B | $5.10B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $312.0M | $1.20B | $1.70B | $1.35B | $599.0M | $572.0M | $1.47B | $1.43B |