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Vistra Corp.

VST ·Utilities, Utilities - Regulated Electric, United States
Analysis › KPI Dashboard

As of Fiscal Year 2025 (ended December 31, 2025)

Key KPIs at a Glance

Metric Value
Total revenue (FY2025) $17,738 million, up 3.0% year-over-year from $17,224 million in FY2024
Net income (FY2025) $944 million companywide; $752 million attributable to common stockholders after $192 million of preferred dividends
Adjusted EBITDA - Ongoing Operations (FY2025) $5,912 million (company's primary non-GAAP profitability metric)
Adjusted EBITDA - Corporate/Other segment (FY2025) -$70 million (negative; excluded from segment pie)
Adjusted EBITDA - Asset Closure segment (FY2025) -$74 million (negative; excluded from segment pie)
FY2026 Adjusted EBITDA guidance $6.8 billion to $7.6 billion (includes contribution from pending Cogentrix acquisition)
Total generation capacity (as of 12/31/2025) ~43,641 MW net
Generation mix by fuel (as of 12/31/2025) Natural gas 26,989 MW (62%); Coal 8,743 MW (20%); Nuclear 6,448 MW (15%); Solar/battery storage 1,274 MW (3%); Fuel oil 187 MW (<1%)
Common stock dividend Quarterly dividend of $0.227/share declared Oct 30, 2025 (~2% increase vs. Q4 2024); ~$0.908/share annualized
Employees ~6,390 full-time employees as of 12/31/2025, down from ~6,850 at year-end 2024
Data-center / AI demand - nuclear PPAs 20-year PPA with Amazon Web Services for up to 1,200 MW of carbon-free power from the Comanche Peak nuclear plant; 20-year PPAs with Meta for 2,600+ MW of energy, capacity, and uprates across Vistra's PJM nuclear fleet
M&A - capacity growth Lotus Infrastructure Partners gas portfolio (2,600 MW) acquisition closed November 2025; pending Cogentrix Energy acquisition (~5,500 MW natural gas), expected to close mid-to-late 2026
Cash flow from operations (FY2025) $4,070 million
Share repurchases (FY2025) $1,028 million; ~$5.9 billion cumulatively repurchased since program inception in November 2021

Adjusted EBITDA by Segment (FY2025, Ongoing Operations)

Adjusted EBITDA (4 positive segments): $5.98B

Vistra discloses Adjusted EBITDA by segment, not revenue by segment. Slices shown total $5,982M vs. companywide Ongoing Operations Adjusted EBITDA of $5,912M because the Corporate/Other segment (-$70M) is excluded here as a negative value; Asset Closure (-$74M, a separate non-ongoing segment) is also excluded. Both negative segments are detailed in the KPI table.

Total Revenue Growth

Company-reported consolidated operating revenues, FY2021-FY2025. FY2021 reflects the extreme, volatile ERCOT power prices during the February 2021 Winter Storm Uri event.

Sources: Figures are company-disclosed from Vistra Corp's Q4/Full-Year 2025 earnings release (issued Feb 26, 2026) and its FY2025 Form 10-K (filed Feb 27, 2026), unless noted as third-party. Vistra does not break out operating revenue by reportable segment in its earnings materials, so the segment pie uses Adjusted EBITDA (Ongoing Operations) by segment instead, which the company does disclose cleanly. The Corporate/Other and Asset Closure segments posted negative Adjusted EBITDA in FY2025 and are excluded from the pie per the no-negative-slice rule; both are shown in the KPI table instead. 2021-2024 revenue history came from stockanalysis.com/macrotrends secondary aggregation (cross-checked, consistent with Vistra's own stated YoY growth rates) rather than being pulled directly from older 10-Ks.