Vistra (VST) stock
Utilities · Electric Utilities
Vistra (VST) is an Electric Utilities company in the Utilities sector, headquartered in Irving, Texas. As of October 23, 2026, VST closed at $140.16, a market capitalization of $47.04 billion, the 244th largest company in the S&P 500. Over the last twelve months it generated $19.21 billion in revenue (-6% year over year) and $2.25 billion in free cash flow. The stock trades at 23.6x trailing earnings and 13.5x forward earnings.
- 1-year total return: -26.3% (dividends reinvested)
- 5-year return: +51.5% a year
- 52-week range: $132.66 – $203.66
- Gross margin 38.3%, operating margin 13.8%
- Dividend yield: 0.66%, 6 straight years of increases
- FI Handbook report card: B- across 10 metrics
- 10th largest of 31 Utilities stocks in the S&P 500
VST price chart
1Y price change: -26.8% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| VST | +1.6% | -12.7% | -26.3% | +65.2% | +51.5% | +28.4% | +28.5% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 2016.
VST key statistics
- Market cap
- $47.0B
- #244 in S&P 500
- P/E (TTM)
- 23.6x
- Forward P/E
- 13.5x
- EPS (TTM)
- $5.93
- Revenue (TTM)
- $19.2B
- -6%
- Free cash flow
- $2.3B
- Gross margin
- 38.3%
- Operating margin
- 13.8%
- Return on equity
- 43.0%
- Dividend yield
- 0.66%
- 52-week range
- $132.66 – $203.66
- Beta
- 1.38
- Price / sales
- 2.4x
- EV / EBITDA
- 10.5x
- Debt / equity
- 3.73x
- Employees
- 6,390
VST report card
B-Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth-5.5%F
- Gross margin38.3%C
- Operating margin13.8%C
- FCF margin11.7%C
- Return on equity43.0%A
- Net debt / EBITDA3.0xD
- Forward P/E13.5xA
- PEG ratio0.3xA
- Shareholder yield2.8%C
- Share count change / yr-6.8%A
Vistra financials
Revenue went from $5.4B in fiscal 2017 to $17.6B in fiscal 2025, growing 15.8% a year.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.4B | $9.8B | $11.5B | $10.8B | $17.7B | $15.6B | $13.8B | $14.8B | $17.6B |
| Operating income | $198.0M | $491.0M | $2.0B | $1.5B | -$1.5B | -$1.2B | $2.7B | $4.1B | $1.9B |
| Net income | -$254.0M | -$54.0M | $928.0M | $636.0M | -$1.3B | -$1.2B | $1.5B | $2.7B | $944.0M |
| EPS (diluted) | $-0.59 | $-0.11 | $1.86 | $1.30 | $-2.69 | $-3.26 | $3.58 | $7.00 | $2.18 |
| Free cash flow | $1.3B | $941.0M | $2.0B | $2.1B | -$1.2B | -$816.0M | $3.8B | $2.5B | $1.3B |
| Buybacks | $0 | $763.0M | $656.0M | $0 | $471.0M | $1.9B | $1.2B | $1.3B | $1.0B |
| Dividends paid | $0 | $0 | $243.0M | $266.0M | $290.0M | $302.0M | $313.0M | $305.0M | $306.0M |
| Diluted shares | 427.8M | 505.0M | 499.9M | 491.1M | 482.2M | 422.4M | 375.2M | 352.6M | 345.7M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into VST?
A reverse DCF asks what growth the current price requires. With an enterprise value of $67.1B and $2.3B of trailing free cash flow, Vistra needs to grow free cash flow about 20.7% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew -8.7% a year over the last five years.
P/E ratio history
Current 64.3x vs. median 21.2x (10th–90th percentile 10.1x–63.8x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
VST dividend
- Dividend yield
- 0.66%
- Annual dividend
- $0.92
- Years of increases
- 6
- 5-yr dividend growth
- 10.8%
- per year
- Payout ratio
- 15%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
VST analyst price targets
22 analysts' average 12-month target is $208.86 (+49% vs. $140.16). Targets range from $106.00 to $305.00. 96% rate it a buy.
VST earnings
Next report: November 6, 2026. Last quarter's revenue was $4.0B (-5% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 10, 2026 | $1.63 | $0.76 | -53.4% |
| May 8, 2026 | $1.87 | $2.87 | +53.4% |
| Feb 27, 2026 | $2.30 | $0.54 | -76.5% |
| Nov 7, 2025 | $1.40 | $1.38 | -1.3% |
| Aug 8, 2025 | $1.05 | $0.71 | -32.5% |
| May 8, 2025 | $0.61 | $-0.93 | -251.7% |
| Feb 28, 2025 | $1.45 | $1.14 | -21.2% |
| Nov 8, 2024 | $1.26 | $5.25 | +317.0% |
Stocks like VST
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 SO Southern | -0.99% | -0% | $106.9B | 22.4x | Compare |
 DUK Duke Energy Corporation (Holdin | -0.33% | +2% | $97.4B | 18.8x | Compare |
 CEG Constellation Energy Corporatio | -0.69% | -30% | $89.8B | 24.8x | Compare |
 AEP American Electric Power | -0.73% | +15% | $70.6B | 22.5x | Compare |
 ETR Entergy | -0.79% | +15% | $51.3B | 27.5x | Compare |
 EXC Exelon | -0.94% | -3% | $45.8B | 16.3x | Compare |
 WEC WEC Energy | -0.95% | -1% | $36.2B | 21.6x | Compare |
 PEG Public Service Enterprise | -0.96% | -10% | $35.9B | 17.9x | Compare |
VST news
- Vistra Slides 17% in Three Months Despite a $4.2 Billion Nuclear Loan Offer · Oct 25, 2026
- Is AI Power Demand Reset Altering The Investment Case For Vistra Stock? · Oct 25, 2026
- Vistra (VST) Stock May Trade Below Fair Value After Nuclear Loan News · Oct 25, 2026
- Vistra Stock Fell Nearly 10% in a Day After Meta’s Earnings. Here’s Why Its Forecast Already Discounts the Data Center Hype · Oct 24, 2026
- Can Vistra (VST) Keep the Earnings Surprise Streak Alive? · Oct 23, 2026
VST stock FAQ
What is VST's market cap?
Vistra's market capitalization is $47.04 billion as of October 23, 2026, ranking 244th in the S&P 500.
What is VST's P/E ratio?
VST trades at a trailing price-to-earnings ratio of 23.6x and a forward P/E of 13.5x. Its median P/E over the period we track is 21.2x.
Does VST pay a dividend?
Yes. Vistra pays $0.92 per share a year, a 0.66% yield. It has raised its dividend 6 years in a row. Dividends grew 10.8% a year over the last five years.
How much has VST stock returned?
Including reinvested dividends, VST returned -26.3% over one year, +51.5% a year over five years, +28.4% a year over ten years through October 23, 2026.
Is VST stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Vistra must grow free cash flow about 21% a year for the next decade. Its free cash flow fell 9% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the VST price target?
22 analysts cover VST with an average 12-month price target of $208.86, +49% from the current price. 96% of them rate it a buy.
When does VST report earnings?
Vistra is expected to report earnings on November 6, 2026.
How many employees does Vistra have?
Vistra has about 6,390 full-time employees, or $3.0 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology