Vistra Corp. (VST) Stock

Vistra Corp. (VST) is a Utilities stock trading at $137.00 (as of 2026-08-21), with a market capitalization of $46.19B and a trailing P/E of 26.5. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Vistra Corp. operates as a retail electricity and power generation company, selling electricity and natural gas to residential, commercial, and industrial customers across 20 U.S. states and the District of Columbia. It also generates power and conducts wholesale energy purchases and sales, with activities including commodity risk management, fuel production, and fuel logistics.

Understand Vistra Corp.: how it makes money

Vistra Corp. operates an integrated retail electricity and power generation business, selling electricity and natural gas to residential, commercial, and industrial customers, and earning money by combining retail supply with power generation and wholesale energy purchases and sales, supported by commodity risk management and fuel production and logistics.

Vistra’s profit model is the linkage between retail energy sales and the upstream system that supplies and hedges that energy, including generation, wholesale transactions, and commodity risk management, with fuel production and logistics affecting cost delivery.

Business quality (Solid): The business model is clear (retail plus generation with wholesale trading, risk management, and fuel logistics), but the provided data does not include segment revenue figures, limiting how precisely we can quantify each segment’s contribution.

Valuation: At 26× earnings, VST trades 20% above the Utilities average (22×). Note: one-time items can distort reported P/E.

Bull case

  • Integrated retail and generation footprint: The company retails electricity and natural gas across 20 states and the District of Columbia, and is also involved in electricity generation plus wholesale energy purchases and sales.
  • Commodity risk management is part of the operating approach: Vistra performs commodity risk management alongside wholesale energy activity, which is structurally relevant to managing volatile energy markets.
  • Fuel production and logistics are in-house activities: The company is involved in fuel production and fuel logistics management, which can influence delivered fuel costs and supply reliability.

Bear case

  • Market and commodity volatility can pressure results: Because the model includes wholesale energy purchases and sales and commodity risk management, adverse commodity or power price movements can still impact outcomes.
  • Operational complexity across the value chain: The business spans retail, generation, wholesale transactions, and fuel production and logistics, increasing execution risk across multiple linked activities.
  • Segment performance may vary across regions and activities: Vistra reports through multiple segments (Retail, Texas, East, West, Sunset, and Asset Closure), so results may not be uniform across segments.
Valuation — source: SEC EDGAR (first-party)
Price$137.00
Market Cap$46.19B
P/E Ratio26.5
EV / EBITDA13.1
Price / Book8.23
Price / Sales2.46
FCF Yield1.3%
DCF Value (model)$122.28
DCF Upside vs Price-10.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$17.74B
Net Margin5.3%
Revenue Growth (YoY)3.0%
EPS Growth (YoY)-69.0%
FCF Growth (YoY)-47.0%
Financial Health — source: SEC EDGAR
Altman Z-Score1.26 (distress)
Valuation vs Sector & Industry
Stock P/E26.5
Sector P/E (Utilities)20.8
Industry P/E (Utilities)20.1
vs Sector27.4%
vs Industry32.2%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($6.71B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorUtilities
IndustryUtilities
CEOJames A. Burke
Employees6,850
CountryUS
IPO Date2016-10-05

Related Companies (Business model: Regulated Utility (Electric / Gas); 8 closest by market cap; US-domiciled)

  • American Electric Power Company, Inc. (AEP)
  • Dominion Energy, Inc. (D)
  • Entergy Corporation (ETR)
  • DTE Energy Company (DTE)
  • Edison International (EIX)
  • FirstEnergy Corp. (FE)
  • Eversource Energy (ES)
  • PPL Corporation (PPL)
VST earnings history · VST institutional & insider holders · VST KPIs & operating metrics · VST financials · VST investor presentations & press releases · VST SEC filings · VST peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.