Vistra Corp. (VST) FY2025 Annual P&L / Income Statement

Revenue by Product and Service

2025-01-01 to 2025-12-31

Swipe to see the full flow
Vistra Corp. (VST) FY2025 Annual P&L / Income StatementIncome statement for 2025-01-01 through 2025-12-31. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.SOURCESREVENUE RECONCILIATIONREVENUEOPERATINGPRE-TAXNETUndisclosed (calculated)Hedging revenues — realizedTransferable PTC revenuesTotal other revenuesBusiness interruption insurance proceedsOperating revenuesRevenue before reconciliation (calculated)Hedging revenue — unrealizedIntangible amortization and other revenuesOperating incomeOperating expenses (calculated)Fuel, purchased power costs, and delivery feesOperating costsDepreciation and amortizationSelling, general, and administrative expensesImpairment of long-lived assetsNet income before income taxesOther income (expense), net (calculated)Net incomeIncome tax expenseRevenue before reconciliation (calculated)Revenue beforereconciliation(calculated)$18.52 BNet income before income taxesNet income beforeincome taxes$1.12 BOperating revenuesOperating revenues$17.74 BOperating incomeOperating income$1.91 BNet incomeNet income$944.00 MOperating expenses (calculated)Operating expenses(calculated)$15.83 BIncome tax expenseIncome tax expense$179.00 MOther income (expense), net (calculated)Other income,net (calculated)−$783.00 MUndisclosed (calculated)Undisclosed (calculated)$17.43 BFuel, purchased power costs, and delivery feesFuel, purchased powercosts, and delivery fees$9.10 BOperating costsOperating costs$2.80 BHedging revenues — realizedHedging revenues — realized$583.00 MDepreciation and amortizationDepreciation and amortization$1.99 BTransferable PTC revenuesTransferable PTC revenues$229.00 MHedging revenue — unrealizedHedging revenue— unrealized−$766.00 MSelling, general, and administrative expensesSelling, general, andadministrative expenses$1.71 BTotal other revenuesTotal other revenues$152.00 MIntangible amortization and other revenuesIntangible amortizationand other revenues−$12.00 MBusiness interruption insurance proceedsBusiness interruptioninsurance proceeds$118.00 MImpairment of long-lived assetsImpairment of long-lived assets$228.00 M
Chart details

Vistra Corp. (VST) FY2025 Annual P&L / Income Statement

Income statement for 2025-01-01 through 2025-12-31. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Operating revenues
17,738,000,000 US dollars
Operating expenses (calculated)
15,832,000,000 US dollars
Operating income
1,906,000,000 US dollars
Other income (expense), net (calculated)
negative 783,000,000 US dollars
Net income before income taxes
1,123,000,000 US dollars
Income tax expense
179,000,000 US dollars
Net income
944,000,000 US dollars
Transferable PTC revenues
229,000,000 US dollars
Hedging revenues — realized
583,000,000 US dollars
Business interruption insurance proceeds
118,000,000 US dollars
Intersegment sales
0 US dollars
Total other revenues
152,000,000 US dollars
Undisclosed (calculated)
17,434,000,000 US dollars
Fuel, purchased power costs, and delivery fees
9,101,000,000 US dollars
Operating costs
2,803,000,000 US dollars
Selling, general, and administrative expenses
1,714,000,000 US dollars
Impairment of long-lived assets
228,000,000 US dollars
Depreciation and amortization
1,986,000,000 US dollars
Revenue before reconciliation (calculated)
18,516,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
Hedging revenue — unrealized
negative 766,000,000 US dollars. Reported reconciliation to consolidated revenue.
Intangible amortization and other revenues
negative 12,000,000 US dollars. Reported reconciliation to consolidated revenue.

Chart connections

  • Revenue minus operating expenses equals operating income.
  • Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
  • Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
Vistra Corp. (VST) FY2025 Annual P&L / Income Statement Sankey chart, Product and service view
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Operating margin

10.7%

Operating profit / revenue

Cash conversion

431.1%

Operating cash / net income, same period

Newsletter

Get the teardowns by email

Subscribe if you want the public-company teardowns in your inbox when they're released.

Product waitlist

Health Check and Teardown for your own company

A health check uncovers insights of your private books, not a public ticker. Join this list to get notified as soon as we go-live!