VST · XBRL financial data

Vistra Operations Company financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (VST's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	11,443	12,077	13,728	14,779	17,224	17,738
Revenue from contracts with customers	10,850	17,700	15,631	13,804	14,761	17,586
Selling, general and administrative	1,035	1,040	1,189	1,308	1,601	1,714
Operating income (loss)	1,519	(1,515)	(1,177)	2,661	4,081	1,906
Interest expense	630	384	368	740	900	1,179
Income tax expense (benefit)	266	(458)	(350)	508	655	179
Net income (loss)	636	(1,274)	(1,227)	1,493	2,659	944
Earnings per share, basic USD per share	1.30	(2.69)	(3.26)	3.63	7.16	2.22
Earnings per share, diluted USD per share	1.30	(2.69)	(3.26)	3.58	7.00	2.18
Weighted average shares, basic millions of shares	489	482	422	370	345	339
Weighted average shares, diluted millions of shares	491	482	422	375	353	346

Fiscal years (VST's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	406	1,325	455	3,485	1,188	785
Accounts receivable	1,279	1,397	2,059	1,674	1,982	2,323
Inventory	515	610	570	740	970	—
Prepaid and other current assets	205	195	293	364	515	654
Total current assets	3,429	7,883	11,116	11,637	8,119	9,179
Property and equipment, net	13,499	13,056	12,554	12,432	18,173	19,846
Right-of-use asset	45	40	51	50	106	98
Goodwill	2,583	2,583	2,583	2,583	2,807	2,810
Total assets	25,208	29,683	32,787	32,966	37,770	41,550
Accounts payable	880	1,515	1,556	1,147	1,510	1,644
Total current liabilities	3,036	5,843	10,337	9,823	8,432	11,814
Lease liability, non-current	40	38	45	48	98	92
Total liabilities	16,847	21,391	27,869	27,644	32,187	36,440
Accumulated deficit	(399)	(1,964)	(3,643)	(2,613)	(454)	(12)
Total stockholders' equity	8,371	8,291	4,902	5,307	5,570	5,097
Total liabilities and equity	25,208	29,683	32,787	32,966	37,770	41,550
Common shares outstanding (cover page) millions of shares	484	449	381	348	339	337

Fiscal years (VST's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	636	(1,274)	(1,227)	1,493	2,659	944
Stock-based compensation	65	47	63	77	100	113
Depreciation and amortization	1,737	1,753	1,596	1,502	1,843	1,986
Net cash from operating activities	3,337	(206)	485	5,453	4,563	4,070
Purchases of property and equipment	1,259	1,033	1,301	1,676	2,078	2,752
Net cash from investing activities	(1,572)	(1,153)	(1,239)	(2,145)	(5,276)	(4,396)
Share repurchases	0	471	1,949	1,245	1,266	1,028
Dividends paid	266	290	302	313	305	306
Proceeds from long-term debt	0	1,250	1,498	2,498	—	—
Repayments of long-term debt	—	—	251	33	2,287	2,584
Net cash from financing activities	(1,796)	2,274	(80)	(294)	(1,604)	(74)
Net change in cash	—	915	(834)	3,014	(2,317)	(400)

SIC 4911 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 4911 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
Vistra	435	4,017	1,023*	335.6M	Q2 FY26 10-QJun 30, 2026
Entergy Louisiana	4,205	4,365	not reported	477.8M	Q3 FY26 10-QSep 30, 2026
American Electric Power	418	6,793	not reported	544.5M	Q3 FY26 10-QSep 30, 2026
Entergy Arkansas	4,205	4,365	2,235*	477.8M	Q3 FY26 10-QSep 30, 2026
Dominion Energy	435	5,592	not reported	879.6M	Q3 FY26 10-QSep 30, 2026
Nstar Electric	1,819	2,903	not reported	376.7M	Q2 FY26 10-QJun 30, 2026
Constellation Energy	697	7,504	1,128*	354.3M	Q2 FY26 10-QJun 30, 2026
Southern	981	8,397	1,226	1.1B	Q1 FY26 10-QMar 31, 2026
Georgia Power	2,984	6,977	not reported	1.2B	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.