Vistra Corp. (VST) closed fiscal year 2025 with a gross margin of 32.9 % and a net margin of 5.3 %.
Vistra Corp. (VST) closed fiscal year 2025 with a gross margin of 32.9 % and a net margin of 5.3 %. The same year shows an EBITDA margin of 27.4 % and an EBIT margin of 10.7 %. The free cash flow margin was 7.4 %. Against the previous year the gross margin moved −10.8 pp and the net margin −10.1 pp. Across the period the gross margin ranges between 10.8 % in 2022 and 43.7 % in 2024. The series covers 9 fiscal years, from 2017 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | — | — | — | — | — | 10.76 % | 37.35 % | 43.69 % | 32.89 % |
| EBITDA margin (%) | 19.02 % | 20.66 % | 32.76 % | 31.17 % | 3.02 % | 5.57 % | 31.24 % | 38.97 % | 27.38 % |
| EBIT margin (%) | 3.65 % | 5.01 % | 16.88 % | 13.27 % | -8.56 % | -7.53 % | 18.01 % | 23.69 % | 10.75 % |
| Net margin (%) | -4.68 % | -0.55 % | 7.86 % | 5.56 % | -7.20 % | -7.85 % | 10.10 % | 15.44 % | 5.32 % |
| FCF margin (%) | 23.43 % | 9.60 % | 17.13 % | 18.16 % | -7.00 % | -5.22 % | 25.56 % | 14.43 % | 7.43 % |
