VST Profit Margins - Vistra Corp.

Complete source-backed margin history.

Historical Profit Margins

Date	Gross margin	Operating margin	Net margin
2026-06-30	—	12.57%	6.93%
2026-03-31	—	29.97%	20.58%
2025-12-31	—	9.86%	4.85%
2025-09-30	—	21.70%	13.65%
2025-06-30	—	13.72%	8.71%
2025-03-31	—	-2.82%	-6.31%
2024-12-31	—	16.36%	12.04%
2024-09-30	—	59.62%	43.49%
2024-06-30	—	22.45%	10.14%
2024-03-31	—	2.72%	-1.11%
2023-12-31	—	3.54%	-6.39%
2023-09-30	—	17.41%	10.48%
2023-06-30	—	19.52%	15.73%
2023-03-31	—	36.40%	22.50%
2022-12-31	—	-2.45%	-6.14%
2022-09-30	—	18.48%	13.81%
2022-06-30	—	-50.60%	-41.04%
2022-03-31	—	-8.32%	-8.23%
2021-12-31	—	28.25%	23.15%
2021-09-30	—	3.21%	0.19%
2021-06-30	—	2.33%	1.35%
2021-03-31	—	-31.49%	-24.91%
2020-12-31	—	2.83%	-1.08%
2020-09-30	—	20.88%	13.68%
2020-06-30	—	15.33%	6.75%
2020-03-31	—	15.86%	2.27%
2019-12-31	—	12.19%	8.54%
2019-09-30	—	10.93%	2.81%
2019-06-30	—	32.71%	15.97%
2019-03-31	—	19.22%	8.82%
2018-12-31	—	0.26%	-8.21%
2018-09-30	—	17.85%	9.06%
2018-06-30	—	8.63%	4.03%
2018-03-31	—	-32.51%	-25.25%
2017-12-31	—	-48.78%	-61.40%
2017-09-30	—	24.66%	14.89%
2017-06-30	—	4.09%	-2.01%
2017-03-31	—	11.42%	5.75%

Date	Gross margin	Operating margin	Net margin
2025-12-31	—	10.84%	5.37%
2024-12-31	—	27.65%	18.01%
2023-12-31	—	19.28%	10.82%
2022-12-31	—	-7.53%	-7.85%
2021-12-31	—	-8.56%	-7.20%
2020-12-31	—	14.00%	5.86%
2019-12-31	—	17.26%	8.04%
2018-12-31	—	5.01%	-0.55%
2017-12-31	—	3.65%	-4.68%