Capital Expenditures for Vistra (VST)
According to Vistra's latest reported financial statements, the company's current capital expenditures (TTM) is $3.43B USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .

VST
Currently viewingCapital ExpendituresSwitch metric
Latest period
$3.43B
YoY change
+89.7%
5Y CAGR
+25.6%
Peak year (2025)
$3.94B
Cumulative capital expenditures
$15.58B
CapEx history chart for Vistra (VST) from 2012 to 2025
CapEx history table for Vistra (VST) from 2012 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $3.94B | +89.7% | ||
| 2024 | $2.08B | +24.0% | ||
| 2023 | $1.68B | +28.8% | ||
| 2022 | $1.30B | +25.9% | ||
| 2021 | $1.03B | -18.0% | ||
| 2020 | $1.26B | +106.7% | ||
| 2019 | $609.00M | +22.8% | ||
| 2018 | $496.00M | -6.6% | ||
| 2017 | $531.00M | +50.9% | ||
| 2016 | $352.00M | -23.5% | ||
| 2015 | $460.00M | +11.4% | ||
| 2014 | $413.00M | -29.8% | ||
| 2013 | $588.00M | -30.3% | ||
| 2012 | $844.00M | — |
CapEx values are taken from Vistra's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of Vistra (VST) capital expenditures is $3.94B – surged 89.7% year-over-year.
Over 2020–2025 (5 years), Vistra capital expenditures expanded at a +25.6% compound annual rate, sustaining 4 straight years of year-over-year growth.
The highest annual capital expenditures of $3.94B was reported in 2025. The lowest in the available history was $352.00M in 2016.
Within Utilities, Vistra (VST) ranks 6th among 8 peers we track. The peer median for capital expenditures is $9.94B.
Vistra Capital Expenditures by Year
Vistra Capital Expenditures 2025: $3.94B
Vistra capital expenditures in 2025 was $3.94B, surged 89.7% from 2024. This figure represents the highest annual value in the available history.
Vistra Capital Expenditures 2024: $2.08B
Vistra capital expenditures in 2024 was $2.08B, grew 24.0% from 2023.
Vistra Capital Expenditures 2023: $1.68B
Vistra capital expenditures in 2023 was $1.68B, grew 28.8% from 2022.
Vistra Capital Expenditures 2022: $1.30B
Vistra capital expenditures in 2022 was $1.30B, grew 25.9% from 2021.
Vistra Capital Expenditures 2021: $1.03B
Vistra capital expenditures in 2021 was $1.03B.
See more financial history for Vistra (VST).
Sector peers — CapEx
Companies in the same sector as Vistra, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Duke Energy Corporation (DUK) | $14.02B | Utilities |
| The Southern Company (SO) | $13.39B | Utilities |
| Dominion Energy, Inc. (D) | $12.64B | Utilities |
| Sempra (SRE) | $10.61B | Utilities |
| NextEra Energy, Inc. (NEE) | $9.27B | Utilities |
| Constellation Energy Corporation (CEG) | $2.95B | Utilities |
| GE Vernova Inc. (GEV) | $1.28B | Utilities |
| American Electric Power Company, Inc. (AEP) | $130.00M | Utilities |
Frequently asked questions
What is Vistra's capital expenditures?
- Latest reported capital expenditures for Vistra (VST) is $3.43B (period ending December 31, 2025).
How has Vistra capital expenditures changed year-over-year?
- Vistra (VST) capital expenditures changed +89.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Vistra capital expenditures?
- Vistra (VST) capital expenditures compound annual growth rate is +25.6% over the most recent 5 years available.
When did Vistra capital expenditures hit its highest annual value?
- Vistra capital expenditures reached its highest annual value of $3.94B in 2025.
What was Vistra capital expenditures in 2024?
- Vistra (VST) capital expenditures in 2024 was $2.08B.
What was Vistra capital expenditures in 2025?
- Vistra (VST) capital expenditures in 2025 was $3.94B.
Metrics overview
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