Operating Income for Vistra (VST)
According to Vistra's latest reported financial statements, the company's current operating income (TTM) is $976.00M USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .

VST
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$976.00M
YoY change
-78.6%
5Y CAGR
-2.1%
Peak year (2024)
$6.23B
Cumulative operating income
$18.54B
Operating Income history chart for Vistra (VST) from 2012 to 2025
Operating Income history table for Vistra (VST) from 2012 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $1.33B | -78.6% | ||
| 2024 | $6.23B | +59.2% | ||
| 2023 | $3.91B | +48.3% | ||
| 2022 | $2.64B | -367.0% | ||
| 2021 | -$988.00M | -166.7% | ||
| 2020 | $1.48B | -10.7% | ||
| 2019 | $1.66B | +22.6% | ||
| 2018 | $1.35B | +740.4% | ||
| 2017 | $161.00M | -40.6% | ||
| 2016 | $271.00M | -14.2% | ||
| 2015 | $316.00M | +29.5% | ||
| 2014 | $244.00M | +201.2% | ||
| 2013 | $81.00M | -154.0% | ||
| 2012 | -$150.00M | — |
Operating Income values are taken from Vistra's reported income 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
As of the 2025 fiscal year, Vistra (VST) reported operating income of $1.33B – plunged 78.6% year-over-year.
Over 2020–2025 (5 years), Vistra operating income expanded at a -2.1% compound annual rate, with a net decline across the window.
Between 2024 and 2025, Vistra operating income plunged 78.6%, falling from $6.23B to $1.33B.
$6.23B stands as the all-time-high annual operating income, posted in 2024, against a low of -$988.00M during 2021.
Among 8 Utilities peers, Vistra (VST) ranks 9th; the peer median for operating income is $4.86B.
Vistra Operating Income by Year
Vistra Operating Income 2025: $1.33B
Vistra operating income in 2025 was $1.33B, plunged 78.6% below 2024.
Vistra Operating Income 2024: $6.23B
Vistra operating income in 2024 was $6.23B, surged 59.2% from 2023. This figure represents the highest annual value in the available history.
Vistra Operating Income 2023: $3.91B
Vistra operating income in 2023 was $3.91B, surged 48.3% from 2022.
Vistra Operating Income 2022: $2.64B
Vistra operating income in 2022 was $2.64B, plunged 367.0% below 2021.
Vistra Operating Income 2021: -$988.00M
Vistra operating income in 2021 was -$988.00M.
See more financial history for Vistra (VST).
Sector peers — Operating Income
Companies in the same sector as Vistra, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Duke Energy Corporation (DUK) | $8.58B | Utilities |
| NextEra Energy, Inc. (NEE) | $8.28B | Utilities |
| The Southern Company (SO) | $7.27B | Utilities |
| American Electric Power Company, Inc. (AEP) | $5.30B | Utilities |
| Dominion Energy, Inc. (D) | $4.41B | Utilities |
| Sempra (SRE) | $3.25B | Utilities |
| Constellation Energy Corporation (CEG) | $3.09B | Utilities |
| GE Vernova Inc. (GEV) | $1.39B | Utilities |
Frequently asked questions
What is Vistra's operating income?
- Latest reported operating income for Vistra (VST) is $976.00M (period ending December 31, 2025).
How has Vistra operating income changed year-over-year?
- Vistra (VST) operating income changed -78.6% year-over-year on the latest annual filing.
What is the long-term growth rate of Vistra operating income?
- Vistra (VST) operating income compound annual growth rate is -2.1% over the most recent 5 years available.
When did Vistra operating income hit its highest annual value?
- Vistra operating income reached its highest annual value of $6.23B in 2024.
What was Vistra operating income in 2024?
- Vistra (VST) operating income in 2024 was $6.23B.
What was Vistra operating income in 2025?
- Vistra (VST) operating income in 2025 was $1.33B.
Metrics overview
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