Vistra Corp.

VST

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

19,377

Cost of Revenue

11,684

Gross Profit

7,693

Gross Margin

39.7%

Operating Income

6,228

Operating Margin

32.1%

Net Income

2,659

Net Margin

13.7%

EPS (Basic)

$7.16

EPS (Diluted)

$7.00

EBITDA

7,192

EBITDA Margin

37.1%

2023

12/31/2023

Revenue

15,543

Cost of Revenue

10,372

Gross Profit

5,171

Gross Margin

33.3%

Operating Income

3,913

Operating Margin

25.2%

Net Income

1,493

Net Margin

9.6%

EPS (Basic)

$3.63

EPS (Diluted)

$3.58

EBITDA

4,616

EBITDA Margin

29.7%

2022

12/31/2022

Revenue

17,837

Cost of Revenue

14,023

Gross Profit

3,814

Gross Margin

21.4%

Operating Income

2,638

Operating Margin

14.8%

Net Income

-1,227

Net Margin

-6.9%

EPS (Basic)

$-2.86

EPS (Diluted)

$-2.86

EBITDA

1,287

EBITDA Margin

7.2%

2021

12/31/2021

Revenue

13,333

Cost of Revenue

13,273

Gross Profit

Gross Margin

0.5%

Operating Income

-988

Operating Margin

-7.4%

Net Income

-1,274

Net Margin

-9.6%

EPS (Basic)

$-2.62

EPS (Diluted)

$-2.62

EBITDA

852

EBITDA Margin

6.4%

2020

12/31/2020

Revenue

11,062

Cost of Revenue

8,561

Gross Profit

2,501

Gross Margin

22.6%

Operating Income

1,482

Operating Margin

13.4%

Net Income

636

Net Margin

5.7%

EPS (Basic)

$1.30

EPS (Diluted)

$1.30

EBITDA

3,163

EBITDA Margin

28.6%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	19,377	15,543	17,837	13,333	11,062
Cost of Revenue	11,684	10,372	14,023	13,273	8,561
Gross Profit	7,693	5,171	3,814	60	2,501
Gross Margin	39.7%	33.3%	21.4%	0.5%	22.6%
Operating Income	6,228	3,913	2,638	-988	1,482
Operating Margin	32.1%	25.2%	14.8%	-7.4%	13.4%
Net Income	2,659	1,493	-1,227	-1,274	636
Net Margin	13.7%	9.6%	-6.9%	-9.6%	5.7%
EPS (Basic)	$7.16	$3.63	$-2.86	$-2.62	$1.30
EPS (Diluted)	$7.00	$3.58	$-2.86	$-2.62	$1.30
EBITDA	7,192	4,616	1,287	852	3,163
EBITDA Margin	37.1%	29.7%	7.2%	6.4%	28.6%