Company / Operating Margin
Vistra Corp. Operating Margin History
FY2017-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
10.8%
FY2025
5-year range
-12.5% / 23.7%
FY2021-FY2025
Trend
-54.6%
vs FY2024
Sector context
#54 of 61
Utilities
What the data says
Vistra Corp.'s operating margin of 10.8% is lower than 89% of companies in the Utilities sector (FY2025). Operating Margin has fluctuated over the past 9 years, ranging from -12.5% in FY2023 to 23.7% in FY2024.
Based on SEC 10-K filings.
10.8% in FY2025 with a 5-year CAGR of +5.4%.
Improved from -12.5% to 10.8% over the past 2 years.
Utilities sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- -2.5pp
- 5-Year Change
- +5.4pp
- 10-Year Change
- -
Sector benchmark
Bottom 11% in UtilitiesTop 89% of 61This company 10.8% Sector average 21.7%
▼
-50.4% below sector average
Key checks
Key Insights
- In FY2025, operating margin decreased 54.6% year-over-year.
- Currently 10.9pp below the Utilities sector average.
- Peak operating margin was recorded in FY2024.
- Lowest operating margin in the period was in FY2023.
Company context
Key Data Points
- Altman Z-Score 0.58 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 10.8% | -54.6% |
| FY2024 | 23.7% | +288.9% |
| FY2023 | -12.5% | -194.5% |
| FY2022 | 13.3% | -21.4% |
| FY2021 | 16.9% | +214.3% |
| FY2020 | 5.4% | +47.1% |
| FY2019 | 3.6% | -32.0% |
| FY2018 | 5.4% | +47.3% |
| FY2017 | 3.6% | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026