Vistra Corp. (VST) intrinsic value & 10-year financials
Vistra Corp. (VST) has a Graham intrinsic value of $26.07 per share. At $152.02 on Oct 17, 2026, the stock trades 483% above that value. Over the last 10 fiscal years revenue grew 15.8% a year to $17.6B, with an average return on invested capital of 4.8%.
- Graham intrinsic value
- $26.07
- Share price (Oct 17, 2026)
- $152.02
- Price vs Graham value
- 483% above
- Market cap
- $52.5B
- Revenue (FY2025)
- $17.6B
- Revenue growth (10-yr CAGR)
- 15.8%
- ROIC (10-yr avg)
- 4.8%
- Free cash flow (FY2025)
- $1.3B
VST 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $17.6B | $944.0M | $2.18 | $1.3B | 10.8% | 7.6% |
| FY2024 | $14.8B | $2.7B | $7.00 | $2.5B | 27.6% | 17.7% |
| FY2023 | $13.8B | $1.5B | $3.58 | $3.8B | 19.3% | 12.2% |
| FY2022 | $15.6B | -$1.2B | -$3.26 | -$816.0M | -7.5% | -5.4% |
| FY2021 | $17.7B | -$1.3B | -$2.69 | -$1.2B | -8.6% | -6.4% |
| FY2020 | $10.8B | $636.0M | $1.30 | $2.1B | 14.0% | 6.1% |
| FY2019 | $11.5B | $928.0M | $1.86 | $2.2B | 17.3% | 8.4% |
| FY2018 | $9.8B | -$54.0M | -$0.11 | $1.2B | 5.0% | 1.9% |
| FY2017 | $5.4B | -$254.0M | -$0.59 | $1.3B | 3.6% | 1.0% |
| FY2016 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Vistra Corp. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Vistra Corp. has historically struggled to out-earn its cost of capital, averaging just 4.8% ROIC.
Over the decade, Vistra Corp. shows that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Vistra Corp. is modeled at 2.7% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $26.07 per share.