Vistra Corp.

VSTNYSEUtilities● Active

$146.90

$-1.86(-1.25%)

Market Cap$49.5B

P/E Ratio—

52W High$219.82

52W Low$132.66

Avg Volume4.7M

Open$148.31

Beta1.41

Free Cash Flow Financials Revenue

Vistra Corp. (VST) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

VST · free cash flow · updated Jun 8, 2026

Core FCF metrics

VST · FCF · TTM · margin & CAGR

Free cash flow was $129.0M for FY2025 (fiscal year ending 2025-12-31), down 94.8% year-over-year The FCF margin was 0.8%. Five-year CAGR stands at -42.6%.

FY2025 Free Cash Flow$129.0M▼ -94.8% YoY

Trailing 12M (TTM)$965.0Mtrailing 4 quarters sum

FCF Margin0.8%$129.0M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGR-42.6%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

VST · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$4.07B(3.94B)$129.0M▼ 94.8%0.8%

FY2024$4.56B(2.08B)$2.48B▼ 34.2%12.8%

FY2023$5.45B(1.68B)$3.78B▲ +562.9%24.3%

FY2022$485.0M(1.30B)−$816.0M▲ +34.1%-4.6%

FY2021−$206.0M(1.03B)−$1.24B▼ 159.6%-9.3%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

VST · P/FCF · FCF yield · FCF per share

Vistra Corp. (VST) trades at a FCF yield of 1.95% and a price-to-free-cash-flow ratio of 51.7x. FCF per share stands at $2.84, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

1.95%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$2.84

TTM FCF ÷ Shares Outstanding

Price / FCF

x51.7

Share Price ÷ FCF per Share

EV / FCF (TTM)

x71.3

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

VST · cash flow statement · operating / investing / financing

For FY2025, Vistra Corp. generated $4.07B in operating cash flow and spent 3.94B in capital expenditures, yielding $129.0M in free cash flow.

Operating Activities

+$4.07B

Cash from core business operations

2025-12-31

Investing Activities

−$4.40B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$74.0M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($4.07B) − |CapEx| (3.94B) = FCF ($129.0M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Utilities)

VST vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Vistra Corp.YOU

VST

$129.0M-94.8%0.8%

Constellation Energy Corporation

CEG

$1.29B+125.6%5.0%

35%

Duke Energy Corporation

Utilities · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Vistra Corp. (VST) reported free cash flow of $129.0M for FY2025 (fiscal year ending 2025-12-31), down 94.8% year-over-year. The FCF margin was 0.8%.

Based on available data, Vistra Corp. has maintained positive free cash flow for at least 8 fiscal year(s). FCF peaked at $3.78B in FY2023. The 5-year CAGR stands at -42.6%.

Vistra Corp.'s FCF yield is 1.95% and price-to-FCF ratio is 51.7x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

VST free cash flow · 8 questions

Vistra Corp. free cash flow was $129.0M for FY2025, down 94.8% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $965.0M.

VST free cash flowVST FCFVST FCF 2025VST free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Vistra Corp. · Vistra Corp. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026