VST among the 31 companies we cover
Every dot is one of the 31 companies, the better end on the right. Hover a dot for the company.
VST and 9 peers, year by year
The 9 Utilities companies closest to VST in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.
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| Company | Year | Revenue | Sales growth | Operating margin | Net margin | FCF margin | Return on equity | Debt / equity |
|---|---|---|---|---|---|---|---|---|
| VST Vistra Corp. | FY2025 | $17.7B | +19.1% | 10.7% | 5.3% | 7.4% | 18.5% | 3.70 |
| AEP American Electric Power | FY2025 | $21.9B | +8.7% | 24.3% | 16.4% | 16.0% | 11.5% | 1.54 |
| EIX Edison International | FY2025 | $19.3B | +9.8% | 36.7% | 23.1% | −3.7% | 25.4% | 2.30 |
| ED Consolidated Edison | FY2025 | $17.0B | +10.2% | 17.2% | 11.9% | - | 8.4% | 1.07 |
| D Dominion Energy | FY2025 | $16.5B | +16.5% | 26.7% | 18.1% | - | 10.3% | 1.68 |
| DTE DTE Energy | FY2025 | $15.8B | +26.9% | 15.0% | 9.2% | - | 11.9% | 2.13 |
| EXC Exelon | FY2025 | $24.3B | +5.3% | 21.2% | 11.4% | −9.4% | 9.6% | 1.74 |
| FE FirstEnergy | FY2025 | $15.1B | +12.0% | 14.6% | 6.8% | −6.7% | 8.2% | 2.12 |
| PCG PG&E Corporation | FY2025 | $24.9B | +2.1% | 19.0% | 10.4% | −12.3% | 8.0% | 1.85 |
| XEL Xcel Energy | FY2025 | $14.7B | +9.1% | 17.6% | 13.8% | −46.5% | 8.5% | 1.44 |
Revenue, FY2021 to FY2025
Revenue as reported in the 10-K.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| VST Dec | $17.7B | $15.6B | $14.8B | $17.2B | $17.7B |
| AEP Dec | $16.8B | $19.6B | $19.5B | $20.0B | $21.9B |
| EIX Dec | $14.9B | $17.2B | $16.3B | $17.6B | $19.3B |
| ED Dec | $13.7B | $15.7B | $14.7B | $15.5B | $17.0B |
| D Dec | $11.7B | $14.6B | $14.4B | $14.5B | $16.5B |
| DTE Dec | $15.0B | $19.2B | $12.7B | $12.5B | $15.8B |
| EXC Dec | $17.9B | $19.1B | $21.7B | $23.0B | $24.3B |
| FE Dec | $11.1B | $12.5B | $12.9B | $13.5B | $15.1B |
| PCG Dec | $20.6B | $21.7B | $24.4B | $24.4B | $24.9B |
| XEL Dec | $13.4B | $15.3B | $14.2B | $13.4B | $14.7B |
| Peer median | $14.9B | $17.2B | $14.7B | $15.5B | $17.0B |
Sales growth, FY2021 to FY2025
Revenue against the fiscal year before.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| VST Dec | +63.1% | −11.7% | −11.7% | +6.9% | +19.1% |
| AEP Dec | +12.6% | +17.0% | +0.3% | +2.6% | +8.7% |
| EIX Dec | +9.8% | +15.5% | −5.1% | +7.7% | +9.8% |
| ED Dec | +11.9% | +14.9% | −6.3% | +6.9% | +10.2% |
| D Dec | +3.0% | +24.8% | −7.3% | +5.2% | +16.5% |
| DTE Dec | +31.0% | +28.5% | −33.7% | −2.3% | +26.9% |
| EXC Dec | +7.7% | +6.4% | +13.9% | +6.0% | +5.3% |
| FE Dec | +3.2% | +11.9% | +3.3% | +4.7% | +12.0% |
| PCG Dec | +11.8% | +5.0% | +12.7% | 0.0% | +2.1% |
| XEL Dec | +16.5% | +14.0% | −7.2% | −5.4% | +9.1% |
| Peer median | +11.8% | +14.9% | −5.1% | +4.7% | +9.8% |
Operating margin, FY2021 to FY2025
Operating income / revenue.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| VST Dec | −8.6% | −7.5% | 18.0% | 23.7% | 10.7% |
| AEP Dec | 20.3% | 17.7% | 18.3% | 21.6% | 24.3% |
| EIX Dec | 9.9% | 8.6% | 16.1% | 16.6% | 36.7% |
| ED Dec | 20.7% | 16.7% | 21.8% | 17.3% | 17.2% |
| D Dec | 17.1% | 9.9% | 23.7% | 22.5% | 26.7% |
| DTE Dec | 10.0% | 9.1% | 17.6% | 16.8% | 15.0% |
| EXC Dec | 15.0% | 17.4% | 18.5% | 18.8% | 21.2% |
| FE Dec | 15.5% | 15.3% | 17.6% | 17.6% | 14.6% |
| PCG Dec | 9.1% | 8.5% | 10.9% | 18.3% | 19.0% |
| XEL Dec | 16.4% | 15.9% | 17.5% | 17.8% | 17.6% |
| Peer median | 15.5% | 15.3% | 17.6% | 17.8% | 19.0% |
Net margin, FY2021 to FY2025
Net income / revenue.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| VST Dec | −7.2% | −7.8% | 10.1% | 15.4% | 5.3% |
| AEP Dec | 14.8% | 11.7% | 11.3% | 14.9% | 16.4% |
| EIX Dec | 5.1% | 3.6% | 7.3% | 7.3% | 23.1% |
| ED Dec | 9.8% | 10.6% | 17.2% | 11.8% | 11.9% |
| D Dec | 29.1% | 8.2% | 13.6% | 14.1% | 18.1% |
| DTE Dec | 6.1% | 5.6% | 11.0% | 11.3% | 9.2% |
| EXC Dec | 9.5% | 11.4% | 10.7% | 10.7% | 11.4% |
| FE Dec | 11.5% | 3.3% | 8.6% | 7.3% | 6.8% |
| PCG Dec | −0.5% | 8.3% | 9.2% | 10.1% | 10.4% |
| XEL Dec | 11.9% | 11.3% | 12.5% | 14.4% | 13.8% |
| Peer median | 9.8% | 8.3% | 11.0% | 11.3% | 11.9% |
Free cash flow, FY2021 to FY2025
Cash from operations minus capital spending.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| VST Dec | −$1.2B | −$816.0M | $3.8B | $2.5B | $1.3B |
| AEP Dec | - | - | $4.9B | $6.4B | $3.5B |
| EIX Dec | −$5.5B | −$2.6B | −$2.0B | −$693.0M | −$715.0M |
| ED Dec | −$1.2B | −$530.0M | - | - | - |
| D Dec | - | - | - | - | - |
| DTE Dec | - | - | - | - | - |
| EXC Dec | −$5.0B | −$2.3B | −$2.7B | −$1.5B | −$2.3B |
| FE Dec | $324.0M | −$165.0M | −$2.0B | −$1.1B | −$1.0B |
| PCG Dec | −$5.4B | −$5.9B | −$5.0B | −$2.3B | −$3.1B |
| XEL Dec | −$2.1B | −$706.0M | −$527.0M | −$2.7B | −$6.8B |
| Peer median | −$3.5B | −$1.5B | −$2.0B | −$1.3B | −$1.6B |
FCF margin, FY2021 to FY2025
Free cash flow / revenue.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| VST Dec | −7.0% | −5.2% | 25.6% | 14.4% | 7.4% |
| AEP Dec | - | - | 25.0% | 32.1% | 16.0% |
| EIX Dec | −36.9% | −14.9% | −12.5% | −3.9% | −3.7% |
| ED Dec | −9.0% | −3.4% | - | - | - |
| D Dec | - | - | - | - | - |
| DTE Dec | - | - | - | - | - |
| EXC Dec | −27.7% | −11.9% | −12.4% | −6.6% | −9.4% |
| FE Dec | 2.9% | −1.3% | −15.3% | −8.5% | −6.7% |
| PCG Dec | −26.3% | −27.0% | −20.3% | −9.6% | −12.3% |
| XEL Dec | −15.3% | −4.6% | −3.7% | −20.3% | −46.5% |
| Peer median | −20.8% | −8.3% | −12.5% | −7.5% | −8.0% |
Return on equity, FY2021 to FY2025
Net income / shareholders' equity at the year end.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| VST Dec | −15.4% | −25.0% | 28.1% | 47.7% | 18.5% |
| AEP Dec | 11.1% | 9.7% | 8.7% | 11.0% | 11.5% |
| EIX Dec | 4.8% | 3.9% | 7.7% | 8.2% | 25.4% |
| ED Dec | 6.7% | 8.0% | 11.9% | 8.3% | 8.4% |
| D Dec | 12.4% | 4.3% | 7.1% | 7.6% | 10.3% |
| DTE Dec | 10.4% | 10.4% | 12.6% | 12.0% | 11.9% |
| EXC Dec | 5.0% | 8.8% | 9.0% | 9.1% | 9.6% |
| FE Dec | 14.8% | 4.0% | 10.6% | 7.9% | 8.2% |
| PCG Dec | −0.5% | 7.9% | 9.0% | 8.2% | 8.0% |
| XEL Dec | 10.2% | 10.4% | 10.1% | 9.9% | 8.5% |
| Peer median | 10.2% | 8.0% | 9.0% | 8.3% | 9.6% |
Debt / equity, FY2021 to FY2025
Total debt / shareholders' equity at the year end.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| VST Dec | 1.29 | 2.57 | 2.71 | 2.93 | 3.70 |
| AEP Dec | 1.60 | 1.66 | 1.67 | 1.64 | 1.54 |
| EIX Dec | 1.74 | 2.03 | 2.20 | 2.35 | 2.30 |
| ED Dec | 1.22 | 1.26 | 1.16 | 1.22 | 1.07 |
| D Dec | 1.35 | 1.48 | 1.60 | 1.56 | 1.68 |
| DTE Dec | 2.10 | 1.86 | 1.90 | 1.98 | 2.13 |
| EXC Dec | 0.99 | 1.61 | 1.70 | 1.73 | 1.74 |
| FE Dec | 2.75 | 2.13 | 2.39 | 1.93 | 2.12 |
| PCG Dec | 2.14 | 2.18 | 2.19 | 1.83 | 1.85 |
| XEL Dec | 1.50 | 1.49 | 1.49 | 1.43 | 1.44 |
| Peer median | 1.60 | 1.66 | 1.70 | 1.73 | 1.74 |
EPS (diluted), FY2021 to FY2025
Diluted earnings per share, on today's share count after splits.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| VST Dec | −$2.69 | −$3.26 | $3.58 | $7.00 | $2.18 |
| AEP Dec | $4.96 | $4.49 | $4.24 | $5.58 | $6.66 |
| EIX Dec | $2.00 | $1.60 | $3.11 | $3.31 | $11.55 |
| ED Dec | $3.85 | $4.66 | $7.21 | $5.24 | $5.64 |
| D Dec | $4.12 | $1.33 | $2.25 | $2.33 | $3.45 |
| DTE Dec | $4.67 | $5.52 | $6.76 | $6.77 | $7.03 |
| EXC Dec | $1.74 | - | - | - | - |
| FE Dec | $2.35 | $0.71 | $1.92 | $1.70 | $1.76 |
| PCG Dec | −$0.05 | $0.84 | $1.05 | $1.15 | $1.18 |
| XEL Dec | $2.96 | $3.17 | $3.21 | $3.44 | $3.42 |
| Peer median | $2.96 | $2.38 | $3.16 | $3.38 | $4.54 |
Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out VST and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →
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