Vistra (VST) FY2024 results: revenue $17.2 billion, up 16.5% on the year
Vistra Corp. (VST) reported revenue of $17.2 billion for fiscal 2024, the year ended 31 December 2024, up 16.5% on the year before. Net income was $2.7 billion, up 78.1%, and diluted earnings per share $7.00. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2025.
Revenue
$17.2 billion
+16.5% on the year
FY2017FY2024
Operating margin
23.7%
18.0% a year earlier
FY2017FY2024
Net income
$2.7 billion
+78.1% on the year
FY2017FY2024
Diluted EPS
$7.00
+95.5% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
4,563
5,453
485
-16.3%
Capital expenditure
2,078
1,676
1,301
+24.0%
Free cash flow
2,485
3,777
-816
-34.2%
Free cash flow margin
14.4%
25.6%
-5.9%
Cash from investing
-5,276
-2,145
-1,239
Cash from financing
-1,604
-294
-80.0
Depreciation and amortisation
1,843
1,502
1,596
+22.7%
Share-based compensation
100
77.0
63.0
+29.9%
Buybacks
1,266
1,245
1,949
+1.7%
Dividends paid
305
313
302
-2.6%
Dividend per share
$0.87
$0.82
$0.72
+6.5%
Diluted shares, weighted
353m
375m
422m
-6.0%
Shares outstanding at period end
340m
351m
390m
-3.3%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
5,570
5,307
4,902
+5.0%
Non-controlling interest
13.0
15.0
16.0
-13.3%
Redeemable equity
n/a
0.0
n/a
Short-term borrowings
0.0
0.0
n/a
Debt
16,298
14,402
12,621
+13.2%
Operating lease liabilities
98.0
48.0
45.0
+104.2%
Finance lease liabilities
218
227
237
-4.0%
Other liabilities
15,573
12,967
14,966
+20.1%
Total liabilities and equity
37,770
32,966
32,787
+14.6%
Fixed assets
18,173
12,432
12,554
+46.2%
Goodwill
2,807
2,583
2,583
+8.7%
Intangible assets
2,213
1,864
1,958
+18.7%
Investments
4,512
2,035
1,729
+121.7%
Cash and equivalents
1,188
3,485
455
-65.9%
Receivables
1,982
1,674
2,059
+18.4%
Inventory
970
740
570
+31.1%
Other assets
5,925
8,153
10,879
-27.3%
Total assets
37,770
32,966
32,787
+14.6%
10-K for the year ended 31 December 2024, filed 28 February 2025: the filing.