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Vistra Valuation Multiples
Discover revenue and EBITDA valuation multiples for Vistra and similar public comparables like Occidental Petroleum, Cheniere Energy, Dominion Energy, Entergy and more.
Vistra Overview
About Vistra
Vistra Corp. is one of the largest power producers and retail energy providers in the USA. It owns 44 gigawatts of generation capacity, including natural gas (27 GW), nuclear (6.5 GW), coal (8.7 GW), and solar and battery storage (1.4 GW). The Cogentrix acquisition will add 5.5 GW of gas generation. Vistra's retail electricity business serves 5 million customers in 20 states, including almost a third of all Texas electricity consumers. Vistra emerged from the Energy Future Holdings bankruptcy as a stand-alone entity in 2016.
Founded
2016
HQ

Employees
6.8K
Website
Sectors
Financials (LTM)
EV
$78B
Vistra Financials
Vistra reported last 12-month revenue of $19B and EBITDA of $6B.
In the same LTM period, Vistra generated $9B in gross profit, $6B in EBITDA, and $1B in net income.
Revenue (LTM)
Vistra P&L
In the most recent fiscal year, Vistra reported revenue of $18B and EBITDA of $6B.
Vistra expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $19B | XXX | $18B | XXX | XXX | XXX |
| Gross Profit | $9B | XXX | $6B | XXX | XXX | XXX |
| Gross Margin | 44% | XXX | 33% | XXX | XXX | XXX |
| EBITDA | $6B | XXX | $6B | XXX | XXX | XXX |
| EBITDA Margin | 32% | XXX | 33% | XXX | XXX | XXX |
| EBIT Margin | 15% | XXX | 12% | XXX | XXX | XXX |
| Net Profit | $1B | XXX | $944M | XXX | XXX | XXX |
| Net Margin | 7% | XXX | 5% | XXX | XXX | XXX |
| Net Debt | — | — | $19B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Vistra Stock Performance
Vistra has current market cap of $56B, and enterprise value of $78B.
Market Cap Evolution
Vistra's stock price is $165.53.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $78B | $56B | 1.6% | XXX | XXX | XXX | $2.79 |
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Start Free TrialVistra Valuation Multiples
Vistra trades at 4.0x EV/Revenue multiple, and 12.4x EV/EBITDA.
EV / Revenue (LTM)
Vistra Financial Valuation Multiples
As of April 17, 2026, Vistra has market cap of $56B and EV of $78B.
Equity research analysts estimate Vistra's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Vistra has a P/E ratio of 40.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $56B | XXX | $56B | XXX | XXX | XXX |
| EV (current) | $78B | XXX | $78B | XXX | XXX | XXX |
| EV/Revenue | 4.0x | XXX | 4.4x | XXX | XXX | XXX |
| EV/EBITDA | 12.4x | XXX | 13.3x | XXX | XXX | XXX |
| EV/EBIT | 27.1x | XXX | 36.5x | XXX | XXX | XXX |
| EV/Gross Profit | 9.1x | XXX | 13.3x | XXX | XXX | XXX |
| P/E | 40.1x | XXX | 59.4x | XXX | XXX | XXX |
| EV/FCF | 21.5x | XXX | 22.2x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Vistra Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Vistra Margins & Growth Rates
Vistra's revenue in the last 12 month grew by 24%.
Vistra's revenue per employee in the last FY averaged $2.6M, while opex per employee averaged $0.5M for the same period.
Vistra's rule of 40 is 63% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Vistra's rule of X is 111% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Vistra Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 24% | XXX | 32% | XXX | XXX | XXX |
| EBITDA Margin | 32% | XXX | 33% | XXX | XXX | XXX |
| EBITDA Growth | 22% | XXX | 26% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 63% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 111% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $2.6M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 21% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Vistra Public Comps
See public comps and valuation multiples for other Energy Production and Nuclear comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Vistra | XXX | XXX | XXX | XXX | XXX | XXX |
| Occidental Petroleum | XXX | XXX | XXX | XXX | XXX | XXX |
| Cheniere Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Dominion Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Entergy | XXX | XXX | XXX | XXX | XXX | XXX |
| Diamondback Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Vistra M&A Activity
Vistra acquired XXX companies to date.
Last acquisition by Vistra was on XXXXXXXX, XXXXX. Vistra acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Vistra
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialVistra Investment Activity
Vistra invested in XXX companies to date.
Vistra made its latest investment on XXXXXXXX, XXXXX. Vistra invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Vistra
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Vistra
| When was Vistra founded? | Vistra was founded in 2016. |
| Where is Vistra headquartered? | Vistra is headquartered in United States. |
| How many employees does Vistra have? | As of today, Vistra has over 6K employees. |
| Who is the CEO of Vistra? | Vistra's CEO is James A. Burke. |
| Is Vistra publicly listed? | Yes, Vistra is a public company listed on NYSE. |
| What is the stock symbol of Vistra? | Vistra trades under VST ticker. |
| When did Vistra go public? | Vistra went public in 2016. |
| Who are competitors of Vistra? | Vistra main competitors are Occidental Petroleum, Cheniere Energy, Dominion Energy, Entergy. |
| What is the current market cap of Vistra? | Vistra's current market cap is $56B. |
| What is the current revenue of Vistra? | Vistra's last 12 months revenue is $19B. |
| What is the current revenue growth of Vistra? | Vistra revenue growth (NTM/LTM) is 24%. |
| What is the current EV/Revenue multiple of Vistra? | Current revenue multiple of Vistra is 4.0x. |
| Is Vistra profitable? | Yes, Vistra is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Vistra? | Vistra's last 12 months EBITDA is $6B. |
| What is Vistra's EBITDA margin? | Vistra's last 12 months EBITDA margin is 32%. |
| What is the current EV/EBITDA multiple of Vistra? | Current EBITDA multiple of Vistra is 12.4x. |
| What is the current FCF of Vistra? | Vistra's last 12 months FCF is $4B. |
| What is Vistra's FCF margin? | Vistra's last 12 months FCF margin is 19%. |
| What is the current EV/FCF multiple of Vistra? | Current FCF multiple of Vistra is 21.5x. |
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