What is the 13F Pro Quality Score for VST?

13F Pro ranks Vistra Corp. (VST) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View VST's current score at https://13fpro.ai/company/VST (free sign-up required for the full ranking).

Where does 13F Pro source VST data?

All Vistra Corp. fundamentals and ownership data come directly from SEC EDGAR. Vistra Corp. files with the SEC under CIK 1692819. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is VST in?

Vistra Corp. (VST) is classified in the Utilities sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/utilities.

What drives VST's revenue?

Per Vistra Corp.'s latest 10-Q filed with the SEC on 2026-08-10, the biggest revenue drivers are: Retail energy charge in ERCOT ($2,253M, +2% YoY); Retail energy charge in Northeast/Midwest ($1,091M, +38% YoY); Wholesale generation revenue from ISO/RTO ($620M, +31% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/VST.

What are VST's largest expenses?

Vistra Corp.'s latest 10-Q reports these as the largest expense items: Fuel, purchased power costs, and delivery fees ($1,774M, -10% YoY); Operating costs ($853M, +16% YoY); Depreciation and amortization ($445M, -18% YoY). Sourced directly from SEC EDGAR filing text for Q2 FY2026 (quarter ended June 30, 2026).

How often is VST research updated on 13F Pro?

VST's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Vistra Corp.(VST)Stock Analysis

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Utilities →NYSElarge

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SEC EDGAR: CIK 1692819 VST stock profile & AI dashboard →

13F Pro Quality Score

71.9/100

Rank #166 of 2,961 stocksTOP 10%

View Utilities peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

74.3/100

Profitability

63.8/100

Balance Sheet

71.8/100

Earnings Quality

58.1/100

Free Cash Flow

59.4/100

Institutional Flow

86.2/100

Revenue Scale

92.1/100

Dilution Risk

69.3/100

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Why VST Scores 72/100

exact factor attribution · 2026-09-11

VST's composite is driven by scale and revenue growth. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Scale

+6.3 pts

92th pct

Revenue growth

+4.9 pts

74th pct

Capital efficiency

+2.2 pts

72th pct

Profitability

+2.1 pts

64th pct

Institutional flow

+1.8 pts

86th pct

Earnings growth

+1.5 pts

80th pct

Free cash flow

+1.4 pts

59th pct

Shareholder dilution

+1.0 pts

69th pct

Earnings quality

+0.8 pts

58th pct

Latest change (2026-08-13): 63 → 69 · ↑ Profit margin 54→73; ↑ Earnings growth 43→89; despite ↓ Revenue growth 70→58

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

VST Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for Vistra Corp. (VST), a Utilities sector company. 13F Pro's AI-powered ranking engine scores VST at 71.9/100 on a 32-signal composite quality model, placing it at rank #166 of 2,961 stocks — the top 10% of the AI-ranked universe. VST scores in the top quartile across revenue scale (92.1), institutional flow (86.2). Based on the latest XBRL financial filings (Q2 2026), Vistra Corp. reports quarterly revenue of $4.0B, net income of $305.0M, an operating margin of 13.8%. Top institutional holders of VST by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. VST trades on the NYSE exchange and files with the SEC under CIK 1692819. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate VST daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Vistra Corp. directly from SEC EDGAR. Vistra Corp.'s 13F Pro composite quality score has ranged between 40 and 74 since 2021, currently 71.9 — a stable long-term trajectory across 68 quarterly and live scoring snapshots.

✦

Fun facts about Vistra Corp.

Quirks, history, and lore behind VST — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. utilities company · large-cap · listed on the NYSE · headquartered in Texas.
2
The Numbers
One of the largest competitive power generators in the country, with roughly 40+ gigawatts of generation capacity — enough to light up a small nation.
3
The History
Born out of the bankruptcy and restructuring of a major Texas energy holding company in the early 2010s, it emerged leaner, meaner, and ready to trade electrons competitively.
4
The Secret
Unlike regulated utilities that earn a tidy guaranteed return, this company plays the merchant power market — its fortunes rise and fall with wholesale electricity prices.
5
The Lore
The Texas freeze of 2021 was a wild ride for competitive power generators, and this company's stock became a darling of investors betting on the AI data center electricity boom — nuclear included.
6
The Giveaway
It owns the massive Comanche Peak nuclear plant in Texas and rebranded from Dynegy's successor into a name that sounds like it should be on a superhero's utility belt — VST on the NYSE.

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What's Driving VST's Business? Latest 10-Q Breakdown

✓ 36/36 datapoints verified

AI-extracted from Vistra Corp.'s 10-Q filed 2026-08-10 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Vistra's Q2 FY2026 revenue fell 5% YoY to $4.0B on a swing to unrealized hedging losses, while net income held roughly flat at $305M as realized wholesale and retail margins improved and the company advanced AI-driven growth (Cogentrix acquisition, Meta/AWS nuclear PPAs, $1B KKR Helix Fund commitment).

Biggest Revenue Drivers

Retail energy charge in ERCOT$2,253M+2% YoY

Higher retail contractual rates, partially offset by lower ERCOT sales volumes (18,326 GWh vs. 19,885 GWh).

Retail energy charge in Northeast/Midwest$1,091M+38% YoY

Growth driven by higher contractual rates with roughly flat sales volumes.

Biggest Revenue Drivers

Total revenue: $4.0B-5% YoY

Retail energy charge in ERCOT$2,253M+2% YoY

Higher retail contractual rates, partially offset by lower ERCOT sales volumes (18,326 GWh vs. 19,885 GWh).

Retail energy charge in Northeast/Midwest$1,091M+38% YoY

Growth driven by higher contractual rates with roughly flat sales volumes.

Wholesale generation revenue from ISO/RTO$620M+31% YoY

Higher energy margins from optimizing dispatch of select gas units, plus the Lotus Acquisition additions and Martin Lake Unit 1's return to service.

Largest Expense Items

Fuel, purchased power costs, and delivery fees$1,774M-10% YoY

Decreased on a $123M increase in unrealized mark-to-market gains on commodity derivatives and lower realized fuel costs from dispatch optimization, partly offset by Lotus Acquisition additions.

Operating costs$853M+16% YoY

Higher maintenance and outage costs, Lotus Acquisition additions, and incremental Moss Landing Incident costs net of insurance recoveries.

Depreciation and amortization$445M-18% YoY

Absence of prior-year Moss Landing battery and retail customer-relationship intangible write-offs, partly offset by Lotus Acquisition additions.

Selling, general, and administrative expenses$392M-6% YoY

Lower transition/merger costs and legal settlements, partly offset by higher technology, stock-based compensation, and retail selling costs.

Margins: Operating income rose to $553M from $515M YoY as realized wholesale and retail margins improved and expenses declined, even as revenue fell on a large unrealized hedging swing. Adjusted EBITDA increased $412M YoY to $1,744M, driven by higher realized energy/capacity margins, partly offset by higher plant operating costs.

Watch Items from the Filing

Unrealized mark-to-market commodity hedging swung to a $530M loss in Q2 2026 from a $50M gain in Q2 2025, driving Texas segment net income down from $863M to $592M YoY.
Moss Landing battery fire remediation cost estimate rose $65M to ~$175M in Q2 2026, with $85M still unpaid as of June 30, 2026, and the 350MW facility's restart timing remains uncertain.
Pending $2.3B cash-plus-stock Cogentrix acquisition (~5,500 MW) received FERC approval in August 2026 and is expected to close in late 2026.
New 20-year PPAs with Meta (2,609 MW from PJM nuclear plants) and prior AWS deal (1,200 MW from Comanche Peak) lock in long-term data-center demand, backed by a $1B commitment to the KKR Helix Fund for AI infrastructure.
One counterparty represents 36% ($236M) of the company's $653M net wholesale-segment credit exposure as of June 30, 2026.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$4.0B

Net Income

Q2 2026

$305.0M

Free Cash Flow

Q2 2026

$334.0M

Operating Margin

Q2 2026

13.8%

ROIC

Q2 2026

8.2%

D/E Ratio

Q2 2026

3.92

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+3.0% YoY

$17.74BFY 2025

FY22 $13.73BFY23 $14.78BFY24 $17.22BFY25 $17.74B

Net Income

-64.5% YoY

$944.0MFY 2025

FY22 $-1.23BFY23 $1.49BFY24 $2.66BFY25 $944.0M

Operating Income

-53.3% YoY

$1.91BFY 2025

FY22 $-1.18BFY23 $2.66BFY24 $4.08BFY25 $1.91B

EPS (Diluted)

-68.9% YoY

$2.18FY 2025

FY22 $-3.26FY23 $3.58FY24 $7.00FY25 $2.18

Total Assets

+10.0% YoY

$41.55BFY 2025

FY22 $32.79BFY23 $32.97BFY24 $37.77BFY25 $41.55B

Total Debt

+16.7% YoY

$20.04BFY 2025

FY22 $12.62BFY23 $16.69BFY24 $17.18BFY25 $20.04B

Op. Cash Flow

-10.8% YoY

$4.07BFY 2025

FY22 $485.0MFY23 $5.45BFY24 $4.56BFY25 $4.07B

Free Cash Flow

-47.0% YoY

$1.32BFY 2025

FY22 $-816.0MFY23 $3.78BFY24 $2.48BFY25 $1.32B

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$17.74B +3.0%	$17.22B +16.5%	$14.78B +7.7%	$13.73B +13.7%	$12.08B +5.5%	$11.44B
Net Income	$944.0M -64.5%	$2.66B +78.1%	$1.49B +221.7%	$-1.23B +3.7%	$-1.27B -300.3%	$636.0M
Operating Income	$1.91B -53.3%	$4.08B +53.4%	$2.66B +326.1%	$-1.18B +22.3%	$-1.51B -199.7%	$1.52B
EPS (Diluted)	$2.18 -68.9%	$7.00 +95.5%	$3.58 +209.8%	$-3.26 -21.2%	$-2.69 -306.9%	$1.30
Total Assets	$41.55B +10.0%	$37.77B +14.6%	$32.97B +0.5%	$32.79B +10.5%	$29.68B +17.8%	$25.21B
Total Debt	$20.04B +16.7%	$17.18B +2.9%	$16.69B +32.2%	$12.62B +17.6%	$10.73B +15.0%	$9.33B
Operating Cash Flow	$4.07B -10.8%	$4.56B -16.3%	$5.45B +1024.3%	$485.0M +335.4%	$-206.0M -106.2%	$3.34B
Free Cash Flow	$1.32B -47.0%	$2.48B -34.2%	$3.78B +562.9%	$-816.0M +34.1%	$-1.24B -159.6%	$2.08B

AI Insight: VST Financial Trends

Vistra swung to profitability in Q1 2026 but debt surged 28% year-over-year, offsetting operational gains.

• Net income recovered to $1,029M in Q1 2026 after $268M loss in Q1 2025; operating income reached $1,499M.

• Operating cash flow averaged $1,180M over trailing four quarters, relatively stable despite revenue volatility.

• Total debt climbed to $21,471M in Q2 2026 from $15,515M in Q3 2024—37% increase over 21 months.

⚠ Debt-to-equity ratio deteriorated to 3.91x in Q2 2026 from 2.85x in Q3 2024; equity contracted 1%.

⚠ Q2 2026 revenue declined to $4,017M, lowest since Q1 2025, despite strong Q1 2026 rebound.

AI Insight: VST Ratio Trends

Vistra shows extreme quarterly volatility with no consistent profitability trend; TTM metrics mask underlying operating instability.

• Operating margin swung from -3.0% (Q1 2025) to +26.6% (Q1 2026), then fell to 13.8% (Q2 2026)—persistent quarter-to-quarter swings.

• ROIC collapsed from 49.4% (Q3 2024) to -2.1% (Q1 2025), recovered to 22.5% (Q1 2026), then fell to 8.2% (Q2 2026).

• Leverage edged higher: D/E rose from 2.85 (Q3 2024) to 3.92 (Q2 2026), offsetting occasional margin spikes.

⚠ Q1 2026 showed exceptional 73.5% ROE; Q2 2026 collapsed to 22.2%—pattern suggests one-time events or accounting swings, not operational strength.

⚠ NPM deteriorated from 18.2% (Q1 2026) to 7.6% (Q2 2026); if Q2 represents run-rate, earnings power is materially lower.

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Available Research

13F Pro tracks comprehensive data for Vistra Corp. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of VST

BlackRock, Inc.
$4.6B29,064,465 sh
VANGUARD CAPITAL MANAGEMENT LLC
$3.4B21,393,858 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$2.7B16,939,291 sh
STATE STREET CORP
$2.7B16,850,452 sh
FMR LLC
$2.2B14,160,202 sh
GEODE CAPITAL MANAGEMENT, LLC
$1.4B9,037,395 sh
MORGAN STANLEY
$1.4B8,880,730 sh
JANE STREET GROUP, LLC
$1.3B8,065,900 sh
NORGES BANK
$921.8M5,811,201 sh
UBS Group AG
$856.4M5,398,501 sh

Fund	Value	Shares
BlackRock, Inc.	$4.6B	29,064,465
VANGUARD CAPITAL MANAGEMENT LLC	$3.4B	21,393,858
VANGUARD PORTFOLIO MANAGEMENT LLC	$2.7B	16,939,291
STATE STREET CORP	$2.7B	16,850,452
FMR LLC	$2.2B	14,160,202
GEODE CAPITAL MANAGEMENT, LLC	$1.4B	9,037,395
MORGAN STANLEY	$1.4B	8,880,730
JANE STREET GROUP, LLC	$1.3B	8,065,900
NORGES BANK	$921.8M	5,811,201
UBS Group AG	$856.4M	5,398,501

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Is VST a good stock to buy?

13F Pro's AI-powered analysis of Vistra Corp. (VST) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Utilities sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for VST are available on the VST stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. VST is classified as a large company.

Which hedge funds own VST?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling VST. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Vistra Corp.'s investment landscape.