Vistra Corp.
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Vistra Corp. (VST). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Retail Segment [Member] | $8.22B 75.8% | $7.99B 45.1% · -2.8% | $9.11B 58.3% · +14.0% | $9.32B 67.5% · +2.3% | $11.66B 79.0% · +25.2% | $13.03B 74.1% · +11.7% |
| East Segment [Member] | $926.0M 8.5% | $1.37B 7.7% · +47.5% | $3.32B 21.2% · +143.0% | $2.19B 15.9% · -33.9% | $1.82B 12.4% · -16.9% | $3.31B 18.8% · +81.6% |
| Texas Segment [Member] | $701.0M 6.5% | $6.11B 34.5% · +771.6% | $1.97B 12.6% · -67.7% | $1.70B 12.3% · -14.1% | $821.0M 5.6% · -51.6% | $918.0M 5.2% · +11.8% |
| West Segment [Member] | $178.0M 1.6% | $334.0M 1.9% · +87.6% | $618.0M 4.0% · +85.0% | $555.0M 4.0% · -10.2% | $420.0M 2.8% · -24.3% | $328.0M 1.9% · -21.9% |
| Asset Closure Segment [Member] | $250.0M 2.3% | $538.0M 3.0% · +115.2% | $611.0M 3.9% · +13.6% | $45.0M 0.3% · -92.6% | $38.0M 0.3% · -15.6% | $4.0M 0.0% · -89.5% |
| Sunset Segment [Member] | $576.0M 5.3% | $1.36B 7.7% · +136.8% | – | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Retail Segment [Member] | $312.0M 3.8% | $2.21B 27.7% | – | – | – | – |
| East Segment [Member] | $73.0M 7.9% | -$552.0M -40.4% | – | – | – | – |
| Texas Segment [Member] | $1.76B 251.2% | -$2.60B -42.6% | – | – | – | – |
| West Segment [Member] | $39.0M 21.9% | -$8.0M -2.4% | – | – | – | – |
| Asset Closure Segment [Member] | -$283.0M -113.2% | -$417.0M -77.5% | – | – | – | – |
| Sunset Segment [Member] | -$246.0M -42.7% | -$67.0M -4.9% | – | – | – | – |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 7, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.