The Filing Desk

American Electric Power vs Vistra

American Electric Power AEP · Vistra VST · Electric Utilities

American Electric Power reported revenue of $21.9 billion in fiscal 2025, 1.2 times Vistra's $17.7 billion in fiscal 2025. American Electric Power's revenue grew 10.9% in its latest year, and Vistra's grew 3.0%. American Electric Power had an operating margin of 24.3%, against 10.8% at Vistra. Free cash flow was −$1.5 billion at American Electric Power and $1.3 billion at Vistra.

Side by side

American Electric PowerVistra
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$21.9B$17.7B
Revenue growth10.9%3.0%
Revenue growth a year, last 5 years8.0%9.2%
Gross margin——
Operating margin24.3%10.8%
Net margin16.9%5.3%
Free cash flow−$1.5B$1.3B
Free cash flow margin−6.9%7.4%
Return on capital6.7%7.2%
Net debt to EBITDA5.6x4.7x
Dividends and buybacks$2.0B$1.3B
Change in diluted share count1.1%−2.0%
Last close$129.22$141.73
P/E at the last close19.1×23.9×
Insider trades, last 12 monthssold $2.2 millionbought $1.2 million, sold $62.3 million
Piotroski F-score7 of 84 of 8
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
American Electric PowerVistra
Operating margin
Percent of revenue
American Electric PowerVistra
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
American Electric PowerVistra

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the American Electric Power and Vistra pages.