FirstEnergy vs Vistra
Vistra reported revenue of $17.7 billion in fiscal 2025, 1.2 times FirstEnergy's $15.1 billion in fiscal 2025. FirstEnergy's revenue grew 12.0% in its latest year, and Vistra's grew 3.0%. FirstEnergy had an operating margin of 14.6%, against 10.8% at Vistra. Free cash flow was −$1.0 billion at FirstEnergy and $1.3 billion at Vistra.
Side by side
| FirstEnergy | Vistra | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $15.1B | $17.7B |
| Revenue growth | 12.0% | 3.0% |
| Revenue growth a year, last 5 years | 6.9% | 9.2% |
| Gross margin | — | — |
| Operating margin | 14.6% | 10.8% |
| Net margin | 6.8% | 5.3% |
| Free cash flow | −$1.0B | $1.3B |
| Free cash flow margin | −6.7% | 7.4% |
| Return on capital | 4.6% | 7.2% |
| Net debt to EBITDA | 6.8x | 4.7x |
| Dividends and buybacks | $1.0B | $1.3B |
| Change in diluted share count | 0.2% | −2.0% |
| Last close | $46.18 | $141.73 |
| P/E at the last close | 25.2× | 23.9× |
| Insider trades, last 12 months | sold $2.0 million | bought $1.2 million, sold $62.3 million |
| Piotroski F-score | 5 of 8 | 4 of 8 |
Amounts in each company's own currency, US$ 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
FirstEnergyVistra
Operating margin
Percent of revenue
FirstEnergyVistra
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
FirstEnergyVistra
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 FirstEnergy and Vistra pages.