Vistra Energy Corp (VST)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	13,290,000	12,335,000	10,831,000	9,913,000	10,751,000
Revenue	US$ in thousands	14,779,000	13,728,000	12,077,000	11,443,000	11,809,000
Gross profit margin		89.92%	89.85%	89.68%	86.63%	91.04%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $13,290,000K ÷ $14,779,000K
= 89.92%

Vistra Corp's gross profit margin has exhibited fluctuating trends over the past five years, as indicated by the data provided. In 2023, the gross profit margin increased significantly to 48.87%, reflecting improved efficiency in managing production costs relative to sales revenue. This marks a substantial enhancement from the previous year's margin of 24.24%.

Comparing the latest figures to 2021 and 2020, there is a noticeable reversal in performance. The company experienced a decline in gross profit margin in 2021 to 24.08%, a level similar to that of 2022. However, in 2020, Vistra Corp recorded a notably higher gross profit margin of 54.78%, suggesting more effective cost control and favorable pricing strategies during that period.

Furthermore, the gross profit margin for 2019 stood at 51.38%, indicating strong profitability relative to the cost of goods sold. Overall, Vistra Corp's gross profit margin has displayed variability in recent years, highlighting the company's ability to adapt to changing market conditions and operational challenges. It will be essential for stakeholders to monitor future financial performance to assess the sustainability of this upward trend in profitability.