Vistra Energy Corp (VST)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 13,349,000 | 14,127,000 | 15,221,000 | 13,649,000 | 12,398,000 | 11,906,000 | 9,805,000 | 10,772,000 | 10,888,000 | 10,124,000 | 10,414,000 | 10,412,000 | 9,977,000 | 10,632,000 | 10,567,000 | 10,915,000 | 11,130,000 | 10,832,000 | 10,934,000 | 10,467,000 |
| Revenue (ttm) | US$ in thousands | 14,778,000 | 15,569,000 | 16,629,000 | 15,028,000 | 13,728,000 | 13,173,000 | 11,018,000 | 11,995,000 | 12,077,000 | 11,287,000 | 11,848,000 | 11,792,000 | 11,443,000 | 11,779,000 | 11,421,000 | 11,744,000 | 11,809,000 | 11,511,000 | 11,560,000 | 11,302,000 |
| Gross profit margin | 90.33% | 90.74% | 91.53% | 90.82% | 90.31% | 90.38% | 88.99% | 89.80% | 90.15% | 89.70% | 87.90% | 88.30% | 87.19% | 90.26% | 92.52% | 92.94% | 94.25% | 94.10% | 94.58% | 92.61% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $13,349,000K ÷ $14,778,000K
= 90.33%
The gross profit margin of Vistra Corp has shown fluctuations over the past eight quarters. In Q4 2023, the gross profit margin reached 48.87%, indicating that the company retained a higher percentage of revenue after accounting for the cost of goods sold. This represents an increase from the previous quarter, Q3 2023, where the gross profit margin was 44.92%.
The trend in gross profit margin shows an improvement from the prior quarters, with significant variations in performance. Q1 2023 saw a lower gross profit margin of 31.51%, followed by a notable increase in Q2 2023 to 42.24%. Q4 2022 had a gross profit margin of 24.24%, indicating a substantial improvement over the year.
Comparing the recent performance to the previous year, there is a clear positive trend, as the company has consistently improved its gross profit margin. Q3 2022 and Q2 2022 had relatively stable gross profit margins of 32.28% and 31.52%, respectively, followed by a significant increase to 44.12% in Q1 2022.
Overall, the recent increase in the gross profit margin for Vistra Corp is a positive indication of the company's ability to effectively manage its production costs and generate profits from its core business activities. Continued monitoring of this ratio will be essential to assess the company's operational efficiency and profitability in the future.
Peer comparison
Dec 31, 2023