Vistra Energy Corp (VST)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	2,661,000	-1,177,000	-1,515,000	1,519,000	1,993,000
Revenue	US$ in thousands	14,779,000	13,728,000	12,077,000	11,443,000	11,809,000
Operating profit margin		18.01%	-8.57%	-12.54%	13.27%	16.88%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $2,661,000K ÷ $14,779,000K
= 18.01%

The operating profit margin of Vistra Corp has experienced fluctuations over the past five years. In 2023, the operating profit margin improved significantly to 18.34%, indicating that the company effectively managed its operating expenses relative to its revenue. This represents a strong performance compared to the negative margins seen in 2021 and 2022.

In 2022, the operating profit margin was -8.03%, reflecting that the company's operating expenses exceeded its operating income, resulting in a loss. Similarly, in 2021, the operating profit margin was negative at -11.96%, indicating operational inefficiencies or challenges during that period.

However, in 2020 and 2019, Vistra Corp demonstrated strong operating profitability with operating profit margins of 16.39% and 16.88% respectively. This suggests that the company was able to generate healthy profits from its core operations during those years.

Overall, the trend in Vistra Corp's operating profit margin highlights the company's ability to improve operational efficiency and manage costs effectively, leading to fluctuating margins over the five-year period.