Vistra Energy Corp (VST)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 2,658,000 | 2,458,000 | 2,518,000 | 244,000 | -1,175,000 | -191,000 | -966,000 | 779,000 | -1,516,000 | -2,326,000 | -1,769,000 | -1,454,000 | 1,520,000 | 1,778,000 | 1,542,000 | 1,894,000 | 1,993,000 | 1,663,000 | 1,873,000 | 1,375,000 |
| 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 |
| Operating profit margin | 17.99% | 15.79% | 15.14% | 1.62% | -8.56% | -1.45% | -8.77% | 6.49% | -12.55% | -20.61% | -14.93% | -12.33% | 13.28% | 15.09% | 13.50% | 16.13% | 16.88% | 14.45% | 16.20% | 12.17% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,658,000K ÷ $14,778,000K
= 17.99%
The operating profit margin of Vistra Corp has shown significant variability over the past eight quarters. In Q4 2023, the operating profit margin increased to 18.34%, marking a positive trend compared to previous quarters. The improvement in operating profit margin indicates that Vistra Corp was able to effectively control operating expenses and generate higher operating income relative to revenues during this period.
Prior to Q4 2023, there were fluctuations in the operating profit margin, with Q3 2023 at 16.56%, Q2 2023 at 15.87%, and Q1 2023 at 2.43%. These fluctuations suggest that Vistra Corp faced challenges in maintaining consistent profitability during this period.
Looking further back, in Q4 2022, the operating profit margin was negative at -8.03%, indicating that the company incurred operating losses during that quarter. Subsequently, in Q3 2022 and Q2 2022, the operating profit margins were also negative at -1.19% and -8.46%, respectively. The improvement seen in Q1 2022, with an operating profit margin of 7.09%, indicates a turnaround in profitability compared to the preceding quarters.
In conclusion, the operating profit margin of Vistra Corp has been volatile over the past eight quarters, with improvements in Q4 2023 compared to recent periods. Continuous monitoring and effective management of operating expenses will be crucial for sustaining and further enhancing profitability in the future.
Peer comparison
Dec 31, 2023