Vistra Energy Corp (VST)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 2,001,000 | -1,577,000 | -1,732,000 | 902,000 | 1,218,000 |
| Revenue | US$ in thousands | 14,779,000 | 13,728,000 | 12,077,000 | 11,443,000 | 11,809,000 |
| Pretax margin | 13.54% | -11.49% | -14.34% | 7.88% | 10.31% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $2,001,000K ÷ $14,779,000K
= 13.54%
The pretax margin of Vistra Corp has exhibited fluctuating trends over the past five fiscal years. After a negative performance in 2020 with a pretax margin of 7.78%, the company experienced a substantial improvement in 2021, but still reported a negative pretax margin of -14.26%. However, in 2022, the pretax margin deteriorated further to -11.36%.
The company made a significant turnaround in 2023, achieving a positive pretax margin of 13.53%, showcasing enhanced profitability. It is evident that Vistra Corp has been able to strengthen its operational efficiency and cost management strategies in 2023 compared to the previous years, leading to improved profitability metrics.
Overall, the company's pretax margin performance reflects a mix of positive and negative trends, signifying the importance of continuous monitoring and adjustments in its financial and operational strategies to maintain and enhance profitability levels.
Peer comparison
Dec 31, 2023