Vistra Energy Corp (VST)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 2,001,000 | 1,813,000 | 2,046,000 | -325,000 | -1,578,000 | -407,000 | -1,273,000 | 420,000 | -1,732,000 | -2,615,000 | -2,011,000 | -1,698,000 | 903,000 | 1,203,000 | 719,000 | 989,000 | 1,218,000 | 702,000 | 1,068,000 | 598,000 |
| 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 |
| Pretax margin | 13.54% | 11.64% | 12.30% | -2.16% | -11.49% | -3.09% | -11.55% | 3.50% | -14.34% | -23.17% | -16.97% | -14.40% | 7.89% | 10.21% | 6.30% | 8.42% | 10.31% | 6.10% | 9.24% | 5.29% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $2,001,000K ÷ $14,778,000K
= 13.54%
The pretax margin of Vistra Corp has shown variability over the past eight quarters. For the most recent quarter, Q4 2023, the pretax margin was 13.53%, representing a steady increase from the previous quarter's 11.63%. This improvement indicates that the company's ability to generate profits before accounting for taxes has strengthened.
Looking further back, there was a significant improvement in pretax margin compared to the same quarter in the previous year, Q4 2022, where the margin was notably lower at -11.36%. This suggests that Vistra Corp has made strategic changes or improvements in its operational efficiency and overall financial performance over this period.
Despite fluctuations in some quarters, the overall trend in the pretax margin of Vistra Corp appears to be positive, with an increasing trend in more recent quarters. This may indicate a more stable and profitable financial performance that could result in increased profitability for the company in the future, provided the positive trend continues.
Peer comparison
Dec 31, 2023