Vistra Energy Corp (VST)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,493,000 | -1,227,000 | -1,274,000 | 636,000 | 928,000 |
| Total stockholders’ equity | US$ in thousands | 5,307,000 | 4,902,000 | 8,291,000 | 8,371,000 | 7,959,000 |
| ROE | 28.13% | -25.03% | -15.37% | 7.60% | 11.66% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $1,493,000K ÷ $5,307,000K
= 28.13%
The return on equity (ROE) of Vistra Corp has shown a significant improvement over the past five years. In 2023, the ROE stood at 25.31%, indicating that the company generated $25.31 in profit for every dollar of shareholders' equity. This represents a substantial recovery from the negative ROE values in 2022 (-28.09%) and 2021 (-15.62%).
Compared to the positive ROE figures in 2020 (7.60%) and 2019 (11.66%), the recent increase in ROE for Vistra Corp suggests enhanced profitability and efficiency in utilizing shareholders' equity to generate earnings. The upward trend in ROE demonstrates the company's ability to generate healthy returns for its shareholders and improve its overall financial performance.
Peer comparison
Dec 31, 2023