FirstEnergy vs Vistra
Vistra is the larger business, with $17.74bn of revenue in fiscal 2025 against $15.09bn for FirstEnergy (1.2 times as much). FirstEnergy grew faster (12.0% against 3.0%). FirstEnergy kept more of each dollar of sales as profit: a net margin of 6.8% against 5.3%. FirstEnergy carries less debt relative to equity (212.3% against 369.7%).
| Latest fiscal year | FirstEnergyFE, 2025 | VistraVST, 2025 |
|---|---|---|
| Revenue | $15.09bn | $17.74bn |
| Revenue growth | 12.0% | 3.0% |
| Net income | $1.02bn | $944m |
| Operating margin | 14.6% | 10.7% |
| Net margin | 6.8% | 5.3% |
| Return on equity | 8.2% | 17.7% |
| Free cash flow | −$1.00bn | $1.32bn |
| Cash | $57.0m | $785m |
| Total debt | $26.56bn | $18.84bn |
| Debt to equity | 212.3% | 369.7% |
| Dividend per share | $1.78 | $0.90 |
| Dividend yield | — | 0.7% |
| Share buybacks | — | $1.03bn |
| Employees | — | 6,390 |
| Market value | $27.57bn | $45.22bn |
| Price vs our value range | — | Within our value range |
| Moat score | 27 (Weak) | 48 (Moderate) |
| Insider trades, 12 months | 0 buys, 4 sales | 3 buys, 21 sales |