Operating Margin

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Price: 136.15 EUR -1.2% Market Closed

Market Cap: €47.3B

12.2%

Declining

by 1.9%

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

12.2%

Operating Income

$2.1B

Revenue

$17.2B

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

12.2%

Operating Income

€2.1B

Revenue

$17.2B

Peer Comparison

Country		Company	Market Cap	Operating Margin
US		Vistra Corp NYSE:VST	54.6B USD	Loading...
US		NRG Energy Inc NYSE:NRG	28.8B USD	Loading...
US		CenterPoint Energy Inc NYSE:CNP	25.7B USD	Loading...
US		AES Corp NYSE:AES	10.5B USD	Loading...
SA		ACWA Power Co SAU:2082	184.5B SAR	Loading...
IN		NTPC Ltd NSE:NTPC	3.3T INR	Loading...
CN		CGN Power Co Ltd SZSE:003816	196.9B CNY	Loading...
IN		Adani Power Ltd NSE:ADANIPOWER	2.6T INR	Loading...
CN		China National Nuclear Power Co Ltd SSE:601985	182B CNY	Loading...
TH	G	Gulf Energy Development PCL SET:GULF	694.7B THB	Loading...
DE		Uniper SE XETRA:UN0	14.7B EUR	Loading...

Market Distribution

Min	-4 087 900%
30th Percentile	-5.1%
Median	6%
70th Percentile	14.8%
Max	1 032 600%

Other Profitability Ratios

Vistra Corp
Glance View

Economic Moat

None

Market Cap

47.3B EUR

Industry

Utilities

Vistra Corp., rooted in the heart of Texas, stands as a formidable player in the energy sector, weaving its influence through a spectrum of energy-related disciplines. Born from the legacy of the TXU Corp., Vistra emerged in 2016 through a strategic restructuring of Energy Future Holdings, positioning itself as a robust entity in both power generation and retail electricity solutions. The company's dynamic operations span across electricity generation, providing an impressive portfolio of natural gas, nuclear, solar, and coal-powered assets to fuel the needs of a modern society. With one of the largest power generation fleets in the United States, Vistra captures economies of scale, harnessing a diverse mix of energy sources to ensure a reliable and economically viable energy supply. On the retail front, Vistra leverages its operational capabilities through its subsidiary brands, including TXU Energy and Dynegy. These brands render a direct interface with the consumers, bridging the gap between production and point-of-use, and enabling the company to secure revenue from electricity sales to a multi-state customer base that includes residential, commercial, and industrial sectors. By providing competitive rates and innovative energy solutions, Vistra not only sustains its revenue stream but also enriches customer loyalty in an industry susceptible to fluctuations and price wars. Integrating its wholesale generation prowess with retail finesse, Vistra orchestrates a business model that is both adaptable and resilient, maneuvering through the complexities of the modern energy landscape while capitalizing on the increasing need for sustainable energy solutions.

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0V6 Intrinsic Value

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What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

The AI Assistant may sometimes provide inaccurate information.

Make your own investment decisions or consult a licensed financial advisor.

Vistra Corp
F:0V6

Peer Comparison

Market Distribution

Other Profitability Ratios

Vistra Corp
Glance View

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Vistra Corp F:0V6