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Vistra vs American Electric Power: VST and AEP compared
Vistra is the larger company: $6.3B of revenue in its latest quarter (Q3 2026) against $5.4B for American Electric Power (Q2 2026). Vistra is growing faster (+28% against +7% a year earlier). Vistra is more profitable, with an operating margin of 26.9% against 22.9%.
Where the money goes: VST and AEP
Vistra (VST) · Q3 2026
Vistra, Q3 2026: revenue $6.3B (+28% year over year), operating margin 26.9%, net earnings $1.1B. The chart follows the revenue to costs, profit and cash.
American Electric Power (AEP) · Q2 2026
American Electric Power, Q2 2026: revenue $5.4B (+7% year over year), operating margin 22.9%, net earnings $713M, operating cash flow $1.9B. The chart follows the revenue to costs, profit and cash.
| Vistra (VST) | American Electric Power (AEP) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $6.3B | $5.4B |
| Revenue growth, Y/Y | +28% | +7% |
| Operating margin | 26.9% | 22.9% |
| Net earnings | $1.1B | $713M |
| Net margin | 18.0% | 13.1% |
| Operating cash flow | — | $1.9B |
| Market value | $38.3B | $69.8B |
| P/E | 17.3× | 22.1× |
| Analysts’ mean target | $202.67 | $142.72 |
Where the revenue comes from
American Electric Power
- Total Retail Revenues: $4.0B (73%)
- Industrial Revenues: $847M (16%)
- Transmission Revenues: $437M (8%)
- Other Revenues: $174M (3%)
Questions
Which is bigger, Vistra or American Electric Power?
Vistra is the larger company: $6.3B of revenue in its latest quarter (Q3 2026) against $5.4B for American Electric Power (Q2 2026).
Is Vistra or American Electric Power growing faster?
Vistra is growing faster (+28% against +7% a year earlier).
Which is more profitable, Vistra or American Electric Power?
Vistra is more profitable, with an operating margin of 26.9% against 22.9%.
More: Vistra earnings · how Vistra makes money · American Electric Power earnings · how American Electric Power makes money
From the companies' latest 10-Q, 10-K or earnings release (8-K filed Nov 6, 2026; 10-Q filed Jul 30, 2026). Fiscal quarters can end on different dates. Not investment advice.