• Vistra average ebitda margin for 2023 was 25.22%, a 83.02% increase from 2022.
• Vistra average ebitda margin for 2022 was 13.78%, a 483.9% increase from 2021.
• Vistra average ebitda margin for 2021 was 2.36%, a 92.55% increase from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.