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6Mar 31, 2026·SEC
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Constellation Energy Corporation (CEG) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Constellation Energy Corporation (CEG) stock price & volume — 10-year historical chart
Constellation Energy Corporation (CEG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Constellation Energy Corporation (CEG) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 24, 2026 | $2.30vs $2.28+0.9% | $6.1Bvs $5.6B+8.4% |
| Q4 2025 | Nov 7, 2025 | $3.04vs $3.11-2.3% | $6.6Bvs $6.2B+5.9% |
| Q3 2025 | Aug 7, 2025 | $1.91vs $1.84+3.8% | $6.1Bvs $4.9B+24.4% |
| Q2 2025 | May 6, 2025 | $2.14vs $2.18-1.8% | $6.8Bvs $5.6B+22.1% |
Constellation Energy Corporation (CEG) competitors in Merchant Power Generators and Retailers — business model, growth, and fundamentals comparison
Constellation Energy Corporation (CEG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Constellation Energy Corporation (CEG) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 18.5B | 20.44B | 18.92B | 17.6B | 19.65B | 24.44B | 24.92B | 23.57B | 25.53B |
| Revenue Growth % | 4.18% | 10.47% | -7.4% | -6.98% | 11.62% | 24.38% | 1.96% | -5.42% | 8.34% |
| Cost of Revenue | 15.39B | 17.13B | 15.63B | 14.33B | 16.9B | 22.3B | 21.61B | 17.58B | 6.16B |
| Gross Profit | 3.1B▲ 0% | 3.31B▲ 6.7% | 3.3B▼ 0.5% | 3.27B▼ 0.7% | 2.75B▼ 16.2% | 2.14B▼ 22.1% | 3.3B▲ 54.6% | 5.99B▲ 81.4% | 19.36B▲ 223.2% |
| Gross Margin % | 16.78% | 16.21% | 17.42% | 18.6% | 13.97% | 8.74% | 13.26% | 25.42% | 75.83% |
| Gross Profit Growth % | -8.27% | 6.67% | -0.45% | -0.67% | -16.18% | -22.15% | 54.56% | 81.35% | 223.22% |
| Operating Expenses | 2.16B | 2.34B | 1.97B | 3.02B | 3.09B | 1.64B | 1.69B | 1.64B | 16.27B |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - |
| EBITDA | 3.74B | 3.79B | 4.16B | 2.94B | 2.24B | 2.92B | 4.12B | 7.05B | 4.07B |
| EBITDA Margin % | 20.22% | 18.56% | 21.98% | 16.68% | 11.41% | 11.96% | 16.55% | 29.92% | 15.94% |
| EBITDA Growth % | 4.88% | 1.42% | 9.65% | -29.4% | -23.7% | 30.39% | 41.14% | 71% | -42.27% |
| Depreciation & Amortization | 2.79B | 2.82B | 2.84B | 2.68B | 2.59B | 2.43B | 2.51B | 2.7B | 985M |
| D&A / Revenue % | 15.1% | 13.79% | 14.99% | 15.23% | 13.17% | 9.93% | 10.09% | 11.46% | 3.86% |
| Operating Income (EBIT) | 947M▲ 0% | 975M▲ 3.0% | 1.32B▲ 35.7% | 256M▼ 80.7% | -346M▼ 235.2% | 495M▲ 243.1% | 1.61B▲ 225.3% | 4.35B▲ 170.3% | 3.09B▼ 29.1% |
| Operating Margin % | 5.12% | 4.77% | 6.99% | 1.45% | -1.76% | 2.03% | 6.46% | 18.47% | 12.09% |
| Operating Income Growth % | 15.49% | 2.96% | 35.69% | -80.65% | -235.16% | 243.06% | 225.25% | 170.31% | -29.09% |
| Interest Expense | 440M | 432M | 429M | 357M | 297M | 251M | 431M | 506M | 511M |
| Interest Coverage | 2.15x | 2.26x | 3.08x | 0.72x | -1.16x | 1.97x | 3.74x | 8.60x | 6.04x |
| Interest / Revenue % | 2.38% | 2.11% | 2.27% | 2.03% | 1.51% | 1.03% | 1.73% | 2.15% | 2% |
| Non-Operating Income | 1000K | -1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K |
| Pretax Income | 1.42B▲ 0% | 335M▼ 76.4% | 1.73B▲ 417.3% | 828M▼ 52.2% | 142M▼ 82.9% | -555M▼ 490.8% | 2.44B▲ 538.9% | 4.51B▲ 85.2% | 3.51B▼ 22.2% |
| Pretax Margin % | 7.69% | 1.64% | 9.16% | 4.7% | 0.72% | -2.27% | 9.78% | 19.14% | 13.75% |
| Income Tax | -1.38B | -108M | 516M | 249M | 225M | -388M | 859M | 774M | 1.19B |
| Effective Tax Rate % | -96.77% | -32.24% | 29.77% | 30.07% | 158.45% | 69.91% | 35.26% | 17.15% | 33.81% |
| Net Income | 2.71B▲ 0% | 370M▼ 86.3% | 1.13B▲ 204.1% | 589M▼ 47.6% | -205M▼ 134.8% | -160M▲ 22.0% | 1.62B▲ 1114.4% | 3.75B▲ 131.0% | 2.32B▼ 38.1% |
| Net Margin % | 14.65% | 1.81% | 5.94% | 3.35% | -1.04% | -0.65% | 6.51% | 15.91% | 9.08% |
| Net Income Growth % | 461.08% | -86.35% | 204.05% | -47.64% | -134.8% | 21.95% | 1114.38% | 130.99% | -38.14% |
| EPS (Diluted) | 8.31▲ 0% | 1.13▼ 86.4% | 3.44▲ 204.8% | 1.80▼ 47.6% | -0.63▼ 134.8% | -0.49▲ 22.3% | 5.01▲ 1127.1% | 11.90▲ 137.5% | 7.40▼ 37.8% |
| EPS Growth % | 461.49% | -86.4% | 204.77% | -47.64% | -134.81% | 22.28% | 1127.06% | 137.53% | -37.82% |
| EPS (Basic) | 8.31 | 1.13 | 3.44 | 1.80 | -0.63 | -0.49 | 5.02 | 11.90 | 7.40 |
| Diluted Shares Outstanding | 326.3M | 326.3M | 326.66M | 326.66M | 326.66M | 328M | 324M | 315M | 314M |
Constellation Energy Corporation (CEG) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 48.46B | 47.56B | 48.99B | 48.09B | 48.09B | 46.91B | 50.76B | 52.93B | 57.25B |
| Asset Growth % | 3.16% | -1.86% | 3.03% | -1.84% | -0.02% | -2.45% | 8.21% | 4.27% | 8.17% |
| PP&E (Net) | 21.64B | 20.99B | 24.19B | 22.21B | 19.61B | 19.82B | 22.12B | 21.23B | 22.47B |
| PP&E / Total Assets % | 44.67% | 44.14% | 49.38% | 46.19% | 40.79% | 42.26% | 43.57% | 40.12% | 39.26% |
| Total Current Assets | 6.88B | 8.43B | 7.08B | 6.95B | 7.98B | 9.36B | 8.3B | 10.78B | 12.12B |
| Cash & Equivalents | 416M | 750M | 303M | 226M | 504M | 422M | 368M | 3.02B | 3.75B |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Inventory | 1.2B | 1.21B | 1.26B | 1.21B | 1.29B | 1.5B | 1.5B | 1.6B | 1.74B |
| Other Current Assets | 2.43B | 3.35B | 1.76B | 3.67B | 3.77B | 4.12B | 3.58B | 2.44B | 2.37B |
| Long-Term Investments | 433M | 414M | 235M | 184M | 174M | 202M | 563M | 640M | 0 |
| Goodwill | 47M | 47M | 47M | 47M | 0 | 47M | 425M | 420M | 420M |
| Intangible Assets | 395M | 371M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 19.05B | 17.3B | 17.43B | 18.7B | 20.29B | 17.43B | 19.3B | 19.86B | 22.24B |
| Total Liabilities | 32.5B | 32.05B | 33.16B | 33.42B | 36.47B | 35.54B | 39.47B | 39.39B | 42.4B |
| Total Debt | 9.05B | 8.89B | 8.29B | 7.21B | 8.2B | 5.77B | 9.26B | 8.41B | 8.99B |
| Net Debt | 8.63B | 8.14B | 7.99B | 6.99B | 7.69B | 5.35B | 8.89B | 5.39B | 5.24B |
| Long-Term Debt | 8.64B | 7.89B | 4.79B | 5.89B | 4.89B | 4.47B | 7.5B | 7.38B | 7.25B |
| Short-Term Borrowings | 402M | 1.01B | 3.5B | 1.32B | 3.3B | 1.3B | 1.76B | 1.03B | 1.74B |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 4.19B | 5.77B | 7.29B | 5.22B | 8B | 7.84B | 6.32B | 6.85B | 7.94B |
| Accounts Payable | 1.8B | 1.85B | 1.69B | 1.25B | 1.76B | 2.83B | 0 | 0 | 0 |
| Accrued Expenses | 603M | 672M | 786M | 788M | 737M | 906M | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 17M | 7M | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 1.39B | 2.24B | 1.18B | 1.74B | 2.07B | 2.8B | 4.55B | 5.82B | 6.2B |
| Deferred Taxes | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Liabilities | 19.66B | 18.39B | 17.32B | 18.65B | 19.88B | 20.2B | 22.45B | 21.83B | 23.66B |
| Total Equity | 15.96B▲ 0% | 15.51B▼ 2.8% | 15.83B▲ 2.1% | 14.68B▼ 7.3% | 11.61B▼ 20.9% | 11.37B▼ 2.1% | 11.29B▼ 0.8% | 13.54B▲ 20.0% | 14.85B▲ 9.7% |
| Equity Growth % | 20.39% | -2.83% | 2.08% | -7.29% | -20.86% | -2.08% | -0.76% | 19.96% | 9.71% |
| Shareholders Equity | 13.67B | 13.2B | 13.48B | 12.4B | 11.22B | 11.02B | 10.93B | 13.17B | 14.52B |
| Minority Interest | 2.29B | 2.3B | 2.35B | 2.28B | 395M | 354M | 361M | 373M | 336M |
| Common Stock | 9.36B | 9.52B | 9.57B | 9.62B | 10.48B | 13.27B | 12.36B | 11.4B | 11.04B |
| Additional Paid-in Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 4.35B | 3.72B | 3.95B | 2.81B | 768M | -496M | 761M | 4.07B | 5.9B |
| Accumulated OCI | -37M | -38M | -32M | -30M | -31M | -1.76B | -2.19B | -2.3B | -2.42B |
| Return on Assets (ROA) | 5.68% | 0.77% | 2.33% | 1.21% | -0.43% | -0.34% | 3.32% | 7.23% | 4.21% |
| Return on Equity (ROE) | 18.55% | 2.35% | 7.18% | 3.86% | -1.56% | -1.39% | 14.33% | 30.2% | 16.34% |
| Debt / Equity | 0.57x | 0.57x | 0.52x | 0.49x | 0.71x | 0.51x | 0.82x | 0.62x | 0.61x |
| Debt / Assets | 18.67% | 18.7% | 16.93% | 15% | 17.04% | 12.3% | 18.25% | 15.89% | 15.71% |
| Net Debt / EBITDA | 2.31x | 2.15x | 1.92x | 2.38x | 3.43x | 1.83x | 2.16x | 0.76x | 1.29x |
| Book Value per Share | 48.91 | 47.53 | 48.46 | 44.93 | 35.55 | 34.67 | 34.83 | 42.98 | 47.3 |
Constellation Energy Corporation (CEG) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 3.3B | 3.86B | 2.87B | 584M | -1.34B | -2.35B | -5.3B | -2.46B | 4.24B |
| Operating CF Growth % | -25.73% | 17.04% | -25.59% | -79.67% | -329.11% | -75.86% | -125.29% | 53.52% | 271.96% |
| Operating CF / Revenue % | 17.83% | 18.89% | 15.18% | 3.32% | -6.81% | -9.63% | -21.27% | -10.45% | 16.59% |
| Net Income | 2.22B | 370M | 1.13B | 589M | -205M | -167M | 1.62B | 3.74B | 2.32B |
| Depreciation & Amortization | 2.79B | 3.42B | 3.06B | 3.64B | 4B | 2.43B | 2.51B | 2.7B | 2.6B |
| Deferred Taxes | 261M | -451M | 361M | 78M | -205M | -643M | 251M | 222M | 0 |
| Other Non-Cash Items | -1.31B | 788M | -1.01B | -299M | -33M | 1.16B | 185M | -1.79B | -687M |
| Working Capital Changes | -757M | -338M | -698M | -3.45B | -4.94B | -5.25B | -9.87B | -7.33B | 0 |
| Capital Expenditures | -2.26B | -2.24B | -1.84B | -1.75B | 3.28B | 3.1B | -2.42B | 7.43B | -2.95B |
| CapEx / Revenue % | 12.21% | 10.97% | 9.75% | 9.92% | 16.7% | 12.7% | 9.72% | 31.52% | 11.55% |
| CapEx / D&A | 0.81x | 0.66x | 0.60x | 0.48x | 0.82x | 1.28x | 0.96x | 2.75x | 1.13x |
| CapEx Coverage (OCF/CapEx) | 1.46x | 1.72x | 1.56x | 0.33x | -0.41x | -0.76x | -2.19x | -0.33x | 1.44x |
| Cash from Investing | -2.66B | -2.53B | -1.87B | 1.96B | 3.28B | 3.1B | 3.03B | 7.43B | -3.2B |
| Acquisitions | -208M | -154M | -41M | 1.75B | 1.33B | 52M | 0 | 0 | 0 |
| Purchase of Investments | 0 | -9B | -10.09B | -3.46B | -6.67B | -4.27B | -6.05B | -6.28B | 0 |
| Sale of Investments | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 |
| Other Investing | -195M | 100M | 55M | 2.08B | 3.42B | 4.96B | 5.68B | 10.27B | -249M |
| Cash from Financing | -531M | -981M | -1.46B | -2.66B | -1.7B | -799M | 2.2B | -2.29B | -420M |
| Dividends Paid | -659M | -1B | -899M | -1.73B | -1.83B | -185M | -366M | -444M | -486M |
| Dividend Payout Ratio % | 24.32% | 270.54% | 79.91% | 294.4% | - | - | 22.55% | 11.84% | - |
| Debt Issuance (Net) | 1000K | -1000K | -1000K | -1000K | 1000K | -1000K | 1000K | -1000K | 0 |
| Stock Issued | 0 | 155M | 41M | 64M | 64M | 1.75B | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | -64M | -64M | -1.75B | -992M | -999M | -400M |
| Other Financing | -256M | -9M | -151M | 279M | -1.15B | 1.72B | 42M | -1M | 66M |
| Net Change in Cash | 106M▲ 0% | 349M▲ 229.2% | -454M▼ 230.1% | -122M▲ 73.1% | 249M▲ 304.1% | -48M▼ 119.3% | -74M▼ 54.2% | 2.67B▲ 3714.9% | 619M▼ 76.9% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 448M | 554M | 903M | 449M | 327M | 576M | 528M | 454M | 3.13B |
| Cash at End | 554M | 903M | 449M | 327M | 576M | 528M | 454M | 3.13B | 3.75B |
| Free Cash Flow | 1.04B▲ 0% | 1.62B▲ 55.7% | 1.03B▼ 36.5% | -1.16B▼ 213.1% | 1.94B▲ 267.2% | 751M▼ 61.4% | -7.72B▼ 1128.4% | 4.96B▲ 164.3% | 1.29B▼ 74.1% |
| FCF Growth % | -23.75% | 55.67% | -36.5% | -213.13% | 267.15% | -61.37% | -1128.36% | 164.28% | -74.05% |
| FCF Margin % | 5.62% | 7.92% | 5.43% | -6.61% | 9.89% | 3.07% | -30.99% | 21.06% | 5.04% |
| FCF / Net Income % | 38.38% | 437.57% | 91.38% | -197.45% | -948.29% | -469.37% | -475.85% | 132.41% | 55.54% |
Constellation Energy Corporation (CEG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 3.68% | 18.55% | 2.35% | 7.18% | 3.86% | -1.56% | -1.39% | 14.33% | 30.2% | 16.34% |
| EBITDA Margin | 20.09% | 20.22% | 18.56% | 21.98% | 16.68% | 11.41% | 11.96% | 16.55% | 29.92% | 15.94% |
| Net Debt / EBITDA | 2.72x | 2.31x | 2.15x | 1.92x | 2.38x | 3.43x | 1.83x | 2.16x | 0.76x | 1.29x |
| Interest Coverage | 2.25x | 2.15x | 2.26x | 3.08x | 0.72x | -1.16x | 1.97x | 3.74x | 8.60x | 6.04x |
| CapEx / Revenue | 17.33% | 12.21% | 10.97% | 9.75% | 9.92% | 16.7% | 12.7% | 9.72% | 31.52% | 11.55% |
| Dividend Payout Ratio | 190.89% | 24.32% | 270.54% | 79.91% | 294.4% | - | - | 22.55% | 11.84% | - |
| Debt / Equity | 0.75x | 0.57x | 0.57x | 0.52x | 0.49x | 0.71x | 0.51x | 0.82x | 0.62x | 0.61x |
| EPS Growth | -64.76% | 461.49% | -86.4% | 204.77% | -47.64% | -134.81% | 22.28% | 1127.06% | 137.53% | -37.82% |
Constellation Energy Corporation (CEG) SEC filings — annual & quarterly reports (10-K, 10-Q)
Mar 31, 2026·SEC
Mar 26, 2026·SEC
Mar 20, 2026·SEC
Constellation Energy Corporation (CEG) stock FAQ — growth, dividends, profitability & financials explained
Constellation Energy Corporation (CEG) reported $25.53B in revenue for fiscal year 2025. This represents a 77% increase from $14.44B in 2012.
Constellation Energy Corporation (CEG) grew revenue by 8.3% over the past year. This is steady growth.
Yes, Constellation Energy Corporation (CEG) is profitable, generating $2.32B in net income for fiscal year 2025 (9.1% net margin).
Yes, Constellation Energy Corporation (CEG) pays a dividend with a yield of 0.48%. This makes it attractive for income-focused investors.
Constellation Energy Corporation (CEG) has a return on equity (ROE) of 16.3%. This is reasonable for most industries.
Constellation Energy Corporation (CEG) generated $1.29B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Constellation Energy Corporation (CEG) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.
Constellation Energy Corporation (CEG) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates