Constellation Energy Corporation (CEG) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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CEG Revenue Growth
Revenue Breakdown (FY 2025)
CEG's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
CEG Revenue Analysis (2014–2025)
As of May 6, 2026, Constellation Energy Corporation (CEG) generated trailing twelve-month (TTM) revenue of $25.53 billion, reflecting modest growth of +1.4% year-over-year. The most recent quarter (Q4 2025) recorded $5.46 billion in revenue, down 24.0% sequentially.
Looking at the longer-term picture, CEG's 5-year compound annual growth rate (CAGR) stands at +7.7%, indicating steady revenue expansion. The company achieved its highest annual revenue of $25.53 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows CEG's business is primarily driven by Constellation Mid Atlantic (29%), Constellation Midwest (26%), and Constellation Other Regions (25%).
When compared to Utilities sector peers including VST (-13.7% YoY), NRG (+9.2% YoY), and TLN (+44.8% YoY), CEG has underperformed the peer group in terms of revenue growth. Compare CEG vs VST →
CEG Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CEGCurrent | $25.5B | +1.4% | +7.7% | 12.1% | |
 VST | $17.0B | -13.7% | +8.9% | 7.9% | |
 NRG | $30.7B | +9.2% | +27.6% | 6.0% | |
 TLN | $2.5B | +44.8% | -6.9% | -2.8% | |
 CWEN | $1.4B | +4.2% | +3.6% | 12.3% | |
 AES | $12.2B | +3.0% | +4.8% | 16.1% |
CEG Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $25.53B | +8.3% | $19.36B | 75.8% | $3.09B | 12.1% |
| 2024 | $23.57B | -5.4% | $5.99B | 25.4% | $4.35B | 18.5% |
| 2023 | $24.92B | +2.0% | $3.30B | 13.3% | $1.61B | 6.5% |
| 2022 | $24.44B | +24.4% | $2.14B | 8.7% | $495.0M | 2.0% |
| 2021 | $19.65B | +11.6% | $2.75B | 14.0% | $-346,000,000 | -1.8% |
| 2020 | $17.60B | -7.0% | $3.27B | 18.6% | $256.0M | 1.5% |
| 2019 | $18.92B | -7.4% | $3.30B | 17.4% | $1.32B | 7.0% |
| 2018 | $20.44B | +10.5% | $3.31B | 16.2% | $975.0M | 4.8% |
| 2017 | $18.50B | +4.2% | $3.10B | 16.8% | $947.0M | 5.1% |
| 2016 | $17.76B | -7.2% | $3.38B | 19.1% | $820.0M | 4.6% |
Full CEG Stock Analysis
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Start ComparisonCEG — Frequently Asked Questions
Quick answers to the most common questions about buying CEG stock.
Is CEG's revenue growth accelerating or slowing?
CEG revenue growth slowed to +1.4%, below the 5-year CAGR of +7.7%. TTM revenue is $25.5B. The deceleration marks a shift from historical growth rates.
What is CEG's long-term revenue growth rate?
Constellation Energy Corporation's 5-year revenue CAGR of +7.7% reflects the variable expansion pattern. Current YoY growth of +1.4% is near this long-term average.
How is CEG's revenue distributed by segment?
CEG reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.