Constellation Energy Corp (CEG)

Constellation Energy Corporation produces and sells energy products and services in the United States. The company operates through five segments: Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions. It offers electricity, natural gas, energy-related products, and sustainable solutions. The company has approximately 31,676 megawatts of generating capacity consisting of nuclear, wind, solar, natural gas, and hydroelectric assets. It serves distribution utilities, municipalities, cooperatives, and commercial, industrial, public sector, and residential customers. The company was incorporated in 2021 and is headquartered in Baltimore, Maryland.

Symbol: CEG
Exchange: Nasdaq
Sector: Utilities
Industry: Utilities - Independent Power Producers
Market cap: $91.41B
52 week range: 228.63 - 412.7

Valuation

Share price: $257.49 (close of 2026-10-02)
P/E (TTM): 25.10x
Price to book: 2.83x
Price to free cash flow: 295.82x
Enterprise value: $115.41B
Book value per share: $91.05

Price performance

Period	Change
1 day	-0.55%
5 days	-2.20%
1 month	-11.22%
3 months	+7.62%
6 months	-5.62%
Year to date	-27.11%
1 year	-27.97%
3 years	+145.86%
All time	+513.07%

Members of Congress who disclosed CEG trades

Jefferson Shreve · Lisa McClain · Shelley Moore Capito · John Boozman · Julie Johnson

Super investors holding CEG

Philippe Laffont (Coatue Management) · Ken Griffin (Citadel) · Dennis Hong (ShawSpring Partners LLC) · Ray Dalio (Bridgewater Associates) · George Soros (Soros Fund Mgmt)

Profitability and growth

Return on equity: 15.61%
Return on invested capital: 9.40%
Return on assets: 4.05%
Return on capital employed: 6.26%
Gross margin: 13.62%
Net margin: 10.23%
EBITDA margin: 25.09%
Revenue growth: 19.51%
Net income growth: -38.14%
Free cash flow growth: 125.61%

Cash flow and balance sheet

Free cash flow yield (TTM): 0.34%
Current ratio: 1.46x
Net debt to EBITDA: 2.92x

Latest reported year

Period end: 2025-12-31
Fiscal year: 2025
Revenue: $22.66B
Cost of revenue: $19.58B
Gross profit: $3.09B
EBITDA: $5.69B
Net income: $2.32B
Earnings per share: $7.40
Shares outstanding: 313.00M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	$22.66B	$3.09B	$2.32B	$7.40
2024-12-31	$18.96B	$4.35B	$3.75B	$11.91
2023-12-31	$20.84B	$1.61B	$1.62B	$5.02
2022-12-31	$21.57B	$495.00M	-$160.00M	$-0.49
2021-12-31	$17.25B	-	-$205.00M	$0.00
2020-12-31	$17.60B	$256.00M	$589.00M	$0.00

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-31	13.62%	10.23%	15.61%	9.40%
2024-12-31	22.95%	19.77%	27.69%	18.90%
2023-12-31	7.73%	7.79%	14.38%	3.99%
2022-12-31	2.29%	-0.74%	-1.41%	2.96%
2021-12-31	-	-1.19%	-1.77%	-1.96%
2020-12-31	1.45%	3.35%	4.01%	0.89%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$3.64B	$7.25B
2024-12-31	$3.02B	$7.38B
2023-12-31	$368.00M	$7.50B
2022-12-31	$422.00M	$4.47B
2021-12-31	$504.00M	$4.58B

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	$1.29B	$385.00M
2024-12-31	-$5.03B	$332.00M
2023-12-31	-$7.72B	$178.00M
2022-12-31	-$4.04B	$116.00M
2021-12-31	-$2.67B	$47.00M
2020-12-31	-$1.16B	$27.00M

Dividend history

Most recent payment: 2026-08-18
Paid in the last twelve months: $1.67

Payment date	Dividend per share
2026-08-18	$0.43
2026-05-15	$0.43
2026-03-09	$0.43
2025-11-17	$0.39
2025-08-18	$0.39
2025-05-16	$0.39
2025-03-07	$0.39
2024-11-15	$0.35

Investor relations

Next earnings report

Next confirmed report: 2026-11-06
Consensus EPS estimate: $3.99

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-08-06	Jun/2026	$2.36
2026-05-11	Mar/2026	$2.56
2026-02-24	Dec/2025	$2.20
2026-02-17	Dec/2025	$2.18
2025-11-07	Sep/2025	$3.13
2025-08-07	Jun/2025	$1.83
2025-05-06	Mar/2025	$2.14
2025-02-18	Dec/2024	$2.19

Filings and sources

Company website: constellationenergy.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

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