Saturday 17 October 2026 Export CEG’s income statement to Excel — free account

Constellation Energy Corporation

CEG Utilities Utilities Independent Power Producers

Constellation Energy Corporation’s revenue for fiscal 2025 (year ended December 2025) was $25.5 billion, up 8.34% from fiscal 2024. In the quarter to June 2026, revenue grew 23.0%, EPS fell 46.8%, free cash flow fell 116.6% and total debt rose 81.0%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for five consecutive years; insiders bought in the last twelve months.

271.37 3.63 −1.32%

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Market cap: $97.4B
P/E: 26.4×
Fwd P/E: 20.9×
Dividend yield: 0.61%
F-score: 6/9
Altman Z: 2.42
Beneish M: −2.37
Dividend safety: 78/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Share dilution Aug 6, 2026

All filings →

Insider Decisions trades per month

Total buys 0.42

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	1	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 5.95%

Capital & Financial Ratios $m

Market Cap 97,430.00

Revenue 31,270.00

Net Income 3,472.00

Free Cash Flow 309.00

Net Debt 18,397.00

Current Ratio 1.46

Debt/Equity 0.60

P/E ratio 26.42

Fwd P/E 20.90

P/S ratio 3.12

P/B ratio 3.02

Past 5Y EPS Growth 32.68%

This Y EPS Growth 28.38%

Next Y EPS Growth 10.28%

Next Y revenue growth 38.92%

Next 5Y EPS Growth 21.47%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 44.08%

10-year low 10-year high

P/S against its own 10 years 66.83%

10-year low 10-year high

P/B against its own 10 years 42.49%

10-year low 10-year high

EV/Sales against its own 10 years 68.77%

10-year low 10-year high

Dividends

Payout Ratio 0.16

Annual Dividend Rate 1.67

Annual Dividend Yield 0.61%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.71	0.43 0.43 0.43
2025	1.55	0.39 0.39 0.39 0.39
2024	1.41	0.35 0.35 0.35 0.35
2023	1.13	0.28 0.28 0.28 0.28
2022	0.56	0.14 0.14 0.14 0.14
2021	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	454	3,129	3,748	1,077
Receivables	2,851	3,718	4,266	4,661
Inventory	1,500	1,600	1,736	3,368
Other	3,494	2,329	2,369	9,859
	8,299	10,776	12,119	18,965

	2023	2024	2025	Q'26
Payables	2,612	3,943	4,294	4,432
ST’ Debt	121	1,028	92	363
Other	1,942	1,875	1,908	3,011
	6,319	6,846	7,944	13,032

Compound Annual Growth %

	10y	5y	3y
Sales	—	7.72%	1.47%
Cash Flow	—	48.64%	0.00%
Earnings	—	31.53%	0.00%
Book Value	—	0.24%	9.31%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	11,122	7,504	—	—	—
’25	6,788	6,101	6,570	6,074	25,533
’24	6,161	5,475	6,550	5,382	23,568
’23	7,565	5,446	6,111	5,796	24,918
’22	5,591	5,465	6,051	7,333	24,440
’21	5,559	4,153	4,406	5,531	19,649
’20	—	—	—	4,331	17,603

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	425	1,128	—	—	—
’25	107	1,477	1,848	805	4,237
’24	(723)	(613)	(112)	(1,016)	(2,464)
’23	(934)	(192)	(993)	(3,182)	(5,301)
’22	1,339	(76)	(1,194)	(2,422)	(2,353)
’21	(1,612)	1,255	1,331	(2,312)	(1,338)
’20	—	—	—	584	584

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(850)	(118)	—	—	—
’25	(699)	710	1,458	(181)	1,288
’24	(1,461)	(1,159)	(664)	(1,745)	(5,029)
’23	(1,570)	(892)	(1,392)	(3,869)	(7,723)
’22	957	(455)	(1,482)	(3,062)	(4,042)
’21	(1,314)	962	1,042	(2,479)	(1,789)
’20	—	—	—	(1,117)	(1,117)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	4.49	1.42	—	—	—
’25	0.38	2.67	2.97	1.38	7.40
’24	2.78	2.58	3.82	2.71	11.89
’23	0.29	2.56	2.26	(0.11)	5.01
’22	0.32	(0.34)	(0.57)	0.10	(0.49)
’21	—	—	—	0.13	(0.63)
’20	—	—	—	—	1.80

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	—	38.00	71.16	109.44	161.35	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	—	97.89	127.24	288.75	412.70
People
People	Employees	—	—	—	—	—	11,696	13,370	13,871	14,264	15,339
	Revenue/emp, $m	—	—	0.00	0.00	0.00	1.68	1.83	1.80	1.65	1.66
Income, $m
Income, $m	Revenue	—	—	20,437	18,924	17,603	19,649	24,440	24,918	23,568	25,533
	Gross margin, %	—	—	7.26	42.63	45.55	38.10	28.55	35.79	51.55	42.50
	EBT	—	—	365	1,917	836	152	(542)	2,447	4,516	3,511
	EBT margin, %	—	—	1.79	10.13	4.75	0.77	(2.22)	9.82	19.16	13.75
	Net income	—	—	370	1,217	579	(83)	(167)	1,577	3,738	2,323
	Depreciation	—	—	3,415	3,063	3,636	4,540	2,427	2,514	2,700	2,601
Per share, $
Per share, $	Revenue	—	—	62.50	57.87	53.83	60.09	74.51	77.15	74.82	81.58
	Earnings	—	—	1.13	3.44	1.80	(0.63)	(0.49)	5.02	11.91	7.40
	Cash flow	—	—	11.81	8.79	1.79	(4.09)	(7.17)	(16.41)	(7.82)	13.54
	Capex	—	—	0.00	(5.48)	(5.20)	(1.38)	(5.15)	(7.50)	(8.14)	(9.42)
	Free cash flow	—	—	11.81	3.30	(3.42)	(5.47)	(12.32)	(23.91)	(15.97)	4.12
	Book value	—	—	0.00	0.00	44.88	35.52	34.67	34.94	42.98	47.45
	Shares, m	—	—	327	327	327	327	328	323	315	313
Valuation, ×
Valuation, ×	P/E	—	—	0.00	0.00	0.00	0.00	0.00	22.96	18.77	47.67
	P/S	—	—	0.70	0.70	0.70	0.70	1.10	1.49	2.99	4.33
	P/B	—	—	1.18	1.18	1.18	1.18	2.36	3.30	5.20	7.44
	EV/Sales	—	—	0.98	0.98	0.98	0.98	1.39	1.91	3.21	4.47
	EV/FCF	—	—	(10.77)	(10.77)	(10.77)	(10.77)	(8.41)	(6.16)	(15.06)	88.64
Cash, $m
Cash, $m	Operating cash flow	—	—	3,861	2,873	584	(1,338)	(2,353)	(5,301)	(2,464)	4,237
	Capex	—	—	(2,242)	(1,793)	(1,701)	(451)	(1,689)	(2,422)	(2,565)	(2,949)
	Free cash flow	—	—	3,861	1,080	(1,117)	(1,789)	(4,042)	(7,723)	(5,029)	1,288
Balance, $m
Balance, $m	Working capital	—	—	—	(213)	1,728	(15)	1,521	1,980	3,930	4,175
	Total debt	—	—	—	8,294	6,372	6,114	7,640	10,826	8,412	7,342
	Net debt	—	—	—	7,845	6,057	5,538	7,112	10,372	5,283	3,594
	Shareholders’ equity	—	—	—	—	14,676	11,614	11,372	11,286	13,539	14,853
Returns, %
Returns, %	ROA	—	—	0.00	4.68	2.45	(0.43)	(0.34)	3.32	7.23	4.21
	ROIC	—	—	—	10.54	0.77	(1.26)	1.67	4.65	14.45	10.46
	ROE	—	—	0.00	0.00	4.18	(1.56)	(1.39)	14.33	30.20	16.34

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
CEG Constellation Energy Corporation	$97.4B	26.4×	20.9×	+23.00% (above 0%: growing)	−46.82% (below 0%: shrinking)	−116.62% (below 0%: shrinking)	46.39%	7.73%
VST Vistra Corp.	$51.7B	25.3×	15.3×	−5.48% (below 0%: shrinking)	−6.10% (below 0%: shrinking)	+401.69% (above 0%: growing)	34.60%	13.77%	Compare
NRG NRG Energy, Inc.	$21.6B	27.3×	14.9×	+10.99% (above 0%: growing)	n/m	+8,715.12% (above 0%: growing)	26.88%	13.05%	Compare
TLN Talen Energy Corporation	$16.7B	— (loss-making)	17.5×	+18.57% (above 0%: growing)	n/m	−176.92% (below 0%: shrinking)	49.40%	(9.64%)	Compare
OKLO Oklo Inc.	$5.6B	— (loss-making)	—	—	n/m	−632.29% (below 0%: shrinking)	40.41%	(6,048.76%)	Compare
KEN Kenon Holdings Ltd.	$3.3B	22.5×	5.7×	+93.37% (above 0%: growing)	+750.00% (above 0%: growing)	−3,783.33% (below 0%: shrinking)	22.16%	15.04%	Compare
HNRG Hallador Energy Company	$599.2M	293×	21.4×	−1.28% (below 0%: shrinking)	n/m	−3,158.67% (below 0%: shrinking)	33.82%	(12.05%)	Compare
DGXX Digi Power X Inc.	$284.8M	— (loss-making)	— (loss-making)	−18.28% (below 0%: shrinking)	n/m	−850.98% (below 0%: shrinking)	(83.34%)	(153.44%)	Compare
Median of peers	$5.6B	26.3×	15.3×	+4.85%	—	−632.29%	33.82%	(9.64%)

All 8 Utilities Independent Power Producers stocks →

Constellation Energy Corporation (CEG) key facts

Concern: Net income was $2.3 billion, or $7.40 per share (basic), a net margin of 9.08%.
Strength: Constellation Energy Corporation’s revenue for fiscal 2025 (year ended December 2025) was $25.5 billion, up 8.34% from fiscal 2024.
Constellation Energy Corporation (CEG) is an Utilities Independent Power Producers company in the Utilities sector, listed on Nasdaq.
As of October 16, 2026, CEG traded at $271.37, a market capitalization of $97.4 billion.
At that price the stock trades at 26.4× trailing-twelve-month earnings and 3.1× sales; its P/E is higher than 44% of its own readings over the past ten years.
Constellation Energy Corporation pays an annual dividend of $1.67 per share, a yield of 0.61%, with a payout ratio of 16.3%.
Return on equity was 16.3% and debt-to-equity 0.60.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 2.42 (grey zone) for fiscal 2025.