Constellation Energy Corporation (CEG) vs Oklo Inc. (OKLO)

Constellation Energy Corporation and Oklo Inc. are both Utilities Independent Power Producers companies. Constellation Energy Corporation is the larger, with a market value of $92.8B against $7.2B — 12.9× the size. Oklo Inc. has negative trailing earnings, so its P/E is not meaningful; Constellation Energy Corporation trades at 25.6×. Constellation Energy Corporation has the higher net margin (11.1% vs 0.00%) and the higher return on invested capital (5.66% vs −17.0%). Across the 13 metrics below, Constellation Energy Corporation leads on 9 and Oklo Inc. on 4.

Valuation

Metric CEG OKLO Utilities Independent Power Producers median
P/E 25.63 n/m 25.63
P/S 3.03 n/m 2.78
P/B 2.93 2.05 3.29
Price to free cash flow 306.72 n/m —
EV/EBITDA 13.69 n/m 13.69
EV/Sales 3.62 n/m 3.62
Earnings yield 3.90% (2.47%) 2.03%
Free cash flow yield 0.33% (4.11%) (1.89%)

Profitability

Metric CEG OKLO Utilities Independent Power Producers median
Gross margin 43.91% — 37.99%
Operating margin 14.70% 0.00% 4.83%
Net margin 11.08% 0.00% 1.18%
Free cash flow margin 0.99% 0.00% 0.50%
Return on equity 15.02% (7.70%) 1.70%
Return on assets 4.58% (7.47%) 0.93%
Return on invested capital 5.66% (17.00%) 2.93%

Growth

Metric CEG OKLO Utilities Independent Power Producers median
Revenue growth (TTM) 25.98% — 12.80%
EPS growth (last fiscal year) (37.76%) 2.70% —
Revenue growth, 5-year CAGR 7.72% — 15.82%
Net income growth, 5-year CAGR 31.53% — 1.71%

Health

Metric CEG OKLO Utilities Independent Power Producers median
Debt to equity 0.60 0.00 0.74
Current ratio 1.46 48.46 1.21
Net debt to EBITDA 0.63 8.63 3.88

Dividend

Metric CEG OKLO Utilities Independent Power Producers median
Dividend yield 0.88% — —
Payout ratio 0.36 0.00 0.17

Size

Metric CEG OKLO Utilities Independent Power Producers median
Market cap 92.84b 7.21b 11.01b

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