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Constellation Energy Corporation logo

Constellation Energy Corporation

CEG

NASDAQUtilitiesIndependent Power Producers

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$272.88

−$0.04 · -0.01%

Aug 21, 4:00 PM ET

CEG company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

87

Deep Value

Momentum

26

Weakening

Sentiment

78

Bullish

Risk resilience

51

Elevated Risk

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Company profile

Company website

Constellation Energy Corporation operates as a U.S.-based firm dedicated to producing and distributing electricity. Its activities are organized across five primary geographical segments: the Mid-Atlantic, Midwest, New York, ERCOT, and various other power markets. In addition to electrical power, the company supplies natural gas, sustainable energy solutions, and an array of associated energy products and services. Possessing a significant generation capability of 32,400 megawatts, its power portfolio incorporates diverse sources such as nuclear, wind, solar, natural gas, and hydroelectric facilities. The company serves a wide spectrum of clients, including utility distributors, local government bodies, cooperatives, along with commercial, industrial, public sector, and household consumers. Founded in 2021, its corporate headquarters are situated in Baltimore, Maryland. Constellation Energy Corporation previously operated as a subsidiary of Exelon Corporation.

Industry
Independent Power Producers
Sector
Utilities
Headquarters
US
CEO
Joseph Dominguez
Listed since
Jan 19, 2022
Employees
15,315

Market position

Day range

Current $272.88

52-week range

Current $272.88

Open
$275.5
Previous close
$272.92
Volume
2.03M
0.6× average
Average volume
3.37M
Average daily volume
Market cap
97.99B USD
Beta
1.12
Market reference 1
50-day average
$263.12
+3.71% above average
200-day average
$299.84
-8.99% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
115.82B USD
EV / EBITDA
23.13×
Earnings yield
2.10%
Free cash flow yield
1.16%

Profitability & efficiency

Return on equity
15.97%
Return on assets
4.05%
Return on invested capital
4.00%

Financial health

Current ratio
1.53×
Altman Z-score
1.59
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends84%53%22%-10%Gross margin, FY2021: 13.97%Gross margin, FY2022: 8.74%Gross margin, FY2023: 13.26%Gross margin, FY2024: 25.42%Gross margin, FY2025: 75.83%Operating margin, FY2021: -1.76%Operating margin, FY2022: 2.03%Operating margin, FY2023: 6.46%Operating margin, FY2024: 18.47%Operating margin, FY2025: 12.09%Net margin, FY2021: -1.04%Net margin, FY2022: -0.65%Net margin, FY2023: 6.51%Net margin, FY2024: 15.91%Net margin, FY2025: 9.08%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 13.97%. Gross margin FY2022 8.74%. Gross margin FY2023 13.26%. Gross margin FY2024 25.42%. Gross margin FY2025 75.83%. Operating margin FY2021 -1.76%. Operating margin FY2022 2.03%. Operating margin FY2023 6.46%. Operating margin FY2024 18.47%. Operating margin FY2025 12.09%. Net margin FY2021 -1.04%. Net margin FY2022 -0.65%. Net margin FY2023 6.51%. Net margin FY2024 15.91%. Net margin FY2025 9.08%.

Income trends

Revenue

25.53B USD+8.34%

Operating income

3.09B USD-29.09%

Net income

2.32B USD-38.14%
Income trends across reported periods28.12B USD17.77B USD7.42B USD−2.93B USDRevenue, FY2021: 19.65B USDRevenue, FY2022: 24.44B USDRevenue, FY2023: 24.92B USDRevenue, FY2024: 23.57B USDRevenue, FY2025: 25.53B USDOperating income, FY2021: −346M USDOperating income, FY2022: 495M USDOperating income, FY2023: 1.61B USDOperating income, FY2024: 4.35B USDOperating income, FY2025: 3.09B USDNet income, FY2021: −205M USDNet income, FY2022: −160M USDNet income, FY2023: 1.62B USDNet income, FY2024: 3.75B USDNet income, FY2025: 2.32B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 19.65B USD. Revenue FY2022 24.44B USD. Revenue FY2023 24.92B USD. Revenue FY2024 23.57B USD. Revenue FY2025 25.53B USD. Operating income FY2021 −346M USD. Operating income FY2022 495M USD. Operating income FY2023 1.61B USD. Operating income FY2024 4.35B USD. Operating income FY2025 3.09B USD. Net income FY2021 −205M USD. Net income FY2022 −160M USD. Net income FY2023 1.62B USD. Net income FY2024 3.75B USD. Net income FY2025 2.32B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue25.53B USD23.57B USD24.92B USD24.44B USD19.65B USD
Cost of goods sold6.16B USD17.58B USD21.62B USD22.3B USD16.9B USD
Gross profit19.36B USD5.99B USD3.3B USD2.14B USD2.75B USD
Selling, general, and administrative—8M USD54M USD——
Operating expenses16.28B USD1.64B USD1.69B USD1.64B USD3.09B USD
Interest expense511M USD506M USD431M USD251M USD297M USD
Depreciation and amortization985M USD2.7B USD2.51B USD2.43B USD2.59B USD
Operating income3.09B USD4.35B USD1.61B USD495M USD−346M USD
Net income2.32B USD3.75B USD1.62B USD−160M USD−205M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
64%
7 beats, 4 misses, 0 met estimates
Average EPS surprise
-2.99%
11 comparable reports
Latest EPS result
2.55
Estimate 2.29 · Beat by 11.35%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates3.823.112.41.69Q1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 18, 2025: actual 2.44, estimate 2.16, surprise +12.96%, Beat. Q2 2025, reported May 6, 2025: actual 2.14, estimate 2.18, surprise -1.83%, Miss. Q3 2025, reported Aug 7, 2025: actual 1.91, estimate 1.84, surprise +3.80%, Beat. Q4 2025, reported Nov 7, 2025: actual 3.04, estimate 3.11, surprise -2.25%, Miss. Q1 2026, reported Feb 24, 2026: actual 2.3, estimate 2.28, surprise +0.88%, Beat. Q2 2026, reported May 11, 2026: actual 2.74, estimate 2.56, surprise +7.03%, Beat. Q3 2026, reported Aug 6, 2026: actual 2.55, estimate 2.29, surprise +11.35%, Beat. Q4 2026, reported Nov 9, 2026: actual —, estimate 3.67, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates11.62B9.22B6.81B4.41BQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 18, 2025: actual 5.38B USD, estimate 6.56B USD, surprise -18.01%, Miss. Q2 2025, reported May 6, 2025: actual 6.79B USD, estimate 5.56B USD, surprise +22.07%, Beat. Q3 2025, reported Aug 7, 2025: actual 6.1B USD, estimate 4.91B USD, surprise +24.36%, Beat. Q4 2025, reported Nov 7, 2025: actual 6.57B USD, estimate 6.2B USD, surprise +5.94%, Beat. Q1 2026, reported Feb 24, 2026: actual 6.07B USD, estimate 5.6B USD, surprise +8.42%, Beat. Q2 2026, reported May 11, 2026: actual 11.12B USD, estimate 8.46B USD, surprise +31.50%, Beat. Q3 2026, reported Aug 6, 2026: actual 7.5B USD, estimate 7.73B USD, surprise -2.93%, Miss. Q4 2026, reported Nov 9, 2026: actual —, estimate 9.16B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

21 ratings
Strong buy00%
Buy1571%
Hold629%
Sell00%
Strong sell00%

Recent analyst actions

12 institutions
Argus ResearchmaintainBuy
Goldman SachsdowngradeBuyNeutral

ETFs holding CEG

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
2.71B
Weight
0.12%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard S&P 500 ETF logoVanguard S&P 500 ETFVOO
Market value
2.21B
Weight
0.13%
AUM
1.7T USD
Expense ratio
0.03%
Price / 1D
$703.71+0.39%
Invesco QQQ Trust, Series 1 logoInvesco QQQ Trust, Series 1QQQ
Market value
2.12B
Weight
0.44%
AUM
485.41B USD
Expense ratio
0.18%
Price / 1D
$713.44+0.35%
Vanguard Morningstar Mid-Cap ETF logoVanguard Morningstar Mid-Cap ETFVO
Market value
1.84B
Weight
0.82%
AUM
224.7B USD
Expense ratio
0.03%
Price / 1D
$82.97+0.53%
State Street Utilities Select Sector SPDR ETF logoState Street Utilities Select Sector SPDR ETFXLU
Market value
1.44B
Weight
6.39%
AUM
22.48B USD
Expense ratio
0.08%
Price / 1D
$42.77-2.28%
iShares Core S&P 500 ETF logoiShares Core S&P 500 ETFIVV
Market value
1.18B
Weight
0.13%
AUM
891.84B USD
Expense ratio
0.03%
Price / 1D
$769.31+0.39%
State Street SPDR S&P 500 ETF logoState Street SPDR S&P 500 ETFSPY
Market value
1.09B
Weight
0.13%
AUM
817.87B USD
Expense ratio
0.09%
Price / 1D
$765.72+0.41%
Vanguard Morningstar Value ETF logoVanguard Morningstar Value ETFVTV
Market value
811.47M
Weight
0.32%
AUM
256.5B USD
Expense ratio
0.03%
Price / 1D
$226.4+0.54%

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