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Constellation EnergyCEG

Electric Utilities · Baltimore, Maryland · In the S&P 500
Solid businessPricier than peers
$262.38−0.83%After hours: $262.87 (+0.19%)At the close, 30 Oct · Prices from CNBC, may be delayed
▼ 34.6% over 1 year
Constellation Energy over 1 yearDaily close, $, to 30 Oct 2026
$250$300$350$400Nov2026MarMayJulSep$262.38$300$400NovMarJul$262.38
Source: Nasdaq daily closes
Market value$92.96B
Price to earnings25.6x
Forward P/E21.4x
Dividend yield0.65%
Year to date−25.7%
One year−34.6%
Next earningsMon 9 Nov, before the open
SectorUtilities
52-week range (closes)
$236.50$382.48

Quality and valuation

How Constellation Energy compares with other utilities stocks. A description, not a recommendation.

Constellation Energy and 7 electric utilities peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: about averageValuation: pricier than most

An average business among utilities companies, priced above most of them.

Constellation Energy trades at 21.4 times the next 12 months of expected earnings, against a median of 18.6x for the 33 utilities stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew faster than the sector median: +26.0% vs +8.3%
  • Less profitable (operating margin): 14.7% vs 23.0%
  • Turns more of its sales into cash: 1.0% vs −14.5%
CEG trades at 21.4x forward earnings, above the sector medianForward p/e, Electric Utilities peers
VST15.1xEXC15.7xDUK18.8xAEP19.6xSO20.1xCEG21.4xWEC21.9xETR23.4xSector median 18.6xVST15.1xEXC15.7xDUK18.8xAEP19.6xSO20.1xCEG21.4xWEC21.9xETR23.4xSector median 18.6x
Source: CNBC quotes; Mostly Markets
At 25.6x earnings, CEG is cheaper than its average since Aug 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
20x30x40xAverage 30.7x2025202625.6x20x40xAverage 30.7x2025202625.6x
Source: Nasdaq prices; SEC filings

Financials

From Constellation Energy's SEC filings, through the quarter ending 30 Jun 2026. Hover or tap a bar for its value.

Revenue grew 23.0% from a year earlierQuarterly revenue, $bn, latest Q2 ’26
$0bn$5bn$10bnQ3 ’24Q1 ’25Q3 ’25$7.5bnQ2 ’26$0bn$5bn$10bnQ3 ’24Q1 ’25Q3 ’25$7.5bnQ2 ’26
Source: SEC filings
Growth slowed to +23.0% last quarterRevenue growth, year on year, %
0%20%40%60%Q3 ’24Q1 ’25Q3 ’2523.0%Q2 ’260%25%50%Q3 ’24Q1 ’25Q3 ’2523.0%Q2 ’26
Source: SEC filings
Operating margin was 7.7% last quarterOperating income as a share of revenue, %
0%10%20%Q3 ’24Q1 ’25Q3 ’257.7%Q2 ’260%10%20%Q3 ’24Q1 ’25Q3 ’257.7%Q2 ’26
Source: SEC filings
Free cash flow was $309 million over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $bn
$-1bn$0bn$1bnQ3 ’24Q1 ’25Q3 ’25−$0.1bnQ2 ’26$0bnQ3 ’24Q1 ’25Q3 ’25−$0.1bnQ2 ’26
Source: SEC filings
Last 12 monthsCEGSector median
Revenue growth+26.0%+8.3%
Operating margin14.7%23.0%
Free cash flow margin1.0%−14.5%
Price to earnings25.6x21.1x

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Similar companies

Electric Utilities, by market value.

CompanyPriceTodayYTDValue
SOSouthern$93.71+0.77%+7.5%$108B
DUKDuke Energy$127.39+1.18%+8.7%$99.33B
AEPAmerican Electric Power$130.21+0.67%+12.9%$70.90B
ETREntergy$110.11+0.13%+19.1%$52.61B
EXCExelon$46.16+0.54%+5.9%$47.65B
VSTVistra$138.37−1.83%−14.2%$46.44B
WECWEC Energy Group$116.07+1.26%+10.1%$37.82B
PEGPublic Service Enterprise Group$74.29+0.90%−7.5%$37.03B