CEGNasdaqElectric ServicesFiscal year ends December 31
Constellation Energy Corp
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$263.19−8.18 (-3.01%)
Close on Oct 19, 2026
- Market cap
- $94.75B
- P/E (TTM)
- 25.7
- Dividend yield
- 0.15%
Margins
Share of revenue, fiscal years 2019 to 2025
Operating margin
12.1%+10.6 pts over 5 years
Net margin
9.1%+5.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +8.3% | +1.5% | +7.7% | – | |
| Operating income | -29.1% | +84.0% | +64.5% | – | |
| Net income | -38.1% | – | +31.5% | – | |
| EPS, diluted | -37.8% | – | – | – | |
| Dividend per share | +10.0% | +40.1% | – | – |
Returns and balance sheet
7 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 16.8% | |
| Return on assets | – | – | 4.2% | |
| Current ratio | – | – | 1.53 | |
| Debt to equity | – | – | 0.62 | |
| Net debt to EBITDA | – | – | 0.94× | |
| Interest coverage | – | 0.8× | 6.0× | |
| Capex to revenue | – | 9.9% | 11.5% | |
| Diluted shares | – | 0M | 314M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Constellation Energy generated $15.69B from operations and spent $14.83B on capital expenditure, dividends and share buybacks. 74% of that went back into the business.
Generated
$15.69B
Used
$14.83B
Capital expenditure$10.95B74%Dividends$1.48B10%Share buybacks$2.39B16%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin9.1%
×Asset turnover0.46×
×Equity multiplier3.98×
=Return on equity, FY202516.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 9.1% | 0.46× | 3.98× | 16.8% |
| FY2024 | 15.9% | 0.45× | 4.30× | 31.1% |
| FY2023 | 6.5% | 0.51× | 4.45× | 14.8% |
| FY2022 | -0.7% | 0.51× | 4.27× | -1.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$2.32B
- Cash generatingOperating cash flow above zero$4.24B
- Return on assets improvedROA up on the prior year7.4% → 4.4%
- Earnings backed by cashOperating cash flow above net income$4.24B vs $2.32B
- Less leverageLong-term debt to assets fell14.0% → 12.7%
- Better liquidityCurrent ratio rose1.57 → 1.53
- No dilutionShare count did not rise315M → 314M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.46 → 0.48