Constellation Energy
CEG
299.59
-0.81
-0.27%
Constellation Energy
US · CEG
#217 by market cap
Listed 2022
299.59
-0.81
-0.27%
Live - 5344 symbols - heartbeat 250s ago
· 2026-10-08 08:29
Pre-market
297.00
-0.86%
After-hours
299.75
+0.05%
Overnight
297.33
-0.75%
- Market cap
- 106.15B
- P/E (TTM)i
- 29.29
- P/Bi
- 3.32
- EPSi
- 7.40
- Div yieldi
- 0.54%
- 52W posi
- 39%
Reader sentiment
Are you bullish or bearish on CEG?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Fair
- Altman Z-Score is 2.42, in the 1.8-3.0 "grey zone".
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +8.34% YoY
Margins
- Gross margin
- 18.38%
- Operating margin
- 16.44%
- Net margin
- 9.08%
Key ratios & quality
- Enterprise valuei
- 111.50B
- Altman Z-Scorei
- 2.42
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 20.44B | 18.92B | 17.60B | 19.65B | 24.44B | 24.92B | 23.57B | 25.53B |
| Gross profit | 3.28B | 3.35B | 2.85B | 2.93B | 2.14B | 3.23B | 5.99B | 4.69B |
| Selling & admin expenses | -- | -- | -- | -- | -- | -- | -- | -- |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 927.00M | 1.30B | 425.00M | 362.00M | -408.00M | 2.39B | 4.85B | 4.20B |
| Pretax profit | 365.00M | 1.92B | 836.00M | 152.00M | -542.00M | 2.45B | 4.52B | 3.51B |
| Tax | -108.00M | 516.00M | 249.00M | 225.00M | -388.00M | 859.00M | 774.00M | 1.19B |
| Net profit | 443.00M | 1.22B | 579.00M | -83.00M | -167.00M | 1.58B | 3.74B | 2.32B |
| Basic EPS | 1 | 3 | 2 | -1 | 0 | 5 | 12 | 7 |
| Diluted EPS | 1.13 | 3.45 | 1.81 | -0.63 | -0.49 | 5.01 | 11.89 | 7.40 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 6.79B | 6.10B | 6.57B | 6.07B | 11.12B | 7.50B |
| Gross profit | 859.00M | 1.35B | 1.49B | 990.00M | 2.99B | 1.23B |
| Selling & admin expenses | -- | -- | -- | -- | -- | -- |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 348.00M | 502.00M | 1.46B | 806.00M | 2.27B | -47.00M |
| Pretax profit | 151.00M | 1.27B | 1.40B | 692.00M | 2.13B | 900.00M |
| Tax | 22.00M | 440.00M | 466.00M | 259.00M | 530.00M | 398.00M |
| Net profit | 129.00M | 833.00M | 929.00M | 432.00M | 1.60B | 508.00M |
| Basic EPS | 0 | 3 | 3 | 1 | 4 | 1 |
| Diluted EPS | 0.38 | 2.67 | 2.97 | 1.38 | 4.49 | 1.42 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | -- | 7.08B | 6.95B | 7.98B | 9.36B | 8.30B | 10.78B | 12.12B |
| Cash & ST investments | -- | 303.00M | 226.00M | 504.00M | 422.00M | 368.00M | 3.02B | 3.64B |
| Inventory | -- | 1.26B | 1.21B | 1.29B | 1.51B | 1.50B | 1.60B | 1.74B |
| Total assets | -- | 49.00B | 48.09B | 48.09B | 46.91B | 50.76B | 52.93B | 57.25B |
| Total current liabilities | -- | 7.29B | 5.22B | 8.00B | 7.84B | 6.32B | 6.85B | 7.94B |
| Short-term debt | -- | 3.50B | 1.32B | 3.30B | 1.30B | 1.77B | 1.03B | 1.74B |
| Long-term debt | -- | 4.79B | 5.89B | 4.89B | 4.47B | 7.50B | 7.38B | 7.25B |
| Total liabilities | -- | 33,165,000,000.00 | 33,418,000,000.00 | 36,472,000,000.00 | 35,537,000,000.00 | 39,472,000,000.00 | 39,387,000,000.00 | 42,396,000,000.00 |
| Total equity | -- | 15.83B | 14.68B | 11.61B | 11.37B | 11.29B | 13.54B | 14.85B |
| Retained earnings | -- | 3.95B | 2.81B | 0 | -496.00M | 761.00M | 4.07B | 5.90B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 9.63B | 9.23B | 11.65B | 12.12B | 18.01B | 18.97B |
| Cash & ST investments | 1.85B | 1.97B | 3.96B | 3.64B | 800.00M | 697.00M |
| Inventory | 1.50B | 1.59B | 1.66B | 1.74B | 2.58B | 3.37B |
| Total assets | 52.25B | 53.04B | 56.16B | 57.25B | 96.91B | 98.25B |
| Total current liabilities | 6.55B | 6.26B | 7.46B | 7.94B | 13.22B | 13.03B |
| Short-term debt | 1.04B | 1.03B | 1.77B | 1.74B | 5.47B | 5.59B |
| Long-term debt | 7.32B | 7.29B | 7.27B | 7.25B | 16.99B | 19.11B |
| Total liabilities | 38,918,000,000.00 | 39,235,000,000.00 | 41,469,000,000.00 | 42,396,000,000.00 | 63,091,000,000.00 | 65,931,000,000.00 |
| Total equity | 13.33B | 13.80B | 14.69B | 14.85B | 33.82B | 32.32B |
| Retained earnings | 4.06B | 4.78B | 5.59B | 5.90B | 7.33B | 7.69B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 3.86B | 2.87B | 584.00M | -1.34B | -2.35B | -5.30B | -2.46B | 4.24B |
| Depreciation & amortization | 3.42B | 3.06B | 3.64B | 4.00B | 1.85B | 1.88B | 2.01B | 1.94B |
| Free cash flow | 1.62B | 1.03B | -1.16B | -2.67B | -4.04B | -7.72B | -5.03B | 1.29B |
| Dividends paid | -1.00B | -899.00M | -1.73B | -1.83B | -185.00M | -366.00M | -444.00M | -486.00M |
| Stock buybacks / issuance | -- | -- | -- | 0 | 0 | -992.00M | -999.00M | -400.00M |
| Ending cash balance | 903.00M | 449.00M | 327.00M | 576.00M | 528.00M | 454.00M | 3.13B | 3.75B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 107.00M | 1.48B | 1.85B | 805.00M | 425.00M | 1.13B |
| Depreciation & amortization | 480.00M | 490.00M | 485.00M | 482.00M | 672.00M | 695.00M |
| Free cash flow | -699.00M | 710.00M | 1.46B | -181.00M | -850.00M | -118.00M |
| Dividends paid | -122.00M | -122.00M | -121.00M | -121.00M | -155.00M | -154.00M |
| Stock buybacks / issuance | 0 | -400.00M | 0 | 0 | -- | -- |
| Ending cash balance | 1.94B | 2.06B | 4.09B | 3.75B | 1.17B | 1.08B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -- | 8.34 | 4.55 | -1.74 | -1.44 | 14.79 | 31.12 | 16.75 |
| ROA %i | -- | 2.30 | 1.21 | -0.43 | -0.34 | 3.32 | 7.23 | 4.21 |
| ROIC %i | -- | 6.61 | 4.06 | -0.31 | -0.19 | 10.29 | 19.96 | 11.79 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | 4.90 | 9.46 | 11.90 |
| EBIT margin %i | 3.90 | 12.40 | 6.78 | 2.29 | -1.19 | 11.55 | 21.31 | 15.75 |
| FCF / sales %i | 7.92 | 5.43 | -- | -- | -- | -- | -- | 5.04 |
| Current ratioi | -- | 0.97 | 1.33 | 1.00 | 1.19 | 1.31 | 1.57 | 1.53 |
| Quick ratioi | -- | 0.56 | 0.39 | 0.37 | 0.48 | 0.51 | 0.98 | 1.00 |
| Debt / assetsi | -- | 16.93 | 15.00 | 17.04 | 12.30 | 18.25 | 15.89 | 15.71 |
| LT debt / equityi | -- | 35.54 | 47.50 | 43.62 | 40.53 | 68.61 | 56.08 | 49.94 |
| Interest coveragei | 1.84 | 5.47 | 3.34 | 1.51 | -1.16 | 6.68 | 9.92 | 7.87 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -1.30 | 8.90 | 12.28 | 6.25 | 1.47 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | 40.20 | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 24.71 | 24.20 | 20.35 | 16.75 | 16.33 | 15.26 |
| ROA %i | 5.72 | 5.77 | 5.07 | 4.21 | 5.08 | 4.58 |
| ROIC %i | 16.08 | 16.04 | 13.99 | 11.79 | 10.92 | 10.19 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 17.13 | 17.84 | 16.77 | 15.75 | 20.43 | 18.85 |
| FCF / sales %i | -- | -- | -- | 5.04 | 3.81 | 0.99 |
| Current ratioi | 1.47 | 1.48 | 1.56 | 1.53 | 1.36 | 1.46 |
| Quick ratioi | 0.84 | 0.88 | 1.04 | 1.00 | 0.39 | 0.41 |
| Debt / assetsi | 16.00 | 15.67 | 16.09 | 15.71 | 23.18 | 25.14 |
| LT debt / equityi | 56.51 | 54.19 | 50.66 | 49.94 | 50.75 | 59.76 |
| Interest coveragei | 7.89 | 8.84 | 8.54 | 7.87 | 9.88 | 7.53 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Diversified
- Calpine is the largest reported line at 28.61% of revenue, across 7 reported segments.
- No single line clears half of revenue; Midwest is next at 20.90%, spreading the business across more than one real driver.
Revenue breakdown most recent period
Business
Calpine28.61%
Midwest20.90%
Mid-Atlantic20.72%
Other Power Regions12.85%
New York7.52%
Electric Reliability Council of Texas (ERCOT)5.94%
Other3.46%
Quote time 2026-10-08 08:29:43 · For reference only, not investment advice and not tailored to your situation.