Constellation Energy Corp CEG

Utilities SIC 4911 - Electric Services NAICS Utilities › Electric Power Generation, Transmission and Distribution derived Nasdaq

On February 21, 2021, the Board of Directors of Exelon authorized management to pursue a plan to separate its competitive generation and customer-facing energy businesses, conducted through Constellation and its subsidiaries, into an independent, publicly traded company. CEG Parent, a Pennsylvania corporation and a direct, wholly owned subsidiary of Exelon, was newly formed for the purpose of separation and had not engaged in any activities except in preparation for the distribution. On February 1, 2022, Exelon completed the separation by distributing all the outstanding shares of the Company's common stock, on a pro rata basis to the holders of Exelon's common stock, with the Company holding all the interests in Constellation previously held by Exelon (the "Separation"). As of 2002, Constellation has been an individual registrant concurrent with the registration of its public debt under the Securities Act. As an individual registrant, Constellation has historically filed consolidated financial statements to reflect their financial position and operating results as a stand-alone, wholly owned subsidiary of Exelon.

Last close 253.45 2026-10-23
Market cap $89.80B 2026-06-30 share count
52-week range 228.63 - 406.04

Valuation FY2025 figures against the last close

P/S4.0x
P/E34.2x
P/FCF69.7x
EV/EBITDA16.4x
Dividend yield0.5%
Diluted EPS7.40

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Revenue $22.66B$18.96B$20.84B$21.57B$17.25B$16.39B—
Total operating expenses $22.45B$19.29B$23.34B$23.95B$20.20B$17.36B—
Operating income $3.09B$4.35B$1.61B$495.0M-$346.0M$256.0M—
Interest expense $511.0M$506.0M$431.0M$250.0M$282.0M$328.0M—
Pre-tax income $3.51B$4.52B$2.45B-$542.0M$152.0M$836.0M—
Income tax $1.19B$774.0M$859.0M$388.0M$225.0M$249.0M—
Net income $2.32B$3.75B$1.62B-$160.0M-$205.0M$589.0M—
EPS, basic 7.4011.915.02-0.490.000.00—
EPS, diluted 7.4011.895.01-0.490.000.00—
Shares, diluted (wtd. avg.) 314.0M315.0M324.0M329.0M00—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Cash and equivalents $3.64B$3.02B$368.0M$528.0M$576.0M$327.0M$303.0M
Receivables $4.27B$3.72B$1.93B$2.58B$1.67B——
Inventory $1.74B$1.60B—————
Total current assets $12.12B$10.78B$8.30B$9.36B$7.98B——
Property, plant and equipment $22.47B$21.23B$22.12B$19.82B$19.61B——
Goodwill $420.0M$420.0M$425.0M$47.0M———
Other intangibles $201.0M$236.0M$336.0M$343.0M$381.0M——
Total assets $57.25B$52.93B$50.76B$46.91B$48.09B——
Accounts payable $2.81B$2.37B$1.30B$2.83B$1.76B——
Short-term debt $92.0M$1.03B$121.0M$143.0M$200.0M——
Total current liabilities $7.94B$6.85B$6.32B$7.84B$8.00B——
Long-term debt $7.25B$7.38B$7.50B$4.47B$4.58B——
Total liabilities $42.40B$39.39B$39.47B$35.54B$36.47B——
Retained earnings $5.90B$4.07B$761.0M-$496.0M$0——
Total equity $14.52B$13.17B$11.29B$11.37B$11.61B$14.68B$15.83B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Operating cash flow $4.24B-$2.46B-$5.30B-$2.35B-$1.34B$584.0M—
Depreciation and amortisation $2.60B$2.70B$2.51B$2.43B$4.54B$3.64B—
Capital expenditure $2.95B$2.56B$2.42B$1.69B$1.33B$1.75B—
Investing cash flow -$3.20B$7.43B$3.03B$3.10B$3.28B$1.96B—
Financing cash flow -$420.0M-$2.29B$2.20B-$799.0M-$1.70B-$2.66B—
Dividends paid $486.0M$444.0M$366.0M$185.0M$0$0—
Buybacks $400.0M$999.0M$992.0M$0$0——

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001868275-26-000032.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -10B 0 10B 20B 30B Revenue, FY2020: 16.4B Net income, FY2020: 589M Revenue, FY2021: 17.3B Net income, FY2021: -205M Revenue, FY2022: 21.6B Net income, FY2022: -160M Revenue, FY2023: 20.8B Net income, FY2023: 1.6B Revenue, FY2024: 19B Net income, FY2024: 3.7B Revenue, FY2025: 22.7B Net income, FY2025: 2.3B FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $16.39B $17.25B $21.57B $20.84B $18.96B $22.66B
Gross profit — — — — — — —
Net income — $589.0M -$205.0M -$160.0M $1.62B $3.75B $2.32B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event Item 8.01
  • Regulation FD disclosure Item 7.01
  • Officer or director change Item 5.02
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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