CEG — Constellation Energy Corporation $248.37

Generated 2026-06-30 21:50
USAIND

Quality Scorecard Growth

C67/100
❌ Pricing power (gross margin) 23% Gross margin 23% — thin margins
🟡 Return on equity 16% ROE 16% — decent returns
✅ Leverage (net debt / EBITDA) 2.7x Net debt / EBITDA 2.7x — low leverage
✅ Interest coverage 8x EBIT covers interest 8x — comfortably covered
🟡 Earnings consistency (revenue) 1/3 down 1 revenue-down year(s) in 3 — one down year
❌ Earnings growth (net income YoY) -38% Net income -38% YoY — earnings declining
✅ Cash conversion (CFO/NI) 183% Operating cash ÷ net income 183% — earnings convert to cash
✅ Operating margin trend improving Operating margin improving
✅ Revenue growth 64% Revenue +64% — strong demand growth
✅ Growth trajectory accelerating YoY +8% vs -2% prior 2-yr avg — accelerating
❌ Dilution control +14.2%/yr Shares +14.2% YoY — heavy dilution (stock-based comp)
✅ Rule of 40 69 growth 64% + FCF margin 5% = 69 — healthy growth + profitability

Growth-stage checklist (proxy metrics from yfinance). 12 of 12 criteria scored. Not financial advice.

Buy-Now Score

85/100
Quality ×40%67
Trajectory ×30%100
Valuation ×30%95

Comparative rank: 40% Quality + 30% Trajectory + 30% Valuation — higher = better buy now. Not financial advice.

Valuation

$223.53$396.27
Price $248.37Analyst $360.24 (+45%)

Analyst: 21 analysts. MarketGist fair = analyst consensus only (no DCF — financial, or no free-cash-flow data). Not financial advice.

Key Trends (6-yr)

GAAP EPS
▼ -37.8% YoY
Sales
▲ +8.3% YoY
Shares Outstanding
▼ -0.3% YoY

Company Overview

Basic Information

Company Name: Constellation Energy Corporation
Symbol: CEG
Exchange: NMS
Sector: Utilities
Industry: Utilities - Independent Power Producers

Company Details

Country: United States
City: Baltimore
Employees: 15,291
Market Cap: $88.69B
Website: https://www.constellationenergy.com

Business Description

Constellation Energy Corporation produces and sells energy products and services in the United States. The company operates through five segments: Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions. It offers electricity, natural gas, energy-related products, and sustainable solutions. The company has approximately 31,676 megawatts of generating capacity consisting of nuclear, wind, solar, natural gas, and hydroelectric assets. It serves distribution utilities, municipalities, cooperatives, and commercial, industrial, public sector, and residential customers. The company was incorporated in 2021 and is headquartered in Baltimore, Maryland.

Key Metrics

Price & Valuation

Current Price
$248.37
Market Cap
$88.69B
P/E Ratio
21.58
Forward P/E
18.37
PEG Ratio
3.74
Price to Book
2.69

Profitability

Profit Margin: 12.69%
Operating Margin: 21.86%
Gross Margin: 23.26%
Return on Equity (ROE): 16.10%
Return on Assets (ROA): 4.20%
Revenue Growth: 63.80%

Financial Health

Current Ratio: 1.36
Quick Ratio: 0.48
Debt to Equity: 66.43
Total Debt: $22.47B
Total Cash: $864.00M
Beta: 1.09

Trading & Analyst Info

52-Week Range

52-Week High: $412.70
52-Week Low: $240.51
50-Day Average: $281.58
200-Day Average: $318.11

Analyst Recommendations

Recommendation: BUY
Target Mean Price: $360.24
Target High: $441.00
Target Low: $296.00

Price graph

Price vs Rates, Inflation & Volume (long-term)

Dotted = market-implied expectation (next ~12 mo), not a prediction.

Quarterly Verdict

🟡 62/100

Hold / watch

Quality grade C; 3 improving / 4 weakening metrics YoY.

➖ Pricing power (gross margin): Gross margin 23% — thin margins
➕ Leverage (net debt / EBITDA): Net debt / EBITDA 2.7x — low leverage
➕ Interest coverage: EBIT covers interest 8x — comfortably covered
➖ Earnings growth (net income YoY): Net income -38% YoY — earnings declining
➕ Cash conversion (CFO/NI): Operating cash ÷ net income 183% — earnings convert to cash
➕ Operating margin trend: Operating margin improving
➕ Revenue growth: Revenue +64% — strong demand growth
➕ Growth trajectory: YoY +8% vs -2% prior 2-yr avg — accelerating
➖ Dilution control: Shares +14.2% YoY — heavy dilution (stock-based comp)
➕ Rule of 40: growth 64% + FCF margin 5% = 69 — healthy growth + profitability
➕ Revenue +63.8% YoY
➕ Net income +1247.5% YoY
➕ Operating margin +15.2 pts YoY
➖ Free cash flow -21.6% YoY
➖ Cash -56.7% YoY
➖ Debt +168.8% YoY
➖ Shares outstanding +15.5% YoY

Heuristic from the Quality Scorecard + quarter-over-quarter trends. Not financial advice.

Financial Statements

Income Statement (Annual)

Item2025-12-312024-12-312023-12-312022-12-312021-12-31
Tax Effect Of Unusual Items$-102.75M$14.02M$117.23M$-2.52MN/A
Tax Rate For Calcs$0.34$0.17$0.35$0.21N/A
Normalized EBITDA$6.26B$6.95B$4.43B$1.57BN/A
Total Unusual Items$-304.00M$82.00M$334.00M$-12.00MN/A
Total Unusual Items Excluding Goodwill$-304.00M$82.00M$334.00M$-12.00MN/A
Net Income From Continuing Operation Net Minority Interest$2.32B$3.75B$1.62B$-160.00MN/A
Reconciled Depreciation$1.94B$2.01B$1.88B$1.85BN/A
Reconciled Cost Of Revenue$19.89B$16.69B$20.90B$21.55BN/A
EBITDA$5.96B$7.03B$4.76B$1.56BN/A
EBIT$4.02B$5.02B$2.88B$-291.00MN/A
Net Interest Income$-511.00M$-506.00M$-431.00M$-251.00MN/A
Interest Expense$511.00M$506.00M$431.00M$251.00MN/A
Interest IncomeN/AN/AN/A$93.00M$98.00M
Normalized Income$2.52B$3.68B$1.41B$-150.52MN/A
Net Income From Continuing And Discontinued Operation$2.32B$3.75B$1.62B$-160.00MN/A

Showing 15 of 51 rows

Balance Sheet (Annual)

Item2025-12-312024-12-312023-12-312022-12-312021-12-31
Ordinary Shares Number$312.29M$312.84M$317.00M$327.00MN/A
Share Issued$312.29M$312.84M$317.00M$327.00MN/A
Net Debt$5.35B$5.39B$8.89B$5.35BN/A
Total Debt$8.99B$8.41B$9.26B$5.77BN/A
Tangible Book Value$14.10B$12.75B$10.50B$10.97BN/A
Invested Capital$23.51B$21.58B$20.19B$16.79BN/A
Working Capital$4.17B$3.93B$1.98B$1.52BN/A
Net Tangible Assets$14.10B$12.75B$10.50B$10.97BN/A
Common Stock Equity$14.52B$13.17B$10.93B$11.02BN/A
Total Capitalization$21.77B$20.55B$18.42B$15.48BN/A
Total Equity Gross Minority Interest$14.85B$13.54B$11.29B$11.37BN/A
Minority Interest$336.00M$373.00M$361.00M$354.00MN/A
Stockholders Equity$14.52B$13.17B$10.93B$11.02BN/A
Other Equity InterestN/AN/AN/AN/A$11.25B
Gains Losses Not Affecting Retained Earnings$-2.42B$-2.30B$-2.19B$-1.76BN/A

Showing 15 of 80 rows

Cash Flow Statement (Annual)

Item2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow$1.29B$-5.03B$-7.72B$-4.04BN/A
Repurchase Of Capital Stock$-400.00M$-999.00M$-992.00M$0.00N/A
Repayment Of Debt$-1.08B$-1.97B$-368.00M$-2.60BN/A
Issuance Of Debt$1.65B$1.12B$3.88B$271.00MN/A
Capital Expenditure$-2.95B$-2.56B$-2.42B$-1.69BN/A
Interest Paid Supplemental Data$412.00M$375.00M$264.00M$230.00MN/A
Income Tax Paid Supplemental Data$446.00M$436.00M$466.00M$287.00MN/A
End Cash Position$3.75B$3.13B$454.00M$528.00MN/A
Beginning Cash Position$3.13B$454.00M$528.00M$576.00MN/A
Changes In Cash$619.00M$2.67B$-74.00M$-48.00MN/A
Financing Cash Flow$-420.00M$-2.29B$2.20B$-799.00MN/A
Cash Flow From Continuing Financing Activities$-420.00M$-2.29B$2.20B$-799.00MN/A
Net Other Financing Charges$-108.00M$-1.00M$42.00M$1.72BN/A
Cash Dividends Paid$-486.00M$-444.00M$-366.00M$-185.00MN/A
Common Stock Dividend Paid$-486.00M$-444.00M$-366.00M$-185.00MN/A

Showing 15 of 54 rows

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