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Nasdaq · Utilities

Constellation Energy Corp (CEG)

As-reported financials and SEC filings for Constellation Energy Corp. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Constellation Energy Corp

Constellation Energy Corp is a power producer operating a diverse fleet of energy generation facilities including nuclear, natural gas, geothermal, hydro, wind, and solar. The company serves approximately 2.5 million customer accounts nationwide, including many large corporations, and provides about 10% of the United States' clean energy. Following its acquisition of Calpine, Constellation is the largest private-sector power producer in the world and the largest nuclear energy company in the U.S., with a focus on clean and reliable energy generation.

Snapshot

Revenue
$22.66B
Revenue growth (YoY)
19.5%
Net income
$2.32B
Diluted EPS
$7.40
Gross margin
Operating margin
13.6%
Net margin
10.2%
FCF margin
5.7%
ROE
15.6%
net income / fiscal-year-end equity
P/E
28.0×
trailing when available, otherwise FY EPS
Market cap
$101.32B
Long-term debt / equity
0.49×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Constellation Energy

  • Revenue grew 19.5% to $22.7B in FY2025, after a 9.0% decline the year before.
  • Operating margin turned positive at 13.6% in FY2025, from a 2.0% operating loss in FY2021.
  • Most recent quarter Q2 FY2026: revenue $5.8B, up 13.2% from Q2 FY2025.
  • Free cash flow was $1.3B in FY2025, 5.7% of revenue.
  • Net income fell 38.1% to $2.3B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Constellation Energy’s fundamentals sit among the 98 Utilities companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin13.6%
28th percentile of 86
Net margin10.2%
40th percentile of 91
FCF margin5.7%
72nd percentile of 76
Revenue growth (YoY)+19.5%
86th percentile of 94
ROE15.6%
90th percentile of 89
P/E28.0×
84th percentile of 83
Long-term debt / equity0.49×
11th percentile of 84
Short interest5.00d
41st percentile of 98

Constellation Energy’s return on equity of 15.6% ranks in the 90th percentile of the 89 Utilities companies reporting it. Constellation Energy’s long-term debt to equity of 0.49 ranks in the 11th percentile of the 84 Utilities companies reporting it. Constellation Energy’s revenue growth of +19.5% ranks in the 86th percentile of the 94 Utilities companies reporting it.

1 reported insider purchase (code P) totaling $417,931 in the last 90 days. For context, about 14% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 4 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
4
+5 quant / multi-strat
Initiated / added
3
2 new, 1 added
Reduced / exited
5
5 trimmed, 0 exited
Combined position
$1.33B
reported long value
InvestorAs ofPosition valueSharesChange
Coatue ManagementQ2 2026$1.15B4.6MHeld
AQR Capital ManagementquantQ2 2026$98.6M397.1KAdded
Citadel AdvisorsquantQ2 2026$47.6M191.5KReduced
Millennium ManagementquantQ2 2026$13.7M55.3KReduced
Gotham Asset ManagementQ2 2026$9.0M36.3KReduced
Bridgewater AssociatesQ2 2026$5.7M23.1KReduced
D. E. ShawquantQ2 2026$5.6M22.7KReduced
Two Sigma InvestmentsquantQ2 2026$980,0683.9KNew
Soros Fund ManagementQ2 2026$809,4383.3KNew

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
1
1 insider
Bought (90d)
$418K
code P value
Sells (90d)
0
Reported activity
Net buying
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-11
filed 2026-08-13
CRANDALL ROGER WDirectorBuy1.5K$278.62$418K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
11.6M
settled 2026-08-31
Change vs prior
+23.0%
vs previous settlement
Days to cover
5.00
at avg daily volume
Avg daily volume
2.3M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-3111.6M+23.0%5.00
2026-08-149.4M-9.8%3.34
2026-07-3110.4M-2.1%3.90
2026-07-1510.7M-12.3%3.03
2026-06-3012.2M+6.8%3.16
2026-06-1511.4M-1.8%2.33
2026-05-2911.6M+10.1%3.73
2026-05-1510.5M-0.2%2.98

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$22.66B$18.96B$20.84B$21.57B$17.25B
Gross profit
Operating income$3.09B$4.35B$1.61B$495.0M$-346.0M
Net income$2.32B$3.75B$1.62B$-160.0M$-205.0M
Diluted EPS$7.40$11.89$5.01$-0.49$0.00

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$4.24B$-2.46B$-5.30B$-2.35B$-1.34B
Capital expenditure$2.95B$2.56B$2.42B$1.69B$1.33B
Free cash flow$1.29B$-5.03B$-7.72B$-4.04B$-2.67B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$5.84B13.2%$513.0M$1.42
Q1 FY2026$7.54B23.5%$1.59B$4.49
Q4 FY2025$5.69B25.8%$432.0M$1.38
Q3 FY2025$5.70B19.5%$930.0M$2.97
Q2 FY2025$5.16B17.1%$839.0M$2.67
Q1 FY2025$6.11B16.1%$118.0M$0.38
Q4 FY2024$4.53B-9.4%$852.0M$2.73
Q3 FY2024$4.77B-10.2%$1.20B$3.82

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorUtilities
SIC industryElectric Services
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2021
SEC CIK1868275

Selected SEC filings

10-K2026-02-24
View on EDGAR →
10-K2025-02-18
View on EDGAR →
10-Q2026-08-06
View on EDGAR →
10-Q2026-05-11
View on EDGAR →
10-Q2025-11-07
View on EDGAR →
10-Q2025-08-07
View on EDGAR →
8-K2026-08-06
View on EDGAR →
8-K2026-08-05
View on EDGAR →

Largest Utilities peers

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.