CEG Financials Constellation Energy

6 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 29 h ago Overview →

Growth & profitability

Revenue has grown 7.1% per year over the past 5 years.
Net income has grown faster than revenue (31.5% vs 7.1% per year).

Financial health

Total debt ($9.1B) exceeds cash ($3.6B); net debt is $5.4B.
Total debt has grown slower than revenue (3.5% vs 7.1% per year).
Operating income covered interest expense 6.0× in the latest year.
Total debt is 1.6× EBITDA.

Shareholder returns

Dividends have been paid for 4 consecutive years, consuming 21.0% of earnings and 37.7% of free cash flow.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$22.7B	$2.3B	0.0%	13.6%	$1.3B	$9.1B	$3.6B
2024	$19.0B	$3.7B	0.0%	22.9%	-$5.0B	$8.5B	$3.0B
2023	$20.8B	$1.6B	0.0%	7.7%	-$7.7B	$9.3B	$368M
2022	$21.6B	-$160M	0.0%	2.3%	-$4.0B	$5.8B	$422M
2021	$17.3B	-$205M	0.0%	-2.0%	-$2.7B	$7.9B	$504M
2020	—	$589M	—	—	-$1.2B	—	$226M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
Mar '26	$7.5B	$1.6B	0.0%	30.9%	-$850M	$22.5B	$800M
Dec '25	$5.7B	$432M	0.0%	10.5%	-$181M	$9.1B	$3.6B
Sep '25	$5.7B	$930M	0.0%	19.0%	$1.5B	$8.9B	$4.0B
Jun '25	$5.2B	$839M	0.0%	18.4%	$710M	$8.2B	$2.0B
Mar '25	$6.1B	$118M	0.0%	7.4%	-$699M	$7.3B	$1.8B
Dec '24	$4.5B	$852M	0.0%	21.5%	-$1.7B	$8.5B	$3.0B
Sep '24	$4.8B	$1.2B	0.0%	30.7%	-$664M	$7.4B	$1.8B
Jun '24	$4.4B	$814M	0.0%	25.0%	-$1.2B	$8.1B	$311M
Mar '24	$5.3B	$883M	0.0%	15.5%	-$1.5B	$9.9B	$562M
Dec '23	$5.0B	-$37M	0.0%	-1.3%	-$3.9B	$9.3B	$368M
Sep '23	$5.3B	$731M	0.0%	18.4%	-$1.4B	$8.0B	$1.9B
Jun '23	$4.7B	$833M	0.0%	14.2%	-$868M	$7.1B	$269M
Mar '23	$5.8B	$96M	0.0%	0.5%	-$1.6B	$6.5B	$237M
Dec '22	—	$34M	—	—	-$3.0B	$5.8B	$422M
Sep '22	—	-$188M	—	—	-$1.5B	$5.2B	$1.2B
Jun '22	—	-$111M	—	—	-$478M	$4.7B	$806M
Mar '22	—	$106M	—	—	$941M	$5.6B	$1.6B
Dec '21	—	$42M	—	—	-$2.6B	$7.9B	$504M
Sep '21	—	$607M	—	—	$964M	—	$2.0B
Jun '21	—	-$61M	—	—	$918M	—	$542M

Valuation over time

How the market has priced CEG against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 27.1× (Jan '24) to 41.9× (Jun '26).
The price-to-sales ratio has risen from 1.3× (Mar '23) to 4.3× (Jun '26).
The dividend yield has fallen from 0.7% (Mar '23) to 0.5% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is CEG growing its revenue and profit?

Over the past 5 years, Constellation Energy's revenue has grown 7.1% per year, and net income grown 31.5% per year. These are computed facts, not advice.

How much debt does CEG have?

As of FY2025, Constellation Energy reported $9.1B of total debt against $3.6B of cash; operating income covered interest expense 6.0×.

What is CEG's profit margin?

In FY2025, gross margin was —, operating margin 13.6%, and net margin 10.2%.

What is CEG's P/E ratio?

As of Jun '26, Constellation Energy traded at a price-to-earnings ratio of about 41.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.