CEG

Updated: Mar 12, 2026 11:30 AM

Constellation Energy Corp

Market Cap: $113.83B P/S: 16x Ownership — Insider: 0.3% | Institutional: 84.9% | Retail: 14.9% UTILITIES UTILITIES - INDEPENDENT POWER PRODUCERS

Constellation Energy Corporation (CEG), headquartered in Baltimore, Maryland, stands as a prominent leader in the U.S. energy sector, primarily focusing on clean and reliable energy solutions through its extensive investments in nuclear and renewable sources. The company is dedicated to sustainability and innovation, adeptly positioning itself to address the increasing demand for environmentally responsible energy as the market evolves. With a diverse portfolio that spans generation and retail services, Constellation Energy is strategically poised to leverage emerging opportunities and navigate the dynamic landscape of the energy industry.

Revenue

Revenue, Profit & Income — explained by Jerry the Goat Farmer
Total RevenueEvery single dollar that wanders onto Jerry's farm. Cheese sales, milk money, goat yoga memberships, and that one weird guy who pays $50 to just watch the goats. Jerry doesn't ask questions.
Gross ProfitThe money left after feeding the goats but before reality sets in. Jerry feels rich for exactly 11 minutes.
Net IncomeWhat Jerry actually gets to keep after the Jerrynment, cousin Larry, the feed store, and his ex-wife's lawyer all take their cut. This number is often... humbling.
Using alias: revenuea -> totalRevenue [annual] [income]
Using alias: profita -> grossProfit [annual] [income]
Using alias: incomea -> netIncome [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        13/13 dates (100%)
  ✅ grossProfit                         13/13 dates (100%)
  ✅ netIncome                           13/13 dates (100%)

Plot for CEG (in B)
  reports: annualReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -24.92B                   -12.46B                    0.00B                    12.46B                    24.92B
               |                         |                         |                         |                         |

  2012-12-31 |                                                     |  14.44B
  2013-12-31 |                                                     |  15.63B
  2014-12-31 |                                                     |  17.39B
  2015-12-31 |                                                     |  19.14B
  2016-12-31 |                                                     |  17.76B
  2017-12-31 |                                                     |  18.50B
  2018-12-31 |                                                     |  20.44B
  2019-12-31 |                                                     |  18.92B
  2020-12-31 |                                                     |  17.60B
  2021-12-31 |                                                    |  19.65B
  2022-12-31 |                                                    |  24.44B
  2023-12-31 |                                                     | 24.92B
  2024-12-31 |                                                     |  23.57B

               |                         |                         |                         |                         |
               -24.92B                   -12.46B                    0.00B                    12.46B                    24.92B

Costs

Operating Costs — explained by Jerry the Goat Farmer
Cost of Goods & Services SoldThe unglamorous stuff: hay, feed, vet bills for when Sergio the goat eats another iPhone. These goats don't feed themselves, and they definitely don't apologize.
Selling, General & AdministrativeThe "CHEESE HAPPENS" billboard on the highway, the accountant (cousin Larry, who definitely cheated in Monopoly as a kid), office supplies, and the therapy Jerry needs after dealing with cousin Larry.
Research & DevelopmentJerry's experimental ghost pepper goat cheese that made three customers cry. Also the goat treadmill. The goats refuse to use the goat treadmill.
Using alias: rnda -> researchAndDevelopment [annual] [income]
Using alias: sgaa -> sellingGeneralAndAdministrative [annual] [income]
Using alias: cogsa -> costofGoodsAndServicesSold [annual] [income]


Data Completeness:
------------------------------------------------------------
  ⚠️  SPARSE researchAndDevelopment              0/13 dates (0%)
  ⚠️  SPARSE sellingGeneralAndAdministrative     3/13 dates (23%)
  ✅ costofGoodsAndServicesSold          13/13 dates (100%)

Plot for CEG (in B)
  reports: annualReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00B                     5.58B                    11.15B                    16.73B                    22.30B
               |                         |                         |                         |                         |

  2012-12-31 |  11.70B ⊗⊗
  2013-12-31 |  12.73B ⊗⊗
  2014-12-31 |  14.83B ⊗⊗
  2015-12-31 |  15.32B ⊗⊗
  2016-12-31 |  14.37B ⊗⊗
  2017-12-31 |  15.39B ⊗⊗
  2018-12-31 |  17.12B ⊗⊗
  2019-12-31 |  15.63B ⊗⊗
  2020-12-31 |  14.33B ⊗⊗
  2021-12-31 |  16.90B ⊗
  2022-12-31 |  22.30B ⊗
  2023-12-31 |  21.61B ⊗
  2024-12-31 |  17.58B ⊗⊗

               |                         |                         |                         |                         |
               0.00B                     5.58B                    11.15B                    16.73B                    22.30B

Cash

Cash, Debt & Cash Flow — explained by Jerry the Goat Farmer
Cash & Short-Term InvestmentsThe coffee can buried behind the barn, $47 in a savings account, and some cryptocurrency Jerry bought drunk in 2021. He's afraid to check on it.
Short/Long-Term DebtThe barn loan that'll follow Jerry to the grave (long-term) and the $200 he owes the feed store guy who's starting to give him looks (short-term).
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Using alias: casha -> cashAndShortTermInvestments [annual] [balance]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: paychecka -> operatingCashflow [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ cashAndShortTermInvestments         13/13 dates (100%)
  ⚠️  shortLongTermDebtTotal              12/13 dates (92%)
  ✅ operatingCashflow                   13/13 dates (100%)

Plot for CEG (in B)
  reports: annualReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               -10.24B                   -5.12B                     0.00B                     5.12B                    10.24B
               |                         |                         |                         |                         |

  2012-12-31 |                                                     |  3.58B ⊗
  2013-12-31 |                                                     |  7.75B
  2014-12-31 |                                                     |  8.23B
  2015-12-31 |                                                     | 10.24B
  2016-12-31 |                                                     |  9.99B
  2017-12-31 |                                                     |  9.05B
  2018-12-31 |                                                     |  8.89B
  2019-12-31 |                                                     |  8.29B
  2020-12-31 |                                                     |  7.21B
  2021-12-31 |                                              |  8.20B
  2022-12-31 |                                         |  5.77B
  2023-12-31 |                          |  9.26B
  2024-12-31 |                                        |  8.41B

               |                         |                         |                         |                         |
               -10.24B                   -5.12B                     0.00B                     5.12B                    10.24B

FCF

Free Cash Flow — explained by Jerry the Goat Farmer
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Capital ExpendituresBig, expensive purchases Jerry justifies at 2am: the industrial milking machine, new fencing, and a hot tub "for the goats" that somehow only Jerry uses.
Using alias: paychecka -> operatingCashflow [annual] [cashflow]
Using alias: capexa -> capitalExpenditures [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   13/13 dates (100%)
  ✅ capitalExpenditures                 13/13 dates (100%)

Plot for CEG (in B)
  reports: annualReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               -5.30B                    -2.65B                     0.00B                     2.65B                     5.30B
               |                         |                         |                         |                         |

  2012-12-31 |                                                     |  3.58B
  2013-12-31 |                                                     |  3.89B
  2014-12-31 |                                                     |  3.01B
  2015-12-31 |                                                     |  4.20B
  2016-12-31 |                                                     |  4.44B
  2017-12-31 |                                                     |  3.30B
  2018-12-31 |                                                     |  3.86B
  2019-12-31 |                                                     |  2.87B
  2020-12-31 |                                                     |  1.75B
  2021-12-31 |                                        |  -1.34B
  2022-12-31 |                              |  -2.35B
  2023-12-31 | |  -5.30B
  2024-12-31 |                             |  2.56B

               |                         |                         |                         |                         |
               -5.30B                    -2.65B                     0.00B                     2.65B                     5.30B

Assets

Assets, Liabilities & Equity — explained by Jerry the Goat Farmer
🐐 Assets = Liabilities + Equity

Translation: What Jerry owns = What Jerry owes + What's actually Jerry's

Or as Jerry mutters every April during tax season:
"Everything I have equals everything I owe plus whatever scraps are left for me, a humble goat man just trying to make cheese in this cruel world."
Total AssetsEverything Jerry owns: 12 acres of land, a barn that's "rustic" (rotting), 47 goats, Sergio (appraised at $800, priceless to Jerry), the cheese cave, and a 2004 Ford F-150 held together by duct tape and prayer.
Total LiabilitiesEverything Jerry owes: bank loans, the feed store tab, back taxes, and a moral debt to his neighbor for "borrowing" that tractor in 2019. They both know he's not returning it.
Total Shareholder EquityIf Jerry sold absolutely everything, paid off every debt, and finally returned that tractor... this is what he'd have left. His actual net worth. Some days it's a retirement fund. Other days it's "enough for a bus ticket and a fresh start."
Using alias: assetsa -> totalAssets [annual] [balance]
Using alias: liabila -> totalLiabilities [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         13/13 dates (100%)
  ✅ totalLiabilities                    13/13 dates (100%)
  ✅ totalShareholderEquity              13/13 dates (100%)

Plot for CEG (in B)
  reports: annualReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               0.00B                    13.23B                    26.46B                    39.69B                    52.93B
               |                         |                         |                         |                         |

  2012-12-31 |  40.68B
  2013-12-31 |  41.23B
  2014-12-31 |  44.95B
  2015-12-31 |  46.53B
  2016-12-31 |  46.97B
  2017-12-31 |  48.46B
  2018-12-31 |  47.56B
  2019-12-31 |  48.99B
  2020-12-31 |  48.09B
  2021-12-31 |  48.09B
  2022-12-31 |  46.91B
  2023-12-31 |  50.76B
  2024-12-31 |  52.93B

               |                         |                         |                         |                         |
               0.00B                    13.23B                    26.46B                    39.69B                    52.93B

Buffet

Using alias: incomea -> netIncome [annual] [income]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           13/13 dates (100%)
  ⚠️  shortLongTermDebtTotal              12/13 dates (92%)
  ✅ totalShareholderEquity              13/13 dates (100%)

Plot for CEG (in B)
  reports: annualReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -13.67B                   -6.83B                     0.00B                     6.83B                    13.67B
               |                         |                         |                         |                         |

  2012-12-31 |                                                     |  12.56B ⊗
  2013-12-31 |                                                     |  12.72B
  2014-12-31 |                                                     |  12.72B
  2015-12-31 |                                                     |  11.63B
  2016-12-31 |                                                     |  11.48B
  2017-12-31 |                                                     | 13.67B
  2018-12-31 |                                                     |  13.20B
  2019-12-31 |                                                     |  13.48B
  2020-12-31 |                                                     |  12.40B
  2021-12-31 |                                                    |  11.22B
  2022-12-31 |                                                    |  11.02B
  2023-12-31 |                                                     |  10.93B
  2024-12-31 |                                                     |  13.17B

               |                         |                         |                         |                         |
               -13.67B                   -6.83B                     0.00B                     6.83B                    13.67B

Revenue-q

Using alias: revenue -> totalRevenue [quarterly] [income]
Using alias: profit -> grossProfit [quarterly] [income]
Using alias: income -> netIncome [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        25/25 dates (100%)
  ✅ grossProfit                         25/25 dates (100%)
  ✅ netIncome                           25/25 dates (100%)

Plot for CEG (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -7.57B                    -3.78B                     0.00B                     3.78B                     7.57B
               |                         |                         |                         |                         |

  2019-09-30 |                                                     |  4.77B
  2019-12-31 |                                                     |  4.64B
  2020-03-31 |                                                     |  4.73B
  2020-06-30 |                                                     |  3.88B
  2020-09-30 |                                                     |  4.66B
  2020-12-31 |                                                     |  4.33B
  2021-03-31 |                                                |  5.56B
  2021-06-30 |                                                    |  4.15B
  2021-09-30 |                                                     |  4.41B
  2021-12-31 |                                                   |  5.53B
  2022-03-31 |                                                     |  5.59B
  2022-06-30 |                                                    |  5.46B
  2022-09-30 |                                                    |  6.05B
  2022-12-31 |                                                     |  7.33B
  2023-03-31 |                                                     | 7.57B
  2023-06-30 |                                                     |  5.45B
  2023-09-30 |                                                     |  6.11B
  2023-12-31 |                                                    |  5.80B
  2024-03-31 |                                                     |  6.16B
  2024-06-30 |                                                     |  5.47B
  2024-09-30 |                                                     |  6.55B
  2024-12-31 |                                                     |  5.38B
  2025-03-31 |                                                     |  6.79B
  2025-06-30 |                                                     |  6.10B
  2025-09-30 |                                                     |  7.18B

               |                         |                         |                         |                         |
               -7.57B                    -3.78B                     0.00B                     3.78B                     7.57B

Costs-q

Using alias: rnd -> researchAndDevelopment [quarterly] [income]
Using alias: sga -> sellingGeneralAndAdministrative [quarterly] [income]
Using alias: cogs -> costofGoodsAndServicesSold [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ⚠️  SPARSE researchAndDevelopment              0/25 dates (0%)
  ⚠️  SPARSE sellingGeneralAndAdministrative     6/25 dates (24%)
  ✅ costofGoodsAndServicesSold          25/25 dates (100%)

Plot for CEG (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00B                     1.78B                     3.57B                     5.35B                     7.14B
               |                         |                         |                         |                         |

  2019-09-30 |  3.70B ⊗⊗
  2019-12-31 |  4.04B ⊗⊗
  2020-03-31 |  3.96B ⊗⊗
  2020-06-30 |  3.13B ⊗⊗
  2020-09-30 |  3.26B ⊗⊗
  2020-12-31 |  3.98B ⊗⊗
  2021-03-31 |  5.61B ⊗⊗
  2021-06-30 |  3.41B ⊗⊗
  2021-09-30 |  2.51B ⊗⊗
  2021-12-31 |  5.80B ⊗⊗
  2022-03-31 |  4.75B ⊗⊗
  2022-06-30 |  4.75B ⊗⊗
  2022-09-30 |  5.70B ⊗⊗
  2022-12-31 |  7.04B ⊗⊗
  2023-03-31 |  7.14B ⊗
  2023-06-30 |  4.33B ⊗
  2023-09-30 |  4.63B ⊗
  2023-12-31 |  5.53B ⊗
  2024-03-31 |  4.90B ⊗
  2024-06-30 |  3.93B ⊗
  2024-09-30 |  4.65B ⊗⊗
  2024-12-31 |  4.10B ⊗⊗
  2025-03-31 |  5.93B ⊗⊗
  2025-06-30 |  5.00B ⊗⊗
  2025-09-30 |  5.48B ⊗⊗

               |                         |                         |                         |                         |
               0.00B                     1.78B                     3.57B                     5.35B                     7.14B

Cash-q

Using alias: cash -> cashAndShortTermInvestments [quarterly] [balance]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ cashAndShortTermInvestments         25/25 dates (100%)
  ✅ shortLongTermDebtTotal              25/25 dates (100%)
  ✅ operatingCashflow                   25/25 dates (100%)

Plot for CEG (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               -9.98B                    -4.99B                     0.00B                     4.99B                     9.98B
               |                         |                         |                         |                         |

  2019-09-30 |                                                     |  9.73B
  2019-12-31 |                                                     |  8.29B
  2020-03-31 |                                                     |  9.54B
  2020-06-30 |                                                     |  8.03B
  2020-09-30 |                                                     |  7.30B
  2020-12-31 |                                                 |  7.21B
  2021-03-31 |                                             |  7.90B
  2021-06-30 |                                                     |  6.68B
  2021-09-30 |                                                     |  7.51B
  2021-12-31 |                                         |  8.20B
  2022-03-31 |                                                     |  5.82B
  2022-06-30 |                                                    |  4.89B
  2022-09-30 |                                               |  5.35B
  2022-12-31 |                                        |  5.77B
  2023-03-31 |                                                |  6.63B
  2023-06-30 |                                                    |  7.20B
  2023-09-30 |                                                |  8.15B
  2023-12-31 |                                    |  9.26B
  2024-03-31 |                                                 | 9.98B
  2024-06-30 |                                                  |  9.12B
  2024-09-30 |                                                    |  8.41B
  2024-12-31 |                                                |  8.41B
  2025-03-31 |                                                     |  8.36B
  2025-06-30 |                                                     |  8.31B
  2025-09-30 |                                                     |  9.04B

               |                         |                         |                         |                         |
               -9.98B                    -4.99B                     0.00B                     4.99B                     9.98B

FCF-q

Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]
Using alias: capex -> capitalExpenditures [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   25/25 dates (100%)
  ✅ capitalExpenditures                 25/25 dates (100%)

Plot for CEG (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               -3.18B                    -1.59B                     0.00B                     1.59B                     3.18B
               |                         |                         |                         |                         |

  2019-09-30 |                                                     |  1.04B
  2019-12-31 |                                                     |  0.56B
  2020-03-31 |                                                     |  0.62B
  2020-06-30 |                                                     |  0.66B
  2020-09-30 |                                                     |  0.28B
  2020-12-31 |                                        |  -0.78B
  2021-03-31 |                           |  -1.61B
  2021-06-30 |                                                     |  1.25B
  2021-09-30 |                                                     |  1.33B
  2021-12-31 |               |  -2.31B
  2022-03-31 |                                                     |  1.35B
  2022-06-30 |                                                    |  0.39B
  2022-09-30 |                                 |  -1.19B
  2022-12-31 |             |  -2.42B
  2023-03-31 |                                      |  -0.93B
  2023-06-30 |                                                  |  0.68B
  2023-09-30 |                                     |  -0.99B
  2023-12-31 | |  -3.18B
  2024-03-31 |                                         |  0.74B
  2024-06-30 |                                           |  -0.61B
  2024-09-30 |                                                   |  0.55B
  2024-12-31 |                                    |  -1.02B
  2025-03-31 |                                                     |  0.81B
  2025-06-30 |                                                     |  1.48B
  2025-09-30 |                                                     |  1.85B

               |                         |                         |                         |                         |
               -3.18B                    -1.59B                     0.00B                     1.59B                     3.18B

Assets-q

Using alias: assets -> totalAssets [quarterly] [balance]
Using alias: liabil -> totalLiabilities [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         25/25 dates (100%)
  ✅ totalLiabilities                    25/25 dates (100%)
  ✅ totalShareholderEquity              25/25 dates (100%)

Plot for CEG (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               0.00B                    14.04B                    28.08B                    42.12B                    56.16B
               |                         |                         |                         |                         |

  2019-09-30 |  47.98B
  2019-12-31 |  48.99B
  2020-03-31 |  47.88B
  2020-06-30 |  47.00B
  2020-09-30 |  47.37B
  2020-12-31 |  48.09B
  2021-03-31 |  47.33B
  2021-06-30 |  45.82B
  2021-09-30 |  48.01B
  2021-12-31 |  48.09B
  2022-03-31 |  46.85B
  2022-06-30 |  45.33B
  2022-09-30 |  46.62B
  2022-12-31 |  46.91B
  2023-03-31 |  46.16B
  2023-06-30 |  46.56B
  2023-09-30 |  48.97B
  2023-12-31 |  50.76B
  2024-03-31 |  52.01B
  2024-06-30 |  51.34B
  2024-09-30 |  51.83B
  2024-12-31 |  52.93B
  2025-03-31 |  52.25B
  2025-06-30 |  53.04B
  2025-09-30 |  56.16B

               |                         |                         |                         |                         |
               0.00B                    14.04B                    28.08B                    42.12B                    56.16B

Buffet-q

Using alias: income -> netIncome [quarterly] [income]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           25/25 dates (100%)
  ✅ shortLongTermDebtTotal              25/25 dates (100%)
  ✅ totalShareholderEquity              25/25 dates (100%)

Plot for CEG (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -14.35B                   -7.17B                     0.00B                     7.17B                    14.35B
               |                         |                         |                         |                         |

  2019-09-30 |                                                     |  13.27B
  2019-12-31 |                                                     |  13.48B
  2020-03-31 |                                                     |  13.05B
  2020-06-30 |                                                     |  13.06B
  2020-09-30 |                                                     |  12.71B
  2020-12-31 |                                                     |  12.40B
  2021-03-31 |                                                  |  11.15B
  2021-06-30 |                                                    |  10.63B
  2021-09-30 |                                                     |  11.63B
  2021-12-31 |                                                     |  11.22B
  2022-03-31 |                                                     |  11.11B
  2022-06-30 |                                                    |  11.00B
  2022-09-30 |                                                    |  10.80B
  2022-12-31 |                                                     |  11.02B
  2023-03-31 |                                                     |  10.73B
  2023-06-30 |                                                     |  11.26B
  2023-09-30 |                                                     |  11.67B
  2023-12-31 |                                                    |  10.93B
  2024-03-31 |                                                     |  11.20B
  2024-06-30 |                                                     |  11.43B
  2024-09-30 |                                                     |  12.57B
  2024-12-31 |                                                     |  13.17B
  2025-03-31 |                                                     |  12.96B
  2025-06-30 |                                                     |  13.45B
  2025-09-30 |                                                     | 14.35B

               |                         |                         |                         |                         |
               -14.35B                   -7.17B                     0.00B                     7.17B                    14.35B

Price History

Volume

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