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Profile & Fundamentals

Constellation Energy Profile & Fundamentals

Name: Constellation Energy financial chart data preview
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Company and Market Context

Company Profile & Ownership

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.

Company profile record

Constellation Energy Corp

Common Stock · Utilities · Electric Utilities

Official website

Company

Company / asset: Constellation Energy Corp
Security type: Common Stock
Sector: Utilities
Industry: Electric Utilities
HQ: 🇺🇸 United States
Head office: 1310 Point Street, Baltimore, MD, United States, 21231-3380

Leadership & scale

Chief executive: Mr. Joseph Dominguez
CEO year born: 1964
Full-time employees: 15.3K
Fiscal year end: December
IPO date: 2022-02-02

Fundamentals snapshot

Updated 2026-09-13

Market Cap: USD 90.2B
P/E: 25.9x
Revenue (Q2 26): USD 7.5B
Profit (Q2 26): USD 513.0M
Dividend Yield: 0.7%
Revenue (FY 25): USD 25.5B
Shares in public float: 353.1M
Insider ownership: 0.34%

Reporting & identifiers

Symbol: CEG.NASDAQ
Listing: 🇺🇸 United States | Dividend Tax: 30%
Ticker Currency: USD
Income Statement Currency: USD
Balance Sheet Currency: USD
Cash Flow Currency: USD
EPS Currency: USD
Contract Type: SPOT
ISIN: US21037T1097
Asset ID: equity_9cd62830-89b7-54d4-9564-0db09c41382b

Ownership

Shares Outstanding

Shares outstanding

Annual reported shares outstanding. Values in shares.

Top holders

BlackRock Inc23,509,199 shares · 6.64% · Reported 2026-03-31
Vanguard Capital Management, LLC20,138,742 shares · 5.68% · Reported 2026-03-31
State Street Corp18,796,388 shares · 5.31% · Reported 2026-03-31
Vanguard Portfolio Management, LLC15,013,945 shares · 4.24% · Reported 2026-03-31
ECP ControlCo, LLC14,370,227 shares · 4.06% · Reported 2026-06-30
Capital Research & Mgmt Co - Division 312,657,149 shares · 3.57% · Reported 2026-06-30
Amvescap Plc.11,217,094 shares · 3.17% · Reported 2026-03-31

View more holders (8)

Vanguard MStar Total Stk Mkt Idx Invest10,326,448 shares · 2.91% · Reported 2026-07-31
FMR Inc10,181,644 shares · 2.87% · Reported 2026-03-31
Morgan Stanley - Brokerage Accounts8,903,186 shares · 2.51% · Reported 2026-03-31
Vanguard 500 Index Investor8,392,376 shares · 2.37% · Reported 2026-07-31
Invesco QQQ Trust7,769,689 shares · 2.19% · Reported 2026-08-31
Capital Group Wash Mutual Invtrs Comp7,382,413 shares · 2.08% · Reported 2026-06-30
American Funds Washington Mutual A7,382,413 shares · 2.08% · Reported 2026-06-30
Geode Capital Management, LLC7,292,001 shares · 2.06% · Reported 2026-03-31

Earnings, Profitability & Valuation

Earnings & Revenue

AI Review

Recent financial results show a spectacular jump in performance, highlighted by a massive 64% year-over-year revenue surge to $11.1 billion in early 2026, alongside a tripling of net income. This explosive growth was driven by the successful integration of the newly acquired natural gas assets and strong demand for electricity. While the company's free cash flow has historically been volatile due to heavy investments, it has recently turned positive and is expected to grow steadily. Most assessments agree that the company is successfully transitioning from a slow-growing utility into a highly profitable energy provider for the tech sector. However, there is some disagreement on how quickly the company can pay down its substantial new debt. While some expect rapid debt reduction using guaranteed cash flows, others caution that high interest rates will keep borrowing costs elevated, slightly dragging on near-term earnings growth.

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

Published P/E

Published valuation snapshots. Trailing four-quarter earnings where available; annual earnings otherwise. Non-positive earnings are omitted. Values in times earnings.

Profitability & Margins

AI Review

The company's profit margins are undergoing a major upward shift, driven by its ability to charge premium prices for reliable, clean electricity. Gross margins have expanded to an impressive 76%, reflecting the immense pricing power the company holds over tech firms that desperately need constant power for AI. While near-term operating margins face some temporary pressure from integration costs and the blending of lower-margin natural gas assets, the long-term trend is highly positive. Most assessments agree that will remain structurally elevated as older, cheaper contracts expire and are replaced by highly lucrative tech deals. The main area of disagreement is how much regulatory price caps or potential government taxes might limit future profit growth. Some believe the company's unique position allows it to completely escape traditional utility price limits, while others caution that political pressure to protect everyday consumers could cap maximum .

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

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Reported Data Tables — chart preview

The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-09-15.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2016-12-31	17,757,000,000	1,364,000,000	483,000,000	19.06	4.62	2.72	7.68
2017-12-31	18,500,000,000	1,040,000,000	2,710,000,000	16.78	5.12	14.65	5.62
2018-12-31	20,437,000,000	1,619,000,000	370,000,000	16.21	4.77	1.81	7.92
2019-12-31	18,924,000,000	1,028,000,000	1,125,000,000	17.42	6.99	5.94	5.43
2020-12-31	17,603,000,000	-1,163,000,000	589,000,000	18.6	1.45	3.35	-6.61
2021-12-31	19,649,000,000	-2,667,000,000	-205,000,000	13.97	-1.76	-1.04	-13.57
2022-12-31	24,440,000,000	-4,042,000,000	-160,000,000	8.74	2.03	-0.65	-16.54
2023-12-31	24,918,000,000	-7,723,000,000	1,623,000,000	13.26	6.46	6.51	-30.99
2024-12-31	23,568,000,000	-5,029,000,000	3,749,000,000	25.42	18.47	15.91	-21.34
2025-12-31	25,533,000,000	1,288,000,000	2,319,000,000	75.83	12.09	9.08	5.04

Published valuation snapshots
Period end	P/E (times earnings)	Earnings basis
2025-12-31	47.83	Trailing four quarters
2024-12-31	18.74	Trailing four quarters
2023-12-31	23.03	Trailing four quarters

Shares outstanding — chart values
Reporting date	Shares outstanding
2017-01-01	326,300,000
2018-01-01	326,300,000
2019-01-01	326,663,900
2020-01-01	326,664,000
2021-01-01	326,664,000
2022-01-01	329,000,000
2023-01-01	320,000,000
2024-01-01	314,000,000
2025-01-01	314,000,000
2026-01-01	354,000,000

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Earnings, Profitability & Valuation
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Capital Expenditure & R&D
- Capital allocation AI review
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Balance Sheet
- Balance sheet AI review
- Assets, debt and equity
- Capital structure
- Liquidity and leverage
- Retained earnings
Dividends & Actions
- Cash dividends paid
- Dividend indicators
- Buybacks and issuance
- Combined shareholder returns
- Available corporate actions
Company Events
- Dated insider transactions
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