Constellation Energy Corp (CEG) Financial Statements
Industry: Electric Services
In fiscal 2025, Constellation Energy reported revenue of $25.53B, up 8.3% from $23.57B the year before. Net income was $2.32B (a 9.1% net margin), or $7.40 per diluted share. Gross margin was 12.1% and operating margin was 12.1%. Operating activities generated $4.24B of cash, leaving $1.29B of free cash flow. At fiscal year end, Constellation Energy held $57.25B in total assets against $42.40B in total liabilities, including $3.64B of cash and equivalents.
Open the full interactive Constellation Energy financials → Quarterly statements, key ratios, valuation history and price charts.
Constellation Energy Key Stats
| Share Price | $295.79 |
|---|---|
| Market Cap | $106.48B |
| P/E Ratio | 40.0 |
| Revenue YoY Growth | +8.3% |
| 52-Week Range | $236.14 – $401.70 |
| Shares Outstanding | 360.0 million (basic, 2026 Q2) |
Constellation Energy Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $19.65B | $24.44B | $24.92B | $23.57B | $25.53B |
| Cost of Goods Sold | $20.20B | $23.95B | $23.34B | $19.29B | $22.45B |
| Gross Profit | -$547.0M | $494.0M | $1.58B | $4.28B | $3.09B |
| Operating Income | -$346.0M | $495.0M | $1.61B | $4.35B | $3.09B |
| Pre-Tax Income | $152.0M | -$542.0M | $2.45B | $4.52B | $3.51B |
| Income Tax | $225.0M | -$388.0M | $859.0M | $774.0M | $1.19B |
| Net Income | -$205.0M | -$160.0M | $1.62B | $3.75B | $2.32B |
| Diluted EPS | — | -$0.49 | $5.01 | $11.89 | $7.40 |
Constellation Energy Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $6.57B | $6.07B | $11.12B | $7.50B |
| Net Income | $930.0M | $432.0M | $1.59B | $513.0M |
| Diluted EPS | $2.97 | $1.38 | $4.49 | $1.42 |
Constellation Energy Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $504.0M | $422.0M | $368.0M | $3.02B | $3.64B |
| Current Assets | $7.98B | $9.36B | $8.30B | $10.78B | $12.12B |
| Total Assets | $48.09B | $46.91B | $50.76B | $52.93B | $57.25B |
| Current Liabilities | $8.00B | $7.84B | $6.32B | $6.85B | $7.94B |
| Total Long-Term Debt | $5.79B | $4.61B | $7.62B | $8.41B | $7.34B |
| Total Liabilities | $36.47B | $35.54B | $39.47B | $39.39B | $42.40B |
| Shareholders' Equity | $11.61B | $11.02B | $10.93B | $13.17B | $14.52B |
Constellation Energy Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | -$1.34B | -$2.35B | -$5.30B | -$2.46B | $4.24B |
| Cash From Investing | $3.28B | $3.10B | $3.03B | $7.43B | -$3.20B |
| Cash From Financing | -$1.70B | -$799.0M | $2.20B | -$2.29B | -$420.0M |
| Free Cash Flow | -$2.67B | -$4.04B | -$7.72B | -$5.03B | $1.29B |
Figures from Constellation Energy's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Constellation Energy financials page for every line item.
Constellation Energy Company Profile
| Ticker | CEG |
|---|---|
| Exchange | Nasdaq |
| Industry | Electric Services |
| Headquarters | Baltimore, Maryland |
| Incorporated in | Pennsylvania |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001868275 |
Frequently Asked Questions
What was Constellation Energy's revenue in fiscal 2025?
Constellation Energy (CEG) reported revenue of $25.53B for fiscal 2025.
What is Constellation Energy's annual revenue history?
Constellation Energy's annual revenue by fiscal year: 2021: $19.65B; 2022: $24.44B; 2023: $24.92B; 2024: $23.57B; 2025: $25.53B.
What was Constellation Energy's net income in fiscal 2025?
Constellation Energy reported net income of $2.32B for fiscal 2025.
What was Constellation Energy's earnings per share (EPS) in fiscal 2025?
Constellation Energy's diluted EPS was $7.40 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Constellation Energy generate in fiscal 2025?
Constellation Energy generated $1.29B of free cash flow in fiscal 2025.
What was Constellation Energy's revenue last quarter?
In its most recent reported quarter (2026 Q2), Constellation Energy reported revenue of $7.50B.
How much debt does Constellation Energy have?
Constellation Energy reported $7.34B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Constellation Energy are outstanding?
Constellation Energy reported a weighted average of 360.0 million basic shares outstanding in 2026 Q2.
What is Constellation Energy's market cap?
Based on its latest closing price, Constellation Energy (CEG) has a market capitalization of about $106.48B.
When does Constellation Energy's fiscal year end?
Constellation Energy's fiscal year end, as registered with the SEC, is December 31.
Where is Constellation Energy headquartered?
Constellation Energy lists its business address in Baltimore, Maryland in its SEC filings.