Free Trial

Constellation Energy (CEG) Financials

Constellation Energy logo
$335.77 -0.64 (-0.19%)
Closing price 04:00 PM Eastern
Extended Trading
$336.64 +0.87 (+0.26%)
As of 05:28 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for Constellation Energy

Annual Income Statements for Constellation Energy

This table shows Constellation Energy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders
1,125 589 -205 -160 1,623 3,749
Consolidated Net Income / (Loss)
1,217 579 -83 -334 3,154 7,476
Net Income / (Loss) Continuing Operations
1,217 579 -83 83 1,981 4,173
Total Pre-Tax Income
1,917 836 152 -542 2,447 4,516
Total Operating Income
1,323 256 -346 495 1,610 4,352
Total Gross Profit
3,937 8,018 7,486 2,181 3,232 5,990
Total Revenue
18,924 17,603 19,649 24,440 24,918 23,568
Operating Revenue
18,924 17,603 19,649 24,440 24,918 23,568
Total Cost of Revenue
14,987 9,585 12,163 22,259 21,686 17,578
Operating Cost of Revenue
14,987 9,585 12,163 22,259 21,686 17,578
Total Operating Expenses
2,614 7,762 7,832 1,687 1,649 1,709
Selling, General & Admin Expense
- 5,168 4,555 44 0.00 0.00
Depreciation Expense
1,535 2,123 3,003 1,091 1,096 1,123
Other Operating Expenses / (Income)
1,106 482 475 552 553 586
Total Other Income / (Expense), net
594 580 498 -1,037 837 164
Interest & Investment Income
- - - -1.00 0.00 0.00
Other Income / (Expense), net
1,023 937 795 -786 1,268 670
Income Tax Expense
516 249 225 -388 859 774
Other Gains / (Losses), net
-184 -8.00 -10 -13 -11 -4.00
Net Income / (Loss) Attributable to Noncontrolling Interest
92 -10 122 -7.00 -46 -11
Weighted Average Basic Shares Outstanding
- - 653.33M 327.13M 316.67M 312.85M
Weighted Average Diluted Shares Outstanding
- - 653.33M 327.13M 316.67M 312.85M
Weighted Average Basic & Diluted Shares Outstanding
- - 653.33M 327.13M 316.67M 312.85M
Cash Dividends to Common per Share
- - - $0.14 $0.28 $0.35

Quarterly Income Statements for Constellation Energy

This table shows Constellation Energy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Income / (Loss) Attributable to Common Shareholders
33 96 833 731 -37 883 814 1,200 852 118 839
Consolidated Net Income / (Loss)
-139 102 824 690 1,538 883 809 1,196 4,588 129 833
Net Income / (Loss) Continuing Operations
278 102 824 690 365 883 809 1,196 1,285 129 833
Total Pre-Tax Income
147 238 1,171 895 143 1,048 964 1,645 859 151 1,273
Total Operating Income
-171 31 669 977 -67 813 1,100 1,467 972 451 951
Total Gross Profit
-911 404 2,559 2,744 -2,475 2,744 3,183 3,431 -1,882 2,404 2,969
Total Revenue
7,333 7,565 5,446 6,111 5,796 6,161 5,475 6,550 5,382 6,788 6,101
Total Cost of Revenue
8,244 7,161 2,887 3,367 8,271 3,417 2,292 3,119 7,264 4,384 3,132
Operating Cost of Revenue
8,244 7,161 2,887 3,367 8,271 3,417 2,292 3,119 7,264 4,384 3,132
Total Operating Expenses
-739 373 1,890 1,767 -2,381 1,931 2,083 1,964 -2,783 1,953 2,018
Selling, General & Admin Expense
- - 1,477 1,353 - 1,486 1,645 1,535 - 1,545 1,617
Depreciation Expense
272 267 274 266 289 306 296 266 255 248 254
Other Operating Expenses / (Income)
137 132 139 148 134 139 142 165 140 160 147
Total Other Income / (Expense), net
318 207 502 -82 210 235 -136 178 -113 -300 322
Interest Expense
- 107 103 82 - 127 142 147 - 146 118
Other Income / (Expense), net
382 314 605 0.00 349 362 6.00 325 -23 -154 440
Income Tax Expense
116 131 342 205 181 165 154 449 6.00 22 440
Other Gains / (Losses), net
-3.00 -5.00 -5.00 0.00 -1.00 - -1.00 0.00 -3.00 - 0.00
Net Income / (Loss) Attributable to Noncontrolling Interest
-5.00 6.00 -9.00 -41 -2.00 0.00 -5.00 -4.00 -2.00 11 -6.00
Weighted Average Basic Shares Outstanding
327.13M 324.41M 321.59M 319.38M 316.67M 315.23M 312.69M 312.77M 312.85M 313.42M 312.41M
Weighted Average Diluted Shares Outstanding
327.13M 324.41M 321.59M 319.38M 316.67M 315.23M 312.69M 312.77M 312.85M 313.42M 312.41M
Weighted Average Basic & Diluted Shares Outstanding
327.13M 324.41M 321.59M 319.38M 316.67M 315.23M 312.69M 312.77M 312.85M 313.42M 312.41M

Annual Cash Flow Statements for Constellation Energy

This table details how cash moves in and out of Constellation Energy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents
0.00 -1,792 313 -48 1,735 2,675
Net Cash From Operating Activities
0.00 584 -1,338 -2,353 -5,301 -2,464
Net Cash From Continuing Operating Activities
0.00 584 -1,338 -2,353 -5,301 -2,464
Net Income / (Loss) Continuing Operations
0.00 579 -83 -167 1,577 3,738
Consolidated Net Income / (Loss)
0.00 579 -83 -167 1,577 3,738
Depreciation Expense
0.00 3,636 4,540 2,427 2,514 2,700
Non-Cash Adjustments To Reconcile Net Income
0.00 -53 -1,011 898 -739 -278
Changes in Operating Assets and Liabilities, net
0.00 -3,578 -4,784 -5,511 -8,653 -8,624
Net Cash From Investing Activities
0.00 1,958 3,282 3,104 3,031 7,428
Net Cash From Continuing Investing Activities
0.00 1,958 3,312 3,133 4,721 7,460
Purchase of Property, Plant & Equipment
0.00 -1,747 -1,329 -1,689 -2,422 -2,565
Purchase of Investments
0.00 -3,464 -6,673 -4,271 -6,050 -6,282
Sale and/or Maturity of Investments
0.00 3,341 6,532 4,050 5,822 6,005
Other Investing Activities, net
0.00 3,782 3,904 5,043 7,371 10,302
Net Cash From Financing Activities
0.00 -2,664 -1,695 -799 2,196 -2,289
Net Cash From Continuing Financing Activities
0.00 -4,334 -1,631 -799 2,315 -2,287
Repayment of Debt
0.00 -4,934 -151 -2,377 -326 -861
Payment of Dividends
- -3,468 -1,832 -185 -1,239 -1,441
Issuance of Debt
0.00 3,655 1,394 271 3,880 15
Issuance of Common Equity
0.00 64 64 1,750 0.00 0.00
Other Financing Activities, net
- 349 -1,106 -258 0.00 0.00

Quarterly Cash Flow Statements for Constellation Energy

This table details how cash moves in and out of Constellation Energy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Change in Cash & Equivalents
-775 132 349 1,995 -741 192 990 1,610 -85 -1,337 121
Net Cash From Operating Activities
-2,422 -934 -192 -993 -3,182 -723 -613 -112 -1,016 107 1,477
Net Cash From Continuing Operating Activities
-2,422 -934 -192 -993 -3,182 -723 -581 -112 -1,016 107 1,477
Net Income / (Loss) Continuing Operations
28 102 824 690 -39 883 809 1,196 850 129 833
Consolidated Net Income / (Loss)
28 102 824 690 -39 883 809 1,196 850 129 833
Depreciation Expense
617 605 614 621 674 694 694 661 651 640 660
Non-Cash Adjustments To Reconcile Net Income
-309 -177 -478 122 -206 -206 116 -240 84 297 -361
Changes in Operating Assets and Liabilities, net
-2,758 -1,464 -1,152 -2,426 -3,611 -2,094 -2,200 -1,729 -2,601 -959 345
Net Cash From Investing Activities
1,233 219 -48 2,008 852 830 1,820 2,406 2,372 -886 -872
Net Cash From Continuing Investing Activities
1,262 219 -48 2,008 2,542 830 1,820 2,406 2,404 -886 -872
Purchase of Property, Plant & Equipment
-599 -660 -676 -399 -687 -738 -546 -552 -729 -806 -767
Acquisitions
- -17 -3.00 -1.00 - -14 -1.00 -7.00 - -5.00 -5.00
Purchase of Investments
-1,059 -2,030 -1,173 -1,171 -1,676 -1,847 -1,196 -2,097 -1,142 -2,152 -1,847
Sale and/or Maturity of Investments
1,016 1,977 1,139 1,105 1,601 1,779 1,111 2,044 1,071 2,084 1,746
Other Investing Activities, net
1,945 925 689 2,474 3,283 1,650 2,459 3,018 3,182 -7.00 1.00
Net Cash From Financing Activities
414 523 229 637 807 84 -1,469 -795 -109 -408 -485
Net Cash From Continuing Financing Activities
414 847 589 980 -101 85 -249 -684 -1,439 -558 -484
Repayment of Debt
456 -252 -79 -13 18 -570 -234 -204 -18 -286 -863
Payment of Dividends
-46 - - - - -610 - - - -272 -521
Issuance of Debt
262 1,099 668 993 1,120 1,265 -625 -480 20 0.00 900

Annual Balance Sheets for Constellation Energy

This table presents Constellation Energy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets
0.00 48,086 46,909 50,758 52,926
Total Current Assets
0.00 7,981 9,360 8,299 10,776
Cash & Equivalents
0.00 504 422 368 3,022
Restricted Cash
0.00 72 106 86 107
Accounts Receivable
0.00 2,421 3,316 2,851 3,718
Inventories, net
0.00 1,004 1,505 1,500 1,600
Other Current Assets
0.00 3,696 4,011 3,494 2,329
Plant, Property, & Equipment, net
0.00 19,612 19,822 22,116 21,235
Total Noncurrent Assets
0.00 40,986 17,727 20,343 20,915
Long-Term Investments
0.00 174 202 563 640
Goodwill
- - 47 425 420
Other Noncurrent Operating Assets
0.00 39,097 17,434 19,303 19,855
Total Liabilities & Shareholders' Equity
0.00 48,086 46,909 50,758 52,926
Total Liabilities
0.00 36,472 35,537 39,472 39,387
Total Current Liabilities
0.00 7,996 7,839 6,319 6,846
Short-Term Debt
0.00 3,302 1,302 1,765 1,028
Accounts Payable
0.00 1,888 3,734 2,612 3,943
Other Current Liabilities
0.00 2,069 2,803 1,942 1,875
Total Noncurrent Liabilities
0.00 52,058 27,698 33,153 32,541
Long-Term Debt
0.00 4,575 4,466 7,496 7,384
Asset Retirement Reserve & Litigation Obligation
0.00 14,029 13,929 15,414 13,815
Noncurrent Deferred & Payable Income Tax Liabilities
0.00 3,703 3,031 3,209 3,331
Noncurrent Employee Benefit Liabilities
0.00 847 1,214 1,802 1,875
Other Noncurrent Operating Liabilities
0.00 5,322 5,058 5,232 6,136
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
0.00 11,614 11,414 11,374 13,583
Total Preferred & Common Equity
0.00 11,987 10,152 10,107 12,302
Total Common Equity
0.00 11,987 11,060 11,013 13,210
Common Stock
0.00 11,250 12,408 11,537 10,538
Retained Earnings
0.00 768 -496 761 4,066
Accumulated Other Comprehensive Income / (Loss)
0.00 -31 -1,760 -2,191 -2,302
Noncontrolling Interest
- 11,614 354 361 373

Quarterly Balance Sheets for Constellation Energy

This table presents Constellation Energy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Total Assets
46,909 1,679 46,559 48,965 50,758 52,014 51,340 51,834 52,926 52,252 53,038
Total Current Assets
9,360 16,233 7,575 9,902 8,299 8,460 7,852 9,270 10,776 9,631 9,233
Cash & Equivalents
422 - 269 1,889 368 562 311 1,793 3,022 1,846 1,974
Restricted Cash
106 - 56 88 86 83 72 89 107 96 88
Accounts Receivable
3,316 1,071 1,952 2,264 2,851 2,327 2,211 1,765 3,718 3,637 3,518
Inventories, net
1,505 518 1,387 1,422 1,500 1,385 1,442 1,472 1,600 1,502 1,585
Other Current Assets
4,011 - 3,911 4,239 3,494 4,103 3,816 4,151 2,329 2,550 2,068
Plant, Property, & Equipment, net
19,822 0.00 20,239 20,849 22,116 22,446 21,973 20,892 21,235 21,566 21,820
Total Noncurrent Assets
17,727 90 18,745 18,214 20,343 21,108 21,515 21,672 20,915 21,055 21,985
Long-Term Investments
202 - 647 727 563 623 584 494 640 386 398
Goodwill
47 - - - 425 425 420 420 420 420 420
Other Noncurrent Operating Assets
17,434 - 18,055 17,444 19,303 20,022 20,486 20,723 19,855 20,249 21,167
Total Liabilities & Shareholders' Equity
46,909 92,333 46,559 48,965 50,758 52,014 51,340 51,834 52,926 52,252 53,038
Total Liabilities
35,537 10,981 34,947 36,965 39,472 40,454 39,559 38,893 39,387 38,918 39,235
Total Current Liabilities
7,839 5,941 5,225 5,263 6,319 5,922 5,801 5,452 6,846 6,545 6,256
Short-Term Debt
1,302 1,410 1,045 643 1,765 1,631 1,715 1,034 1,028 1,037 1,025
Accounts Payable
3,734 3,101 1,260 3,569 2,612 2,417 2,422 2,685 3,943 3,614 3,659
Other Current Liabilities
2,803 - 2,176 2,368 1,942 1,874 1,664 1,733 1,875 1,894 1,572
Total Noncurrent Liabilities
27,698 5,040 29,722 31,702 33,153 34,532 33,758 33,441 32,541 32,373 32,979
Long-Term Debt
4,466 - 6,156 7,512 7,496 8,352 7,409 7,378 7,384 7,321 7,286
Asset Retirement Reserve & Litigation Obligation
13,929 - 14,231 15,075 15,414 15,591 14,841 13,671 13,815 13,905 14,076
Noncurrent Deferred & Payable Income Tax Liabilities
3,031 - 3,203 3,208 3,209 3,208 3,377 3,554 3,331 3,226 3,348
Noncurrent Employee Benefit Liabilities
1,214 2,556 1,276 1,252 1,802 1,634 1,626 1,641 1,875 1,755 1,763
Other Noncurrent Operating Liabilities
5,058 2,484 4,856 4,655 5,232 5,747 6,505 7,197 6,136 6,166 6,506
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
11,414 -3,698 11,721 12,108 11,374 11,658 11,876 13,007 13,583 13,427 13,864
Total Preferred & Common Equity
10,152 -3,698 10,460 10,868 10,107 10,390 10,613 11,729 12,302 12,141 12,598
Total Common Equity
11,060 -3,698 11,365 11,774 11,013 11,297 11,520 12,636 13,210 13,049 13,507
Common Stock
12,408 - 12,012 11,778 11,537 11,038 10,538 10,538 10,538 10,388 10,091
Retained Earnings
-496 -82 248 887 761 1,532 2,236 3,325 4,066 4,062 4,779
Accumulated Other Comprehensive Income / (Loss)
-1,760 -3,616 -1,800 -1,797 -2,191 -2,180 -2,161 -2,134 -2,302 -2,309 -2,272
Noncontrolling Interest
354 - 356 334 361 361 356 371 373 378 357

Annual Metrics And Ratios for Constellation Energy

This table displays calculated financial ratios and metrics derived from Constellation Energy's official financial filings.

Metric 2019 2020 2021 2022 2023 2024
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics
- - - - - -
Revenue Growth
0.00% -6.98% 11.62% 24.38% 1.96% -5.42%
EBITDA Growth
0.00% 24.43% 3.31% -57.19% 152.43% 43.21%
EBIT Growth
0.00% -49.15% -62.36% -164.81% 1,089.00% 74.50%
NOPAT Growth
0.00% -81.41% -7.56% 108.52% 201.54% 245.14%
Net Income Growth
0.00% -52.42% -114.34% -302.41% 1,044.31% 137.03%
EPS Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Growth
0.00% 0.00% -329.11% -75.86% -125.29% 53.52%
Free Cash Flow Firm Growth
0.00% 0.00% -8,557.15% 95.42% -198.37% 338.73%
Invested Capital Growth
0.00% 0.00% 0.00% 6.78% 19.01% -6.90%
Revenue Q/Q Growth
0.00% 0.00% 0.00% 7.96% -5.81% -1.73%
EBITDA Q/Q Growth
0.00% 0.00% 0.00% 0.28% 2.43% 9.10%
EBIT Q/Q Growth
0.00% 0.00% 0.00% -8.18% 2.53% 15.32%
NOPAT Q/Q Growth
0.00% 0.00% 0.00% -25.45% 2.62% 45.08%
Net Income Q/Q Growth
0.00% 0.00% 0.00% -115.48% 91.85% 162.41%
EPS Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth
0.00% 0.00% 0.00% -4.90% -16.74% 46.78%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00% 0.00% 0.00% -1,485.71% 1,486.24%
Invested Capital Q/Q Growth
0.00% 0.00% 0.00% 9.51% 21.05% -4.19%
Profitability Metrics
- - - - - -
Gross Margin
20.80% 45.55% 38.10% 8.92% 12.97% 25.42%
EBITDA Margin
20.51% 27.43% 25.39% 8.74% 21.64% 32.76%
Operating Margin
6.99% 1.45% -1.76% 2.03% 6.46% 18.47%
EBIT Margin
12.40% 6.78% 2.29% -1.19% 11.55% 21.31%
Profit (Net Income) Margin
6.43% 3.29% -0.42% -1.37% 12.66% 31.72%
Tax Burden Percent
63.48% 69.26% -54.61% 61.62% 128.89% 165.54%
Interest Burden Percent
81.71% 70.08% 33.85% 186.25% 85.02% 89.92%
Effective Tax Rate
26.92% 29.78% 148.03% 0.00% 35.10% 17.14%
Return on Invested Capital (ROIC)
0.00% 0.00% 2.16% 2.18% 5.81% 19.12%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 0.00% -11.11% -13.37% 37.89% 79.80%
Return on Net Nonoperating Assets (RNNOA)
0.00% 0.00% -3.59% -5.08% 21.87% 40.79%
Return on Equity (ROE)
0.00% 0.00% -1.43% -2.90% 27.68% 59.91%
Cash Return on Invested Capital (CROIC)
0.00% 0.00% -197.84% -4.38% -11.55% 26.27%
Operating Return on Assets (OROA)
0.00% 0.00% 1.87% -0.61% 5.89% 9.69%
Return on Assets (ROA)
0.00% 0.00% -0.35% -0.70% 6.46% 14.42%
Return on Common Equity (ROCE)
0.00% 0.00% -1.48% -2.90% 26.81% 58.15%
Return on Equity Simple (ROE_SIMPLE)
0.00% 0.00% -0.69% -3.29% 31.21% 60.77%
Net Operating Profit after Tax (NOPAT)
967 180 166 347 1,045 3,606
NOPAT Margin
5.11% 1.02% 0.85% 1.42% 4.19% 15.30%
Net Nonoperating Expense Percent (NNEP)
0.00% 0.00% 13.28% 15.55% -32.07% -60.68%
Return On Investment Capital (ROIC_SIMPLE)
- - - 2.02% 5.06% 16.40%
Cost of Revenue to Revenue
79.20% 54.45% 61.90% 91.08% 87.03% 74.58%
SG&A Expenses to Revenue
0.00% 29.36% 23.18% 0.18% 0.00% 0.00%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
13.81% 44.09% 39.86% 6.90% 6.62% 7.25%
Earnings before Interest and Taxes (EBIT)
2,346 1,193 449 -291 2,878 5,022
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
3,881 4,829 4,989 2,136 5,392 7,722
Valuation Ratios
- - - - - -
Price to Book Value (P/BV)
0.00 0.00 0.00 2.50 3.37 5.30
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 2.51 3.50 5.47
Price to Revenue (P/Rev)
0.00 0.00 0.00 1.13 1.49 2.97
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 22.84 18.66
Dividend Yield
0.00% 0.00% 0.00% 0.67% 0.97% 0.63%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 4.38% 5.36%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.00 0.00 2.01 2.34 4.12
Enterprise Value to Revenue (EV/Rev)
0.00 0.00 0.00 1.35 1.83 3.18
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 15.47 8.47 9.71
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 15.87 14.93
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 95.39 43.72 20.79
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 15.14
Leverage & Solvency
- - - - - -
Debt to Equity
0.00 0.00 0.68 0.51 0.81 0.62
Long-Term Debt to Equity
0.00 0.00 0.39 0.39 0.66 0.54
Financial Leverage
0.00 0.00 0.32 0.38 0.58 0.51
Leverage Ratio
0.00 0.00 4.14 4.13 4.29 4.15
Compound Leverage Factor
0.00 0.00 1.40 7.68 3.64 3.74
Debt to Total Capital
0.00% 0.00% 40.41% 33.57% 44.88% 38.25%
Short-Term Debt to Total Capital
0.00% 0.00% 16.94% 7.58% 8.55% 4.67%
Long-Term Debt to Total Capital
0.00% 0.00% 23.47% 25.99% 36.33% 33.57%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 59.59% 2.06% 1.75% 1.70%
Common Equity to Total Capital
0.00% 0.00% 61.50% 64.37% 53.37% 60.06%
Debt to EBITDA
0.00 0.00 1.58 2.70 1.72 1.09
Net Debt to EBITDA
0.00 0.00 1.43 2.36 1.53 0.60
Long-Term Debt to EBITDA
0.00 0.00 0.92 2.09 1.39 0.96
Debt to NOPAT
0.00 0.00 47.40 16.65 8.86 2.33
Net Debt to NOPAT
0.00 0.00 42.89 14.54 7.89 1.29
Long-Term Debt to NOPAT
0.00 0.00 27.53 12.89 7.17 2.05
Altman Z-Score
0.00 0.00 0.00 0.99 1.31 2.02
Noncontrolling Interest Sharing Ratio
0.00% 0.00% -3.21% -0.08% 3.14% 2.94%
Liquidity Ratios
- - - - - -
Current Ratio
0.00 0.00 1.00 1.19 1.31 1.57
Quick Ratio
0.00 0.00 0.37 0.48 0.51 0.98
Cash Flow Metrics
- - - - - -
Free Cash Flow to Firm (FCFF)
0.00 180 -15,202 -696 -2,075 4,954
Operating Cash Flow to CapEx
0.00% 34.33% -296.67% -139.31% -218.87% -96.06%
Free Cash Flow to Firm to Interest Expense
0.00 0.50 -51.18 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 1.64 -4.51 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 -3.13 -6.02 0.00 0.00 0.00
Efficiency Ratios
- - - - - -
Asset Turnover
0.00 0.00 0.82 0.51 0.51 0.45
Accounts Receivable Turnover
0.00 0.00 0.00 8.52 8.08 7.18
Inventory Turnover
0.00 0.00 0.00 17.74 14.43 11.34
Fixed Asset Turnover
0.00 0.00 0.00 1.24 1.19 1.09
Accounts Payable Turnover
0.00 0.00 0.00 7.92 6.83 5.36
Days Sales Outstanding (DSO)
0.00 0.00 0.00 42.84 45.17 50.87
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 20.57 25.29 32.19
Days Payable Outstanding (DPO)
0.00 0.00 0.00 46.09 53.41 68.06
Cash Conversion Cycle (CCC)
0.00 0.00 0.00 17.32 17.05 15.00
Capital & Investment Metrics
- - - - - -
Invested Capital
0.00 0.00 15,368 16,410 19,530 18,182
Invested Capital Turnover
0.00 0.00 2.56 1.54 1.39 1.25
Increase / (Decrease) in Invested Capital
0.00 0.00 15,368 1,042 3,120 -1,348
Enterprise Value (EV)
0.00 0.00 0.00 33,053 45,680 74,985
Market Capitalization
0.00 0.00 0.00 27,661 37,075 69,969
Book Value per Share
$0.00 $0.00 $18.35 $33.82 $34.48 $42.24
Tangible Book Value per Share
$0.00 $0.00 $18.35 $33.68 $33.15 $40.89
Total Capital
0.00 0.00 19,491 17,182 20,635 21,995
Total Debt
0.00 0.00 7,877 5,768 9,261 8,412
Total Long-Term Debt
0.00 0.00 4,575 4,466 7,496 7,384
Net Debt
0.00 0.00 7,127 5,038 8,244 4,643
Capital Expenditures (CapEx)
0.00 1,701 451 1,689 2,422 2,565
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.00 0.00 2,711 2,295 3,291 1,829
Debt-free Net Working Capital (DFNWC)
0.00 0.00 3,287 2,823 3,745 4,958
Net Working Capital (NWC)
0.00 0.00 -15 1,521 1,980 3,930
Net Nonoperating Expense (NNE)
-250 -399 249 681 -2,109 -3,870
Net Nonoperating Obligations (NNO)
0.00 0.00 3,754 4,996 8,156 4,599
Total Depreciation and Amortization (D&A)
1,535 3,636 4,540 2,427 2,514 2,700
Debt-free, Cash-free Net Working Capital to Revenue
0.00% 0.00% 13.80% 9.39% 13.21% 7.76%
Debt-free Net Working Capital to Revenue
0.00% 0.00% 16.73% 11.55% 15.03% 21.04%
Net Working Capital to Revenue
0.00% 0.00% -0.08% 6.22% 7.95% 16.68%
Earnings Adjustments
- - - - - -
Adjusted Basic Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding
0.00 0.00 653.33M 327.13M 316.67M 312.85M
Adjusted Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding
0.00 0.00 653.33M 327.13M 316.67M 312.85M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 653.33M 327.13M 316.67M 312.85M
Normalized Net Operating Profit after Tax (NOPAT)
947 172 -383 347 1,045 3,606
Normalized NOPAT Margin
5.01% 0.98% -1.95% 1.42% 4.19% 15.30%
Pre Tax Income Margin
10.13% 4.75% 0.77% -2.22% 9.82% 19.16%
Debt Service Ratios
- - - - - -
EBIT to Interest Expense
5.47 3.34 1.51 0.00 0.00 0.00
NOPAT to Interest Expense
2.25 0.50 0.56 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
5.47 -1.42 -0.01 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
2.25 -4.26 -0.96 0.00 0.00 0.00
Payout Ratios
- - - - - -
Dividend Payout Ratio
0.00% 598.96% -2,207.23% -55.39% 39.28% 19.28%
Augmented Payout Ratio
0.00% 598.96% -2,207.23% -55.39% 39.28% 19.28%

Quarterly Metrics And Ratios for Constellation Energy

This table displays calculated financial ratios and metrics derived from Constellation Energy's official financial filings.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Growth Metrics
- - - - - - - - - - -
Revenue Growth
32.58% 35.31% -0.35% 0.99% -20.96% -18.56% 0.53% 7.18% -7.14% 10.18% 11.43%
EBITDA Growth
0.73% 32.13% 746.64% 336.61% 15.46% 96.74% -4.66% 53.50% 67.36% -49.87% 13.94%
EBIT Growth
-9.44% 194.87% 433.51% 512.24% 33.65% 240.58% -13.19% 83.42% 236.52% -74.72% 25.77%
NOPAT Growth
-6,497.56% -98.29% 148.75% 2,724.45% 149.37% 4,814.98% 95.15% 41.60% 5,321.25% -43.75% -32.67%
Net Income Growth
-447.50% -8.11% 829.20% 457.51% 1,206.47% 765.69% -1.82% 73.33% 198.31% -85.39% 2.97%
EPS Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Growth
-4.76% -169.13% -118.18% 16.83% -31.38% 22.59% -219.27% 88.72% 68.07% 114.80% 340.95%
Free Cash Flow Firm Growth
0.00% 259.77% 84.85% 97.36% -187.76% -217.92% 48.10% -348.84% 174.57% 104.72% 177.28%
Invested Capital Growth
6.78% -151.25% 18.09% 7.67% 19.01% 356.91% 11.75% 17.62% -6.90% -4.49% -1.42%
Revenue Q/Q Growth
21.19% 3.16% -28.01% 12.21% -5.15% 6.30% -11.13% 19.63% -17.83% 26.12% -10.12%
EBITDA Q/Q Growth
126.23% 14.73% 98.74% -15.36% -40.18% 95.50% -3.69% 36.28% -34.77% -41.44% 118.89%
EBIT Q/Q Growth
189.03% 63.51% 269.28% -23.31% -71.14% 316.67% -5.87% 62.03% -47.04% -68.70% 368.35%
NOPAT Q/Q Growth
-25.65% 138.65% 3,298.25% 59.04% -97.64% 3,747.40% 34.93% 15.40% -9.50% -60.08% 61.51%
Net Income Q/Q Growth
27.98% 264.29% 707.84% -16.26% 122.90% 2,364.10% -8.38% 47.84% 283.61% -97.19% 545.74%
EPS Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth
-102.85% 61.44% 79.44% -417.19% -220.44% 77.28% 15.21% 81.73% -807.14% 110.53% 1,280.37%
Free Cash Flow Firm Q/Q Growth
92.82% 2,261.84% -109.69% 82.48% -683.81% -785.89% 95.73% -51.48% 230.22% -43.96% -30.09%
Invested Capital Q/Q Growth
9.51% -148.09% 326.06% -9.57% 21.05% 3.81% -1.66% -4.82% -4.19% 6.50% 1.50%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
-12.42% 5.34% 46.99% 44.90% -42.70% 20.42% 58.14% 52.38% -34.97% 35.42% 48.66%
EBITDA Margin
11.29% 12.56% 34.67% 26.15% 16.49% 30.34% 32.88% 37.45% 29.73% 13.80% 33.62%
Operating Margin
-2.33% 0.41% 12.28% 15.99% -1.16% 13.20% 20.09% 22.40% 18.06% 6.64% 15.59%
EBIT Margin
2.88% 4.56% 23.39% 15.99% 4.87% 19.07% 20.20% 27.36% 17.63% 4.38% 22.80%
Profit (Net Income) Margin
-1.90% 1.35% 15.13% 11.29% 26.54% 14.33% 14.78% 18.26% 85.25% 1.90% 13.65%
Tax Burden Percent
-94.56% 42.86% 70.37% 77.10% 1,075.52% 84.26% 83.92% 72.71% 534.11% 85.43% 65.44%
Interest Burden Percent
69.67% 68.99% 91.92% 91.61% 50.71% 89.19% 87.16% 91.80% 90.52% 50.84% 91.52%
Effective Tax Rate
78.91% 55.04% 29.21% 22.91% 126.57% 15.74% 15.98% 27.29% 0.70% 14.57% 34.56%
Return on Invested Capital (ROIC)
-0.76% 1.30% 13.93% 20.96% 0.43% 42.23% 21.04% 22.24% 22.42% 6.93% 12.79%
ROIC Less NNEP Spread (ROIC-NNEP)
-3.11% -53.57% 21.05% 19.35% 23.54% 51.18% 19.42% 24.83% 79.22% 3.41% 15.83%
Return on Net Nonoperating Assets (RNNOA)
-1.18% 2.20% 8.97% 6.54% 13.59% 28.44% 11.67% 9.88% 40.49% 1.98% 8.52%
Return on Equity (ROE)
-1.94% 3.49% 22.90% 27.50% 14.01% 70.66% 32.71% 32.13% 62.90% 8.91% 21.31%
Cash Return on Invested Capital (CROIC)
-4.38% 0.00% -14.74% -0.84% -11.55% -130.36% 0.39% -2.04% 26.27% 21.22% 16.31%
Operating Return on Assets (OROA)
1.48% 4.96% 13.44% 8.85% 2.48% 16.70% 9.72% 13.02% 8.02% 2.03% 10.84%
Return on Assets (ROA)
-0.98% 1.47% 8.69% 6.25% 13.54% 12.55% 7.11% 8.69% 38.75% 0.88% 6.49%
Return on Common Equity (ROCE)
-1.94% 3.31% 22.17% 26.67% 13.57% 67.46% 31.72% 31.23% 61.05% 8.64% 20.72%
Return on Equity Simple (ROE_SIMPLE)
0.00% 4.76% 7.28% 15.13% 0.00% 22.69% 22.08% 24.29% 0.00% 55.37% 0.00%
Net Operating Profit after Tax (NOPAT)
-36 14 474 753 18 685 924 1,067 965 385 622
NOPAT Margin
-0.49% 0.18% 8.70% 12.33% 0.31% 11.12% 16.88% 16.28% 17.93% 5.68% 10.20%
Net Nonoperating Expense Percent (NNEP)
2.35% 54.87% -7.12% 1.61% -23.12% -8.95% 1.63% -2.59% -56.81% 3.52% -3.04%
Return On Investment Capital (ROIC_SIMPLE)
-0.21% - - - 0.09% - - - 4.39% 1.77% 2.81%
Cost of Revenue to Revenue
112.42% 94.66% 53.01% 55.10% 142.70% 79.58% 41.86% 47.62% 134.97% 64.58% 51.34%
SG&A Expenses to Revenue
0.00% 0.00% 27.12% 22.14% 0.00% 0.00% 30.05% 23.44% 0.00% 22.76% 26.50%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
-10.08% 4.93% 34.70% 28.92% -41.08% 7.22% 38.05% 29.98% -51.71% 28.77% 33.08%
Earnings before Interest and Taxes (EBIT)
211 345 1,274 977 282 1,175 1,106 1,792 949 297 1,391
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
828 950 1,888 1,598 956 1,869 1,800 2,453 1,600 937 2,051
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
2.50 0.00 2.59 2.96 3.37 5.21 5.47 6.43 5.30 4.83 7.49
Price to Tangible Book Value (P/TBV)
2.51 0.00 2.59 2.96 3.50 5.41 5.68 6.66 5.47 4.99 7.73
Price to Revenue (P/Rev)
1.13 0.96 1.11 1.32 1.49 2.50 2.68 3.39 2.97 2.61 4.08
Price to Earnings (P/E)
0.00 0.00 37.98 20.56 22.84 24.41 26.36 28.43 18.66 21.14 33.62
Dividend Yield
0.67% 0.91% 0.93% 0.91% 0.97% 0.65% 0.63% 0.52% 0.63% 0.72% 0.57%
Earnings Yield
0.00% 0.00% 2.63% 4.86% 4.38% 4.10% 3.79% 3.52% 5.36% 4.73% 2.97%
Enterprise Value to Invested Capital (EV/IC)
2.01 0.00 2.02 2.52 2.34 3.35 3.59 4.62 4.12 3.59 5.46
Enterprise Value to Revenue (EV/Rev)
1.35 1.01 1.36 1.53 1.83 2.89 3.04 3.66 3.18 2.87 4.33
Enterprise Value to EBITDA (EV/EBITDA)
15.47 11.30 8.92 7.71 8.47 10.76 11.49 12.39 9.71 10.23 15.25
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 22.59 14.46 15.87 18.32 20.21 20.14 14.93 16.77 24.24
Enterprise Value to NOPAT (EV/NOPAT)
95.39 419.71 117.89 39.87 43.72 39.12 32.96 35.29 20.79 21.09 36.47
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 235.45
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 1.14 0.00 0.00 0.00 0.00 973.56 0.00 15.14 16.52 33.26
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.51 -0.38 0.61 0.67 0.81 0.86 0.77 0.65 0.62 0.62 0.60
Long-Term Debt to Equity
0.39 0.00 0.53 0.62 0.66 0.72 0.62 0.57 0.54 0.55 0.53
Financial Leverage
0.38 -0.04 0.43 0.34 0.58 0.56 0.60 0.40 0.51 0.58 0.54
Leverage Ratio
4.13 6.20 3.98 4.11 4.29 6.75 4.15 4.01 4.15 4.16 4.06
Compound Leverage Factor
2.87 4.28 3.66 3.77 2.17 6.02 3.62 3.68 3.76 2.11 3.71
Debt to Total Capital
33.57% -61.63% 38.06% 40.25% 44.88% 46.13% 43.45% 39.27% 38.25% 38.37% 37.48%
Short-Term Debt to Total Capital
7.58% -61.63% 5.52% 3.17% 8.55% 7.54% 8.17% 4.83% 4.67% 4.76% 4.62%
Long-Term Debt to Total Capital
25.99% 0.00% 32.53% 37.07% 36.33% 38.59% 35.28% 34.45% 33.57% 33.61% 32.86%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
2.06% 0.00% 1.88% 1.65% 1.75% 1.67% 1.70% 1.73% 1.70% 1.74% 1.61%
Common Equity to Total Capital
64.37% 161.63% 60.06% 58.11% 53.37% 52.20% 54.86% 58.99% 60.06% 59.90% 60.91%
Debt to EBITDA
2.70 0.60 1.79 1.55 1.72 1.58 1.47 1.19 1.09 1.23 1.18
Net Debt to EBITDA
2.36 0.60 1.54 1.04 1.53 1.38 1.31 0.85 0.60 0.89 0.83
Long-Term Debt to EBITDA
2.09 0.00 1.53 1.43 1.39 1.32 1.19 1.04 0.96 1.08 1.03
Debt to NOPAT
16.65 22.14 23.59 8.01 8.86 5.75 4.20 3.38 2.33 2.54 2.82
Net Debt to NOPAT
14.54 22.14 20.41 5.35 7.89 5.02 3.76 2.43 1.29 1.83 1.99
Long-Term Debt to NOPAT
12.89 0.00 20.17 7.38 7.17 4.81 3.41 2.97 2.05 2.22 2.47
Altman Z-Score
1.03 25.08 1.23 1.31 1.14 1.50 1.59 2.01 1.77 1.63 2.30
Noncontrolling Interest Sharing Ratio
-0.08% 5.11% 3.22% 3.01% 3.14% 4.54% 3.02% 2.81% 2.94% 2.95% 2.77%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
1.19 2.73 1.45 1.88 1.31 1.43 1.35 1.70 1.57 1.47 1.48
Quick Ratio
0.48 0.18 0.43 0.79 0.51 0.49 0.43 0.65 0.98 0.84 0.88
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-1,078 23,306 -2,259 -396 -3,102 -27,482 -1,173 -1,776 2,313 1,296 906
Operating Cash Flow to CapEx
-404.34% -146.86% -28.40% -248.87% -463.17% -98.91% -112.27% -20.29% -139.37% 13.28% 192.57%
Free Cash Flow to Firm to Interest Expense
0.00 217.81 -21.94 -4.83 0.00 -216.39 -8.26 -12.08 0.00 8.88 7.68
Operating Cash Flow to Interest Expense
0.00 -8.73 -1.86 -12.11 0.00 -5.69 -4.32 -0.76 0.00 0.73 12.52
Operating Cash Flow Less CapEx to Interest Expense
0.00 -14.67 -8.43 -16.98 0.00 -11.45 -8.16 -4.52 0.00 -4.79 6.02
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.51 1.09 0.57 0.55 0.51 0.88 0.48 0.48 0.45 0.46 0.48
Accounts Receivable Turnover
8.52 15.80 12.96 11.35 8.08 13.84 11.31 11.90 7.18 8.11 8.67
Inventory Turnover
17.74 29.92 17.31 15.01 14.43 14.44 9.30 8.92 11.34 12.85 12.81
Fixed Asset Turnover
1.24 0.00 1.32 1.30 1.19 0.00 1.12 1.15 1.09 1.10 1.13
Accounts Payable Turnover
7.92 10.43 13.88 6.98 6.83 4.98 7.14 4.13 5.36 6.15 6.38
Days Sales Outstanding (DSO)
42.84 23.10 28.15 32.16 45.17 26.37 32.27 30.66 50.87 44.99 42.12
Days Inventory Outstanding (DIO)
20.57 12.20 21.08 24.32 25.29 25.27 39.27 40.94 32.19 28.41 28.50
Days Payable Outstanding (DPO)
46.09 35.00 26.31 52.31 53.41 73.28 51.11 88.48 68.06 59.35 57.25
Cash Conversion Cycle (CCC)
17.32 0.30 22.93 4.17 17.05 -21.63 20.43 -16.87 15.00 14.05 13.37
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
16,410 -7,892 17,841 16,134 19,530 20,275 19,938 18,977 18,182 19,364 19,654
Invested Capital Turnover
1.54 7.04 1.60 1.70 1.39 3.80 1.25 1.37 1.25 1.22 1.25
Increase / (Decrease) in Invested Capital
1,042 -23,292 2,733 1,149 3,120 28,167 2,097 2,843 -1,348 -911 -284
Enterprise Value (EV)
33,053 26,736 35,980 40,597 45,680 67,914 71,528 87,712 74,985 69,487 107,367
Market Capitalization
27,661 25,326 29,395 34,812 37,075 58,838 63,015 81,305 69,969 63,079 101,159
Book Value per Share
$33.82 ($11.30) $35.03 $36.61 $34.48 $35.84 $36.54 $40.41 $42.24 $41.71 $43.10
Tangible Book Value per Share
$33.68 ($11.30) $35.03 $36.61 $33.15 $34.49 $35.21 $39.07 $40.89 $40.37 $41.76
Total Capital
17,182 -2,288 18,922 20,263 20,635 21,641 21,000 21,419 21,995 21,785 22,175
Total Debt
5,768 1,410 7,201 8,155 9,261 9,983 9,124 8,412 8,412 8,358 8,311
Total Long-Term Debt
4,466 0.00 6,156 7,512 7,496 8,352 7,409 7,378 7,384 7,321 7,286
Net Debt
5,038 1,410 6,229 5,451 8,244 8,715 8,157 6,036 4,643 6,030 5,851
Capital Expenditures (CapEx)
599 636 676 399 687 731 546 552 729 806 767
Debt-free, Cash-free Net Working Capital (DFCFNWC)
2,295 11,702 3,070 3,305 3,291 3,524 3,383 2,970 1,829 2,181 1,940
Debt-free Net Working Capital (DFNWC)
2,823 11,702 3,395 5,282 3,745 4,169 3,766 4,852 4,958 4,123 4,002
Net Working Capital (NWC)
1,521 10,292 2,350 4,639 1,980 2,538 2,051 3,818 3,930 3,086 2,977
Net Nonoperating Expense (NNE)
103 -88 -350 63 -1,520 -198 115 -129 -3,623 256 -211
Net Nonoperating Obligations (NNO)
4,996 -4,194 6,120 4,026 8,156 8,617 8,062 5,970 4,599 5,937 5,790
Total Depreciation and Amortization (D&A)
617 605 614 621 674 694 694 661 651 640 660
Debt-free, Cash-free Net Working Capital to Revenue
9.39% 44.30% 11.63% 12.49% 13.21% 14.99% 14.37% 12.38% 7.76% 9.01% 7.82%
Debt-free Net Working Capital to Revenue
11.55% 44.30% 12.86% 19.97% 15.03% 17.73% 16.00% 20.23% 21.04% 17.04% 16.12%
Net Working Capital to Revenue
6.22% 38.96% 8.90% 17.54% 7.95% 10.79% 8.71% 15.92% 16.68% 12.75% 11.99%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding
327.13M 324.41M 321.59M 319.38M 316.67M 315.23M 312.69M 312.77M 312.85M 313.42M 312.41M
Adjusted Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding
327.13M 324.41M 321.59M 319.38M 316.67M 315.23M 312.69M 312.77M 312.85M 313.42M 312.41M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
327.13M 324.41M 321.59M 319.38M 316.67M 315.23M 312.69M 312.77M 312.85M 313.42M 312.41M
Normalized Net Operating Profit after Tax (NOPAT)
-120 3.50 474 753 -47 685 924 1,065 965 385 622
Normalized NOPAT Margin
-1.63% 0.05% 8.70% 12.33% -0.81% 11.12% 16.88% 16.26% 17.93% 5.68% 10.20%
Pre Tax Income Margin
2.00% 3.15% 21.50% 14.65% 2.47% 17.01% 17.61% 25.11% 15.96% 2.22% 20.87%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
0.00 3.22 12.37 11.91 0.00 9.25 7.79 12.19 0.00 2.03 11.79
NOPAT to Interest Expense
0.00 0.13 4.60 9.19 0.00 5.39 6.51 7.26 0.00 2.64 5.27
EBIT Less CapEx to Interest Expense
0.00 -2.72 5.81 7.05 0.00 3.50 3.94 8.44 0.00 -3.49 5.29
NOPAT Less CapEx to Interest Expense
0.00 -5.81 -1.96 4.32 0.00 -0.36 2.66 3.50 0.00 -2.88 -1.23
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
-55.39% 0.00% 0.00% 0.00% 39.28% 0.00% 0.00% 0.00% 19.28% 16.41% 15.03%
Augmented Payout Ratio
-55.39% 0.00% 0.00% 0.00% 39.28% 0.00% 0.00% 0.00% 19.28% 16.41% 15.03%

Key Financial Trends

The latest quarterly report for Constellation Energy (NASDAQ:CEG) for Q1 2025 shows several key financial dynamics, reflecting the company’s operational and financial performance trends over the past year and compared to prior periods.

  • Revenue Growth: Total revenue in Q1 2025 reached $6.79 billion, showing an increase compared to Q4 2024’s $5.38 billion and continuing a generally positive revenue trend over the recent quarters.
  • Gross Profit Improvement: The company posted a gross profit of $2.40 billion in Q1 2025, significantly higher than the negative gross profits recorded in late 2023 and early 2024, highlighting operational improvement and cost management.
  • Net Income Positive Turnaround: Net income attributable to common shareholders was $118 million in Q1 2025 after prior quarterly swings from losses to gains, indicating a return to profitability.
  • Consistent Dividend Payment: The dividend per common share increased modestly to $0.3878 in Q1 2025 from $0.3525 in Q3 and Q4 2024, signaling stable cash return to shareholders.
  • Operating Cash Flow Positive: The company generated $107 million in net cash from operating activities in Q1 2025, improving from negative cash flows in previous quarters, indicating better cash generation from core operations.
  • Investing Activities Outflows: Q1 2025 saw significant investing cash outflows ($886 million), primarily due to heavy purchases of property, plant, equipment, and investments.
  • High Asset Base: Total assets were $52.25 billion in Q1 2025, stable compared to the previous quarter, with significant investment in plant, property, and equipment at around $21.6 billion, consistent with the company's infrastructure-intensive industry.
  • Liability Structure: Total liabilities remained substantial at $38.9 billion, showing a high level of debt and other obligations. Long-term debt is about $7.32 billion, somewhat stable but a critical component of the capital structure.
  • Low Net Income Margin: Despite improved profitability, net income remains a small fraction of revenue (about 1.7% for Q1 2025), reflecting the highly capital-intensive and cost-sensitive nature of the energy sector.
  • Operating Expense Levels: Selling, general and administrative expenses, along with depreciation and other operating expenses, totaled $1.95 billion in Q1 2025, exerting pressure on margins.

Summary: Constellation Energy is exhibiting signs of operational recovery and improving profitability after some volatile periods in 2023 and 2024. Revenue and gross profits are up, and net income has turned positive with enhanced cash flow from operations. However, the company continues to face challenges from high operating costs and a substantial debt load. Investments in property and equipment remain elevated, supporting future capacity but impacting cash flows. The steady dividend increase is a positive signal for income-focused investors.

08/08/25 01:54 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Constellation Energy's Financials

When does Constellation Energy's fiscal year end?

According to the most recent income statement we have on file, Constellation Energy's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Constellation Energy's net income changed over the last 5 years?

Constellation Energy's net income appears to be on an upward trend, with a most recent value of $7.48 billion in 2024, rising from $1.22 billion in 2019. The previous period was $3.15 billion in 2023. View Constellation Energy's forecast to see where analysts expect Constellation Energy to go next.

What is Constellation Energy's operating income?
Constellation Energy's total operating income in 2024 was $4.35 billion, based on the following breakdown:
  • Total Gross Profit: $5.99 billion
  • Total Operating Expenses: $1.71 billion
How has Constellation Energy's revenue changed over the last 5 years?

Over the last 5 years, Constellation Energy's total revenue changed from $18.92 billion in 2019 to $23.57 billion in 2024, a change of 24.5%.

How much debt does Constellation Energy have?

Constellation Energy's total liabilities were at $39.39 billion at the end of 2024, a 0.2% decrease from 2023, and a 3,938,700,000,000.0% increase since 2020.

How much cash does Constellation Energy have?

In the past 4 years, Constellation Energy's cash and equivalents has ranged from $0.00 in 2020 to $3.02 billion in 2024, and is currently $3.02 billion as of their latest financial filing in 2024.

How has Constellation Energy's book value per share changed over the last 5 years?

Over the last 5 years, Constellation Energy's book value per share changed from 0.00 in 2019 to 42.24 in 2024, a change of 4,223.6%.



This page (NASDAQ:CEG) was last updated on 8/8/2025 by MarketBeat.com Staff
From Our Partners