Constellation Energy (CEG) Financials

$274.89 +26.62 (+10.72%)

Closing price 05/6/2025 03:59 PM Eastern

Extended Trading

$279.00 +4.11 (+1.49%)

As of 07:52 AM Eastern

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

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	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
Net Income / (Loss) Attributable to Common Shareholders	-188	33	96	833	731	-37	883	814	1,200	852
Consolidated Net Income / (Loss)	-193	-139	102	824	690	1,538	883	809	1,196	4,588
Net Income / (Loss) Continuing Operations	-193	278	102	824	690	365	883	809	1,196	1,285
Total Pre-Tax Income	-312	147	238	1,171	895	143	1,048	964	1,645	859
Total Operating Income	-41	-171	31	669	977	-67	813	1,100	1,467	972
Total Gross Profit	367	-911	404	2,559	2,744	-2,475	1,258	3,183	3,431	-1,882
Total Revenue	6,051	7,333	7,565	5,446	6,111	5,796	6,161	5,475	6,550	5,382
Total Cost of Revenue	5,684	8,244	7,161	2,887	3,367	8,271	4,903	2,292	3,119	7,264
Operating Cost of Revenue	5,684	8,244	7,161	2,887	3,367	8,271	4,903	2,292	3,119	7,264
Total Operating Expenses	408	-739	373	1,890	1,767	-2,381	445	2,083	1,964	-2,783
Depreciation Expense	262	272	267	274	266	289	306	296	266	255
Other Operating Expenses / (Income)	145	137	132	139	148	134	139	142	165	140
Total Other Income / (Expense), net	-271	318	207	502	-82	210	235	-136	178	-113
Other Income / (Expense), net	-196	382	314	605	0.00	349	362	6.00	325	-23
Income Tax Expense	-123	116	131	342	205	181	165	154	449	6.00
Other Gains / (Losses), net	-4.00	-3.00	-5.00	-5.00	0.00	-1.00	0.00	-1.00	0.00	-3.00
Net Income / (Loss) Attributable to Noncontrolling Interest	-5.00	-5.00	6.00	-9.00	-41	-2.00	0.00	-5.00	-4.00	-2.00
Weighted Average Basic Shares Outstanding	327.02M	327.13M	324.41M	321.59M	319.38M	316.67M	315.23M	312.69M	312.77M	312.85M
Weighted Average Diluted Shares Outstanding	327.02M	327.13M	324.41M	321.59M	319.38M	316.67M	315.23M	312.69M	312.77M	312.85M
Weighted Average Basic & Diluted Shares Outstanding	327.02M	327.13M	324.41M	321.59M	319.38M	316.67M	315.23M	312.69M	312.77M	312.85M

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

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	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
Net Change in Cash & Equivalents	377	-775	132	349	1,995	-741	160	990	1,610	-85
Net Cash From Operating Activities	-1,194	-2,422	-934	-192	-993	-3,182	-723	-613	-112	-1,016
Net Cash From Continuing Operating Activities	-1,194	-2,422	-934	-192	-993	-3,182	-755	-581	-112	-1,016
Net Income / (Loss) Continuing Operations	-193	28	102	824	690	-39	883	809	1,196	850
Consolidated Net Income / (Loss)	-193	28	102	824	690	-39	883	809	1,196	850
Depreciation Expense	603	617	605	614	621	674	694	694	661	651
Non-Cash Adjustments To Reconcile Net Income	83	-309	-177	-478	122	-206	-238	116	-240	84
Changes in Operating Assets and Liabilities, net	-1,687	-2,758	-1,464	-1,152	-2,426	-3,611	-2,094	-2,200	-1,729	-2,601
Net Cash From Investing Activities	1,170	1,233	219	-48	2,008	852	830	1,820	2,406	2,372
Net Cash From Continuing Investing Activities	1,170	1,262	219	-48	2,008	2,542	830	1,820	2,406	2,404
Purchase of Property, Plant & Equipment	-290	-599	-660	-676	-399	-687	-738	-546	-552	-729
Purchase of Investments	-889	-1,059	-2,030	-1,173	-1,171	-1,676	-1,847	-1,196	-2,097	-1,142
Sale and/or Maturity of Investments	846	1,016	1,977	1,139	1,105	1,601	1,779	1,111	2,044	1,071
Other Investing Activities, net	1,501	1,945	925	689	2,474	3,283	1,643	2,459	3,018	3,182
Net Cash From Financing Activities	401	414	523	229	637	807	84	-1,469	-795	-109
Net Cash From Continuing Financing Activities	401	414	847	589	980	-101	85	-249	-684	-1,439
Repayment of Debt	186	456	-252	-79	-13	18	-405	-234	-204	-18
Issuance of Debt	3.00	262	1,099	668	993	1,120	1,100	-625	-480	20

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
Noncurrent Deferred & Refundable Income Taxes	0.00	32	44	52	0.00
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

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	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
Total Assets	46,616	46,909	1,679	46,559	48,965	50,758	52,014	51,340	51,834	52,926
Total Current Assets	9,853	9,360	16,233	7,575	9,902	8,299	8,460	7,852	9,270	10,776
Cash & Equivalents	1,192	422	-	269	1,889	368	562	311	1,793	3,022
Restricted Cash	111	106	-	56	88	86	83	72	89	107
Accounts Receivable	2,398	3,316	1,071	1,952	2,264	2,851	2,327	2,211	1,765	3,718
Inventories, net	1,464	1,505	518	1,387	1,422	1,500	1,385	1,442	1,472	1,600
Other Current Assets	4,688	4,011	-	3,911	4,239	3,494	4,103	3,816	4,151	2,329
Plant, Property, & Equipment, net	19,705	19,822	0.00	20,239	20,849	22,116	22,446	21,973	20,892	21,235
Total Noncurrent Assets	17,058	17,727	90	18,745	18,214	20,343	21,108	21,515	21,672	20,915
Long-Term Investments	193	202	-	647	727	563	623	584	494	640
Goodwill	-	47	-	-	-	425	425	420	420	420
Noncurrent Deferred & Refundable Income Taxes	23	44	90	43	43	52	38	25	35	0.00
Other Noncurrent Operating Assets	16,842	17,434	-	18,055	17,444	19,303	20,022	20,486	20,723	19,855
Total Liabilities & Shareholders' Equity	46,616	46,909	92,333	46,559	48,965	50,758	52,014	51,340	51,834	52,926
Total Liabilities	35,447	35,537	10,981	34,947	36,965	39,472	40,454	39,559	38,893	39,387
Total Current Liabilities	7,887	7,839	5,941	5,225	5,263	6,319	5,922	5,801	5,452	6,846
Short-Term Debt	874	1,302	1,410	1,045	643	1,765	1,631	1,715	1,034	1,028
Accounts Payable	2,639	3,734	3,101	1,260	3,569	2,612	2,417	2,422	2,685	3,943
Other Current Liabilities	3,483	2,803	-	2,176	2,368	1,942	1,874	1,664	1,733	1,875
Total Noncurrent Liabilities	27,560	27,698	5,040	29,722	31,702	33,153	34,532	33,758	33,441	32,541
Long-Term Debt	4,480	4,466	-	6,156	7,512	7,496	8,352	7,409	7,378	7,384
Asset Retirement Reserve & Litigation Obligation	13,783	13,929	-	14,231	15,075	15,414	15,591	14,841	13,671	13,815
Noncurrent Deferred & Payable Income Tax Liabilities	2,647	3,031	-	3,203	3,208	3,209	3,208	3,377	3,554	3,331
Noncurrent Employee Benefit Liabilities	1,497	1,214	2,556	1,276	1,252	1,802	1,634	1,626	1,641	1,875
Other Noncurrent Operating Liabilities	5,153	5,058	2,484	4,856	4,655	5,232	5,747	6,505	7,197	6,136
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	11,148	11,414	-3,698	11,721	12,108	11,374	11,658	11,876	13,007	13,583
Total Preferred & Common Equity	9,874	10,152	-3,698	10,460	10,868	10,107	10,390	10,613	11,729	12,302
Total Common Equity	10,782	11,060	-3,698	11,365	11,774	11,013	11,297	11,520	12,636	13,210
Common Stock	12,326	12,408	-	12,012	11,778	11,537	11,038	10,538	10,538	10,538
Retained Earnings	-483	-496	-82	248	887	761	1,532	2,236	3,325	4,066
Accumulated Other Comprehensive Income / (Loss)	-1,969	-1,760	-3,616	-1,800	-1,797	-2,191	-2,180	-2,161	-2,134	-2,302
Noncontrolling Interest	366	354	-	356	334	361	361	356	371	373

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%

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	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
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	37.34%	32.58%	35.31%	-0.35%	0.99%	-20.96%	-18.56%	0.53%	7.18%	-7.14%
EBITDA Growth	-83.02%	0.73%	32.13%	746.64%	336.61%	15.46%	96.74%	-4.66%	53.50%	67.36%
EBIT Growth	-126.60%	-9.44%	194.87%	433.51%	512.24%	33.65%	240.58%	-13.19%	83.42%	236.52%
NOPAT Growth	-103.65%	-6,497.56%	-98.29%	148.75%	2,724.45%	149.37%	4,814.98%	95.15%	41.60%	5,321.25%
Net Income Growth	-130.49%	-447.50%	-8.11%	829.20%	457.51%	1,206.47%	765.69%	-1.82%	73.33%	198.31%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	-189.71%	-4.76%	-169.13%	-118.18%	16.83%	-31.38%	22.59%	-219.27%	88.72%	68.07%
Free Cash Flow Firm Growth	0.00%	0.00%	259.77%	84.85%	97.36%	-187.76%	-217.92%	48.10%	-348.84%	174.57%
Invested Capital Growth	0.00%	6.78%	-151.25%	18.09%	7.67%	19.01%	356.91%	11.75%	17.62%	-6.90%
Revenue Q/Q Growth	10.72%	21.19%	3.16%	-28.01%	12.21%	-5.15%	6.30%	-11.13%	19.63%	-17.83%
EBITDA Q/Q Growth	64.13%	126.23%	14.73%	98.74%	-15.36%	-40.18%	95.50%	-3.69%	36.28%	-34.77%
EBIT Q/Q Growth	37.96%	189.03%	63.51%	269.28%	-23.31%	-71.14%	316.67%	-5.87%	62.03%	-47.04%
NOPAT Q/Q Growth	-115.07%	-25.65%	138.65%	3,298.25%	59.04%	-97.64%	3,747.40%	34.93%	15.40%	-9.50%
Net Income Q/Q Growth	-70.80%	27.98%	264.29%	707.84%	-16.26%	122.90%	2,364.10%	-8.38%	47.84%	283.61%
EPS Q/Q Growth	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	-1,256.82%	-102.85%	61.44%	79.44%	-417.19%	-220.44%	77.28%	15.21%	81.73%	-807.14%
Free Cash Flow Firm Q/Q Growth	-0.64%	92.82%	2,261.84%	-109.69%	82.48%	-683.81%	-785.89%	95.73%	-51.48%	230.22%
Invested Capital Q/Q Growth	-0.81%	9.51%	-148.09%	326.06%	-9.57%	21.05%	3.81%	-1.66%	-4.82%	-4.19%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	6.07%	-12.42%	5.34%	46.99%	44.90%	-42.70%	20.42%	58.14%	52.38%	-34.97%
EBITDA Margin	6.05%	11.29%	12.56%	34.67%	26.15%	16.49%	30.34%	32.88%	37.45%	29.73%
Operating Margin	-0.68%	-2.33%	0.41%	12.28%	15.99%	-1.16%	13.20%	20.09%	22.40%	18.06%
EBIT Margin	-3.92%	2.88%	4.56%	23.39%	15.99%	4.87%	19.07%	20.20%	27.36%	17.63%
Profit (Net Income) Margin	-3.19%	-1.90%	1.35%	15.13%	11.29%	26.54%	14.33%	14.78%	18.26%	85.25%
Tax Burden Percent	61.86%	-94.56%	42.86%	70.37%	77.10%	1,075.52%	84.26%	83.92%	72.71%	534.11%
Interest Burden Percent	131.65%	69.67%	68.99%	91.92%	91.61%	50.71%	89.19%	87.16%	91.80%	90.52%
Effective Tax Rate	0.00%	78.91%	55.04%	29.21%	22.91%	126.57%	15.74%	15.98%	27.29%	0.70%
Return on Invested Capital (ROIC)	-1.43%	-0.76%	1.30%	13.93%	20.96%	0.43%	42.23%	21.04%	22.24%	22.42%
ROIC Less NNEP Spread (ROIC-NNEP)	-10.00%	-3.11%	-53.57%	21.05%	19.35%	23.54%	51.18%	19.42%	24.83%	79.22%
Return on Net Nonoperating Assets (RNNOA)	-3.44%	-1.18%	2.20%	8.97%	6.54%	13.59%	28.44%	11.67%	9.88%	40.49%
Return on Equity (ROE)	-4.87%	-1.94%	3.49%	22.90%	27.50%	14.01%	70.66%	32.71%	32.13%	62.90%
Cash Return on Invested Capital (CROIC)	0.00%	-4.38%	0.00%	-14.74%	-0.84%	-11.55%	-130.36%	0.39%	-2.04%	26.27%
Operating Return on Assets (OROA)	-1.90%	1.48%	4.96%	13.44%	8.85%	2.48%	16.70%	9.72%	13.02%	8.02%
Return on Assets (ROA)	-1.55%	-0.98%	1.47%	8.69%	6.25%	13.54%	12.55%	7.11%	8.69%	38.75%
Return on Common Equity (ROCE)	-4.71%	-1.94%	3.31%	22.17%	26.67%	13.57%	67.46%	31.72%	31.23%	61.05%
Return on Equity Simple (ROE_SIMPLE)	-1.57%	0.00%	4.76%	7.28%	15.13%	0.00%	22.69%	22.08%	24.29%	0.00%
Net Operating Profit after Tax (NOPAT)	-29	-36	14	474	753	18	685	924	1,067	965
NOPAT Margin	-0.47%	-0.49%	0.18%	8.70%	12.33%	0.31%	11.12%	16.88%	16.28%	17.93%
Net Nonoperating Expense Percent (NNEP)	8.56%	2.35%	54.87%	-7.12%	1.61%	-23.12%	-8.95%	1.63%	-2.59%	-56.81%
Return On Investment Capital (ROIC_SIMPLE)	-	-0.21%	-	-	-	0.09%	-	-	-	4.39%
Cost of Revenue to Revenue	93.93%	112.42%	94.66%	53.01%	55.10%	142.70%	79.58%	41.86%	47.62%	134.97%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	27.12%	22.14%	0.00%	0.00%	30.05%	23.44%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	6.74%	-10.08%	4.93%	34.70%	28.92%	-41.08%	7.22%	38.05%	29.98%	-51.71%
Earnings before Interest and Taxes (EBIT)	-237	211	345	1,274	977	282	1,175	1,106	1,792	949
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	366	828	950	1,888	1,598	956	1,869	1,800	2,453	1,600
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.47	2.50	0.00	2.59	2.96	3.37	5.21	5.47	6.43	5.30
Price to Tangible Book Value (P/TBV)	2.47	2.51	0.00	2.59	2.96	3.50	5.41	5.68	6.66	5.47
Price to Revenue (P/Rev)	1.18	1.13	0.96	1.11	1.32	1.49	2.50	2.68	3.39	2.97
Price to Earnings (P/E)	0.00	0.00	0.00	37.98	20.56	22.84	24.41	26.36	28.43	18.66
Dividend Yield	0.52%	0.67%	0.91%	0.93%	0.91%	0.97%	0.65%	0.63%	0.52%	0.63%
Earnings Yield	0.00%	0.00%	0.00%	2.63%	4.86%	4.38%	4.10%	3.79%	3.52%	5.36%
Enterprise Value to Invested Capital (EV/IC)	2.06	2.01	0.00	2.02	2.52	2.34	3.35	3.59	4.62	4.12
Enterprise Value to Revenue (EV/Rev)	1.37	1.35	1.01	1.36	1.53	1.83	2.89	3.04	3.66	3.18
Enterprise Value to EBITDA (EV/EBITDA)	14.51	15.47	11.30	8.92	7.71	8.47	10.76	11.49	12.39	9.71
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	22.59	14.46	15.87	18.32	20.21	20.14	14.93
Enterprise Value to NOPAT (EV/NOPAT)	66.49	95.39	419.71	117.89	39.87	43.72	39.12	32.96	35.29	20.79
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
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	1.14	0.00	0.00	0.00	0.00	973.56	0.00	15.14
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.48	0.51	-0.38	0.61	0.67	0.81	0.86	0.77	0.65	0.62
Long-Term Debt to Equity	0.40	0.39	0.00	0.53	0.62	0.66	0.72	0.62	0.57	0.54
Financial Leverage	0.34	0.38	-0.04	0.43	0.34	0.58	0.56	0.60	0.40	0.51
Leverage Ratio	4.18	4.13	6.20	3.98	4.11	4.29	6.75	4.15	4.01	4.15
Compound Leverage Factor	5.50	2.87	4.28	3.66	3.77	2.17	6.02	3.62	3.68	3.76
Debt to Total Capital	32.44%	33.57%	-61.63%	38.06%	40.25%	44.88%	46.13%	43.45%	39.27%	38.25%
Short-Term Debt to Total Capital	5.30%	7.58%	-61.63%	5.52%	3.17%	8.55%	7.54%	8.17%	4.83%	4.67%
Long-Term Debt to Total Capital	27.15%	25.99%	0.00%	32.53%	37.07%	36.33%	38.59%	35.28%	34.45%	33.57%
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%
Noncontrolling Interests to Total Capital	2.22%	2.06%	0.00%	1.88%	1.65%	1.75%	1.67%	1.70%	1.73%	1.70%
Common Equity to Total Capital	65.34%	64.37%	161.63%	60.06%	58.11%	53.37%	52.20%	54.86%	58.99%	60.06%
Debt to EBITDA	2.51	2.70	0.60	1.79	1.55	1.72	1.58	1.47	1.19	1.09
Net Debt to EBITDA	1.81	2.36	0.60	1.54	1.04	1.53	1.38	1.31	0.85	0.60
Long-Term Debt to EBITDA	2.10	2.09	0.00	1.53	1.43	1.39	1.32	1.19	1.04	0.96
Debt to NOPAT	11.52	16.65	22.14	23.59	8.01	8.86	5.75	4.20	3.38	2.33
Net Debt to NOPAT	8.30	14.54	22.14	20.41	5.35	7.89	5.02	3.76	2.43	1.29
Long-Term Debt to NOPAT	9.64	12.89	0.00	20.17	7.38	7.17	4.81	3.41	2.97	2.05
Altman Z-Score	0.96	1.03	25.08	1.23	1.31	1.14	1.50	1.59	2.01	1.77
Noncontrolling Interest Sharing Ratio	3.28%	-0.08%	5.11%	3.22%	3.01%	3.14%	4.54%	3.02%	2.81%	2.94%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.25	1.19	2.73	1.45	1.88	1.31	1.43	1.35	1.70	1.57
Quick Ratio	0.46	0.48	0.18	0.43	0.79	0.51	0.49	0.43	0.65	0.98
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-15,014	-1,078	23,306	-2,259	-396	-3,102	-27,482	-1,173	-1,776	2,313
Operating Cash Flow to CapEx	-414.58%	-404.34%	-146.86%	-28.40%	-248.87%	-463.17%	-98.91%	-112.27%	-20.29%	-139.37%
Free Cash Flow to Firm to Interest Expense	-200.18	0.00	217.81	-21.94	-4.83	0.00	-216.39	-8.26	-12.08	0.00
Operating Cash Flow to Interest Expense	-15.92	0.00	-8.73	-1.86	-12.11	0.00	-5.69	-4.32	-0.76	0.00
Operating Cash Flow Less CapEx to Interest Expense	-19.76	0.00	-14.67	-8.43	-16.98	0.00	-11.45	-8.16	-4.52	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.49	0.51	1.09	0.57	0.55	0.51	0.88	0.48	0.48	0.45
Accounts Receivable Turnover	9.44	8.52	15.80	12.96	11.35	8.08	13.84	11.31	11.90	7.18
Inventory Turnover	10.33	17.74	29.92	17.31	15.01	14.43	14.44	9.30	8.92	11.34
Fixed Asset Turnover	1.15	1.24	0.00	1.32	1.30	1.19	0.00	1.12	1.15	1.09
Accounts Payable Turnover	5.73	7.92	10.43	13.88	6.98	6.83	4.98	7.14	4.13	5.36
Days Sales Outstanding (DSO)	38.66	42.84	23.10	28.15	32.16	45.17	26.37	32.27	30.66	50.87
Days Inventory Outstanding (DIO)	35.34	20.57	12.20	21.08	24.32	25.29	25.27	39.27	40.94	32.19
Days Payable Outstanding (DPO)	63.70	46.09	35.00	26.31	52.31	53.41	73.28	51.11	88.48	68.06
Cash Conversion Cycle (CCC)	10.30	17.32	0.30	22.93	4.17	17.05	-21.63	20.43	-16.87	15.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	14,985	16,410	-7,892	17,841	16,134	19,530	20,275	19,938	18,977	18,182
Invested Capital Turnover	3.02	1.54	7.04	1.60	1.70	1.39	3.80	1.25	1.37	1.25
Increase / (Decrease) in Invested Capital	14,985	1,042	-23,292	2,733	1,149	3,120	28,167	2,097	2,843	-1,348
Enterprise Value (EV)	30,903	33,053	26,736	35,980	40,597	45,680	67,914	71,528	87,712	74,985
Market Capitalization	26,679	27,661	25,326	29,395	34,812	37,075	58,838	63,015	81,305	69,969
Book Value per Share	$32.99	$33.82	($11.30)	$35.03	$36.61	$34.48	$35.84	$36.54	$40.41	$42.24
Tangible Book Value per Share	$32.99	$33.68	($11.30)	$35.03	$36.61	$33.15	$34.49	$35.21	$39.07	$40.89
Total Capital	16,502	17,182	-2,288	18,922	20,263	20,635	21,641	21,000	21,419	21,995
Total Debt	5,354	5,768	1,410	7,201	8,155	9,261	9,983	9,124	8,412	8,412
Total Long-Term Debt	4,480	4,466	0.00	6,156	7,512	7,496	8,352	7,409	7,378	7,384
Net Debt	3,858	5,038	1,410	6,229	5,451	8,244	8,715	8,157	6,036	4,643
Capital Expenditures (CapEx)	288	599	636	676	399	687	731	546	552	729
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,537	2,295	11,702	3,070	3,305	3,291	3,524	3,383	2,970	1,829
Debt-free Net Working Capital (DFNWC)	2,840	2,823	11,702	3,395	5,282	3,745	4,169	3,766	4,852	4,958
Net Working Capital (NWC)	1,966	1,521	10,292	2,350	4,639	1,980	2,538	2,051	3,818	3,930
Net Nonoperating Expense (NNE)	164	103	-88	-350	63	-1,520	-198	115	-129	-3,623
Net Nonoperating Obligations (NNO)	3,837	4,996	-4,194	6,120	4,026	8,156	8,617	8,062	5,970	4,599
Total Depreciation and Amortization (D&A)	603	617	605	614	621	674	694	694	661	651
Debt-free, Cash-free Net Working Capital to Revenue	6.79%	9.39%	44.30%	11.63%	12.49%	13.21%	14.99%	14.37%	12.38%	7.76%
Debt-free Net Working Capital to Revenue	12.55%	11.55%	44.30%	12.86%	19.97%	15.03%	17.73%	16.00%	20.23%	21.04%
Net Working Capital to Revenue	8.68%	6.22%	38.96%	8.90%	17.54%	7.95%	10.79%	8.71%	15.92%	16.68%
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
Adjusted Weighted Average Basic Shares Outstanding	327.02M	327.13M	324.41M	321.59M	319.38M	316.67M	315.23M	312.69M	312.77M	312.85M
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
Adjusted Weighted Average Diluted Shares Outstanding	327.02M	327.13M	324.41M	321.59M	319.38M	316.67M	315.23M	312.69M	312.77M	312.85M
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
Adjusted Weighted Average Basic & Diluted Shares Outstanding	327.02M	327.13M	324.41M	321.59M	319.38M	316.67M	315.23M	312.69M	312.77M	312.85M
Normalized Net Operating Profit after Tax (NOPAT)	-28	-120	3.50	474	753	-47	685	924	1,065	965
Normalized NOPAT Margin	-0.46%	-1.63%	0.05%	8.70%	12.33%	-0.81%	11.12%	16.88%	16.26%	17.93%
Pre Tax Income Margin	-5.16%	2.00%	3.15%	21.50%	14.65%	2.47%	17.01%	17.61%	25.11%	15.96%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-3.16	0.00	3.22	12.37	11.91	0.00	9.25	7.79	12.19	0.00
NOPAT to Interest Expense	-0.38	0.00	0.13	4.60	9.19	0.00	5.39	6.51	7.26	0.00
EBIT Less CapEx to Interest Expense	-7.00	0.00	-2.72	5.81	7.05	0.00	3.50	3.94	8.44	0.00
NOPAT Less CapEx to Interest Expense	-4.22	0.00	-5.81	-1.96	4.32	0.00	-0.36	2.66	3.50	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-385.81%	-55.39%	0.00%	0.00%	0.00%	39.28%	0.00%	0.00%	0.00%	19.28%
Augmented Payout Ratio	-385.81%	-55.39%	0.00%	0.00%	0.00%	39.28%	0.00%	0.00%	0.00%	19.28%

Frequently Asked Questions About Constellation Energy's Financials

When does Constellation Energy's financial year end?

According to the most recent income statement we have on file, Constellation Energy's fiscal year ends in December. Their fiscal 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. Check out Constellation Energy's forecast to explore projected trends and price targets.

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 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%.

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This page (NASDAQ:CEG) was last updated on 5/7/2025 by MarketBeat.com Staff

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Constellation Energy (CEG) Financials

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