CONSTELLATION ENERGY (CEG) Stock Fundamental Analysis

NASDAQ:CEG • US21037T1097

294.84 USD
+3.18 (+1.09%)
At close: Feb 20, 2026
295.4 USD
+0.56 (+0.19%)
After Hours: 2/20/2026, 8:21:52 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to CEG. CEG was compared to 46 industry peers in the Electric Utilities industry. Both the profitability and the financial health of CEG get a neutral evaluation. Nothing too spectacular is happening here. CEG is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year CEG was profitable.
  • In the past year CEG had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: CEG reported negative net income in multiple years.
  • In the past 5 years CEG reported 4 times negative operating cash flow.
CEG Yearly Net Income VS EBIT VS OCF VS FCFCEG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 0 2B -2B 4B -4B -6B

1.2 Ratios

  • The Return On Assets of CEG (4.88%) is better than 86.96% of its industry peers.
  • With an excellent Return On Equity value of 19.09%, CEG belongs to the best of the industry, outperforming 91.30% of the companies in the same industry.
  • CEG's Return On Invested Capital of 4.98% is amongst the best of the industry. CEG outperforms 80.43% of its industry peers.
  • CEG had an Average Return On Invested Capital over the past 3 years of 3.44%. This is in line with the industry average of 4.59%.
  • The 3 year average ROIC (3.44%) for CEG is below the current ROIC(4.98%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 4.88%
ROE 19.09%
ROIC 4.98%
ROA(3y)3.31%
ROA(5y)2.15%
ROE(3y)13.96%
ROE(5y)8.96%
ROIC(3y)3.44%
ROIC(5y)N/A
CEG Yearly ROA, ROE, ROICCEG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 0 10 20

1.3 Margins

  • CEG has a worse Profit Margin (11.03%) than 65.22% of its industry peers.
  • CEG's Profit Margin has improved in the last couple of years.
  • With a Operating Margin value of 13.65%, CEG is not doing good in the industry: 80.43% of the companies in the same industry are doing better.
  • In the last couple of years the Operating Margin of CEG has grown nicely.
  • CEG has a Gross Margin (44.95%) which is in line with its industry peers.
  • In the last couple of years the Gross Margin of CEG has grown nicely.
Industry RankSector Rank
OM 13.65%
PM (TTM) 11.03%
GM 44.95%
OM growth 3YN/A
OM growth 5Y22.56%
PM growth 3YN/A
PM growth 5Y21.76%
GM growth 3Y10.6%
GM growth 5Y3.87%
CEG Yearly Profit, Operating, Gross MarginsCEG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 0 10 20 30 40 50

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ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. Health

2.1 Basic Checks

  • CEG has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • Compared to 1 year ago, CEG has less shares outstanding
  • CEG has less shares outstanding than it did 5 years ago.
  • The debt/assets ratio for CEG has been reduced compared to a year ago.
CEG Yearly Shares OutstandingCEG Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 100M 200M 300M
CEG Yearly Total Debt VS Total AssetsCEG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B 50B

2.2 Solvency

  • An Altman-Z score of 2.18 indicates that CEG is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • CEG has a better Altman-Z score (2.18) than 91.30% of its industry peers.
  • A Debt/Equity ratio of 0.62 indicates that CEG is somewhat dependend on debt financing.
  • With an excellent Debt to Equity ratio value of 0.62, CEG belongs to the best of the industry, outperforming 80.43% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.62
Debt/FCF N/A
Altman-Z 2.18
ROIC/WACC0.6
WACC8.28%
CEG Yearly LT Debt VS Equity VS FCFCEG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 0 5B -5B 10B

2.3 Liquidity

  • CEG has a Current Ratio of 1.56. This is a normal value and indicates that CEG is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 1.56, CEG belongs to the top of the industry, outperforming 86.96% of the companies in the same industry.
  • A Quick Ratio of 1.34 indicates that CEG should not have too much problems paying its short term obligations.
  • The Quick ratio of CEG (1.34) is better than 86.96% of its industry peers.
Industry RankSector Rank
Current Ratio 1.56
Quick Ratio 1.34
CEG Yearly Current Assets VS Current LiabilitesCEG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • CEG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -11.36%.
  • Measured over the past years, CEG shows a very strong growth in Earnings Per Share. The EPS has been growing by 28.10% on average per year.
  • Looking at the last year, CEG shows a small growth in Revenue. The Revenue has grown by 3.58% in the last year.
  • The Revenue has been growing slightly by 4.49% on average over the past years.
EPS 1Y (TTM)-11.36%
EPS 3YN/A
EPS 5Y28.1%
EPS Q2Q%-20.42%
Revenue 1Y (TTM)3.58%
Revenue growth 3Y6.25%
Revenue growth 5Y4.49%
Sales Q2Q%0.31%

3.2 Future

  • CEG is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.52% yearly.
  • The Revenue is expected to grow by 4.69% on average over the next years.
EPS Next Y-21.17%
EPS Next 2Y-2.14%
EPS Next 3Y3.27%
EPS Next 5Y7.52%
Revenue Next Year0.84%
Revenue Next 2Y5.71%
Revenue Next 3Y6.27%
Revenue Next 5Y4.69%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
CEG Yearly Revenue VS EstimatesCEG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10B 20B 30B
CEG Yearly EPS VS EstimatesCEG Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 0 5 10 15 20

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Find the best growth stocksShow best growing peers

1

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 36.67 indicates a quite expensive valuation of CEG.
  • Based on the Price/Earnings ratio, CEG is valued more expensive than 84.78% of the companies in the same industry.
  • CEG is valuated rather expensively when we compare the Price/Earnings ratio to 26.99, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 25.89, the valuation of CEG can be described as expensive.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of CEG indicates a rather expensive valuation: CEG more expensive than 84.78% of the companies listed in the same industry.
  • When comparing the Price/Forward Earnings ratio of CEG to the average of the S&P500 Index (28.06), we can say CEG is valued inline with the index average.
Industry RankSector Rank
PE 36.67
Fwd PE 25.89
CEG Price Earnings VS Forward Price EarningsCEG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, CEG is valued a bit more expensive than the industry average as 78.26% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 19.75
CEG Per share dataCEG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60

4.3 Compensation for Growth

  • The decent profitability rating of CEG may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.3
EPS Next 2Y-2.14%
EPS Next 3Y3.27%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

2

5. Dividend

5.1 Amount

  • CEG has a yearly dividend return of 0.53%, which is pretty low.
  • With a Dividend Yield of 0.53, CEG pays less dividend than the industry average, which is at 2.87. 84.78% of the companies listed in the same industry pay a better dividend than CEG!
  • Compared to an average S&P500 Dividend Yield of 1.81, CEG's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.53%

5.2 History

  • CEG has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years2
CEG Yearly Dividends per shareCEG Yearly Dividends per shareYearly Dividends per share 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

  • 17.38% of the earnings are spent on dividend by CEG. This is a low number and sustainable payout ratio.
DP17.38%
EPS Next 2Y-2.14%
EPS Next 3Y3.27%
CEG Yearly Income VS Free CF VS DividendCEG Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2018 2019 2020 2021 2022 2023 2024 0 2B -2B -4B -6B
CEG Dividend Payout.CEG Dividend Payout, showing the Payout Ratio.CEG Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

CONSTELLATION ENERGY

NASDAQ:CEG (2/20/2026, 8:21:52 PM)

After market: 295.4 +0.56 (+0.19%)

294.84

+3.18 (+1.09%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)11-07
Earnings (Next)02-24
Inst Owners85.11%
Inst Owner Change-1.65%
Ins Owners0.26%
Ins Owner Change45.43%
Market Cap92.08B
Revenue(TTM)24.84B
Net Income(TTM)2.74B
Analysts78.33
Price Target406.98 (38.03%)
Short Float %2.6%
Short Ratio2.19
Dividend
Industry RankSector Rank
Dividend Yield 0.53%
Yearly Dividend1.41
Dividend Growth(5Y)N/A
DP17.38%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.37%
Min EPS beat(2)-3.49%
Max EPS beat(2)2.74%
EPS beat(4)2
Avg EPS beat(4)-14.68%
Min EPS beat(4)-83.02%
Max EPS beat(4)25.03%
EPS beat(8)5
Avg EPS beat(8)3.41%
EPS beat(12)7
Avg EPS beat(12)14.26%
EPS beat(16)7
Avg EPS beat(16)-19.69%
Revenue beat(2)1
Avg Revenue beat(2)12.07%
Min Revenue beat(2)-0.96%
Max Revenue beat(2)25.1%
Revenue beat(4)2
Avg Revenue beat(4)7.4%
Min Revenue beat(4)-18.07%
Max Revenue beat(4)25.1%
Revenue beat(8)4
Avg Revenue beat(8)4%
Revenue beat(12)7
Avg Revenue beat(12)15.5%
Revenue beat(16)10
Avg Revenue beat(16)32.13%
PT rev (1m)-0.78%
PT rev (3m)9.87%
EPS NQ rev (1m)-9.35%
EPS NQ rev (3m)-5.11%
EPS NY rev (1m)0.37%
EPS NY rev (3m)9.33%
Revenue NQ rev (1m)-1.63%
Revenue NQ rev (3m)15.16%
Revenue NY rev (1m)0.58%
Revenue NY rev (3m)1.61%
Valuation
Industry RankSector Rank
PE 36.67
Fwd PE 25.89
P/S 3.71
P/FCF N/A
P/OCF 38.11
P/B 6.42
P/tB 6.61
EV/EBITDA 19.75
EPS(TTM)8.04
EY2.73%
EPS(NY)11.39
Fwd EY3.86%
FCF(TTM)-0.88
FCFYN/A
OCF(TTM)7.74
OCFY2.62%
SpS79.54
BVpS45.95
TBVpS44.61
PEG (NY)N/A
PEG (5Y)1.3
Graham Number91.17
Profitability
Industry RankSector Rank
ROA 4.88%
ROE 19.09%
ROCE 6.96%
ROIC 4.98%
ROICexc 5.4%
ROICexgc 5.45%
OM 13.65%
PM (TTM) 11.03%
GM 44.95%
FCFM N/A
ROA(3y)3.31%
ROA(5y)2.15%
ROE(3y)13.96%
ROE(5y)8.96%
ROIC(3y)3.44%
ROIC(5y)N/A
ROICexc(3y)3.61%
ROICexc(5y)N/A
ROICexgc(3y)3.64%
ROICexgc(5y)N/A
ROCE(3y)4.71%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y27.48%
ROICexc growth 3YN/A
ROICexc growth 5Y27.26%
OM growth 3YN/A
OM growth 5Y22.56%
PM growth 3YN/A
PM growth 5Y21.76%
GM growth 3Y10.6%
GM growth 5Y3.87%
F-Score4
Asset Turnover0.44
Health
Industry RankSector Rank
Debt/Equity 0.62
Debt/FCF N/A
Debt/EBITDA 1.86
Cap/Depr 193.11%
Cap/Sales 10.84%
Interest Coverage 250
Cash Conversion 50.49%
Profit Quality N/A
Current Ratio 1.56
Quick Ratio 1.34
Altman-Z 2.18
F-Score4
WACC8.28%
ROIC/WACC0.6
Cap/Depr(3y)86.98%
Cap/Depr(5y)67.65%
Cap/Sales(3y)9.17%
Cap/Sales(5y)8.84%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-11.36%
EPS 3YN/A
EPS 5Y28.1%
EPS Q2Q%-20.42%
EPS Next Y-21.17%
EPS Next 2Y-2.14%
EPS Next 3Y3.27%
EPS Next 5Y7.52%
Revenue 1Y (TTM)3.58%
Revenue growth 3Y6.25%
Revenue growth 5Y4.49%
Sales Q2Q%0.31%
Revenue Next Year0.84%
Revenue Next 2Y5.71%
Revenue Next 3Y6.27%
Revenue Next 5Y4.69%
EBIT growth 1Y2.39%
EBIT growth 3YN/A
EBIT growth 5Y28.06%
EBIT Next Year38.34%
EBIT Next 3Y30.5%
EBIT Next 5Y23.49%
FCF growth 1Y95.99%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y153.2%
OCF growth 3YN/A
OCF growth 5YN/A

CONSTELLATION ENERGY / CEG FAQ

What is the fundamental rating for CEG stock?

ChartMill assigns a fundamental rating of 5 / 10 to CEG.


Can you provide the valuation status for CONSTELLATION ENERGY?

ChartMill assigns a valuation rating of 1 / 10 to CONSTELLATION ENERGY (CEG). This can be considered as Overvalued.


What is the profitability of CEG stock?

CONSTELLATION ENERGY (CEG) has a profitability rating of 6 / 10.


How financially healthy is CONSTELLATION ENERGY?

The financial health rating of CONSTELLATION ENERGY (CEG) is 6 / 10.


How sustainable is the dividend of CONSTELLATION ENERGY (CEG) stock?

The dividend rating of CONSTELLATION ENERGY (CEG) is 2 / 10 and the dividend payout ratio is 17.38%.