Constellation Energy Corporation

CEGUS

Constellation Energy Corporation operates as a U.S.-based firm dedicated to producing and distributing electricity. Its activities are organized across five primary geographical segments: the Mid-Atlantic, Midwest, New York, ERCOT, and various other power markets. In addition to electrical power, the company supplies natural gas, sustainable energy solutions, and an array of associated energy products and services. Possessing a significant generation capability of 32,400 megawatts, its power portfolio incorporates diverse sources such as nuclear, wind, solar, natural gas, and hydroelectric facilities. The company serves a wide spectrum of clients, including utility distributors, local government bodies, cooperatives, along with commercial, industrial, public sector, and household consumers. Founded in 2021, its corporate headquarters are situated in Baltimore, Maryland. Constellation Energy Corporation previously operated as a subsidiary of Exelon Corporation.

Founded2021IPO year2022As of2026-08-04
Market Cap
$95.76B
Enterprise Value
$117.05B
EV / LTM Revenue
4.6x
EV / NTM Revenue
3.4x
Trading multiples

Enterprise value over trailing (LTM) vs. forward (NTM) fundamentals. Click an LTM cell to chart it.

LTM
trailing
NTM
forward
Revenue
3.4x
Gross Profit
4.4x
EBITDA
12.2x
Classification
Sector
Industrial, Aerospace & Defense
Sub-sector
Electrical Equipment & Power Systems
Listing
CEG
Country
US
Historical valuation & fundamentals

EV / LTM Revenue

Annual financials & analyst forecasts

$MCY2021CY2022CY2023CY2024CY2025CY2026ECY2027E
Revenue YoY24%2%-5%8%30%4%
Revenue$19.65B$24.44B$24.92B$23.57B$25.53B$33.08B$34.56B
Gross Profit$2.32B$2.19B$3.30B$5.98B$19.36B
Gross Profit Margin11.8%9.0%13.2%25.4%75.8%
EBITDA$3.38B$3.08B$4.22B$7.29B$5.79B$9.37B$9.79B
EBITDA Margin17.2%12.6%16.9%30.9%22.7%28.3%28.3%
EBIT($346M)$494M$1.61B$4.35B$3.09B$10.20B$10.65B
Net Income($205M)($159M)$1.62B$3.75B$2.32B$3.65B$4.11B
Free Cash Flow($2.67B)($4.04B)($7.72B)($5.03B)$1.29B
FCF Margin-13.6%-16.5%-31.0%-21.3%5.0%
Short-Term Debt$3.30B$1.30B$1.76B$1.03B$1.74B
Long-Term Debt$4.89B$4.47B$7.50B$7.38B$7.25B
Cash & Cash Equivalents$504M$422M$368M$3.02B$3.75B
Net Debt$7.69B$5.35B$8.89B$5.39B$5.24B
Net Debt / EBITDA2.3x1.7x2.1x0.7x0.9x
Rule of 407.8%-29.0%-26.8%13.4%
Figures in $M. True calendar years (Jan–Dec) built from quarterly data — income & cash-flow lines summed across the four quarters, balance sheet as of year-end. E columns are calendarized analyst consensus — gross profit, cash flow and balance-sheet lines are not estimated. Net debt = short-term debt + long-term debt − cash & cash equivalents; Rule of 40 = YoY revenue growth + FCF margin.