Utilities · Electric Utilities
Constellation Energy: revenue, profit and dividends
In fiscal 2025, Constellation Energy had revenue of $25.5B, up 7.7% a year on average since 2020, and net income of $2.32B (9.1% of revenue). Its dividend per share has gone up 3 years in a row, to $1.55.
Revenue, fiscal 2025
average annual revenue growth since 2020 · +8.3% vs 2024
- Ticker
- CEG · Nasdaq
- Sector
- Utilities
- Sub-industry
- Electric Utilities
- Headquarters
- Baltimore, Maryland
- Founded
- 1999
- In the S&P 500 since
- February 2, 2022
- Latest fiscal year
- 2025, ended December 31, 2025
- SEC filer
- Constellation Energy Corp · CIK 0001868275
Revenue and net income
Revenue went from $17.6B in 2020 to $25.5B in 2025. Net loss in 2021–2022.
Diluted earnings per share
Diluted EPS went from $0.00 in 2020 to $7.40 in 2025.
Dividends per share
Raised every year in the data: 3 years in a row, from 2023 to 2025.
Shares outstanding
From 327M in 2021 to 362M in 2025.
Operating cash flow, capex and free cash flow
Free cash flow (operating cash flow minus capital expenditure) was $1.29B in 2025, 5.0% of revenue. Negative in 2020–2024.
The chart data could not be loaded. The table below has the same figures.
Year by year
| Fiscal year | Revenue | Net income | Net margin | Diluted EPS | Dividend | Shares | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $25.5B | $2.32B | 9.1% | $7.40 | $1.55* | 362M | $4.24B | $2.95B | $1.29B |
| 2024 | $23.6B | $3.75B | 15.9% | $11.89 | $1.41* | 313M | −$2.46B | $2.56B | −$5.03B |
| 2023 | $24.9B | $1.62B | 6.5% | $5.01 | $1.13* | 317M | −$5.3B | $2.42B | −$7.72B |
| 2022 | $24.4B | −$160M | −0.7% | −$0.49 | $0.56* | 327M | −$2.35B | $1.69B | −$4.04B |
| 2021 | $19.6B | −$205M | −1.0% | $0.00 | — | 327M | −$1.34B | $1.33B | −$2.67B |
| 2020 | $17.6B | $589M | 3.3% | $0.00 | — | — | $584M | $1.75B | −$1.16B |
Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data. * added up from quarterly reports.
About these figures
- Share counts are the shares outstanding on the cover of each annual report: the diluted average is not in the data for enough years.
- Dividends per share for 2022–2025 are added up from the quarterly reports. For 2022–2025 the annual figure filed was a single quarter’s dividend.
- Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.
Other Electric Utilities companies
Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.