financial statements

The full income statement, balance sheet, and cash-flow statement for Constellation Energy Corporation Common Stock (CEG), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	22.7B YoY+19.5%	19.0B YoY-9.0%	20.8B YoY-3.4%	21.6B YoY+25.0%	17.3B YoY-2.0%
Amortization of intangibles	18.0M YoY-18.2%	22.0M YoY-4.3%	23.0M YoY-62.3%	61.0M YoY-23.8%	80.0M YoY-1.2%
Provision for credit losses	47.0M YoY+176.5%	17.0M	—	—	—
Operating income	3.09B YoY-29.1%	4.35B YoY+170.3%	1.61B YoY+225.3%	495M YoY+243.1%	-346M YoY-235.2%
Interest expense	511M YoY+1.0%	506M YoY+17.4%	431M YoY+72.4%	250M YoY-11.3%	282M YoY-14.0%
Other non-operating income	936M YoY+39.7%	670M YoY-47.2%	1.27B YoY+261.3%	-786M YoY-198.9%	795M YoY-15.2%
Equity-method income	-1.00M YoY+75.0%	-4.00M YoY+63.6%	-11.0M YoY+15.4%	-13.0M YoY-30.0%	-10.0M YoY-25.0%
Pre-tax income	3.51B YoY-22.3%	4.52B YoY+84.6%	2.45B YoY+551.5%	-542M YoY-456.6%	152M YoY-81.8%
Income tax	1.19B YoY+53.4%	774M YoY-9.9%	859M YoY+321.4%	-388M YoY-272.4%	225M YoY-9.6%
	2.32B YoY-38.1%	3.75B YoY+131.0%	1.62B YoY+1114.4%	-160M YoY+22.0%	-205M YoY-134.8%
Net income to non-controlling interest	4.00M YoY+136.4%	-11.0M YoY+76.1%	-46.0M YoY-557.1%	-7.00M YoY-105.7%	122M YoY+1320.0%
	$7.40 YoY-37.8%	$11.89 YoY+137.3%	$5.01 YoY+1122.4%	-$0.49	$0.00
EPS (basic)	$7.40 YoY-37.9%	$11.91 YoY+137.3%	$5.02 YoY+1124.5%	-$0.49	$0.00
Weighted-avg shares (basic)	313M YoY-0.6%	315M YoY-2.5%	323M YoY-1.5%	328M	0.00
Weighted-avg shares (diluted)	314M YoY-0.3%	315M YoY-2.8%	324M YoY-1.5%	329M	0.00
Dividends per share	$0.39 YoY+10.0%	$0.35 YoY+25.0%	$0.28 YoY+100.0%	$0.14	—
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	12.1B YoY+12.5%	10.8B YoY+29.8%	8.30B YoY-11.3%	9.36B YoY+17.3%	7.98B
Cash & equivalents	3.64B YoY+20.5%	3.02B YoY+721.2%	368M YoY-12.8%	422M YoY-16.3%	504M YoY+123.0%
Accounts receivable	4.27B YoY+14.7%	3.72B YoY+92.2%	1.93B YoY-25.2%	2.58B YoY+54.9%	1.67B
Inventory	1.74B YoY+8.5%	1.60B	—	—	—
Other current assets	509M YoY-26.1%	689M YoY-58.4%	1.66B YoY+61.3%	1.03B YoY+1.9%	1.01B
	57.2B YoY+8.2%	52.9B YoY+4.3%	50.8B YoY+8.2%	46.9B YoY-2.4%	48.1B
Property, plant & equipment	22.5B YoY+5.8%	21.2B YoY-4.0%	22.1B YoY+11.6%	19.8B YoY+1.1%	19.6B
Operating lease right-of-use	371M YoY-14.9%	436M YoY-11.7%	494M YoY-9.4%	545M YoY-9.8%	604M
Goodwill	420M YoY+0.0%	420M YoY-1.2%	425M YoY+804.3%	47.0M	—
Intangible assets	201M YoY-14.8%	236M YoY-29.8%	336M YoY-2.0%	343M YoY-10.0%	381M
Long-term investments	307M YoY-52.0%	640M YoY+13.7%	563M YoY+178.7%	202M YoY+16.1%	174M
Deferred tax assets	0.00	0.00 YoY-100.0%	52.0M YoY+18.2%	44.0M YoY+37.5%	32.0M
Other non-current assets	2.45B YoY-13.1%	2.82B YoY+47.5%	1.91B YoY-7.2%	2.06B YoY+19.9%	1.72B
	7.94B YoY+16.0%	6.85B YoY+8.3%	6.32B YoY-19.4%	7.84B YoY-2.0%	8.00B
Accounts payable	2.81B YoY+18.7%	2.37B YoY+82.0%	1.30B YoY-54.0%	2.83B YoY+61.0%	1.76B
Accrued liabilities	4.29B YoY+8.9%	3.94B YoY+51.0%	2.61B YoY+188.3%	906M YoY+22.9%	737M
Short-term & current debt	92.0M YoY-91.1%	1.03B YoY+749.6%	121M YoY-15.4%	143M YoY-88.3%	1.22B
Current lease liability	72.0M YoY+0.0%	72.0M YoY+7.5%	67.0M YoY+0.0%	67.0M YoY-6.9%	72.0M
Other current liabilities	366M YoY+10.2%	332M YoY-1.8%	338M YoY-1.7%	344M YoY+10.6%	311M
	42.4B YoY+7.6%	39.4B YoY-0.2%	39.5B YoY+11.1%	35.5B YoY-2.6%	36.5B
Long-term debt	7.25B YoY-1.8%	7.38B YoY-1.5%	7.50B YoY+67.8%	4.47B YoY-2.4%	4.58B
Non-current lease liability	433M YoY-15.3%	511M YoY-12.3%	583M YoY-9.3%	643M YoY-8.8%	705M
Other non-current liabilities	2.74B YoY+6.0%	2.58B YoY+129.8%	1.13B YoY-4.5%	1.18B YoY+4.0%	1.13B
	14.5B YoY+10.3%	13.2B YoY+20.5%	10.9B YoY-0.8%	11.0B YoY-1.8%	11.2B YoY-23.6%
Common stock	11.0B YoY-3.1%	11.4B YoY-7.7%	12.4B YoY-6.9%	13.3B	0.00
Retained earnings	5.90B YoY+45.1%	4.07B YoY+434.3%	761M YoY+253.4%	-496M	0.00
Accumulated other comprehensive income	-2.42B YoY-5.3%	-2.30B YoY-5.1%	-2.19B YoY-24.5%	-1.76B YoY-5577.4%	-31.0M
Non-controlling interest	336M YoY-9.9%	373M YoY+3.3%	361M YoY+2.0%	354M YoY-10.4%	395M
Total equity incl. non-controlling	14.9B YoY+9.7%	13.5B YoY+20.0%	11.3B YoY-0.8%	11.4B YoY-2.1%	11.6B YoY-20.9%
Total liabilities & equity	57.2B YoY+8.2%	52.9B YoY+4.3%	50.8B YoY+8.2%	46.9B YoY-2.4%	48.1B
Common shares outstanding	312M YoY-0.3%	313M YoY-1.3%	317M YoY-3.1%	327M	—
Shares outstanding (cover)	312M YoY-0.2%	313M YoY-2.1%	319M YoY-2.3%	327M	—
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	4.24B YoY+272.0%	-2.46B YoY+53.5%	-5.30B YoY-125.3%	-2.35B YoY-75.9%	-1.34B YoY-329.1%
Depreciation & amortization	2.60B YoY-3.7%	2.70B YoY+7.4%	2.51B YoY+3.6%	2.43B YoY-46.5%	4.54B YoY+24.9%
Change in inventory	134M YoY+35.4%	99.0M YoY+265.0%	-60.0M YoY-126.3%	228M YoY+235.3%	68.0M YoY-11.7%
	-3.20B YoY-143.1%	7.43B YoY+145.1%	3.03B YoY-2.4%	3.10B YoY-5.4%	3.28B YoY+67.6%
Capital expenditure	2.95B YoY+15.0%	2.56B YoY+5.9%	2.42B YoY+43.4%	1.69B YoY+27.1%	1.33B YoY-23.9%
Acquisitions	14.0M YoY-56.3%	32.0M YoY-98.1%	1.69B YoY+5727.6%	29.0M YoY-3.3%	30.0M
Other investing activities	-103M YoY-21.2%	-85.0M YoY-174.2%	-31.0M YoY+60.8%	-79.0M YoY-3850.0%	-2.00M YoY+81.8%
	-420M YoY+81.7%	-2.29B YoY-204.2%	2.20B YoY+374.8%	-799M YoY+52.9%	-1.70B YoY+36.4%
Long-term debt issued	0.00 YoY-100.0%	920M YoY-71.2%	3.19B YoY+22721.4%	14.0M YoY-90.8%	152M YoY-95.2%
Long-term debt repaid	1.08B YoY+789.3%	121M YoY-28.0%	168M YoY-85.5%	1.16B YoY+1006.7%	105M YoY-97.6%
Common stock repurchased	400M YoY-60.0%	999M YoY+0.7%	992M	0.00	0.00
Dividends paid	486M YoY+9.5%	444M YoY+21.3%	366M YoY+97.8%	185M	0.00
Other financing activities	-108M YoY-10700.0%	-1.00M YoY-102.4%	42.0M YoY+220.0%	-35.0M YoY+23.9%	-46.0M YoY+34.3%
Interest paid	412M YoY+9.9%	375M YoY+42.0%	264M YoY+14.8%	230M YoY-16.4%	275M YoY-16.9%
Income taxes paid	446M YoY+2.3%	436M YoY-6.4%	466M YoY+62.4%	287M YoY-32.6%	426M YoY+508.6%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	110B YoY+57.7%	70.0B YoY+87.4%	37.3B YoY+32.4%	28.2B	—
P/E	47.6× YoY+154.9%	18.7× YoY-15.9%	22.2×	—	—
P/S	4.9× YoY+31.9%	3.7× YoY+99.4%	1.9× YoY+32.9%	1.4×	—
P/B	7.6× YoY+43.0%	5.3× YoY+64.9%	3.2× YoY+23.5%	2.6×	—
P/FCF	85.7×	—	—	—	—
Earnings yield	2.1% YoY-60.8%	5.4% YoY+19.0%	4.5%	—	—
FCF yield	1.2%	—	—	—	—
Dividend yield	0.1% YoY-30.3%	0.2% YoY-34.7%	0.2% YoY+47.5%	0.2%	—
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: CEG's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all CEG filings on SEC EDGAR → Not investment advice.

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financial statements