Constellation Energy Corporation
Utilities · Baltimore, Maryland · NASDAQ
Company Description
Financial Performance — 5 Years
Financial Statements
| Item | FY-4 | FY-3 | FY-2 | FY-1 | FY (Latest) | Source |
|---|---|---|---|---|---|---|
| Revenue | $0.0M | $24.4B | $24.9B | $23.6B | $25.5B | [CEG 10-K filed 2026-02-24 · accession 0001868275-26-000032] |
| Gross Profit | $0.0M | $2.1B | $3.2B | $6.0B | $4.7B | [CEG 10-K filed 2026-02-24 · accession 0001868275-26-000032] |
| Operating Income | $0.0M | $-408.0M | $2.4B | $4.8B | $4.2B | [CEG 10-K filed 2026-02-24 · accession 0001868275-26-000032] |
| Operating Margin % | 0.0% | -1.7% | 9.6% | 20.6% | 16.4% | [CEG 10-K filed 2026-02-24 · accession 0001868275-26-000032] |
| EBITDA | $0.0M | $1.6B | $4.4B | $6.9B | $6.3B | [CEG 10-K filed 2026-02-24 · accession 0001868275-26-000032] |
| Net Income | $0.0M | $-160.0M | $1.6B | $3.7B | $2.3B | [CEG 10-K filed 2026-02-24 · accession 0001868275-26-000032] |
| EPS ($) | $0.00 | $-0.49 | $5.01 | $11.89 | $7.40 | [CEG 10-K filed 2026-02-24 · accession 0001868275-26-000032] |
| FCF | $0.0M | $-4.0B | $-7.7B | $-5.0B | $1.3B | [CEG 10-K filed 2026-02-24 · accession 0001868275-26-000032] |
Economic Moat
Valuation Multiples
| Multiple | Company | Own 5Y Average | Gap vs 5Y Average |
|---|---|---|---|
| P/E (TTM) [yfinance snapshot · 5Y computed 2026-04-18] | 40.0x | 30.0x (4Y) | +33.4% |
| P/E (Fwd) [yfinance forward consensus] | 21.6x | N/A | N/A |
| EV/EBITDA [yfinance snapshot · 5Y computed 2026-04-18] | 20.1x | 15.3x (4Y) | +32.0% |
| P/S [yfinance snapshot · 5Y computed 2026-04-18] | 4.2x | 2.5x (4Y) | +69.4% |
| P/B [yfinance snapshot · 5Y computed 2026-04-18] | 6.4x | 4.7x (4Y) | +35.0% |
| Div Yield [yfinance snapshot · 5Y computed 2026-04-18] | 58.00% | 0.68% (4Y) | +57.32pp |
| FCF Yield (snapshot) [computed · 2026-04-18] | 1.20% | -10.30% (4Y) | -111.7% |
5Y statistical averages computed from yfinance annual data (annual income_stmt × balance_sheet × cash_flow + price snapshots at FY-end). Source: lib/compute_5y_multiples.py · Refresh: 2026-04-18 | |||
How to Think About This Company
A full How to Think About This Company analysis for CEG — covering essence, key variables, potential analytical pitfalls, and what distinguishes professional thinking from noise — is available within the Family Office content set.
The difference between surface-level analysis and professional thinking often lies in the variables that are not immediately visible.
Risks & Items Under Watch
Scenario Framework
The framework below describes what conditions need to occur in each scenario — not a price forecast.
Scenarios are descriptive, not predictive. They outline possible conditions, not expected outcomes. These scenarios contain no probability assessment, no preferred direction, and no expectation as to which will materialize.
Analytical Lens — The Questions We Ask
In professional company analysis, the question is not "Is this good?" but rather "From which angles must we examine the company so as not to miss the essence?" Every analysis at Bakshi Finance passes through six lenses. The text below is not an evaluation — it is a mapping of the questions this analysis is meant to answer.
The analysis is based on an internal multi-factor analytical framework used in professional portfolio management. The framework maps the questions; the answers appear woven through the analysis above.
What the lens is not: there is no rating, no score, no comparison between this company and another, and no preference. The same six questions are asked of every company on the site — what differs is the answers, not the tool.
This framework is intended to structure analysis, not to produce an investment conclusion.
Key Observations
This summary is not a recommendation. It is a factual list of what the analysis identified. The decision — rests with the client.
Disclosure — Family Office Format
Bakshi Finance operates as a Family Office serving qualified clients only. Mr. Yaron Bakshi was a licensed investment advisor between 2008 and 2023. As of the publication date of this document, the company does not hold a license for investment advisory, investment marketing, or portfolio management.
This document is intended for research and professional educational purposes only. Nothing herein constitutes a recommendation to buy, sell, hold, or take any action with respect to any securities. Nothing herein is a substitute for advice that takes into account the data and needs of any particular individual. Every decision — rests solely with the investor.
Past performance is not indicative of future results.