Constellation Energy (CEG) FCF Margin (2021 - 2026)
Constellation Energy's FCF Margin was 26.03% in Q3 2026, up 3.84 percentage points from 22.19% a year earlier and up 27.60 percentage points from the prior quarter.
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Analysis
Constellation Energy (CEG) FCF Margin (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, Constellation Energy's FCF Margin was 3.90% through Sep 30, 2026, up 5.01 percentage points year-over-year; for FY2025, it was 5.04%, up 26.38 percentage points from FY2024.
- FCF Margin shows a five-year change of +11.65 percentage points (FY2020 to FY2025).
- In earlier years, FCF Margin was -21.34% in FY2024 (+9.66 pp), -30.99% in FY2023 (-14.46 pp), -16.54% in FY2022 (-2.97 pp) and -13.57% in FY2021 (-6.97 pp).
- The Q3 2026 figure marks the highest quarterly FCF Margin in data going back to Q1 2021.
- Compared with a year earlier, FCF Margin was higher in seven of the last eight quarters, with an average year-over-year change of +16.95 percentage points.
- The best year-over-year quarter for FCF Margin over five years was Q1 2022 (a gain of 52.70 percentage points); the worst was Q3 2022 (a drop of 46.40 percentage points).
- Per Business Quant data, CEG's FCF Margin in the three quarters before Q3 2026 was -1.57% (Q2 2026), -7.64% (Q1 2026) and -2.98% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Constellation Energy | 98.63 Bn | 93.22 Bn | - | 26.03% |
| 2 | Vistra | 44.52 Bn | 35.00 Bn | - | 21.44% |
| 3 | AXIA Energia | 24.30 Bn | 11.28 Bn | 2.59 Bn | 0.00% |
| 4 | Nrg Energy | 20.38 Bn | 15.19 Bn | 2.23 Bn | 6.03% |
| 5 | Talen Energy | 17.79 Bn | 15.53 Bn | - | 22.31% |
| 6 | Enlight Renewable Energy | 8.73 Bn | 5.30 Bn | 124.81 Mn | 461.12% |
| 7 | Brookfield Renewable Partners | 7.94 Bn | -20.71 Bn | 23.00 Mn | 1,230.97% |
| 8 | Clearway Energy | 7.36 Bn | 9.95 Bn | - | 14.56% |
| 9 | Ormat Technologies | 5.56 Bn | 4.03 Bn | 77.38 Mn | -26.51% |
| 10 | Oklo | 4.67 Bn | -3.73 Bn | 772,000.00 | -10,717.62% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 26.03% |
| Jun 30, 2026 | -1.57% |
| Mar 31, 2026 | -7.64% |
| Dec 31, 2025 | -2.98% |
| Sep 30, 2025 | 22.19% |
| Jun 30, 2025 | 11.64% |
| Mar 31, 2025 | -10.30% |
| Dec 31, 2024 | -32.42% |
| Sep 30, 2024 | -10.14% |
| Jun 30, 2024 | -21.17% |
| Mar 31, 2024 | -23.71% |
| Dec 31, 2023 | -66.75% |
| Sep 30, 2023 | -22.78% |
| Jun 30, 2023 | -15.94% |
| Mar 31, 2023 | -21.07% |
| Dec 31, 2022 | -41.20% |
| Sep 30, 2022 | -24.52% |
| Jun 30, 2022 | -8.75% |
| Mar 31, 2022 | 16.83% |
| Dec 31, 2021 | -46.19% |
API Access
Constellation Energy FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=CEG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "CEG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=CEG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();