Constellation Energy (CEG) Net Margin (2021 - 2026)
Constellation Energy (CEG) recorded Net Margin of 19.21% in Q3 2026, up 5.06 percentage points from 14.16% a year earlier and up 12.38 percentage points from the prior quarter.
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Analysis
Constellation Energy (CEG) Net Margin (2021 - 2026) Analysis & Trends
On a TTM basis, Constellation Energy's Net Margin came in at 12.76% as of Sep 30, 2026, up 1.73 percentage points year-over-year; for FY2025, it was 9.08%, down 6.82 percentage points from FY2024.
- Annual Net Margin has a five-year change of +5.74 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at 15.91% in FY2024 (+9.39 pp), 6.51% in FY2023 (+7.17 pp), -0.65% in FY2022 (+0.39 pp) and -1.04% in FY2021 (-4.39 pp).
- The Q3 2026 figure is the highest quarterly Net Margin in data going back to Q1 2021.
- On a year-over-year basis, Net Margin rose in three of the last eight quarters, with an average year-over-year change of +0.07 percentage points.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 17.33 percentage points in Q2 2023, against a drop of 16.79 percentage points in Q3 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 6.84% (Q2 2026), 14.30% (Q1 2026) and 7.11% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Constellation Energy | 98.63 Bn | 93.22 Bn | - | 19.21% |
| 2 | Vistra | 44.52 Bn | 35.00 Bn | - | 17.20% |
| 3 | AXIA Energia | 24.30 Bn | 11.28 Bn | 2.59 Bn | 15.99% |
| 4 | Nrg Energy | 20.38 Bn | 15.19 Bn | 2.23 Bn | 5.75% |
| 5 | Talen Energy | 17.79 Bn | 15.53 Bn | - | 10.40% |
| 6 | Enlight Renewable Energy | 8.73 Bn | 5.30 Bn | 124.81 Mn | 15.77% |
| 7 | Brookfield Renewable Partners | 7.94 Bn | -20.71 Bn | 23.00 Mn | 23.87% |
| 8 | Clearway Energy | 7.36 Bn | 9.95 Bn | - | 9.77% |
| 9 | Ormat Technologies | 5.56 Bn | 4.03 Bn | 77.38 Mn | 11.60% |
| 10 | Oklo | 4.67 Bn | -3.73 Bn | 772,000.00 | -2,243.20% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 19.21% |
| Jun 30, 2026 | 6.84% |
| Mar 31, 2026 | 14.30% |
| Dec 31, 2025 | 7.11% |
| Sep 30, 2025 | 14.16% |
| Jun 30, 2025 | 13.75% |
| Mar 31, 2025 | 1.74% |
| Dec 31, 2024 | 15.83% |
| Sep 30, 2024 | 18.32% |
| Jun 30, 2024 | 14.87% |
| Mar 31, 2024 | 14.33% |
| Dec 31, 2023 | -0.64% |
| Sep 30, 2023 | 11.96% |
| Jun 30, 2023 | 15.30% |
| Mar 31, 2023 | 1.27% |
| Dec 31, 2022 | 0.46% |
| Sep 30, 2022 | -3.11% |
| Jun 30, 2022 | -2.03% |
| Mar 31, 2022 | 1.90% |
| Dec 31, 2021 | 0.78% |
API Access
Constellation Energy Net 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=net-margin&ticker=CEG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=CEG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();