Constellation Energy (CEG) Operating Margin (2021 - 2026)
Constellation Energy's Operating Margin came in at 26.09% for Q3 2026, up 9.56 percentage points from 16.53% a year earlier and up 18.37 percentage points from the prior quarter.
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Analysis
Constellation Energy (CEG) Operating Margin (2021 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Constellation Energy reported Operating Margin of 17.52%, up 3.60 percentage points year-over-year; for FY2025, it came in at 12.09%, down 6.38 percentage points from FY2024.
- Operating Margin carries a five-year change of +10.63 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was 18.47% in FY2024 (+12.00 pp), 6.46% in FY2023 (+4.44 pp), 2.03% in FY2022 (+3.79 pp) and -1.76% in FY2021 (-3.22 pp).
- The Q3 2026 figure represents the highest quarterly Operating Margin in data going back to Q1 2021.
- Year-over-year, Operating Margin increased in three of the last eight quarters, with an average year-over-year change of +1.26 percentage points.
- The fastest year-over-year change in Operating Margin over five years came in Q1 2022 (a gain of 26.52 percentage points), and the weakest in Q3 2022 (a drop of 23.51 percentage points).
- Business Quant data shows CEG's Operating Margin at 7.73% (Q2 2026), 20.97% (Q1 2026) and 9.85% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Constellation Energy | 98.63 Bn | 93.22 Bn | - | 26.09% |
| 2 | Vistra | 44.52 Bn | 35.00 Bn | - | 26.88% |
| 3 | AXIA Energia | 24.30 Bn | 11.28 Bn | 2.59 Bn | 41.22% |
| 4 | Nrg Energy | 20.38 Bn | 15.19 Bn | 2.23 Bn | 11.45% |
| 5 | Talen Energy | 17.79 Bn | 15.53 Bn | - | 19.22% |
| 6 | Enlight Renewable Energy | 8.73 Bn | 5.30 Bn | 124.81 Mn | 48.83% |
| 7 | Brookfield Renewable Partners | 7.94 Bn | -20.71 Bn | 23.00 Mn | 14.84% |
| 8 | Clearway Energy | 7.36 Bn | 9.95 Bn | - | 25.86% |
| 9 | Ormat Technologies | 5.56 Bn | 4.03 Bn | 77.38 Mn | 16.45% |
| 10 | Oklo | 4.67 Bn | -3.73 Bn | 772,000.00 | -3,816.07% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 26.09% |
| Jun 30, 2026 | 7.73% |
| Mar 31, 2026 | 20.97% |
| Dec 31, 2025 | 9.85% |
| Sep 30, 2025 | 16.53% |
| Jun 30, 2025 | 15.59% |
| Mar 31, 2025 | 6.64% |
| Dec 31, 2024 | 18.06% |
| Sep 30, 2024 | 22.40% |
| Jun 30, 2024 | 20.09% |
| Mar 31, 2024 | 13.20% |
| Dec 31, 2023 | -1.16% |
| Sep 30, 2023 | 15.99% |
| Jun 30, 2023 | 12.28% |
| Mar 31, 2023 | 0.41% |
| Dec 31, 2022 | -2.35% |
| Sep 30, 2022 | -0.68% |
| Jun 30, 2022 | 4.98% |
| Mar 31, 2022 | 7.78% |
| Dec 31, 2021 | -0.04% |
API Access
Constellation Energy Operating 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=operating-margin&ticker=CEG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=CEG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();