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CEG vs. D: Constellation Energy vs. Dominion Energy Stock Comparison

How do Constellation Energy (CEG) and Dominion Energy (D) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Constellation Energy (CEG) and Dominion Energy (D) both fall under the Utilities industry group, but CEG is classified in Electric Utilities while D is classified in Multi-Utilities.

Dominion Energy (D) has more than two decades of public-market history since March 17, 1980, whereas Constellation Energy (CEG) listed on January 19, 2022 and has a much shorter record to draw on.

Company profile comparison for Constellation Energy (CEG) and Dominion Energy (D)
Profile ItemCEGD
NameConstellation Energy CorporationDominion Energy, Inc.
Country/RegionUnited StatesUnited States
GICS SectorUtilitiesUtilities
GICS Industry GroupUtilitiesUtilities
GICS IndustryElectric UtilitiesMulti-Utilities
GICS Sub-IndustryElectric UtilitiesMulti-Utilities
Market Capitalization105.92 billion USD57.91 billion USD
CurrencyUSDUSD
ExchangeNasdaqNYSE
Listing DateJanuary 19, 2022March 17, 1980
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

CEG
D
GSPC
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Constellation Energy (CEG) vs. Dominion Energy (D), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Constellation Energy (CEG) and Dominion Energy (D). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Constellation Energy (CEG) and Dominion Energy (D). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Constellation Energy (CEG) and Dominion Energy (D)
MetricCEGD
Total Return (1Y)-2.73%18.12%
Total Return (3Y, Annualized)41.62%16.56%
Total Return (5Y, Annualized)--1.02%

Risk Profile

Drawdown History

CEG
D
GSPC
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Constellation Energy (CEG) vs. Dominion Energy (D), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Constellation Energy (CEG) and Dominion Energy (D). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Constellation Energy (CEG) and Dominion Energy (D)
MetricCEGD
Volatility (1Y, Annualized)47.37%20.24%
Beta (5Y)1.110.63
Max Drawdown (5Y)-50.70%-52.20%
Avg. Volume (3M)3.13M4.91M

Risk-Adjusted Performance

Risk-Return Positioning

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CEG and D are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Constellation Energy (CEG) and Dominion Energy (D)
MetricCEGD
Sharpe Ratio (1Y)-0.140.69
Sortino Ratio (1Y)-0.201.09

Profitability

ROE (TTM)

Constellation Energy (CEG) at 15.06% sits in the top ROE quartile, while Dominion Energy (D) at 8.28% is closer to the peer norm — stronger capital efficiency for CEG.

CEG

Utilities industry group

15.06%

Max
17.16%
CEG
15.06%
Q3
11.68%
Median
9.44%
Q1
7.51%
Min
2.49%

D

Utilities industry group

8.28%

Max
17.16%
Q3
11.68%
Median
9.44%
D
8.28%
Q1
7.51%
Min
2.49%
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Constellation Energy (CEG) vs. Dominion Energy (D): A comparison of their ROE against the Utilities industry group benchmark.

Net Margin (TTM)

Both Constellation Energy (CEG) at 11.08% and Dominion Energy (D) at 13.99% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

CEG

Utilities industry group

11.08%

Max
28.78%
Q3
16.62%
Median
12.58%
CEG
11.08%
Q1
8.01%
Min
-1.02%

D

Utilities industry group

13.99%

Max
28.78%
Q3
16.62%
D
13.99%
Median
12.58%
Q1
8.01%
Min
-1.02%
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Constellation Energy (CEG) vs. Dominion Energy (D): A comparison of their net margin against the Utilities industry group benchmark.

Operating Margin (TTM)

Dominion Energy (D) at 29.22% carries a top-quartile operating margin, while Constellation Energy (CEG) at 8.66% operates in the bottom quartile.

CEG

Utilities industry group

8.66%

Max
42.26%
Q3
26.81%
Median
21.38%
Q1
13.60%
CEG
8.66%
Min
-4.80%

D

Utilities industry group

29.22%

Max
42.26%
D
29.22%
Q3
26.81%
Median
21.38%
Q1
13.60%
Min
-4.80%
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Constellation Energy (CEG) vs. Dominion Energy (D): A comparison of their operating margin against the Utilities industry group benchmark.

Profitability Metrics

Profitability metrics for Constellation Energy (CEG) and Dominion Energy (D)
MetricCEGD
ROE (TTM)15.06%8.28%
ROA (TTM)3.89%3.04%
Net Margin (TTM)11.08%13.99%
Operating Margin (TTM)8.66%29.22%
Gross Margin (TTM)22.11%46.22%

Growth

Revenue Growth

Dominion Energy (D) at 14.16% sits in the top revenue growth quartile, while Constellation Energy (CEG) at 8.34% is closer to the peer norm — faster top-line expansion for D.

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Constellation Energy (CEG) vs. Dominion Energy (D): A comparison of their Revenue Growth across different time periods.

EPS Growth

Dominion Energy (D) at 39.78% sits in the top EPS growth quartile, while Constellation Energy (CEG) at -37.76% is in the bottom quartile, showing a clear gap in earnings momentum.

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Constellation Energy (CEG) vs. Dominion Energy (D): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Constellation Energy (CEG) and Dominion Energy (D)
MetricCEGD
Revenue Growth (YoY)8.34%14.16%
Revenue Growth (3Y CAGR)1.47%5.80%
EPS Growth (YoY)-37.76%39.78%
EPS Growth (3Y CAGR)--46.26%

Financial Strength

Current Ratio (MRQ)

Dominion Energy (D) at 0.81 keeps current ratio within its industry’s typical mid-range, while Constellation Energy (CEG) at 1.46 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

CEG

Utilities industry group

1.46

Max
1.71
CEG
1.46
Q3
1.17
Median
0.87
Q1
0.63
Min
0.32

D

Utilities industry group

0.81

Max
1.71
Q3
1.17
Median
0.87
D
0.81
Q1
0.63
Min
0.32
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Constellation Energy (CEG) vs. Dominion Energy (D): A comparison of their current ratio against the Utilities industry group benchmark.

Debt / Equity (MRQ)

Constellation Energy (CEG) at 0.76 keeps leverage in the lower industry quartile, while Dominion Energy (D) at 1.60 runs a more typical debt-to-equity mix.

CEG

Utilities industry group

0.76

Max
2.86
Q3
1.80
Median
1.35
Q1
0.82
CEG
0.76
Min
0.00

D

Utilities industry group

1.60

Max
2.86
Q3
1.80
D
1.60
Median
1.35
Q1
0.82
Min
0.00
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Constellation Energy (CEG) vs. Dominion Energy (D): A comparison of their debt-to-equity ratio against the Utilities industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Constellation Energy (CEG) and Dominion Energy (D)
MetricCEGD
Current Ratio (MRQ)1.460.81
Debt / Equity (MRQ)0.761.60
Net Debt / EBITDA3.026.43

Dividends

Dividend Yield (TTM)

Dominion Energy (D) at 4.04% offers top-quartile income, while Constellation Energy (CEG) at 0.57% sits in the bottom quartile — a wide gap in cash returned to shareholders.

CEG

Utilities industry group

0.57%

Max
6.15%
Q3
3.74%
Median
2.86%
Q1
1.46%
CEG
0.57%
Min
0.00%

D

Utilities industry group

4.04%

Max
6.15%
D
4.04%
Q3
3.74%
Median
2.86%
Q1
1.46%
Min
0.00%
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Constellation Energy (CEG) vs. Dominion Energy (D): A comparison of their dividend yield against the Utilities industry group benchmark.

Dividend Payout Ratio (TTM)

Constellation Energy (CEG) at 15.92% retains more earnings than its industry usually does; Dominion Energy (D) at 92.39% distributes an above-typical share — opposite departures from the band, with the risk sitting on D’s side.

CEG

Utilities industry group

15.92%

Max
108.33%
Q3
71.12%
Median
57.60%
Q1
27.61%
CEG
15.92%
Min
0.00%

D

Utilities industry group

92.39%

Max
108.33%
D
92.39%
Q3
71.12%
Median
57.60%
Q1
27.61%
Min
0.00%
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Constellation Energy (CEG) vs. Dominion Energy (D): A comparison of their payout ratio against the Utilities industry group benchmark.

Dividend Metrics

Dividend metrics for Constellation Energy (CEG) and Dominion Energy (D)
MetricCEGD
Dividend Yield (TTM)0.57%4.04%
Dividend Payout Ratio (TTM)15.92%92.39%

Valuation

P/E Ratio (TTM)

Both Constellation Energy (CEG) at 29.25 and Dominion Energy (D) at 22.78 sit in the richer earnings-multiple quartile for P/E ratio, so investors are paying more for TTM earnings than they pay for typical peers.

CEG

Utilities industry group

29.25

Max
31.69
CEG
29.25
Q3
22.65
Median
20.58
Q1
16.04
Min
6.50

D

Utilities industry group

22.78

Max
31.69
D
22.78
Q3
22.65
Median
20.58
Q1
16.04
Min
6.50
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Constellation Energy (CEG) vs. Dominion Energy (D): A comparison of their P/E ratio against the Utilities industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Constellation Energy (CEG) at 3.39 and Dominion Energy (D) at 3.20 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

CEG

Utilities industry group

3.39

Max
6.62
Q3
3.66
CEG
3.39
Median
2.68
Q1
1.64
Min
0.00

D

Utilities industry group

3.20

Max
6.62
Q3
3.66
D
3.20
Median
2.68
Q1
1.64
Min
0.00
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Constellation Energy (CEG) vs. Dominion Energy (D): A comparison of their P/S ratio against the Utilities industry group benchmark.

P/B Ratio (MRQ)

Dominion Energy (D) at 2.07 is valued about in line with its industry on P/B ratio, while Constellation Energy (CEG) at 3.32 carries an above-peer premium to book — CEG is pricier on assets.

CEG

Utilities industry group

3.32

CEG
3.32
Max
3.32
Q3
2.24
Median
1.88
Q1
1.46
Min
0.36

D

Utilities industry group

2.07

Max
3.32
Q3
2.24
D
2.07
Median
1.88
Q1
1.46
Min
0.36
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Constellation Energy (CEG) vs. Dominion Energy (D): A comparison of their P/B ratio against the Utilities industry group benchmark.

Valuation Metrics

Valuation metrics for Constellation Energy (CEG) and Dominion Energy (D)
MetricCEGD
P/E Ratio (TTM)29.2522.78
P/S Ratio (TTM)3.393.20
P/B Ratio (MRQ)3.322.07
Free Cash Flow Yield (TTM)-6.25%-15.85%