CEG vs. ED: Constellation Energy vs. Consolidated Edison Stock Comparison
How do Constellation Energy (CEG) and Consolidated Edison (ED) 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 Consolidated Edison (ED) both fall under the Utilities industry group, but CEG is classified in Electric Utilities while ED is classified in Multi-Utilities.
Consolidated Edison (ED) has more than two decades of public-market history since January 2, 1962, whereas Constellation Energy (CEG) listed on January 19, 2022 and has a much shorter record to draw on.
| Profile Item | CEG | ED |
|---|---|---|
| Name | Constellation Energy Corporation | Consolidated Edison Inc. |
| Country/Region | United States | United States |
| GICS Sector | Utilities | Utilities |
| GICS Industry Group | Utilities | Utilities |
| GICS Industry | Electric Utilities | Multi-Utilities |
| GICS Sub-Industry | Electric Utilities | Multi-Utilities |
| Market Capitalization | 88.56 billion USD | 44.00 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | NYSE |
| Listing Date | January 19, 2022 | January 2, 1962 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | CEG | ED |
|---|---|---|
| Total Return (1Y) | -23.27% | 24.62% |
| Total Return (3Y, Annualized) | 32.21% | 13.82% |
| Total Return (5Y, Annualized) | -- | 12.66% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | CEG | ED |
|---|---|---|
| Volatility (1Y, Annualized) | 49.44% | 17.94% |
| Beta (5Y) | 1.11 | 0.23 |
| Max Drawdown (5Y) | -50.70% | -22.03% |
| Avg. Volume (3M) | 3.37M | 2.21M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | CEG | ED |
|---|---|---|
| Sharpe Ratio (1Y) | -0.56 | 1.13 |
| Sortino Ratio (1Y) | -0.78 | 1.74 |
Profitability
ROE (TTM)
Constellation Energy (CEG) at 15.06% sits in the top ROE quartile, while Consolidated Edison (ED) at 9.10% is closer to the peer norm — stronger capital efficiency for CEG.
CEG
Utilities industry group
15.06%
- Max
- 17.99%
- CEG
- 15.06%
- Q3
- 12.01%
- Median
- 9.44%
- Q1
- 7.56%
- Min
- 2.17%
ED
Utilities industry group
9.10%
- Max
- 17.99%
- Q3
- 12.01%
- Median
- 9.44%
- ED
- 9.10%
- Q1
- 7.56%
- Min
- 2.17%
Net Margin (TTM)
Both Constellation Energy (CEG) at 11.08% and Consolidated Edison (ED) at 12.70% 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
- 17.30%
- Median
- 12.73%
- CEG
- 11.08%
- Q1
- 9.18%
- Min
- -0.20%
ED
Utilities industry group
12.70%
- Max
- 28.78%
- Q3
- 17.30%
- Median
- 12.73%
- ED
- 12.70%
- Q1
- 9.18%
- Min
- -0.20%
Operating Margin (TTM)
Consolidated Edison (ED) at 26.28% runs core operations around its industry’s norm, while Constellation Energy (CEG) at 8.66% operates in the bottom quartile.
CEG
Utilities industry group
8.66%
- Max
- 53.83%
- Q3
- 31.12%
- Median
- 23.62%
- Q1
- 15.45%
- CEG
- 8.66%
- Min
- -4.90%
ED
Utilities industry group
26.28%
- Max
- 53.83%
- Q3
- 31.12%
- ED
- 26.28%
- Median
- 23.62%
- Q1
- 15.45%
- Min
- -4.90%
Profitability Metrics
| Metric | CEG | ED |
|---|---|---|
| ROE (TTM) | 15.06% | 9.10% |
| ROA (TTM) | 3.89% | 3.33% |
| Net Margin (TTM) | 11.08% | 12.70% |
| Operating Margin (TTM) | 8.66% | 26.28% |
| Gross Margin (TTM) | 22.11% | 53.72% |
Growth
Revenue Growth
Both Constellation Energy (CEG) at 8.34% and Consolidated Edison (ED) at 10.89% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
Consolidated Edison (ED) at 7.63% is around its peer norm for EPS growth, while Constellation Energy (CEG) at -37.76% drops into the bottom quartile, signaling weaker earnings momentum.
Growth Metrics
| Metric | CEG | ED |
|---|---|---|
| Revenue Growth (YoY) | 8.34% | 10.89% |
| Revenue Growth (3Y CAGR) | 1.47% | 2.59% |
| EPS Growth (YoY) | -37.76% | 7.63% |
| EPS Growth (3Y CAGR) | -- | 6.57% |
Financial Strength
Current Ratio (MRQ)
Both Constellation Energy (CEG) at 1.46 and Consolidated Edison (ED) at 1.18 post current ratio above their industries’ typical mid-ranges — short-term liquidity appears comfortable, though unusually high readings can point to idle current assets.
CEG
Utilities industry group
1.46
- Max
- 1.90
- CEG
- 1.46
- Q3
- 1.17
- Median
- 0.88
- Q1
- 0.66
- Min
- 0.29
ED
Utilities industry group
1.18
- Max
- 1.90
- ED
- 1.18
- Q3
- 1.17
- Median
- 0.88
- Q1
- 0.66
- Min
- 0.29
Debt / Equity (MRQ)
Constellation Energy (CEG) at 0.76 keeps leverage in the lower industry quartile, while Consolidated Edison (ED) at 1.06 runs a more typical debt-to-equity mix.
CEG
Utilities industry group
0.76
- Max
- 2.63
- Q3
- 1.77
- Median
- 1.35
- Q1
- 0.84
- CEG
- 0.76
- Min
- 0.00
ED
Utilities industry group
1.06
- Max
- 2.63
- Q3
- 1.77
- Median
- 1.35
- ED
- 1.06
- Q1
- 0.84
- Min
- 0.00
Financial Strength Metrics
| Metric | CEG | ED |
|---|---|---|
| Current Ratio (MRQ) | 1.46 | 1.18 |
| Debt / Equity (MRQ) | 0.76 | 1.06 |
| Net Debt / EBITDA | 3.02 | 4.42 |
Dividends
Dividend Yield (TTM)
Both Constellation Energy (CEG) at 0.68% and Consolidated Edison (ED) at 2.89% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.
CEG
Utilities industry group
0.68%
- Max
- 6.66%
- Q3
- 3.58%
- Median
- 2.85%
- CEG
- 0.68%
- Q1
- 0.66%
- Min
- 0.00%
ED
Utilities industry group
2.89%
- Max
- 6.66%
- Q3
- 3.58%
- ED
- 2.89%
- Median
- 2.85%
- Q1
- 0.66%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Consolidated Edison (ED) at 56.38% keeps its payout within the industry’s typical band; Constellation Energy (CEG) at 15.92% pays out less than peers usually do, retaining more of its earnings — a policy difference more than a quality gap.
CEG
Utilities industry group
15.92%
- Max
- 113.04%
- Q3
- 68.72%
- Median
- 56.38%
- Q1
- 32.38%
- CEG
- 15.92%
- Min
- 0.00%
ED
Utilities industry group
56.38%
- Max
- 113.04%
- Q3
- 68.72%
- ED
- 56.38%
- Median
- 56.38%
- Q1
- 32.38%
- Min
- 0.00%
Dividend Metrics
| Metric | CEG | ED |
|---|---|---|
| Dividend Yield (TTM) | 0.68% | 2.89% |
| Dividend Payout Ratio (TTM) | 15.92% | 56.38% |
Valuation
P/E Ratio (TTM)
Consolidated Edison (ED) at 19.03 is near its industry’s usual P/E ratio, while Constellation Energy (CEG) at 24.43 sits in the richer quartile — CEG needs stronger growth or earnings quality to justify the premium.
CEG
Utilities industry group
24.43
- Max
- 31.22
- CEG
- 24.43
- Q3
- 23.30
- Median
- 19.64
- Q1
- 15.17
- Min
- 3.34
ED
Utilities industry group
19.03
- Max
- 31.22
- Q3
- 23.30
- Median
- 19.64
- ED
- 19.03
- Q1
- 15.17
- Min
- 3.34
P/S Ratio (TTM)
On P/S ratio, both Constellation Energy (CEG) at 2.83 and Consolidated Edison (ED) at 2.43 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.
CEG
Utilities industry group
2.83
- Max
- 6.35
- Q3
- 3.63
- CEG
- 2.83
- Median
- 2.63
- Q1
- 1.52
- Min
- 0.00
ED
Utilities industry group
2.43
- Max
- 6.35
- Q3
- 3.63
- Median
- 2.63
- ED
- 2.43
- Q1
- 1.52
- Min
- 0.00
P/B Ratio (MRQ)
Consolidated Edison (ED) at 1.67 is valued about in line with its industry on P/B ratio, while Constellation Energy (CEG) at 2.78 carries an above-peer premium to book — CEG is pricier on assets.
CEG
Utilities industry group
2.78
- Max
- 3.12
- CEG
- 2.78
- Q3
- 2.21
- Median
- 1.83
- Q1
- 1.46
- Min
- 0.34
ED
Utilities industry group
1.67
- Max
- 3.12
- Q3
- 2.21
- Median
- 1.83
- ED
- 1.67
- Q1
- 1.46
- Min
- 0.34
Valuation Metrics
| Metric | CEG | ED |
|---|---|---|
| P/E Ratio (TTM) | 24.43 | 19.03 |
| P/S Ratio (TTM) | 2.83 | 2.43 |
| P/B Ratio (MRQ) | 2.78 | 1.67 |
| Free Cash Flow Yield (TTM) | -7.48% | -3.05% |