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CEG vs. EMA: Constellation Energy vs. Emera Stock Comparison

How do Constellation Energy (CEG) and Emera (EMA) 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 Emera (EMA) are both classified in the Electric Utilities sub-industry within the broader Electric Utilities industry, placing them in the closest GICS peer bucket.

Company profile comparison for Constellation Energy (CEG) and Emera (EMA)
Profile ItemCEGEMA
NameConstellation Energy CorporationEmera Inc.
Country/RegionUnited StatesCanada
GICS SectorUtilitiesUtilities
GICS Industry GroupUtilitiesUtilities
GICS IndustryElectric UtilitiesElectric Utilities
GICS Sub-IndustryElectric UtilitiesElectric Utilities
Market Capitalization88.56 billion USD15.62 billion USD
CurrencyUSDUSD
ExchangeNasdaqNYSE
Listing DateJanuary 19, 2022January 5, 2010
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

CEG
EMA
GSPC
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Constellation Energy (CEG) vs. Emera (EMA), 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 Emera (EMA). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Constellation Energy (CEG) and Emera (EMA)
MetricCEGEMA
Total Return (1Y)-23.27%9.07%
Total Return (3Y, Annualized)32.21%18.64%
Total Return (5Y, Annualized)--6.45%

Risk Profile

Drawdown History

CEG
EMA
GSPC
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Constellation Energy (CEG) vs. Emera (EMA), 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 Emera (EMA). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Constellation Energy (CEG) and Emera (EMA)
MetricCEGEMA
Volatility (1Y, Annualized)49.44%16.26%
Beta (5Y)1.110.40
Max Drawdown (5Y)-50.70%-32.61%
Avg. Volume (3M)3.37M713.97K

Risk-Adjusted Performance

Risk-Return Positioning

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CEG and EMA 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 Emera (EMA)
MetricCEGEMA
Sharpe Ratio (1Y)-0.560.29
Sortino Ratio (1Y)-0.780.43

Profitability

ROE (TTM)

Constellation Energy (CEG) at 15.06% sits in the top ROE quartile, while Emera (EMA) at 7.56% 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%

EMA

Utilities industry group

7.56%

Max
17.99%
Q3
12.01%
Median
9.44%
EMA
7.56%
Q1
7.56%
Min
2.17%
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Constellation Energy (CEG) vs. Emera (EMA): A comparison of their ROE against the Utilities industry group benchmark.

Net Margin (TTM)

Both Constellation Energy (CEG) at 11.08% and Emera (EMA) at 11.64% 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%

EMA

Utilities industry group

11.64%

Max
28.78%
Q3
17.30%
Median
12.73%
EMA
11.64%
Q1
9.18%
Min
-0.20%
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Constellation Energy (CEG) vs. Emera (EMA): A comparison of their net margin against the Utilities industry group benchmark.

Operating Margin (TTM)

Emera (EMA) at 17.85% 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%

EMA

Utilities industry group

17.85%

Max
53.83%
Q3
31.12%
Median
23.62%
EMA
17.85%
Q1
15.45%
Min
-4.90%
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Constellation Energy (CEG) vs. Emera (EMA): A comparison of their operating margin against the Utilities industry group benchmark.

Profitability Metrics

Profitability metrics for Constellation Energy (CEG) and Emera (EMA)
MetricCEGEMA
ROE (TTM)15.06%7.56%
ROA (TTM)3.89%2.91%
Net Margin (TTM)11.08%11.64%
Operating Margin (TTM)8.66%17.85%
Gross Margin (TTM)22.11%43.76%

Growth

Revenue Growth

Emera (EMA) at 21.89% 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 EMA.

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

EPS Growth

Emera (EMA) at 97.66% delivers above-range EPS growth, while Constellation Energy (CEG) at -37.76% falls into the bottom quartile — a wide split in earnings momentum.

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

Growth Metrics

Growth metrics for Constellation Energy (CEG) and Emera (EMA)
MetricCEGEMA
Revenue Growth (YoY)8.34%21.89%
Revenue Growth (3Y CAGR)1.47%4.97%
EPS Growth (YoY)-37.76%97.66%
EPS Growth (3Y CAGR)---1.62%

Financial Strength

Current Ratio (MRQ)

Emera (EMA) at 0.73 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
1.90
CEG
1.46
Q3
1.17
Median
0.88
Q1
0.66
Min
0.29

EMA

Utilities industry group

0.73

Max
1.90
Q3
1.17
Median
0.88
EMA
0.73
Q1
0.66
Min
0.29
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Constellation Energy (CEG) vs. Emera (EMA): 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 Emera (EMA) at 1.54 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

EMA

Utilities industry group

1.54

Max
2.63
Q3
1.77
EMA
1.54
Median
1.35
Q1
0.84
Min
0.00
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Constellation Energy (CEG) vs. Emera (EMA): 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 Emera (EMA)
MetricCEGEMA
Current Ratio (MRQ)1.460.73
Debt / Equity (MRQ)0.761.54
Net Debt / EBITDA3.026.38

Dividends

Dividend Yield (TTM)

Emera (EMA) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Constellation Energy (CEG) reports a yield of 0.68%, ranking against industry peers normally.

CEG

Utilities industry group

0.68%

Max
6.66%
Q3
3.58%
Median
2.85%
CEG
0.68%
Q1
0.66%
Min
0.00%

EMA

Utilities industry group

0.00%

Max
6.66%
Q3
3.58%
Median
2.85%
Q1
0.66%
EMA
0.00%
Min
0.00%
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Constellation Energy (CEG) vs. Emera (EMA): 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; Emera (EMA) at 92.48% distributes an above-typical share — opposite departures from the band, with the risk sitting on EMA’s side.

CEG

Utilities industry group

15.92%

Max
113.04%
Q3
68.72%
Median
56.38%
Q1
32.38%
CEG
15.92%
Min
0.00%

EMA

Utilities industry group

92.48%

Max
113.04%
EMA
92.48%
Q3
68.72%
Median
56.38%
Q1
32.38%
Min
0.00%
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Constellation Energy (CEG) vs. Emera (EMA): A comparison of their payout ratio against the Utilities industry group benchmark.

Dividend Metrics

Dividend metrics for Constellation Energy (CEG) and Emera (EMA)
MetricCEGEMA
Dividend Yield (TTM)0.68%0.00%
Dividend Payout Ratio (TTM)15.92%92.48%

Valuation

P/E Ratio (TTM)

Both Constellation Energy (CEG) at 24.43 and Emera (EMA) at 23.58 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

24.43

Max
31.22
CEG
24.43
Q3
23.30
Median
19.64
Q1
15.17
Min
3.34

EMA

Utilities industry group

23.58

Max
31.22
EMA
23.58
Q3
23.30
Median
19.64
Q1
15.17
Min
3.34
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Constellation Energy (CEG) vs. Emera (EMA): 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 2.83 and Emera (EMA) at 1.75 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

EMA

Utilities industry group

1.75

Max
6.35
Q3
3.63
Median
2.63
EMA
1.75
Q1
1.52
Min
0.00
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Constellation Energy (CEG) vs. Emera (EMA): A comparison of their P/S ratio against the Utilities industry group benchmark.

P/B Ratio (MRQ)

Emera (EMA) at 1.80 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

EMA

Utilities industry group

1.80

Max
3.12
Q3
2.21
Median
1.83
EMA
1.80
Q1
1.46
Min
0.34
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Constellation Energy (CEG) vs. Emera (EMA): A comparison of their P/B ratio against the Utilities industry group benchmark.

Valuation Metrics

Valuation metrics for Constellation Energy (CEG) and Emera (EMA)
MetricCEGEMA
P/E Ratio (TTM)24.4323.58
P/S Ratio (TTM)2.831.75
P/B Ratio (MRQ)2.781.80
Free Cash Flow Yield (TTM)-7.48%-9.18%