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CEG vs. EVRG: Constellation Energy vs. Evergy Stock Comparison

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

Evergy (EVRG) has more than two decades of public-market history since February 21, 1973, 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 Evergy (EVRG)
Profile ItemCEGEVRG
NameConstellation Energy CorporationEvergy Inc.
Country/RegionUnited StatesUnited States
GICS SectorUtilitiesUtilities
GICS Industry GroupUtilitiesUtilities
GICS IndustryElectric UtilitiesElectric Utilities
GICS Sub-IndustryElectric UtilitiesElectric Utilities
Market Capitalization88.56 billion USD20.53 billion USD
CurrencyUSDUSD
ExchangeNasdaqNasdaq
Listing DateJanuary 19, 2022February 21, 1973
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

CEG
EVRG
GSPC
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Constellation Energy (CEG) vs. Evergy (EVRG), 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 Evergy (EVRG). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Constellation Energy (CEG) and Evergy (EVRG)
MetricCEGEVRG
Total Return (1Y)-23.27%20.55%
Total Return (3Y, Annualized)32.21%26.35%
Total Return (5Y, Annualized)--10.88%

Risk Profile

Drawdown History

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

Risk Metrics

Risk profile metrics for Constellation Energy (CEG) and Evergy (EVRG)
MetricCEGEVRG
Volatility (1Y, Annualized)49.44%16.50%
Beta (5Y)1.110.48
Max Drawdown (5Y)-50.70%-29.83%
Avg. Volume (3M)3.37M2.25M

Risk-Adjusted Performance

Risk-Return Positioning

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CEG and EVRG 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 Evergy (EVRG)
MetricCEGEVRG
Sharpe Ratio (1Y)-0.560.99
Sortino Ratio (1Y)-0.781.44

Profitability

ROE (TTM)

Constellation Energy (CEG) at 15.06% sits in the top ROE quartile, while Evergy (EVRG) at 10.06% 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%

EVRG

Utilities industry group

10.06%

Max
17.99%
Q3
12.01%
EVRG
10.06%
Median
9.44%
Q1
7.56%
Min
2.17%
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Constellation Energy (CEG) vs. Evergy (EVRG): A comparison of their ROE against the Utilities industry group benchmark.

Net Margin (TTM)

Both Constellation Energy (CEG) at 11.08% and Evergy (EVRG) at 16.67% 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%

EVRG

Utilities industry group

16.67%

Max
28.78%
Q3
17.30%
EVRG
16.67%
Median
12.73%
Q1
9.18%
Min
-0.20%
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Constellation Energy (CEG) vs. Evergy (EVRG): A comparison of their net margin against the Utilities industry group benchmark.

Operating Margin (TTM)

Evergy (EVRG) at 38.46% 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
53.83%
Q3
31.12%
Median
23.62%
Q1
15.45%
CEG
8.66%
Min
-4.90%

EVRG

Utilities industry group

38.46%

Max
53.83%
EVRG
38.46%
Q3
31.12%
Median
23.62%
Q1
15.45%
Min
-4.90%
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Constellation Energy (CEG) vs. Evergy (EVRG): A comparison of their operating margin against the Utilities industry group benchmark.

Profitability Metrics

Profitability metrics for Constellation Energy (CEG) and Evergy (EVRG)
MetricCEGEVRG
ROE (TTM)15.06%10.06%
ROA (TTM)3.89%3.12%
Net Margin (TTM)11.08%16.67%
Operating Margin (TTM)8.66%38.46%
Gross Margin (TTM)22.11%52.95%

Growth

Revenue Growth

Constellation Energy (CEG) at 8.34% is around its peer norm for revenue growth, while Evergy (EVRG) at 1.95% drops into the bottom quartile, signaling weaker demand or pricing momentum.

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

EPS Growth

Evergy (EVRG) at -3.43% is around its peer norm for EPS growth, while Constellation Energy (CEG) at -37.76% drops into the bottom quartile, signaling weaker earnings momentum.

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

Growth Metrics

Growth metrics for Constellation Energy (CEG) and Evergy (EVRG)
MetricCEGEVRG
Revenue Growth (YoY)8.34%1.95%
Revenue Growth (3Y CAGR)1.47%0.58%
EPS Growth (YoY)-37.76%-3.43%
EPS Growth (3Y CAGR)--3.83%

Financial Strength

Current Ratio (MRQ)

Constellation Energy (CEG) at 1.46 carries current ratio above its industry’s typical mid-range, while Evergy (EVRG) at 0.49 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

CEG

Utilities industry group

1.46

Max
1.90
CEG
1.46
Q3
1.17
Median
0.88
Q1
0.66
Min
0.29

EVRG

Utilities industry group

0.49

Max
1.90
Q3
1.17
Median
0.88
Q1
0.66
EVRG
0.49
Min
0.29
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Constellation Energy (CEG) vs. Evergy (EVRG): 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 Evergy (EVRG) at 1.47 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

EVRG

Utilities industry group

1.47

Max
2.63
Q3
1.77
EVRG
1.47
Median
1.35
Q1
0.84
Min
0.00
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Constellation Energy (CEG) vs. Evergy (EVRG): 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 Evergy (EVRG)
MetricCEGEVRG
Current Ratio (MRQ)1.460.49
Debt / Equity (MRQ)0.761.47
Net Debt / EBITDA3.025.39

Dividends

Dividend Yield (TTM)

Both Constellation Energy (CEG) at 0.68% and Evergy (EVRG) at 3.18% 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%

EVRG

Utilities industry group

3.18%

Max
6.66%
Q3
3.58%
EVRG
3.18%
Median
2.85%
Q1
0.66%
Min
0.00%
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Constellation Energy (CEG) vs. Evergy (EVRG): A comparison of their dividend yield against the Utilities industry group benchmark.

Dividend Payout Ratio (TTM)

Evergy (EVRG) at 61.92% 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%

EVRG

Utilities industry group

61.92%

Max
113.04%
Q3
68.72%
EVRG
61.92%
Median
56.38%
Q1
32.38%
Min
0.00%
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Constellation Energy (CEG) vs. Evergy (EVRG): A comparison of their payout ratio against the Utilities industry group benchmark.

Dividend Metrics

Dividend metrics for Constellation Energy (CEG) and Evergy (EVRG)
MetricCEGEVRG
Dividend Yield (TTM)0.68%3.18%
Dividend Payout Ratio (TTM)15.92%61.92%

Valuation

P/E Ratio (TTM)

Evergy (EVRG) at 19.50 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

EVRG

Utilities industry group

19.50

Max
31.22
Q3
23.30
Median
19.64
EVRG
19.50
Q1
15.17
Min
3.34
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Constellation Energy (CEG) vs. Evergy (EVRG): 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 Evergy (EVRG) at 3.22 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

EVRG

Utilities industry group

3.22

Max
6.35
Q3
3.63
EVRG
3.22
Median
2.63
Q1
1.52
Min
0.00
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Constellation Energy (CEG) vs. Evergy (EVRG): A comparison of their P/S ratio against the Utilities industry group benchmark.

P/B Ratio (MRQ)

Evergy (EVRG) at 1.86 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

EVRG

Utilities industry group

1.86

Max
3.12
Q3
2.21
EVRG
1.86
Median
1.83
Q1
1.46
Min
0.34
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Constellation Energy (CEG) vs. Evergy (EVRG): A comparison of their P/B ratio against the Utilities industry group benchmark.

Valuation Metrics

Valuation metrics for Constellation Energy (CEG) and Evergy (EVRG)
MetricCEGEVRG
P/E Ratio (TTM)24.4319.50
P/S Ratio (TTM)2.833.22
P/B Ratio (MRQ)2.781.86
Free Cash Flow Yield (TTM)-7.48%-7.14%