CEG vs. NEE: Constellation Energy vs. NextEra Energy Stock Comparison

August 16, 2026

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

NextEra Energy (NEE) 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 NextEra Energy (NEE)
Profile Item	CEG	NEE
Name	Constellation Energy Corporation	NextEra Energy, Inc.
Country/Region	United States	United States
GICS Sector	Utilities	Utilities
GICS Industry Group	Utilities	Utilities
GICS Industry	Electric Utilities	Electric Utilities
GICS Sub-Industry	Electric Utilities	Electric Utilities
Market Capitalization	100.09 billion USD	179.79 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	January 19, 2022	February 21, 1973
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CEG

NEE

GSPC

Constellation Energy (CEG) vs. NextEra Energy (NEE), 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 NextEra Energy (NEE). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Constellation Energy (CEG) and NextEra Energy (NEE)
Metric	CEG	NEE
Total Return (1Y)	-12.94%	22.77%
Total Return (3Y, Annualized)	39.03%	11.16%
Total Return (5Y, Annualized)	--	3.33%

Risk Profile

Drawdown History

CEG

NEE

GSPC

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

Risk Metrics

Risk profile metrics for Constellation Energy (CEG) and NextEra Energy (NEE)
Metric	CEG	NEE
Volatility (1Y, Annualized)	46.90%	21.88%
Beta (5Y)	1.12	0.65
Max Drawdown (5Y)	-50.70%	-44.97%
Avg. Volume (3M)	3.53M	12.03M

Risk-Adjusted Performance

Risk-Return Positioning

CEG and NEE 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 NextEra Energy (NEE)
Metric	CEG	NEE
Sharpe Ratio (1Y)	-0.36	0.86
Sortino Ratio (1Y)	-0.50	1.30

Profitability

ROE (TTM)

Constellation Energy (CEG) at 15.06% sits in the top ROE quartile, while NextEra Energy (NEE) at 11.68% is closer to the peer norm — stronger capital efficiency for CEG.

CEG

Utilities industry group

15.06%

Max: 17.16%
CEG: 15.06%
Q3: 11.72%
Median: 9.48%
Q1: 7.65%
Min: 2.49%

NEE

Utilities industry group

11.68%

Max: 17.16%
Q3: 11.72%
NEE: 11.68%
Median: 9.48%
Q1: 7.65%
Min: 2.49%

Constellation Energy (CEG) vs. NextEra Energy (NEE): A comparison of their ROE against the Utilities industry group benchmark.

Net Margin (TTM)

NextEra Energy (NEE) at 32.40% converts revenue to bottom-line profit above its industry’s benchmark range, while Constellation Energy (CEG) at 11.08% keeps roughly the typical share for its industry.

CEG

Utilities industry group

11.08%

Max: 26.86%
Q3: 16.62%
Median: 12.65%
CEG: 11.08%
Q1: 8.88%
Min: -1.02%

NEE

Utilities industry group

32.40%

NEE: 32.40%
Max: 26.86%
Q3: 16.62%
Median: 12.65%
Q1: 8.88%
Min: -1.02%

Constellation Energy (CEG) vs. NextEra Energy (NEE): A comparison of their net margin against the Utilities industry group benchmark.

Operating Margin (TTM)

NextEra Energy (NEE) at 31.52% 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: 45.14%
Q3: 27.32%
Median: 21.97%
Q1: 13.84%
CEG: 8.66%
Min: -4.80%

NEE

Utilities industry group

31.52%

Max: 45.14%
NEE: 31.52%
Q3: 27.32%
Median: 21.97%
Q1: 13.84%
Min: -4.80%

Constellation Energy (CEG) vs. NextEra Energy (NEE): A comparison of their operating margin against the Utilities industry group benchmark.

Profitability Metrics

Profitability metrics for Constellation Energy (CEG) and NextEra Energy (NEE)
Metric	CEG	NEE
ROE (TTM)	15.06%	11.68%
ROA (TTM)	3.89%	2.44%
Net Margin (TTM)	11.08%	32.40%
Operating Margin (TTM)	8.66%	31.52%
Gross Margin (TTM)	22.11%	61.02%

Growth

Revenue Growth

Both Constellation Energy (CEG) at 8.34% and NextEra Energy (NEE) at 10.74% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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

EPS Growth

NextEra Energy (NEE) at -2.63% is around its peer norm for EPS growth, while Constellation Energy (CEG) at -37.76% drops into the bottom quartile, signaling weaker earnings momentum.

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

Growth Metrics

Growth metrics for Constellation Energy (CEG) and NextEra Energy (NEE)
Metric	CEG	NEE
Revenue Growth (YoY)	8.34%	10.74%
Revenue Growth (3Y CAGR)	1.47%	9.36%
EPS Growth (YoY)	-37.76%	-2.63%
EPS Growth (3Y CAGR)	--	16.28%

Financial Strength

Current Ratio (MRQ)

Constellation Energy (CEG) at 1.46 carries current ratio above its industry’s typical mid-range, while NextEra Energy (NEE) at 0.53 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

CEG

Utilities industry group

1.46

Max: 1.71
CEG: 1.46
Q3: 1.17
Median: 0.87
Q1: 0.66
Min: 0.32

NEE

Utilities industry group

0.53

Max: 1.71
Q3: 1.17
Median: 0.87
Q1: 0.66
NEE: 0.53
Min: 0.32

Constellation Energy (CEG) vs. NextEra Energy (NEE): 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 NextEra Energy (NEE) at 1.62 runs a more typical debt-to-equity mix.

CEG

Utilities industry group

0.76

Max: 2.62
Q3: 1.77
Median: 1.35
Q1: 0.84
CEG: 0.76
Min: 0.00

NEE

Utilities industry group

1.62

Max: 2.62
Q3: 1.77
NEE: 1.62
Median: 1.35
Q1: 0.84
Min: 0.00

Constellation Energy (CEG) vs. NextEra Energy (NEE): 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 NextEra Energy (NEE)
Metric	CEG	NEE
Current Ratio (MRQ)	1.46	0.53
Debt / Equity (MRQ)	0.76	1.62
Net Debt / EBITDA	3.02	7.35

Dividends

Dividend Yield (TTM)

NextEra Energy (NEE) at 2.77% pays a yield in its industry’s typical range, while Constellation Energy (CEG) at 0.58% falls in the bottom quartile of its peers.

CEG

Utilities industry group

0.58%

Max: 6.11%
Q3: 3.60%
Median: 2.73%
Q1: 1.42%
CEG: 0.58%
Min: 0.00%

NEE

Utilities industry group

2.77%

Max: 6.11%
Q3: 3.60%
NEE: 2.77%
Median: 2.73%
Q1: 1.42%
Min: 0.00%

Constellation Energy (CEG) vs. NextEra Energy (NEE): A comparison of their dividend yield against the Utilities industry group benchmark.

Dividend Payout Ratio (TTM)

NextEra Energy (NEE) at 53.47% 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: 108.33%
Q3: 71.53%
Median: 58.37%
Q1: 33.79%
CEG: 15.92%
Min: 0.00%

NEE

Utilities industry group

53.47%

Max: 108.33%
Q3: 71.53%
Median: 58.37%
NEE: 53.47%
Q1: 33.79%
Min: 0.00%

Constellation Energy (CEG) vs. NextEra Energy (NEE): A comparison of their payout ratio against the Utilities industry group benchmark.

Dividend Metrics

Dividend metrics for Constellation Energy (CEG) and NextEra Energy (NEE)
Metric	CEG	NEE
Dividend Yield (TTM)	0.58%	2.77%
Dividend Payout Ratio (TTM)	15.92%	53.47%

Valuation

P/E Ratio (TTM)

NextEra Energy (NEE) at 19.37 is near its industry’s usual P/E ratio, while Constellation Energy (CEG) at 27.24 sits in the richer quartile — CEG needs stronger growth or earnings quality to justify the premium.

CEG

Utilities industry group

27.24

Max: 32.88
CEG: 27.24
Q3: 23.67
Median: 20.77
Q1: 15.64
Min: 5.52

NEE

Utilities industry group

19.37

Max: 32.88
Q3: 23.67
Median: 20.77
NEE: 19.37
Q1: 15.64
Min: 5.52

Constellation Energy (CEG) vs. NextEra Energy (NEE): A comparison of their P/E ratio against the Utilities industry group benchmark.

P/S Ratio (TTM)

Constellation Energy (CEG) at 3.20 is priced about in line with its industry on P/S ratio, while NextEra Energy (NEE) at 6.26 sits in the pricier quartile — NEE costs more per dollar of sales.

CEG

Utilities industry group

3.20

Max: 6.26
Q3: 3.60
CEG: 3.20
Median: 2.63
Q1: 1.68
Min: 0.00

NEE

Utilities industry group

6.26

NEE: 6.26
Max: 6.26
Q3: 3.60
Median: 2.63
Q1: 1.68
Min: 0.00

Constellation Energy (CEG) vs. NextEra Energy (NEE): A comparison of their P/S ratio against the Utilities industry group benchmark.

P/B Ratio (MRQ)

Both Constellation Energy (CEG) at 3.14 and NextEra Energy (NEE) at 3.15 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

CEG

Utilities industry group

3.14

Max: 3.15
CEG: 3.14
Q3: 2.28
Median: 1.89
Q1: 1.44
Min: 0.35

NEE

Utilities industry group

3.15

NEE: 3.15
Max: 3.15
Q3: 2.28
Median: 1.89
Q1: 1.44
Min: 0.35

Constellation Energy (CEG) vs. NextEra Energy (NEE): A comparison of their P/B ratio against the Utilities industry group benchmark.

Valuation Metrics

Valuation metrics for Constellation Energy (CEG) and NextEra Energy (NEE)
Metric	CEG	NEE
P/E Ratio (TTM)	27.24	19.37
P/S Ratio (TTM)	3.20	6.26
P/B Ratio (MRQ)	3.14	3.15
Free Cash Flow Yield (TTM)	-6.62%	-9.88%