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Constellation Energy (CEG) vs. National Grid (NGG)

This page compares Constellation Energy (CEG) with National Grid (NGG) using performance and risk, profitability, financial strength, growth, dividends, and valuation metrics.

Company Profile

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

National Grid (NGG) has more than two decades of public-market history since August 10, 2005, whereas Constellation Energy (CEG) listed on January 19, 2022 and has a much shorter record to draw on.

Constellation Energy (CEG) trades as a standard ordinary-equity line, while National Grid (NGG) is an ADR tied to a foreign-share or depositary-receipt structure — compare with FX exposure, program fees, and dividend-withholding-tax differences in mind.

SymbolCEGNGG
NameConstellation Energy CorporationNational Grid plc Sponsored ADR
Country/RegionUnited StatesUnited Kingdom
GICS SectorUtilitiesUtilities
GICS Industry GroupUtilitiesUtilities
GICS IndustryElectric UtilitiesMulti-Utilities
GICS Sub-IndustryElectric UtilitiesMulti-Utilities
Market Capitalization103.93 billion USD80.98 billion USD
CurrencyUSDUSD
ExchangeNasdaqNYSE
Listing DateJanuary 19, 2022August 10, 2005
Security TypeCommon StockADR

Valuation

Price-to-Earnings Ratio (TTM)

National Grid (NGG) at 18.50 carries typical industry Price-to-Earnings Ratio (TTM), while Constellation Energy (CEG) at 25.00 sits in the higher-multiple quartile — CEG carries a higher trailing earnings multiple relative to peers.

CEG

Utilities industry group

25.00

Max
30.73
Q3
22.81
Median
19.44
Q1
16.02
Min
6.18

NGG

Utilities industry group

18.50

Max
30.73
Q3
22.81
Median
19.44
Q1
16.02
Min
6.18
Constellation Energy (CEG) vs. National Grid (NGG): A comparison of their Price-to-Earnings Ratio (TTM) against the Utilities industry group benchmark.

Price-to-Sales Ratio (TTM)

Constellation Energy (CEG) at 3.48 is priced about in line with its industry on Price-to-Sales Ratio (TTM), while National Grid (NGG) at 4.58 sits in the pricier quartile — NGG costs more per dollar of sales.

CEG

Utilities industry group

3.48

Max
6.41
Q3
3.57
Median
2.67
Q1
1.62
Min
0.00

NGG

Utilities industry group

4.58

Max
6.41
Q3
3.57
Median
2.67
Q1
1.62
Min
0.00
Constellation Energy (CEG) vs. National Grid (NGG): A comparison of their Price-to-Sales Ratio (TTM) against the Utilities industry group benchmark.

Price-to-Book Ratio (MRQ)

Both look rich against book: Constellation Energy (CEG) at 3.11 sits in the upper Price-to-Book Ratio (MRQ) quartile, and National Grid (NGG) at 8.14 prices even higher, above its industry range.

CEG

Utilities industry group

3.11

Max
3.40
Q3
2.38
Median
1.87
Q1
1.41
Min
0.36

NGG

Utilities industry group

8.14

Max
3.40
Q3
2.38
Median
1.87
Q1
1.41
Min
0.36
Constellation Energy (CEG) vs. National Grid (NGG): A comparison of their Price-to-Book Ratio (MRQ) against the Utilities industry group benchmark.

Valuation at a Glance

SymbolCEGNGG
Price-to-Earnings Ratio (TTM)25.0018.50
Price-to-Sales Ratio (TTM)3.484.58
Price-to-Book Ratio (MRQ)3.118.14
Free Cash Flow Yield-4.31%-3.86%

Profitability

Return on Equity (TTM)

Constellation Energy (CEG) at 16.11% ranks in the top quartile for Return on Equity (TTM), ahead of National Grid (NGG) at 8.41%, which sits closer to the industry mid-range.

CEG

Utilities industry group

16.11%

Max
16.11%
Q3
11.07%
Median
9.45%
Q1
7.39%
Min
2.67%

NGG

Utilities industry group

8.41%

Max
16.11%
Q3
11.07%
Median
9.45%
Q1
7.39%
Min
2.67%
Constellation Energy (CEG) vs. National Grid (NGG): A comparison of their Return on Equity (TTM) against the Utilities industry group benchmark.

Net Profit Margin (TTM)

National Grid (NGG) at 18.32% retains a top-quartile share of revenue as profit, ahead of Constellation Energy (CEG) at 12.69%, which keeps about the industry-typical share.

CEG

Utilities industry group

12.69%

Max
29.37%
Q3
17.12%
Median
12.54%
Q1
8.87%
Min
-0.65%

NGG

Utilities industry group

18.32%

Max
29.37%
Q3
17.12%
Median
12.54%
Q1
8.87%
Min
-0.65%
Constellation Energy (CEG) vs. National Grid (NGG): A comparison of their Net Profit Margin (TTM) against the Utilities industry group benchmark.

Operating Profit Margin (TTM)

National Grid (NGG) at 32.60% operates in the top Operating Profit Margin (TTM) quartile, ahead of Constellation Energy (CEG) at 21.86%, which runs around its industry’s norm.

CEG

Utilities industry group

21.86%

Max
43.52%
Q3
30.05%
Median
23.27%
Q1
15.96%
Min
0.00%

NGG

Utilities industry group

32.60%

Max
43.52%
Q3
30.05%
Median
23.27%
Q1
15.96%
Min
0.00%
Constellation Energy (CEG) vs. National Grid (NGG): A comparison of their Operating Profit Margin (TTM) against the Utilities industry group benchmark.

Profitability at a Glance

SymbolCEGNGG
Return on Equity (TTM)16.11%8.41%
Return on Assets (TTM)4.20%3.01%
Net Profit Margin (TTM)12.69%18.32%
Operating Profit Margin (TTM)21.86%32.60%
Gross Profit Margin (TTM)23.26%100.00%

Growth

Revenue Growth

Constellation Energy (CEG) vs. National Grid (NGG): A comparison of their Revenue Growth across different time periods.

Revenue Growth at a Glance

SymbolCEGNGG
1-Year Revenue Growth8.34%--
3-Year Revenue CAGR1.47%--

EPS Growth

Constellation Energy (CEG) vs. National Grid (NGG): A comparison of their EPS Growth across different time periods.

EPS Growth at a Glance

SymbolCEGNGG
1-Year EPS Growth-37.76%--
3-Year EPS CAGR---30.59%

Financial Strength

Current Ratio (MRQ)

National Grid (NGG) at 0.76 keeps Current Ratio (MRQ) within its industry mid-range, while Constellation Energy (CEG) at 1.36 sits above the industry mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

CEG

Utilities industry group

1.36

Max
1.88
Q3
1.17
Median
0.92
Q1
0.65
Min
0.33

NGG

Utilities industry group

0.76

Max
1.88
Q3
1.17
Median
0.92
Q1
0.65
Min
0.33
Constellation Energy (CEG) vs. National Grid (NGG): A comparison of their Current Ratio (MRQ) against the Utilities industry group benchmark.

Debt-to-Equity Ratio (MRQ)

Constellation Energy (CEG) at 0.66 maintains Debt-to-Equity Ratio (MRQ) in the lower-leverage quartile of industry peers, ahead of National Grid (NGG) at 1.21, which sits around the industry mid-range.

CEG

Utilities industry group

0.66

Max
3.02
Q3
1.83
Median
1.34
Q1
0.86
Min
0.00

NGG

Utilities industry group

1.21

Max
3.02
Q3
1.83
Median
1.34
Q1
0.86
Min
0.00
Constellation Energy (CEG) vs. National Grid (NGG): A comparison of their Debt-to-Equity Ratio (MRQ) against the Utilities industry group benchmark.

Financial Strength at a Glance

SymbolCEGNGG
Current Ratio (MRQ)1.360.76
Debt-to-Equity Ratio (MRQ)0.661.21
Net Debt / EBITDA2.716.39

Dividends

Dividend Yield (TTM)

National Grid (NGG) at 3.98% reports Dividend Yield (TTM) around its industry mid-range, while Constellation Energy (CEG) at 0.59% drops into the bottom quartile.

CEG

Utilities industry group

0.59%

Max
6.17%
Q3
4.02%
Median
3.16%
Q1
2.31%
Min
0.00%

NGG

Utilities industry group

3.98%

Max
6.17%
Q3
4.02%
Median
3.16%
Q1
2.31%
Min
0.00%
Constellation Energy (CEG) vs. National Grid (NGG): A comparison of their Dividend Yield (TTM) against the Utilities industry group benchmark.

Dividend Payout Ratio (TTM)

National Grid (NGG) at 71.18% maintains Dividend Payout Ratio (TTM) around its industry median — a balanced dividend policy. Constellation Energy (CEG) at 13.81% sits outside the typical mid-range, leaning toward more retention or more distribution than the industry median.

CEG

Utilities industry group

13.81%

Max
116.67%
Q3
73.07%
Median
58.51%
Q1
35.58%
Min
0.00%

NGG

Utilities industry group

71.18%

Max
116.67%
Q3
73.07%
Median
58.51%
Q1
35.58%
Min
0.00%
Constellation Energy (CEG) vs. National Grid (NGG): A comparison of their Dividend Payout Ratio (TTM) against the Utilities industry group benchmark.

Dividends at a Glance

SymbolCEGNGG
Dividend Yield (TTM)0.59%3.98%
Dividend Payout Ratio (TTM)13.81%71.18%

Performance & Risk

CEG
NGG
Loading price history…
Constellation Energy (CEG) vs. National Grid (NGG): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Performance & Risk at a Glance

SymbolCEGNGG
1-Year Return-4.65%19.23%
1-Year Volatility46.12%21.50%
Beta1.090.78
3-Month Avg. Volume3.09M1.32M