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Constellation Energy (CEG) vs. Southern Company (SO)

This page compares Constellation Energy (CEG) with Southern Company (SO) using historical performance, profitability, financial strength, growth, dividend, and valuation metrics.

Company Profile

Constellation Energy (CEG) and Southern Company (SO) are both classified in the Electric Utilities sub-industry within the broader Electric Utilities industry, placing them in the closest GICS peer bucket.

Southern Company (SO) has more than two decades of public-market history since December 31, 1981, whereas Constellation Energy (CEG) listed on January 19, 2022 and has a much shorter record to draw on.

SymbolCEGSO
Company NameConstellation Energy CorporationThe Southern Company
Country/RegionUnited StatesUnited States
GICS SectorUtilitiesUtilities
GICS Industry GroupUtilitiesUtilities
GICS IndustryElectric UtilitiesElectric Utilities
GICS Sub-IndustryElectric UtilitiesElectric Utilities
Market Capitalization103.24 billion USD106.24 billion USD
CurrencyUSDUSD
ExchangeNasdaqGSNYSE
Listing DateJanuary 19, 2022December 31, 1981
Security TypeCommon StockCommon Stock

Historical Performance

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

Historical Performance at a Glance

SymbolCEGSO
5-Day Price Return6.97%1.83%
13-Week Price Return-2.00%-0.85%
26-Week Price Return-14.87%3.37%
52-Week Price Return-0.45%5.11%
Month-to-Date Return-8.68%-2.54%
Year-to-Date Return-19.09%8.07%
10-Day Avg. Volume4.10M5.52M
3-Month Avg. Volume3.55M5.81M
3-Month Volatility51.19%18.56%
Beta1.130.36

Profitability

Return on Equity (TTM)

Constellation Energy (CEG) leads with Return on Equity (TTM) of 20.01%, above its industry benchmark range, while Southern Company (SO) at 12.28% also ranks strongly in the top quartile.

CEG

Utilities industry group

20.01%

Max
16.88%
Q3
11.84%
Median
9.42%
Q1
7.90%
Min
2.48%

SO

Utilities industry group

12.28%

Max
16.88%
Q3
11.84%
Median
9.42%
Q1
7.90%
Min
2.48%
Constellation Energy (CEG) vs. Southern Company (SO): A comparison of their Return on Equity (TTM) against the Utilities industry group benchmark.

Net Profit Margin (TTM)

Both Constellation Energy (CEG) at 12.69% and Southern Company (SO) at 15.09% post Net Profit Margin (TTM) near their industry mid-ranges, so neither company stands out strongly from peers on net profitability.

CEG

Utilities industry group

12.69%

Max
31.27%
Q3
18.62%
Median
12.78%
Q1
9.35%
Min
-0.93%

SO

Utilities industry group

15.09%

Max
31.27%
Q3
18.62%
Median
12.78%
Q1
9.35%
Min
-0.93%
Constellation Energy (CEG) vs. Southern Company (SO): A comparison of their Net Profit Margin (TTM) against the Utilities industry group benchmark.

Operating Profit Margin (TTM)

Southern Company (SO) at 25.23% posts Operating Profit Margin (TTM) around its industry mid-range, while Constellation Energy (CEG) at 16.63% drops into the bottom quartile.

CEG

Utilities industry group

16.63%

Max
44.19%
Q3
28.40%
Median
22.82%
Q1
17.50%
Min
3.06%

SO

Utilities industry group

25.23%

Max
44.19%
Q3
28.40%
Median
22.82%
Q1
17.50%
Min
3.06%
Constellation Energy (CEG) vs. Southern Company (SO): A comparison of their Operating Profit Margin (TTM) against the Utilities industry group benchmark.

Profitability at a Glance

SymbolCEGSO
Return on Equity (TTM)20.01%12.28%
Return on Assets (TTM)5.76%2.84%
Net Profit Margin (TTM)12.69%15.09%
Operating Profit Margin (TTM)16.63%25.23%
Gross Profit Margin (TTM)44.26%40.04%

Financial Strength

Current Ratio (MRQ)

Constellation Energy (CEG) at 1.36 carries Current Ratio (MRQ) above its industry mid-range, while Southern Company (SO) at 0.65 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

CEG

Utilities industry group

1.36

Max
1.77
Q3
1.15
Median
0.86
Q1
0.65
Min
0.33

SO

Utilities industry group

0.65

Max
1.77
Q3
1.15
Median
0.86
Q1
0.65
Min
0.33
Constellation Energy (CEG) vs. Southern Company (SO): A comparison of their Current Ratio (MRQ) against the Utilities industry group benchmark.

Debt-to-Equity Ratio (MRQ)

Constellation Energy (CEG) at 0.67 maintains Debt-to-Equity Ratio (MRQ) in the lower-leverage quartile, while Southern Company (SO) at 2.01 sits in the higher-leverage quartile.

CEG

Utilities industry group

0.67

Max
3.17
Q3
1.93
Median
1.45
Q1
1.02
Min
0.00

SO

Utilities industry group

2.01

Max
3.17
Q3
1.93
Median
1.45
Q1
1.02
Min
0.00
Constellation Energy (CEG) vs. Southern Company (SO): A comparison of their Debt-to-Equity Ratio (MRQ) against the Utilities industry group benchmark.

Interest Coverage Ratio (TTM)

Constellation Energy (CEG) at 5.31 ranks in the top quartile for Interest Coverage Ratio (TTM), ahead of Southern Company (SO) at 2.60, which sits around the industry mid-range.

CEG

Utilities industry group

5.31

Max
5.80
Q3
3.67
Median
2.74
Q1
2.25
Min
0.39

SO

Utilities industry group

2.60

Max
5.80
Q3
3.67
Median
2.74
Q1
2.25
Min
0.39
Constellation Energy (CEG) vs. Southern Company (SO): A comparison of their Interest Coverage Ratio (TTM) against the Utilities industry group benchmark.

Financial Strength at a Glance

SymbolCEGSO
Current Ratio (MRQ)1.360.65
Quick Ratio (MRQ)1.170.42
Debt-to-Equity Ratio (MRQ)0.672.01
Interest Coverage Ratio (TTM)5.312.60

Growth

Revenue Growth

Constellation Energy (CEG) vs. Southern Company (SO): A comparison of their Revenue Growth across different time periods.

Revenue Growth at a Glance

SymbolCEGSO
Revenue Growth (MRQ vs Prior YoY)63.85%8.55%
Revenue Growth (TTM vs Prior YoY)23.44%8.74%
3-Year Revenue CAGR1.47%-0.33%
5-Year Revenue CAGR7.72%7.50%

EPS Growth

Constellation Energy (CEG) vs. Southern Company (SO): A comparison of their EPS Growth across different time periods.

EPS Growth at a Glance

SymbolCEGSO
EPS Growth (MRQ vs Prior YoY)1,095.18%-0.42%
EPS Growth (TTM vs Prior YoY)21.44%-6.31%
3-Year EPS CAGR--6.18%
5-Year EPS CAGR32.52%5.87%

Dividend

Dividend Yield (TTM)

Southern Company (SO) at 2.88% reports Dividend Yield (TTM) around its industry mid-range, while Constellation Energy (CEG) at 0.50% drops into the bottom quartile.

CEG

Utilities industry group

0.50%

Max
5.04%
Q3
3.67%
Median
2.83%
Q1
2.30%
Min
0.36%

SO

Utilities industry group

2.88%

Max
5.04%
Q3
3.67%
Median
2.83%
Q1
2.30%
Min
0.36%
Constellation Energy (CEG) vs. Southern Company (SO): A comparison of their Dividend Yield (TTM) against the Utilities industry group benchmark.

Dividend Payout Ratio (TTM)

Both Constellation Energy (CEG) at 13.69% and Southern Company (SO) at 70.02% post Dividend Payout Ratio (TTM) outside their industries’ typical mid-range — either leaning toward more retention or more distribution than the industry median.

CEG

Utilities industry group

13.69%

Max
124.38%
Q3
68.47%
Median
57.52%
Q1
29.88%
Min
0.00%

SO

Utilities industry group

70.02%

Max
124.38%
Q3
68.47%
Median
57.52%
Q1
29.88%
Min
0.00%
Constellation Energy (CEG) vs. Southern Company (SO): A comparison of their Dividend Payout Ratio (TTM) against the Utilities industry group benchmark.

Dividend at a Glance

SymbolCEGSO
Dividend Yield (TTM)0.50%2.88%
Dividend Payout Ratio (TTM)13.69%70.02%

Valuation

Price-to-Earnings Ratio (TTM)

Both Constellation Energy (CEG) at 27.23 and Southern Company (SO) at 24.34 trade in the higher-multiple quartile for Price-to-Earnings Ratio (TTM) among industry peers, indicating higher trailing earnings multiples than typical peers.

CEG

Utilities industry group

27.23

Max
30.49
Q3
23.61
Median
21.08
Q1
16.53
Min
7.17

SO

Utilities industry group

24.34

Max
30.49
Q3
23.61
Median
21.08
Q1
16.53
Min
7.17
Constellation Energy (CEG) vs. Southern Company (SO): A comparison of their Price-to-Earnings Ratio (TTM) against the Utilities industry group benchmark.

Price-to-Sales Ratio (TTM)

Both Constellation Energy (CEG) at 3.46 and Southern Company (SO) at 3.67 post Price-to-Sales Ratio (TTM) near the typical industry midpoint — neither company stands out strongly from peers on trailing revenue multiple.

CEG

Utilities industry group

3.46

Max
7.05
Q3
4.40
Median
3.03
Q1
1.83
Min
0.25

SO

Utilities industry group

3.67

Max
7.05
Q3
4.40
Median
3.03
Q1
1.83
Min
0.25
Constellation Energy (CEG) vs. Southern Company (SO): A comparison of their Price-to-Sales Ratio (TTM) against the Utilities industry group benchmark.

Price-to-Book Ratio (MRQ)

Both Constellation Energy (CEG) at 3.02 and Southern Company (SO) at 2.93 trade in the higher-multiple quartile for Price-to-Book Ratio (MRQ) among industry peers, indicating higher book-value multiples than typical peers.

CEG

Utilities industry group

3.02

Max
3.86
Q3
2.47
Median
1.97
Q1
1.53
Min
0.26

SO

Utilities industry group

2.93

Max
3.86
Q3
2.47
Median
1.97
Q1
1.53
Min
0.26
Constellation Energy (CEG) vs. Southern Company (SO): A comparison of their Price-to-Book Ratio (MRQ) against the Utilities industry group benchmark.

Valuation at a Glance

SymbolCEGSO
Price-to-Earnings Ratio (TTM)27.2324.34
Price-to-Sales Ratio (TTM)3.463.67
Price-to-Book Ratio (MRQ)3.022.93
Price-to-Free Cash Flow Ratio (TTM)47.62190.01