CEG vs. WTRG: Constellation Energy vs. Essential Utilities Stock Comparison
How do Constellation Energy (CEG) and Essential Utilities (WTRG) 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 Essential Utilities (WTRG) both fall under the Utilities industry group, but CEG is classified in Electric Utilities while WTRG is classified in Water Utilities.
Essential Utilities (WTRG) has more than two decades of public-market history since March 17, 1980, whereas Constellation Energy (CEG) listed on January 19, 2022 and has a much shorter record to draw on.
| Profile Item | CEG | WTRG |
|---|---|---|
| Name | Constellation Energy Corporation | Essential Utilities Inc. |
| Country/Region | United States | United States |
| GICS Sector | Utilities | Utilities |
| GICS Industry Group | Utilities | Utilities |
| GICS Industry | Electric Utilities | Water Utilities |
| GICS Sub-Industry | Electric Utilities | Water Utilities |
| Market Capitalization | 88.56 billion USD | 13.02 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | NYSE |
| Listing Date | January 19, 2022 | March 17, 1980 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | CEG | WTRG |
|---|---|---|
| Total Return (1Y) | -23.27% | 19.07% |
| Total Return (3Y, Annualized) | 32.21% | 13.95% |
| Total Return (5Y, Annualized) | -- | 2.39% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | CEG | WTRG |
|---|---|---|
| Volatility (1Y, Annualized) | 49.44% | 22.14% |
| Beta (5Y) | 1.11 | 0.61 |
| Max Drawdown (5Y) | -50.70% | -36.53% |
| Avg. Volume (3M) | 3.37M | 2.38M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | CEG | WTRG |
|---|---|---|
| Sharpe Ratio (1Y) | -0.56 | 0.67 |
| Sortino Ratio (1Y) | -0.78 | 1.08 |
Profitability
ROE (TTM)
Constellation Energy (CEG) at 15.06% sits in the top ROE quartile, while Essential Utilities (WTRG) at 8.13% 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%
WTRG
Utilities industry group
8.13%
- Max
- 17.99%
- Q3
- 12.01%
- Median
- 9.44%
- WTRG
- 8.13%
- Q1
- 7.56%
- Min
- 2.17%
Net Margin (TTM)
Essential Utilities (WTRG) at 21.79% retains a top-quartile share of revenue as profit, ahead of Constellation Energy (CEG) at 11.08%, which keeps about the industry-typical share.
CEG
Utilities industry group
11.08%
- Max
- 28.78%
- Q3
- 17.30%
- Median
- 12.73%
- CEG
- 11.08%
- Q1
- 9.18%
- Min
- -0.20%
WTRG
Utilities industry group
21.79%
- Max
- 28.78%
- WTRG
- 21.79%
- Q3
- 17.30%
- Median
- 12.73%
- Q1
- 9.18%
- Min
- -0.20%
Operating Margin (TTM)
Essential Utilities (WTRG) at 38.94% 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%
WTRG
Utilities industry group
38.94%
- Max
- 53.83%
- WTRG
- 38.94%
- Q3
- 31.12%
- Median
- 23.62%
- Q1
- 15.45%
- Min
- -4.90%
Profitability Metrics
| Metric | CEG | WTRG |
|---|---|---|
| ROE (TTM) | 15.06% | 8.13% |
| ROA (TTM) | 3.89% | 3.00% |
| Net Margin (TTM) | 11.08% | 21.79% |
| Operating Margin (TTM) | 8.66% | 38.94% |
| Gross Margin (TTM) | 22.11% | 57.07% |
Growth
Revenue Growth
Essential Utilities (WTRG) at 18.62% 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 WTRG.
EPS Growth
Essential Utilities (WTRG) at 1.38% is around its peer norm for EPS growth, while Constellation Energy (CEG) at -37.76% drops into the bottom quartile, signaling weaker earnings momentum.
Growth Metrics
| Metric | CEG | WTRG |
|---|---|---|
| Revenue Growth (YoY) | 8.34% | 18.62% |
| Revenue Growth (3Y CAGR) | 1.47% | 2.65% |
| EPS Growth (YoY) | -37.76% | 1.38% |
| EPS Growth (3Y CAGR) | -- | 7.52% |
Financial Strength
Current Ratio (MRQ)
Constellation Energy (CEG) at 1.46 carries current ratio above its industry’s typical mid-range, while Essential Utilities (WTRG) at 0.40 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
WTRG
Utilities industry group
0.40
- Max
- 1.90
- Q3
- 1.17
- Median
- 0.88
- Q1
- 0.66
- WTRG
- 0.40
- Min
- 0.29
Debt / Equity (MRQ)
Constellation Energy (CEG) at 0.76 keeps leverage in the lower industry quartile, while Essential Utilities (WTRG) at 1.23 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
WTRG
Utilities industry group
1.23
- Max
- 2.63
- Q3
- 1.77
- Median
- 1.35
- WTRG
- 1.23
- Q1
- 0.84
- Min
- 0.00
Financial Strength Metrics
| Metric | CEG | WTRG |
|---|---|---|
| Current Ratio (MRQ) | 1.46 | 0.40 |
| Debt / Equity (MRQ) | 0.76 | 1.23 |
| Net Debt / EBITDA | 3.02 | 6.30 |
Dividends
Dividend Yield (TTM)
Both Constellation Energy (CEG) at 0.68% and Essential Utilities (WTRG) at 3.01% 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%
WTRG
Utilities industry group
3.01%
- Max
- 6.66%
- Q3
- 3.58%
- WTRG
- 3.01%
- Median
- 2.85%
- Q1
- 0.66%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Constellation Energy (CEG) at 15.92% retains more earnings than its industry usually does; Essential Utilities (WTRG) at 69.42% distributes an above-typical share — opposite departures from the band, with the risk sitting on WTRG’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%
WTRG
Utilities industry group
69.42%
- Max
- 113.04%
- WTRG
- 69.42%
- Q3
- 68.72%
- Median
- 56.38%
- Q1
- 32.38%
- Min
- 0.00%
Dividend Metrics
| Metric | CEG | WTRG |
|---|---|---|
| Dividend Yield (TTM) | 0.68% | 3.01% |
| Dividend Payout Ratio (TTM) | 15.92% | 69.42% |
Valuation
P/E Ratio (TTM)
Essential Utilities (WTRG) at 22.73 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
WTRG
Utilities industry group
22.73
- Max
- 31.22
- Q3
- 23.30
- WTRG
- 22.73
- Median
- 19.64
- Q1
- 15.17
- Min
- 3.34
P/S Ratio (TTM)
Constellation Energy (CEG) at 2.83 is priced about in line with its industry on P/S ratio, while Essential Utilities (WTRG) at 5.01 sits in the pricier quartile — WTRG costs more per dollar of sales.
CEG
Utilities industry group
2.83
- Max
- 6.35
- Q3
- 3.63
- CEG
- 2.83
- Median
- 2.63
- Q1
- 1.52
- Min
- 0.00
WTRG
Utilities industry group
5.01
- Max
- 6.35
- WTRG
- 5.01
- Q3
- 3.63
- Median
- 2.63
- Q1
- 1.52
- Min
- 0.00
P/B Ratio (MRQ)
Essential Utilities (WTRG) at 1.83 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
WTRG
Utilities industry group
1.83
- Max
- 3.12
- Q3
- 2.21
- Median
- 1.83
- WTRG
- 1.83
- Q1
- 1.46
- Min
- 0.34
Valuation Metrics
| Metric | CEG | WTRG |
|---|---|---|
| P/E Ratio (TTM) | 24.43 | 22.73 |
| P/S Ratio (TTM) | 2.83 | 5.01 |
| P/B Ratio (MRQ) | 2.78 | 1.83 |
| Free Cash Flow Yield (TTM) | -7.48% | -5.45% |