CEG vs. XEL: Constellation Energy vs. Xcel Energy Stock Comparison
How do Constellation Energy (CEG) and Xcel Energy (XEL) 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 Xcel Energy (XEL) are both classified in the Electric Utilities sub-industry within the broader Electric Utilities industry, placing them in the closest GICS peer bucket.
Xcel Energy (XEL) 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.
| Profile Item | CEG | XEL |
|---|---|---|
| Name | Constellation Energy Corporation | Xcel 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 | 88.56 billion USD | 51.14 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | Nasdaq |
| Listing Date | January 19, 2022 | February 21, 1973 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | CEG | XEL |
|---|---|---|
| Total Return (1Y) | -23.27% | 2.65% |
| Total Return (3Y, Annualized) | 32.21% | 14.93% |
| Total Return (5Y, Annualized) | -- | 8.26% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | CEG | XEL |
|---|---|---|
| Volatility (1Y, Annualized) | 49.44% | 19.49% |
| Beta (5Y) | 1.11 | 0.33 |
| Max Drawdown (5Y) | -50.70% | -34.41% |
| Avg. Volume (3M) | 3.37M | 5.83M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | CEG | XEL |
|---|---|---|
| Sharpe Ratio (1Y) | -0.56 | -0.08 |
| Sortino Ratio (1Y) | -0.78 | -0.12 |
Profitability
ROE (TTM)
Constellation Energy (CEG) at 15.06% sits in the top ROE quartile, while Xcel Energy (XEL) at 11.44% 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%
XEL
Utilities industry group
11.44%
- Max
- 17.99%
- Q3
- 12.01%
- XEL
- 11.44%
- Median
- 9.44%
- Q1
- 7.56%
- Min
- 2.17%
Net Margin (TTM)
Xcel Energy (XEL) at 17.95% 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%
XEL
Utilities industry group
17.95%
- Max
- 28.78%
- XEL
- 17.95%
- Q3
- 17.30%
- Median
- 12.73%
- Q1
- 9.18%
- Min
- -0.20%
Operating Margin (TTM)
Xcel Energy (XEL) at 28.50% runs core operations around its industry’s norm, 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%
XEL
Utilities industry group
28.50%
- Max
- 53.83%
- Q3
- 31.12%
- XEL
- 28.50%
- Median
- 23.62%
- Q1
- 15.45%
- Min
- -4.90%
Profitability Metrics
| Metric | CEG | XEL |
|---|---|---|
| ROE (TTM) | 15.06% | 11.44% |
| ROA (TTM) | 3.89% | 2.37% |
| Net Margin (TTM) | 11.08% | 17.95% |
| Operating Margin (TTM) | 8.66% | 28.50% |
| Gross Margin (TTM) | 22.11% | 47.27% |
Growth
Revenue Growth
Both Constellation Energy (CEG) at 8.34% and Xcel Energy (XEL) at 9.14% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
Xcel Energy (XEL) at -0.58% 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 | XEL |
|---|---|---|
| Revenue Growth (YoY) | 8.34% | 9.14% |
| Revenue Growth (3Y CAGR) | 1.47% | -1.42% |
| EPS Growth (YoY) | -37.76% | -0.58% |
| EPS Growth (3Y CAGR) | -- | 2.56% |
Financial Strength
Current Ratio (MRQ)
Xcel Energy (XEL) at 0.69 keeps current ratio within its industry’s typical mid-range, while Constellation Energy (CEG) at 1.46 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.
CEG
Utilities industry group
1.46
- Max
- 1.90
- CEG
- 1.46
- Q3
- 1.17
- Median
- 0.88
- Q1
- 0.66
- Min
- 0.29
XEL
Utilities industry group
0.69
- Max
- 1.90
- Q3
- 1.17
- Median
- 0.88
- XEL
- 0.69
- Q1
- 0.66
- Min
- 0.29
Debt / Equity (MRQ)
Constellation Energy (CEG) at 0.76 keeps leverage in the lower industry quartile, while Xcel Energy (XEL) at 1.68 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
XEL
Utilities industry group
1.68
- Max
- 2.63
- Q3
- 1.77
- XEL
- 1.68
- Median
- 1.35
- Q1
- 0.84
- Min
- 0.00
Financial Strength Metrics
| Metric | CEG | XEL |
|---|---|---|
| Current Ratio (MRQ) | 1.46 | 0.69 |
| Debt / Equity (MRQ) | 0.76 | 1.68 |
| Net Debt / EBITDA | 3.02 | 6.35 |
Dividends
Dividend Yield (TTM)
Both Constellation Energy (CEG) at 0.68% and Xcel Energy (XEL) at 2.92% 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%
XEL
Utilities industry group
2.92%
- Max
- 6.66%
- Q3
- 3.58%
- XEL
- 2.92%
- Median
- 2.85%
- Q1
- 0.66%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Xcel Energy (XEL) at 54.72% 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%
XEL
Utilities industry group
54.72%
- Max
- 113.04%
- Q3
- 68.72%
- Median
- 56.38%
- XEL
- 54.72%
- Q1
- 32.38%
- Min
- 0.00%
Dividend Metrics
| Metric | CEG | XEL |
|---|---|---|
| Dividend Yield (TTM) | 0.68% | 2.92% |
| Dividend Payout Ratio (TTM) | 15.92% | 54.72% |
Valuation
P/E Ratio (TTM)
Xcel Energy (XEL) at 18.57 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
XEL
Utilities industry group
18.57
- Max
- 31.22
- Q3
- 23.30
- Median
- 19.64
- XEL
- 18.57
- Q1
- 15.17
- Min
- 3.34
P/S Ratio (TTM)
On P/S ratio, both Constellation Energy (CEG) at 2.83 and Xcel Energy (XEL) at 3.44 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
XEL
Utilities industry group
3.44
- Max
- 6.35
- Q3
- 3.63
- XEL
- 3.44
- Median
- 2.63
- Q1
- 1.52
- Min
- 0.00
P/B Ratio (MRQ)
Xcel Energy (XEL) at 1.98 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
XEL
Utilities industry group
1.98
- Max
- 3.12
- Q3
- 2.21
- XEL
- 1.98
- Median
- 1.83
- Q1
- 1.46
- Min
- 0.34
Valuation Metrics
| Metric | CEG | XEL |
|---|---|---|
| P/E Ratio (TTM) | 24.43 | 18.57 |
| P/S Ratio (TTM) | 2.83 | 3.44 |
| P/B Ratio (MRQ) | 2.78 | 1.98 |
| Free Cash Flow Yield (TTM) | -7.48% | -16.32% |