Constellation Energy Corporation

CEGNASDAQUtilities● Active

$254.16

$-0.67(-0.26%)

Market Cap$91.8B

P/E Ratio—

52W High$412.7

52W Low$243.3

Avg Volume3.3M

Open$256.10

Beta1.09

Overview

Constellation Energy Corporation (CEG) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

CEG · free cash flow · updated Jun 8, 2026

Core FCF metrics

CEG · FCF · TTM · margin & CAGR

Free cash flow was $1.29B for FY2025 (fiscal year ending 2025-12-31), up 125.6% year-over-year The FCF margin was 5.0%.

FY2025 Free Cash Flow$1.29B▲ +125.6% YoY

Trailing 12M (TTM)$1.14Btrailing 4 quarters sum

FCF Margin5.0%$1.29B ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

CEG · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$4.24B(2.95B)$1.29B▲ +125.6%5.0%

FY2024−$2.46B(2.56B)−$5.03B▲ +34.9%-21.3%

FY2023−$5.30B(2.42B)−$7.72B▼ 91.1%-31.0%

FY2022−$2.35B(1.69B)−$4.04B▼ 51.6%-16.5%

FY2021−$1.34B(1.33B)−$2.67B▼ 129.3%-13.6%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

CEG · P/FCF · FCF yield · FCF per share

Constellation Energy Corporation (CEG) trades at a FCF yield of 1.24% and a price-to-free-cash-flow ratio of 70.0x. FCF per share stands at $3.63, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

1.24%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$3.63

TTM FCF ÷ Shares Outstanding

Price / FCF

x70.0

Share Price ÷ FCF per Share

EV / FCF (TTM)

x99.1

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

CEG · cash flow statement · operating / investing / financing

For FY2025, Constellation Energy Corporation generated $4.24B in operating cash flow and spent 2.95B in capital expenditures, yielding $1.29B in free cash flow.

Operating Activities

+$4.24B

Cash from core business operations

2025-12-31

Investing Activities

−$3.20B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$420.0M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($4.24B) − |CapEx| (2.95B) = FCF ($1.29B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Utilities)

CEG vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Constellation Energy CorporationYOU

CEG

$1.29B+125.6%5.0%

35%

Duke Energy Corporation

Utilities · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Constellation Energy Corporation (CEG) reported free cash flow of $1.29B for FY2025 (fiscal year ending 2025-12-31), up 125.6% year-over-year. The FCF margin was 5.0%.

Based on available data, Constellation Energy Corporation has maintained positive free cash flow for at least 8 fiscal year(s). FCF peaked at $1.62B in FY2018.

Constellation Energy Corporation's FCF yield is 1.24% and price-to-FCF ratio is 70.0x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

CEG free cash flow · 8 questions

Constellation Energy Corporation free cash flow was $1.29B for FY2025, up 125.6% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.14B.

CEG free cash flowCEG FCFCEG FCF 2025CEG free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Constellation Energy Corporation · Constellation Energy Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026