Buyback yield (TTM)
0.40%
Shareholder yield (TTM)
0.93%
5Y share count change
-3.9%
Buyback spend (TTM)
$400.00M
Cumulative buybacks
$4.27B
Key takeaways
- Constellation Energy (CEG) repurchased about $400.00M of stock over the trailing twelve months.
- Diluted share count is down 3.9% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- Cash buyback spend has compounded at +44.3% per year over the latest 5-year window.
- TTM repurchases used about 65% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Constellation Energy (CEG)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for Constellation Energy (CEG)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Constellation Energy (CEG)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for Constellation Energy (CEG)
Latest: $400.00M
Overview
As of the 2025 fiscal year, Constellation Energy (CEG) reported buyback spend of $400.00M – plunged 60.0% year-over-year.
Constellation Energy buyback spend compound annual growth for the 2020–2025 (5 years) window is +44.3%, with mixed annual results across the window.
Constellation Energy buyback spend plunged from $1.75B in 2022 to $400.00M in 2025, a 77.1% drawdown.
Across the available history, buyback spend reached its high of $1.75B in 2022 and its low of $0.00 in 2012.
Constellation Energy Buyback Spend 2025: $400.00M
Constellation Energy posted buyback spend of $400.00M in 2025, plunged 60.0% below 2024.
Constellation Energy Buyback Spend 2024: $999.00M
In 2024, Constellation Energy reported buyback spend of $999.00M, edged up 0.7% from 2023.
Constellation Energy Buyback Spend 2023: $992.00M
Constellation Energy buyback spend in 2023 was $992.00M, plunged 43.3% below 2022.
Constellation Energy Buyback Spend 2022: $1.75B
2022's buyback spend for Constellation Energy came in at $1.75B, surged 2634.4% from 2021. This figure represents the highest annual value in the available history.
Constellation Energy Buyback Spend 2021: $64.00M
Constellation Energy buyback spend in 2021 was $64.00M.
See more financial history for Constellation Energy (CEG).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $400.00M | $0.00 | $400.00M | 0.36% | 0.31B | -0.3% | |
| 2024 | $999.00M | $0.00 | $999.00M | 1.42% | 0.32B | -2.8% | |
| 2023 | $992.00M | $0.00 | $992.00M | 2.65% | 0.32B | -1.2% | |
| 2022 | $1.75B | $116.00M | $1.63B | 6.19% | 0.33B | +0.4% | |
| 2021 | $64.00M | $47.00M | $17.00M | 0.47% | 0.33B | 0.0% | |
| 2020 | $64.00M | $27.00M | $37.00M | 0.47% | 0.33B | 0.0% | |
| 2019 | $0.00 | $37.00M | −$37.00M | — | 0.33B | +0.1% | |
| 2018 | $0.00 | $77.00M | −$77.00M | — | 0.33B | 0.0% | |
| 2017 | $0.00 | $88.00M | −$88.00M | — | 0.33B | 0.0% | |
| 2016 | $0.00 | $78.00M | −$78.00M | — | 0.33B | 0.0% | |
| 2015 | $0.00 | $64.00M | −$64.00M | — | 0.33B | 0.0% | |
| 2014 | $0.00 | $52.00M | −$52.00M | — | 0.33B | 0.0% | |
| 2013 | $0.00 | $48.00M | −$48.00M | — | 0.33B | 0.0% | |
| 2012 | $0.00 | $42.00M | −$42.00M | — | 0.33B | — |
- 2025$400.00M
- 2024$999.00M
- 2023$992.00M
- 2022$1.75B
- 2021$64.00M
- 2020$64.00M
- 2019$0.00
- 2018$0.00
- 2017$0.00
- 2016$0.00
- 2015$0.00
- 2014$0.00
- 2013$0.00
- 2012$0.00
Buybacks vs stock-based compensation for Constellation Energy (CEG)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: N/A.
Buybacks vs dividends (share of cash returned) for Constellation Energy (CEG)
How Constellation Energy splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Constellation Energy, ranked by their latest buyback spend.
| $3.32B | |
| $1.03B | |
| $958.00M | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 |
- $3.32B
- $1.03B
- $958.00M
- $0.00
- $0.00
- $0.00
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $618.00M (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation