TTM
16.6%
YoY change
−6.38pp
Trough year (2021)
-1.8%
Peak year (2024)
18.5%
Latest annual
12.1%
Operating Margin history chart for Constellation Energy (CEG) from 2012 to 2025
Latest: 12.1%
Operating Margin change chart for Constellation Energy (CEG) from 2012 to 2025
Latest: −6.38pp
Operating Margin history table for Constellation Energy (CEG) from 2012 to 2025
| 2025 | 12.1% | -6.38pp | ||
| 2024 | 18.5% | +12.00pp | ||
| 2023 | 6.5% | +4.44pp | ||
| 2022 | 2.0% | +3.79pp | ||
| 2021 | -1.8% | -3.22pp | ||
| 2020 | 1.5% | -5.54pp | ||
| 2019 | 7.0% | +2.22pp | ||
| 2018 | 4.8% | -0.35pp | ||
| 2017 | 5.1% | +0.50pp | ||
| 2016 | 4.6% | -7.27pp | ||
| 2015 | 11.9% | +5.13pp | ||
| 2014 | 6.8% | -3.97pp | ||
| 2013 | 10.7% | -0.33pp | ||
| 2012 | 11.1% | — |
- 202512.1%-6.38pp
- 202418.5%+12.00pp
- 20236.5%+4.44pp
- 20222.0%+3.79pp
- 2021-1.8%-3.22pp
- 20201.5%-5.54pp
- 20197.0%+2.22pp
- 20184.8%-0.35pp
- 20175.1%+0.50pp
- 20164.6%-7.27pp
- 201511.9%+5.13pp
- 20146.8%-3.97pp
- 201310.7%-0.33pp
- 201211.1%—
Operating Margin values are taken from Constellation Energy's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at Constellation Energy (CEG)
According to Constellation Energy's latest reported financial statements, the company's latest reported operating margin is 16.6%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2025's annual operating margin for Constellation Energy (CEG) came in at 12.09% – contracted 6.4 percentage points year-over-year.
Across the available history, operating margin reached its high of 18.47% in 2024 and its low of -1.76% in 2021.
Constellation Energy Operating Margin by Year
Constellation Energy Operating Margin 2025: 12.1%
Constellation Energy operating margin in 2025 was 12.09%, contracted 6.4 percentage points from 2024.
Constellation Energy Operating Margin 2024: 18.5%
2024's operating margin for Constellation Energy came in at 18.47%, expanded 12.0 percentage points from 2023. This figure represents the highest annual value in the available history.
Constellation Energy Operating Margin 2023: 6.5%
Constellation Energy posted operating margin of 6.46% in 2023, expanded 4.4 percentage points from 2022.
Constellation Energy Operating Margin 2022: 2.0%
In 2022, Constellation Energy reported operating margin of 2.03%, expanded 3.8 percentage points from 2021.
Constellation Energy Operating Margin 2021: -1.8%
Constellation Energy operating margin in 2021 was -1.76%.
See more financial history for Constellation Energy (CEG).
Sector peers by Operating Margin
Utilities peers of Constellation Energy (CEG), ranked by their latest operating margin
| 29.2% | |
| 27.0% | |
| 26.4% | |
| 25.0% | |
| 24.1% | |
| 23.5% | |
| 22.6% | |
| 3.9% |
- 29.2%
- 27.0%
- 26.4%
- 25.0%
- 22.6%
- 3.9%
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Constellation Energy (CEG) Key Financials
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