How Constellation Energy (CEG) Makes Money: A Visual Guide

Constellation Energy (CEG) generated $25.53B in revenue (TTM through Q4 2025), earning $2.32B in net profit (9.1% margin). Its largest revenue source is Constellation Mid Atlantic (29.3% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

Constellation Energy (CEG) Income Statement Flow

Frequently asked questions

How does Constellation Energy (CEG) make money?

Constellation Energy (CEG) primarily makes money through Constellation Mid Atlantic, which accounts for 29.3% of total revenue. For TTM through Q4 2025, Constellation Energy generated $25.53B in total revenue with a net profit margin of 9.1%.

What is Constellation Energy (CEG) gross profit margin?

Constellation Energy (CEG) reported a gross profit margin of 75.9% for TTM through Q4 2025, equivalent to $19.37B in gross profit. This means Constellation Energy retains 75.9% of each revenue unit after direct costs of production.

What is Constellation Energy (CEG) operating profit margin?

Constellation Energy (CEG) reported an operating profit margin of 12.1% for TTM through Q4 2025, equivalent to $3.09B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Constellation Energy (CEG) net profit margin?

Constellation Energy (CEG) reported a net profit margin of 9.1% for TTM through Q4 2025, equivalent to $2.32B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Constellation Energy (CEG) spend on capital expenditures?

Constellation Energy (CEG) spent $2.95B on capital expenditures in TTM through Q4 2025 (11.5% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Constellation Energy (CEG) free cash flow?

Constellation Energy (CEG) generated $1.29B in free cash flow for TTM through Q4 2025 (5.0% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is Constellation Energy (CEG) effective tax rate?

Constellation Energy (CEG) had an effective tax rate of 34% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.

About this data

What is a Sankey diagram?
A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?
We use the income statement from company filings. For TTM (Trailing Twelve Months), we sum the last four quarters. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?
Based on company filings through TTM through Q4 2025.