AEP vs CEG
American Electric Power Co. Inc. and Constellation Energy Corp., side by side — 6 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | AEP | CEG |
|---|---|---|
| Revenue | $21.9B | $25.5B |
| Net income | $3.7B | $2.3B |
| Gross margin | 67.9% | · |
| Net margin | 16.9% | 9.1% |
| Return on equity | 12.7% | 16.8% |
| Diluted EPS | $6.66 | $7.40 |
| Dividend / share | $3.74 | $0.39 |
| Payout ratio | 54.3% | 21.0% |
| Free cash flow | $3.5B | $1.3B |
| Equity | $31.1B | $14.5B |
| Net debt / equity | 1.51× | 0.25× |
| Current ratio | 0.45× | 1.53× |
| Revenue CAGR 5y | 8.0% | 7.7% |
| Profit CAGR 5y | 11.0% | 31.5% |
CEG bills 1.2× the revenue of AEP, and AEP keeps more of each dollar of revenue as profit (16.9% against 9.1%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
6 years side by side
| Fiscal year | AEP | CEG |
|---|---|---|
| FY2025 | $21.9B | $25.5B |
| FY2024 | $20.0B | $23.6B |
| FY2023 | $19.5B | $24.9B |
| FY2022 | $19.6B | $24.4B |
| FY2021 | $16.8B | $19.6B |
| FY2020 | $14.9B | $17.6B |
Bottom line
| Fiscal year | AEP | CEG |
|---|---|---|
| FY2025 | $3.7B | $2.3B |
| FY2024 | $3.0B | $3.7B |
| FY2023 | $2.2B | $1.6B |
| FY2022 | $2.3B | $-160.0M |
| FY2021 | $2.5B | $-205.0M |
| FY2020 | $2.2B | $589.0M |
6 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$3,657,000,000 | CEG |
| FY2024 | −$3,598,000,000 | CEG |
| FY2023 | −$5,462,000,000 | CEG |
| FY2022 | −$4,800,500,000 | CEG |
| FY2021 | −$2,857,000,000 | CEG |
| FY2020 | −$2,684,500,000 | CEG |
CEG has reported the higher revenue in every one of these 6 fiscal years. The gap has widened since the earliest year compared.
6 of 19 comparable fiscal years — a year missing data on either side is not counted.
6 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +7.8 pp | AEP |
| FY2024 | −1.0 pp | CEG |
| FY2023 | +5.0 pp | AEP |
| FY2022 | +12.4 pp | AEP |
| FY2021 | +15.2 pp | AEP |
| FY2020 | +11.4 pp | AEP |
The higher net margin has changed hands between AEP and CEG over this period.
6 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CEG's net margin has been more volatile than AEP's over the 6 comparable fiscal years — 5.8 percentage points of standard deviation against 1.9.
6 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between AEP and CEG over these 6 fiscal years — AEP led in 5 and CEG in 1.
6 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CEG's return on equity has been more volatile than AEP's over the 6 comparable fiscal years — 11.6 percentage points of standard deviation against 1.2.
6 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between AEP and CEG over these 6 fiscal years — AEP led in 3 and CEG in 3.
6 of 19 comparable fiscal years — a year missing data on either side is not counted.