CEG vs NEE
Constellation Energy Corp. and Nextera Energy Inc., side by side — 6 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CEG | NEE |
|---|---|---|
| Revenue | $25.5B | $27.4B |
| Net income | $2.3B | $6.8B |
| Gross margin | · | · |
| Net margin | 9.1% | 19.5% |
| Return on equity | 16.8% | 13.1% |
| Diluted EPS | $7.40 | $3.30 |
| Dividend / share | $0.39 | $2.27 |
| Payout ratio | 21.0% | 68.5% |
| Free cash flow | $1.3B | · |
| Equity | $14.5B | $54.6B |
| Net debt / equity | 0.25× | 1.65× |
| Current ratio | 1.53× | 0.60× |
| Revenue CAGR 5y | 7.7% | 8.8% |
| Profit CAGR 5y | 31.5% | 18.5% |
CEG and NEE book revenue within 15% of each other, and NEE keeps more of each dollar of revenue as profit (19.5% 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 | CEG | NEE |
|---|---|---|
| FY2025 | $25.5B | $27.4B |
| FY2024 | $23.6B | $24.8B |
| FY2023 | $24.9B | $28.1B |
| FY2022 | $24.4B | $23.0B |
| FY2021 | $19.6B | $18.8B |
| FY2020 | $17.6B | $18.0B |
Bottom line
| Fiscal year | CEG | NEE |
|---|---|---|
| FY2025 | $2.3B | $6.8B |
| FY2024 | $3.7B | $6.9B |
| FY2023 | $1.6B | $7.3B |
| FY2022 | $-160.0M | $4.1B |
| FY2021 | $-205.0M | $3.6B |
| FY2020 | $589.0M | $2.9B |
6 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$1,879,000,000 | NEE |
| FY2024 | −$1,185,000,000 | NEE |
| FY2023 | −$3,196,000,000 | NEE |
| FY2022 | +$1,440,000,000 | CEG |
| FY2021 | +$849,000,000 | CEG |
| FY2020 | −$394,000,000 | NEE |
The higher-revenue side has changed between CEG and NEE over this period. 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 | −10.4 pp | NEE |
| FY2024 | −7.2 pp | NEE |
| FY2023 | −16.0 pp | NEE |
| FY2022 | −14.8 pp | NEE |
| FY2021 | −15.5 pp | NEE |
| FY2020 | −9.9 pp | NEE |
NEE has kept the higher net margin in every one of these 6 fiscal years.
6 of 18 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 NEE's over the 6 comparable fiscal years — 5.8 percentage points of standard deviation against 3.9.
6 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
NEE led in net margin in every one of the 6 comparable fiscal years — a structural lead, not a recent swing.
6 of 18 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 NEE's over the 6 comparable fiscal years — 11.6 percentage points of standard deviation against 3.0.
6 of 18 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 CEG and NEE over these 6 fiscal years — CEG led in 2 and NEE in 4.
6 of 18 comparable fiscal years — a year missing data on either side is not counted.