CEG vs NRG
Constellation Energy Corp. and NRG Energy, Inc., side by side — 6 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CEG | NRG |
|---|---|---|
| Revenue | $25.5B | $30.7B |
| Net income | $2.3B | $864.0M |
| Gross margin | · | · |
| Net margin | 9.1% | · |
| Return on equity | 16.8% | 41.5% |
| Diluted EPS | $7.40 | $4.01 |
| Dividend / share | $0.39 | $1.76 |
| Payout ratio | 21.0% | 47.6% |
| Free cash flow | $1.3B | $766.0M |
| Equity | $14.5B | · |
| Net debt / equity | 0.25× | 6.96× |
| Current ratio | 1.53× | 1.64× |
| Revenue CAGR 5y | 7.7% | 27.6% |
| Profit CAGR 5y | 31.5% | 11.1% |
NRG bills 1.2× the revenue of CEG.
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 | NRG |
|---|---|---|
| FY2025 | $25.5B | $30.7B |
| FY2024 | $23.6B | $28.1B |
| FY2023 | $24.9B | $28.8B |
| FY2022 | $24.4B | $31.5B |
| FY2021 | $19.6B | $27.0B |
| FY2020 | $17.6B | $9.1B |
Bottom line
| Fiscal year | CEG | NRG |
|---|---|---|
| FY2025 | $2.3B | $864.0M |
| FY2024 | $3.7B | $1.1B |
| FY2023 | $1.6B | $-202.0M |
| FY2022 | $-160.0M | $1.2B |
| FY2021 | $-205.0M | $2.2B |
| FY2020 | $589.0M | $510.0M |
6 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$5,180,000,000 | NRG |
| FY2024 | −$4,562,000,000 | NRG |
| FY2023 | −$3,905,000,000 | NRG |
| FY2022 | −$7,103,000,000 | NRG |
| FY2021 | −$7,340,000,000 | NRG |
| FY2020 | +$8,510,000,000 | CEG |
The higher-revenue side has changed between CEG and NRG over this period. The gap has narrowed since the earliest year compared.
6 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
NRG's return on equity has been more volatile than CEG's over the 6 comparable fiscal years — 26.0 percentage points of standard deviation against 11.6.
6 of 17 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 NRG over these 6 fiscal years — CEG led in 1 and NRG in 5.
6 of 17 comparable fiscal years — a year missing data on either side is not counted.