CEG vs SO
Constellation Energy Corp. and Southern Co., side by side — 6 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CEG | SO |
|---|---|---|
| Revenue | $25.5B | $29.6B |
| Net income | $2.3B | $4.3B |
| Gross margin | · | · |
| Net margin | 9.1% | 14.1% |
| Return on equity | 16.8% | 12.5% |
| Diluted EPS | $7.40 | $3.92 |
| Dividend / share | $0.39 | $2.94 |
| Payout ratio | 21.0% | 69.5% |
| Free cash flow | $1.3B | $-2.9B |
| Equity | $14.5B | $36.0B |
| Net debt / equity | 0.25× | 1.80× |
| Current ratio | 1.53× | 0.65× |
| Revenue CAGR 5y | 7.7% | 7.0% |
| Profit CAGR 5y | 31.5% | · |
SO bills 1.2× the revenue of CEG, and keeps more of each dollar of revenue as profit (14.1% 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 | SO |
|---|---|---|
| FY2025 | $25.5B | $29.6B |
| FY2024 | $23.6B | $26.8B |
| FY2023 | $24.9B | $25.3B |
| FY2022 | $24.4B | $29.3B |
| FY2021 | $19.6B | $23.5B |
| FY2020 | $17.6B | $21.1B |
Bottom line
| Fiscal year | CEG | SO |
|---|---|---|
| FY2025 | $2.3B | $4.3B |
| FY2024 | $3.7B | $4.4B |
| FY2023 | $1.6B | $4.0B |
| FY2022 | $-160.0M | $3.4B |
| FY2021 | $-205.0M | $2.3B |
| FY2020 | $589.0M | $3.1B |
6 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$4,020,000,000 | SO |
| FY2024 | −$3,196,000,000 | SO |
| FY2023 | −$335,000,000 | SO |
| FY2022 | −$4,839,000,000 | SO |
| FY2021 | −$3,814,000,000 | SO |
| FY2020 | −$3,494,000,000 | SO |
SO 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 | −5.0 pp | SO |
| FY2024 | −0.1 pp | SO |
| FY2023 | −8.9 pp | SO |
| FY2022 | −12.4 pp | SO |
| FY2021 | −10.3 pp | SO |
| FY2020 | −11.4 pp | SO |
SO has kept the higher net margin in every one of these 6 fiscal years.
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 SO's over the 6 comparable fiscal years — 5.8 percentage points of standard deviation against 2.1.
6 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
SO led in net margin in every one of the 6 comparable fiscal years — a structural lead, not a recent swing.
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 SO's over the 6 comparable fiscal years — 11.6 percentage points of standard deviation against 1.7.
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 CEG and SO over these 6 fiscal years — CEG led in 3 and SO in 3.
6 of 19 comparable fiscal years — a year missing data on either side is not counted.