CEG vs VST
Constellation Energy Corp. and Vistra Corp., side by side — 6 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CEG | VST |
|---|---|---|
| Revenue | $25.5B | $17.7B |
| Net income | $2.3B | $944.0M |
| Gross margin | · | · |
| Net margin | 9.1% | 5.3% |
| Return on equity | 16.8% | 17.7% |
| Diluted EPS | $7.40 | $2.18 |
| Dividend / share | $0.39 | $0.90 |
| Payout ratio | 21.0% | 32.4% |
| Free cash flow | $1.3B | $1.3B |
| Equity | $14.5B | $5.1B |
| Net debt / equity | 0.25× | 3.54× |
| Current ratio | 1.53× | 0.78× |
| Revenue CAGR 5y | 7.7% | 9.2% |
| Profit CAGR 5y | 31.5% | 8.2% |
CEG bills 1.4× the revenue of VST, and keeps more of each dollar of revenue as profit (9.1% against 5.3%).
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 | VST |
|---|---|---|
| FY2025 | $25.5B | $17.7B |
| FY2024 | $23.6B | $17.2B |
| FY2023 | $24.9B | $14.8B |
| FY2022 | $24.4B | $15.6B |
| FY2021 | $19.6B | $17.7B |
| FY2020 | $17.6B | $11.4B |
Bottom line
| Fiscal year | CEG | VST |
|---|---|---|
| FY2025 | $2.3B | $944.0M |
| FY2024 | $3.7B | $2.7B |
| FY2023 | $1.6B | $1.5B |
| FY2022 | $-160.0M | $-1.2B |
| FY2021 | $-205.0M | $-1.3B |
| FY2020 | $589.0M | $636.0M |
6 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$7,795,000,000 | CEG |
| FY2024 | +$6,344,000,000 | CEG |
| FY2023 | +$10,139,000,000 | CEG |
| FY2022 | +$8,809,000,000 | CEG |
| FY2021 | +$1,949,000,000 | CEG |
| FY2020 | +$6,160,000,000 | 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 9 comparable fiscal years — a year missing data on either side is not counted.
6 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +3.8 pp | CEG |
| FY2024 | −0.5 pp | VST |
| FY2023 | −3.8 pp | VST |
| FY2022 | +7.1 pp | CEG |
| FY2021 | +6.7 pp | CEG |
| FY2020 | −2.2 pp | VST |
The higher net margin has changed hands between CEG and VST over this period.
6 of 9 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
VST's net margin has been more volatile than CEG's over the 6 comparable fiscal years — 8.7 percentage points of standard deviation against 5.8.
6 of 9 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between CEG and VST over these 6 fiscal years — CEG led in 3 and VST in 3.
6 of 9 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
VST's return on equity has been more volatile than CEG's over the 6 comparable fiscal years — 23.8 percentage points of standard deviation against 11.6.
6 of 9 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 VST over these 6 fiscal years — CEG led in 2 and VST in 4.
6 of 9 comparable fiscal years — a year missing data on either side is not counted.