Constellation Energy (CEG) vs FirstEnergy (FE)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
FirstEnergy (FE) has outperformed Constellation Energy (CEG) over the past year, losing 3.9% versus a loss of 16.4%. Constellation Energy is the larger company by market cap ($106.15 billion vs $25.80 billion), about 4.1 times the size, while FirstEnergy is growing revenue faster (+12.0% vs +8.3%). On valuation, FirstEnergy trades at a lower forward P/E (15.1x vs 22.5x for Constellation Energy).
FirstEnergy offers the higher dividend yield (4.04% vs 0.54%). Constellation Energy converts more of its revenue into profit, with a net margin of 9.1% versus 6.8%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | CEG | FE |
|---|---|---|
| Share price | $299.59 | $44.58 |
| Market cap | $106.15B | $25.80B |
| 1-day change | -0.27% | +0.72% |
| YTD return | -15.20% | -0.42% |
| 1-year return | -16.35% | -3.94% |
| 5-year return | — | +21.74% |
| P/E ratio (TTM) | 29.37 | 23.84 |
| Forward P/E | 22.49 | 15.12 |
| EPS (TTM) | $10.20 | $1.87 |
| Dividend yield | 0.54% | 4.04% |
| Annual dividend | $1.63 | $1.80 |
| Revenue (latest FY) | $25.53B | $15.09B |
| Revenue growth (YoY) | +8.34% | +12.01% |
| Net income (latest FY) | $2.32B | $1.02B |
| Operating margin | 12.09% | 14.62% |
| Net margin | 9.08% | 6.76% |
| 52-week high | $412.70 | $52.34 |
| 52-week low | $228.63 | $42.67 |
| Distance from 52-week high | -27.41% | -14.83% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +14.00% | +18.15% |
| Average volume | 2.96M | 4.28M |
| Shares outstanding | 354.31M | 578.64M |
| Employees | 15,291 | 11,186 |
| Sector | Utilities | Utilities |
| Industry | Electric Utilities: Central | Electric Utilities: Central |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Constellation Energy is about 4.1 times larger than FirstEnergy by market value ($106.15B vs $25.80B).
- FE has outperformed CEG by 12.4 percentage points over the past year.
- FirstEnergy offers a meaningfully higher dividend yield (4.04% vs 0.54%).
About Constellation Energy
CEG stock →Constellation Energy Corporation produces and sells energy products and services in the United States. The company operates through five segments: Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions.
Utilities · Electric Utilities: Central · 15,291 employees
About FirstEnergy
FE stock →FirstEnergy Corp., together with its subsidiaries, engages in the generation, distribution, and transmission of electricity in the United States. It operates through Distribution, Integrated, and Stand-Alone Transmission segments.
Utilities · Electric Utilities: Central · 11,186 employees
CEG vs FE FAQ
Which is bigger, Constellation Energy or FirstEnergy?
Constellation Energy (CEG) is larger, with a market capitalization of $106.15B compared with $25.80B for FirstEnergy (FE).
Which stock has performed better over the past year, CEG or FE?
FE returned -3.94% over the past 12 months, compared with -16.35% for CEG (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CEG or FE?
FE has the lower trailing P/E at 23.8, versus 29.4 for CEG. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Constellation Energy or FirstEnergy?
FirstEnergy has the higher yield at 4.04%, compared with 0.54% for Constellation Energy.
Are Constellation Energy and FirstEnergy in the same industry?
Yes. Both are classified in the Electric Utilities: Central industry within the Utilities sector.