Constellation Energy (CEG) vs NRG Energy (NRG)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Constellation Energy (CEG) has outperformed NRG Energy (NRG) over the past year, losing 23.2% versus a loss of 36.5%. Constellation Energy is the larger company by market cap ($101.00 billion vs $22.35 billion), about 4.5 times the size, while NRG Energy is growing revenue faster (+9.2% vs +8.3%). On valuation, NRG Energy trades at a lower forward P/E (9.5x vs 21.4x for Constellation Energy).
NRG Energy offers the higher dividend yield (1.75% vs 0.57%). Constellation Energy converts more of its revenue into profit, with a net margin of 9.1% versus 2.8%.
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 | NRG |
|---|---|---|
| Share price | $285.07 | $106.32 |
| Market cap | $101.00B | $22.35B |
| 1-day change | -4.85% | -2.11% |
| YTD return | -19.31% | -33.23% |
| 1-year return | -23.16% | -36.53% |
| 5-year return | — | +157.93% |
| P/E ratio (TTM) | 27.87 | 27.83 |
| Forward P/E | 21.40 | 9.50 |
| EPS (TTM) | $10.23 | $3.82 |
| Dividend yield | 0.57% | 1.75% |
| Annual dividend | $1.63 | $1.87 |
| Revenue (latest FY) | $25.53B | $30.71B |
| Revenue growth (YoY) | +8.34% | +9.18% |
| Net income (latest FY) | $2.32B | $864.00M |
| Gross margin | — | 19.38% |
| Operating margin | 12.09% | 6.01% |
| Net margin | 9.08% | 2.81% |
| 52-week high | $412.70 | $189.96 |
| 52-week low | $228.63 | $93.36 |
| Distance from 52-week high | -30.93% | -44.03% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +19.81% | +74.47% |
| Average volume | 3.09M | 2.88M |
| Shares outstanding | 354.31M | 210.21M |
| Employees | 15,291 | 16,702 |
| 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 4.5 times larger than NRG Energy by market value ($101.00B vs $22.35B).
- CEG has outperformed NRG by 13.4 percentage points over the past year.
- NRG Energy offers a meaningfully higher dividend yield (1.75% vs 0.57%).
- Constellation Energy is more profitable, keeping 9.1 cents of every revenue dollar as net income versus 2.8 cents for NRG Energy.
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 NRG Energy
NRG stock →NRG Energy, Inc., together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through the Texas, East, West/Other, Vivint Smart Home, and Corporate Activities segments.
Utilities · Electric Utilities: Central · 16,702 employees
CEG vs NRG FAQ
Which is bigger, Constellation Energy or NRG Energy?
Constellation Energy (CEG) is larger, with a market capitalization of $101.00B compared with $22.35B for NRG Energy (NRG).
Which stock has performed better over the past year, CEG or NRG?
CEG returned -23.16% over the past 12 months, compared with -36.53% for NRG (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CEG or NRG?
NRG has the lower trailing P/E at 27.8, versus 27.9 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 NRG Energy?
NRG Energy has the higher yield at 1.75%, compared with 0.57% for Constellation Energy.
Are Constellation Energy and NRG Energy in the same industry?
Yes. Both are classified in the Electric Utilities: Central industry within the Utilities sector.