Constellation Energy annual free cash flow
2020
2021
2022
2023
2024
2025
Constellation Energy Free Cash Flow (FCF) History (CEG)
Constellation Energy reported $1.29B in free cash flow for fiscal 2025, an increase of $6.32B from the previous fiscal year, with a free cash flow margin of 5.68%.
View full Constellation Energy company overviewConstellation Energy free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.29B | $6.32B | — | +5.68% |
| 2024 | 2024-12-31 | −$5.03B | $2.69B | — | −26.52% |
| 2023 | 2023-12-31 | −$7.72B | −$3.68B | — | −37.06% |
| 2022 | 2022-12-31 | −$4.04B | −$1.38B | — | −18.74% |
| 2021 | 2021-12-31 | −$2.67B | −$1.50B | — | −15.46% |
| 2020 | 2020-12-31 | −$1.16B | — | — | −7.09% |
Constellation Energy quarterly free cash flow
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$118.0M | −$828.0M | — | −2.02% |
| Q1 2026 | 2026-03-31 | −$850.0M | −$151.0M | — | −11.27% |
| Q4 2025 | 2025-12-31 | −$181.0M | $1.56B | — | −3.18% |
| Q3 2025 | 2025-09-30 | $1.46B | $2.12B | — | +25.57% |
| Q2 2025 | 2025-06-30 | $710.0M | $1.87B | — | +13.76% |
| Q1 2025 | 2025-03-31 | −$699.0M | $762.0M | — | −11.45% |
| Q4 2024 | 2024-12-31 | −$1.75B | $2.12B | — | −38.56% |
| Q3 2024 | 2024-09-30 | −$664.0M | $728.0M | — | −13.91% |
| Q2 2024 | 2024-06-30 | −$1.16B | −$291.0M | — | −26.31% |
| Q1 2024 | 2024-03-31 | −$1.46B | $133.0M | — | −27.78% |
| Q4 2023 | 2023-12-31 | −$3.87B | −$848.0M | — | −77.47% |
| Q3 2023 | 2023-09-30 | −$1.39B | $92.0M | — | −26.20% |
| Q2 2023 | 2023-06-30 | −$868.0M | −$390.0M | — | −18.46% |
| Q1 2023 | 2023-03-31 | −$1.59B | −$2.54B | — | −27.33% |
| Q4 2022 | 2022-12-31 | −$3.02B | −$466.0M | — | −65.33% |
| Q3 2022 | 2022-09-30 | −$1.48B | −$2.45B | — | −24.52% |
| Q2 2022 | 2022-06-30 | −$478.0M | −$1.40B | — | −8.75% |
| Q1 2022 | 2022-03-31 | $941.0M | $2.94B | — | +17.33% |
| Q4 2021 | 2021-12-31 | −$2.56B | — | — | −63.73% |
| Q3 2021 | 2021-09-30 | $964.0M | — | — | +23.62% |
| Q2 2021 | 2021-06-30 | $918.0M | — | — | +23.54% |
| Q1 2021 | 2021-03-31 | −$1.99B | — | — | −37.88% |
Constellation Energy free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from −$1.16B to $1.29B, a net increase of $2.45B. Constellation Energy's latest reported quarter, Q2 2026, generated −$118.0M in free cash flow, a decrease of $828.0M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Constellation Energy filings at SEC.gov ↗