Constellation Energy annual operating margin
2020
2021
2022
2023
2024
2025
Constellation Energy Operating Margin Growth & History (CEG)
Constellation Energy's operating margin was 13.62% for fiscal 2025.
View full Constellation Energy company overviewConstellation Energy annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 13.62% | −9.33 pp |
| 2024 | 2024-12-31 | 22.95% | +15.22 pp |
| 2023 | 2023-12-31 | 7.73% | +5.43 pp |
| 2022 | 2022-12-31 | 2.29% | +4.30 pp |
| 2021 | 2021-12-31 | −2.01% | −3.57 pp |
| 2020 | 2020-12-31 | 1.56% | — |
Constellation Energy quarterly operating margin
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 | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 9.93% | −8.50 pp |
| Q1 2026 | 2026-03-31 | 30.92% | +23.54 pp |
| Q4 2025 | 2025-12-31 | 10.50% | −10.98 pp |
| Q3 2025 | 2025-09-30 | 19.04% | −11.69 pp |
| Q2 2025 | 2025-06-30 | 18.43% | −6.54 pp |
| Q1 2025 | 2025-03-31 | 7.39% | −8.07 pp |
| Q4 2024 | 2024-12-31 | 21.48% | +22.82 pp |
| Q3 2024 | 2024-09-30 | 30.74% | +12.35 pp |
| Q2 2024 | 2024-06-30 | 24.97% | +10.73 pp |
| Q1 2024 | 2024-03-31 | 15.46% | +14.92 pp |
| Q4 2023 | 2023-12-31 | −1.34% | +2.36 pp |
| Q3 2023 | 2023-09-30 | 18.39% | +19.07 pp |
| Q2 2023 | 2023-06-30 | 14.23% | +9.25 pp |
| Q1 2023 | 2023-03-31 | 0.53% | −7.48 pp |
| Q4 2022 | 2022-12-31 | −3.70% | −3.65 pp |
| Q3 2022 | 2022-09-30 | −0.68% | −25.32 pp |
| Q2 2022 | 2022-06-30 | 4.98% | +12.88 pp |
| Q1 2022 | 2022-03-31 | 8.01% | +27.80 pp |
| Q4 2021 | 2021-12-31 | −0.05% | — |
| Q3 2021 | 2021-09-30 | 24.64% | — |
| Q2 2021 | 2021-06-30 | −7.90% | — |
| Q1 2021 | 2021-03-31 | −19.79% | — |
Constellation Energy operating margin trends
Over the last five fiscal years, Constellation Energy's operating margin increased from 1.56% to 13.62%, a change of +12.06 percentage points. The latest reported quarter, Q2 2026, shows 9.93%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Constellation Energy source filings ↗Community posts
Constellation and Amazon sign 20-year nuclear-power agreement
Constellation ($CEG) and Amazon ($AMZN) announced a 20-year agreement covering 690 megawatts of nuclear power from the Calvert Cliffs station, including 190 megawatts of planned additional capacity. The arrangement supports more than $3 bil ...
Constellation agrees to buy Shell’s Rhode Island power plant for $715 million
Constellation ($CEG) agreed to acquire the Rhode Island State Energy Center from Shell ($SHEL) for $715 million. The 609-megawatt combined-cycle natural-gas plant is located in Johnston, Rhode Island. Constellation estimates that first-year ...
