Filing Flows › Constellation Energy (CEG) › Q1 2026 › vs Q4 2025
Constellation Energy (CEG) Q1 2026 vs Q4 2025 (quarter over quarter)
Constellation Energy's revenue rose $5.0B (+83%) from $6.1B in Q4 2025 to $11.1B in Q1 2026. Operating margin 21.0% against 9.8% (+11.1 pts).
Constellation Energy, Q1 2026: revenue $11.1B (+64% year over year), operating margin 21.0%, net earnings $1.6B, operating cash flow $425M. The chart draws each line against Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Operating margin | 21.0% | 9.8% | +11.1 pts |
| Net margin | 14.3% | 7.1% | +7.2 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $11.1B | $6.1B | $5.0B | +83% |
| Operating profit | $2.3B | $598M | $1.7B | +290% |
| Costs & expenses | $8.8B | $5.5B | $3.3B | +61% |
| Pre-tax earnings | $2.1B | $692M | $1.4B | +208% |
| Other expense, net | $199M | −$94.0M | $293M | — |
| Net earnings | $1.6B | $432M | $1.2B | +268% |
| Minority interests | $13.0M | $0 | $13.0M | — |
| Income tax | $530M | $259M | $271M | +105% |
| Operating cash sources | $2.8B | $1.1B | $1.7B | +157% |
| Depreciation & amortization | $1.2B | $656M | $546M | +83% |
| Working capital & other | $2.4B | $283M | $2.1B | +736% |
| Operating cash flow | $425M | $805M | −$380M | -47% |
| Capital expenditures | $1.3B | $986M | $289M | +29% |
| Negative free cash flow (OCF − capex) | $850M | $181M | $669M | +370% |
Questions
How much did Constellation Energy's revenue grow quarter over quarter in Q1 2026?
Constellation Energy's revenue rose $5.0B (+83%) from $6.1B in Q4 2025 to $11.1B in Q1 2026. Operating margin 21.0% against 9.8% (+11.1 pts).