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Constellation Energy vs NextEra Energy: CEG and NEE compared
Constellation Energy is the larger company: $9.6B of revenue in its latest quarter (Q3 2026) against $8.1B for NextEra Energy (Q3 2026). Constellation Energy is growing faster (+45% against +2% a year earlier). NextEra Energy is more profitable, with an operating margin of 32.4% against 26.1%.
Where the money goes: CEG and NEE
Constellation Energy (CEG) · Q3 2026
Constellation Energy, Q3 2026: revenue $9.6B (+45% year over year), operating margin 26.1%, net earnings $1.8B, operating cash flow $3.4B. The chart follows the revenue to costs, profit and cash.
NextEra Energy (NEE) · Q3 2026
NextEra Energy, Q3 2026: revenue $8.1B (+2% year over year), operating margin 32.4%, net earnings $4.8B, operating cash flow $5.0B. The chart follows the revenue to costs, profit and cash.
| Constellation Energy (CEG) | NextEra Energy (NEE) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $9.6B | $8.1B |
| Revenue growth, Y/Y | +45% | +2% |
| Operating margin | 26.1% | 32.4% |
| Net earnings | $1.8B | $4.8B |
| Net margin | 19.2% | 59.0% |
| Operating cash flow | $3.4B | $5.0B |
| Free cash flow | $2.5B | — |
| Market value | $86.3B | $185.1B |
| P/E | 24.9× | 18.9× |
| Analysts’ mean target | $337.77 | $94.00 |
Where the revenue comes from
Constellation Energy
- Total power revenues: $6.3B (66%)
- Other revenues: $2.9B (31%)
- Gas revenues: $322M (3%)
Questions
Which is bigger, Constellation Energy or NextEra Energy?
Constellation Energy is the larger company: $9.6B of revenue in its latest quarter (Q3 2026) against $8.1B for NextEra Energy (Q3 2026).
Is Constellation Energy or NextEra Energy growing faster?
Constellation Energy is growing faster (+45% against +2% a year earlier).
Which is more profitable, Constellation Energy or NextEra Energy?
NextEra Energy is more profitable, with an operating margin of 32.4% against 26.1%.
More: Constellation Energy earnings · how Constellation Energy makes money · NextEra Energy earnings · how NextEra Energy makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 9, 2026; 10-Q filed Oct 21, 2026). Fiscal quarters can end on different dates. Not investment advice.