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NextEra Energy vs Constellation Energy: NEE and CEG compared
NextEra Energy is the larger company: $8.1B of revenue in its latest quarter (Q3 2026) against $7.5B for Constellation Energy (Q2 2026). Constellation Energy is growing faster (+23% against +2% a year earlier). NextEra Energy is more profitable, with an operating margin of 32.4% against 7.7%.
Where the money goes: NEE and CEG
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) · Q2 2026
Constellation Energy, Q2 2026: revenue $7.5B (+23% year over year), operating margin 7.7%, net earnings $513M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
| NextEra Energy (NEE) | Constellation Energy (CEG) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $8.1B | $7.5B |
| Revenue growth, Y/Y | +2% | +23% |
| Operating margin | 32.4% | 7.7% |
| Net earnings | $4.8B | $513M |
| Net margin | 59.0% | 6.8% |
| Operating cash flow | $5.0B | $1.1B |
| Market value | $185.1B | $86.3B |
| P/E | 18.9× | 24.9× |
| Analysts’ mean target | $94.00 | $337.77 |
Where the revenue comes from
Constellation Energy
- Total Power revenues: $5.4B (71%)
- Other revenues: $1.8B (24%)
- Gas revenues: $327M (4%)
Questions
Which is bigger, NextEra Energy or Constellation Energy?
NextEra Energy is the larger company: $8.1B of revenue in its latest quarter (Q3 2026) against $7.5B for Constellation Energy (Q2 2026).
Is NextEra Energy or Constellation Energy growing faster?
Constellation Energy is growing faster (+23% against +2% a year earlier).
Which is more profitable, NextEra Energy or Constellation Energy?
NextEra Energy is more profitable, with an operating margin of 32.4% against 7.7%.
More: NextEra Energy earnings · how NextEra Energy makes money · Constellation Energy earnings · how Constellation Energy makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 21, 2026; 10-Q filed Aug 6, 2026). Fiscal quarters can end on different dates. Not investment advice.