Constellation Energy vs Southern
Southern is the larger business, with $29.55bn of revenue in fiscal 2025 against $25.53bn for Constellation Energy (1.2 times as much). Southern grew faster (10.6% against 8.3%). Southern kept more of each dollar of sales as profit: a net margin of 14.7% against 9.1%. Constellation Energy carries less debt relative to equity (62.4% against 201.6%).
| Latest fiscal year | Constellation EnergyCEG, 2025 | SouthernSO, 2025 |
|---|---|---|
| Revenue | $25.53bn | $29.55bn |
| Revenue growth | 8.3% | 10.6% |
| Net income | $2.32bn | $4.34bn |
| Operating margin | 12.1% | 24.7% |
| Net margin | 9.1% | 14.7% |
| Return on equity | 16.8% | 12.5% |
| Free cash flow | $1.29bn | −$2.94bn |
| Cash | $3.64bn | $1.64bn |
| Total debt | $9.05bn | $72.59bn |
| Debt to equity | 62.4% | 201.6% |
| Dividend per share | — | $2.94 |
| Dividend yield | 0.6% | 2.9% |
| Share buybacks | $400m | — |
| Employees | 14,264 | — |
| Market value | $93.51bn | $106.90bn |
| Price vs our value range | — | — |
| Moat score | 17 (Weak) | 36 (Weak) |
| Insider trades, 12 months | 1 buys, 0 sales | 0 buys, 13 sales |