Constellation Energy vs Duke Energy
Duke Energy reported revenue of $31.7 billion in fiscal 2025, 1.2 times Constellation Energy's $25.5 billion in fiscal 2025. Constellation Energy's revenue grew 8.3% in its latest year, and Duke Energy's grew 5.6%. Constellation Energy had an operating margin of 12.1%, against 27.2% at Duke Energy. Free cash flow was $1.3 billion at Constellation Energy and −$1.7 billion at Duke Energy.
Side by side
| Constellation Energy | Duke Energy | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $25.5B | $31.7B |
| Revenue growth | 8.3% | 5.6% |
| Revenue growth a year, last 5 years | 7.7% | 6.4% |
| Gross margin | — | — |
| Operating margin | 12.1% | 27.2% |
| Net margin | 9.1% | 15.7% |
| Free cash flow | $1.3B | −$1.7B |
| Free cash flow margin | 5.0% | −5.3% |
| Return on capital | 10.4% | 5.5% |
| Net debt to EBITDA | 0.9x | 5.5x |
| Dividends and buybacks | $886M | $3.3B |
| Change in diluted share count | −0.3% | 0.7% |
| Last close | $252.48 | $124.44 |
| P/E at the last close | 24.6× | 19.1× |
| Insider trades, last 12 months | bought $417,930, sold $0 | sold $9.6 million |
| Piotroski F-score | 5 of 8 | 5 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Constellation EnergyDuke Energy
Operating margin
Percent of revenue
Constellation EnergyDuke Energy
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Constellation EnergyDuke Energy
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Constellation Energy and Duke Energy pages.