Constellation Energy (CEG) FY2024 results: revenue $23.6 billion, down 5.4% on the year
Constellation Energy Corp. (CEG) reported revenue of $23.6 billion for fiscal 2024, the year ended 31 December 2024, down 5.4% on the year before. Net income was $3.7 billion, up 131.0%, and diluted earnings per share $11.89. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2025.
Revenue
$23.6 billion
-5.4% on the year
FY2020FY2024
Operating margin
18.5%
6.5% a year earlier
FY2020FY2024
Net income
$3.7 billion
+131.0% on the year
FY2020FY2024
Diluted EPS
$11.89
+137.3% on the year
FY2020FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
-2,464
-5,301
-2,353
Capital expenditure
2,565
2,422
1,689
+5.9%
Free cash flow
-5,029
-7,723
-4,042
Free cash flow margin
-21.3%
-31.0%
-16.5%
Cash from investing
7,428
3,031
3,104
+145.1%
Cash from financing
-2,289
2,196
-799
Depreciation and amortisation
2,700
2,514
2,427
+7.4%
Share-based compensation
332
178
116
+86.5%
Buybacks
999
992
0.0
+0.7%
Dividends paid
444
366
185
+21.3%
Dividend per share
$0.35
$0.28
$0.14
+25.0%
Diluted shares, weighted
315m
324m
329m
-2.8%
Shares outstanding at period end
313m
317m
327m
-1.3%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
13,166
10,925
11,018
+20.5%
Non-controlling interest
373
361
354
+3.3%
Short-term borrowings
0.0
n/a
n/a
Debt
8,474
9,261
5,768
-8.5%
Operating lease liabilities
511
583
643
-12.3%
Other liabilities
30,402
29,628
29,126
+2.6%
Total liabilities and equity
52,926
50,758
46,909
+4.3%
Fixed assets
21,235
22,116
19,822
-4.0%
Goodwill
420
425
47.0
-1.2%
Intangible assets
236
336
343
-29.8%
Investments
640
563
202
+13.7%
Cash and equivalents
3,022
368
422
+721.2%
Receivables
3,718
1,934
2,585
+92.2%
Inventory
1,600
n/a
n/a
Other assets
22,055
25,016
23,488
-11.8%
Total assets
52,926
50,758
46,909
+4.3%
10-K for the year ended 31 December 2024, filed 18 February 2025: the filing.