Which has the lower trailing P/E, CEG or SO?

SO has the lower trailing P/E: CEG trades at 24.75 and SO at 20.66. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, CEG or SO?

Over the past five years, CEG grew revenue faster — CEG at a 10.83% CAGR versus SO at 6.68%.

Does CEG or SO pay a bigger dividend?

CEG yields 0.59% and SO yields 3.44% based on trailing dividends and the latest price.

Is CEG or SO more profitable?

SO runs the higher net margin — CEG at 11.12% versus SO at 15.43%.

Constellation Energy Corporation (CEG) vs The Southern Company (SO)

A side-by-side comparison of Constellation Energy Corporation and The Southern Company across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.

CEG

Constellation Energy Corporation

$91.47B

$254.71UtilitiesDelayed quote: Sep 18, 2026, 4:00 PM EDT

The Southern Company

$98.38B

$85.52UtilitiesDelayed quote: Sep 18, 2026, 4:00 PM EDT

Total return — CEG vs SO

growth of $100 · dividends reinvested · last 5y

CEG +604.3% (+47.8%/yr)SO +51.4% (+8.6%/yr)CEG compounded faster over this window

CEG SO

CEG vs SO: by the numbers

•SO is the larger company ($98.38B vs $91.47B market cap).
•SO trades at the lower trailing earnings multiple (20.66 vs 24.75 P/E), one valuation lens rather than an overall verdict.
•SO converts more revenue to profit (15.43% vs 11.12% net margin).
•CEG grew revenue faster over the past five years (10.83% vs 6.68% CAGR).
•SO pays the higher dividend yield (3.44% vs 0.59%).

Metrics side by side

Valuation

Metric	CEG	SO
P/E ratio	24.75	20.66
Forward P/E	21.15	18.63
P/S ratio	2.92	3.26
P/B ratio	2.86	2.49
EV / EBITDA	15.94	12.93
FCF yield	0.34%	N/A

Profitability

Metric	CEG	SO
Gross margin	75.83%	29.81%
Operating margin	14.65%	24.19%
Net margin	11.12%	15.43%
ROE	10.88%	11.77%
ROIC	3.42%	4.15%

Dividends

Metric	CEG	SO
Dividend yield	0.59%	3.44%
Payout ratio	16.20%	72.46%

Growth (annualized)

Metric	CEG	SO
Revenue CAGR (5Y)	10.83%	6.68%
EPS CAGR (5Y)	32.64%	5.96%
FCF CAGR (5Y)	3.83%	N/A
Total return CAGR (5Y)	N/A	9.56%

Frequently asked

Which has the lower trailing P/E, CEG or SO?: SO has the lower trailing P/E: CEG trades at 24.75 and SO at 20.66. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, CEG or SO?: Over the past five years, CEG grew revenue faster — CEG at a 10.83% CAGR versus SO at 6.68%.
Does CEG or SO pay a bigger dividend?: CEG yields 0.59% and SO yields 3.44% based on trailing dividends and the latest price.
Is CEG or SO more profitable?: SO runs the higher net margin — CEG at 11.12% versus SO at 15.43%.

Go deeper

Full CEG analysis Full SO analysis Interactive comparison tool

Dig into the metrics

Constellation Energy P/E ratio Southern P/E ratio Constellation Energy dividend yield Southern dividend yield Constellation Energy ROE Southern ROE Constellation Energy operating margin Southern operating margin Constellation Energy revenue growth Southern revenue growth Constellation Energy free cash flow Southern free cash flow

Constellation Energy & Southern appear in these rankings

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Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 13, 2026.