Is CEG or XEL cheaper?

On trailing earnings, XEL is cheaper: CEG trades at a 23.81 P/E and XEL at 22.12.

Which has grown faster, CEG or XEL?

Over the past five years, CEG grew revenue faster — CEG at a 10.14% CAGR versus XEL at 3.82%.

Does CEG or XEL pay a bigger dividend?

CEG yields 0.59% and XEL yields 3.00% based on trailing dividends and the latest price.

Is CEG or XEL more profitable?

XEL runs the higher net margin — CEG at 12.74% versus XEL at 14.14%.

Constellation Energy Corporation (CEG) vs Xcel Energy Inc. (XEL)

CEG and XEL are evenly matched — 7 metrics each of 14.

A side-by-side comparison of Constellation Energy Corporation and Xcel Energy Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 21, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

CEG

Constellation Energy Corporation

Total return — CEG vs XEL

growth of $100 · last 4y

CEG +552.5%XEL +13.6%CEG compounded faster

Log scale — wide-divergence pair

CEG XEL

CEG vs XEL: by the numbers

•CEG is the larger company ($98.42B vs $48.32B market cap).
•XEL trades at the lower earnings multiple (22.12 vs 23.81 P/E).
•XEL converts more revenue to profit (14.14% vs 12.74% net margin).
•CEG grew revenue faster over the past five years (10.14% vs 3.82% CAGR).
•XEL pays the higher dividend yield (3.00% vs 0.59%).

Which is better, CEG or XEL?

Metric tally: CEG 7 · XEL 7

It depends on what you're optimizing for:

ValueXEL(lower P/E)

GrowthCEG(faster 5Y revenue CAGR)

IncomeXEL(higher dividend yield)

QualityCEG(higher ROIC)

Metrics side by side

Valuation

Metric	CEG	XEL
P/E ratio	23.81	22.12●
Forward P/E	20.27	17.06●
P/S ratio	3.25	3.28
P/B ratio	2.90	2.04●
PEG ratio	0.73●	5.27
EV / EBITDA	14.34	13.82●
FCF yield	1.17%	—

Profitability

Metric	CEG	XEL
Gross margin	77.92%●	18.91%
Operating margin	16.58%	19.85%●
Net margin	12.74%	14.14%●
ROE	11.36%●	8.78%
ROIC	4.00%●	3.77%

Dividends

Metric	CEG	XEL
Dividend yield	0.59%	3.00%●
Payout ratio	22.01%	67.59%

Growth (annualized)

Metric	CEG	XEL
Revenue CAGR (5Y)	10.14%●	3.82%
EPS CAGR (5Y)	32.64%●	4.20%
FCF CAGR (5Y)	5.38%●	-15.80%
Total return CAGR (5Y)	—	6.39%

Frequently asked

Which is better, CEG or XEL?: It depends on your goal. value: XEL (lower P/E); growth: CEG (faster 5Y revenue CAGR); income: XEL (higher dividend yield); quality: CEG (higher ROIC). Across all compared metrics, they are evenly matched.
Is CEG or XEL cheaper?: On trailing earnings, XEL is cheaper: CEG trades at a 23.81 P/E and XEL at 22.12.
Which has grown faster, CEG or XEL?: Over the past five years, CEG grew revenue faster — CEG at a 10.14% CAGR versus XEL at 3.82%.
Does CEG or XEL pay a bigger dividend?: CEG yields 0.59% and XEL yields 3.00% based on trailing dividends and the latest price.
Is CEG or XEL more profitable?: XEL runs the higher net margin — CEG at 12.74% versus XEL at 14.14%.

Go deeper

Full CEG analysis Full XEL analysis Interactive comparison tool

Dig into the metrics

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

Constellation Energy & Xcel Energy appear in these rankings

Highest Dividend Yield Stocks

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 June 21, 2026.