Constellation Energy Corporation (CEG) vs Xcel Energy Inc. (XEL)
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 September 13, 2026. Differences are shown without an overall score or investment verdict.
CEG
Constellation Energy Corporation
$254.71UtilitiesDelayed quote: Sep 18, 2026, 4:00 PM EDT
XEL
Xcel Energy Inc.
$72.30UtilitiesDelayed quote: Sep 18, 2026, 4:00 PM EDT
Total return — CEG vs XEL
growth of $100 · dividends reinvested · last 5yCEG +639.7% (+49.2%/yr)XEL +27.5% (+5.0%/yr)CEG compounded faster over this window
Log scale — wide-divergence pair
CEG XEL
CEG vs XEL: by the numbers
- •CEG is the larger company ($91.47B vs $45.16B market cap).
- •XEL trades at the lower trailing earnings multiple (19.70 vs 24.75 P/E), one valuation lens rather than an overall verdict.
- •XEL converts more revenue to profit (15.28% vs 11.12% net margin).
- •CEG grew revenue faster over the past five years (10.83% vs 2.79% CAGR).
- •XEL pays the higher dividend yield (3.05% vs 0.59%).
Metrics side by side
Valuation
| Metric | CEG | XEL |
|---|---|---|
| P/E ratio | 24.75 | 19.70 |
| Forward P/E | 21.15 | 17.57 |
| P/S ratio | 2.92 | 3.09 |
| P/B ratio | 2.86 | 1.88 |
| EV / EBITDA | 15.94 | 13.65 |
| FCF yield | 0.34% | N/A |
Profitability
| Metric | CEG | XEL |
|---|---|---|
| Gross margin | 75.83% | 48.84% |
| Operating margin | 14.65% | 20.98% |
| Net margin | 11.12% | 15.28% |
| ROE | 10.88% | 9.28% |
| ROIC | 3.42% | 3.74% |
Dividends
| Metric | CEG | XEL |
|---|---|---|
| Dividend yield | 0.59% | 3.05% |
| Payout ratio | 16.20% | 63.35% |
Growth (annualized)
| Metric | CEG | XEL |
|---|---|---|
| Revenue CAGR (5Y) | 10.83% | 2.79% |
| EPS CAGR (5Y) | 32.64% | 4.20% |
| FCF CAGR (5Y) | 3.83% | -15.80% |
| Total return CAGR (5Y) | N/A | 5.22% |
Frequently asked
- Which has the lower trailing P/E, CEG or XEL?
- XEL has the lower trailing P/E: CEG trades at 24.75 and XEL at 19.70. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, CEG or XEL?
- Over the past five years, CEG grew revenue faster — CEG at a 10.83% CAGR versus XEL at 2.79%.
- Does CEG or XEL pay a bigger dividend?
- CEG yields 0.59% and XEL yields 3.05% based on trailing dividends and the latest price.
- Is CEG or XEL more profitable?
- XEL runs the higher net margin — CEG at 11.12% versus XEL at 15.28%.
Go deeper
Dig into the metrics
Constellation Energy P/E ratioXcel Energy P/E ratioConstellation Energy dividend yieldXcel Energy dividend yieldConstellation Energy ROEXcel Energy ROEConstellation Energy operating marginXcel Energy operating marginConstellation Energy revenue growthXcel Energy revenue growthConstellation Energy free cash flowXcel Energy free cash flow
Constellation Energy & Xcel Energy appear in these rankings
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.