Constellation Energy vs NextEra Energy (CEG vs NEE)
Constellation Energy (CEG) vs NextEra Energy (NEE) in plain English: P/E, growth, margins, debt and dividend side by side, key differences and which fits each investor profile.
Constellation Energy (CEG) and NextEra Energy (NEE) compete in utilities and renewables. Here are Constellation Energy and NextEra Energy side by side with their real figures as of November 4, 2026: what sets them apart, which fits each kind of investor and the most common questions, without telling you whether to buy Constellation Energy or NextEra Energy.
Constellation Energy vs NextEra Energy: the figures
| Figure | Constellation Energy | NextEra Energy |
|---|---|---|
| Share price | $245.72 (November 4, 2026) | $88.45 (November 4, 2026) |
| Market cap | $87.1 billion | $185.5 billion |
| P/E (TTM) | 24.0x | 15.9x |
| Forward P/E | 18.3x | 20.2x |
| Revenue growth (quarter) | +23.0% | +1.6% |
| Net margin (TTM) | 11.1% | 40.4% |
| Net debt / EBITDA | 3.0x | 8.1x |
| Dividend yield | 0.65% | 2.96% |
| Beta | 1.13 | 0.60 |
Constellation Energy and NextEra Energy figures from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026; N/A means that Constellation Energy or NextEra Energy figure is not available, and we never estimate it.
3 key differences between Constellation Energy and NextEra Energy
- Profitability: for every 100 of sales, NextEra Energy keeps 40.4 as net profit and Constellation Energy keeps 11.1.
- Debt: NextEra Energy owes 8.1x its annual operating profit (EBITDA), while Constellation Energy owes 3.0x its EBITDA.
- Growth: Constellation Energy grew sales +23.0% year on year in its latest quarter, against +1.6% for NextEra Energy.
Constellation Energy or NextEra Energy: which fits your profile
- If you want growth: Constellation Energy is growing faster today, so it fits better with investors who put business growth first, usually accepting a higher P/E and a bumpier ride.
- If you want income (dividends): NextEra Energy pays the higher dividend relative to its price.
- If you prefer caution: Constellation Energy has less debt relative to its profit, which usually gives more room in a bad year.
- If price is what matters most to you: NextEra Energy trades on the lower P/E; check first whether that is an opportunity or a sign of a business that grows less.
Neither Constellation Energy nor NextEra Energy wins on everything, and owning both is also an option: spreading money across several companies or an index fund reduces what rides on each one.
How Constellation Energy and NextEra Energy make money
Constellation Energy (CEG)
Constellation Energy generates power mainly from nuclear plants, plus gas, hydro and renewables, selling it to businesses, households and U.S. wholesale markets. It reports regional segments such as Mid-Atlantic, Midwest, New York and ERCOT, and has signed long-term power deals with Microsoft and Meta to supply their data centers. Full Constellation Energy analysis.
NextEra Energy (NEE)
NextEra Energy has two businesses. Florida Power & Light, the larger, is a regulated utility that generates, transmits and sells electricity to Florida homes and businesses at approved rates. NextEra Energy Resources builds and runs wind, solar and battery projects across the U.S. and Canada, selling power under long-term contracts. Full NextEra Energy analysis.
Frequently asked questions: Constellation Energy vs NextEra Energy
Is Constellation Energy or NextEra Energy the better stock?
Choosing between Constellation Energy and NextEra Energy depends on what you are looking for. Constellation Energy is growing faster right now, and NextEra Energy trades on the lower P/E. Fintols does not tell you whether to buy Constellation Energy or NextEra Energy: it shows you the differences so you can decide.
Which pays a higher dividend, Constellation Energy or NextEra Energy?
As of November 4, 2026, NextEra Energy yields 2.96% and Constellation Energy yields 0.65%. Also check how much of their profit Constellation Energy and NextEra Energy pay out: if it is more than they earn, it cannot last.
Which is more expensive, Constellation Energy or NextEra Energy?
On P/E, Constellation Energy (24.0x) is more expensive than NextEra Energy (15.9x) as of November 4, 2026. A higher P/E can be justified if earnings grow faster, so compare it with each company's growth in the table.
Can I own both Constellation Energy and NextEra Energy?
Yes. Many people spread their money across several companies, such as Constellation Energy and NextEra Energy, or use index funds so they do not depend on just one. If you are starting out, decide how much you want to invest and for how long before buying Constellation Energy or NextEra Energy.
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More companies like Constellation Energy and NextEra Energy: utilities and renewables stocks. Educational content about Constellation Energy and NextEra Energy, not investment advice.