Constellation Energy
Constellation Energy returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | 8.13% | 6.96% | 0.46% | 15.26% | 4.58% | 3.7 pp |
| FY 2026 Q1 | Mar 31, 2026 | 9.11% | 7.68% | 0.39% | 16.33% | 5.08% | 4.7 pp |
| FY 2025 Q4 | Dec 31, 2025 | 10.44% | 6.47% | -122.62% | 16.75% | 4.21% | 6 pp |
| FY 2025 Q3 | Sep 30, 2025 | 13.13% | 7.28% | 46% | 20.35% | 5.07% | 8.7 pp |
| FY 2025 Q2 | Jun 30, 2025 | 14.46% | 8.32% | — | 24.2% | 5.77% | 10.1 pp |
| FY 2025 Q1 | Mar 31, 2025 | 16.14% | 8.69% | — | 24.71% | 5.72% | 11.7 pp |
| FY 2024 Q4 | Dec 31, 2024 | 18.44% | 9.62% | — | 31.12% | 7.23% | 14 pp |
| FY 2024 Q3 | Sep 30, 2024 | 13.14% | 7.36% | 113.39% | 23.6% | 5.67% | 8.7 pp |
| FY 2024 Q2 | Jun 30, 2024 | 11.09% | 6.5% | 90.97% | 21.08% | 4.88% | 6.7 pp |
| FY 2024 Q1 | Mar 31, 2024 | 9.02% | 5.54% | — | 21.98% | 4.91% | 4.6 pp |
| FY 2023 Q4 | Dec 31, 2023 | 5.66% | 3.86% | — | 14.79% | 3.32% | 1.3 pp |
| FY 2023 Q3 | Sep 30, 2023 | 6.06% | 3.65% | — | 15.08% | 3.54% | 1.7 pp |
| FY 2023 Q2 | Jun 30, 2023 | 1.79% | 1.21% | — | 6.96% | 1.69% | -2.6 pp |
| FY 2023 Q1 | Mar 31, 2023 | — | 0.22% | — | -1.55% | -0.36% | — |
| FY 2022 Q4 | Dec 31, 2022 | — | — | — | — | — | — |
| FY 2022 Q3 | Sep 30, 2022 | — | — | — | — | — | — |
| FY 2022 Q2 | Jun 30, 2022 | — | — | — | — | — | — |
| FY 2022 Q1 | Mar 31, 2022 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 4.4%, rounded from the Utility · General benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · CEG, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.