CEGConstellation Energy
Is it safe?
Forensics clean, with a caveat: a safe balance sheet and insiders buying, but big price swings.
Financially healthy, low distress risk Altman Z-score, a bankruptcy-risk model from five balance-sheet ratios.
Insiders were net buyers (+$418K, 90 days to Oct 8, 2026). SEC Form 4 filings: officers and directors must report their own trades within two business days.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -51% · now 26% below its 52-week high.
Unless marked, from SEC EDGAR, as of Dec 31, 2025.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can CEG take a bad year?
Constellation Energy carries $24.0B of net debt at 3.36× EBITDA: a load its earnings can carry.
Net debt · as at Q2 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 3.36×
Net debt / EBITDA · 1.12× a year ago · the load is going up
- Altman Z-score
- 2.25
Altman Z-score · grey zone, between 1.8 and 3
- Interest cover
- 5.87×
Interest cover · operating profit covers the interest bill several times over
Details›
- Total debtQ2 2026
- $24.7B
- Cash and short-term investments
- $697M
- Net debt
- $24.0B
- EBITDA, trailing twelve months
- $7.14B
- Operating profit, trailing twelve months
- $4.60B
- Debt / equity
- 0.77×
- Total debt / EBITDA
- 3.46×
- Annualised volatilitytwo years of daily moves
- 58%
- Worst drawdown on file
- −51%
- Below its 52-week high
- 26%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.