Constellation Energy Corporatio — Earnings Quality Grade F
CEG · Utilities
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 51 days, change +3 days YoY
AR outpaced revenue for 2 consecutive years
Revenue 8.3%, CFFO 272.0%. Cash follows revenue
Expense Quality
Inventory 8.5% vs COGS 18.6%. Normal
CapEx growth 15.0% vs revenue 8.3%. Normal
Insufficient data
Gross margin swung -7.0pp (25.4% → 18.4%)
Cash Flow Quality
CFFO/NI = 1.83. Profits backed by cash
FCF < 50% of Net Income for 2 years
Accruals ratio = -3.4%. Low accruals
Cash $3.6B covers only 40% of debt $9.0B
Balance Sheet Health
Goodwill+Intangibles $0.4B = 3% of equity. Manageable
Debt/EBITDA = 1.5x. Healthy
Other assets 10.2% vs revenue 8.3%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions negative for 2/3 years
Goodwill+Intangibles change 0% YoY. Normal
Manipulation Score
Insufficient data
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-08