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Constellation

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A supplier of energy products and services to wholesale and retail electric and natural gas customers

Baltimore, United StatesFounded 1816Energy
Valuation $101B Market cap · 2026
Revenue $35B Latest reported FY
EBITDA $6.26B Latest reported FY

About Constellation

Constellation is a leading energy solutions provider that specializes in delivering customized electricity and natural gas plans to residential, commercial, and industrial clients. Operating primarily in the energy market, Constellation offers a range of services including energy efficiency upgrades, smart home services, and comprehensive energy management strategies. The company generates revenue through the sale of energy plans, energy efficiency services, and smart home products. By leveraging its expertise in energy management, Constellation helps clients optimize their energy usage, reduce costs, and enhance sustainability.

Source: Dealroom company data

At a glance

Status
Listed
Founded
1816
Headquarters
Baltimore, United States
Listing
IPO 2022
Employees
13,585
Open positions
None listed
Dealroom signal
27.7/100
Industry
Energy
Sub-industry
Energy Providers
Sector
Energy, Wholesale, Supply Chain Management, Retail, Outside Tech, Oil & Gas
Business model
Manufacturing
Client focus
b2b
Investment activity
17 companies, latest Sep 2026
Capital deployed
$516M
Preferred round
ACQUISITION

Funding history

7 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SECONDARY✓Other financing Jun 2026 $0 — Undisclosed ↗
POST IPO DEBT✓Debt Nov 2025 $1B — US Department of Energy ↗
Showing the latest 2 of 7 recorded eventsBook a demo for the full funding history →

Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowthEBITDAMarginProfitMargin
2026 $35B +38.9% $6.3B 17.7% $2.3B 6.5%
2025 $26B +8.3% $6.3B 24.5% $2.3B 9.1%
2024 $24B -5.4% $6.9B 29.5% $3.7B 15.9%
2023 $25B +2% $4.4B 17.8%
2022 $24B +24.4% $2.1B 8.7%
2021 $20B +11.6% $4.4B 22.2%
2020 $18B — $4.8B 27.4%
Company filings, research estimates and Dealroom dataBook a demo for the full financial model →

Growth signals

Constellation website traffic

Latest recorded traffic for Constellation is 460K monthly website visits, up 12.2% over the last three months. Constellation's team grew 303.8% over the past year.

Latest monthly visits460K 3-month web change+12.2% 1-year team growth+303.8%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

FluxniumSanta Monica, United StatesUranium extraction from seawater using polymer fibers. $28Mvaluation DISA TechnologiesMills, United StatesInnovative minerals liberation solutions optimizing resource use and disrupting mining and remediation practices $132Mvaluation Tandem PVFremont, United StatesTandem perovskite panels techjnology $200Mvaluation CalpineHouston, United StatesAmerica’s largest generator of electricity from natural gas and geothermal resources Hall of Fame Resort & EntertainmentCanton, United StatesA leading sports, entertainment, and media enterprise $270Mvaluation LevelTen EnergySeattle, United StatesSafest, most cost-effective way for c&i customers to purchase renewable energy $260Mvaluation Constellation NavigatorBaltimore, United StatesPersonalized, localized, and standardized climate action platform $6Mvaluation BRITE Energy InnovatorsWarren, United StatesFlexible office and meeting spaces dedicated to powering your work VoltServerWarwick, United StatesVoltServer :: Creators of Digital Electricity $70Mvaluation NET PowerDurham, United StatesClean energy technology using the Allam-Fetvedt Cycle to generate power from natural gas with near-zero emissions. −$154Mvaluation PFMG SolarHuntington Beach, United StatesHighly productive, extremely cost effective solar power systems that are good for the environment ChargePointCampbell, United StatesElectric vehicle (EV) charging network with over 28,000 places to charge $398Mvaluation

Investors

5 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • US Department of Energy

Series B and later1 investor entered at this stage

  • JP Morgan

Other known investors3 additional known investors

  • Exelon
  • Aster Capital
  • Escalate Capital Partners
Team profiled 128 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · Baltimore HQ
Book a demo for the full country breakdown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Constellation on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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