SO · Southern Co
$93.10
-0.15 (-0.16%)
At close · Aug 5
Market Cap
$104.95B
Shares
1.13B
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Revenue
$29.55B
+10.6%
FY2025
Net Income
$4.34B
-1.4%
FY2025
Operating Margin
24.65%
-1.8pp
FY2025
Diluted EPS
$3.92
-1.8%
FY2025
Operating Cash Flow
$9.8B
+0.1%
FY2025
Chart any reported metric, KPI or segment over time — the full statement history lives here
Search above to add metrics — fundamentals, product and segment revenue, company KPIs, valuation.
| Line Item | FY2026 (G) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 | FY2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| — | $30.18B | $29.55B | $26.72B | $25.25B | $29.28B | $23.11B | $20.38B | $21.42B | $23.5B | $23.03B | $19.9B | $17.49B | $18.47B | $17.09B | $16.54B | $17.66B | $17.46B | $15.74B | $17.13B | $15.35B | |
| — | $574M | $576M | $577M | $594M | $650M | $667M | $643M | $685M | — | — | — | — | — | — | — | — | — | — | — | — | |
| — | $31M | $32M | $35M | $38M | $39M | $44M | $49M | $61M | $89M | $124M | $50M | $3M | $3M | — | — | — | — | — | — | — | |
| — | — | $6.03B | $5.27B | $4.99B | $4.06B | $3.97B | $3.91B | $3.33B | $3.55B | $3.46B | $2.92B | $2.4B | $2.29B | $2.3B | $2.15B | $2.05B | $1.83B | $1.79B | $1.7B | $1.49B | |
| — | $22.88B | $22.27B | $19.66B | $19.43B | $23.91B | $19.42B | $15.49B | $13.68B | $19.3B | $20.7B | $15.41B | $13.21B | $14.83B | $13.83B | $12.07B | $13.43B | $13.65B | $12.48B | $13.62B | $12.03B | |
| — | $7.29B | $7.29B | $7.07B | $5.83B | $5.37B | $3.7B | $4.89B | $7.74B | $4.19B | $2.33B | $4.49B | $4.28B | $3.64B | $3.26B | $4.46B | $4.23B | $3.8B | $3.27B | $3.51B | $3.33B | |
| — | — | 24.65% | 26.45% | 23.07% | 18.34% | 16% | 23.98% | 36.12% | 17.84% | 10.13% | 22.55% | 24.48% | 19.72% | 19.05% | 26.99% | 23.96% | 21.78% | 20.76% | 20.47% | 21.66% | |
| — | — | $13.32B | $12.33B | $10.81B | $9.43B | $7.67B | $8.79B | $11.07B | $7.74B | $5.79B | $7.41B | $6.68B | $5.94B | $5.55B | $6.61B | $6.28B | $5.63B | $5.06B | $5.21B | $4.81B | |
| — | -$2.28B | -$2.29B | -$1.84B | -$1.48B | -$1.15B | -$1.12B | -$1.39B | -$1.19B | -$1.44B | -$1.27B | -$1.01B | -$653M | -$634M | -$696M | -$714M | -$744M | -$736M | -$664M | -$784M | -$709M | |
| — | $130M | $112M | $139M | $144M | $151M | $76M | $153M | $162M | $148M | $106M | $59M | $0 | $0 | — | — | — | — | -$1M | $11M | -$24M | |
| — | $5.02B | $5B | $5.23B | $4.35B | $4.22B | $2.58B | $3.5B | $6.54B | $2.75B | $1.07B | $3.48B | $3.63B | $3.01B | $2.56B | $3.75B | $3.49B | $3.07B | — | — | — | |
| — | $776M | $828M | $969M | $496M | $795M | $267M | $393M | $1.8B | $449M | $142M | $951M | $1.19B | $977M | $849M | $1.33B | $1.22B | $1.03B | $896M | $915M | $835M | |
| — | $4.39B | $4.34B | $4.4B | $3.98B | $3.43B | $2.31B | $3.1B | $4.74B | $2.3B | $926M | $2.53B | $2.44B | $2.03B | $1.71B | $2.42B | $2.27B | $2.04B | $1.71B | $1.81B | $1.78B | |
| — | — | 14.69% | 16.47% | 15.74% | 11.71% | 9.99% | 15.23% | 22.15% | 9.79% | 4.02% | 12.71% | 13.92% | 11% | 10.01% | 14.6% | 12.84% | 11.69% | 10.85% | 10.55% | 11.61% | |
| — | -$124M | -$170M | -$141M | -$127M | -$107M | -$99M | -$31M | -$10M | $58M | $46M | $36M | $14M | $0 | $0 | $65M | $65M | $65M | $65M | $65M | $48M | |
| — | $4.61B | — | $4.4B | $3.98B | $3.52B | $2.39B | $3.12B | $4.74B | $2.23B | $842M | $2.45B | $2.37B | $1.96B | $1.64B | $2.35B | $2.2B | $1.98B | $1.64B | $1.74B | $1.73B | |
| — | $4.37B | $4.34B | $4.5B | $3.97B | $3.6B | $2.55B | $3.04B | $4.62B | $2.25B | $833M | $2.4B | $2.37B | $1.91B | — | — | — | — | — | — | — | |
| USD/shares | — | — | $3.94 | $4.02 | $3.64 | $3.28 | $2.26 | $2.95 | $4.53 | $2.18 | $0.84 | $2.57 | $2.60 | $2.19 | $1.88 | $2.70 | $2.57 | $2.37 | $2.07 | $2.26 | $2.29 |
| USD/shares | $4.50 – $4.60* | — | $3.92G | $3.99 | $3.62 | $3.26 | $2.24 | $2.93 | $4.50 | $2.17 | $0.84 | $2.55 | $2.59 | $2.18 | $1.87 | $2.67 | $2.55 | $2.36 | $2.06 | $2.25 | $2.28 |
| shares | — | — | 1.1B | 1.1B | 1.09B | 1.08B | 1.06B | 1.06B | 1.05B | 1.02B | 1B | 951M | 910M | 897M | 877M | 871M | 857M | 832M | 795M | 771M | 756M |
| shares | — | — | 1.11B | 1.1B | 1.1B | 1.08B | 1.07B | 1.07B | 1.05B | 1.03B | 1.01B | 958M | 914M | 901M | 881M | 879M | 864M | 837M | 796M | 775M | 761M |
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing.
TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative. (G): the company's own guidance — a (G) column is a guided period not yet reported; a G marker shows how the reported figure landed against the guided range. Non-GAAP-basis guidance (*) is shown as stated and never judged against GAAP actuals.
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2007–FY2025: $570M in buybacks, $41B in dividends.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
EV/Revenue
—
Peer median 5.25×
EV/EBIT
—
Peer median 21.04×
P/E (TTM)
23.81×
Peer median 21.28×
Peer medians compare against the 23 similar-size Utilities - Regulated Electric companies (of 32 listed).
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Electric Utilities | $23,777,000,000 | $21,603,000,000 | $19,998,000,000 | $22,873,000,000 | $18,300,000,000 | $16,497,000,000 | $17,095,000,000 | $18,571,000,000 |
| Traditional Electric Operating Companies and Southern Power | $23,777,000,000 | $21,603,000,000 | $19,998,000,000 | $22,873,000,000 | $18,300,000,000 | $16,497,000,000 | — | — |
| Traditional Electric Operating Companies | $22,056,000,000 | $19,977,000,000 | $18,358,000,000 | $20,408,000,000 | $16,614,000,000 | $15,135,000,000 | — | — |
| Southern Company Gas | $5,044,000,000 | $4,456,000,000 | $4,702,000,000 | $5,962,000,000 | $4,380,000,000 | $3,434,000,000 | $3,792,000,000 | $3,909,000,000 |
| Southern Power | $2,198,000,000 | $2,014,000,000 | $2,189,000,000 | $3,369,000,000 | $2,216,000,000 | $1,733,000,000 | — | — |
| All Other Segments | — | — | — | — | — | — | $690,000,000 | $1,213,000,000 |
| Corporate And Other | — | — | $718,000,000 | $593,000,000 | $582,000,000 | $596,000,000 | $690,000,000 | $1,213,000,000 |
By Product & Service (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Retail Electric | $19,764,000,000 | $18,877,000,000 | $16,894,000,000 | $15,839,000,000 | $14,244,000,000 | $13,677,000,000 | $14,445,000,000 | $15,087,000,000 |
| Retail | $19,331,000,000 | $17,790,000,000 | $16,343,000,000 | $18,197,000,000 | $14,852,000,000 | $13,643,000,000 | $14,084,000,000 | $15,222,000,000 |
| Retail Electric Residential | $8,601,000,000 | $8,276,000,000 | $7,309,000,000 | $6,604,000,000 | $6,207,000,000 | $6,113,000,000 | $6,164,000,000 | $6,586,000,000 |
| Retail Electric Commercial | $6,995,000,000 | $6,585,000,000 | $5,860,000,000 | $5,369,000,000 | $4,877,000,000 | $4,699,000,000 | $5,065,000,000 | $5,255,000,000 |
| Natural Gas | $5,044,000,000 | $4,456,000,000 | $4,702,000,000 | $5,962,000,000 | $4,380,000,000 | $3,434,000,000 | — | — |
| Natural Gas Distribution | $4,454,000,000 | $3,815,000,000 | $4,039,000,000 | $5,218,000,000 | $3,625,000,000 | $2,888,000,000 | $2,989,000,000 | $3,175,000,000 |
| Retail Electric Industrial | $4,045,000,000 | $3,892,000,000 | $3,613,000,000 | $3,764,000,000 | $3,067,000,000 | $2,775,000,000 | $3,126,000,000 | $3,152,000,000 |
| Wholesale Electric | $2,941,000,000 | $2,431,000,000 | $2,467,000,000 | $3,641,000,000 | $2,455,000,000 | $1,945,000,000 | — | — |
| Wholesale Electric Revenues | $2,366,000,000 | $1,926,000,000 | $1,981,000,000 | $3,120,000,000 | $1,851,000,000 | $1,399,000,000 | $1,518,000,000 | $1,711,000,000 |
| Natural Gas Distribution Residential | $2,164,000,000 | $1,753,000,000 | $1,981,000,000 | $2,843,000,000 | $1,799,000,000 | $1,338,000,000 | $1,413,000,000 | $1,525,000,000 |
| Other Revenues | $1,777,000,000 | $1,621,000,000 | $1,355,000,000 | $1,077,000,000 | $1,075,000,000 | $982,000,000 | $1,035,000,000 | $1,529,000,000 |
| Wholesale Electric PPA Energy Revenues | $1,430,000,000 | $1,059,000,000 | $1,107,000,000 | $2,274,000,000 | $1,122,000,000 | $735,000,000 | $833,000,000 | $950,000,000 |
| Natural Gas Distribution Transportation | $1,424,000,000 | $1,295,000,000 | $1,184,000,000 | $1,186,000,000 | $1,038,000,000 | $971,000,000 | $907,000,000 | $944,000,000 |
| Product And Service Other | $1,284,000,000 | $1,151,000,000 | $949,000,000 | $732,000,000 | $708,000,000 | $681,000,000 | $755,000,000 | $1,239,000,000 |
| Other Electric Revenue | $953,000,000 | $896,000,000 | $792,000,000 | $747,000,000 | $718,000,000 | $672,000,000 | $636,000,000 | $664,000,000 |
| Wholesale Electric PPA Capacity Revenues | $637,000,000 | $641,000,000 | $624,000,000 | $596,000,000 | $493,000,000 | $454,000,000 | $453,000,000 | $498,000,000 |
| Other Natural Gas | $581,000,000 | $525,000,000 | $559,000,000 | $687,000,000 | $2,668,000,000 | $2,151,000,000 | $2,609,000,000 | $3,739,000,000 |
| Other Natural Gas Gas Marketing Services | $569,000,000 | $507,000,000 | $528,000,000 | $636,000,000 | $464,000,000 | $391,000,000 | $440,000,000 | $571,000,000 |
| Natural Gas Distribution Commercial | $527,000,000 | $417,000,000 | $505,000,000 | $763,000,000 | $470,000,000 | $340,000,000 | $389,000,000 | $436,000,000 |
| Wholesale Electric Non-PPA Revenues | $299,000,000 | $226,000,000 | $250,000,000 | $250,000,000 | $236,000,000 | $210,000,000 | $232,000,000 | $263,000,000 |
| Natural Gas Distribution Other | $295,000,000 | $316,000,000 | $324,000,000 | $342,000,000 | $269,000,000 | $209,000,000 | $245,000,000 | $230,000,000 |
| Retail Electric Other | $123,000,000 | $124,000,000 | $112,000,000 | $102,000,000 | $93,000,000 | $90,000,000 | $90,000,000 | $94,000,000 |
| Natural Gas Distribution Industrial | $44,000,000 | $34,000,000 | $45,000,000 | $84,000,000 | $49,000,000 | $30,000,000 | $35,000,000 | $40,000,000 |
| Other Natural Gas Other Natural Gas Revenues | $12,000,000 | $18,000,000 | $31,000,000 | $51,000,000 | $36,000,000 | $33,000,000 | $42,000,000 | $53,000,000 |
| Contracts with Customers | — | — | — | — | — | — | $22,596,000,000 | $25,241,000,000 |
| Electric Utilities | — | — | — | — | $18,300,000,000 | $16,497,000,000 | $17,095,000,000 | $18,571,000,000 |
| Other Adjustments | — | — | — | — | — | — | -$5,443,000,000 | -$6,854,000,000 |
| Other Natural Gas Gas Pipeline Investments | — | — | — | — | — | — | $32,000,000 | $32,000,000 |
| Other Natural Gas Wholesale Gas Services | — | — | — | — | $2,168,000,000 | $1,727,000,000 | $2,095,000,000 | $3,083,000,000 |
| Other Revenue Sources | — | — | — | — | — | — | $4,266,000,000 | $5,108,000,000 |
| Wholesale Non-Affiliates | — | — | — | — | $2,455,000,000 | $1,945,000,000 | $2,152,000,000 | $2,516,000,000 |
| Natural Gas Us Regulated | — | — | — | — | $4,380,000,000 | $3,434,000,000 | $3,792,000,000 | $3,854,000,000 |
Key facts
CIK
92122
CUSIP
842587107
13F (30d)
1377 filings
1345 filers
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