SOUTHERN CO
SO· NYSE, NYSE, NYSE, NYSE, NYSE, NYSE· Electric Services
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- -9.9%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +7.7%
We record prices for the companies we cover; SO is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 1.11B
- Revenue
- $29.6B
- Free cash flow
- -$2.9B
- Owner earnings
- –
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- 24.7%
- Net
- 14.7%
- Free cash flow
- -9.9%
- Owner earnings
- –
- Stock pay
- –
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- 12.1%
- ROE, 5 yr avg
- –
Growth (CAGR)
- Revenue, 3 yr
- 0.3%
- Revenue, 5 yr
- 7.7%
- Revenue, 9 yr
- 4.5%
- Diluted EPS, 3 yr
- 6.3%
- Diluted EPS, 5 yr
- 6.0%
- Diluted EPS, 9 yr
- 4.9%
- Free cash flow, 3 yr
- –
- Free cash flow, 5 yr
- –
- Free cash flow, 9 yr
- –
Financial health · FY2025
- Cash and investments
- $1.6B
- Total debt
- –
- Net cash
- –
- Debt/Equity
- –
- Debt/FCF
- –
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- 69.5%
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- 0.8%
Financials: ten years from the 10-Ks
Revenue
$29.6B
+4.5% a year over 9 years
FY2016FY2025
Margins
Operating24.7%Net14.7%
FY2025
FY2016FY2025
Free cash flow and owner earnings
Free cash flow-$2.9BOwner earnings–
FY2025
FY2016FY2025
Diluted shares
1.11B
+15.8% over 9 years, net dilution
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $19.9B | $23.0B | $23.5B | $21.4B | $20.4B | $23.1B | $29.3B | $25.3B | $26.7B | $29.6B |
| Revenue growth | 13.8% | 15.8% | 2.0% | -8.8% | -4.9% | 13.4% | 26.7% | -13.8% | 5.8% | 10.6% |
| Gross margin | – | – | – | – | – | – | – | – | – | – |
| Operating margin | 22.5% | 10.1% | 17.8% | 36.1% | 24.0% | 16.0% | 18.3% | 23.1% | 26.4% | 24.7% |
| Net income | – | – | – | – | – | – | – | $4.0B | $4.4B | $4.3B |
| Net margin | – | – | – | – | – | – | – | 15.7% | 16.5% | 14.7% |
| Diluted EPS | $2.55 | $0.84 | $2.17 | $4.50 | $2.93 | $2.24 | $3.26 | $3.62 | $3.99 | $3.92 |
| Return on invested capital? | – | – | – | – | – | – | – | – | – | – |
| Cash | ||||||||||
| Operating cash flow | $4.9B | $6.4B | $6.9B | $5.8B | $6.7B | $6.2B | $6.3B | $7.6B | $9.8B | $9.8B |
| Capital expenditure | $7.3B | $7.4B | $8.0B | $7.6B | $7.5B | $7.6B | $7.9B | $9.1B | $9.0B | $12.7B |
| Free cash flow | -$2.4B | -$1.0B | -$1.1B | -$1.8B | -$826.0M | -$1.4B | -$1.6B | -$1.5B | $833.0M | -$2.9B |
| Stock-based compensation | $3.0M | – | – | – | – | – | – | – | – | – |
| Owner earnings? | -$2.4B | – | – | – | – | – | – | – | – | – |
| Free cash flow per share | $-2.52 | $-1.02 | $-1.03 | $-1.68 | $-0.78 | $-1.33 | $-1.50 | $-1.40 | $0.76 | $-2.65 |
| Capital allocation | ||||||||||
| Dividends paid | $2.1B | $2.3B | $2.4B | $2.6B | $2.7B | $2.8B | $2.9B | $3.0B | $3.0B | $3.0B |
| Share repurchases | $0 | $0 | – | – | – | – | – | – | – | – |
| Diluted shares | 958.0M | 1.01B | 1.02B | 1.05B | 1.06B | 1.07B | 1.08B | 1.10B | 1.10B | 1.11B |
| Share count change? | 4.8% | 5.2% | 1.7% | 2.8% | 1.0% | 0.3% | 1.2% | 1.6% | 0.4% | 0.6% |
| Balance sheet | ||||||||||
| Cash and equivalents | $2.0B | $2.1B | $1.4B | $2.0B | $1.1B | $1.8B | $1.9B | $748.0M | $1.1B | $1.6B |
| Short-term investments | – | – | – | – | – | – | – | – | – | – |
| Total debt | – | – | – | – | – | – | – | – | – | – |
| Net debt | – | – | – | – | – | – | – | – | – | – |
| Shareholders' equity | $24.8B | $24.2B | $24.7B | $27.5B | $28.0B | $27.9B | $30.4B | $31.4B | $33.2B | $36.0B |
Latest filings
| 2026-07-30 | 8-K | Earnings release |
| 2026-07-30 | 10-Q | Quarterly report |
| 2026-04-30 | 8-K | Earnings release |
| 2026-04-30 | 10-Q | Quarterly report |
| 2026-04-03 | DEF 14A | Proxy statement |
| 2026-02-19 | 8-K | Earnings release |
| 2026-02-19 | 10-K | Annual report |
| 2025-10-30 | 8-K | Earnings release |
| 2025-10-30 | 10-Q | Quarterly report |
| 2025-07-31 | 8-K | Earnings release |
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