Saturday 17 October 2026 Export SO’s income statement to Excel — free account

Southern Company (The)

SO Utilities Utilities Regulated Electric

Southern Company (The)’s revenue for fiscal 2025 (year ended December 2025) was $29.6 billion, up 10.6% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS grew 28.8%, free cash flow grew 23.5% and total debt rose 7.46%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, operating cash flow growth for three.

91.18 2.00 +2.24%

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Market cap: $102.6B
P/E: 21.9×
Fwd P/E: 20.8×
Dividend yield: 3.29%
F-score: 4/9
Altman Z: 0.93
Beneish M: −2.63
Dividend safety: 32/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	18.93	56.15	20.05	14.00	20.82	30.35	21.85	19.46	20.48	22.13
Piotroski F-Score Full definition →	5	4	5	7	4	5	6	6	7	4
P/S ratio Full definition →	2.34	2.05	1.91	3.11	3.19	3.15	2.64	3.06	3.38	3.25
Altman Z-Score Full definition →	0.75	0.69	0.68	0.96	0.82	0.84	0.88	0.86	0.93	0.93
Altman Z″-Score (non-manufacturers) Full definition →	0.73	0.51	0.57	0.97	0.76	0.73	0.65	0.79	0.75	0.72
P/FCF ratio Full definition →	0.00	0.00	23.58	19.90	291.45	0.00	0.00	0.00	75.06	0.00
Beneish M-Score Full definition →	(1.69)	(2.71)	(2.48)	(2.70)	(2.71)	(2.70)	(2.28)	(2.80)	(2.61)	(2.63)
P/Operating CF Full definition →	77.99	41.27	32.92	74.03	44.03	66.88	60.15	42.67	41.52	37.04
Dividend Safety Score Full definition →	—	—	—	—	—	—	—	—	—	32
P/B ratio Full definition →	1.88	1.85	1.54	2.10	2.02	2.25	2.24	2.20	2.46	2.47
Price to Tangible BV Full definition →	2.66	2.57	1.94	2.57	2.46	2.74	2.67	2.61	2.89	2.88
EV/Sales Full definition →	4.52	4.06	3.72	5.11	5.52	5.33	4.45	5.40	5.71	5.63
EV/EBITDA Full definition →	12.13	16.13	11.28	9.89	12.80	16.07	13.81	12.61	12.38	12.50
EV/Operating CF Full definition →	18.36	14.61	12.58	18.93	16.80	19.98	20.68	18.05	15.59	16.98
EV/FCF Full definition →	(37.43)	(100.21)	45.97	32.69	504.52	(246.48)	(96.82)	(98.92)	126.99	(56.72)
Quick Ratio Full definition →	0.39	0.38	0.33	0.38	0.31	0.37	0.29	0.24	0.24	0.26
Current Ratio Full definition →	0.75	0.74	0.67	0.78	0.71	0.82	0.66	0.77	0.67	0.65
Net Debt/EBITDA Full definition →	5.84	7.98	5.50	3.87	5.41	6.58	5.62	5.45	5.06	5.27
Debt/Assets Full definition →	41.22%	43.56%	37.58%	37.73%	39.52%	40.99%	40.73%	42.84%	43.73%	46.15%
Debt/Equity Full definition →	1.69	1.87	1.50	1.40	1.49	1.61	1.59	1.69	1.73	1.85
Asset Turnover Full definition →	0.21	0.21	0.21	0.18	0.17	0.18	0.22	0.18	0.19	0.20
Operating CF/Net income Full definition →	2.00	7.59	3.12	1.22	2.15	2.58	1.79	1.90	2.22	2.26
Capex/Depreciation Full definition →	(2.50)	(2.12)	(1.42)	(0.73)	(1.66)	(1.68)	(1.88)	(1.79)	(1.63)	(2.11)
Interest Coverage Full definition →	3.41	1.38	2.28	4.46	2.68	2.01	2.66	2.38	2.58	2.25
ROE Full definition →	10.80%	3.35%	8.16%	15.59%	9.75%	7.42%	10.55%	11.40%	12.24%	11.49%
ROA Full definition →	2.60%	0.76%	1.95%	4.02%	2.58%	1.91%	2.69%	2.90%	3.09%	2.89%
ROIC Full definition →	4.01%	2.02%	3.64%	6.46%	3.81%	2.78%	3.83%	3.87%	4.46%	4.17%
Return on Tangible Assets Full definition →	3.25%	1.10%	2.93%	5.90%	3.71%	2.68%	3.95%	4.11%	4.43%	4.00%
Average Days of Receivables Full definition →	56.58	48.61	51.11	47.89	47.71	35.55	33.58	35.86	37.57	34.85
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	32.64%	30.35%	30.82%	32.00%	32.62%	31.12%	28.13%	29.50%	30.15%	29.11%
Intangible Assets out of Total Assets Full definition →	0.07	0.06	0.05	0.05	0.05	0.04	0.04	0.04	0.04	0.04
Share Based Compensation of Revenue Full definition →	0.61%	0.47%	0.53%	0.50%	0.55%	0.62%	0.43%	0.54%	0.49%	0.46%
Graham Net Nets Full definition →	(1.57)	(1.59)	(1.74)	(1.15)	(1.26)	(1.18)	(1.16)	(1.21)	(1.08)	(1.10)
Graham Number Full definition →	38.95	21.97	37.45	55.75	44.97	39.33	48.76	51.40	55.01	55.89
Earnings Yield Full definition →	5.28%	1.78%	4.99%	7.14%	4.80%	3.30%	4.58%	5.14%	4.88%	4.52%
Free Cash Flow Yield Full definition →	(5.15%)	(1.98%)	4.24%	5.02%	0.34%	(0.69%)	(1.74%)	(1.78%)	1.33%	(3.05%)
Revenue per Share Full definition →	20.92	23.03	23.03	20.48	19.26	21.78	27.24	23.13	24.38	26.79
Operating CF per Share Full definition →	5.15	6.39	6.81	5.53	6.33	5.81	5.86	6.92	8.93	8.89
Capex per Share Full definition →	(7.67)	(7.33)	(4.95)	(2.33)	(6.12)	(6.29)	(7.11)	(8.18)	(7.83)	(11.55)
Free Cash Flow per Share Full definition →	(2.52)	(0.93)	1.86	3.20	0.21	(0.47)	(1.25)	(1.26)	1.10	(2.66)
Cash per Share Full definition →	2.08	2.13	1.37	1.89	1.01	1.69	1.78	0.69	0.98	1.49
Shareholders Equity per Share Full definition →	28.11	25.85	28.75	30.64	30.74	30.69	32.12	32.26	33.46	35.24
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	28.11	25.85	28.75	30.64	30.74	30.69	32.12	32.26	33.46	35.24
Free Cash Flow Full definition →	(2,401.00)	(932.00)	1,900.00	3,348.00	223.00	(500.00)	(1,346.00)	(1,378.00)	1,202.00	(2,934.00)
Working Capital Full definition →	(3,195.00)	(3,522.00)	(4,703.00)	(2,729.00)	(3,462.00)	(1,956.00)	(5,308.00)	(3,035.00)	(5,299.00)	(5,971.00)
Capital Expenditures Full definition →	(7,295.00)	(7,326.00)	(5,045.00)	(2,433.00)	(6,473.00)	(6,669.00)	(7,648.00)	(8,931.00)	(8,586.00)	(12,736.00)
Net Current Asset Value Full definition →	(73,245.00)	(75,081.00)	(78,001.00)	(76,833.00)	(81,793.00)	(86,002.00)	(89,943.00)	(93,674.00)	(97,812.00)	(105,936.00)
EV/EBIT Full definition →	20.04	40.03	20.84	14.15	23.03	33.33	24.27	23.40	21.60	22.84
Capex to Sales Full definition →	0.37	0.32	0.21	0.11	0.32	0.29	0.26	0.35	0.32	0.43
Price to Operating Income Full definition →	10.40	20.22	10.69	8.61	13.30	19.68	14.39	13.28	12.77	13.20
Other line items
Depreciation/Fixed assets Full definition →	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.05	0.05	0.05
Cash ROIC Full definition →	(3.25%)	(1.22%)	2.54%	4.25%	0.27%	(0.58%)	(1.47%)	(1.44%)	1.19%	(2.61%)
Accounts Receivable Turnover Full definition →	8.52	7.49	7.39	7.02	7.45	9.41	11.84	9.76	10.22	10.61
Accounts Payable Turnover Full definition →	2.90	3.10	3.11	2.64	2.29	3.11	4.15	2.32	2.07	2.20
Inventory Turnover Full definition →	2.93	3.53	4.08	3.28	2.57	3.46	5.59	2.88	2.31	2.76
Average Days of Payables Full definition →	135.90	125.18	118.41	124.67	166.61	113.68	108.78	141.94	197.41	165.89
Days of Inventory on Hand Full definition →	131.20	100.54	85.82	112.53	146.14	104.46	69.09	143.61	159.00	131.32
Average Receivables Full definition →	2,335.50	3,075.50	3,178.50	3,050.00	2,736.50	2,457.00	2,472.50	2,587.50	2,616.00	2,786.50
Average Payables Full definition →	2,066.50	2,379.00	2,555.00	2,347.50	2,213.50	2,240.50	2,847.00	3,211.50	3,299.50	3,705.50
Average Inventory Full definition →	2,040.00	2,091.50	1,951.00	1,889.50	1,968.50	2,010.50	2,116.00	2,585.50	2,956.50	2,959.00
Average Assets Full definition →	94,007.50	110,351.00	113,959.50	117,807.00	120,817.50	125,234.50	131,212.50	137,111.00	142,255.50	150,450.00
Average Common Equity Full definition →	22,675.00	25,143.00	27,283.50	30,399.00	31,996.50	32,255.00	33,404.00	34,878.50	35,949.50	37,770.50

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