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