stockrowSouthern 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.
- Revenue
- +13.0%
- EPS
- +14.2%
- Free cash flow
- +362.1%
- Total debt
- +1.32%
Quarter to September 2026, against a year earlier
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Southern Company (The) (SO) Debt to equity
Southern Company (The)'s debt to equity at the end of the quarter to 30 September 2026 was 1.6×, down 0.2× from fiscal 2025 (1.8×). Over the past ten years it has ranged from 1.2× (fiscal 2015) to 1.9× (fiscal 2017); the current reading is higher than 91% of that period. That is above the Utilities Regulated Electric industry median of 1.5× and above the Utilities sector median of 1.2×.
Debt to equity, annual
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Annual newest first
| Period | Debt to equity | Change |
|---|---|---|
| FY2025 | 1.8× | 6.82% |
| FY2024 | 1.7× | 2.17% |
| FY2023 | 1.7× | 6.50% |
| FY2022 | 1.6× | (0.88%) |
| FY2021 | 1.6× | 7.47% |
| FY2020 | 1.5× | 6.88% |
| FY2019 | 1.4× | (6.71%) |
| FY2018 | 1.5× | (19.92%) |
| FY2017 | 1.9× | 10.57% |
| FY2016 | 1.7× | 36.63% |
Quarterly newest first
| Period | Debt to equity | Change |
|---|---|---|
| Sep 2026 | 1.6× | (5.94%) |
| Jun 2026 | 1.7× | (4.96%) |
| Mar 2026 | 1.8× | (1.29%) |
| Dec 2025 | 1.8× | (1.93%) |
| 43 more quarters | Free account |
Against its own ten years
Debt to equity against peers
| Company | Debt to equity |
|---|---|
| NGG National Grid Transco, PLC compare | 1.2× |
| NEE NextEra Energy, Inc. compare | 1.6× |
| DUK Duke Energy Corporation compare | 1.6× |
| D Dominion Energy Inc. compare | 1.6× |
| XEL Xcel Energy Inc. compare | 1.6× |
| AEP American Electric Power Company, Inc. compare | 1.6× |
| SO Southern Company (The) | 1.6× |
| EXC Exelon Corporation compare | 1.7× |
| ETR Entergy Corporation compare | 1.7× |
| Utilities Regulated Electric industry median | 1.5× |
| Utilities sector median | 1.2× |
| Market median | 0.1× |
What Debt to equity is
Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.
(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)
More on SO
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement