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%
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

Southern Company (The) (SO) EV/EBITDA

Alert me on EV/EBITDA

As of 16 October 2026, Southern Company (The) (SO) trades at a EV/EBITDA of 12.8×. Over the past ten years it has ranged from 8.0× (March 2020) to 18.3× (November 2017); the current reading is higher than 53% of that period. That is in line with the Utilities Regulated Electric industry median of 12.2× and in line with the Utilities sector median of 12.4×.

EV/EBITDA, daily

Embed this chart

Annual newest first

Period EV/EBITDA Change
FY2025 12.5× 0.99%
FY2024 12.4× (1.84%)
FY2023 12.6× (8.73%)
FY2022 13.8× (14.02%)
FY2021 16.1× 25.52%
FY2020 12.8× 29.43%
FY2019 9.9× (12.36%)
FY2018 11.3× (30.05%)
FY2017 16.1× 32.97%
FY2016 12.1× 18.18%

Quarterly newest first

Period EV/EBITDA Change
Jun 2026 13.1× (1.75%)
Mar 2026 13.4× 6.96%
Dec 2025 12.5× (4.77%)
Sep 2025 13.1× (0.47%)
42 more quarters

Against its own ten years

Low 8.0× High 18.3×
Ten-year median 12.6×
Current reading's percentile 53

EV/EBITDA against peers

Company EV/EBITDA
NGG National Grid Transco, PLC compare 4.2×
EXC Exelon Corporation compare 10.4×
DUK Duke Energy Corporation compare 10.8×
SO Southern Company (The) 12.8×
ETR Entergy Corporation compare 13.6×
AEP American Electric Power Company, Inc. compare 13.7×
XEL Xcel Energy Inc. compare 14.6×
D Dominion Energy Inc. compare 16.6×
NEE NextEra Energy, Inc. compare 17.3×
Utilities Regulated Electric industry median 12.2×
Utilities sector median 12.4×
Market median 11.0×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

More on SO