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.

Revenue
+13.0%
EPS
+14.2%
Free cash flow
+362.1%
Total debt
+1.32%

Quarter to September 2026, against a year earlier

93.28 0.16 +0.17%
Market cap
$107.4B
P/E
21.2×
Fwd P/E
21.3×
Dividend yield
3.22%
F-score
4/9
Altman Z
0.93
Beneish M
−2.63
Dividend safety
32/100

Southern Company (The) (SO) Gross margin

Alert me on Gross margin

Southern Company (The)'s gross margin over the twelve months to 30 September 2026 was 0.00%, down 72.4 percentage points from fiscal 2025 (72.4%). Over the past ten years it has ranged from 59.6% (fiscal 2022) to 75.1% (fiscal 2020); the current reading is higher than 82% of that period. That is below the Utilities Regulated Electric industry median of 62.0% and below the Utilities sector median of 58.0%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 72.4% (2.01)
FY2024 74.4% 3.90
FY2023 70.5% 10.89
FY2022 59.6% (10.27)
FY2021 69.9% (5.27)
FY2020 75.1% 4.05
FY2019 71.1% 4.94
FY2018 66.2% (1.82)
FY2017 68.0% (1.95)
FY2016 69.9% 0.77

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 0.00% (75.71)
Jun 2026 75.7% 9.56
Mar 2026 66.2% (4.15)
Dec 2025 70.3% (5.72)
43 more quarters

Against its own ten years

Low 59.6% High 75.1%
Ten-year median 69.9%
Current reading's percentile 82

Gross margin against peers

Company Gross margin
NEE NextEra Energy, Inc. compare 80.7%
ETR Entergy Corporation compare 71.2%
AEP American Electric Power Company, Inc. compare 68.4%
XEL Xcel Energy Inc. compare 68.4%
D Dominion Energy Inc. compare 66.9%
EXC Exelon Corporation compare 63.5%
NGG National Grid Transco, PLC compare 18.7%
SO Southern Company (The) 0.00%
DUK Duke Energy Corporation compare 0.00%
Utilities Regulated Electric industry median 62.0%
Utilities sector median 58.0%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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