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Friday 6 November 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.

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

Quarter to September 2026, against a year earlier

92.39 0.95 −1.02%
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
Overview Business Profile Earnings & Analysis
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Southern Company (The) (SO) Net margin

Alert me on Net margin

Southern Company (The)'s net margin over the twelve months to 30 September 2026 was 16.0%, up 1.3 percentage points from fiscal 2025 (14.7%). Over the past ten years it has ranged from 3.66% (fiscal 2017) to 22.1% (fiscal 2019); the current reading is higher than 64% of that period. That is above the Utilities Regulated Electric industry median of 13.5% and above the Utilities sector median of 11.6%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 14.7% (1.78)
FY2024 16.5% 0.73
FY2023 15.7% 3.70
FY2022 12.0% 1.69
FY2021 10.4% (4.96)
FY2020 15.3% (6.82)
FY2019 22.1% 12.66
FY2018 9.47% 5.81
FY2017 3.66% (8.64)
FY2016 12.3% (1.23)

Quarterly newest first

Period Net margin Change (points)
Sep 2026 23.1% 6.31
Jun 2026 16.8% 0.68
Mar 2026 16.2% 10.19
Dec 2025 5.96% (15.91)
43 more quarters

Against its own ten years

Low 3.66% High 22.1%
Ten-year median 13.5%
Current reading's percentile 79

Net margin against peers

Company Net margin
NEE NextEra Energy, Inc. compare 40.4%
NGG National Grid Transco, PLC compare 26.1%
XEL Xcel Energy Inc. compare 18.0%
SO Southern Company (The) 16.0%
DUK Duke Energy Corporation compare 15.8%
ETR Entergy Corporation compare 14.6%
AEP American Electric Power Company, Inc. compare 14.2%
D Dominion Energy Inc. compare 14.0%
EXC Exelon Corporation compare 10.2%
Utilities Regulated Electric industry median 13.5%
Utilities sector median 11.6%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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