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

92.25 1.09 −1.17%
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) Operating margin

Alert me on Operating margin

Southern Company (The)'s operating margin over the twelve months to 30 September 2026 was 24.7%, up 0.1 percentage points from fiscal 2025 (24.7%). Over the past ten years it has ranged from 10.1% (fiscal 2017) to 36.1% (fiscal 2019); the current reading is higher than 82% of that period. That is above the Utilities Regulated Electric industry median of 21.7% and above the Utilities sector median of 18.7%.

Operating margin, annual

Embed this chart

Annual newest first

Period Operating margin Change (points)
FY2025 24.7% (1.80)
FY2024 26.5% 3.38
FY2023 23.1% 4.73
FY2022 18.3% 2.34
FY2021 16.0% (7.98)
FY2020 24.0% (12.14)
FY2019 36.1% 18.28
FY2018 17.8% 7.71
FY2017 10.1% (12.42)
FY2016 22.6% (1.93)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 33.9% 8.47
Jun 2026 25.5% 1.43
Mar 2026 24.0% 10.90
Dec 2025 13.1% (20.03)
43 more quarters

Against its own ten years

Low 10.1% High 36.1%
Ten-year median 23.1%
Current reading's percentile 67

Operating margin against peers

Company Operating margin
NEE NextEra Energy, Inc. compare 30.0%
DUK Duke Energy Corporation compare 28.5%
SO Southern Company (The) 24.7%
ETR Entergy Corporation compare 24.6%
AEP American Electric Power Company, Inc. compare 23.4%
D Dominion Energy Inc. compare 22.5%
XEL Xcel Energy Inc. compare 21.7%
EXC Exelon Corporation compare 19.9%
NGG National Grid Transco, PLC compare 0.00%
Utilities Regulated Electric industry median 21.7%
Utilities sector median 18.7%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

More on SO