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Saturday 17 October 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. 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
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Southern Company (The) (SO) Operating margin

Alert me on Operating margin

Southern Company (The)'s operating margin over the twelve months to 30 June 2026 was 24.2%, down 0.4 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 21.8% and above the Utilities sector median of 18.8%.

Operating margin, annual

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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)
Jun 2026 25.5% 1.43
Mar 2026 24.0% 10.90
Dec 2025 13.1% (20.03)
Sep 2025 33.2% 7.86
42 more quarters

Against its own ten years

Low 10.1% High 36.1%
Ten-year median 23.1%
Current reading's percentile 57

Operating margin against peers

Company Operating margin
NEE NextEra Energy, Inc. compare 29.8%
DUK Duke Energy Corporation compare 27.8%
SO Southern Company (The) 24.2%
AEP American Electric Power Company, Inc. compare 23.0%
ETR Entergy Corporation compare 22.9%
D Dominion Energy Inc. compare 21.1%
EXC Exelon Corporation compare 20.8%
XEL Xcel Energy Inc. compare 19.1%
NGG National Grid Transco, PLC compare 0.00%
Utilities Regulated Electric industry median 21.8%
Utilities sector median 18.8%
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 →

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