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Southern Company (The)

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Key Metrics

Previous Close: $92.19
52-Week Range: $83.80 – $100.84
Market Cap: $105.18B
P/E (TTM): 22.03
EPS (TTM): 4.15
Dividend Yield: 3.30%

Advanced Metrics

Price/Book: 2.66
PEG Ratio: 2.35
Return on Equity: 11.48%
Return on Assets: 3.27%
Gross Margin: 48.29%
Operating Margin: 29.61%
Profit Margin: 15.43%
Current Ratio: 0.79
Debt/Equity: 1.82
Total Debt: $77.09B
Free Cash Flow: $-3.91B
Revenue Growth: 0.10%
Earnings Growth: 30.40%
Enterprise Value: $182.93B

SO Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$29.28B	$25.25B	$26.72B	$29.55B
Cost of Revenue	$18.65B	$13.48B	$13.36B	$15.23B
Gross Profit	$10.63B	$11.78B	$13.36B	$14.32B
Operating Expenses	$5.26B	$5.95B	$6.29B	$7.04B
Operating Income	$5.37B	$5.83B	$7.07B	$7.29B
EBITDA	$10.31B	$11.78B	$13.24B	$14.27B
Pretax Income	$4.22B	$4.34B	$5.23B	$5.00B
Income Tax	$795.00M	$496.00M	$969.00M	$828.00M
Net Income	$3.54B	$3.98B	$4.40B	$4.34B
Diluted EPS	3.26	3.62	3.99	3.92
Diluted Shares	1.08B	1.10B	1.10B	1.11B

SO Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$1.92B	$748.00M	$1.07B	$1.64B
Receivables	$3.72B	$3.96B	$4.29B	$4.07B
Inventory	$2.68B	$3.35B	$3.37B	$3.33B
Current Assets	$10.42B	$10.43B	$10.69B	$10.92B
Total Assets	$134.89B	$139.33B	$145.18B	$155.72B
Current Liabilities	$15.72B	$13.47B	$15.99B	$16.89B
Long-Term Debt	$50.66B	$57.21B	$58.77B	$65.65B
Total Debt	$59.13B	$63.49B	$66.28B	$74.08B
Total Liabilities	$100.36B	$104.11B	$108.51B	$116.85B
Retained Earnings	$11.54B	$12.48B	$13.75B	$14.86B
Shareholders' Equity	$30.41B	$31.44B	$33.21B	$36.02B
Working Capital	-$5.31B	-$3.04B	-$5.30B	-$5.97B
Net Debt	$55.63B	$61.25B	$63.75B	$70.95B

SO Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$6.30B	$7.55B	$9.79B	$9.80B
Capital Expenditure	-$7.92B	-$9.10B	-$8.96B	-$12.74B
Free Cash Flow	-$1.62B	-$1.54B	$833.00M	-$2.94B
Depreciation & Amortisation	$4.06B	$4.99B	$5.27B	$6.03B
Stock-Based Compensation	$127.00M	$137.00M	$132.00M	$136.00M
Investing Cash Flow	-$8.43B	-$9.67B	-$9.40B	-$13.96B
Financing Cash Flow	$2.34B	$999.00M	-$208.00M	$4.70B
Dividends Paid	-$2.91B	-$3.04B	-$2.95B	-$3.02B
Share Repurchases	-$298.00M	$0.00	$0.00	—
Net Change in Cash	$208.00M	-$1.12B	$180.00M	$539.00M

SO Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$6.97B	$7.82B	$6.98B	$8.40B	$6.98B
Cost of Revenue	$3.48B	$3.52B	$4.19B	$4.50B	$3.40B
Gross Profit	$3.49B	$4.30B	$2.79B	$3.90B	$3.58B
Operating Expenses	$1.73B	$1.71B	$1.87B	$1.88B	$1.80B
Operating Income	$1.76B	$2.59B	$917.00M	$2.02B	$1.78B
EBITDA	$3.46B	$4.43B	$2.70B	$3.92B	$3.77B
Pretax Income	$1.14B	$2.11B	$196.00M	$1.57B	$1.38B
Income Tax	$289.00M	$404.00M	-$145.00M	$228.00M	$187.00M
Net Income	$880.00M	$1.71B	$416.00M	$1.36B	$1.17B
Diluted EPS	0.79	1.54	0.38	1.20	1.03
Diluted Shares	1.11B	1.11B	1.11B	1.13B	1.14B

SO Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$1.26B	$3.34B	$1.64B	$981.00M	$2.98B
Receivables	$4.35B	$3.90B	$4.07B	$3.87B	$3.95B
Inventory	$3.08B	$3.25B	$3.33B	$3.17B	$3.31B
Current Assets	$10.80B	$12.63B	$10.92B	$9.96B	$12.38B
Total Assets	$148.85B	$153.25B	$155.72B	$157.03B	$162.03B
Current Liabilities	$14.57B	$16.73B	$16.89B	$15.32B	$15.73B
Long-Term Debt	$62.98B	$64.62B	$65.65B	$67.15B	$68.76B
Total Debt	$70.82B	$73.75B	$74.08B	$76.00B	$77.09B
Total Liabilities	$111.51B	$114.97B	$116.85B	$117.12B	$119.69B
Retained Earnings	$14.36B	$15.25B	$14.86B	$15.38B	$15.70B
Shareholders' Equity	$34.01B	$35.00B	$36.02B	$37.12B	$39.57B
Working Capital	-$3.77B	-$4.10B	-$5.97B	-$5.36B	-$3.36B
Net Debt	$68.07B	$68.97B	$70.95B	$73.54B	$72.60B

SO Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$2.18B	$3.77B	$2.60B	$1.23B	$3.05B
Capital Expenditure	-$3.02B	-$3.00B	-$4.29B	-$2.94B	-$3.69B
Free Cash Flow	-$838.00M	$778.00M	-$1.69B	-$1.72B	-$641.00M
Depreciation & Amortisation	$1.45B	$1.56B	$1.60B	$1.58B	$1.60B
Stock-Based Compensation	$12.00M	$22.00M	$12.00M	$97.00M	$15.00M
Investing Cash Flow	-$2.90B	-$3.87B	-$4.36B	-$3.42B	-$3.34B
Financing Cash Flow	-$348.00M	$2.17B	$61.00M	$1.54B	$2.29B
Dividends Paid	-$758.00M	-$760.00M	-$761.00M	-$776.00M	-$803.00M
Net Change in Cash	-$1.07B	$2.08B	-$1.70B	-$653.00M	$2.00B

Market Snapshot

About

The Southern Company is one of the largest energy providers in the United States, serving millions of customers across multiple states. The company operates electric utilities in Alabama, Georgia, Mississippi, and the Carolinas, along with a competitive generation company and southern power. Southern Company is a leader in energy innovation, reliability, and customer satisfaction.