Southern Company (SO) is trading up at $85.72 (+0.33%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Utilities sector.
Southern Company revenue & net income history (FY2016–FY2025)
| FY2016Dec 2016 | FY2017Dec 2017 | FY2018Dec 2018 | FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $19.9B | $23.0B | $23.5B | $21.4B | $20.4B | $23.1B | $29.3B | $25.3B | $26.7B | $29.6B |
| Growth (year over year) | +13.8% | +15.8% | +2.0% | −8.8% | −4.9% | +13.4% | +26.7% | −13.8% | +5.8% | +10.6% |
| Operating income | $4.49B | $2.33B | $4.19B | $7.74B | $4.88B | $3.70B | $5.37B | $5.83B | $7.07B | $7.29B |
| Operating margin | 22.5% | 10.1% | 17.8% | 36.1% | 24.0% | 16.0% | 18.3% | 23.1% | 26.4% | 24.7% |
| Net income | $2.45B | $842.0M | $2.23B | $4.74B | $3.12B | $2.39B | $3.52B | $3.98B | $4.40B | $4.34B |
| Net margin | 12.3% | 3.7% | 9.5% | 22.1% | 15.3% | 10.4% | 12.0% | 15.7% | 16.5% | 14.7% |
| EPS (diluted) | $2.55 | $0.84 | $2.17 | $4.50 | $2.93 | $2.24 | $3.26 | $3.62 | $3.99 | $3.92 |
| Balance sheet | ||||||||||
| Cash and equivalents | $1.98B | $2.13B | $1.40B | $1.98B | $1.06B | $1.80B | $1.92B | $748.0M | $1.07B | $1.64B |
| Total assets | $109.7B | $111.0B | $116.9B | $118.7B | $122.9B | $127.5B | $134.9B | $139.3B | $145.2B | $155.7B |
| Total liabilities | $82.8B | $85.2B | $87.6B | $86.7B | $90.4B | $95.0B | $100.4B | $104.1B | $108.5B | $116.9B |
| Long-term debt | $42.6B | $44.5B | $40.7B | $41.8B | $45.1B | $50.1B | $50.7B | $57.2B | $58.8B | $65.6B |
| Shareholders' equity | $24.8B | $24.2B | $24.7B | $27.5B | $28.0B | $27.9B | $30.4B | $31.4B | $33.2B | $36.0B |
| Cash flow | ||||||||||
| Operating cash flow | $4.89B | $6.39B | $6.95B | $5.78B | $6.70B | $6.17B | $6.30B | $7.55B | $9.79B | $9.80B |
| Capital expenditure | $7.31B | $7.42B | $8.00B | $7.55B | $7.52B | $7.59B | $7.92B | $9.10B | $8.96B | $12.7B |
| Free cash flow | −$2.42B | −$1.03B | −$1.06B | −$1.77B | −$826.0M | −$1.42B | −$1.62B | −$1.54B | $833.0M | −$2.94B |
| Dividends paid | $2.10B | $2.30B | $2.42B | $2.57B | $2.69B | $2.78B | $2.91B | $3.04B | $2.95B | $3.02B |
| Share buybacks | $0 | $0 | — | — | — | — | — | — | — | — |
| Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $6.46B | $7.27B | $6.34B | $7.78B | $6.97B | $7.82B | $6.98B | $8.40B |
| Growth (year over year) | +12.4% | +4.2% | +4.9% | +17.0% | +7.9% | +7.5% | +10.1% | +8.0% |
| Operating income | $1.94B | $2.37B | $1.06B | $2.01B | $1.76B | $2.59B | $917.0M | $2.02B |
| Operating margin | 30.0% | 32.6% | 16.7% | 25.9% | 25.3% | 33.2% | 13.1% | 24.0% |
| Net income | $1.20B | $1.53B | $534.0M | $1.33B | $880.0M | $1.71B | $416.0M | $1.36B |
| Net margin | 18.6% | 21.1% | 8.4% | 17.2% | 12.6% | 21.9% | 6.0% | 16.1% |
| EPS (diluted) | $1.09 | $1.39 | $0.48 | $1.21 | $0.79 | $1.54 | $0.38 | $1.20 |
| Balance sheet | ||||||||
| Cash and equivalents | $1.15B | $1.02B | $1.07B | $2.33B | $1.26B | $3.34B | $1.64B | $981.0M |
| Total assets | $141.9B | $144.0B | $145.2B | $148.1B | $148.9B | $153.2B | $155.7B | $157.0B |
| Total liabilities | $105.8B | $107.1B | $108.5B | $110.9B | $111.5B | $115.0B | $116.9B | $117.1B |
| Long-term debt | $59.9B | $61.3B | $58.8B | $62.9B | $63.0B | $64.6B | $65.6B | $67.1B |
| Shareholders' equity | $36.1B | $36.9B | $33.2B | $37.2B | $37.3B | $38.3B | $36.0B | $39.9B |
| Cash flow | ||||||||
| Operating cash flow | $2.69B | $3.62B | $2.17B | $1.25B | $2.18B | $3.77B | $2.60B | $1.23B |
| Capital expenditure | $2.13B | $2.31B | $2.75B | $2.44B | $2.80B | $3.21B | $4.29B | $2.94B |
| Free cash flow | $563.0M | $1.30B | −$576.0M | −$1.19B | −$619.0M | $559.0M | −$1.69B | −$1.72B |
| Dividends paid | $754.0M | $733.0M | $734.0M | $736.0M | $758.0M | $760.0M | $761.0M | $776.0M |
From Southern Company's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
About Southern Company
Southern Company is an American gas and electric utility holding company based in the Southern United States. It is headquartered in Atlanta, Georgia, with executive offices located in Birmingham, Alabama. As of 2021 it is the second largest utility company in the U.S. in terms of customer base. Through its subsidiaries it serves 9 million gas and electric utility customers in 6 states. Southern Company's regulated regional electric utilities serve a 120,000-square-mile (310,000 km2) territory with 27,000 miles (43,000 km) of distribution lines.
Source: Wikipedia — Southern Company
- Headquarters
- Atlanta, Georgia From SEC filings, Oct 2026
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