SO

Southern Company (The)
D

SO

Arincen48/100B

If you had invested in Southern Company (The) ago, it would be worth $2,917 today, against $4,096 in SPY and $6,368 in QQQ.

ArincenArincen ScoreBeta

48/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash2

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength2.5

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders2

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

Southern Company (The) key facts

Style
Dividend stock · 7.9/10Growth 4.1 · Value 4.0 · Dividend 7.9
Day range
92.310 – 93.470
52-week range
81.690 – 99.580
Market capitalization
107.35B USD
P/E
21.26
PEG ratio
1.89
EPS
4.39
Div Yield
3.26%
EPS growth forecast (FY2026)
+8.1%
Volume
331,407
Beta
0.29
ESG score
70.4/100Environment 63 · Social 76 · Governance 73
Sector
Utilities
Industry
Regulated Electric
CEO
Christopher C. Womack
Employees
30K
IPO date
31 Dec 1981

Southern Company (The) earnings

Next earnings · Q4 FY2026
EPS estimate
0.41 USD
Revenue estimate
6.96B USD
Last quarter · Q3 FY2026
EPS1.94Beat +13.5%Revenue8.84BBeat +5.6%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q3 FY20282.07———9.72B———
Q2 FY20281.41———8.15B———
Q1 FY20281.50———9.85B———
Q4 FY20260.41——-25.45%6.96B——-0.35%
Q3 FY20261.711.94+13.45%+21.25%8.38B8.84B+5.59%+13.04%
Q2 FY20261.011.13+11.88%+24.18%7.23B6.98B-3.51%+0.06%
Q1 FY20261.211.32+9.09%+7.32%8.07B8.40B+4.02%+8.00%
Q4 FY20250.560.55-1.43%+10.00%6.10B6.98B+14.51%+10.09%
Q3 FY20251.511.60+5.96%+11.89%7.62B7.82B+2.71%+7.55%
Q2 FY20250.880.91+4.00%-17.27%6.36B6.97B+9.58%+7.89%

Analysts' estimates for FY2026 over the last 7 days:EPS Revenue How the estimates moved

Southern Company (The) analyst forecast

12-month price target
94.45 USD
+1.21%

Analysts' 1-year price targets range from 74.00 to 106.00, with an average of 94.45.

Past year
1-year forecast
Strong sellStrong buy
Hold
16 ratings
Buy
5
Hold
9
Sell
2

12-month price target

Highest target106.00
Average target94.45
Lowest target74.00
Current price93.32

Southern Company (The) valuation

Price to earnings ratio (TTM)
21.26
Forward P/E (FY2026)
20.12
Price to sales (TTM)
3.44
Price to book
2.55
EV / EBITDA (TTM)
12.01

Capital structure

Market capitalization
107.35B USD
+
Total debt
75.50B USD
−
Cash and short-term investments
1.74B USD
=
Enterprise value
181.11B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)17.30————
FY2027 (est.)18.8917.30———
FY2026 (est.)20.1218.89———
Now (TTM)21.2619.043.442.5512.01
FY202522.1318.813.252.6711.76
FY202420.4819.193.382.7211.74
FY202319.2617.353.032.4411.83
FY202221.7719.132.622.5213.00
FY202130.3519.133.152.5815.08

Southern Company (The) against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Duke Energy, American Electric Power Company, NextEra Energy, Dominion Energy, Entergy, and Xcel Energy, the US Regulated Electric companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Below its median21.3
    18.226.3
  • Gross marginLowest in 5 years29.8%
    29.8%49.9%
    Against its peers: 7 of 7Peers' median 39.5%
  • Operating marginAbove its median24.6%
    16.0%26.4%
    Against its peers: 4 of 7Peers' median 25.5%
  • Net marginAt its median14.7%
    10.4%16.5%
    Against its peers: 5 of 7Peers' median 15.9%
  • Return on equityAt its median12.1%
    8.5%13.3%
    Against its peers: 2 of 7Peers' median 10.3%
  • Free cash flow marginLowest in 5 years-9.9%
    -9.9%3.1%
    Against its peers: 4 of 7Peers' median -13.4%
  • Revenue growthAt its median10.6%
    -13.8%26.7%
    Against its peers: 3 of 7Peers' median 9.3%
  • EPS growthBelow its median-1.8%
    -23.4%44.2%
    Against its peers: 6 of 7Peers' median 14.9%
  • Debt to EBITDABelow its median5.17×
    5.01×6.61×
    Against its peers: 2 of 7Peers' median 5.71×
  • Current ratioLowest in 5 years0.65
    0.650.82
    Against its peers: 4 of 7Peers' median 0.65

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Southern Company (The) growth and profitability

Revenue (TTM)
31.20B USD
Net income (TTM)
4.99B USD
Gross margin
49.74%
Operating margin
24.72%
Net margin
16.00%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202529.55B+10.59%4.34B-1.36%29.81%24.60%14.69%14.33B+8.28%
FY202426.72B+5.83%4.40B+10.69%49.93%26.45%16.47%13.24B+12.41%
FY202325.25B-13.75%3.98B+12.48%46.36%23.07%15.74%11.78B+14.24%
FY202229.28B+26.68%3.54B+46.80%36.30%18.34%12.07%10.31B+22.93%
FY202123.11B+13.44%2.41B-23.17%44.33%16.00%10.42%8.39B-9.07%

Southern Company (The) revenue breakdown

By product

FY2025
Southern Company Gas: 50.0%Gas Distribution Operations: 43.9%Gas Marketing Services: 5.8%Gas Pipeline Investments: 0.3%50.0%Southern Company Gas43.9%Gas Distribution Operations5.8%Gas Marketing Services
SegmentRevenueShare of revenueChange on the year
Southern Company Gas5.04B50.0%+13.2%
Gas Distribution Operations4.43B43.9%+13.6%
Gas Marketing Services582.00M5.8%+12.8%
Gas Pipeline Investments32.00M0.3%0.0%

How Southern Company (The) makes its money

Revenue29.55B 100.0%
Cost of revenue20.74B 70.2%
Gross profit8.81B 29.8%
Other operating expenses1.54B 5.2%
Operating income7.27B 24.6%
Tax828.00M 2.8%
Other expense2.10B 7.1%
Net income4.34B 14.7%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Southern Company (The) dividends

Annual dividend
3.04 USD
Dividend yield (indicated)
3.26%
Payout ratio
85.65%
Years of dividend growth
26
Frequency
Quarterly
Next payment
0.76 USD
Next ex-dividend date
16 Nov 2026
Next payment date
7 Dec 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share2.942.862.782.702.622.542.462.382.302.22

Southern Company (The) financial health

Cash and short-term investments
1.74B USD
Total debt
75.50B USD
Net cash
-73.76B USD
Free cash flow (TTM)
-4.01B USD
Current ratio
0.84
Debt to equity
1.80
Piotroski score
7 / 9
Altman Z-score
1.03

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20251.64B74.08B-2.94B
FY20241.07B66.28B833.00M
FY2023748.00M63.49B-1.54B
FY20221.92B59.14B-1.62B
FY20211.80B55.47B-1.07B

Southern Company (The) ownership

Institutions
74.39%
Institutional holders
2,430
Free float
99.89%

Who owns the shares

Institutions 74.4% Others 25.6%
As of 30 Jun 2026

Shares free to trade

Free float 1.15B shares ·99.9% Closely held 1.24M shares ·0.1%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 2026027.82K200.00
Q3 2026066.87K9.30K
Q2 20260216.19K11.66K
Q1 202604619.76K446.39K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY20251.10B1.11B+0.54%
FY20241.10B1.10B+0.46%
FY20231.09B1.10B+1.57%
FY20221.08B1.08B+1.88%
FY20211.06B1.06B+0.28%

Source: Financial Modeling PrepVerified against SEC filings

Related Instruments

Title: Southern Company (The)

Sector: Utilities
Industry: Regulated Electric
Southern is one of the largest utilities in the US. The company serves 9 million customers with vertically integrated electric utilities in three states and natural gas distribution utilities in four states. It owns 46 gigawatts of rate-regulated generating capacity, primarily for serving customers in Georgia, Alabama, and Mississippi. Subsidiary Southern Power owns 13 gigawatts of natural gas generation and renewable energy across the US and sells the electricity primarily under long-term contracts.

Common questions about Southern Company (The) stock