The Southern Company (SO) 10-Year Financial Performance & Capital Metrics

SO • • Utilities

UtilitiesElectric UtilitiesIntegrated Electric UtilitiesMajor Multi-State Integrated Utilities

AboutThe Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. It operates through Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services segments. The company also develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, wholesale gas services, and gas pipeline investments operations. In addition, it owns and/or operates 30 hydroelectric generating stations, 24 fossil fuel generating stations, three nuclear generating stations, 13 combined cycle/cogeneration stations, 45 solar facilities, 15 wind facilities, one fuel cell facility, and four battery storage facility; and constructs, operates, and maintains 76,289 miles of natural gas pipelines and 14 storage facilities with total capacity of 157 Bcf to provide natural gas to residential, commercial, and industrial customers. The company serves approximately 8.7 million electric and gas utility customers. Further, the company offers digital wireless communications and fiber optics services. The Southern Company was incorporated in 1945 and is headquartered in Atlanta, Georgia.Show more

Revenue $26.72B +5.8%
EBITDA $12.33B +14.1%
Net Income $4.4B +10.7%
Free Cash Flow $833M +154.0%
EBITDA Margin 46.15% +7.8%
Net Margin 16.47% +4.6%
ROE 12.24% +7.4%
Interest Coverage 2.58 +8.2%
Debt/Equity 1.81 +0.3%
Net Debt/EBITDA 5.29 -8.9%
CapEx / Revenue 33.51% -7.0%
CapEx Coverage 1.09 +31.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Healthy dividend yield of 3.1%

✗Weaknesses

✗High leverage: 5.4x Debt/EBITDA

Price & Volume

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Growth Metrics

Revenue CAGR

10Y3.76%

5Y4.53%

3Y4.96%

TTM9.4%

Profit (Net Income) CAGR

10Y8.04%

5Y-1.53%

3Y22.26%

TTM-5.57%

EPS CAGR

10Y6.23%

5Y-2.38%

3Y20.86%

TTM-6.06%

ROCE

10Y Avg4.86%

5Y Avg4.52%

3Y Avg4.95%

Latest5.54%

Peer Comparison

Major Multi-State Integrated Utilities

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ETREntergy Corporation	42.15B	94.37	38.52	-2.2%	14.28%	10.71%		1.90
FEFirstEnergy Corp.	26.17B	45.30	26.65	4.68%	9.19%	9.38%		1.77
SOThe Southern Company	96.4B	87.55	21.94	5.83%	15.42%	11.65%	0.86%	1.81
AEPAmerican Electric Power Company, Inc.	62.29B	116.62	20.90	2.76%	17.08%	11.63%		1.70
DUKDuke Energy Corporation	91.29B	117.39	20.56	4.46%	15.71%	9.49%	0.05%	1.66
EXCExelon Corporation	43.68B	43.32	17.68	5.99%	11.6%	10.03%		1.73
SOJCThe Southern Company JR 2017B NT 77	22.1B	22.11	5.54	5.83%	15.42%	11.65%	0.91%	1.81
SOJDSouthern Company (The) Series 2	2.07K	20.67	5.18	5.83%	15.42%	11.65%	100%	1.81

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	17.49B	19.9B	23.03B	23.5B	21.42B	20.38B	23.11B	29.28B	25.25B	26.72B
Revenue Growth %	-0.05%	0.14%	0.16%	0.02%	-0.09%	-0.05%	0.13%	0.27%	-0.14%	0.06%
Cost of Revenue	9.81B	11.37B	13.12B	13.88B	11.82B	10.48B	12.87B	18.65B	13.54B	13.38B
Gross Profit+	7.68B	8.53B	9.91B	9.62B	9.6B	9.9B	10.25B	10.63B	11.71B	13.34B
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	0.03%	0.11%	0.16%	-0.03%	-0%	0.03%	0.04%	0.04%	0.1%	0.14%
Operating Expenses+	3.4B	4.04B	7.58B	5.42B	1.87B	5.01B	6.55B	5.26B	5.88B	6.27B
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	6.68B	7.41B	5.79B	7.74B	11.07B	8.79B	7.67B	9.43B	10.81B	12.33B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	0.13%	0.11%	-0.22%	0.34%	0.43%	-0.21%	-0.13%	0.23%	0.15%	0.14%
Depreciation & Amortization+	2.4B	2.92B	3.46B	3.55B	3.33B	3.9B	3.97B	4.06B	4.99B	5.27B
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	4.28B	4.49B	2.33B	4.19B	7.74B	4.88B	3.7B	5.37B	5.83B	7.07B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.18%	0.05%	-0.48%	0.8%	0.85%	-0.37%	-0.24%	0.45%	0.08%	0.21%
Interest Expense+	840M	1.32B	1.69B	1.84B	1.74B	1.82B	1.84B	2.02B	2.45B	2.74B
Interest Coverage	5.10x	3.41x	1.38x	2.28x	4.46x	2.68x	2.01x	2.66x	2.38x	2.58x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Pretax Income+	3.63B	3.48B	1.07B	2.75B	6.54B	3.5B	2.58B	4.22B	4.34B	5.23B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	1.19B	951M	142M	449M	1.8B	393M	267M	795M	496M	969M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	2.42B	2.49B	880M	2.24B	4.75B	3.13B	2.41B	3.54B	3.98B	4.4B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.19%	0.03%	-0.65%	1.55%	1.12%	-0.34%	-0.23%	0.47%	0.12%	0.11%
EPS (Diluted)+	2.60	2.47	0.84	2.15	4.50	2.95	2.26	3.26	3.62	3.99
EPS Growth %	0.19%	-0.05%	-0.66%	1.56%	1.09%	-0.34%	-0.23%	0.44%	0.11%	0.1%
EPS (Basic)	2.60	2.47	0.84	2.15	4.50	2.95	2.26	3.28	3.64	4.02
Diluted Shares Outstanding	911.6M	990.2M	1.01B	1.03B	1.05B	1.06B	1.06B	1.08B	1.1B	1.1B

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	78.32B	109.7B	111B	116.91B	118.7B	122.94B	127.53B	134.89B	139.33B	145.18B
Asset Growth %	0.12%	0.4%	0.01%	0.05%	0.02%	0.04%	0.04%	0.06%	0.03%	0.04%
PP&E (Net)+	62.03B	79.49B	80.9B	81.86B	86.06B	90.39B	93.46B	96.7B	101.94B	106.74B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	6.53B	9.72B	10.07B	9.58B	9.82B	8.62B	8.96B	10.42B	10.43B	10.69B
Cash & Equivalents	1.4B	1.98B	2.13B	1.4B	1.98B	1.06B	1.8B	1.92B	748M	1.07B
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	1.93B	2.78B	2.63B	2.39B	2.39B	2.49B	2.35B	2.68B	3.35B	3.37B
Other Current Assets	651M	811M	815M	1.3B	1.73B	1.45B	1.52B	1.76B	1.96B	1.67B
Long-Term Investments	1.52B	3.15B	3.35B	3.3B	3.34B	3.67B	3.82B	3.59B	3.79B	4.04B
Goodwill	2M	6.25B	6.27B	5.32B	5.28B	5.28B	5.28B	5.16B	5.16B	5.16B
Intangible Assets	317M	970M	873M	613M	536M	487M	445M	406M	368M	332M
Other Assets	7.93B	10.11B	9.55B	16.24B	13.67B	14.5B	15.56B	18.62B	17.64B	18.21B
Total Liabilities	56.22B	82.97B	85.15B	87.58B	86.65B	90.41B	94.97B	100.36B	104.11B	108.51B
Total Debt+	28.74B	47.46B	50.79B	46.85B	48.69B	51.04B	55.47B	59.13B	63.49B	66.28B
Net Debt	27.33B	45.48B	48.66B	45.45B	46.71B	49.98B	53.67B	57.22B	62.74B	65.21B
Long-Term Debt	24.69B	42.63B	44.46B	40.74B	41.8B	45.07B	50.12B	50.66B	57.21B	58.77B
Short-Term Borrowings	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	32M	32M	31M	24M	1.84B	1.85B	1.75B	1.58B	1.49B	1.45B
Total Current Liabilities+	9.13B	12.92B	13.59B	14.29B	12.55B	12.08B	10.92B	15.72B	13.47B	15.99B
Accounts Payable	1.91B	2.83B	3.08B	3.44B	2.56B	2.81B	2.17B	3.52B	2.9B	3.7B
Accrued Expenses	249M	518M	488M	472M	474M	513M	533M	614M	652M	682M
Deferred Revenue	404M	558M	542M	522M	496M	487M	479M	502M	503M	486M
Other Current Liabilities	2.03B	2.84B	2.52B	3.09B	3.09B	3.09B	3.2B	3.17B	3.57B	3.81B
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	8.67B	10.88B	10.73B	17.17B	14.43B	15.47B	15.94B	15.19B	14.39B	14.27B
Total Equity+	22.1B	26.73B	25.85B	29.33B	32.05B	32.52B	32.57B	34.53B	35.23B	36.67B
Equity Growth %	0.04%	0.21%	-0.03%	0.13%	0.09%	0.01%	0%	0.06%	0.02%	0.04%
Shareholders Equity	21.32B	25.48B	24.49B	25.01B	27.8B	28.26B	28.16B	30.41B	31.44B	33.21B
Minority Interest	781M	1.25B	1.36B	4.32B	4.25B	4.26B	4.4B	4.12B	3.78B	3.47B
Common Stock	4.57B	4.95B	5.04B	5.16B	5.26B	5.27B	5.28B	5.42B	5.42B	5.45B
Additional Paid-in Capital	6.28B	9.66B	10.47B	11.09B	11.73B	11.83B	11.95B	13.67B	13.78B	14.15B
Retained Earnings	10.01B	10.36B	8.88B	8.71B	10.88B	11.31B	10.93B	11.54B	12.48B	13.75B
Accumulated OCI	-130M	-180M	-189M	-203M	-321M	-395M	-237M	-167M	-177M	-78M
Return on Assets (ROA)	0.03%	0.03%	0.01%	0.02%	0.04%	0.03%	0.02%	0.03%	0.03%	0.03%
Return on Equity (ROE)	0.11%	0.1%	0.03%	0.08%	0.15%	0.1%	0.07%	0.11%	0.11%	0.12%
Debt / Equity	1.30x	1.78x	1.96x	1.60x	1.52x	1.57x	1.70x	1.71x	1.80x	1.81x
Debt / Assets	0.37%	0.43%	0.46%	0.4%	0.41%	0.42%	0.43%	0.44%	0.46%	0.46%
Net Debt / EBITDA	4.09x	6.14x	8.40x	5.87x	4.22x	5.69x	7.00x	6.07x	5.80x	5.29x
Book Value per Share	24.24	26.99	25.66	28.37	30.44	30.74	30.69	31.95	32.08	33.25

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	6.27B	4.89B	6.39B	6.95B	5.78B	6.7B	6.17B	6.3B	7.55B	9.79B
Operating CF Growth %	0.08%	-0.22%	0.31%	0.09%	-0.17%	0.16%	-0.08%	0.02%	0.2%	0.3%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	2.44B	2.53B	926M	2.3B	4.74B	3.1B	2.31B	3.43B	3.98B	4.26B
Depreciation & Amortization	2.4B	2.92B	3.46B	3.55B	3.33B	3.9B	3.97B	4.06B	4.99B	5.27B
Deferred Taxes	1.36B	-127M	166M	94M	1.37B	100M	239M	758M	416M	536M
Other Non-Cash Items	176M	-1.41B	2.73B	601M	-3.93B	-136M	494M	-2.23B	-1.83B	-1.83B
Working Capital Changes	-187M	858M	-996M	276M	162M	-389M	-990M	160M	-135M	1.42B
Capital Expenditures+	-7.39B	-20.05B	-7.42B	-8B	-7.55B	-7.44B	-7.24B	-7.92B	-9.1B	-8.96B
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-7.28B	-20.05B	-7.19B	-5.76B	-3.39B	-7.03B	-7.35B	-8.43B	-9.67B	-9.4B
Acquisitions	-1.38B	-12.13B	-1.22B	2.78B	4.92B	888M	572M	275M	164M	369M
Purchase of Investments	-1.42B	-1.16B	-811M	-1.12B	-888M	-877M	-1.6B	-1.13B	-1.14B	-1.55B
Sale of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Investing	119M	-599M	1.46B	-530M	-755M	-471M	-680M	-769M	-716M	-798M
Cash from Financing+	1.7B	15.72B	951M	-1.81B	-1.93B	-576M	1.95B	2.34B	999M	-208M
Dividends Paid	-1.96B	-2.1B	-2.3B	-2.42B	-2.57B	-2.69B	-2.78B	-2.91B	-3.04B	-2.95B
Dividend Payout Ratio %	0.81%	0.84%	2.61%	1.08%	0.54%	0.86%	1.15%	0.82%	0.76%	0.67%
Debt Issuance (Net)	1000K	1000K	1000K	-1000K	1000K	1000K	1000K	1000K	1000K	1000K
Stock Issued	256M	3.76B	1.04B	1.09B	844M	74M	73M	1.51B	36M	143M
Share Repurchases	-115M	0	-658M	-33M	0	0	0	0	0	0
Other Financing	-68M	3.86B	124M	2.13B	-217M	-233M	-116M	-404M	-373M	-366M
Net Change in Cash+	694M	571M	155M	-628M	459M	-910M	761M	208M	-1.12B	180M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	710M	1.4B	1.98B	2.15B	1.52B	1.98B	1.07B	1.83B	2.04B	921M
Cash at End	1.4B	1.98B	2.13B	1.52B	1.98B	1.07B	1.83B	2.04B	921M	1.1B
Free Cash Flow+	-1.12B	-15.15B	-1.03B	-1.06B	-1.77B	-745M	-1.07B	-1.62B	-1.54B	833M
FCF Growth %	-5.91%	-12.54%	0.93%	-0.03%	-0.68%	0.58%	-0.44%	-0.51%	0.05%	1.54%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	11.16%	10.21%	3.35%	8.13%	15.49%	9.71%	7.4%	10.54%	11.4%	12.24%
EBITDA Margin	38.18%	37.24%	25.14%	32.94%	51.67%	43.14%	33.19%	32.22%	42.81%	46.15%
Net Debt / EBITDA	4.09x	6.14x	8.40x	5.87x	4.22x	5.69x	7.00x	6.07x	5.80x	5.29x
Interest Coverage	5.10x	3.41x	1.38x	2.28x	4.46x	2.68x	2.01x	2.66x	2.38x	2.58x
CapEx / Revenue	42.27%	100.76%	32.23%	34.05%	35.27%	36.52%	31.32%	27.06%	36.02%	33.51%
Dividend Payout Ratio	80.92%	84.4%	261.36%	108.16%	54.06%	85.67%	115.32%	82.23%	76.33%	67.12%
Debt / Equity	1.30x	1.78x	1.96x	1.60x	1.52x	1.57x	1.70x	1.71x	1.80x	1.81x
EPS Growth	19.27%	-5%	-65.99%	155.95%	109.3%	-34.44%	-23.39%	44.25%	11.04%	10.22%

Revenue by Segment

	2014	2015	2016	2017	2018	2019	2020	2021	2022	2024
Southern Company Gas	-	-	1.65B	10.55B	11.17B	-	-	-	5.96B	4.46B
Southern Company Gas Growth	-	-	-	538.44%	5.92%	-	-	-	-	-25.26%
Gas Distribution Operations	-	-	-	3.21B	3.19B	-	-	-	5.27B	3.9B
Gas Distribution Operations Growth	-	-	-	-	-0.65%	-	-	-	-	-25.97%
Gas Marketing Services	-	-	-	860M	568M	-	-	-	638M	516M
Gas Marketing Services Growth	-	-	-	-	-33.95%	-	-	-	-	-19.12%
Gas Pipeline Investments	-	-	-	-	32M	-	-	-	32M	32M
Gas Pipeline Investments Growth	-	-	-	-	-	-	-	-	-	0.00%
Electric Utilities	-	-	-	-	18.57B	-	1.4B	1.85B	22.87B	-
Electric Utilities Growth	-	-	-	-	-	-	-	32.31%	1135.71%	-
Southern Power	1.5B	1.39B	1.58B	2.08B	2.21B	-	-	-	3.37B	-
Southern Power Growth	-	-7.40%	13.45%	31.58%	6.27%	-	-	-	-	-
Corporate and Other	-	-	-	-	-	-	-	-	55M	-
Corporate and Other Growth	-	-	-	-	-	-	-	-	-	-
Natural Gas Distribution	-	-	-	-	-	2.99B	2.89B	3.63B	-	-
Natural Gas Distribution Growth	-	-	-	-	-	-	-3.38%	25.52%	-	-
Other Natural Gas	-	-	-	-	-	2.61B	2.15B	2.67B	-	-
Other Natural Gas Growth	-	-	-	-	-	-	-17.55%	24.04%	-	-
Other Natural Gas - Wholesale Gas Services	-	-	-	-	-	2.1B	1.73B	2.17B	-	-
Other Natural Gas - Wholesale Gas Services Growth	-	-	-	-	-	-	-17.57%	25.54%	-	-
Natural Gas Distribution - Residential	-	-	-	-	-	1.41B	1.34B	1.8B	-	-
Natural Gas Distribution - Residential Growth	-	-	-	-	-	-	-5.31%	34.45%	-	-
Other Revenue Sources	-	-	-	-	-	-	2.88B	1.79B	-	-
Other Revenue Sources Growth	-	-	-	-	-	-	-	-38.01%	-	-
Natural Gas Distribution - Transportation	-	-	-	-	-	907M	971M	1.04B	-	-
Natural Gas Distribution - Transportation Growth	-	-	-	-	-	-	7.06%	6.90%	-	-
Wholesale Electric - PPA Energy Revenues	-	-	-	-	-	-	570M	854M	-	-
Wholesale Electric - PPA Energy Revenues Growth	-	-	-	-	-	-	-	49.82%	-	-
Natural Gas Distribution - Commercial	-	-	-	-	-	389M	340M	470M	-	-
Natural Gas Distribution - Commercial Growth	-	-	-	-	-	-	-12.60%	38.24%	-	-
Other Natural Gas - Gas Marketing Services	-	-	-	-	-	440M	391M	464M	-	-
Other Natural Gas - Gas Marketing Services Growth	-	-	-	-	-	-	-11.14%	18.67%	-	-
Wholesale Electric - Non-PPA Revenues	-	-	-	-	-	-	239M	398M	-	-
Wholesale Electric - Non-PPA Revenues Growth	-	-	-	-	-	-	-	66.53%	-	-
Wholesale Electric - PPA Capacity Revenues	-	-	-	-	-	-	296M	323M	-	-
Wholesale Electric - PPA Capacity Revenues Growth	-	-	-	-	-	-	-	9.12%	-	-
Natural Gas Distribution - Other	-	-	-	-	-	245M	209M	269M	-	-
Natural Gas Distribution - Other Growth	-	-	-	-	-	-	-14.69%	28.71%	-	-
Natural Gas Distribution - Industrial	-	-	-	-	-	35M	30M	49M	-	-
Natural Gas Distribution - Industrial Growth	-	-	-	-	-	-	-14.29%	63.33%	-	-
Other Natural Gas - Other Natural Gas Revenues	-	-	-	-	-	42M	33M	36M	-	-
Other Natural Gas - Other Natural Gas Revenues Growth	-	-	-	-	-	-	-21.43%	9.09%	-	-
Other Revenues	-	-	-	-	-	-	14M	30M	-	-
Other Revenues Growth	-	-	-	-	-	-	-	114.29%	-	-
Retail Electric - Industrial	-	-	-	-	-	-	-	-	-	-
Retail Electric - Industrial Growth	-	-	-	-	-	-	-	-	-	-
Retail Electric - Commercial	-	-	-	-	-	-	-	-	-	-
Retail Electric - Commercial Growth	-	-	-	-	-	-	-	-	-	-
Other Adjustments	-	-	-	-	-	-5.44B	-	-	-	-
Other Adjustments Growth	-	-	-	-	-	-	-	-	-	-
Retail Electric - Other	-	-	-	-	-	-	-	-	-	-
Retail Electric - Other Growth	-	-	-	-	-	-	-	-	-	-
Retail Electric - Residential	-	-	-	-	-	-	-	-	-	-
Retail Electric - Residential Growth	-	-	-	-	-	-	-	-	-	-
Retail Electric	-	-	-	-	-	-	-	-	-	-
Retail Electric Growth	-	-	-	-	-	-	-	-	-	-
Retail	-	-	-	-	-	877M	-	-	-	-
Retail Growth	-	-	-	-	-	-	-	-	-	-
Wholesale, Affiliates	-	-	-	-	-	398M	-	-	-	-
Wholesale, Affiliates Growth	-	-	-	-	-	-	-	-	-	-
Other Natural Gas - Gas Pipeline Investments	-	-	-	-	-	32M	-	-	-	-
Other Natural Gas - Gas Pipeline Investments Growth	-	-	-	-	-	-	-	-	-	-
Alternative Energy	-	-	-	-	-	-1M	-	-	-	-
Alternative Energy Growth	-	-	-	-	-	-	-	-	-	-
Traditional Operating Companies	17.35B	16.49B	16.8B	16.88B	16.84B	-	-	-	-	-
Traditional Operating Companies Growth	-	-4.97%	1.89%	0.48%	-0.24%	-	-	-	-	-
Others	-	-	-	10M	55M	-	-	-	-	-
Others Growth	-	-	-	-	450.00%	-	-	-	-	-
Gas Midstream Operations	-	-	-	71M	-	-	-	-	-	-
Gas Midstream Operations Growth	-	-	-	-	-	-	-	-	-	-
Intersegment Eliminations	-98M	-	-	-	-	-	-	-	-	-
Intersegment Eliminations Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

The Southern Company (SO) has a price-to-earnings (P/E) ratio of 21.9x. This is roughly in line with market averages.

Growth & Financials

The Southern Company (SO) reported $28.91B in revenue for fiscal year 2024. This represents a 64% increase from $17.66B in 2011.

The Southern Company (SO) grew revenue by 5.8% over the past year. This is steady growth.

Yes, The Southern Company (SO) is profitable, generating $4.46B in net income for fiscal year 2024 (16.5% net margin).

Dividend & Returns

Yes, The Southern Company (SO) pays a dividend with a yield of 3.06%. This makes it attractive for income-focused investors.

The Southern Company (SO) has a return on equity (ROE) of 12.2%. This is reasonable for most industries.

The Southern Company (SO) had negative free cash flow of $2.00B in fiscal year 2024, likely due to heavy capital investments.

Industry Metrics

The Southern Company (SO) has a dividend payout ratio of 67%. This suggests the dividend is well-covered and sustainable.

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