The Southern Company (SO) Earnings History
Steady Earner32 years of earnings data (1994–2025) · Positive but moderate multi-year EPS trajectory
Loading earnings history...
The Southern Company (SO) Earnings Overview
As of June 22, 2026, The Southern Company (SO) reported trailing twelve-month net income of $4.36B, reflecting -1.8% year-over-year growth. The company earned $3.87 per diluted share over the past four quarters, with a net profit margin of 14.7%.
Looking at the long-term picture, SO's 5-year EPS compound annual growth rate (CAGR) stands at +5.9%, showing solid earnings momentum. The company achieved its highest annual net income of $4.75B in fiscal 2019.
The Southern Company maintains positive profitability with a gross margin of 29.8%, operating margin of 24.6%, and net margin of 14.7%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including DUK ($5.14B net income, 15.4% margin), D ($2.35B net income, 18.2% margin), AEP ($3.65B net income, 16.4% margin), SO has room to improve margins relative to the peer group. Compare SO vs DUK →
SO Earnings vs Peers
Earnings metrics vs comparable public companies
SO Historical Earnings Data (1994–2025)
32 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $4.34B | -1.4% | $7.27B | $3.92 | 14.7% | 24.6% |
| 2024 | $4.40B | +10.7% | $7.07B | $3.99 | 16.5% | 26.4% |
| 2023 | $3.98B | +12.5% | $5.83B | $3.62 | 15.7% | 23.1% |
| 2022 | $3.54B | +46.8% | $5.37B | $3.26 | 12.1% | 18.3% |
| 2021 | $2.41B | -23.2% | $3.70B | $2.26 | 10.4% | 16.0% |
| 2020 | $3.13B | -34.1% | $4.88B | $2.95 | 15.4% | 24.0% |
| 2019 | $4.75B | +112.0% | $7.74B | $4.50 | 22.2% | 36.1% |
| 2018 | $2.24B | +154.8% | $4.19B | $2.15 | 9.5% | 17.8% |
| 2017 | $880M | -64.7% | $2.33B | $0.84 | 3.8% | 10.1% |
| 2016 | $2.49B | +3.0% | $4.49B | $2.47 | 12.5% | 22.5% |
| 2015 | $2.42B | +19.2% | $4.28B | $2.60 | 13.8% | 24.5% |
| 2014 | $2.03B | +18.8% | $3.64B | $2.18 | 11.0% | 19.7% |
| 2013 | $1.71B | -29.2% | $3.25B | $1.85 | 10.0% | 19.0% |
| 2012 | $2.42B | +6.5% | $4.46B | $2.71 | 14.6% | 27.0% |
| 2011 | $2.27B | +11.2% | $4.23B | $2.57 | 12.8% | 24.0% |
| 2010 | $2.04B | +19.4% | $3.80B | $2.37 | 11.7% | 21.8% |
| 2009 | $1.71B | -5.5% | $3.47B | $2.07 | 10.8% | 22.0% |
| 2008 | $1.81B | +4.2% | $3.51B | $2.25 | 10.6% | 20.5% |
| 2007 | $1.73B | +10.2% | $3.33B | $2.28 | 11.3% | 21.7% |
| 2006 | $1.57B | -1.1% | $3.22B | $2.10 | 11.0% | 22.5% |
| 2005 | $1.59B | +3.9% | $2.96B | $2.13 | 11.7% | 21.9% |
| 2004 | $1.53B | +3.9% | $2.82B | $2.06 | 13.1% | 24.1% |
| 2003 | $1.47B | +11.8% | $2.81B | $2.02 | 13.2% | 25.1% |
| 2002 | $1.32B | +4.4% | $2.58B | $1.85 | 12.5% | 24.6% |
| 2001 | $1.26B | -3.9% | $2.39B | $1.82 | 12.4% | 23.5% |
| 2000 | $1.31B | +2.9% | $2.40B | $2.01 | 13.0% | 23.9% |
| 1999 | $1.28B | +30.6% | $2.25B | $1.86 | 13.7% | 24.2% |
| 1998 | $977M | +0.5% | $2.28B | $1.40 | 10.3% | 24.0% |
| 1997 | $972M | -13.8% | $2.67B | $1.42 | 7.7% | 21.1% |
| 1996 | $1.13B | +2.2% | $2.60B | $1.68 | 10.9% | 25.1% |
| 1995 | $1.10B | +11.5% | $2.69B | $1.66 | 12.0% | 29.3% |
| 1994 | $989M | - | $2.43B | $1.52 | 11.9% | 29.2% |
Download Data
Export SO earnings history in CSV or JSON format
Free sign-in required to download data
Full Stock Analysis
Deep dive into SO consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
32+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
SO — Frequently Asked Questions
Quick answers to the most common questions about buying SO stock.
What is SO earnings per share (EPS)?
SO trailing twelve-month (TTM) diluted EPS is $3.87, reflecting -1.8% year-over-year growth. The 5-year EPS CAGR is +5.9%. Complete EPS history from 1994 to 2025 is available in the table on this page.
What is The Southern Company's net income?
The Southern Company (SO) trailing twelve-month net income is $4.4B as of 2025. Earnings declined -1.8% year-over-year. The Southern Company has been profitable for 32 consecutive years.
Is SO profitable?
Yes, SO is profitable with a TTM net income of $4.4B and a net profit margin of +14.7%. The Southern Company has generated profits for 32 consecutive years.
What is SO's earnings growth rate?
SO compound annual EPS growth rates (CAGR): 1-Year: -1.8%, 3-Year: +6.3%, 5-Year: +5.9%, 10-Year: +4.2%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1994 to 2025.
What are SO's profit margins?
The Southern Company net profit margin is +14.7%, operating margin is +24.6%, and gross margin is +29.8%. Margins are within a typical range for the sector. Return on Equity is +11.5%.
Is SO growing earnings?
SO earnings growth is slowing. Current YoY EPS growth of -1.8% trails the 5-year CAGR of +5.9%. TTM net income is $4.4B.
What was SO's best earnings year?
The Southern Company's highest annual net income on record is $4.8B, achieved in fiscal year 2019. Earnings history on this page spans 1994 to 2025 and includes all annual and quarterly figures.
What were SO's earnings last quarter?
SO's most recent reported quarter was Q1 2026. Net income was $1.4B with diluted EPS of $1.20. For a full breakdown of all quarters, see the quarterly earnings table on this page.