Last 48 quarters of trend data · Utilities · Electric & Multi-Utilities
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 21.46 | 11.77 | 23.23 | 20.11 | 58.92 | 15.38 | 28.70 | 19.00 | 42.88 | 16.22 | 17.79 | 17.41 | 22.47 | 12.54 | 23.11 | 22.02 | — | 12.59 | 17.31 | 18.69 | — |
| — | -23.5% | -19.0% | +5.8% | +37.4% | -5.1% | +61.3% | +9.1% | +90.8% | +29.3% | -23.0% | -20.9% | — | -0.4% | +33.5% | +17.8% | — | -16.3% | -60.0% | +27.5% | — | |
| P/S Ratio | 3.34 | 2.72 | 3.91 | 3.24 | 3.46 | 3.36 | 3.64 | 3.27 | 3.61 | 3.42 | 3.31 | 2.97 | 3.19 | 2.55 | 3.35 | 2.95 | 2.76 | 2.21 | 2.65 | 2.91 | 3.16 |
| — | -19.1% | +7.6% | -0.8% | -4.1% | -1.7% | +9.9% | +10.1% | +13.3% | +34.2% | -1.3% | +0.7% | +15.4% | +15.4% | +26.5% | +1.1% | -12.5% | -16.8% | -14.6% | +4.0% | -0.6% | |
| P/B Ratio | 2.63 | 2.15 | 2.58 | 2.73 | 2.49 | 2.75 | 2.72 | 2.73 | 2.50 | 2.70 | 2.37 | 2.22 | 2.19 | 2.01 | 2.23 | 2.21 | 2.25 | 2.07 | 2.30 | 2.35 | 2.24 |
| — | -21.9% | -5.1% | -0.1% | -0.4% | +2.0% | +14.6% | +23.2% | +14.2% | +33.8% | +6.5% | +0.2% | -3.0% | -2.7% | -3.2% | -6.1% | +0.8% | +4.9% | +17.6% | +18.5% | +11.9% | |
| P/FCF | 46.72 | 616.36 | 4.88 | — | — | 68.49 | — | — | — | 21.76 | 51.08 | — | — | 100.46 | 2410.45 | — | — | — | 99.02 | 112.01 | — |
| — | +800.0% | — | — | — | +214.8% | — | — | — | -78.3% | -97.9% | — | — | — | +2334.3% | — | — | — | — | — | — | |
| EV / EBITDA | 12.50 | 9.17 | 13.59 | 12.78 | 16.81 | 10.56 | 13.31 | 12.38 | 16.28 | 11.01 | 11.54 | 12.10 | 14.01 | 9.77 | 13.78 | 13.86 | 30.20 | 9.80 | 12.32 | 13.88 | 45.31 |
| — | -13.1% | +2.1% | +3.2% | +3.2% | -4.2% | +15.4% | +2.3% | +16.2% | +12.8% | -16.3% | -12.7% | -53.6% | -0.3% | +11.8% | -0.2% | -33.3% | -10.2% | -28.6% | +20.8% | +172.9% | |
| EV / EBIT | 24.28 | 12.54 | 25.80 | 19.61 | 36.52 | 15.32 | 21.21 | 18.71 | 31.66 | 15.70 | 17.26 | 18.31 | 24.37 | 14.02 | 22.44 | 22.99 | 103.25 | 13.33 | 17.44 | 20.26 | — |
| — | -18.1% | +21.7% | +4.9% | +15.3% | -2.4% | +22.9% | +2.2% | +29.9% | +12.0% | -23.1% | -20.4% | -76.4% | +5.2% | +28.7% | +13.5% | — | -13.1% | -51.4% | +20.2% | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.8% | 76.1% | 51.3% | 46.5% | 18.8% | 55.0% | 50.1% | 48.1% | 42.0% | 54.3% | 53.9% | 48.8% | 41.2% | 53.8% | 47.7% | 42.0% | 26.4% | 40.5% | 41.2% | 39.5% | 31.4% |
| — | +38.2% | +2.4% | -3.4% | -55.2% | +1.2% | -7.2% | -1.4% | +2.0% | +1.0% | +13.0% | +16.2% | +56.0% | +32.6% | +15.8% | +6.4% | -16.0% | -17.6% | -9.3% | -17.2% | -22.7% | |
| Operating Margin | 24.6% | 33.9% | 25.5% | 24.0% | 13.0% | 33.2% | 25.3% | 25.9% | 16.7% | 32.6% | 30.0% | 25.6% | 20.0% | 30.2% | 22.4% | 18.8% | 2.0% | 26.2% | 23.0% | 20.8% | -5.7% |
| — | +2.3% | +0.6% | -7.0% | -21.8% | +1.9% | -15.7% | +0.9% | -16.4% | +7.7% | +33.7% | +36.3% | +919.6% | +15.5% | -2.3% | -9.7% | +134.1% | -5.2% | +68.6% | -23.0% | -140.3% | |
| Net Margin | 14.7% | 23.1% | 16.8% | 16.1% | 6.0% | 21.9% | 12.6% | 17.2% | 8.4% | 21.1% | 18.6% | 17.0% | 14.1% | 20.4% | 14.6% | 13.3% | -1.2% | 17.6% | 15.4% | 15.6% | -3.7% |
| — | +5.8% | +33.3% | -5.9% | -29.2% | +3.6% | -32.2% | +1.0% | -40.5% | +3.6% | +27.7% | +27.7% | +1259.0% | +15.7% | -5.4% | -14.6% | +66.6% | -0.6% | +113.1% | -19.1% | -147.9% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.5% | 4.7% | 2.9% | 3.4% | 1.1% | 4.5% | 2.4% | 3.6% | 1.5% | 4.2% | 3.4% | 3.2% | 2.4% | 4.1% | 2.4% | 2.5% | -0.2% | 4.3% | 3.4% | 3.2% | -0.6% |
| — | +3.8% | +20.9% | -4.7% | -25.7% | +7.6% | -29.6% | +13.3% | -40.1% | +3.4% | +38.5% | +27.7% | +1090.4% | -4.9% | -27.9% | -21.1% | +61.7% | +28.8% | +196.5% | -8.5% | -153.3% | |
| ROA | 2.9% | 1.3% | 0.7% | 0.9% | 0.3% | 1.1% | 0.6% | 0.9% | 0.4% | 1.1% | 0.9% | 0.8% | 0.6% | 1.0% | 0.6% | 0.6% | -0.1% | 1.1% | 0.9% | 0.8% | -0.2% |
| — | +10.7% | +24.2% | -4.7% | -27.1% | +5.5% | -30.5% | +12.6% | -40.0% | +4.0% | +38.4% | +26.4% | +1062.3% | -7.3% | -28.0% | -20.9% | +61.3% | +27.9% | +186.3% | -11.8% | -152.0% | |
| ROIC | 5.1% | 1.9% | 1.2% | 1.3% | 0.6% | 1.8% | 1.2% | 1.5% | 0.8% | 1.8% | 1.4% | 1.3% | 0.9% | 1.7% | 1.0% | 1.0% | 0.1% | 1.8% | 1.4% | 1.2% | -0.3% |
| — | +6.1% | -7.8% | -8.2% | -20.6% | +2.4% | -13.9% | +13.0% | -16.2% | +6.3% | +41.6% | +31.1% | +721.2% | -10.1% | -27.8% | -17.9% | +139.5% | +22.3% | +127.1% | -16.4% | -143.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.91 | 1.68 | 1.82 | 1.90 | 1.91 | 1.93 | 1.90 | 1.88 | 1.81 | 1.76 | 1.81 | 1.83 | 1.80 | 1.76 | 1.80 | 1.75 | 1.71 | 1.59 | 1.70 | 1.70 | 1.70 |
| — | -12.6% | -4.0% | +1.1% | +5.5% | +9.3% | +4.5% | +2.8% | +0.3% | -0.1% | +0.8% | +4.6% | +5.3% | +11.3% | +6.1% | +3.1% | +0.5% | -2.6% | +4.1% | +6.4% | +8.5% | |
| Debt / EBITDA | 5.57 | 16.30 | 22.86 | 21.12 | 29.44 | 17.73 | 22.04 | 20.50 | 27.52 | 17.53 | 20.16 | 22.01 | 25.46 | 18.47 | 25.03 | 24.70 | 52.89 | 17.26 | 21.22 | 23.57 | 79.47 |
| — | -8.1% | +3.7% | +3.1% | +7.0% | +1.1% | +9.3% | -6.9% | +8.1% | -5.1% | -19.5% | -10.9% | -51.9% | +7.0% | +18.0% | +4.8% | -33.4% | -14.0% | -33.4% | +13.4% | +169.5% | |
| Current Ratio | 0.65 | 0.84 | 0.79 | 0.65 | 0.65 | 0.75 | 0.74 | 0.86 | 0.67 | 0.91 | 0.91 | 0.92 | 0.77 | 0.84 | 0.83 | 0.69 | 0.66 | 0.81 | 0.85 | 0.89 | 0.82 |
| — | +11.1% | +6.1% | -24.2% | -3.3% | -16.8% | -18.9% | -6.7% | -13.7% | +8.2% | +10.2% | +33.8% | +16.9% | +3.7% | -2.6% | -22.8% | -19.3% | -5.8% | +4.0% | +9.0% | +15.1% | |
| Quick Ratio | 0.45 | 0.59 | 0.58 | 0.44 | 0.45 | 0.56 | 0.53 | 0.64 | 0.46 | 0.63 | 0.64 | 0.63 | 0.53 | 0.60 | 0.61 | 0.49 | 0.49 | 0.60 | 0.65 | 0.69 | 0.61 |
| — | +5.9% | +8.7% | -30.3% | -2.0% | -11.0% | -17.2% | +0.2% | -12.9% | +4.7% | +5.8% | +29.6% | +6.8% | +0.1% | -7.3% | -29.0% | -18.7% | -8.9% | +2.5% | +9.8% | +19.3% | |
| Interest Coverage | 2.51 | 4.02 | 2.23 | 3.01 | 1.20 | 3.80 | 2.31 | 3.17 | 1.79 | 3.76 | 3.13 | 2.95 | 2.26 | 3.79 | 2.51 | 2.54 | 0.58 | 4.72 | 3.85 | 3.52 | -0.17 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying SO stock.
The Southern Company's current P/E is 21.5x. The average P/E over the last 4 quarters is 28.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
The Southern Company's current operating margin is 24.6%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking The Southern Company's business trajectory between earnings reports.