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SOJD logoSouthern Company (The) Series 2(SOJD)Earnings, Financials & Key Ratios

SOJD•NYSE•Utilities
$20.08
$22.48B mkt cap·5.1× P/E·Price updated May 6, 2026
SectorUtilitiesIndustryElectric UtilitiesSub-IndustryElectric and gas combination utilities
AboutThe Southern Co is a holding company, which engages in the generation and sale of electricity. It operates through the following segments: Traditional Electric Operating Companies, Southern Power and Southern Company Gas. The Traditional Electric Operating Companies segment refers to vertically integrated utilities that own generation, transmission and distribution facilities, and supplies electric services in the states of Alabama, Georgia, Florida, and Mississippi. The Southern Power segment constructs, acquires, owns, and manages generation assets such as renewable energy projects and sells electricity in the wholesale market. The Southern Company Gas segment distributes natural gas through natural gas distribution facilities in the states of Illinois, Georgia, Virginia, New Jersey, Florida, Tennessee, and Maryland. The company was founded on November 9, 1945, and is headquartered in Atlanta, GA.Show more
  • Revenue$29.55B+10.6%
  • EBITDA$13.31B+8.0%
  • Net Income$4.34B-1.4%
  • Free Cash Flow-$3.59B-1886.1%
  • EBITDA Margin45.05%-2.4%
  • Net Margin14.69%-10.8%
  • ROE11.49%-6.1%
  • Interest Coverage2.51-11.3%
  • Debt/Equity1.94+7.3%
  • Net Debt/EBITDA5.54+4.7%
  • CapEx / Revenue0%
Analysis→Technical→

SOJD Key Insights

Southern Company (The) Series 2 (SOJD) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 95 (top 5%)
  • ✓Trading at only 0.6x book value

✗Weaknesses

  • ✗High leverage: 5.7x Debt/EBITDA

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

SOJD Price & Volume

Southern Company (The) Series 2 (SOJD) stock price & volume — 10-year historical chart

Loading chart...

SOJD Growth Metrics

Southern Company (The) Series 2 (SOJD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years5.38%
5 Years7.72%
3 Years0.31%
TTM10.59%

Profit CAGR

10 Years6.01%
5 Years6.84%
3 Years7.2%
TTM-1.36%

EPS CAGR

10 Years3.99%
5 Years6.81%
3 Years6.34%
TTM-

Return on Capital

10 Years5.06%
5 Years4.71%
3 Years5.24%
Last Year5.44%

SOJD Recent Earnings

Southern Company (The) Series 2 (SOJD) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 7/12 qtrs (64%)●Beat Revenue 8/12 qtrs (73%)
Q1 2026Latest
Feb 19, 2026
EPS
$0.55
Est $0.56
-1.4%
Revenue
$7.0B
Est $6.1B
+14.5%
Q4 2025
Oct 29, 2025
EPS
$1.54
Est $1.51
+2.0%
Revenue
$7.8B
Est $7.6B
+2.7%
Q3 2025
Jul 30, 2025
EPS
$0.79
Est $0.88
-9.3%
Revenue
$7.0B
Est $6.4B
+9.6%
Q2 2025
Apr 30, 2025
EPS
$1.21
Est $1.20
+0.8%
Revenue
$7.8B
Est $7.2B
+8.7%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q1 2026LatestFeb 19, 2026
$0.55vs $0.56-1.4%
$7.0Bvs $6.1B+14.5%
Q4 2025Oct 29, 2025
$1.54vs $1.51+2.0%
$7.8Bvs $7.6B+2.7%
Q3 2025Jul 30, 2025
$0.79vs $0.88-9.3%
$7.0Bvs $6.4B+9.6%
Q2 2025Apr 30, 2025
$1.21vs $1.20+0.8%
$7.8Bvs $7.2B+8.7%
Based on last 12 quarters of dataView full earnings history →

SOJD Peer Comparison

Southern Company (The) Series 2 (SOJD) competitors in Electric and gas combination utilities — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
NEE logoNEENextEra Energy, Inc.Direct Competitor198.92B95.3928.9911%29.3%12.66%1.44
DUK logoDUKDuke Energy CorporationDirect Competitor97.7B125.5419.906.19%15.44%9.6%1.71
D logoDDominion Energy, Inc.Direct Competitor54.18B61.6417.8714.16%13.48%7.08%1.46
AEP logoAEPAmerican Electric Power Company, Inc.Direct Competitor72.04B132.5319.909.37%16.49%11.45%1.56
EXC logoEXCExelon CorporationDirect Competitor46.05B45.0216.435.34%11.21%9.76%1.76
XEL logoXELXcel Energy Inc.Direct Competitor50.28B80.5523.559.14%14.14%9.34%1.47
ES logoESEversource EnergyDirect Competitor25.75B68.5215.0313.83%12.49%10.6%1.85
SO logoSOThe Southern CompanyProduct Competitor105.41B93.5123.8510.59%14.46%11.3%1.69

Compare SOJD vs Peers

Southern Company (The) Series 2 (SOJD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs NEE

Most directly comparable listed peer for SOJD.

Scale Benchmark

vs GE

Larger-name benchmark to compare SOJD against a more recognizable public peer.

Peer Set

Compare Top 5

vs NEE, DUK, D, AEP

SOJD Income Statement

Southern Company (The) Series 2 (SOJD) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Revenue23.11B23.61B21.19B20.38B23.11B29.28B25.25B26.72B29.55B
Revenue Growth %16.38%2.16%-10.25%-3.86%13.44%26.68%-13.75%5.83%10.59%
Cost of Revenue15.87B16.98B14.81B10.48B12.87B18.65B13.54B13.38B20.74B
Gross Profit
7.24B▲ 0%
6.64B▼ 8.4%
6.38B▼ 3.9%
9.9B▲ 55.1%
10.25B▲ 3.5%
10.63B▲ 3.7%
11.71B▲ 10.2%
13.34B▲ 14.0%
8.81B▼ 34.0%
Gross Margin %31.34%28.11%30.1%48.57%44.33%36.3%46.36%49.93%29.81%
Gross Profit Growth %16.71%-8.35%-3.9%55.13%3.54%3.71%10.17%13.96%-33.98%
Operating Expenses1.25B1.31B1.23B5.01B6.55B5.26B5.88B6.27B1.54B
Other Operating Expenses---------
EBITDA9.44B8.88B8.47B8.79B7.67B9.43B10.81B12.33B13.31B
EBITDA Margin %40.82%37.6%39.99%43.14%33.19%32.22%42.81%46.15%45.05%
EBITDA Growth %17.66%-5.88%-4.56%3.72%-12.73%22.98%14.61%14.08%7.95%
Depreciation & Amortization3.44B3.56B3.33B3.9B3.97B4.06B4.99B5.27B6.03B
D&A / Revenue %14.89%15.06%15.69%19.17%17.19%13.88%19.74%19.71%20.4%
Operating Income (EBIT)
5.99B▲ 0%
5.32B▼ 11.2%
5.15B▼ 3.3%
4.88B▼ 5.1%
3.7B▼ 24.3%
5.37B▲ 45.2%
5.83B▲ 8.5%
7.07B▲ 21.3%
7.29B▲ 3.1%
Operating Margin %25.93%22.54%24.3%23.98%16%18.34%23.07%26.45%24.65%
Operating Income Growth %17.67%-11.18%-3.27%-5.15%-24.3%45.21%8.49%21.32%3.07%
Interest Expense001.82B0002.57B2.71B3.31B
Interest Coverage--3.08x---2.50x2.83x2.51x
Interest / Revenue %0%0%8.57%0%0%0%10.17%10.14%11.18%
Non-Operating Income-1000K-1000K-1000K-1000K-1000K-1000K-1000K-1000K-1000K
Pretax Income
1.07B▲ 0%
2.75B▲ 157.4%
6.54B▲ 138.0%
3.48B▼ 46.8%
2.56B▼ 26.4%
4.21B▲ 64.5%
4.34B▲ 3.2%
5.23B▲ 20.3%
5B▼ 4.4%
Pretax Margin %4.62%11.64%30.87%17.08%11.08%14.39%17.21%19.57%16.92%
Income Tax142M449M1.8B393M267M795M496M969M828M
Effective Tax Rate %13.3%16.33%27.48%11.29%10.43%18.87%11.42%18.53%16.56%
Net Income
880M▲ 0%
2.24B▲ 154.8%
4.75B▲ 112.0%
3.12B▼ 34.4%
2.39B▼ 23.3%
3.52B▲ 47.3%
3.98B▲ 12.8%
4.4B▲ 10.7%
4.34B▼ 1.4%
Net Margin %3.81%9.49%22.43%15.31%10.35%12.04%15.74%16.47%14.69%
Net Income Growth %-64.7%154.77%112.04%-34.39%-23.28%47.26%12.83%10.69%-1.36%
EPS (Diluted)
0.87▲ 0%
2.19▲ 151.7%
4.50▲ 105.5%
2.82▼ 37.3%
2.24▼ 20.6%
3.26▲ 45.5%
3.62▲ 11.0%
3.99▲ 10.2%
3.92▼ 1.8%
EPS Growth %-66.54%151.72%105.48%-37.33%-20.57%45.54%11.04%10.22%-1.75%
EPS (Basic)0.882.204.532.822.263.283.644.023.94
Diluted Shares Outstanding1.01B1.02B1.05B1.1B1.07B1.08B1.1B1.1B1.11B

SOJD Balance Sheet

Southern Company (The) Series 2 (SOJD) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Assets111B116.91B118.7B122.94B127.53B134.89B139.33B145.18B155.72B
Asset Growth %1.19%5.32%1.53%3.57%3.74%5.77%3.29%4.2%7.26%
PP&E (Net)79.87B80.8B84.88B89.44B92.81B96.1B101.28B00
PP&E / Total Assets %71.95%69.11%71.51%72.75%72.77%71.24%72.69%0%0%
Total Current Assets10.07B9.58B9.82B8.62B8.96B10.42B10.43B10.69B10.92B
Cash & Equivalents2.13B1.4B1.98B1.06B1.8B1.92B748M1.07B1.64B
Receivables1000K1000K1000K1000K1000K1000K1000K1000K1000K
Inventory2.63B2.39B2.39B2.49B2.35B2.68B3.35B00
Other Current Assets1.51B2.12B1.73B1.45B2.04B1.76B2.48B5.33B5.21B
Long-Term Investments4.37B4.37B4.52B4.62B4.48B4.19B4.46B4.71B4.98B
Goodwill6.27B5.32B5.28B5.28B5.28B5.16B5.16B5.16B5.16B
Intangible Assets873M613M536M487M445M406M368M332M300M
Other Assets8.73B15.44B12.87B13.7B14.73B17.75B16.75B124.29B134.36B
Total Liabilities85.15B87.58B86.65B90.41B94.97B100.36B104.11B108.51B116.85B
Total Debt50.79B46.85B48.69B51.04B53.58B59.13B63.49B66.28B75.36B
Net Debt48.66B45.45B46.71B49.98B51.78B57.22B62.74B65.21B73.72B
Long-Term Debt44.29B40.56B41.59B44.86B49.92B50.36B56.92B58.49B66.18B
Short-Term Borrowings6.3B6.11B5.27B4.36B1.69B7.09B4.78B6.05B7.14B
Capital Lease Obligations204M197M1.82B1.82B1.97B1.68B1.79B1.74B2.04B
Total Current Liabilities13.59B14.29B12.55B12.08B10.92B15.72B13.47B15.99B16.89B
Accounts Payable3.08B3.44B2.56B2.81B2.17B3.52B2.9B3.7B3.71B
Accrued Expenses1.5B1.03B992M1.02B1.07B1.13B1.15B00
Deferred Revenue6M656M00106M0868M486M0
Other Current Liabilities2.68B3.71B3.06B3.06B5.62B3.16B3.58B5.55B5.04B
Deferred Taxes1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Liabilities27.1B32.54B20.51B21.24B12.48B20.42B19.07B20.76B17.61B
Total Equity
25.85B▲ 0%
29.33B▲ 13.5%
32.05B▲ 9.3%
32.52B▲ 1.5%
32.57B▲ 0.1%
34.53B▲ 6.0%
35.23B▲ 2.0%
36.67B▲ 4.1%
38.87B▲ 6.0%
Equity Growth %-3.87%13.45%9.27%1.48%0.13%6.03%2.01%4.11%5.98%
Shareholders Equity24.49B25.01B27.8B28.26B28.16B30.41B31.44B33.21B36.02B
Minority Interest1.36B4.32B4.25B4.26B4.4B4.12B3.78B3.47B2.85B
Common Stock5.04B5.16B5.26B5.27B5.28B5.42B5.42B5.45B5.55B
Additional Paid-in Capital10.47B11.09B11.73B11.83B11.95B13.67B13.78B14.15B15.74B
Retained Earnings8.88B8.71B10.88B11.31B10.93B11.54B12.48B13.75B14.86B
Accumulated OCI-189M-203M-321M-395M-237M-167M-177M-78M-75M
Return on Assets (ROA)0.8%1.97%4.04%2.58%1.91%2.69%2.9%3.09%2.89%
Return on Equity (ROE)3.34%8.13%15.49%9.66%7.35%10.5%11.4%12.24%11.49%
Debt / Equity1.96x1.60x1.52x1.57x1.65x1.71x1.80x1.81x1.94x
Debt / Assets45.76%40.07%41.02%41.52%42.01%43.84%45.57%45.65%48.4%
Net Debt / EBITDA5.16x5.12x5.51x5.69x6.75x6.07x5.80x5.29x5.54x
Book Value per Share25.6528.6130.4129.630.4931.9432.0833.2835.05

SOJD Cash Flow Statement

Southern Company (The) Series 2 (SOJD) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations6.39B6.95B5.78B6.7B6.17B6.3B7.55B9.79B9.8B
Operating CF Growth %30.67%8.6%-16.76%15.83%-7.87%2.16%19.85%29.59%0.14%
Operating CF / Revenue %27.67%29.41%27.28%32.86%26.69%21.52%29.91%36.63%33.17%
Net Income880M2.24B4.75B3.13B2.41B3.54B3.98B4.26B4.17B
Depreciation & Amortization3.44B3.56B3.33B3.9B3.98B4.06B4.96B5.26B6.03B
Deferred Taxes166M94M611M-241M-49M670M63M536M618M
Other Non-Cash Items10.15B7.85B-3.07B290M611M-2.12B-1.31B-1.82B-1.55B
Working Capital Changes-949M276M162M-389M-783M160M-135M1.42B399M
Capital Expenditures-7.74B-8.39B-7.95B-7.8B-7.68B-8.57B-9.69B-9.59B-13.39B
CapEx / Revenue %33.47%35.52%37.5%38.29%33.24%29.28%38.36%0%0%
CapEx / D&A2.25x2.36x2.39x2.00x1.93x2.11x1.95x0.00x0.00x
CapEx Coverage (OCF/CapEx)0.83x0.83x0.73x0.86x0.80x0.74x0.78x--
Cash from Investing-7.11B-3.21B-3.2B-6.67B-6.85B-8.36B-9.65B-9.4B-13.96B
Acquisitions-1.14B5.33B5.12B1.25B1.07B348M185M0-635M
Purchase of Investments-828M-1.12B-888M-877M-1.6B-1.13B-1.14B00
Sale of Investments839M1.11B882M871M1.59B1.11B1.12B00
Other Investing1.76B-142M-362M-110M-238M-120M-124M-9.4B-13.32B
Cash from Financing871M-4.36B-2.13B-939M1.44B2.26B978M-208M4.7B
Dividends Paid-2.3B-2.42B-2.57B-2.69B-2.78B-2.91B-3.04B-2.95B-3.02B
Dividend Payout Ratio %261.36%108.16%54.06%86.09%116.05%82.49%76.33%67.12%69.45%
Debt Issuance (Net)1000K-1000K1000K1000K1000K1000K1000K1000K1000K
Stock Issued1.04B1.09B844M74M73M1.51B36M143M1.62B
Share Repurchases-658M-33M0000000
Other Financing-341M-417M-413M-596M-617M-477M-394M-366M-704M
Net Change in Cash
155M▲ 0%
-734M▼ 573.5%
579M▲ 178.9%
-910M▼ 257.2%
733M▲ 180.5%
119M▼ 83.8%
-1.17B▼ 1082.4%
180M▲ 115.4%
539M▲ 199.4%
Exchange Rate Effect00120M0-28M-89M-53M00
Cash at Beginning1.98B2.13B1.4B1.98B1.06B1.8B1.92B921M1.1B
Cash at End2.13B1.4B1.98B1.06B1.8B1.92B748M1.1B1.64B
Free Cash Flow
-1.34B▲ 0%
-1.44B▼ 7.7%
-2.17B▼ 50.1%
-1.11B▲ 49.0%
-1.51B▼ 36.8%
-2.27B▼ 50.0%
-2.13B▲ 6.0%
201M▲ 109.4%
-3.59B▼ 1886.1%
FCF Growth %90.82%-7.68%-50.07%48.96%-36.8%-50.03%5.99%109.42%-1886.07%
FCF Margin %-5.8%-6.11%-10.22%-5.43%-6.55%-7.75%-8.45%0.75%-12.15%
FCF / Net Income %-152.39%-64.41%-45.58%-35.46%-63.23%-64.42%-53.67%4.57%-82.7%

SOJD Key Ratios

Southern Company (The) Series 2 (SOJD) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)10.17%3.34%8.13%15.49%9.66%7.35%10.5%11.4%12.24%11.49%
EBITDA Margin40.38%40.82%37.6%39.99%43.14%33.19%32.22%42.81%46.15%45.05%
Net Debt / EBITDA5.67x5.16x5.12x5.51x5.69x6.75x6.07x5.80x5.29x5.54x
Interest Coverage---3.08x---2.50x2.83x2.51x
CapEx / Revenue98.16%33.47%35.52%37.5%38.29%33.24%29.28%38.36%0%0%
Dividend Payout Ratio84.4%261.36%108.16%54.06%86.09%116.05%82.49%76.33%67.12%69.45%
Debt / Equity1.76x1.96x1.60x1.52x1.57x1.65x1.71x1.80x1.81x1.94x
EPS Growth-1.89%-66.54%151.72%105.48%-37.33%-20.57%45.54%11.04%10.22%-1.75%

SOJD SEC Filings & Documents

Southern Company (The) Series 2 (SOJD) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Mar 19, 2026·SEC

Material company update

Feb 25, 2026·SEC

Material company update

Feb 19, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 19, 2026·SEC

FY 2025

Feb 20, 2025·SEC

10-Q Quarterly Reports

3
FY 2025

Oct 30, 2025·SEC

FY 2025

Jul 31, 2025·SEC

FY 2025

May 1, 2025·SEC

SOJD Frequently Asked Questions

Southern Company (The) Series 2 (SOJD) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Southern Company (The) Series 2 (SOJD) reported $29.55B in revenue for fiscal year 2025. This represents a 79% increase from $16.54B in 2012.

Southern Company (The) Series 2 (SOJD) grew revenue by 10.6% over the past year. This is steady growth.

Yes, Southern Company (The) Series 2 (SOJD) is profitable, generating $4.34B in net income for fiscal year 2025 (14.7% net margin).

Dividend & Returns

Yes, Southern Company (The) Series 2 (SOJD) pays a dividend with a yield of 13.54%. This makes it attractive for income-focused investors.

Southern Company (The) Series 2 (SOJD) has a return on equity (ROE) of 11.5%. This is reasonable for most industries.

Southern Company (The) Series 2 (SOJD) generated $9.80B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics

Southern Company (The) Series 2 (SOJD) has a dividend payout ratio of 69%. This suggests the dividend is well-covered and sustainable.

Explore More SOJD

Southern Company (The) Series 2 (SOJD) financial analysis — history, returns, DCA and operating performance tools

Full SOJD Stock Analysis

Analyst verdict, bull/bear case, risk factors and peer comparison

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Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

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