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6Mar 19, 2026·SEC
Feb 25, 2026·SEC
Feb 19, 2026·SEC
Southern Company (The) Series 2 (SOJE) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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Southern Company (The) Series 2 (SOJE) stock price & volume — 10-year historical chart
Southern Company (The) Series 2 (SOJE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Southern Company (The) Series 2 (SOJE) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 19, 2026 | $0.55vs $0.56-1.4% | $7.0Bvs $6.1B+14.5% |
| Q4 2025 | Oct 29, 2025 | $1.54vs $1.51+2.0% | $7.8Bvs $7.6B+2.7% |
| Q3 2025 | Jul 30, 2025 | $0.79vs $0.88-9.3% | $7.0Bvs $6.4B+9.6% |
| Q2 2025 | Apr 30, 2025 | $1.21vs $1.20+0.8% | $7.8Bvs $7.2B+8.7% |
Southern Company (The) Series 2 (SOJE) competitors in Electric and gas combination utilities — business model, growth, and fundamentals comparison
Southern Company (The) Series 2 (SOJE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Southern Company (The) Series 2 (SOJE) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 23.03B | 23.5B | 21.42B | 20.38B | 23.11B | 29.28B | 25.25B | 26.72B | 29.55B |
Revenue Growth % | 15.76% | 2.01% | -8.84% | -4.87% | 13.44% | 26.68% | -13.75% | 5.83% | 10.59% |
Cost of Revenue | 13.12B | 13.88B | 11.82B | 10.48B | 12.87B | 18.65B | 13.54B | 13.38B | 20.74B |
Gross Profit | 9.91B▲ 0% | 9.62B▼ 3.0% | 9.6B▼ 0.1% | 9.9B▲ 3.1% | 10.25B▲ 3.5% | 10.63B▲ 3.7% | 11.71B▲ 10.2% | 13.34B▲ 14.0% | 8.81B▼ 34.0% |
Gross Margin % | 43.05% | 40.93% | 44.83% | 48.57% | 44.33% | 36.3% | 46.36% | 49.93% | 29.81% |
Gross Profit Growth % | 16.24% | -3.02% | -0.14% | 3.06% | 3.54% | 3.71% | 10.17% | 13.96% | -33.98% |
Operating Expenses | 7.58B | 5.42B | 1.87B | 5.01B | 6.55B | 5.26B | 5.88B | 6.27B | 1.54B |
Other Operating Expenses | - | - | - | - | - | - | - | - | - |
EBITDA | 5.79B | 7.74B | 11.07B | 8.79B | 7.67B | 9.43B | 10.81B | 12.33B | 13.3B |
EBITDA Margin % | 25.14% | 32.94% | 51.67% | 43.14% | 33.19% | 32.22% | 42.81% | 46.15% | 45.01% |
EBITDA Growth % | -21.85% | 33.68% | 42.98% | -20.57% | -12.73% | 22.98% | 14.61% | 14.08% | 7.84% |
Depreciation & Amortization | 3.46B | 3.55B | 3.33B | 3.9B | 3.97B | 4.06B | 4.99B | 5.27B | 6.03B |
D&A / Revenue % | 15.01% | 15.11% | 15.55% | 19.17% | 17.19% | 13.88% | 19.74% | 19.71% | 20.4% |
Operating Income (EBIT) | 2.33B▲ 0% | 4.19B▲ 79.6% | 7.74B▲ 84.6% | 4.88B▼ 36.9% | 3.7B▼ 24.3% | 5.37B▲ 45.2% | 5.83B▲ 8.5% | 7.07B▲ 21.3% | 7.27B▲ 2.9% |
Operating Margin % | 10.13% | 17.84% | 36.12% | 23.98% | 16% | 18.34% | 23.07% | 26.45% | 24.6% |
Operating Income Growth % | -47.99% | 79.64% | 84.59% | -36.85% | -24.3% | 45.21% | 8.49% | 21.32% | 2.87% |
Interest Expense | 1.69B | 1.84B | 1.74B | 1.82B | 1.84B | 2.02B | 2.45B | 2.74B | 3.31B |
Interest Coverage | 1.63x | 2.49x | 4.77x | 2.92x | 2.40x | 3.09x | 2.78x | 2.91x | 2.51x |
Interest / Revenue % | 7.36% | 7.84% | 8.1% | 8.94% | 7.95% | 6.91% | 9.69% | 10.26% | 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% | 3.5B▼ 46.6% | 2.58B▼ 26.3% | 4.22B▲ 63.9% | 4.34B▲ 2.9% | 5.23B▲ 20.3% | 5B▼ 4.4% |
Pretax Margin % | 4.64% | 11.7% | 30.54% | 17.16% | 11.15% | 14.42% | 17.21% | 19.57% | 16.92% |
Income Tax | 142M | 449M | 1.8B | 393M | 267M | 795M | 496M | 969M | 828M |
Effective Tax Rate % | 13.3% | 16.33% | 27.48% | 11.24% | 10.36% | 18.83% | 11.42% | 18.53% | 16.56% |
Net Income | 880M▲ 0% | 2.24B▲ 154.8% | 4.75B▲ 112.0% | 3.13B▼ 34.1% | 2.41B▼ 23.2% | 3.54B▲ 46.8% | 3.98B▲ 12.5% | 4.4B▲ 10.7% | 4.34B▼ 1.4% |
Net Margin % | 3.82% | 9.54% | 22.2% | 15.38% | 10.42% | 12.07% | 15.74% | 16.47% | 14.69% |
Net Income Growth % | -64.7% | 154.77% | 112.04% | -34.08% | -23.17% | 46.8% | 12.48% | 10.69% | -1.36% |
EPS (Diluted) | 0.84▲ 0% | 2.15▲ 156.0% | 4.50▲ 109.3% | 2.95▼ 34.4% | 2.26▼ 23.4% | 3.26▲ 44.2% | 3.62▲ 11.0% | 3.99▲ 10.2% | 3.92▼ 1.8% |
EPS Growth % | -65.99% | 155.95% | 109.3% | -34.44% | -23.39% | 44.25% | 11.04% | 10.22% | -1.75% |
EPS (Basic) | 0.84 | 2.15 | 4.50 | 2.95 | 2.26 | 3.28 | 3.64 | 4.02 | 3.94 |
Diluted Shares Outstanding | 1.01B | 1.03B | 1.05B | 1.06B | 1.06B | 1.08B | 1.1B | 1.1B | 1.11B |
Southern Company (The) Series 2 (SOJE) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Total Assets | 111B | 116.91B | 118.7B | 122.94B | 127.53B | 134.89B | 139.33B | 145.18B | 155.72B |
Asset Growth % | 1.19% | 5.32% | 1.53% | 3.57% | 3.74% | 5.77% | 3.29% | 4.2% | 7.26% |
PP&E (Net) | 80.9B | 81.86B | 86.06B | 90.39B | 93.46B | 96.7B | 101.94B | 106.74B | 114.37B |
PP&E / Total Assets % | 72.88% | 70.02% | 72.5% | 73.53% | 73.28% | 71.69% | 73.16% | 73.52% | 73.45% |
Total Current Assets | 10.07B | 9.58B | 9.82B | 8.62B | 8.96B | 10.42B | 10.43B | 10.69B | 10.92B |
Cash & Equivalents | 2.13B | 1.4B | 1.98B | 1.06B | 1.8B | 1.92B | 748M | 1.07B | 1.64B |
Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Inventory | 2.63B | 2.39B | 2.39B | 2.49B | 2.35B | 2.68B | 3.35B | 3.37B | 3.33B |
Other Current Assets | 815M | 1.3B | 1.73B | 1.45B | 1.52B | 1.76B | 1.96B | 1.67B | 1.81B |
Long-Term Investments | 3.35B | 3.3B | 3.34B | 3.67B | 3.82B | 3.59B | 3.79B | 4.04B | 0 |
Goodwill | 6.27B | 5.32B | 5.28B | 5.28B | 5.28B | 5.16B | 5.16B | 5.16B | 5.16B |
Intangible Assets | 873M | 613M | 536M | 487M | 445M | 406M | 368M | 332M | 300M |
Other Assets | 9.55B | 16.24B | 13.67B | 14.5B | 15.56B | 18.62B | 17.64B | 18.21B | 24.97B |
Total Liabilities | 85.15B | 87.58B | 86.65B | 90.41B | 94.97B | 100.36B | 104.11B | 108.51B | 116.85B |
Total Debt | 50.79B | 46.85B | 48.69B | 51.04B | 55.47B | 59.13B | 63.49B | 66.28B | 65.82B |
Net Debt | 48.66B | 45.45B | 46.71B | 49.98B | 53.67B | 57.22B | 62.74B | 65.21B | 64.18B |
Long-Term Debt | 44.46B | 40.74B | 41.8B | 45.07B | 50.12B | 50.66B | 57.21B | 58.77B | 65.65B |
Short-Term Borrowings | 6.3B | 6.11B | 5.04B | 4.12B | 3.6B | 6.89B | 4.79B | 6.06B | 169M |
Capital Lease Obligations | 31M | 0 | 1.84B | 1.85B | 1.75B | 1.58B | 1.49B | 1.45B | 0 |
Total Current Liabilities | 13.59B | 14.29B | 12.55B | 12.08B | 10.92B | 15.72B | 13.47B | 15.99B | 16.89B |
Accounts Payable | 3.08B | 3.44B | 2.56B | 2.81B | 2.17B | 3.52B | 2.9B | 3.7B | 3.71B |
Accrued Expenses | 488M | 472M | 474M | 513M | 533M | 614M | 652M | 682M | 3.23B |
Deferred Revenue | 542M | 522M | 496M | 487M | 479M | 502M | 503M | 486M | 0 |
Other Current Liabilities | 2.52B | 3.09B | 3.09B | 3.09B | 3.2B | 3.17B | 3.57B | 3.81B | 9.06B |
Deferred Taxes | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Other Liabilities | 10.73B | 17.17B | 14.43B | 15.47B | 15.94B | 15.19B | 14.39B | 14.27B | 33.74B |
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 % | -3.28% | 13.45% | 9.27% | 1.48% | 0.13% | 6.03% | 2.01% | 4.11% | 5.98% |
Shareholders Equity | 24.49B | 25.01B | 27.8B | 28.26B | 28.16B | 30.41B | 31.44B | 33.21B | 36.02B |
Minority Interest | 1.36B | 4.32B | 4.25B | 4.26B | 4.4B | 4.12B | 3.78B | 3.47B | 2.85B |
Common Stock | 5.04B | 5.16B | 5.26B | 5.27B | 5.28B | 5.42B | 5.42B | 5.45B | 5.55B |
Additional Paid-in Capital | 10.47B | 11.09B | 11.73B | 11.83B | 11.95B | 13.67B | 13.78B | 14.15B | 15.74B |
Retained Earnings | 8.88B | 8.71B | 10.88B | 11.31B | 10.93B | 11.54B | 12.48B | 13.75B | 14.86B |
Accumulated OCI | -189M | -203M | -321M | -395M | -237M | -167M | -177M | -78M | -75M |
Return on Assets (ROA) | 0.8% | 1.97% | 4.04% | 2.59% | 1.92% | 2.69% | 2.9% | 3.09% | 2.89% |
Return on Equity (ROE) | 3.35% | 8.13% | 15.49% | 9.71% | 7.4% | 10.54% | 11.4% | 12.24% | 11.49% |
Debt / Equity | 1.96x | 1.60x | 1.52x | 1.57x | 1.70x | 1.71x | 1.80x | 1.81x | 1.69x |
Debt / Assets | 45.76% | 40.07% | 41.02% | 41.52% | 43.49% | 43.84% | 45.57% | 45.65% | 42.27% |
Net Debt / EBITDA | 8.40x | 5.87x | 4.22x | 5.69x | 7.00x | 6.07x | 5.80x | 5.29x | 4.83x |
Book Value per Share | 25.66 | 28.37 | 30.44 | 30.74 | 30.69 | 31.95 | 32.08 | 33.25 | 35.05 |
Southern Company (The) Series 2 (SOJE) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 6.39B | 6.95B | 5.78B | 6.7B | 6.17B | 6.3B | 7.55B | 9.79B | 9.8B |
Operating CF Growth % | 30.67% | 8.6% | -16.76% | 15.83% | -7.87% | 2.16% | 19.85% | 29.59% | 0.14% |
Operating CF / Revenue % | 27.77% | 29.56% | 26.99% | 32.86% | 26.69% | 21.52% | 29.91% | 36.63% | 33.17% |
Net Income | 926M | 2.3B | 4.74B | 3.1B | 2.31B | 3.43B | 3.98B | 4.26B | 4.17B |
Depreciation & Amortization | 3.46B | 3.55B | 3.33B | 3.9B | 3.97B | 4.06B | 4.99B | 5.27B | 6.03B |
Deferred Taxes | 166M | 94M | 1.37B | 100M | 239M | 758M | 416M | 536M | 618M |
Other Non-Cash Items | 2.73B | 601M | -3.93B | -136M | 494M | -2.23B | -1.83B | -1.83B | -1.55B |
Working Capital Changes | -996M | 276M | 162M | -389M | -990M | 160M | -135M | 1.42B | 399M |
Capital Expenditures | -7.42B | -8B | -7.55B | -7.44B | -7.24B | -7.92B | -9.1B | -8.96B | -13.39B |
CapEx / Revenue % | 32.23% | 34.05% | 35.27% | 36.52% | 31.32% | 27.06% | 36.02% | 33.51% | 0% |
CapEx / D&A | 2.15x | 2.25x | 2.27x | 1.91x | 1.82x | 1.95x | 1.82x | 1.70x | 0.00x |
CapEx Coverage (OCF/CapEx) | 0.86x | 0.87x | 0.77x | 0.90x | 0.85x | 0.80x | 0.83x | 1.09x | - |
Cash from Investing | -7.19B | -5.76B | -3.39B | -7.03B | -7.35B | -8.43B | -9.67B | -9.4B | -13.96B |
Acquisitions | -1.22B | 2.78B | 4.92B | 888M | 572M | 275M | 164M | 369M | -635M |
Purchase of Investments | -811M | -1.12B | -888M | -877M | -1.6B | -1.13B | -1.14B | -1.55B | 0 |
Sale of Investments | 805M | 1.11B | 882M | 871M | 1.59B | 1.11B | 1.12B | 1.53B | 0 |
Other Investing | 1.46B | -530M | -755M | -471M | -680M | -769M | -716M | -798M | -13.32B |
Cash from Financing | 951M | -1.81B | -1.93B | -576M | 1.95B | 2.34B | 999M | -208M | 4.7B |
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% | 85.67% | 115.32% | 82.23% | 76.33% | 67.12% | 69.45% |
Debt Issuance (Net) | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Stock Issued | 1.04B | 1.09B | 844M | 74M | 73M | 1.51B | 36M | 143M | 1.62B |
Share Repurchases | -658M | -33M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Financing | 124M | 2.13B | -217M | -233M | -116M | -404M | -373M | -366M | -704M |
Net Change in Cash | 155M▲ 0% | -628M▼ 505.2% | 459M▲ 173.1% | -910M▼ 298.3% | 761M▲ 183.6% | 208M▼ 72.7% | -1.12B▼ 636.5% | 180M▲ 116.1% | 539M▲ 199.4% |
Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash at Beginning | 1.98B | 2.15B | 1.52B | 1.98B | 1.07B | 1.83B | 2.04B | 921M | 1.1B |
Cash at End | 2.13B | 1.52B | 1.98B | 1.07B | 1.83B | 2.04B | 921M | 1.1B | 1.64B |
Free Cash Flow | -1.03B▲ 0% | -1.06B▼ 2.7% | -1.77B▼ 68.0% | -745M▲ 58.0% | -1.07B▼ 43.8% | -1.62B▼ 51.4% | -1.54B▲ 4.9% | 833M▲ 154.0% | -3.59B▼ 531.0% |
FCF Growth % | 93.22% | -2.72% | -67.99% | 58% | -43.76% | -51.35% | 4.87% | 154.02% | -530.97% |
FCF Margin % | -4.46% | -4.49% | -8.28% | -3.66% | -4.63% | -5.54% | -6.11% | 3.12% | -12.15% |
FCF / Net Income % | -116.82% | -47.1% | -37.32% | -23.77% | -44.48% | -45.86% | -38.78% | 18.93% | -82.7% |
Southern Company (The) Series 2 (SOJE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 10.21% | 3.35% | 8.13% | 15.49% | 9.71% | 7.4% | 10.54% | 11.4% | 12.24% | 11.49% |
EBITDA Margin | 37.24% | 25.14% | 32.94% | 51.67% | 43.14% | 33.19% | 32.22% | 42.81% | 46.15% | 45.01% |
Net Debt / EBITDA | 6.14x | 8.40x | 5.87x | 4.22x | 5.69x | 7.00x | 6.07x | 5.80x | 5.29x | 4.83x |
Interest Coverage | 3.64x | 1.63x | 2.49x | 4.77x | 2.92x | 2.40x | 3.09x | 2.78x | 2.91x | 2.51x |
CapEx / Revenue | 100.76% | 32.23% | 34.05% | 35.27% | 36.52% | 31.32% | 27.06% | 36.02% | 33.51% | 0% |
Dividend Payout Ratio | 84.4% | 261.36% | 108.16% | 54.06% | 85.67% | 115.32% | 82.23% | 76.33% | 67.12% | 69.45% |
Debt / Equity | 1.78x | 1.96x | 1.60x | 1.52x | 1.57x | 1.70x | 1.71x | 1.80x | 1.81x | 1.69x |
EPS Growth | -5% | -65.99% | 155.95% | 109.3% | -34.44% | -23.39% | 44.25% | 11.04% | 10.22% | -1.75% |
Southern Company (The) Series 2 (SOJE) SEC filings — annual & quarterly reports (10-K, 10-Q)
Mar 19, 2026·SEC
Feb 25, 2026·SEC
Feb 19, 2026·SEC
Southern Company (The) Series 2 (SOJE) stock FAQ — growth, dividends, profitability & financials explained
Southern Company (The) Series 2 (SOJE) reported $29.55B in revenue for fiscal year 2025. This represents a 185% increase from $10.36B in 1996.
Southern Company (The) Series 2 (SOJE) grew revenue by 10.6% over the past year. This is steady growth.
Yes, Southern Company (The) Series 2 (SOJE) is profitable, generating $4.34B in net income for fiscal year 2025 (14.7% net margin).
Yes, Southern Company (The) Series 2 (SOJE) pays a dividend with a yield of 16.04%. This makes it attractive for income-focused investors.
Southern Company (The) Series 2 (SOJE) has a return on equity (ROE) of 11.5%. This is reasonable for most industries.
Southern Company (The) Series 2 (SOJE) had negative free cash flow of $3.29B in fiscal year 2025, likely due to heavy capital investments.
Southern Company (The) Series 2 (SOJE) has a dividend payout ratio of 69%. This suggests the dividend is well-covered and sustainable.