Southern Co (SO) Financial Statements
Industry: Electric Services
In fiscal 2025, Southern reported revenue of $29.55B, up 10.6% from $26.72B the year before. Net income was $4.34B (a 14.7% net margin), or $3.92 per diluted share. Gross margin was 24.7% and operating margin was 24.7%. Operating activities generated $9.80B of cash, leaving -$2.94B of free cash flow. At fiscal year end, Southern held $155.72B in total assets against $116.85B in total liabilities, including $1.64B of cash and equivalents.
Open the full interactive Southern financials → Quarterly statements, key ratios, valuation history and price charts.
Southern Key Stats
| Share Price | $88.11 |
|---|---|
| Market Cap | $100.53B |
| P/E Ratio | 22.5 |
| Revenue YoY Growth | +10.6% |
| 52-Week Range | $82.06 – $97.49 |
| Shares Outstanding | 1.14 billion (basic, 2026 Q2) |
Southern Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $20.38B | $23.11B | $29.28B | $25.25B | $26.72B | $29.55B |
| Cost of Goods Sold | $15.49B | $19.41B | $23.91B | $19.43B | $19.66B | $22.27B |
| Gross Profit | $4.88B | $3.70B | $5.37B | $5.83B | $7.07B | $7.29B |
| Operating Income | $4.88B | $3.70B | $5.37B | $5.83B | $7.07B | $7.29B |
| Pre-Tax Income | $3.50B | $2.58B | $4.22B | $4.34B | $5.23B | $5.00B |
| Income Tax | $393.0M | $267.0M | $795.0M | $496.0M | $969.0M | $828.0M |
| Net Income | $3.13B | $2.41B | $3.54B | $3.98B | $4.40B | $4.34B |
| Diluted EPS | $2.93 | $2.24 | $3.26 | $3.62 | $3.99 | $3.92 |
Southern Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $7.82B | $6.98B | $8.40B | $6.98B |
| Net Income | $1.71B | $416.0M | $1.36B | $1.17B |
| Diluted EPS | $1.54 | $0.38 | $1.20 | $1.03 |
Southern Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.06B | $1.80B | $1.92B | $748.0M | $1.07B | $1.64B |
| Current Assets | $8.62B | $8.96B | $10.42B | $10.43B | $10.69B | $10.92B |
| Total Assets | $122.94B | $127.53B | $134.89B | $139.33B | $145.18B | $155.72B |
| Current Liabilities | $12.08B | $10.92B | $15.72B | $13.47B | $15.99B | $16.89B |
| Total Long-Term Debt | $48.58B | $52.28B | $54.94B | $59.69B | $63.49B | $71.87B |
| Total Liabilities | $90.41B | $94.97B | $100.36B | $104.11B | $108.51B | $116.85B |
| Shareholders' Equity | $27.97B | $27.87B | $30.41B | $31.44B | $33.21B | $36.02B |
Southern Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $6.70B | $6.17B | $6.30B | $7.55B | $9.79B | $9.80B |
| Cash From Investing | -$7.03B | -$7.35B | -$8.43B | -$9.67B | -$9.40B | -$13.96B |
| Cash From Financing | -$576.0M | $1.95B | $2.34B | $999.0M | -$208.0M | $4.70B |
| Free Cash Flow | -$745.0M | -$1.07B | -$1.62B | -$1.54B | $833.0M | -$2.94B |
Figures from Southern's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Southern financials page for every line item.
Southern Company Profile
| Ticker | SO |
|---|---|
| Exchange | NYSE |
| Industry | Electric Services |
| Headquarters | Atlanta, Georgia |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000092122 |
Frequently Asked Questions
What was Southern's revenue in fiscal 2025?
Southern (SO) reported revenue of $29.55B for fiscal 2025.
What is Southern's annual revenue history?
Southern's annual revenue by fiscal year: 2020: $20.38B; 2021: $23.11B; 2022: $29.28B; 2023: $25.25B; 2024: $26.72B; 2025: $29.55B.
What was Southern's net income in fiscal 2025?
Southern reported net income of $4.34B for fiscal 2025.
What was Southern's earnings per share (EPS) in fiscal 2025?
Southern's diluted EPS was $3.92 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Southern generate in fiscal 2025?
Southern generated -$2.94B of free cash flow in fiscal 2025.
What was Southern's revenue last quarter?
In its most recent reported quarter (2026 Q2), Southern reported revenue of $6.98B.
How much debt does Southern have?
Southern reported $71.87B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Southern are outstanding?
Southern reported a weighted average of 1.14 billion basic shares outstanding in 2026 Q2.
What is Southern's market cap?
Based on its latest closing price, Southern (SO) has a market capitalization of about $100.53B.
When does Southern's fiscal year end?
Southern's fiscal year end, as registered with the SEC, is December 31.
Where is Southern headquartered?
Southern lists its business address in Atlanta, Georgia in its SEC filings.