Utilities · Regulated Electric
Price
$97.16
Market Cap
$109.5B
Employees
28,314
Beta
0.34
Avg Volume
5,715,406
CEO
Christopher C. Womack
Business Description
The Southern Company operates as an energy utility, primarily involved in the production, transmission, and distribution of electricity. Its operations are segmented into Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services. The company also undertakes the development, construction, acquisition, ownership, and management of various power generation assets, including renewable energy ventures, and supplies electricity to the wholesale market. Complementing its power business, it distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, while also offering gas marketing services, wholesale gas services, and managing gas pipeline investments. Its extensive portfolio of generating assets includes 30 hydroelectric, 24 fossil fuel, three nuclear, 13 combined cycle/cogeneration, 45 solar, 15 wind, one fuel cell, and four battery storage facilities. In terms of natural gas infrastructure, the company builds, operates, and maintains 76,289 miles of pipelines and 14 storage facilities with a total capacity of 157 billion cubic feet, delivering natural gas to residential, commercial, and industrial clients. The Southern Company serves approximately 8.7 million electric and gas utility customers in total. Furthermore, it provides digital wireless communications and fiber optics services. The company was founded in 1945 and maintains its corporate headquarters in Atlanta, Georgia.
Business History
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
25.03
Stock Price: $97.16
EPS (Diluted): 3.94
EPS (Diluted): 3.94
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
2.67
Stock Price: $97.16
Total Equity: $36.02B
Shares: 1,109,000,000
Total Equity: $36.02B
Shares: 1,109,000,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
12.78
Market Cap: $109.53B
Total Debt: $65.82B
Cash: $1.64B
EBITDA: $14.33B
Total Debt: $65.82B
Cash: $1.64B
EBITDA: $14.33B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$160.4B
Market Cap: $109.53B
Total Debt: $65.82B
Cash: $1.64B
Total Debt: $65.82B
Cash: $1.64B
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
29.8%
Gross Profit: $8.81B
Revenue: $29.55B
Revenue: $29.55B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
24.6%
Operating Income: $7.27B
Revenue: $29.55B
Revenue: $29.55B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
14.7%
Net Income: $4.34B
Revenue: $29.55B
Revenue: $29.55B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
12.3%
Net Income: $4.34B
Total Equity: $36.02B
Total Equity: $36.02B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
4.1%
Operating Income: $7.27B
Tax Rate: 16.6%
Equity: $36.02B
Total Debt: $65.82B
Cash: $1.64B
Tax Rate: 16.6%
Equity: $36.02B
Total Debt: $65.82B
Cash: $1.64B
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.65
Current Assets: $10.92B
Current Liabilities: $16.89B
Current Liabilities: $16.89B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
1.83
Short-Term Debt: $169.00M
Long-Term Debt: $65.65B
Total Debt: $65.82B
Total Equity: $36.02B
Long-Term Debt: $65.65B
Total Debt: $65.82B
Total Equity: $36.02B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$26.65
Revenue: $29.55B
Shares: 1,109,000,000
Shares: 1,109,000,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$32.48
Total Equity: $36.02B
Shares: 1,109,000,000
Shares: 1,109,000,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-2.65
Operating CF: $9.80B
CapEx: -$12.74B
Shares: 1,109,000,000
CapEx: -$12.74B
Shares: 1,109,000,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
3.1%
Last Dividend: N/A
Stock Price: $97.16
Stock Price: $97.16
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $4.34B
Net Income: $4.34B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares SO against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 27, 2026 5:03am (3h ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $23.1B | $29.3B | $25.3B | $26.7B | $29.6B |
| Cost of Revenue | $12.9B | $18.7B | $13.5B | $13.4B | $20.7B |
| Gross Profit | $10.2B | $10.6B | $11.7B | $13.3B | $8.8B |
| Operating Expenses | $6.5B | $5.3B | $5.9B | $6.3B | $1.5B |
| Operating Income | $3.7B | $5.4B | $5.8B | $7.1B | $7.3B |
| Net Income | $2.4B | $3.5B | $4.0B | $4.4B | $4.3B |
| EBITDA | $8.4B | $10.3B | $11.8B | $13.2B | $14.3B |
| EPS | $2.26 | $3.28 | $3.64 | $4.02 | $3.94 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 27, 2026 5:03am (3h ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $1.8B | $1.9B | $748.0M | $1.1B | $1.6B |
| Total Current Assets | $9.0B | $10.4B | $10.4B | $10.7B | $10.9B |
| Total Assets | $127.5B | $134.9B | $139.3B | $145.2B | $155.7B |
| Current Liabilities | $10.9B | $15.7B | $13.5B | $16.0B | $16.9B |
| Long-Term Debt | $50.1B | $50.7B | $57.2B | $58.8B | $65.6B |
| Total Liabilities | $95.0B | $100.4B | $104.1B | $108.5B | $116.9B |
| Total Equity | $28.2B | $30.4B | $31.4B | $33.2B | $36.0B |
| Retained Earnings | $10.9B | $11.5B | $12.5B | $13.8B | $14.9B |
Cash Flow (Annual)
Last updated: Jun 27, 2026 5:03am (3h ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $6.2B | $6.3B | $7.6B | $9.8B | $9.8B |
| Capital Expenditure | -$7.2B | -$7.9B | -$9.1B | -$9.0B | -$12.7B |
| Free Cash Flow | -$1.1B | -$1.6B | -$1.5B | $833.0M | -$2.9B |
| Acquisitions (net) | $572.0M | $275.0M | $164.0M | $369.0M | -$634.0M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $761.0M | $208.0M | -$1.1B | $180.0M | $539.0M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 5:04am (3h ago)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$32.4B $31.7B – $33.1B
|
$34.3B $34.1B – $34.6B
|
$35.7B $34.7B – $36.6B
|
$36.9B $35.9B – $37.8B
|
| EBITDA |
$14.0B $13.7B – $14.3B
|
$14.8B $14.7B – $14.9B
|
$15.4B $15.0B – $15.8B
|
$16.0B $15.5B – $16.3B
|
| Net Income |
$5.4B $5.4B – $5.5B
|
$5.9B $5.7B – $6.1B
|
$6.4B $6.2B – $6.6B
|
$6.9B $6.6B – $7.1B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 27, 2026 5:03am (3h ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +26.7% | -13.8% | +5.8% | +10.6% |
| Gross Profit Growth | +3.7% | +10.2% | +14.0% | -34.0% |
| Operating Income Growth | +45.2% | +8.5% | +21.3% | +2.9% |
| Net Income Growth | +46.8% | +12.5% | +10.7% | -1.4% |
| EBITDA Growth | +22.9% | +14.2% | +12.4% | +8.3% |
Insider Trading (Recent)
Last updated: Jun 27, 2026 5:04am (3h ago)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-01 | Kim Matthew M. | S-Sale | 100.00 | $91.16 | $9,116 |
| 2026-05-24 | WOMACK CHRISTOPHER C | M-Exempt | 7,662.00 | $0.00 | $0 |
| 2026-05-24 | WOMACK CHRISTOPHER C | F-InKind | 3,414.00 | $94.55 | $322,794 |
| 2026-05-24 | WOMACK CHRISTOPHER C | M-Exempt | 6,898.00 | $0.00 | $0 |
| 2026-05-01 | Kim Matthew M. | S-Sale | 100.00 | $96.57 | $9,657 |
| 2026-04-01 | Kim Matthew M. | M-Exempt | 82.00 | $0.00 | $0 |
| 2026-04-01 | Kim Matthew M. | F-InKind | 82.00 | $96.94 | $7,949 |
| 2026-04-01 | Kim Matthew M. | M-Exempt | 42.00 | $0.00 | $0 |
| 2026-04-01 | Kim Matthew M. | M-Exempt | 23.00 | $0.00 | $0 |
| 2026-04-01 | Kim Matthew M. | M-Exempt | 13.00 | $0.00 | $0 |
| 2026-04-01 | JOHNS JOHN D | A-Award | 464.20 | $0.00 | $0 |
| 2026-04-01 | GRAIN DAVID J | A-Award | 838.15 | $0.00 | $0 |
| 2026-04-01 | Turner John M JR | A-Award | 786.57 | $0.00 | $0 |
| 2026-04-01 | SMITH WILLIAM G JR | A-Award | 851.04 | $0.00 | $0 |
| 2026-04-01 | MEADOR DAVID E | A-Award | 786.57 | $0.00 | $0 |
| 2026-04-01 | Svinicki Kristine L | A-Award | 464.20 | $0.00 | $0 |
| 2026-04-01 | Thomas Lizanne | A-Award | 464.20 | $0.00 | $0 |
| 2026-04-01 | Klein Dale E. | A-Award | 464.20 | $0.00 | $0 |
| 2026-04-01 | JAMES DONALD M | A-Award | 464.20 | $0.00 | $0 |
| 2026-04-01 | Etheredge James O | A-Award | 464.20 | $0.00 | $0 |
Dividend History (Last 20)
Last updated: Jun 27, 2026 5:03am (3h ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-05-18 | $0.76 | 2026-04-20 | 2026-05-18 | 2026-06-08 |
| 2026-02-17 | $0.74 | 2026-01-28 | 2026-02-17 | 2026-03-06 |
| 2025-11-17 | $0.74 | 2025-10-20 | 2025-11-17 | 2025-12-08 |
| 2025-08-18 | $0.74 | 2025-07-21 | 2025-08-18 | 2025-09-08 |
| 2025-05-19 | $0.74 | 2025-04-21 | 2025-05-19 | 2025-06-06 |
| 2025-02-18 | $0.72 | 2025-01-28 | 2025-02-18 | 2025-03-06 |
| 2024-11-18 | $0.72 | 2024-10-15 | 2024-11-18 | 2024-12-06 |
| 2024-08-19 | $0.72 | 2024-07-15 | 2024-08-19 | 2024-09-06 |
| 2024-05-17 | $0.72 | 2024-04-22 | 2024-05-20 | 2024-06-06 |
| 2024-02-16 | $0.70 | 2024-01-18 | 2024-02-20 | 2024-03-06 |
| 2023-11-17 | $0.70 | 2023-10-16 | 2023-11-20 | 2023-12-06 |
| 2023-08-18 | $0.70 | 2023-07-17 | 2023-08-21 | 2023-09-06 |
| 2023-05-12 | $0.70 | 2023-04-17 | 2023-05-15 | 2023-06-06 |
| 2023-02-17 | $0.68 | 2023-01-20 | 2023-02-21 | 2023-03-06 |
| 2022-11-18 | $0.68 | 2022-10-18 | 2022-11-21 | 2022-12-06 |
| 2022-08-12 | $0.68 | 2022-07-18 | 2022-08-15 | 2022-09-06 |
| 2022-05-13 | $0.68 | 2022-04-19 | 2022-05-16 | 2022-06-06 |
| 2022-02-18 | $0.66 | 2022-01-14 | 2022-02-22 | 2022-03-07 |
| 2021-11-12 | $0.66 | 2021-10-18 | 2021-11-15 | 2021-12-06 |
| 2021-08-13 | $0.66 | 2021-07-19 | 2021-08-16 | 2021-09-07 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for SO — it's generated by the pipeline (
market-narrative step).
No community reviews yet for SO.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30