The Southern Company (SO) Financial Statements
Historical financial data — 41 statements covering FY2016–FY2025
Southern is one of the largest utilities in the US. The company serves 9 million customers with vertically integrated electric utilities in three states and natural gas distribution utilities in fo...
The Southern Company's revenue increased 10.6% year over year, from $26.72B to $29.55B.
Net income decreased 1.4% over the same period, from $4.40B to $4.34B.
Over the 9-year period from FY2016 to FY2025, revenue grew by 49% in total.
Total debt increased by 10.4% to $66.37B.
The debt-to-equity ratio stands at 1.84, indicating a elevated leverage profile.
Operating cash flow grew 0.1% to $9.80B.
The Southern Company maintains a healthy net profit margin of 14.7%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q3 FY2024 | $7.27B+12.5% | $1.53B | $6.39B | $2.37B | $3.62B | $143.96B | $61.98B | $2.12B |
| Q4 FY2024 | $6.34B-12.8% | $534.0M | $5.01B | $1.06B | $2.17B | $145.18B | $60.11B | $33.21B |
| Q1 FY2025 | $7.78B+22.6% | $1.33B | N/A | N/A | $1.25B | $148.11B | $70.12B | $37.22B |
| Q2 FY2025 | $6.97B-10.3% | $880.0M | $11.34B | $3.77B | $2.18B | $148.85B | $63.97B | $52.62B |
| Q3 FY2025 | $7.82B+12.2% | $1.71B | $6.85B | $2.59B | $3.77B | $153.25B | $64.77B | $53.63B |
| Q4 FY2025 | $6.98B-10.8% | $416.0M | $5.20B | $917.0M | $2.60B | $155.72B | $66.37B | $36.02B |
| Q1 FY2026 | $8.40B+20.3% | $1.36B | N/A | N/A | $1.23B | $157.03B | $76.00B | $39.91B |
| Q2 FY2026 | $6.98B-16.9% | $1.18B | $11.53B | $3.79B | $3.05B | $162.03B | $77.09B | $42.34B |
Balance Sheet Summary (Q2 FY2026)
The Southern Company (SO) Financial Statements & Revenue History
The Southern Company (SO) is a US-listed stock operating in the Utilities sector, specifically the Electric Services industry trading at $90.26 with a market capitalization of $104. This page provides 41 historical financial statements for The Southern Company, including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, The Southern Company reported revenue of $29.6 billion, representing 10.6% year-over-year growth. The net profit margin of 14.7% indicates moderate profitability. The debt-to-equity ratio of 1.84 indicates elevated leverage.
SO Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows The Southern Company's revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether SO is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track SO's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently The Southern Company converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of SO's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use SO Financial Data
Investors use The Southern Company's financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare SO's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how SO's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View SO's financial health score, earnings, and pre-market pricing.
Financial data is sourced from The Southern Company's SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.SO trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.