The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 (SOJC) Financials
Newest figures come from the filing for Q3 FY2026, filed Nov 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SOJC SEC filings page.
The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 (SOJC) reported $31.2B in revenue over the twelve months to Sep 30, 2026, up 7.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings.
FY2025 shows a capital-intensive operator: revenue grew, but heavier reinvestment and borrowing absorbed much of its operating progress.
In FY2025, operating cash flow grew just+0.1% while capital expenditures jumped+42.2% , showing that expansion consumed much more internally generated cash. Free cash flow swung from$833M in FY2024 to-$2.94B in FY2025, so accounting profits did not translate into cash available after reinvestment.
Revenue grew
Liabilities reached
Financial Health Signals
We do not publish a peer-relative financial health score for The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), the one computable operating efficiency signal (asset turnover improving) passes.
For every $1 of reported earnings, The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 generates $2.26 in operating cash flow ($9.8B OCF vs $4.3B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 earns $2.25 in operating income for every $1 of interest expense ($7.3B vs $3.2B). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 generated $8.8B in revenue in Q3 2026. This represents an increase of 13.0% from the same quarter a year earlier. Against the prior quarter it is up 26.7%.
The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 reported $2.0B in net income in Q3 2026. This represents an increase of 19.6% from the same quarter a year earlier. Against the prior quarter it is up 74.3%.
The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 earned $1.76 per diluted share (EPS) in Q3 2026. This represents an increase of 14.3% from the same quarter a year earlier. Against the prior quarter it is up 70.9%.
Not reported for Q3 2026.
Cash & Balance Sheet
The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 generated $39.0M in free cash flow in Q3 2026, representing cash available after capex. This represents a decrease of 93.0% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 held $1.7B in cash against $69.5B in long-term debt as of Q3 2026.
The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 paid $0.76 per share in dividends in Q3 2026. This represents an increase of 2.7% from the same quarter a year earlier. It is unchanged from the prior quarter.
Margins & Returns
The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077's operating margin was 33.9% in Q3 2026, reflecting core business profitability. This is up 0.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 8.5 percentage points.
The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077's net profit margin was 23.1% in Q3 2026, showing the share of revenue converted to profit. This is up 1.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.3 percentage points.
The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077's quarterly ROE was 4.6% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is up 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.8 percentage points.
Not reported for Q3 2026.
Capital Allocation
The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 invested $3.6B in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 10.8% from the same quarter a year earlier. Against the prior quarter it is down 3.6%.
Not reported for Q3 2026.
Not reported for Q3 2026.
SOJC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'26Filing | Q2'2610-Q | Q1'26Filing | Q4'25Filing | Q3'25Filing | Q2'25Filing | Q1'25Filing | Q4'24Filing |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.8B+13.0% | $7.0B+0.1% | $8.4B+8.0% | $7.0B+10.1% | $7.8B+7.5% | $7.0B+7.9% | $7.8B+17.0% | $6.3B+4.9% |
| Operating Income | $3.0B+15.7% | $1.8B+0.7% | $2.0B+0.4% | $917.0M-13.3% | $2.6B+9.5% | $1.8B-9.0% | $2.0B+18.0% | $1.1B-12.4% |
| EBITDA | N/A | $5.0B+54.1% | $3.6B+5.2% | $2.5B+4.7% | $4.2B+12.0% | $3.2B-1.1% | $3.4B+15.4% | $2.4B-3.5% |
| Interest Expense | $842.0M+11.5% | $796.0M-8.9% | $778.0M+9.0% | $895.0M+29.3% | $755.0M+9.1% | $874.0M+25.9% | $714.0M+7.4% | $692.0M+9.1% |
| Income Tax | $472.0M+16.8% | $187.0M-35.3% | $228.0M-18.6% | -$145.0M-283.5% | $404.0M+7.2% | $289.0M-0.3% | $280.0M+25.6% | $79.0M+1875.0% |
| Net Income | $2.0B+19.6% | $1.2B+33.4% | $1.4B+1.6% | $416.0M-22.1% | $1.7B+11.5% | $880.0M-26.8% | $1.3B+18.2% | $534.0M-37.5% |
| EPS (Basic) | $1.77+14.2% | $1.03+28.7% | $1.210.0% | $0.38-22.4% | $1.55+10.7% | $0.80-27.3% | $1.21+17.5% | $0.49-37.2% |
| EPS (Diluted) | $1.76+14.3% | $1.03+30.4% | $1.20-0.8% | $0.38-20.8% | $1.54+10.8% | $0.79-27.5% | $1.21+17.5% | $0.48-38.5% |
| Diluted Shares (Avg) | 1.16B+4.5% | 1.14B+3.0% | 1.13B+2.1% | N/A | 1.11B+0.6% | 1.11B+0.5% | 1.10B+0.5% | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses.
SOJC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'26Filing | Q2'2610-Q | Q1'26Filing | Q4'25Filing | Q3'25Filing | Q2'25Filing | Q1'25Filing | Q4'24Filing |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $164.2B+7.1% | $162.0B+8.9% | $157.0B+6.0% | $155.7B+7.3% | $153.2B+6.5% | $148.9B+4.9% | $148.1B+5.7% | $145.2B+4.2% |
| Current Assets | $11.9B-6.1% | $12.4B+14.6% | $10.0B-15.7% | $10.9B+2.1% | $12.6B+14.4% | $10.8B-1.7% | $11.8B+12.1% | $10.7B+2.5% |
| Cash & Equivalents | $1.7B-47.9% | $3.0B+136.1% | $981.0M-57.8% | $1.6B+53.2% | $3.3B+228.2% | $1.3B+9.7% | $2.3B+226.4% | $1.1B+43.0% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Accounts Receivable | $3.5B+20.5% | $3.2B+1.6% | $3.1B+2.6% | $3.1B+3.0% | $2.9B-0.1% | $3.1B+0.5% | $3.0B+7.6% | $3.0B+8.1% |
| Long-Term Investments | $686.0M-1.4% | $701.0M+0.3% | $706.0M+2.3% | $714.0M+6.9% | $696.0M+5.9% | $699.0M+2.2% | $690.0M+2.5% | $668.0M+0.5% |
| Goodwill | $5.2B0.0% | $5.2B0.0% | $5.2B0.0% | $5.2B0.0% | $5.2B0.0% | $5.2B0.0% | $5.2B0.0% | $5.2B0.0% |
| Total Liabilities | $119.4B+3.8% | $119.7B+7.3% | $117.1B+5.6% | $116.9B+7.7% | $115.0B+7.4% | $111.5B+5.4% | $110.9B+6.1% | $108.5B+4.2% |
| Current Liabilities | $14.1B-15.5% | $15.7B+8.0% | $15.3B+11.2% | $16.9B+5.6% | $16.7B+37.5% | $14.6B+21.1% | $13.8B+20.2% | $16.0B+18.8% |
| Non-Current Liabilities | $105.3B+7.1% | $104.0B+7.2% | $101.8B+4.8% | $100.0B+8.1% | $98.2B+3.5% | $96.9B+3.4% | $97.1B+4.4% | $92.5B+2.1% |
| Long-Term Debt | $69.5B+7.5% | $68.8B+9.2% | $67.1B+6.7% | $65.6B+11.7% | $64.6B+5.5% | $63.0B+5.2% | $62.9B+6.0% | $58.8B+2.7% |
| Total Equity | $44.8B+17.1% | $42.3B+13.4% | $39.9B+7.2% | $36.0B+8.5% | $38.3B+3.7% | $37.3B+3.4% | $37.2B+4.5% | $33.2B+5.6% |
| Retained Earnings | N/A | N/A | N/A | $14.9B+8.0% | N/A | N/A | N/A | $13.8B+10.2% |
Not reported in any period shown, so not listed: Inventory.
SOJC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'26Filing | Q2'2610-Q | Q1'26Filing | Q4'25Filing | Q3'25Filing | Q2'25Filing | Q1'25Filing | Q4'24Filing |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $3.6B-4.6% | $3.1B+40.0% | $1.2B-1.9% | $2.6B+19.5% | $3.8B+4.4% | $2.2B-18.9% | $1.3B-4.7% | $2.2B+19.9% |
| Depreciation & Amortization | N/A | $3.2B+119.2% | $1.6B+12.0% | $1.6B+18.9% | $1.6B+16.4% | $1.4B+10.5% | $1.4B+11.9% | $1.4B+4.9% |
| Capital Expenditures | $3.6B+10.8% | $3.7B+32.0% | $2.9B+20.8% | $4.3B+55.9% | $3.2B+39.1% | $2.8B+31.8% | $2.4B+37.7% | $2.7B+8.5% |
| Free Cash Flow | $39.0M-93.0% | -$641.0Mn/m | -$1.7Bn/m | -$1.7Bn/m | $559.0M-57.2% | -$619.0M-209.9% | -$1.2Bn/m | -$576.0Mn/m |
| Investing Cash Flow | -$3.6Bn/m | -$3.3Bn/m | -$3.4Bn/m | -$4.4Bn/m | -$3.9Bn/m | -$2.9Bn/m | -$2.8Bn/m | -$2.7Bn/m |
| Financing Cash Flow | -$1.2B-155.4% | $2.3Bn/m | $1.5B-45.2% | $61.0M-89.7% | $2.2Bn/m | -$348.0Mn/m | $2.8B+185.8% | $595.0M+260.6% |
| Dividends Paid | $820.0M+7.9% | $803.0M+5.9% | $776.0M+5.4% | $761.0M+3.7% | $760.0M+3.7% | $758.0M+0.5% | $736.0M+0.4% | $734.0M-3.9% |
Not reported in any period shown, so not listed: Stock-Based Compensation, Share Buybacks.
SOJC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'26Filing | Q2'2610-Q | Q1'26Filing | Q4'25Filing | Q3'25Filing | Q2'25Filing | Q1'25Filing | Q4'24Filing |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 33.9%+0.8pp | 25.5%+0.2pp | 24.0%-1.8pp | 13.1%-3.6pp | 33.2%+0.6pp | 25.3%-4.7pp | 25.9%+0.2pp | 16.7%-3.3pp |
| Net Margin | 23.1%+1.3pp | 16.8%+4.2pp | 16.2%-1.0pp | 6.0%-2.5pp | 21.9%+0.8pp | 12.6%-6.0pp | 17.2%+0.2pp | 8.4%-5.7pp |
| Return on Equity | 4.6%+0.1pp | 2.8%+0.4pp | 3.4%-0.2pp | 1.2%-0.5pp | 4.5%+0.3pp | 2.4%-1.0pp | 3.6%+0.4pp | 1.6%-1.1pp |
| Return on Assets | 1.3%+0.1pp | 0.7%+0.1pp | 0.9%0.0pp | 0.3%-0.1pp | 1.1%+0.1pp | 0.6%-0.3pp | 0.9%+0.1pp | 0.4%-0.2pp |
| Current Ratio | 0.84+0.1x | 0.790.0x | 0.65-0.2x | 0.650.0x | 0.75-0.2x | 0.74-0.2x | 0.86-0.1x | 0.67-0.1x |
| Debt-to-Equity | 1.55-0.1x | 1.62-0.1x | 1.680.0x | 1.82+0.1x | 1.690.0x | 1.690.0x | 1.690.0x | 1.770.0x |
| Liabilities-to-Equity | 2.66-0.3x | 2.83-0.2x | 2.930.0x | 3.240.0x | 3.00+0.1x | 2.99+0.1x | 2.980.0x | 3.270.0x |
| Asset Turnover | 0.050.0x | 0.040.0x | 0.050.0x | 0.040.0x | 0.050.0x | 0.050.0x | 0.050.0x | 0.040.0x |
| FCF Margin | 0.4%-6.7pp | -9.2%-0.3pp | -20.5%-5.2pp | -24.2%-15.1pp | 7.1%-10.8pp | -8.9%-17.6pp | -15.3%-8.4pp | -9.1%+2.8pp |
Not reported in any period shown, so not listed: Gross Margin.
Note: The current ratio is below 1.0 (0.65), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Where The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 Ranks
Frequently Asked Questions
The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 (SOJC) reported $29.6B in total revenue for fiscal year 2025. This represents a 10.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 (SOJC) revenue grew by 10.6% year-over-year, from $26.7B to $29.6B in fiscal year 2025.
Yes, The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 (SOJC) reported a net income of $5.0B over the trailing 12 months to September 30, 2026. In fiscal year 2025 it reported a net income of $4.3B, with a net profit margin of 14.7%.
The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 (SOJC) reported diluted earnings per share of $3.92 for fiscal year 2025. This represents a -1.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 (SOJC) had EBITDA of $13.3B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2025, The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 (SOJC) had $1.6B in cash and equivalents against $65.6B in long-term debt.
The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 (SOJC) had an operating margin of 24.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 (SOJC) had a net profit margin of 14.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Yes, The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 (SOJC) paid $2.94 per share in dividends during fiscal year 2025.
The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 (SOJC) has a return on equity of 12.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 (SOJC) recorded an outflow of $2.9B in free cash flow during fiscal year 2025. This represents a -452.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 (SOJC) generated $9.8B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 (SOJC) had $155.7B in total assets as of fiscal year 2025, including both current and long-term assets.
The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 (SOJC) invested $12.7B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 (SOJC) had a current ratio of 0.65 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 (SOJC) had a debt-to-equity ratio of 1.82 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 (SOJC) had a liabilities-to-equity ratio of 3.24 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 (SOJC) had a return on assets of 2.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 (SOJC) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 (SOJC) has an earnings quality ratio of 2.26x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 (SOJC) has an interest coverage ratio of 2.25x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.