Southern Co Financials
This page shows Southern Co (SOJD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 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 (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Southern Co has an operating margin of 24.6%, meaning the company retains $25 of operating profit per $100 of revenue. This strong profitability earns a score of 77/100, reflecting efficient cost management and pricing power. This is down from 26.5% the prior year.
Southern Co's revenue grew 10.6% year-over-year to $29.6B, a solid pace of expansion. This earns a growth score of 51/100.
Southern Co carries a low D/E ratio of 1.82, meaning only $1.82 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 65/100, indicating a strong balance sheet with room for future borrowing.
Southern Co's current ratio of 0.65 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 7/100, which could limit financial flexibility.
While Southern Co generated $9.8B in operating cash flow, capex of $12.7B consumed most of it, leaving -$2.9B in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Southern Co's ROE of 12.0% shows moderate profitability relative to equity, earning a score of 38/100. This is down from 13.3% the prior year.
Southern Co passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Southern Co 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.
Southern Co earns $2.2 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
Southern Co generated $29.6B in revenue in fiscal year 2025. This represents an increase of 10.6% from the prior year.
Southern Co's EBITDA was $13.3B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 8.0% from the prior year.
Southern Co reported $4.3B in net income in fiscal year 2025. This represents a decrease of 1.4% from the prior year.
Southern Co earned $3.92 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 1.8% from the prior year.
Cash & Balance Sheet
Southern Co generated -$2.9B in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 452.3% from the prior year.
Southern Co held $1.6B in cash against $65.6B in long-term debt as of fiscal year 2025.
Southern Co paid $2.94 per share in dividends in fiscal year 2025. This represents an increase of 2.8% from the prior year.
Southern Co had 1.12B shares outstanding in fiscal year 2025. This represents an increase of 2.1% from the prior year.
Margins & Returns
Southern Co's operating margin was 24.6% in fiscal year 2025, reflecting core business profitability. This is down 1.8 percentage points from the prior year.
Southern Co's net profit margin was 14.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.8 percentage points from the prior year.
Southern Co's ROE was 12.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.2 percentage points from the prior year.
Capital Allocation
Southern Co invested $12.7B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 42.2% from the prior year.
SOJD Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.0B-10.8% | $7.8B+12.2% | $7.0B-10.3% | $7.8B+22.6% | $6.3B-12.8% | $7.3B+12.5% | $6.5B-2.8% | $6.6B |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $917.0M-64.6% | $2.6B+47.1% | $1.8B-12.2% | $2.0B+90.0% | $1.1B-55.3% | $2.4B+22.1% | $1.9B+13.9% | $1.7B |
| Interest Expense | $895.0M+18.5% | $755.0M-13.6% | $874.0M+22.4% | $714.0M+3.2% | $692.0M0.0% | $692.0M-0.3% | $694.0M+4.4% | $665.0M |
| Income Tax | -$145.0M-135.9% | $404.0M+39.8% | $289.0M+3.2% | $280.0M+254.4% | $79.0M-79.0% | $377.0M+30.0% | $290.0M+30.0% | $223.0M |
| Net Income | $480.0M-71.9% | $1.7B+94.4% | $880.0M-30.7% | $1.3B+114.5% | $592.0M-61.4% | $1.5B+27.6% | $1.2B+12.3% | $1.1B |
| EPS (Diluted) | N/A | $1.54+94.9% | $0.79-34.7% | $1.21 | N/A | $1.39+27.5% | $1.09+5.8% | $1.03 |
SOJD Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $155.7B+1.6% | $153.2B+3.0% | $148.9B+0.5% | $148.1B+2.0% | $145.2B+0.9% | $144.0B+1.4% | $141.9B+1.3% | $140.1B |
| Current Assets | $10.9B-13.5% | $12.6B+16.9% | $10.8B-8.6% | $11.8B+10.5% | $10.7B-3.1% | $11.0B+0.4% | $11.0B+4.3% | $10.5B |
| Cash & Equivalents | $1.6B-50.9% | $3.3B+164.3% | $1.3B-45.7% | $2.3B+117.5% | $1.1B+5.1% | $1.0B-11.6% | $1.2B+61.6% | $713.0M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $3.1B+6.7% | $2.9B-5.3% | $3.1B+3.3% | $3.0B-1.4% | $3.0B+3.5% | $2.9B-4.7% | $3.1B+10.6% | $2.8B |
| Goodwill | $5.2B0.0% | $5.2B0.0% | $5.2B0.0% | $5.2B0.0% | $5.2B0.0% | $5.2B0.0% | $5.2B0.0% | $5.2B |
| Total Liabilities | $116.9B+1.6% | $115.0B+3.1% | $111.5B+0.6% | $110.9B+2.2% | $108.5B+1.4% | $107.1B+1.2% | $105.8B+1.3% | $104.5B |
| Current Liabilities | $16.9B+1.0% | $16.7B+14.8% | $14.6B+5.8% | $13.8B-13.9% | $16.0B+31.5% | $12.2B+1.1% | $12.0B+5.0% | $11.5B |
| Long-Term Debt | $65.6B+1.6% | $64.6B+2.6% | $63.0B+0.1% | $62.9B+7.1% | $58.8B-4.1% | $61.3B+2.3% | $59.9B+0.9% | $59.4B |
| Total Equity | $36.0B-5.9% | $38.3B+2.5% | $37.3B+0.3% | $37.2B+12.1% | $33.2B-10.0% | $36.9B+2.2% | $36.1B+1.4% | $35.6B |
| Retained Earnings | $14.9B | N/A | N/A | N/A | $13.8B | N/A | N/A | N/A |
SOJD Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.6B-31.2% | $3.8B+73.0% | $2.2B+74.5% | $1.3B-42.5% | $2.2B-39.9% | $3.6B+34.5% | $2.7B+105.0% | $1.3B |
| Capital Expenditures | $4.3B+33.3% | $3.2B+14.8% | $2.8B+14.9% | $2.4B-11.3% | $2.7B+19.0% | $2.3B+8.8% | $2.1B+20.1% | $1.8B |
| Free Cash Flow | -$1.7B-402.0% | $559.0M+190.3% | -$619.0M+47.9% | -$1.2B-106.1% | -$576.0M-144.1% | $1.3B+131.8% | $563.0M+222.7% | -$459.0M |
| Investing Cash Flow | -$4.4B-12.8% | -$3.9B-33.3% | -$2.9B-2.3% | -$2.8B-4.1% | -$2.7B-10.8% | -$2.5B-33.7% | -$1.8B+23.0% | -$2.4B |
| Financing Cash Flow | $61.0M-97.2% | $2.2B+723.0% | -$348.0M-112.4% | $2.8B+373.1% | $595.0M+145.2% | -$1.3B-178.8% | -$472.0M-147.9% | $985.0M |
| Dividends Paid | $761.0M+0.1% | $760.0M+0.3% | $758.0M+3.0% | $736.0M+0.3% | $734.0M+0.1% | $733.0M-2.8% | $754.0M+2.9% | $733.0M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
SOJD Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 13.1%-20.0pp | 33.2%+7.9pp | 25.3%-0.6pp | 25.9%+9.2pp | 16.7%-15.9pp | 32.6%+2.6pp | 30.0%+4.4pp | 25.6% |
| Net Margin | 6.9%-15.0pp | 21.9%+9.3pp | 12.6%-3.7pp | 16.3%+7.0pp | 9.3%-11.8pp | 21.1%+2.5pp | 18.6%+2.5pp | 16.1% |
| Return on Equity | 1.3%-3.1pp | 4.5%+2.1pp | 2.4%-1.0pp | 3.4%+1.6pp | 1.8%-2.4pp | 4.2%+0.8pp | 3.3%+0.3pp | 3.0% |
| Return on Assets | 0.3%-0.8pp | 1.1%+0.5pp | 0.6%-0.3pp | 0.9%+0.4pp | 0.4%-0.7pp | 1.1%+0.2pp | 0.9%+0.1pp | 0.8% |
| Current Ratio | 0.65-0.1 | 0.75+0.0 | 0.74-0.1 | 0.86+0.2 | 0.67-0.2 | 0.910.0 | 0.910.0 | 0.92 |
| Debt-to-Equity | 1.82+0.1 | 1.690.0 | 1.690.0 | 1.69-0.1 | 1.77+0.1 | 1.660.0 | 1.660.0 | 1.67 |
| FCF Margin | -24.2%-31.3pp | 7.1%+16.0pp | -8.9%+6.4pp | -15.3%-6.2pp | -9.1%-27.0pp | 17.9%+9.2pp | 8.7%+15.6pp | -6.9% |
Note: The current ratio is below 1.0 (0.65), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Frequently Asked Questions
What is Southern Co's annual revenue?
Southern Co (SOJD) 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.
How fast is Southern Co's revenue growing?
Southern Co (SOJD) revenue grew by 10.6% year-over-year, from $26.7B to $29.6B in fiscal year 2025.
Is Southern Co profitable?
Yes, Southern Co (SOJD) reported a net income of $4.3B in fiscal year 2025, with a net profit margin of 14.7%.
What is Southern Co's EBITDA?
Southern Co (SOJD) had EBITDA of $13.3B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Southern Co have?
As of fiscal year 2025, Southern Co (SOJD) had $1.6B in cash and equivalents against $65.6B in long-term debt.
What is Southern Co's operating margin?
Southern Co (SOJD) had an operating margin of 24.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Southern Co's net profit margin?
Southern Co (SOJD) had a net profit margin of 14.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Southern Co pay dividends?
Yes, Southern Co (SOJD) paid $2.94 per share in dividends during fiscal year 2025.
What is Southern Co's return on equity (ROE)?
Southern Co (SOJD) has a return on equity of 12.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Southern Co's free cash flow?
Southern Co (SOJD) generated -$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.
What is Southern Co's operating cash flow?
Southern Co (SOJD) generated $9.8B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Southern Co's total assets?
Southern Co (SOJD) had $155.7B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Southern Co's capital expenditures?
Southern Co (SOJD) invested $12.7B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Southern Co's current ratio?
Southern Co (SOJD) had a current ratio of 0.65 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Southern Co's debt-to-equity ratio?
Southern Co (SOJD) had a debt-to-equity ratio of 1.82 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Southern Co's return on assets (ROA)?
Southern Co (SOJD) had a return on assets of 2.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Southern Co's Piotroski F-Score?
Southern Co (SOJD) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Southern Co's earnings high quality?
Southern Co (SOJD) 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.
Can Southern Co cover its interest payments?
Southern Co (SOJD) has an interest coverage ratio of 2.2x, 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.
How financially healthy is Southern Co?
Southern Co (SOJD) scores 40 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.