SONYSEElectric ServicesFiscal year ends December 31Also trades as SOJC, SOJD, SOJE, SOJF, SOMN
SOUTHERN CO
Financials through Q1 FY2026, quarter ended Mar 31, 2026Last filing: 10-Q on Jul 30, 2026
$89.27−1.91 (-2.09%)
Close on Oct 19, 2026
- Market cap
- $100.70B
- P/E (TTM)
- 22.9
- Dividend yield
- 3.29%
Margins
Share of revenue, fiscal years 2011 to 2025
Operating margin
24.7%+0.7 pts over 5 years
Net margin
14.7%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +10.6% | +0.3% | +7.7% | +5.4% | |
| Operating income | +3.1% | +10.7% | +8.3% | +5.5% | |
| Net income | -1.4% | – | – | – | |
| EPS, diluted | -1.8% | +6.3% | +6.0% | +4.2% | |
| Dividend per share | +2.8% | +2.9% | +3.0% | +3.2% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 12.5% | |
| Return on assets | – | – | 2.9% | |
| Current ratio | 0.75 | 0.71 | 0.65 | |
| Debt to equity | 1.92 | 1.76 | 2.02 | |
| Net debt to EBITDA | 6.14× | 5.47× | 5.33× | |
| Capex to revenue | 36.7% | 36.9% | 43.1% | |
| Diluted shares | 958M | 1.06B | 1.11B |
Where the cash went
Fiscal 2021 to 2025, five years combined
Southern generated $39.61B from operations and spent $60.98B on capital expenditure, dividends and share buybacks. 76% of that went back into the business.
Generated
$39.61B
Used
$60.98B
Capital expenditure$46.30B76%Dividends$14.69B24%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin14.7%
×Asset turnover0.20×
×Equity multiplier4.35×
=Return on equity, FY202512.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 14.7% | 0.20× | 4.35× | 12.5% |
| FY2024 | 16.5% | 0.19× | 4.40× | 13.6% |
| FY2023 | 15.7% | 0.18× | 4.43× | 12.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$4.34B
- Cash generatingOperating cash flow above zero$9.80B
- Return on assets improvedROA up on the prior year3.2% → 3.0%
- Earnings backed by cashOperating cash flow above net income$9.80B vs $4.34B
- Less leverageLong-term debt to assets fell40.5% → 42.2%
- Better liquidityCurrent ratio rose0.67 → 0.65
- No dilutionShare count did not rise1.10B → 1.11B
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.19 → 0.20