15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $29.6B | $4.3B | 0.0% | 24.7% | -$2.9B | — | $1.6B |
| 2024 | $26.7B | $4.4B | 0.0% | 26.4% | $833M | — | $1.1B |
| 2023 | $25.3B | $4.0B | 0.0% | 23.1% | -$1.5B | — | $748M |
| 2022 | $29.3B | — | 0.0% | 18.3% | -$1.6B | — | $1.9B |
| 2021 | $23.1B | — | 0.0% | 16.0% | -$1.4B | — | $1.8B |
| 2020 | $20.4B | — | 0.0% | 24.0% | -$826M | — | $1.1B |
| 2019 | $21.4B | — | 0.0% | 36.1% | -$1.8B | — | $2.0B |
| 2018 | $23.5B | — | 0.0% | 17.8% | -$1.1B | — | $1.4B |
| 2017 | $23.0B | — | 0.0% | 10.1% | -$1.0B | — | $2.1B |
| 2016 | $19.9B | — | 0.0% | 22.5% | -$2.4B | — | $2.0B |
| 2015 | $17.5B | — | 0.0% | 24.5% | $600M | — | $1.4B |
| 2014 | $18.5B | — | 0.0% | 19.7% | $569M | — | $710M |
| 2013 | $17.1B | — | 0.0% | 19.0% | $766M | — | $659M |
| 2012 | $16.5B | — | 0.0% | 27.0% | $89M | — | $628M |
| 2011 | $17.7B | — | 0.0% | 24.0% | $1.4B | — | $1.3B |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $8.4B | $1.4B | 0.0% | 24.0% | -$1.7B | — | $981M |
| Dec '25 | $7.0B | $416M | 0.0% | 13.1% | -$1.7B | — | $1.6B |
| Sep '25 | $7.8B | $1.7B | 0.0% | 33.2% | $559M | — | $3.3B |
| Jun '25 | $7.0B | $880M | 0.0% | 25.3% | -$619M | — | $1.3B |
| Mar '25 | $7.8B | $1.3B | 0.0% | 25.9% | -$1.2B | — | $2.3B |
| Dec '24 | $6.3B | $534M | 0.0% | 16.7% | -$576M | — | $1.1B |
| Sep '24 | $7.3B | $1.5B | 0.0% | 32.6% | $1.3B | — | $1.0B |
| Jun '24 | $6.5B | $1.2B | 0.0% | 30.0% | $563M | — | $1.2B |
| Mar '24 | $6.6B | — | 0.0% | 25.6% | -$459M | — | $713M |
| Dec '23 | $6.0B | — | 0.0% | 20.0% | -$721M | — | $748M |
| Sep '23 | $7.0B | — | 0.0% | 30.2% | $177M | — | $1.7B |
| Jun '23 | $5.7B | — | 0.0% | 22.4% | $8M | — | $2.1B |
| Mar '23 | $6.5B | — | 0.0% | 18.8% | -$1.0B | — | $1.1B |
| Dec '22 | $7.0B | — | 0.0% | 2.0% | -$1.1B | — | $1.9B |
| Sep '22 | $8.4B | $1.5B | 0.0% | 26.2% | -$851M | — | $2.0B |
| Jun '22 | $7.2B | $1.1B | 0.0% | 23.0% | $193M | — | $1.7B |
| Mar '22 | $6.6B | — | 0.0% | 20.8% | $173M | — | $1.7B |
| Dec '21 | $5.8B | — | 0.0% | -5.7% | -$1.3B | — | $1.8B |
| Sep '21 | $6.2B | $1.1B | 0.0% | 27.6% | $339M | — | $2.1B |
| Jun '21 | $5.2B | $372M | 95.6% | 13.6% | -$44M | — | $1.6B |
How the market has priced SO against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Southern Company's revenue has grown 7.7% per year, and net income grown 4.5% per year. These are computed facts, not advice.
As of FY2025, Southern Company reported — of total debt against $1.6B of cash; operating income covered interest expense 2.2×.
In FY2025, gross margin was —, operating margin 24.7%, and net margin 14.7%.
As of Jun '26, Southern Company traded at a price-to-earnings ratio of about 24.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.