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 →
Growth & profitability
Revenue has grown 7.7% per year over the past 5 years.
Net income has grown slower than revenue (4.5% vs 7.7% per year).
Operating margin has been roughly flat, at 24.7% in the latest year.
Financial health
Operating income covered interest expense 2.2× in the latest year, down from 2.7× 5 years ago.
Shareholder returns
Dividends have been paid for 15 consecutive years, consuming 69.5% of earnings.
The dividend has grown 2.3% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
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
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
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
Valuation over time
How the market has priced SOJD 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.
The price-to-earnings ratio has fallen from 6.5× (Jan '24) to 4.9× (Jun '26).
The price-to-sales ratio has fallen from 0.9× (Mar '23) to 0.7× (Jun '26).
The dividend yield has risen from 11.6% (Mar '23) to 14.1% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is SOJD growing its revenue and profit?
Over the past 5 years, SOUTHERN CO's revenue has grown 7.7% per year, and net income grown 4.5% per year. These are computed facts, not advice.
How much debt does SOJD have?
As of FY2025, SOUTHERN CO reported — of total debt against $1.6B of cash; operating income covered interest expense 2.2×.
What is SOJD's profit margin?
In FY2025, gross margin was —, operating margin 24.7%, and net margin 14.7%.
What is SOJD's P/E ratio?
As of Jun '26, SOUTHERN CO traded at a price-to-earnings ratio of about 4.9× (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.
Where does this data come from?
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.