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Profile & Fundamentals

The Southern Profile & Fundamentals

Name: The Southern financial chart data preview
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Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.

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Company and Market Context

Company Profile & Ownership

The Southern Company, through its subsidiaries, engages in the sale of electricity. The company offers electric service to retail customers and wholesale customers; and energy-related products and services to natural gas choice markets. It also develops, constructs, acquires, owns, operates, and manages power generation assets, as well as battery energy storage projects; sells electricity at market-based rates in the wholesale market; and deploys microgrids for commercial, industrial, governmental, and utility customers. In addition, the company is involved in the distribution of natural gas in Illinois, Georgia, Virginia, and Tennessee; distributes energy and resilience solutions; and invests in telecommunications. The Southern Company was incorporated in 1945 and is headquartered in Atlanta, Georgia.

Company profile record

Southern Company

Common Stock · Utilities · Electric Utilities

Official website

Company

Company / asset: Southern Company
Security type: Common Stock
Sector: Utilities
Industry: Electric Utilities
HQ: 🇺🇸 United States
Head office: 30 Ivan Allen Jr. Boulevard, NW, Atlanta, GA, United States, 30308

Leadership & scale

Chief executive: Mr. Christopher C. Womack
CEO year born: 1958
Full-time employees: 29.5K
Fiscal year end: December
IPO date: 1981-12-31

Fundamentals snapshot

Updated 2026-09-14

Market Cap: USD 97.2B
P/E: 20.9x
Revenue (Q2 26): USD 7.0B
Profit (Q2 26): USD 1.2B
Dividend Yield: 2.5%
Revenue (FY 25): USD 29.6B
Shares in public float: 1.1B
Insider ownership: 0.1%

Reporting & identifiers

Symbol: SO.NYSE
Listing: 🇺🇸 United States | Dividend Tax: 30%
Ticker Currency: USD
Income Statement Currency: USD
Balance Sheet Currency: USD
Cash Flow Currency: USD
EPS Currency: USD
Contract Type: SPOT
ISIN: US8425871071
Asset ID: equity_2d93e113-d967-5620-9994-fd0f1f510899

Ownership

Shares Outstanding

Shares outstanding

Annual reported shares outstanding. Values in shares.

Top holders

BlackRock Inc90,368,703 shares · 7.86% · Reported 2026-03-31
Vanguard Capital Management, LLC71,539,145 shares · 6.22% · Reported 2026-03-31
State Street Corp62,980,088 shares · 5.47% · Reported 2026-03-31
Capital World Investors62,518,698 shares · 5.43% · Reported 2026-06-30
JPMorgan Chase & Co43,337,750 shares · 3.77% · Reported 2026-03-31
T. Rowe Price Associates, Inc.36,425,526 shares · 3.17% · Reported 2026-03-31
Vanguard MStar Total Stk Mkt Idx Invest35,925,014 shares · 3.12% · Reported 2026-07-31

View more holders (8)

Vanguard 500 Index Investor29,603,581 shares · 2.57% · Reported 2026-07-31
Geode Capital Management, LLC28,355,049 shares · 2.46% · Reported 2026-03-31
Vanguard Portfolio Management, LLC26,136,857 shares · 2.27% · Reported 2026-03-31
American Funds Income Fd of Amer A23,491,078 shares · 2.04% · Reported 2026-06-30
FMR Inc22,887,934 shares · 1.99% · Reported 2026-03-31
State Street®UtilSelSectSPDR®ETF18,682,944 shares · 1.62% · Reported 2026-08-31
Franklin Templeton Inc16,809,309 shares · 1.46% · Reported 2026-03-31
Massachusetts Financial Services Company15,595,800 shares · 1.36% · Reported 2026-03-31

Earnings, Profitability & Valuation

Earnings & Revenue

AI Review

Southern Company's earnings trajectory is demonstrating consistent operational improvement beneath headline accounting adjustments. Trailing twelve-month revenue reached thirty point two billion dollars with net income climbing to four point six six billion dollars through mid-2026. This performance is propelled by extraordinary commercial electricity sales growth across Georgia and Alabama, where power demand from artificial intelligence computing centers surged fifty-five percent year-over-year. However, headline profits conceal growing interest expenses as debt is rolled over at higher borrowing rates. The commercial completion of Plant Vogtle has established reliable recurring earnings, but heavy reinvestment needs mean accounting earnings outpace owner cash distributions.

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

Published P/E

Published valuation snapshots. Trailing four-quarter earnings where available; annual earnings otherwise. Non-positive earnings are omitted. Values in times earnings.

Profitability & Margins

AI Review

Operating profitability exhibits defensive stability, with operating margins holding firm near twenty-four point six percent and net profit margin settling at fifteen point four percent. State-approved fuel adjustment clauses automatically pass fluctuating commodity costs through to retail customers, shielding operating earnings from volatile wholesale natural gas price spikes. Looking ahead, net margins face structural ceilings dictated by state utility commissions, which strictly cap allowed equity returns near ten percent. Efficiency gains from data center volume are largely shared with ratepayers, ensuring that future profit growth relies on expanding the recognized asset base rather than expanding margins.

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

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Reported Data Tables — chart preview

The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-09-15.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2016-12-31	19,896,000,000	-2,416,000,000	2,493,000,000	42.87	22.55	12.53	-12.14
2017-12-31	23,031,000,000	-1,028,000,000	880,000,000	43.05	10.13	3.82	-4.46
2018-12-31	23,495,000,000	-1,056,000,000	2,242,000,000	40.93	17.84	9.54	-4.49
2019-12-31	21,419,000,000	-1,774,000,000	4,754,000,000	44.83	36.12	22.2	-8.28
2020-12-31	20,375,000,000	-745,000,000	3,134,000,000	48.57	23.98	15.38	-3.66
2021-12-31	23,113,000,000	-1,071,000,000	2,408,000,000	44.33	16	10.42	-4.63
2022-12-31	29,279,000,000	-1,621,000,000	3,535,000,000	36.3	18.34	12.07	-5.54
2023-12-31	25,253,000,000	-1,542,000,000	3,976,000,000	46.36	23.07	15.74	-6.11
2024-12-31	26,724,000,000	833,000,000	4,401,000,000	49.93	26.45	16.47	3.12
2025-12-31	29,553,000,000	-2,935,000,000	4,341,000,000	29.81	24.6	14.69	-9.93

Published valuation snapshots
Period end	P/E (times earnings)	Earnings basis
2025-12-31	22.28	Trailing four quarters
2024-12-31	20.81	Trailing four quarters
2023-12-31	19.37	Trailing four quarters
2022-12-31	22.02	Annual net income
2021-12-31	30.25	Annual net income

Shares outstanding — chart values
Reporting date	Shares outstanding
2017-01-01	1,007,603,100
2018-01-01	1,033,788,000
2019-01-01	1,053,000,000
2020-01-01	1,058,000,000
2021-01-01	1,062,000,000
2022-01-01	1,090,000,000
2023-01-01	1,098,500,000
2024-01-01	1,112,500,000
2025-01-01	1,109,000,000
2026-01-01	1,141,000,000

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Earnings, Profitability & Valuation
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Balance Sheet
- Balance sheet AI review
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Dividends & Actions
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- Available corporate actions
Company Events
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