MARKETS / NYSE / SO
NYSE · ELECTRIC SERVICES · LARGE CAP

Southern Co. SO

19 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY18 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$28.9B
▲ 8.1% vs FY2024
Dividend streak
18 yrs
Raised every year since 2008
EPS · FY25
$3.92
Dividend / sh · FY25
$2.94
Payout · FY25
69%
ROE · FY25
12.5%
Net margin · FY25
15.0%
Dividend coverage
1.3×
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Result
USD 28.9B
Revenue, FY2025 · full 19-year series below
Revenue Net income
816243228.94.32007201020132016201920222025
816243228.94.32016201920222025

15 cents of every revenue dollar became profit this year.

Per share
USD 3.92
Diluted EPS, FY2025
EPS Dividend
2462.943.922007201020132016201920222025
2462.943.922016201920222025

Earnings covered the dividend 1.3 times — the rest stayed in the company.

Profitability
12.5%
Return on equity, FY2025
ROE
510152012.5%2007201020132016201920222025
510152012.5%2016201920222025
Operating margin25.2%
Net margin15.0%
Return on assets2.9%

Each USD of equity produced 13 cents of profit this year.

Returned to shareholders
USD 3.0B
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 3.0B
Net buybacks
Share of profit69.5%
Consecutive raises18 years

USD 3.0B in dividends — 69% of the year's profit went back to shareholders.

Growth
+6.5% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+3.7%
+6.5%
+5.2%
+3.4%
Net income
+8.2%
+6.9%
+6.0%
+5.2%
EPS, diluted
+6.3%
+6.0%
+4.2%
+3.4%
Dividend / share
+2.9%
+3.0%
+3.2%
+3.3%
Returned to shareholders
+1.2%
+2.3%
+4.4%
+4.8%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
Shares outstanding, FY2025
0.010.012007201020132016201920222025
0.010.012016201920222025
Change, 5 years
Change, 10 years

A share split breaks the comparison across the period, so we leave it out.

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Balance sheet
USD 155.7B
total assets, end of FY2025
Total assetsUSD 155.7B
EquityUSD 36.0B
CashUSD 1.6B
Gross debtUSD 66.4B
Net debtUSD 64.7B
Current ratio0.65×

Net debt stands at 180% of equity.

History
19 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
Revenue $B
28.9
26.8
24.8
25.9
23.5
21.1
22.6
25.2
23.0
19.9
17.5
18.5
17.1
16.5
17.7
17.5
15.7
17.1
15.4
Operating income $B
7.3
7.1
5.8
5.4
3.7
4.9
7.7
4.2
2.3
4.5
4.3
3.6
3.3
4.5
4.2
3.8
3.3
3.5
3.3
EBITDA $B
13.3
12.3
10.8
9.4
7.7
8.8
11.1
7.7
5.8
7.4
6.7
5.9
5.6
6.6
6.3
5.6
5.1
5.2
4.8
Income tax $B
0.8
1.0
0.5
0.8
0.3
0.4
1.8
0.4
0.1
1.0
1.2
1.0
0.8
1.3
1.2
1.0
0.9
0.9
0.8
Net income $B
4.3
4.4
4.0
3.4
2.3
3.1
4.7
2.3
0.9
2.5
2.4
2.0
1.7
2.4
2.3
2.0
1.7
1.8
1.8
EPS, diluted $
3.92
3.99
3.62
3.26
2.24
2.93
4.50
2.17
0.84
2.55
2.59
2.18
1.87
2.67
2.55
2.36
2.06
2.25
2.28
Dividend / sh $
2.94
2.86
2.78
2.70
2.62
2.54
2.46
2.38
2.30
2.22
2.15
2.08
2.01
1.94
1.87
1.80
1.73
1.66
1.59
Payout %
69
67
76
85
120
87
54
105
248
83
80
92
103
70
71
73
80
71
68
ROE %
12.5
13.6
12.9
11.8
8.3
11.2
18.2
9.4
3.8
11.2
12.0
10.4
9.2
13.2
·
·
·
·
·
Shares out B
·
·
·
·
0.01
·
·
·
·
·
·
·
·
·
·
·
·
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
55 of 55
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed