Company financials

Southern Company

Utilities Electric Utilities Atlanta, Georgia Last filing Feb 19, 2026 · FY2025

                    Revenue
                    FY2025
                
$29.6B
                    3y CAGR +0.3%
                    
                    P30
                    
                    +10.6%
                    
                    Net income
                    FY2025
                
$4.3B
                    Net margin +14.7%
                    
                    P60
                    
                    -1.4%
                    
                    Total assets
                    FY2025
                
$155.7B
                    ROA +2.8%
                    
                    P65
                    
                    +7.3%
                    
                    Operating cash flow
                    FY2025
                
$9.8B
                    FCF margin -12.1%
                    
                    P55
                    
                    +0.1%

19 yrs · FY2007–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s revenue.

Balance Sheet

Assets, liabilities, and equity

22 accounts · 3 years

Total assets $155.7B

Total liabilities $116.9B

Shareholders equity $36.0B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	5.5%	4.0%	3.0%
Accounts Receivable	13.0%	13.7%	13.2%
Other Current Assets	18.4%	22.4%	25.1%
Total Current Assets	36.9%	40.0%	41.3%
Property,Plant and Equipment	387.0%	391.7%	395.4%
Regulatory Assets	42.5%	46.8%	46.4%
Other Noncurrent Assets	60.5%	64.7%	68.6%
Total Assets	526.9%	543.3%	551.7%
Liabilities
Current Portion of Long Term Debt	23.5%	22.7%	19.0%
Other Current Liabilities	33.7%	37.2%	34.4%
Total Current Liabilities	57.1%	59.8%	53.3%
Long Term Debt	222.1%	219.9%	226.5%
Other Noncurrent Liabilities	116.1%	126.3%	132.4%
Total Liabilities	395.4%	406.0%	412.3%
Equity
Total Stockholders Equity	121.9%	124.3%	124.5%
Common Stock	18.8%	20.4%	21.5%
Additional Paid In Capital	53.3%	52.9%	54.5%
Retained Earnings	50.3%	51.5%	49.4%
Treasury Stock	0.2%	0.2%	0.2%
Accumulated Other Comprehensive Income	-0.3%	-0.3%	-0.7%
Noncontrolling Interest	9.6%	13.0%	15.0%
Total Liabilitiesand Equity	526.9%	543.3%	551.7%

Income Statement

Revenue, expense, and profitability

14 accounts · 3 years

Revenue $29.6B

Operating income $7.3B

Net income $4.3B

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%
Expenses Selling,General and Administrative	23.9%	24.4%	23.9%
Expenses Depreciation and Amortization	18.6%	17.8%	17.9%
Expenses Other Operating Expenses	5.2%	5.8%	5.6%
Other Income Expense Operating Income	24.7%	26.4%	23.1%
Other Income Expense Interest Expense	11.0%	10.3%	9.7%
Other Income Expense Other Income/expense	3.2%	3.4%	3.8%
Other Income Expense Income Before Tax	16.9%	19.6%	17.2%
Income Tax Income Tax Expense	2.8%	3.6%	2.0%
net Income Other Items Below Tax	0.6%	0.5%	0.5%
net Income net Income	14.7%	16.5%	15.7%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Diluted	3.8%	4.1%	4.3%

Cash Flow Statement

Operating, investing, and financing flows

13 accounts · 3 years

Operating cash flow $9.8B

Investing cash flow $-14.0B

Financing cash flow $4.7B

Account	2025	2024	2023
CashFlow
Operating Activities net Cash From Operating Activities	33.2%	36.6%	29.9%
Operating Activities net Income	14.1%	15.9%	15.2%
Operating Activities Depreciation and Amortization	20.4%	19.7%	19.7%
Operating Activities Other Non Cash Items	-1.4%	1.0%	-5.1%
Investing Activities Capital Expenditures	-45.2%	-33.5%	-36.0%
Investing Activities Other Investing Activities	-2.0%	-1.7%	-2.3%
Investing Activities net Cash From Investing Activities	-47.2%	-35.2%	-38.3%
Financing Activities Proceeds From Debt	42.9%	25.7%	40.8%
Financing Activities Repayment of Debt	-19.9%	-14.6%	-23.5%
Financing Activities Dividends Paid	-10.9%	-11.7%	-12.9%
Financing Activities Other Financing Activities	3.8%	-0.1%	-0.4%
Financing Activities net Cash From Financing Activities	15.9%	-0.8%	4.0%
Cash Reconciliation net Change In Cash	1.8%	0.7%	-4.4%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	—	—	—
Operating margin	+24.7%	+26.4%	+23.1%
Net margin	+14.7%	+16.5%	+15.7%
FCF margin	-12.1%	+3.1%	-6.1%
Growth
Revenue CAGR (3y)	+0.3%	+5.0%	+7.4%
Returns
ROE	+12.1%	+13.3%	+12.6%
ROA	+2.8%	+3.0%	+2.9%
ROIC	+5.7%	+5.9%	+5.6%
Liquidity
Current ratio	0.65x	0.67x	0.77x
Quick ratio	0.32x	0.30x	0.30x
Leverage
D/E	3.24x	3.27x	3.31x
Interest coverage	2.25x	2.58x	2.38x
Efficiency
Asset turnover	0.19x	0.18x	0.18x
Cash conversion cycle	—	—	—

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Southern Company

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