Company financials

Southern Company

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

                    Revenue
                    FY2025
                
$29.6B
                    3y CAGR +0.3%
                    
                    P29
                    
                    +10.6%
                    
                    Net income
                    FY2025
                
$4.3B
                    Net margin +14.7%
                    
                    P65
                    
                    -1.4%
                    
                    Total assets
                    FY2025
                
$155.7B
                    ROA +2.8%
                    
                    P65
                    
                    +7.3%
                    
                    Operating cash flow
                    FY2025
                
$9.8B
                    FCF margin -9.9%
                    
                    P58
                    
                    +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

28 accounts · 5 years

Total assets $155.7B

Total liabilities $116.9B

Shareholders equity $38.9B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	5.5%	4.0%	3.0%	6.5%	7.8%
Accounts Receivable	7.6%	8.3%	8.0%	7.3%	7.8%
Prepaid Expenses	1.1%	1.1%	1.6%	1.2%	1.4%
Other Current Assets	1.4%	1.8%	2.1%	1.2%	1.0%
Total Current Assets	36.9%	40.0%	41.3%	35.6%	38.8%
Property,Plant and Equipment	387.0%	391.7%	395.4%	323.0%	394.2%
Operating Lease Assets	4.6%	5.2%	5.7%	5.2%	7.4%
Goodwill	17.5%	19.3%	20.4%	17.6%	22.8%
Intangible Assets	1.0%	1.2%	1.5%	1.4%	1.9%
Long Term Investments	2.4%	2.5%	39.5%	33.3%	44.1%
Other Noncurrent Assets	4.9%	5.5%	5.8%	5.1%	7.7%
Total Assets	526.9%	543.3%	551.7%	460.7%	551.8%
Liabilities
Accounts Payable	12.6%	13.8%	11.5%	12.0%	9.4%
Accrued Liabilities	3.9%	4.1%	4.1%	3.3%	3.8%
Current Portion of Long Term Debt	2.4%	5.0%	9.2%	8.9%	6.2%
Operating Lease Liabilities	0.7%	0.7%	0.7%	0.7%	1.1%
Other Current Liabilities	3.9%	4.1%	4.1%	3.3%	3.8%
Total Current Liabilities	57.1%	59.8%	53.3%	53.7%	47.3%
Long Term Debt	0.0%	1.8%	1.9%	1.6%	2.0%
Operating Lease Liabilities Noncurrent	4.4%	4.7%	5.2%	4.7%	6.5%
Deferred Tax Liabilities	41.1%	70.8%	73.6%	61.7%	75.5%
Other Noncurrent Liabilities	5.1%	5.1%	4.1%	4.0%	3.5%
Total Liabilities	395.4%	406.0%	412.3%	342.8%	410.9%
Equity
Common Stock	0.0%	20.4%	21.5%	18.5%	22.8%
Additional Paid In Capital	0.2%	52.9%	54.5%	46.7%	51.7%
Treasury Stock	0.0%	0.2%	0.2%	0.2%	0.2%
Total Stockholders Equity	131.5%	124.3%	124.5%	103.9%	120.6%
Total Liabilitiesand Equity	526.9%	543.3%	551.7%	460.7%	551.8%

Income Statement

Revenue, expense, and profitability

15 accounts · 5 years

Revenue $29.6B

Operating income $7.3B

Net income $4.3B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%	100.0%	100.0%
Expenses Cost of Revenue	75.3%	73.6%	76.9%	81.7%	84.0%
Expenses Depreciation and Amortization	0.1%	0.1%	0.2%	0.1%	0.2%
Expenses Operating Expenses	75.3%	73.6%	76.9%	81.7%	84.0%
Other Income Expense Operating Income	24.7%	26.4%	23.1%	18.3%	16.0%
Other Income Expense Interest Expense	0.0%	0.1%	0.1%	0.0%	0.0%
Other Income Expense Other Income/expense	1.7%	2.0%	2.2%	1.7%	1.9%
Other Income Expense Income Before Tax	16.9%	19.6%	17.2%	14.4%	11.1%
Income Tax Income Tax Expense	2.8%	3.6%	2.0%	2.7%	1.2%
net Income net Income	14.7%	16.5%	15.7%	11.7%	10.0%
net Income Comprehensive Income	14.7%	16.8%	15.7%	12.3%	11.0%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	3.7%	4.1%	4.3%	3.7%	4.6%
Earnings Per Share Weighted Average Shares Diluted	3.8%	4.1%	4.3%	3.7%	4.6%

Cash Flow Statement

Operating, investing, and financing flows

18 accounts · 5 years

Operating cash flow $9.8B

Investing cash flow $-14.0B

Financing cash flow $4.7B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	14.7%	16.5%	15.7%	11.7%	10.0%
Operating Activities Depreciation and Amortization	0.1%	0.1%	0.2%	0.1%	0.2%
Operating Activities Deferred Income Taxes	2.1%	2.3%	1.6%	2.3%	-0.2%
Operating Activities Changes In Operating Assets and Liabilities	-1.0%	1.8%	-3.4%	3.5%	-0.0%
Operating Activities Other Non Cash Items	0.3%	0.4%	0.6%	0.5%	-1.1%
Operating Activities net Cash From Operating Activities	33.2%	36.6%	29.9%	21.5%	26.7%
Investing Activities Capital Expenditures	43.1%	33.5%	36.0%	27.1%	32.8%
Investing Activities Business Acquisitions	2.1%	0.0%	0.0%	—	1.5%
Investing Activities Other Investing Activities	0.2%	0.6%	0.2%	0.5%	-0.3%
Investing Activities net Cash From Investing Activities	-47.2%	-35.2%	-38.3%	-28.8%	-31.8%
Financing Activities Dividends Paid	10.2%	11.1%	12.0%	9.9%	12.0%
Financing Activities Proceeds From Stock Issuance	5.5%	0.1%	0.1%	0.3%	0.3%
Financing Activities Other Financing Activities	-0.7%	-0.7%	-0.6%	-0.5%	-1.2%
Financing Activities net Cash From Financing Activities	15.9%	-0.8%	4.0%	8.0%	8.4%
Cash Reconciliation Effect of Exchange Rate On Cash	5.5%	4.1%	3.6%	7.0%	7.9%
Cash Reconciliation net Change In Cash	1.8%	0.7%	-4.4%	0.7%	3.3%
Cash Reconciliation Cash At Beginning of Period	5.5%	4.1%	3.6%	7.0%	7.9%
Cash Reconciliation Cash At End of Period	5.5%	4.1%	3.6%	7.0%	7.9%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+24.7%	+26.4%	+23.1%	+18.3%	+16.0%
Operating margin	+24.7%	+26.4%	+23.1%	+18.3%	+16.0%
Net margin	+14.7%	+16.5%	+15.7%	+11.7%	+10.0%
FCF margin	-9.9%	+3.1%	-6.1%	-5.5%	-6.1%
Growth
Revenue CAGR (3y)	+0.3%	+5.0%	+7.4%	+11.0%	-0.5%
Returns
ROE	+11.2%	+13.3%	+12.6%	+11.3%	+8.3%
ROA	+2.8%	+3.0%	+2.9%	+2.5%	+1.8%
ROIC	+16.0%	+17.0%	+15.4%	+13.8%	+11.8%
Liquidity
Current ratio	0.65x	0.67x	0.77x	0.66x	0.82x
Quick ratio	0.23x	0.21x	0.21x	0.26x	0.33x
Leverage
D/E	3.01x	3.27x	3.31x	3.30x	3.41x
Interest coverage	662.27x	471.20x	416.14x	413.08x	336.18x
Efficiency
Asset turnover	0.19x	0.18x	0.18x	0.22x	0.18x
Cash conversion cycle	—	—	—	—	—

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Southern Company

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