The Southern Company (SO)

The Southern Company Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	30,174	29,553	26,724	25,253	29,279	23,113
Revenue Growth (YoY)	8.33%	10.59%	5.83%	-13.75%	26.68%	13.44%
Fuel and Purchased Power Expense	10,837	8,163	6,843	7,452	11,828	6,964
Operations and Maintenance Expenses	10,305	7,066	6,518	6,025	6,824	5,902
Gross Profit	9,032	14,324	13,363	11,776	10,627	10,247
Depreciation & Amortization Expenses	5,636	5,501	4,755	4,525	3,663	3,565
Taxes Other than Income Tax	1,557	1,538	1,540	1,425	1,411	1,290
Other Operating Expenses	-	-	-	-	183	1,694
Operating Income	7,293	7,285	7,068	5,826	5,370	3,698
Interest Income	517	452	374	412	375	266
Interest Expense	-4,197	-3,238	-2,743	-2,446	-2,022	-1,837
Other Non-Operating Income (Expense)	507	500	530	553	500	449
Total Non-Operating Income (Expense)	-3,173	-2,286	-1,839	-1,481	-1,147	-1,122
Pretax Income	5,015	4,999	5,229	4,345	4,223	2,576
Provision for Income Taxes	776	828	969	496	795	267
Net Income	4,779	4,341	4,401	3,976	3,524	2,393
Minority Interest in Earnings	-124	-170	-141	-127	-107	-99
Net Income Attributable to Preferred Dividends	-	-	-	-	11	15
Net Income to Common	4,779	4,341	4,401	3,976	3,524	2,393
Net Income Growth	-7.02%	-1.36%	10.69%	12.83%	47.26%	-23.28%
Shares Outstanding (Basic)	1,109	1,103	1,096	1,092	1,075	1,061
Shares Outstanding (Diluted)	1,110	1,109	1,102	1,098	1,081	1,068
Shares Change (YoY)	1.00%	0.64%	0.36%	1.57%	1.22%	0.28%
EPS (Basic)	3.94	3.94	4.02	3.64	3.28	2.26
EPS (Diluted)	3.91	3.92	3.99	3.62	3.26	2.24
EPS Growth	-6.24%	-1.75%	10.22%	11.04%	45.54%	-23.55%
Shares Outstanding	1,127	1,099	1,097	1,091	1,089	1,060
Free Cash Flow	-3,466	-2,935	833	-1,542	-1,621	-1,417
Free Cash Flow Per Share	-3.12	-2.65	0.76	-1.40	-1.50	-1.33
Dividends Per Share	2.960	2.940	2.860	2.780	2.700	2.620
Dividend Growth	0.68%	2.80%	2.88%	2.96%	3.05%	3.15%
Gross Margin	48.56%	48.47%	50.00%	46.63%	36.30%	44.33%
Operating Margin	24.17%	24.65%	26.45%	23.07%	18.34%	16.00%
Profit Margin	14.05%	14.11%	15.94%	15.24%	11.71%	9.99%
FCF Margin	-11.49%	-9.93%	3.12%	-6.11%	-5.54%	-6.13%
EBITDA	13,492	13,315	12,334	10,812	9,434	7,671
EBITDA Margin	44.71%	45.05%	46.15%	42.81%	32.22%	33.19%
EBIT	7,293	7,285	7,068	5,826	5,370	3,698
EBIT Margin	24.17%	24.65%	26.45%	23.07%	18.34%	16.00%
Effective Tax Rate	15.47%	16.56%	18.53%	11.42%	18.83%	10.36%

Updated Apr 29, 2026. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q