# The Southern Company (SO)

**Exchange:** NYSE  
**Sector:** Utilities  
**Market cap:** $104.27B  
**Price:** $94.02 (+1.15%)

> The Southern Company is a leading U.S. energy holding company that focuses on the generation, transmission, and distribution of electricity and natural gas. Headquartered in Atlanta, Georgia, it operates through vertically integrated electric utilities, a wholesale energy business, and regulated natural gas distribution utilities. The company serves residential, commercial, industrial, and governmental customers across multiple states, providing power through a diverse mix of energy sources, including natural gas, nuclear, coal, and renewables such as solar and wind. 

Southern Company’s regulated utilities manage extensive transmission and distribution networks, ensuring reliable delivery of energy to end users. Its wholesale subsidiary develops and owns generation assets and sells electricity primarily under long-term contracts, supporting grid stability and regional energy needs. The natural gas segment handles distribution, storage, and related services for retail customers. Within the utilities sector, Southern Company plays a significant role in maintaining essential energy infrastructure and supporting economic activity in the regions it serves. Founded in 1945, it remains a central participant in the U.S. regulated utilities market.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $29.55B | — | $7.29B | $4.34B | $3.92 |
| 2024 | $26.72B | — | $7.07B | $4.40B | $3.99 |
| 2023 | $25.25B | — | $5.83B | $3.98B | $3.62 |
| 2022 | $29.28B | — | $5.37B | — | $3.26 |
| 2021 | $23.11B | — | $3.70B | — | $2.24 |
| 2020 | $20.38B | — | $4.88B | — | $2.93 |
| 2019 | $21.42B | — | $7.74B | — | $4.50 |
| 2018 | $23.50B | — | $4.19B | — | $2.17 |
| 2017 | $23.03B | — | $2.33B | — | $0.84 |
| 2016 | $19.90B | — | $4.49B | — | $2.55 |
| 2015 | $17.49B | — | $4.28B | — | $2.59 |
| 2014 | $18.47B | — | $3.64B | — | $2.18 |
| 2013 | $17.09B | — | $3.25B | — | $1.87 |
| 2012 | $16.54B | — | $4.46B | — | $2.67 |
| 2011 | $17.66B | — | $4.23B | — | $2.55 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $155.72B | $116.85B | $36.02B | $1.64B | — |
| 2024 | $145.18B | $108.51B | $33.21B | $1.07B | — |
| 2023 | $139.33B | $104.11B | $31.44B | $748M | — |
| 2022 | $134.89B | $100.36B | $30.41B | $1.92B | — |
| 2021 | $127.53B | $94.97B | $27.87B | $1.80B | — |
| 2020 | $122.94B | $90.41B | $27.97B | $1.06B | — |
| 2019 | $118.70B | $86.65B | $27.50B | $1.98B | — |
| 2018 | $116.91B | $87.58B | $24.72B | $1.40B | — |
| 2017 | $111.00B | $85.15B | $24.17B | $2.13B | — |
| 2016 | $109.70B | $82.80B | $24.76B | $1.98B | — |
| 2015 | $78.32B | $56.17B | $20.59B | $1.40B | — |
| 2014 | $70.23B | $48.89B | $19.95B | $710M | — |
| 2013 | $64.26B | $44.41B | $19.01B | $659M | — |
| 2012 | $63.15B | $43.77B | $18.30B | $628M | — |
| 2011 | $59.27B | $40.61B | $18.29B | $1.31B | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $9.80B | $12.74B | -$2.94B |
| 2024 | $9.79B | $8.96B | $833M |
| 2023 | $7.55B | $9.10B | -$1.54B |
| 2022 | $6.30B | $7.92B | -$1.62B |
| 2021 | $6.17B | $7.59B | -$1.42B |
| 2020 | $6.70B | $7.52B | -$826M |
| 2019 | $5.78B | $7.55B | -$1.77B |
| 2018 | $6.95B | $8.00B | -$1.06B |
| 2017 | $6.39B | $7.42B | -$1.03B |
| 2016 | $4.89B | $7.31B | -$2.42B |
| 2015 | $6.27B | $5.67B | $600M |
| 2014 | $5.82B | $5.25B | $569M |
| 2013 | $6.10B | $5.33B | $766M |
| 2012 | $4.90B | $4.81B | $89M |
| 2011 | $5.90B | $4.53B | $1.38B |

Source: [CompaniesByCap](https://companiesbycap.com/company/SO)