Dashboard|SO – Overview

SOUTHERN CO

Utilities • CIK: 0000092122

Market Cap

$104.22B

P/E (TTM)

23.4x

Rev Growth (TTM)

+9.4%

Net Margin (TTM)

14.9%

FCF Yield (TTM)

-1.7%

FCF Margin (TTM)

-6.3%

LATEST EARNINGS

•

Q3 FY2025

•

4 months ago

•View source

Revenue

—

Net Income

—

EPS

—

•Third-quarter earnings increased to $1.7 billion, or $1.55 per share, up from $1.5 billion, or $1.40 per share, in the prior year.
•Operating revenues for the third quarter were $7.8 billion, a 7.5% increase compared to $7.3 billion in the prior year.
•Year-to-date earnings (excluding special items) increased to $4.1 billion, or $3.76 per share, from $3.9 billion, or $3.56 per share, in the prior year.
•Total regulated utility customers increased by 0.8% year-over-year to 8,934 thousand.

View Full Earnings →

Cash Flow Health

Free Cash Flow3/8 positive

TTM$-1.8B

Q3 '25

$559M+190%

Q2 '25

$-619M+48%

FCF Margin

TTM-6.3%

Q3 '257.1%+180%

Sector: 3.7%Below Avg

OCF Margin32.4%

OCF/NI2.18x

CapEx Coverage0.8x

FCF Yield-1.7%

FCF Growth (2Y)–

Cash Conversion Cycle

38 days

DSO: 38+DIO: –−DPO: –

View Insights from Latest Filing →View Full Cash Flow Statement →

Capital Allocation & Returns

Balanced

Total Shareholder YieldEst.

Est.2.9%

Div Yield2.9%

Balancing returns with reinvestment

Dividend & Payout Metrics

Dividend Yield (TTM)2.9%

Free Cash Flow (TTM)$-1.8B

Capital Return / FCF-163.9%

Est. Dividends Paid (TTM)$3.0B

Estimated: Buyback data estimated from FCF. Actual repurchase data not available for this company.

Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM

171.4%

Volatile

+25.4% YoY+272.5%

P25MedianP75

75th pctl (med: 0.1%)

DuPont BreakdownROIC = Margin × Turn × (1+D/E)

NOPAT Margin

20.6%

8Q: 21.2%

Asset Turnover

0.20x

8Q: 0.19x

Leverage (1+D/E)

–

Asset & CapEx Efficiency

Invested Cap Turn

8.31x

8Q:3.70x

+1171.6%

CapEx Intensity

3.2%

8Q:1.5%

CapEx/Depreciation

1.94x

Asset-based ROIC formula

Full Analysis

QUARTERLY TRENDS

Last 8 quarters + TTM

Metric	TTM	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023
Revenue	$28.9B	$7.8B↑12.2%	$7.0B↓10.3%	$7.8B↑22.6%	$6.3B↓12.8%	$7.3B↑12.5%	$6.5B↓2.8%	$6.6B↑9.9%	$6.0B
Operating Income	$7.4B	$2.6B↑47.1%	$1.8B↓12.2%	$2.0B↑90.0%	$1.1B↓55.3%	$2.4B↑22.1%	$1.9B↑13.9%	$1.7B↑41.1%	$1.2B
Net Income	$4.5B	$1.7B↑94.4%	$880.0M↓34.0%	$1.3B↑149.8%	$534.0M↓65.2%	$1.5B↑27.6%	$1.2B↑6.6%	$1.1B↑32.0%	$855.0M
Operating Cash Flow	$9.4B	$3.8B↑73.0%	$2.2B↑74.5%	$1.3B↓42.5%	$2.2B↓39.9%	$3.6B↑34.5%	$2.7B↑105.0%	$1.3B↓27.7%	$1.8B
Free Cash Flow	$-1.8B	$559.0M↑190.3%	$-619.0M↑47.9%	$-1.2B↓106.1%	$-576.0M↓144.1%	$1.3B↑131.8%	$563.0M↑222.7%	$-459.0M↑36.3%	$-721.0M
Total Equity	N/A

Income Statement Cash Flow Statement Balance Sheet

Valuation Analysis

Fair Value

Price-to-EarningsTTM

23.4x

Volatile

8Q: 73.3x+1203%

Valuation Lenses

Earnings

23.4x

vs – sector

Cash Flow

-45.9x

EV/FCF vs –

Growth-Adj

2.5xPEG

Expensive for growth

Quality-Adj

0.1P/E per %ROIC

ROIC: 171.4%

Shareholder Returns

Dividend

2.9%

Buyback

–

Total Yield

2.9%

Market Cap$104.22B

EV–

Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score

70/100

High Quality

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)

–

8Q:–

Return on Invested Capital (ROIC)Top 25%

1.7%

8Q:–

+272.5%

vs Sector:0.1%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: 20.6%

Asset Turnover: 0.20x

Earnings Quality

Cash Conversion

2.18x

OCF / Net Income ✓

FCF Consistency

–

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin100.0%

Capital Efficiency

Invested Capital Turnover8.31x

Working Capital

Cash Conversion Cycle38 days

Growth Quality & Momentum

Moderate Growth

Growth Quality Score

59/100

Growth 40%

Margins 30%

FCF 20%

Consistency 10%

Growth Rates

Revenue Growth YoY

9.4%

OpInc Growth YoY

9.5%

EPS Growth YoY

-6.3%

FCF 3Y CAGR

N/A

Margin Quality & Sustainability

Low Quality

Profitability Cascade

Gross

100.0%

Operating

25.7%

Above Avg in sector

Net

14.9%

Margins Unknown

Earnings Quality Signals

SBC / Revenue

—

FCF vs Net Gap

-21.2 pts

FCF: -6.3% | Net: 14.9%

FCF margin lags net margin by 21.2 pts

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Net Debt / EBITDA

–Net Debt: $61.42B

Interest Coverage

–

Leverage Metrics

Debt-to-Equity

–x

Balance sheet risk & solvency analysis