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Companies / Utilities / Southern Company
SO

Southern Company

UtilitiesElectric, Gas & WaterS&P 500
Ticker SOATLANTA, GAFiscal year ends DecemberBook value per share $37.34Diluted shares 1.1B

The Southern Company (NYSE: SO) is a holding company whose subsidiaries provide electricity, natural gas distribution, wholesale power, and related energy services. Its traditional electric utilities—Alabama Power, Georgia Power, and Mississippi Power—generate, transmit, and distribute electricity to retail customers… From the company’s description.

In fiscal 2025, Southern Company reported revenue of $29.55B, up 10.6% from fiscal 2024, and net income of $4.17B. Its operating margin was 24.7%, and operations generated $9.80B in cash. Over the twelve months to Jun 30, 2026, revenue was $30.18B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$29.55BFY2025
+10.6% year over year
Last 12 mo $30.18B
24.65%FY2025
−1.8 percentage points
Last 12 mo 24.21%
$4.17BFY2025
−2.1% year over year
Last 12 mo $4.58B
12.05%FY2025
−1.2 percentage points
Last 12 mo 11.00%
Cash & financing
$9.80BFY2025
+0.1% year over year
Last 12 mo $10.65B
$-2.94BFY2025
−452.3% year over year
Last 12 mo $-3.49B
2.02FY2025
Was 1.97× a year earlier
Last 12 mo 1.79
1.1BFY2025
+0.6% year over year
Last 12 mo 1.1B

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Southern Company does

In the company’s own words

The Southern Company (NYSE: SO) is a holding company whose subsidiaries provide electricity, natural gas distribution, wholesale power, and related energy services. Its traditional electric utilities—Alabama Power, Georgia Power, and Mississippi Power—generate, transmit, and distribute electricity to retail customers in three Southeastern states and serve wholesale customers. Southern Power develops, owns, and operates generation and battery storage assets, selling electricity in wholesale markets. Southern Company Gas distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, and also invests in gas pipelines and markets gas. Other businesses include nuclear plant services, digital wireless communications, and distributed energy and microgrid solutions for commercial, industrial, governmental, and utility customers. Southern Company Gas reports gas distribution operations, gas pipeline investments, and gas marketing services as segments; its distribution operations serve approximately 4.4 million customers. At December 31, 2025, Southern Power’s generation fleet had 12,648 megawatts of commercial operating capacity. Southern Company’s website is www.southerncompany.com.

Company details
Sector
Utilities
Industry (SIC)
Electric, Gas & Water
Headquarters
ATLANTA, GA
Fiscal year end
December
CIK
92122
SIC
4911

Financial performance, year by year

Fiscal 2013–2025 · USD
$-3.02B$6.04B$15.09B$24.14B$33.20B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Southern Company — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

822
funds hold it
0 of 35
superinvestors hold it
$37.79B
held by funds, at market
34.5%
of shares held by funds
97
bond issues held by funds

Largest fund holders · Southern Company’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.15%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.17%of fund net assets
—of fund net assets
7.60%of fund net assets
iShares Core S&P 500 ETF
IVV · iShares Trust
0.17%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Southern Company’s bonds, as funds hold them

Funds report holding 97 issues of Southern Company’s debt, $10.07B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.71%, maturing 2026 to 2081.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Southern Company and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Southern Company's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Southern Company's last four quarterly filings that the numbers alone won't show?”
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