Southern Co (SO)
Utilities · Electric Utilities · US stock · S&P 500 component
$91.18
▲ +2.00 (2.24%)
Fair valueFair
$76 −16.3% to fair value
$38fair band $53–$99$114
Day's range
$89.20 – $91.22
52-week range
$81.69 – $98.45
About Southern Co
Southern Company is a utility holding company that generates and delivers electricity and natural gas in the southeastern United States. Its electric utilities include Alabama Power, Georgia Power and Mississippi Power, while Southern Company Gas delivers natural gas to homes and businesses in several states, and Southern Power supplies electricity to wholesale customers. The group's fleet includes nuclear, gas, coal, hydro and renewable generation. Customers are households, businesses and industrial users whose rates are overseen by state regulators.
Revenue comes mainly from regulated electricity and gas charges, with rates set so the utilities can recover costs and earn an allowed return. Sales were $30.2 billion over the last twelve months, with growth of 0.3% a year across the last three years. The operating margin is 24.2%, and the business earns a profit of 5% on the capital invested in it. Net debt is 5.5 times EBITDA. The dividend yield is 3.3%. On the site's X-Ray Score it receives 48 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $81.69 – $98.45Volume 8,272,000Daily, split-adjusted
Vitals
Market cap$102.9B
52-week range$81.69 – $98.45
Volume (last day)8,272,000
P/E (TTM)23.3
EBIT / EV yield4.1%
Free-cash-flow yield-3.4%
Dividend yield3.3%
Revenue (TTM)$30.2B
Net income (TTM)$4.4B
Operating margin24.2%
Return on capital5.4%
Debt incl. leases$74.5B
Cash & securities$981M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$76model spread $65 – $82
Fair
−16.3% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Terminal value >80% of DCF: lower confidence
Price $91
Undervalued < $53Fair $53 – $99Overvalued > $99
10-year DCF (market-scaled)
$64
Peer multiples
$82
Earnings power floor (not blended)
$18
Fundamentals-adjusted multiple
$83
Growth the price implies
12.6%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Average business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Utilities peers. Open a lens to see the numbers behind it.
Valuation
Weak
45/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield4.1%
Free-cash-flow yield-3.4%
Fair value vs price0.8×
Growth
Fair
54/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)0.3%
EPS growth (3y)6.3%
Growth consistency90%
Profitability
Fair
51/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital5.4%
Operating margin24.2%
Financial health
Fair
51/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score4 / 9
Net debt / EBITDA5.5×
Interest coverNo interest cost
Dividends
Weak
26/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield3.3%
Dividend growth1.2%
Quarterly results: last 6 quarters
+3.4%
Dec '24
+16.4%
Mar '25
+7.9%
Jun '25
+4.6%
Sep '25
+11.7%
Dec '25
+8.0%
Mar '26
Revenue against the same quarter a year earlier. Latest quarter revenue $8.4B, diluted EPS $1.20.
Compare with peers
EIX Edison International71 EXC Exelon Corp66 ES Eversource Energy66 AEP American Electric Powe...63Other Electric Utilities companies by X-Ray Score.
Fundamentals checklist
● 4 Good · ● 6 Average · ● 3 BadCash quality
Earnings backed by cashAverage
Free-cash-flow yieldGood
Risk models
Piotroski F-ScoreBad
Growth
EPS growth (3y)Average
Revenue growth (3y)Bad
Growth consistencyGood
Balance sheet
Current ratioBad
Net debt / EBITDAGood
Interest coverGood
Valuation
Fair value vs priceAverage
EBIT / EV yieldAverage
Profitability
Return on invested capitalAverage
Operating marginAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 52/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $23.5B | $29.3B | $25.3B | $26.8B | $29.6B |
| Operating income | $3.7B | $5.4B | $5.8B | $7.1B | $7.3B |
| Net income | $2.3B | $3.4B | $4.0B | $4.4B | $4.3B |
| Operating cash flow | $6.2B | $6.3B | $7.6B | $9.8B | $9.8B |
| Operating margin | 15.8% | 18.3% | 23.1% | 26.4% | 24.7% |
| Free cash flow | −$1.4B | −$1.6B | −$1.5B | $833M | −$2.9B |
| Diluted EPS | $2.24 | $3.26 | $3.62 | $3.99 | $3.92 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bullish
12 bullish · 0 neutral · 4 bearish
Weekly
Strongly bullish
9 bullish · 1 neutral · 2 bearish
Monthly
Strongly bullish
6 bullish · 1 neutral · 1 bearish
Moving averages (daily)
| SMA 10 | 87.19 | Bullish |
| EMA 10 | 87.74 | Bullish |
| SMA 20 | 85.38 | Bullish |
| EMA 20 | 86.82 | Bullish |
| SMA 50 | 87.72 | Bullish |
| EMA 50 | 87.81 | Bullish |
| SMA 100 | 90.69 | Bullish |
| EMA 100 | 89.41 | Bullish |
| SMA 200 | 91.13 | Bullish |
| EMA 200 | 90.01 | Bullish |
Oscillators (daily)
| RSI (14) | 72.89 | Bearish |
| MACD (12, 26) | 0.57 | Bullish |
| Momentum (12) | 10.00 | Bullish |
| Stochastic %K (14) | 99.58 | Bearish |
| Williams %R (14) | -0.42 | Bearish |
| CCI (20) | 186.8 | Bearish |
Pivot points (classic, last session)
S3 87.83 | S2 88.51 | S1 89.85 | Pivot 90.53 | R1 91.87 | R2 92.55 | R3 93.89 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
3.00 USD
Yield on today's price
3.29%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 17 Aug 2026 | 0.7600 |
| 18 May 2026 | 0.7600 |
| 17 Feb 2026 | 0.7400 |
| 17 Nov 2025 | 0.7400 |
| 18 Aug 2025 | 0.7400 |
| 19 May 2025 | 0.7400 |
| 18 Feb 2025 | 0.7200 |
| 18 Nov 2024 | 0.7200 |
| 19 Aug 2024 | 0.7200 |
| 17 May 2024 | 0.7200 |
| 16 Feb 2024 | 0.7000 |
| 17 Nov 2023 | 0.7000 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
SO SEC filings
6 Aug 2026
8-KSEC EDGAR
Current report
4 Aug 2026
8-KSEC EDGAR
Other events
3 Aug 2026
8-KSEC EDGAR
Other events
30 Jul 2026
8-KSEC EDGAR
Results of operations
30 Jul 2026
10-QSEC EDGAR
Quarterly report
8 Jun 2026
8-KSEC EDGAR
Other events
15 May 2026
8-KSEC EDGAR
Shareholder vote results
30 Apr 2026
8-KSEC EDGAR
Results of operations
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.