FY2025 · ended Dec 31, 2025 · Revenue $28.94B, +8.1% YoY · Filed Feb 19, 2026
Southern Co (SO) files with the SEC under industry code 4911, Electric Services. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $28.9 billion and net income of $4.3 billion. Free cash flow was -$2.9 billion. As of Mar 31, 2026 it held $981.0 million in cash and investments and $3.2 billion in total debt.
Revenue (TTM)
$29.39B
+6.2% vs year-ago TTM
Net income
$4.34B
Operating cash flow (TTM)
$9.78B
+0.5% vs year-ago TTM
Free cash flow (TTM)
$-3.47B
-3401.0% vs year-ago TTM
EPS
$3.92
-1.8% vs prior year
Dividend per share (TTM)
$2.96
+2.8% vs year-ago TTM
Shares outstanding
1.12B
+2.1% vs prior year
Net cash
$-2.17B
as of Mar 31, 2026
Operating margin
24.8%
FY 2026
Company profile
- Industry
- Electric Services (SIC 4911)
- Listed as
- SO (NYSE), SOJC (NYSE), SOJD (NYSE), SOJE (NYSE), SOJF (NYSE), SOMN (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Atlanta, GA
- SEC filer status
- Large accelerated filer
- SEC CIK
- 92122
- Former names
- SOUTHERN CO (until Nov 5, 2026)
Other Electric Services companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $28.9B | $26.8B | $24.8B | $25.9B | $23.5B |
| Operating income | $7.3B | $7.1B | $5.8B | $5.4B | $3.7B |
| Net income | $4.3B | — | — | — | — |
| Diluted EPS | $3.92 | $3.99 | $3.62 | $3.26 | $2.24 |
| Operating cash flow | $9.8B | $9.8B | $7.6B | $6.3B | $6.2B |
| Free cash flow | -$2.9B | $833.0M | -$1.5B | -$1.6B | -$1.4B |
| Total assets | $155.7B | $145.2B | $139.3B | $134.9B | $127.5B |
| Total liabilities | $116.9B | $108.5B | $104.1B | $100.4B | $95.0B |
| Stockholders' equity | $36.0B | $33.2B | $31.4B | $30.4B | $27.9B |
| Cash and investments | $1.6B | $1.1B | $10.7B | $11.7B | $12.0B |
| Total debt | $3.0B | $3.1B | $4.1B | $4.5B | $3.4B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Results of operations
|
Nov 5, 2026 | Nov 5, 2026 |
| 10-Q | Quarterly report | Nov 5, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Bylaw or fiscal year change, Other events
|
Oct 22, 2026 | Oct 20, 2026 |
| 8-K |
Current report
New debt, Unregistered share sale
|
Aug 6, 2026 | Aug 3, 2026 |
| 8-K |
Current report
Other events
|
Aug 4, 2026 | Aug 3, 2026 |
| 8-K |
Current report
Other events
|
Aug 3, 2026 | Aug 3, 2026 |
All 1010 Southern Co SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.