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SouthernSO

Electric Utilities · Atlanta, Georgia · In the S&P 500
Solid businessPricier than peers
$93.71+0.77%After hours: $93.66 (−0.06%)At the close, 30 Oct · Prices from CNBC, may be delayed
▲ 0.2% over 1 year
Southern over 1 yearDaily close, $, to 30 Oct 2026
$85$90$95Nov2026MarMayJulSep$93.71$90NovMarJul$93.71
Source: Nasdaq daily closes
Market value$108B
Price to earnings22.6x
Forward P/E20.1x
Dividend yield3.24%
Year to date+7.5%
One year+0.2%
Next earningsThu 5 Nov, before the open
SectorUtilities
52-week range (closes)
$82.35$99.11

Quality and valuation

How Southern compares with other utilities stocks. A description, not a recommendation.

Southern and 7 electric utilities peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: about averageValuation: pricier than most

An average business among utilities companies, priced above most of them.

Southern trades at 20.1 times the next 12 months of expected earnings, against a median of 18.6x for the 33 utilities stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew slower than the sector median: +8.3% vs +8.3%
  • More profitable (operating margin): 24.2% vs 22.8%
  • Turns more of its sales into cash: −11.5% vs −14.5%
SO trades at 20.1x forward earnings, above the sector medianForward p/e, Electric Utilities peers
VST15.1xEXC15.7xDUK18.8xAEP19.6xSO20.1xCEG21.4xWEC21.9xETR23.4xSector median 18.6xVST15.1xEXC15.7xDUK18.8xAEP19.6xSO20.1xCEG21.4xWEC21.9xETR23.4xSector median 18.6x
Source: CNBC quotes; Mostly Markets
At 24.0x earnings, SO is pricier than its average since May 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
20x22x26xAverage 22.3x2025202624.0x20x22x25xAverage 22.3x2025202624.0x
Source: Nasdaq prices; SEC filings

Financials

From Southern's SEC filings, through the quarter ending 31 Mar 2026. Hover or tap a bar for its value.

Revenue grew 8.0% from a year earlierQuarterly revenue, $bn, latest Q1 ’26
$0bn$2bn$5bn$8bnQ2 ’24Q4 ’24Q2 ’25$8.4bnQ1 ’26$0bn$5bnQ2 ’24Q4 ’24Q2 ’25$8.4bnQ1 ’26
Source: SEC filings
Growth slowed to +8.0% last quarterRevenue growth, year on year, %
0%5%10%15%Q2 ’24Q4 ’24Q2 ’258.0%Q1 ’260%10%Q2 ’24Q4 ’24Q2 ’258.0%Q1 ’26
Source: SEC filings
Operating margin was 24.0% last quarterOperating income as a share of revenue, %
0%10%20%30%Q2 ’24Q4 ’24Q2 ’2524.0%Q1 ’260%20%Q2 ’24Q4 ’24Q2 ’2524.0%Q1 ’26
Source: SEC filings
Free cash flow was −$3.5 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $bn
$-1bn$0bn$1bnQ2 ’24Q4 ’24Q2 ’25−$1.7bnQ1 ’26$0bnQ2 ’24Q4 ’24Q2 ’25−$1.7bnQ1 ’26
Source: SEC filings
Last 12 monthsSOSector median
Revenue growth+8.3%+8.3%
Operating margin24.2%22.8%
Free cash flow margin−11.5%−14.5%
Price to earnings22.6x21.1x

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Similar companies

Electric Utilities, by market value.

CompanyPriceTodayYTDValue
DUKDuke Energy$127.39+1.18%+8.7%$99.33B
CEGConstellation Energy$262.38−0.83%−25.7%$92.96B
AEPAmerican Electric Power$130.21+0.67%+12.9%$70.90B
ETREntergy$110.11+0.13%+19.1%$52.61B
EXCExelon$46.16+0.54%+5.9%$47.65B
VSTVistra$138.37−1.83%−14.2%$46.44B
WECWEC Energy Group$116.07+1.26%+10.1%$37.82B
PEGPublic Service Enterprise Group$74.29+0.90%−7.5%$37.03B