Southern Company is a major utility in the southeastern US. Through subsidiaries such as Georgia Power and Alabama Power it generates and supplies electricity, plus natural gas to millions of customers. Its power plant fleet also includes nuclear plants. Most of the business is regulated. As of Oct 11, 2026
As of Oct 11, 2026Fact sheet (from the annual report)Electric utilities · Atlanta, USAfull fact sheet
Southern Company is a holding company that includes the power generator Southern Power and the gas group Southern Company Gas. The electric utilities Alabama Power, Georgia Power and Mississippi Power are vertically integrated and serve retail and wholesale customers in the Southeast. Southern Power owns power plants and battery storage and sells electricity at market prices in the wholesale market, without traditional regulation by the states. The group’s gas distribution serves customers in Illinois, Georgia, Virginia and Tennessee, including through Nicor Gas and Atlanta Gas Light. Other subsidiaries are Southern Nuclear for operating the nuclear plants and PowerSecure for distributed energy and microgrids.
Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
52-week-high breakout · Analysis method
The price of SO is currently in no zone of this method. The check runs daily after the market close.
Whether a price will soon reach a zone, you see from Watcher. Plans and pricing
How the zone is formed
What is this? The price closes above the highest high of the last 52 weeks for the first time, on clearly higher volume. New 52-week highs are seen as a sign of strength.
Buy zone: the old high up to 1 ATR above it (retest). Stop: 1.5 ATR below the old high. Targets: 3 and 5 ATR above the old high.
The pattern is valid for at most 15 trading days and expires if the price falls below the stop. This is a calculated analysis, not a forecast and not a call to buy. Risk notice and investment advice
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SEC filing (10-K, 10-Q)Required reports of listed companies to the US Securities and Exchange Commission (SEC): 10-K is the annual report, 10-Q the quarterly report, 20-F the annual report of foreign companies. We show the figures of the first filing.Example: 10-K for the fiscal year ending Sep 27, 2025, filed on Oct 31, 2025.More in the Academy: Lesson revenue, profit and margin
Southern Company · Sector Utilities · amounts in USD
Information only – does not affect our buy zones, not investment advice. Source: SEC filings, As of Feb 19, 2026.
In short
Light green: Revenue grew over 5 years (+7.7% per year), at least as fast as the sector median.
Light yellow: Net income (total) grew over 5 years (+6.9% per year), more slowly than the sector median; per share +6.0% per year.
Light green: Net margin 14.7%, above the sector median (13.7%).
Light green: Profit in each of the last 10 fiscal years.
Light yellow: High payout ratio (75% of earnings).
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
RevenueNet incomeNet margin (below)in USD
010B20B30B
2016Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Revenue 19.9B USD · Net income 2.5B USD · Net margin 12.7%
2017Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Revenue 23.0B USD · Net income 926.0M USD · Net margin 4.0%
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 23.5B USD · Net income 2.3B USD · Net margin 9.8%
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 21.4B USD · Net income 4.7B USD · Net margin 22.1%
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 20.4B USD · Net income 3.1B USD · Net margin 15.2%
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 23.1B USD · Net income 2.3B USD · Net margin 10.0%
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 29.3B USD · Net income 3.4B USD · Net margin 11.7%
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 25.3B USD · Net income 4.0B USD · Net margin 15.7%
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 26.7B USD · Net income 4.4B USD · Net margin 16.5%
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 29.6B USD · Net income 4.3B USD · Net margin 14.7%
Margin
13%4%10%22%15%10%12%16%16%15%
RevenueNet incomeNet margin (below)in USD
02.5B5B7.5B10B
Q2/23Quarter Q2/23 (Apr 1, 2023 – Jun 30, 2023): Revenue 5.7B USD · Net income 823.0M USD · Net margin 14.3%
Q3/23Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Revenue 7.0B USD · Net income 1.4B USD · Net margin 20.5%
Q4/23Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Revenue 6.0B USD · Net income not available · Net margin not available · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/24Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Revenue 6.6B USD · Net income 1.1B USD · Net margin 16.1%
Q2/24Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Revenue 6.5B USD · Net income 1.2B USD · Net margin 18.6%
Q3/24Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Revenue 7.3B USD · Net income 1.5B USD · Net margin 21.1%
Q4/24Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Revenue 6.3B USD · Net income 534.0M USD · Net margin 8.4% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/25Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Revenue 7.8B USD · Net income 1.3B USD · Net margin 17.2%
Q2/25Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Revenue 7.0B USD · Net income 880.0M USD · Net margin 12.6%
Q3/25Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Revenue 7.8B USD · Net income 1.7B USD · Net margin 21.9%
Q4/25Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Revenue 7.0B USD · Net income 416.0M USD · Net margin 6.0% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/26Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Revenue 8.4B USD · Net income 1.4B USD · Net margin 16.1%
Margin
14%21%16%19%21%8%17%13%22%6%16%
Earnings per shareUSD per share
02.004.006.00
2016Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Earnings per share 2.55 USD
2017Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Earnings per share 0.84 USD
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Earnings per share 2.17 USD
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Earnings per share 4.50 USD
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Earnings per share 2.93 USD
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Earnings per share 2.24 USD
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Earnings per share 3.26 USD
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Earnings per share 3.62 USD
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Earnings per share 3.99 USD
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Earnings per share 3.92 USD
Earnings per shareUSD per share
00.501.001.502.00
Q2/23Quarter Q2/23 (Apr 1, 2023 – Jun 30, 2023): Earnings per share 0.76 USD
Q4/25Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Earnings per share not reported separately for Q4
Q1/26Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Earnings per share 1.20 USD
Dividend per sharePayout ratio (below)USD per share
01.002.003.00
2016Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Dividend per share 2.22 USD · Payout ratio 87.2%
2017Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Dividend per share 2.30 USD · Payout ratio 273.8%
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Dividend per share 2.38 USD · Payout ratio 109.7%
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Dividend per share 2.46 USD · Payout ratio 54.7%
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Dividend per share 2.54 USD · Payout ratio 86.7%
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Dividend per share 2.62 USD · Payout ratio 117.0%
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Dividend per share 2.70 USD · Payout ratio 82.8%
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Dividend per share 2.78 USD · Payout ratio 76.8%
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Dividend per share 2.86 USD · Payout ratio 71.7%
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Dividend per share 2.94 USD · Payout ratio 75.0%
Ratio
87%274%110%55%87%117%83%77%72%75%
Dividend per sharePayout ratio (below)USD per share
00.200.400.600.80
Q2/23Quarter Q2/23 (Apr 1, 2023 – Jun 30, 2023): Dividend per share 0.70 USD · Payout ratio 92.1%
Q3/23Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Dividend per share 0.70 USD · Payout ratio 54.3%
Q4/23Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Dividend per share not available · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/24Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Dividend per share 0.70 USD · Payout ratio 68.0%
Q2/24Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Dividend per share 0.72 USD · Payout ratio 66.1%
Q3/24Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Dividend per share 0.72 USD · Payout ratio 51.8%
Q4/24Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Dividend per share not available · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/25Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Dividend per share 0.72 USD · Payout ratio 59.5%
Q2/25Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Dividend per share 0.74 USD · Payout ratio 93.7%
Q3/25Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Dividend per share 0.74 USD · Payout ratio 48.1%
Q4/25Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Dividend per share not available · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/26Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Dividend per share 0.74 USD · Payout ratio 61.7%
Ratio
92%54%68%66%52%60%94%48%62%
Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 29.6B USD · Net income 4.3B USD · Net margin 14.7%
Key figures with traffic lights
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 31 symbols in the Utilities sector on our list (current members of the S&P 500 and other lists).
Revenue growth
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth
Light green: above sector
+7.7%per year, last 5 years
Sector Utilities: median +6.5% (31 symbols)
What does this mean? Revenue: over 5 years it grew by 7.7% per year on average – at least as fast as the median company in the sector (+6.5%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net income (total)
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth
Light yellow: below sector
+6.9%per year, last 5 years
Sector Utilities: median +7.2% (27 symbols)
per share: +6.0% per year (5 years, split-adjusted)
What does this mean? Total net income: over 5 years it grew by 6.9% per year on average, but more slowly than the median company in the sector (+7.2%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
What does this mean? Of every 100 USD in revenue, 14.69 USD remained as profit – at least as much as the median company in the sector (13.7%). Five years ago the margin was 15.2%.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
Debt / equity
Debt-to-equity ratioFinancial debt (loans, bonds) divided by equity. A high value amplifies good and bad years alike. The key figures bar in the chart only uses long-term financial debt.Example: Financial debt €300m, equity €500m → 0.6.More in the Academy: Lesson debt, dividends and growth
Light gray: not available
–latest balance sheet
Sector Utilities: median 1.58 (24 symbols)
What does this mean? No usable figure: reported financial debt or positive equity for the same balance sheet date is missing.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
Payout ratio
Payout ratioThe share of profit that a company pays out as a dividend. Above 100% it pays out more than it earns.Example: Dividend €1, earnings per share €2.50 → payout ratio 40%.More in the Academy: Lesson debt, dividends and growth
Light yellow: high
75%Dividend / earnings per share
Sector Utilities: median 62% (29 symbols)
What does this mean? Of every 1 USD of earnings per share, 0.75 USD went to shareholders as a dividend. Little buffer remains for weaker years. Median company in the sector: 62%.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
Profitable years
Profitable yearsHow many of the last fiscal years ended with a profit rather than a loss on the bottom line. The figure shows how consistently a company earns.Example: Profit in 9 of 10 years → one loss year.More in the Academy: Lesson revenue, profit and margin
Light green: profit every year
10 of 10fiscal years with a profit
What does this mean? In 10 of the last 10 fiscal years the bottom line showed a profit. There were no losses in this period.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
Last fiscal year and 13F
Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
29.6B USD
Revenue vs. prior year
+10.6%
Net income (FY)
4.3B USD
Net income vs. prior year
−1.4%
EPS (FY)
3.92 USD
13F funds with a position
0 of 9
Funds vs. prior quarter
±0
Shares held vs. prior quarter
–
Fiscal year to Dec 31, 2025 · 10-K filed Feb 19, 2026 · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term).13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
Year
End
Revenue
Net income
Margin
Earnings per share
Dividend per share
Payout
2025
Dec 31, 2025
29.6B
4.3B
14.7%
3.92
2.94
75%
2024
Dec 31, 2024
26.7B
4.4B
16.5%
3.99
2.86
72%
2023
Dec 31, 2023
25.3B
4.0B
15.7%
3.62
2.78
77%
2022
Dec 31, 2022
29.3B
3.4B
11.7%
3.26
2.70
83%
2021
Dec 31, 2021
23.1B
2.3B
10.0%
2.24
2.62
117%
2020
Dec 31, 2020
20.4B
3.1B
15.2%
2.93
2.54
87%
2019
Dec 31, 2019
21.4B
4.7B
22.1%
4.50
2.46
55%
2018
Dec 31, 2018
23.5B
2.3B
9.8%
2.17
2.38
110%
2017
Dec 31, 2017
23.0B
926.0M
4.0%
0.84
2.30
274%
2016
Dec 31, 2016
19.9B
2.5B
12.7%
2.55
2.22
87%
Quarters (amounts in USD, per share in USD)
Quarter
End
Revenue
Net income
Margin
Earnings per share
Dividend per share
Payout
Q1/26
Mar 31, 2026
8.4B
1.4B
16.1%
1.20
0.74
62%
Q4/25*
Dec 31, 2025
7.0B
416.0M
6.0%
–
–
–
Q3/25
Sep 30, 2025
7.8B
1.7B
21.9%
1.54
0.74
48%
Q2/25
Jun 30, 2025
7.0B
880.0M
12.6%
0.79
0.74
94%
Q1/25
Mar 31, 2025
7.8B
1.3B
17.2%
1.21
0.72
60%
Q4/24*
Dec 31, 2024
6.3B
534.0M
8.4%
–
–
–
Q3/24
Sep 30, 2024
7.3B
1.5B
21.1%
1.39
0.72
52%
Q2/24
Jun 30, 2024
6.5B
1.2B
18.6%
1.09
0.72
66%
Q1/24
Mar 31, 2024
6.6B
1.1B
16.1%
1.03
0.70
68%
Q4/23*
Dec 31, 2023
6.0B
–
–
–
–
–
Q3/23
Sep 30, 2023
7.0B
1.4B
20.5%
1.29
0.70
54%
Q2/23
Jun 30, 2023
5.7B
823.0M
14.3%
0.76
0.70
92%
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.
Insiders
Insider transactionsExecutives, directors and major shareholders (over 10%) of US companies report their own transactions in their company’s stock to the SEC within two business days (Form 4). Purchases in the market count as more meaningful than sales (often taxes, estate planning).Example: Three executives acquire stock worth a total of 2 million USD within two weeks → “purchases by several insiders”.More in the Academy: Glossary
Sep 1, 2026Kim Matthew M.OfficerOpen-market sale · 10b5-1 plan100 shares · $8.8K · SEC
Aug 6, 2026Spainhour Sterling A Jr.OfficerOpen-market sale · 10b5-1 plan3,333 shares · $313.4K · SEC
Aug 3, 2026Kim Matthew M.OfficerOpen-market sale · 10b5-1 plan100 shares · $9.4K · SEC
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
Trend score +0
Price vs. EMA 50+15
Price vs. EMA 200+15
EMA 50 vs. EMA 200-20
ADX (trend strength)+15
Highs and lows-10
Relative strength-15
Volatility and trend strength
ADX 14 (trend strength)37.8
Rel. strength 60 d−1.3%
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.