Is Southern Company (SO) overvalued or fairly valued?

MarketChacha shows Southern Company's valuation in context — a trailing P/E of about 18.7, a forward P/E of about 18.0, a price-to-book of about 2.6 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Southern Company's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (2.13×) from reported figures — education, not a rating.

What is Southern Company's revenue?

Southern Company reported revenue of $29.6B for FY2025, with net profit of $4.3B, per official filings.

What is the share price of Southern Company (SO)?

Southern Company last traded at $88.77 (+0.5% on the day), as of 9/3/2026 — a delayed quote shown for education, not investment advice.

Southern Company

SO · NYSE · Utilities · United States

Snapshot

TickerSO

ExchangeNYSE

SectorUtilities

IndustryUtilities - Regulated Electric

CountryUnited States

Employees29,502

HeadquartersAtlanta, United States

Websitewww.southerncompany.com

Filings tracked22

About Southern Company

The Southern Company, through its subsidiaries, engages in the sale of electricity. The company offers electric service to retail customers and wholesale customers; and energy-related products and services to natural gas choice markets. It also develops, constructs, acquires, owns, operates, and manages power generation assets, as well as battery energy storage projects; sells electricity at market-based rates in the wholesale market; and deploys microgrids for commercial, industrial, governmental, and utility customers. In addition, the company is involved in the distribution of natural gas in Illinois, Georgia, Virginia, and Tennessee; distributes energy and resilience solutions; and invests in telecommunications. The Southern Company was incorporated in 1945 and is headquartered in Atlanta, Georgia.

Who owns it

Insiders0.1%
Institutions74.2%
Public & other25.7%

2,859 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.8.08%
Vanguard Capital Management LLC6.40%
State Street Corporation5.63%
Capital World Investors5.43%
Price (T.Rowe) Associates Inc4.03%
JPMORGAN CHASE & CO2.85%
Geode Capital Management, LLC2.55%
Vanguard Portfolio Management LLC2.35%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion2.13×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend15.7% → 14.7%

Margin has held broadly steady over the period — stable profitability.

Growth qualityrev 8% · PAT 4%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $7.1B · EPS 0.50

Est. earnings growth -8.3%

Next fiscal year

Rev $32.7B · EPS 4.92

Est. earnings growth +7.3%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$29.6B

Net margin

14.7%

ROE

12.1%

Revenue CAGR (2y)

+8.2%

Profit CAGR (2y)

+4.5%

EPS (FY2025)

3.92

Net profit (FY2025)

$4.3B

Ask MarketChacha about SO

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$29.6B	$4.3B	3.92	14.7%	12.1%
FY2024	$26.7B	$4.4B	3.99	16.5%	13.3%
FY2023	$25.3B	$4.0B	3.62	15.7%	12.6%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q1	$8.4B	$1.4B	1.20	16.1%
2025Q3	$7.8B	$1.7B	1.54	21.9%
2025Q2	$7.0B	$880.0M	0.79	12.6%
2025Q1	$7.8B	$1.3B	1.21	17.2%
2024Q3	$7.3B	$1.5B	1.39	21.1%
2024Q2	$6.5B	$1.2B	1.09	18.6%
2024Q1	$6.6B	$1.1B	1.03	16.1%
2023Q3	$7.0B	$1.4B	1.29	20.5%
2023Q2	$5.7B	$823.0M	0.76	14.3%
2023Q1	$6.5B	$799.0M	0.79	12.3%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Material financial obligation, Unregistered equity sale, Exhibits
SEC8/6/2026material
8-K — Other events, Exhibits
SEC8/4/2026material
8-K — Other events, Exhibits
SEC8/3/2026material
10-Q filing
SEC7/30/2026
8-K — Results of operations
SEC7/30/2026material
8-K — Other events, Exhibits
SEC6/8/2026material
8-K — Shareholder vote results, Exhibits
SEC5/15/2026material
10-Q filing
SEC4/30/2026
8-K — Results of operations
SEC4/30/2026material
8-K — Other events, Exhibits
SEC3/19/2026material
8-K — Material agreement, Material financial obligation, Exhibits
SEC2/25/2026material
10-K filing
SEC2/19/2026
8-K — Results of operations
SEC2/19/2026material
8-K/A — Executive/director change
SEC2/17/2026

2025

8-K — Other events
SEC12/19/2025material
8-K — Other events
SEC12/10/2025material
8-K — Other events, Exhibits
SEC11/6/2025material
10-Q filing
SEC10/30/2025
8-K — Results of operations
SEC10/30/2025material
8-K — Reg FD disclosure, Exhibits
SEC9/15/2025material
10-Q filing
SEC7/31/2025
8-K — Results of operations
SEC7/31/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.