Southern Company
Research Southern Company (SO) on Bullrun: valuation model: 3.6% undervalued, market cap USD 99.13B, P/E 20.8, dividend yield 3.5%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerSO
- ExchangeNYSE
- CountryUnited States
- SectorUtilities
- IndustryUtilities-Regulated Electric
- CurrencyUSD
- Valuation signal3.6% undervalued
- Market capUSD 99.13B
- P/E20.8
- Dividend yield3.5%
- Financial periodQ2 2026
- RevenueUSD 6.98B
- Net incomeUSD 1.17B
- Free cash flow-USD 641.00M
- Gross margin51.3%
Valuation Snapshot
Bullrun's latest valuation model marks Southern Company as 3.6% undervalued; latest market cap is USD 99.13B; P/E is 20.8; dividend yield is 3.5%.
Peer valuation comparison
Latest P/E is 20.79x versus a Utilities sector median of 17.4x (19.5% above).
Latest dividend yield is 3.45% versus a Utilities sector median of 3.57% (3.2% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 29.55B | USD 4.34B | -USD 2.94B | 48.5% | 3.92 | USD 1.64B | USD 722.00M | USD 36.02B |
| FY2024 | USD 26.72B | USD 4.40B | USD 833.00M | 50.0% | 3.99 | USD 1.07B | USD 1.34B | USD 33.21B |
| FY2023 | USD 25.25B | USD 3.98B | -USD 1.54B | 46.6% | 3.62 | USD 748.00M | USD 2.31B | USD 31.44B |
| FY2022 | USD 29.28B | USD 3.43B | -USD 1.62B | 36.3% | 3.26 | USD 1.92B | USD 2.61B | USD 30.41B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 99.13B | 20.8 | 3.5% | 3 |
| 2025 | 2025-12-31 | USD 97.60B | 22.3 | 3.4% | 2.94 |
| 2024 | 2024-12-31 | USD 90.47B | 20.6 | 3.5% | 2.86 |
| 2023 | 2023-12-29 | USD 76.47B | 25.4 | 4.0% | 2.78 |
| 2022 | 2022-12-30 | USD 77.74B | 22.6 | 3.8% | 2.7 |
| 2021 | 2021-12-31 | USD 72.69B | 30.5 | 3.8% | 2.62 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 3 USD, yield 3.5%.
| Year | Dividends/share |
|---|---|
| FY2025 | 2.94 USD |
| FY2024 | 2.86 USD |
| FY2023 | 2.78 USD |
| FY2022 | 2.7 USD |
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;
ETFs that hold Southern Company
Southern Company is one of the ten largest holdings of 21 ETFs that investors in Europe can buy. The 8 most traded of them:
Compare every fund on the same index:
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Frequently asked questions
Is Southern Company overvalued or undervalued?
Bullrun's valuation model currently marks Southern Company as 3.6% undervalued.
What is Southern Company's market cap?
Southern Company's market capitalization is USD 99.13B.
What is Southern Company's P/E ratio?
Southern Company's price-to-earnings (P/E) ratio is 20.8.
Does Southern Company pay a dividend?
Southern Company has a dividend yield of 3.5%.
What does Southern Company do?
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.