Southern Company
Research Southern Company (SO) on Bullrun: valuation model: fairly valued, market cap USD 103.50B, P/E 21.7, dividend yield 3.4%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerSO
- ExchangeNYSE
- CountryUnited States
- SectorUtilities
- IndustryUtilities-Regulated Electric
- CurrencyUSD
- Valuation signalfairly valued
- Market capUSD 103.50B
- P/E21.7
- Dividend yield3.4%
- 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 fairly valued; latest market cap is USD 103.50B; P/E is 21.7; dividend yield is 3.4%.
Peer valuation comparison
Latest P/E is 21.71x versus a Utilities sector median of 17.14x (26.7% above).
Latest dividend yield is 3.37% versus a Utilities sector median of 3.61% (6.6% 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 | n/a | 3.62 | USD 748.00M | USD 2.31B | USD 31.44B |
| FY2022 | USD 29.28B | USD 3.43B | -USD 1.62B | n/a | 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 | 2026-08-25 | USD 103.50B | 21.7 | 3.3% | 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 3.4%.
| 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;
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Frequently asked questions
Is Southern Company overvalued or undervalued?
Bullrun's valuation model currently marks Southern Company as fairly valued.
What is Southern Company's market cap?
Southern Company's market capitalization is USD 103.50B.
What is Southern Company's P/E ratio?
Southern Company's price-to-earnings (P/E) ratio is 21.7.
Does Southern Company pay a dividend?
Southern Company has a dividend yield of 3.4%.
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.