# SOUTHERN CO (SO) · Edgar & Edgarette company card

> Southern (SO) grew revenue 10.4% in FY2025 to $29.6 billion, operating margin 24.7% against a 20.3% median for electric services, equity 23.1% of assets, and dividend per share up 18 years running. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 92122 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/SO) · [JSON](https://www.pops4.com/boards/company/SO.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $29.6B |
| Revenue growth, 1 year | 10.4% |
| Revenue growth per year | 5.9% |
| Operating margin | 24.7% (prior year 26.4%) |
| Net margin | 14.7% |
| Operating cash flow | $9.8B |
| Capital spending | $12.7B |
| Free cash flow | −$2.9B |
| Cash | $1.6B |
| Long-term debt | $71.9B |
| Total assets | $155.7B |
| Total equity | $36.0B |
| Equity ÷ assets | 23.1% |
| Return on equity | 12.1% |
| Dividend per share | $2.94 |
| Dividend years rising | 18 |

## Readings, computed from those figures

- Piotroski F: 4 of 9 (middling)
- Health Harbor boat: Sound ship · one warning sign · slow and jumpy: growing slower than its size class, with revenue that swings more
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

Exposure: revenue $29.6B (FY2025), total debt $71.9B. Experience: revenue up 10.4% on the year, up 5.9% a year over 4 years; operating margin 24.7%, down from 26.4%. Soundness: equity 23.1% of assets, return on equity 12.1%, payout 69.5% of profit, dividend per share up 18 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $25.5B and $35.2B next year (method v4.1: its own 4-year record of growth weighed at 50% against $10B+ filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $22.2B to $40.1B. A statistical range, not company guidance. Against peers (40 filers, $50M+ revenue, electric services): operating margin 24.7% against a 20.3% median; growth 10.4% against 9.4%.

Range logged 2026-09-26, receipt afdcd7e49e16f571, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

No warning filings in the window.

## Recent filings

- 8-K · filed 2026-11-05 · 2.02 Results of Operations and Financial Condition · [filing](https://www.sec.gov/Archives/edgar/data/92122/000009212226000071/0000092122-26-000071-index.htm)
- 10-Q · filed 2026-11-05 · [filing](https://www.sec.gov/Archives/edgar/data/92122/000009212226000069/0000092122-26-000069-index.htm)
- 8-K · filed 2026-10-22 · 5.03 Amendments to Articles or Bylaws; Change in Fiscal Year; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/92122/000009212226000065/0000092122-26-000065-index.htm)
- 8-K · filed 2026-08-06 · 2.03 Creation of a Direct Financial Obligation; 3.02 Unregistered Sales of Equity Securities; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/92122/000009212226000063/0000092122-26-000063-index.htm)
- 8-K · filed 2026-08-04 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/92122/000009212226000060/0000092122-26-000060-index.htm)
- 8-K · filed 2026-08-03 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/92122/000009212226000058/0000092122-26-000058-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000092122.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=92122

## Cite

POPS4, Edgar & Edgarette: SOUTHERN CO (SO) company card, from the company's own SEC filings, accessed 2026-11-10, https://www.pops4.com/boards/company/SO. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.