The Southern Company (SOMN) Key Metrics
SOMN key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsSOMN returns How much profit the business earns on the capital it uses.
SOMN per-share figures Results divided by the shares outstanding at year-end.
SOMN financial health Debt, liquidity and how easily interest is covered.
SOMN efficiency & capital use Working capital cycle and where the cash goes.
SOMN valuation history
SOMN returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
SOMN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
SOMN cash returned to shareholders
SOMN price vs earnings per share
SOMN key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $55.85B | — | — | — | — | — | — | — | — | — |
| Enterprise value | $128.29B | — | — | — | — | — | — | — | — | — |
| P/E ratio | 12.9 | — | — | — | — | — | — | — | — | — |
| Price / sales | 1.9 | — | — | — | — | — | — | — | — | — |
| Price / book | 1.6 | — | — | — | — | — | — | — | — | — |
| Price / operating cash flow | 5.7 | — | — | — | — | — | — | — | — | — |
| EV / sales | 4.3 | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | 8.9 | — | — | — | — | — | — | — | — | — |
| Earnings yield | 7.8% | — | — | — | — | — | — | — | — | — |
| Free cash flow yield | −5.3% | — | — | — | — | — | — | — | — | — |
| Dividend yield | 5.4% | — | — | — | — | — | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 5.4% | — | — | — | — | — | — | — | — | — |
| Share price at fiscal year-end | $50.36 | — | — | — | — | — | — | — | — | — |
| Per share | ||||||||||
| Revenue per share | $26.65 | $24.23 | $23.00 | $27.09 | $21.78 | $19.26 | $20.34 | $22.73 | $22.86 | $20.09 |
| Earnings per share | $3.91 | $3.99 | $3.62 | $3.27 | $2.27 | $2.96 | $4.51 | $2.17 | $0.87 | $2.52 |
| Operating cash flow per share | $8.84 | $8.87 | $6.88 | $5.83 | $5.81 | $6.33 | $5.49 | $6.72 | $6.35 | $4.94 |
| Free cash flow per share | −$2.65 | $0.76 | −$1.40 | −$1.50 | −$1.01 | −$0.70 | −$1.68 | −$1.02 | −$1.02 | −$2.44 |
| Cash per share | $1.48 | $0.97 | $0.68 | $1.77 | $1.69 | $1.01 | $1.88 | $1.35 | $2.11 | $1.99 |
| Book value per share | $32.48 | $30.11 | $28.64 | $28.13 | $26.55 | $26.71 | $26.40 | $24.20 | $24.31 | $25.74 |
| Tangible book value per share | $27.55 | $25.13 | $23.60 | $22.98 | $21.15 | $21.26 | $20.87 | $18.46 | $17.22 | $18.44 |
| Dividends per share | $2.72 | $2.68 | $2.76 | $2.69 | $2.62 | $2.54 | $2.44 | $2.35 | $2.28 | $2.12 |
| Capex per share | $11.49 | $8.12 | $8.28 | $7.33 | $6.82 | $7.03 | $7.17 | $7.74 | $7.37 | $7.38 |
| Debt per share | $66.79 | $60.09 | $57.82 | $54.70 | $52.28 | $48.24 | $46.24 | $45.32 | $50.41 | $47.93 |
| Shares outstanding | 1.11B | 1.10B | 1.10B | 1.08B | 1.06B | 1.06B | 1.05B | 1.03B | 1.01B | 990.2M |
| Change in shares outstanding | +0.5% | +0.5% | +1.6% | +1.9% | +0.3% | +0.5% | +1.9% | +2.6% | +1.8% | +8.6% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 12.5% | 13.6% | 12.9% | 12.1% | 8.5% | 11.2% | 18.0% | 9.1% | 3.5% | 10.7% |
| Return on invested capital (ROIC) | 5.9% | 6.0% | 5.7% | 5.1% | 4.1% | 5.7% | 7.7% | 4.9% | 2.8% | 5.5% |
| Return on assets (ROA) | 2.9% | 3.1% | 2.9% | 2.7% | 1.9% | 2.6% | 4.0% | 2.0% | 0.8% | 2.7% |
| Return on tangible assets | 2.9% | 3.2% | 3.0% | 2.7% | 2.0% | 2.7% | 4.2% | 2.0% | 0.8% | 2.4% |
| Free cash flow margin | −9.9% | 3.1% | −6.1% | −5.5% | −4.6% | −3.7% | −8.3% | −4.5% | −4.5% | −12.1% |
| Income quality (OCF / net income) | 2.26 | 2.22 | 1.90 | 1.78 | 2.56 | 2.14 | 1.22 | 3.10 | 7.27 | 1.96 |
| Financial health | ||||||||||
| Total debt | $74.08B | $66.28B | $63.49B | $59.13B | $55.47B | $51.04B | $48.69B | $46.85B | $50.79B | $47.46B |
| Cash & short-term investments | $1.64B | $1.07B | $748.0M | $1.92B | $1.80B | $1.06B | $1.98B | $1.40B | $2.13B | $1.98B |
| Net debt | $72.44B | $65.21B | $62.74B | $57.22B | $53.67B | $49.98B | $46.71B | $45.45B | $48.66B | $45.48B |
| Debt / equity | 2.06 | 2.00 | 2.02 | 1.94 | 1.97 | 1.81 | 1.75 | 1.87 | 2.07 | 1.86 |
| Debt / assets | 0.48 | 0.46 | 0.46 | 0.44 | 0.43 | 0.42 | 0.41 | 0.40 | 0.46 | 0.43 |
| Net debt / EBITDA | 5.05 | 4.93 | 5.33 | 5.55 | 6.40 | 5.42 | 4.02 | 5.58 | 7.82 | 5.89 |
| Current ratio | 0.65 | 0.67 | 0.77 | 0.66 | 0.82 | 0.71 | 0.78 | 0.67 | 0.74 | 0.75 |
| Quick ratio | 0.45 | 0.46 | 0.53 | 0.49 | 0.61 | 0.51 | 0.59 | 0.50 | 0.55 | 0.54 |
| Interest coverage | 2.2 | 2.6 | 2.4 | 2.7 | 2.0 | 2.7 | 4.5 | 2.3 | 1.4 | 3.4 |
| Working capital | −$5.97B | −$5.30B | −$3.04B | −$5.31B | −$1.96B | −$3.46B | −$2.73B | −$4.70B | −$3.52B | −$3.19B |
| Invested capital | $108.45B | $98.42B | $94.19B | $87.63B | $81.84B | $78.24B | $74.51B | $70.47B | $73.15B | $70.97B |
| Tangible asset value | $33.41B | $31.18B | $29.70B | $28.96B | $26.84B | $26.76B | $26.23B | $23.40B | $18.71B | $19.51B |
| Net current asset value | −$105.94B | −$97.81B | −$93.67B | −$89.94B | −$86.00B | −$81.79B | −$76.83B | −$78.00B | −$75.08B | −$73.25B |
| Graham number | $53.48 | $51.99 | $48.30 | $45.49 | $36.82 | $42.20 | $51.78 | $34.36 | $21.85 | $38.18 |
| Graham net-net per share | −$99.64 | −$92.96 | −$89.90 | −$87.25 | −$84.61 | −$80.91 | −$76.85 | −$79.27 | −$78.08 | −$77.52 |
| Capital allocation | ||||||||||
| Dividends paid | $3.02B | $2.95B | $3.04B | $2.91B | $2.78B | $2.69B | $2.57B | $2.42B | $2.30B | $2.10B |
| Share buybacks (net) | — | $0 | $0 | $298.0M | $0 | — | — | $33.0M | $658.0M | — |
| Dividend payout ratio | 69.5% | 67.1% | 76.3% | 82.2% | 115.3% | 85.7% | 54.1% | 108.2% | 261.4% | 84.4% |
| Dividends + buybacks / free cash flow | — | 354.6% | — | — | — | — | — | — | — | — |
| Capex / revenue | 43.1% | 33.5% | 36.0% | 27.1% | 31.3% | 36.5% | 35.3% | 34.1% | 32.2% | 36.7% |
| Capex / operating cash flow | 129.9% | 91.5% | 120.4% | 125.7% | 117.4% | 111.1% | 130.7% | 115.2% | 116.1% | 149.4% |
| Capex / depreciation | 2.11 | 1.70 | 1.82 | 1.95 | 1.82 | 1.91 | 2.27 | 2.25 | 2.15 | 2.50 |
| Stock-based compensation / revenue | 0.5% | 0.5% | 0.5% | 0.4% | 0.6% | 0.6% | 0.5% | 0.5% | 0.5% | 0.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 51.6 | 56.4 | 55.5 | 41.6 | 49.7 | 60.4 | 63.6 | 63.0 | 62.1 | 53.5 |
| Days of inventory on hand | 59.0 | 91.7 | 81.2 | 49.2 | 68.7 | 84.9 | 73.9 | 66.0 | 75.3 | 75.6 |
| Days payables outstanding | 65.2 | 90.0 | 86.5 | 55.7 | 70.6 | 93.4 | 92.6 | 85.6 | 82.1 | 75.9 |
| Cash conversion cycle (days) | 45.4 | 58.0 | 50.2 | 35.1 | 47.8 | 51.9 | 44.9 | 43.4 | 55.3 | 53.2 |
| Receivables turnover | 7.07 | 6.48 | 6.58 | 8.77 | 7.34 | 6.04 | 5.74 | 5.80 | 5.88 | 6.82 |
| Payables turnover | 5.60 | 4.06 | 4.22 | 6.55 | 5.17 | 3.91 | 3.94 | 4.26 | 4.45 | 4.81 |
| Inventory turnover | 6.19 | 3.98 | 4.49 | 7.41 | 5.31 | 4.30 | 4.94 | 5.53 | 4.85 | 4.83 |
| Asset turnover | 0.20 | 0.19 | 0.18 | 0.22 | 0.18 | 0.17 | 0.18 | 0.21 | 0.21 | 0.21 |
| Average receivables | $4.18B | $4.13B | $3.84B | $3.34B | $3.15B | $3.37B | $3.73B | $4.05B | $3.92B | $2.92B |
| Average payables | $3.71B | $3.30B | $3.21B | $2.85B | $2.49B | $2.68B | $3.00B | $3.26B | $2.95B | $2.37B |
| Average inventory | $3.35B | $3.36B | $3.01B | $2.52B | $2.42B | $2.44B | $2.39B | $2.51B | $2.70B | $2.36B |
| Intangibles / total assets | 3.5% | 3.8% | 4.0% | 4.1% | 4.5% | 4.7% | 4.9% | 5.1% | 6.4% | 6.6% |
Computed from SOMN's annual financial statements (latest annual report filed February 19, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
SOMN valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Southern traded at 12.9 times earnings. Southern earned a return on equity of 12.5% and a return on invested capital of 5.9% in fiscal 2025. It ended the year with $74.1 billion of debt and $1.6 billion in cash and short-term investments, net debt of $72.4 billion. It returned $3.0 billion to shareholders: $3.0 billion in dividends and $0 in share buybacks. The share count rose 12.0% from 990.2M to 1.11B over 9 years.
See the SOMN income statement, the SOMN chart for price history, or the SOMN stock overview for the latest quote and news.
SOMN key metrics FAQ
What is Southern's P/E ratio?
Southern traded at 12.9 times earnings at the end of fiscal 2025.
What is Southern's EV/EBITDA?
Southern's enterprise value was 8.9 times EBITDA at the end of fiscal 2025 (enterprise value $128.3 billion, EBITDA $14.3 billion).
What is Southern's return on equity?
Southern's return on equity (ROE) was 12.5% in fiscal 2025: net income of $4.3 billion on average shareholders' equity of $34.6 billion.
What is Southern's ROIC?
Southern's return on invested capital was 5.9% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Southern have?
Southern had total debt of $74.1 billion at the end of fiscal 2025, a debt-to-equity ratio of 2.06 and $72.4 billion of net debt (5.05 times EBITDA).
What is Southern's dividend yield?
Southern paid $3.0 billion in dividends in fiscal 2025 ($2.72 per share), a payout ratio of 69.5%.
What is Southern's free cash flow yield?
Southern generated -$2.9 billion of free cash flow in fiscal 2025, a free cash flow yield of −5.3% on its market value at year-end ($55.8 billion).
What is Southern's current ratio?
Southern's current ratio was 0.65 at the end of fiscal 2025: current assets were 0.65 times current liabilities.
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