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Southern Company (The) Series 2(SOJE)Earnings, Financials & Key Ratios
SOJE•NYSE•Utilities
$16.99
4.3× P/E·Price updated Jul 7, 2026
AboutThe Southern Co is a holding company, which engages in the generation and sale of electricity. It operates through the following segments: Traditional Electric Operating Companies, Southern Power, and Southern Company Gas. The Traditional Electric Operating Companies segment refers to vertically integrated utilities that own generation, transmission and distribution facilities, and supplies electric services in the states of Alabama, Georgia, Florida, and Mississippi. The Southern Power segment constructs, acquires, owns, and manages generation assets such as renewable energy projects and sells electricity in the wholesale market. The Southern Company Gas segment distributes natural gas through natural gas distribution facilities in the states of Illinois, Georgia, Virginia, New Jersey, Florida, Tennessee, and Maryland. The company was founded on November 9, 1945, and is headquartered in Atlanta, GA.Show more
- Revenue$29.55B+10.6%
- EBITDA$13.3B+7.8%
- Net Income$4.34B-1.4%
- Free Cash Flow-$2.94B-452.3%
- EBITDA Margin45.01%-2.5%
- Net Margin14.69%-10.8%
- ROE11.49%-6.1%
- Interest Coverage2.51-13.5%
- Debt/Equity1.69-6.3%
SOJE Price & Volume
Southern Company (The) Series 2 (SOJE) stock price & volume — 10-year historical chart
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Regulated Infrastructure Growth Offsets Capital Intensity Risks
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Expanding
Profitability:Stable
Financial:Adequate
Cash Flow:Mixed
Primary Risk:Operational concentration in nuclear
Key Thesis Takeaways
- Southern Company is transitioning from a period of intense nuclear construction to a phase of sustained rate base expansion, evidenced by an 8.0% revenue growth rate in 2026Q1.
- While the utility benefits from robust demand in its Southeastern service territories, investors should monitor the elevated debt-to-equity ratio of 1.90 and the persistent reliance on external capital to fund infrastructure.
- The long-term outlook remains tied to the company's ability to convert its $118.2 billion net PPE base into consistent free cash flow while managing the operational concentration risks inherent in its nuclear generation fleet.
Verdict Logic
while the forward P/E of 3.70 suggests potential value, the current ratio of 0.65 and the $1.7 billion free cash flow deficit in 2026Q1 warrant caution regarding near-term liquidity and dividend sustainability.
SOJE Growth Metrics
Southern Company (The) Series 2 (SOJE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years5.39%
5 Years7.72%
3 Years0.31%
TTM8.33%
Profit CAGR
10 Years6.01%
5 Years6.73%
3 Years7.09%
TTM-5.28%
EPS CAGR
10 Years4.19%
5 Years5.85%
3 Years6.34%
TTM-6.24%
Return on Capital
10 Years4.74%
5 Years4.71%
3 Years5.24%
Last Year5.43%
SOJE Recent Earnings
Southern Company (The) Series 2 (SOJE) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (64%)●Beat Revenue 8/12 qtrs (73%)
Q1 2026Latest
Feb 19, 2026Metric
Actual
Est
EPS
$0.55-1.4%
$0.56
Rev
$7.0B+14.5%
$6.1B
Q4 2025
Oct 29, 2025Metric
Actual
Est
EPS
$1.54+2.0%
$1.51
Rev
$7.8B+2.7%
$7.6B
Q3 2025
Jul 30, 2025Metric
Actual
Est
EPS
$0.79-9.3%
$0.88
Rev
$7.0B+9.6%
$6.4B
Q2 2025
Apr 30, 2025Metric
Actual
Est
EPS
$1.21+0.8%
$1.20
Rev
$7.8B+8.7%
$7.2B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 19, 2026 | $0.55vs $0.56-1.4% | $7.0Bvs $6.1B+14.5% |
| Q4 2025 | Oct 29, 2025 | $1.54vs $1.51+2.0% | $7.8Bvs $7.6B+2.7% |
| Q3 2025 | Jul 30, 2025 | $0.79vs $0.88-9.3% | $7.0Bvs $6.4B+9.6% |
| Q2 2025 | Apr 30, 2025 | $1.21vs $1.20+0.8% | $7.8Bvs $7.2B+8.7% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Southern Company (The) Series 2 (SOJE)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $16.99 | $19.02B | 4.33 | 10.59% | 14.69% | 11.49% | 16% | |
| $88.47 | $184.49B | 26.89 | 11% | 29.3% | 12.66% | — | |
| $128.22 | $99.96B | 20.32 | 6.19% | 15.44% | 9.6% | — | |
| $69.84 | $61.39B | 20.24 | 14.16% | 13.48% | 7.08% | — | |
| $137.53 | $74.83B | 20.65 | 9.37% | 16.49% | 11.45% | — | |
| $47.57 | $48.67B | 17.36 | 5.34% | 11.21% | 9.76% | — |
Compare SOJE vs Peers
Southern Company (The) Series 2 (SOJE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SOJE SEC Filings & Documents
Southern Company (The) Series 2 (SOJE) SEC filings — annual & quarterly reports (10-K, 10-Q)
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SOJE Frequently Asked Questions
Southern Company (The) Series 2 (SOJE) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Southern Company (The) Series 2's revenue?
Southern Company (The) Series 2 (SOJE) reported $30.17B in revenue for fiscal year 2025. This represents a 191% increase from $10.36B in 1996.
How fast is Southern Company (The) Series 2 growing?
Southern Company (The) Series 2 (SOJE) grew revenue by 10.6% over the past year. This is steady growth.
Is SOJE profitable?
Yes, Southern Company (The) Series 2 (SOJE) is profitable, generating $4.36B in net income for fiscal year 2025 (14.7% net margin).
Dividend & Returns
Does SOJE pay dividends?
Yes, Southern Company (The) Series 2 (SOJE) pays a dividend with a yield of 16.00%. This makes it attractive for income-focused investors.
What is SOJE's return on equity?
Southern Company (The) Series 2 (SOJE) has a return on equity (ROE) of 11.5%. This is reasonable for most industries.
What is Southern Company (The) Series 2's free cash flow?
Southern Company (The) Series 2 (SOJE) had negative free cash flow of $3.78B in fiscal year 2025, likely due to heavy capital investments.
Industry Metrics
Is SOJE's dividend sustainable?
Southern Company (The) Series 2 (SOJE) has a dividend payout ratio of 69%. This suggests the dividend is well-covered and sustainable.