Southern Co. income statement & cash flow
In the fiscal year ended Dec 31, 2025, Southern Co. reported net income of $4.34B on revenue of $29.55B. Operating cash flow was $9.80B and capital expenditures were $12.74B, leaving −$2.94B of free cash flow (operating cash flow minus capital expenditures).
Income statement and cash flow summary
| Fiscal year ended | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $19.90B | $23.03B | $23.50B | $21.42B | $20.38B | $23.11B | $29.28B | $25.25B | $26.72B | $29.55B |
| Operating income | $4.49B | $2.33B | $4.19B | $7.74B | $4.88B | $3.70B | $5.37B | $5.83B | $7.07B | $7.29B |
| Net income | $2.53B | $926.00M | $2.30B | $4.74B | $3.10B | $2.31B | $3.43B | $3.98B | $4.40B | $4.34B |
| Diluted EPS | $2.55 | $0.84 | $2.17 | $4.50 | $2.93 | $2.24 | $3.26 | $3.62 | $3.99 | $3.92 |
| Operating cash flow | $4.89B | $6.39B | $6.95B | $5.78B | $6.70B | $6.17B | $6.30B | $7.55B | $9.79B | $9.80B |
| Capital expenditures | $7.31B | $7.42B | $8.00B | $7.55B | $7.52B | $7.59B | $7.92B | $9.10B | $8.96B | $12.74B |
| Reported in | 10-K 2019 | 10-K 2020 | 10-K 2021 | 10-K 2022 | 10-K 2023 | 10-K 2024 | 10-K 2025 | 10-K 2026 | 10-K 2026 | 10-K 2026 |
Margins
Each figure divided by revenue for the same fiscal year.
| Fiscal year ended | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| Dec 2025 | — | 24.7% | 14.7% |
| Dec 2024 | — | 26.4% | 16.5% |
| Dec 2023 | — | 23.1% | 15.7% |
| Dec 2022 | — | 18.3% | 11.7% |
| Dec 2021 | — | 16.0% | 10.0% |
Source: SEC EDGAR XBRL company facts for CIK 92122 (raw data). Most recent filing in this dataset: 10-Q filed Apr 30, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.