Skip to main content
GoodMoatv1.3
Sign in
SO logo

SO

CompareEarnings: Aug 31, 2026

Southern Company

Exchange: NYSESector: UtilitiesIndustry: Utilities - Regulated Electric

Southern Company is a leading energy provider serving 9 million customers across the Southeast and beyond through its family of companies. The company has electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company, a leading distributed energy solutions provider with national capabilities, a fiber optics network and telecommunications services. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and are the key to our sustained success, driven by our nearly 30,000 employees dedicated to delivering exceptional service.

Did you know?

A large-cap company with a $107.5B market cap.

Current Price

$95.99

-0.74%

GoodMoat Value

$64.51

32.8% overvalued
Profile
Valuation (TTM)
Market Cap$107.45B
P/E24.63
EV$175.66B
P/B2.76
Shares Out1.12B
P/Sales3.56
Revenue$30.17B
EV/EBITDA12.46

Southern Company (SO) Company Profile

GoodMoat Analysis

Based on data as of March 26, 2026

Southern Company is a regulated electric utility serving the Southeastern U.S., protected by a government-granted monopoly in its territories. However, its high debt, negative free cash flow, and valuation above the GoodMoat target signal significant caution for a value investor.

Read full analysis
Southern Company is a regulated electric utility that generates, transmits, and distributes electricity to approximately 9 million customers across the Southeastern United States. Its customers are primarily residential, commercial, and industrial users within its designated service territories. Its primary competitive advantage, or moat, stems from regulatory barriers. As a regulated utility, it operates as a government-sanctioned monopoly in its regions, with rates and returns set by public commissions. This aligns with Section 1, Moat Criterion 5 (Regulatory Barriers), giving it a durable, though not impenetrable, advantage. It may also exhibit some scale privilege in its infrastructure. Key risks are prominent. The company carries a high debt load, with a Debt/Equity ratio of 2.06, and is generating negative free cash flow with a -2.5% FCF Yield. This combination raises High Confidence Red Flags for Cash Burn & Dilution and potentially for Balance Sheet strength. Furthermore, the current stock price of $94.61 is significantly above the GoodMoat Target of $64.51, suggesting the valuation is unfavourable. A value investor might be interested in the stable, regulated business model and dividend, but would be cautious due to the leveraged financial position, lack of current free cash flow generation, and premium valuation relative to the framework's assessment of intrinsic value. Analysis based on data as of 2024-05-15.

SO Company Information

Southern Company is a leading energy provider serving 9 million customers across the Southeast and beyond through its family of companies.

The company has electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company, a leading distributed energy solutions provider with national capabilities, a fiber optics network and telecommunications services.

Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and are the key to our sustained success, driven by our nearly 30,000 employees dedicated to delivering exceptional service.

Sector

Utilities

Industry

Utilities - Regulated Electric

Exchange

NYSE

Country

Georgia, USA

SO Key Officers

Key officers data coming soon

SO Company Profile

Southern Company (SO) is a Utilities company in the Utilities - Regulated Electric industry. It trades on NYSE. The company is based in Georgia, USA.

Southern Company is a leading energy provider serving 9 million customers across the Southeast and beyond through its family of companies. The company has electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company, a leading distributed energy solutions provider with national capabilities, a fiber optics network and telecommunications services. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and are the key to our sustained success, driven by our nearly 30,000 employees dedicated to delivering exceptional service.

Market cap is $107.45B. There are 1119.4M shares outstanding. Dividend yield is 2.81%.

See the full Southern Company profile on GoodMoat. It covers key officers, financial metrics, and sector details. You can also use GoodMoat's DCF calculator, fair value models, and quality score to help decide if SO is a good investment.