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Southern Company SO Debt-to-equity

Debt-to-equity at other companies

American Electric Power logo
American Electric PowerAEP
1.6×
Entergy logo
EntergyETR
1.9×-0.1×
Dominion Energy logo
Dominion EnergyD
0.1×0.0×
Nextra Energy logo
Nextra EnergyNEE
1.8×+0.1×
Spire logo
SpireSR
2.3×+1.0×
Duke Energy logo
Duke EnergyDUK
1.6×0.0×

Other financials

Income statement

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Revenue$8.4B+8.0%
Operating income$2.0B+0.4%
Net income$1.4B+1.6%
EPS (diluted)$1.20-0.8%

Balance sheet

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Cash & equivalents$987.0M-57.7%
Total debt$75.3B
Total equity$39.9B+7.2%
Total assets$157.03B

Cash flow

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Operating cash flow$1.2B-1.9%
CapEx$2.9B+20.8%
Free cash flow-$1.7B-44.7%

Valuation

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Market cap$108.76B+3.0%
Enterprise value$183.02B
P/E19.4×
P/S3.5×-0.5×

Profitability

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Operating margin18.7%-2.5pp
Net margin13.1%
FCF margin-5.1%

Returns & leverage

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Return on equity9%
Current ratio0.7×

Where this comes from

Calculated from Southern Company’s reported figures.

Based on the most recent quarter.

The source filing: Southern Company’s 10-Q, filed April 30, 2026. Open the filing →

Filed
Apr 29, 2026, 5:37 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000092122-26-000034

FAQ

What is Southern Company's debt-to-equity?
Southern Company (SO) reported debt-to-equity of 1.9× in Q1 2026.
What is the long-term trend for Southern Company's debt-to-equity?
Over 3 years (2020 to 2025), Southern Company's debt-to-equity has grown at a -68.5% compound annual growth rate (CAGR), from 1.8× to 0.1×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

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