What is Southern Company's free cash flow?

Southern Company (SO) reported free cash flow of -$1.72B in Q1 2026.

How has Southern Company's free cash flow changed year-over-year?

Southern Company's free cash flow decreased by 44.7% year-over-year, from -$1.19B to -$1.72B.

What does free cash flow mean?

Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.

Southern Company SO Free cash flow

Free cash flow at other companies

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$218.2M—

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BKH

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-$1.33B-38.0%

Other financials

Income statement

See full

Revenue$8.4B+8.0%

Gross profit$5.0B—

Operating income$2.0B+0.4%

Net income$1.4B+1.6%

EPS (diluted)$1.20-0.8%

Balance sheet

See full

Cash & equivalents$987.0M-57.7%

Total debt$75.3B—

Total equity$39.9B+7.2%

Total assets$157.03B—

Cash flow

See full

Operating cash flow$1.2B-1.9%

CapEx$2.9B+20.8%

Valuation

See full

Market cap$108.12B+10.0%

Enterprise value$182.39B—

P/E19.3×—

P/S3.4×-0.5×

Profitability

See full

Operating margin18.7%-2.5pp

Net margin13.1%—

FCF margin-5.1%—

Returns & leverage

See full

Return on equity9%—

Debt / equity1.9×—

Current ratio0.7×—

Where this comes from

Calculated from Southern Company’s reported figures.

$1.2Bnet cash from operating−$2.9Bcapital expenditures=-$1.72B

The official record: Southern Company’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Southern Company's free cash flow?: Southern Company (SO) reported free cash flow of -$1.72B in Q1 2026.
How has Southern Company's free cash flow changed year-over-year?: Southern Company's free cash flow decreased by 44.7% year-over-year, from -$1.19B to -$1.72B.
What does free cash flow mean?: Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.