SO NYSE
The Southern Company
1W: +3.7%
1M: +11.7%
3M: -3.6%
YTD: +8.8%
1Y: -0.6%
3Y: +54.5%
5Y: +77.9%
$92.65
+0.08 (+0.09%)
After Hours: $92.55 (-0.10, -0.11%)
Weekly Expected Move ±3.0%
$87
$90
$93
$96
$98
Credit Risk of going bust: lower than 81% of companies Debt: 42.0% of company value Bonds: none of note held by US funds details ▾
Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $2.67 (down 97%), The Southern Company would be worth roughly what it owes.
Total debt $77.09B against a stock market value of $106.49B.
Distance to default 9.97 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $41.20B (short-term plus half of long-term), stock volatility 17.9%; Altman Z'' 0.86. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
If the stock fell to about $2.67 (down 97%), The Southern Company would be worth roughly what it owes.
Total debt $77.09B against a stock market value of $106.49B.
Distance to default 9.97 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $41.20B (short-term plus half of long-term), stock volatility 17.9%; Altman Z'' 0.86. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
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Income Statement
Cash Flow
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Cash Flow Trends
Operating Cash Flow
$9.8B
+0.1% ▲
5Y CAGR: +7.9%
Capital Expenditures
$13.4B
-49.5% ▼
5Y CAGR: +12.5%
Free Cash Flow
-$3.6B
-531.0% ▼
Dividends Paid
$3.0B
-2.1% ▼
Buybacks
$0
+0.0% ▲
Net Change in Cash
$539M
+199.4% ▲
Cash Flow Composition
Year-over-Year Growth
View Full Cash Flow Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Operating Activities — | |||||
| Net Income | $2.3B | $3.4B | $4.0B | $4.3B | $4.2B |
| Depreciation & Amort. | $4.0B | $4.1B | $5.0B | $5.3B | $6.0B |
| Stock-Based Comp. | $144M | $127M | $137M | $132M | $136M |
| Change in Working Capital | -$990M | $160M | -$135M | $1.4B | $399M |
| Other Non-Cash Items | $494M | -$2.2B | -$1.8B | -$1.8B | -$1.6B |
| Operating Cash Flow | $6.2B | $6.3B | $7.6B | $9.8B | $9.8B |
| — Investing Activities — | |||||
| Capital Expenditures | -$7.2B | -$7.9B | -$9.1B | -$9.0B | $0 |
| Acquisitions (Net) | $572M | $275M | $164M | $369M | -$635M |
| Investment Purchases | -$1.6B | -$1.1B | -$1.1B | -$1.6B | $0 |
| Investment Sales | $1.6B | $1.1B | $1.1B | $1.5B | $0 |
| Other Investing | -$680M | -$769M | -$716M | -$798M | -$13.3B |
| Investing Cash Flow | -$7.4B | -$8.4B | -$9.7B | -$9.4B | -$14.0B |
| — Financing Activities — | |||||
| Net Debt Issuance | $4.8B | $4.1B | $4.4B | $3.0B | $6.8B |
| Stock Repurchased | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$2.8B | -$2.9B | -$3.0B | -$3.0B | -$3.0B |
| Other Financing | -$116M | -$404M | -$373M | -$366M | -$704M |
| Financing Cash Flow | $1.9B | $2.3B | $999M | -$208M | $4.7B |
| Net Change in Cash | $761M | $208M | -$1.1B | $180M | $539M |
| Cash End of Period | $1.8B | $2.0B | $921M | $1.1B | $1.6B |
| Free Cash Flow | -$1.1B | -$1.6B | -$1.5B | $833M | -$3.6B |