SO Southern Company

XNYS Sideways Alert

Utilities

· How we analyze

About the company

Southern Company is a major utility in the southeastern US. Through subsidiaries such as Georgia Power and Alabama Power it generates and supplies electricity, plus natural gas to millions of customers. Its power plant fleet also includes nuclear plants. Most of the business is regulated. As of Oct 11, 2026

Fact sheet (from the annual report) Electric utilities · Atlanta, USA

Southern Company is a holding company that includes the power generator Southern Power and the gas group Southern Company Gas. The electric utilities Alabama Power, Georgia Power and Mississippi Power are vertically integrated and serve retail and wholesale customers in the Southeast. Southern Power owns power plants and battery storage and sells electricity at market prices in the wholesale market, without traditional regulation by the states. The group’s gas distribution serves customers in Illinois, Georgia, Virginia and Tennessee, including through Nicor Gas and Atlanta Gas Light. Other subsidiaries are Southern Nuclear for operating the nuclear plants and PowerSecure for distributed energy and microgrids.

Automatically summarized from SEC annual report (10-K, filed Feb 19, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 14, 2026

What the methods say about Southern

Calculated automatically by fixed rules – not investment advice, check for yourself. How we analyze

Price performance at a glance

Last 30 trading days
  • Today +0.1%
  • 7 days +2.1%
  • 30 days +11.8%
  • 1 year −2.9%
Day range (last trading day)
−0.9%Price at 98% of the range0.0%
52-week range
−11.8%Price at 61% of the range+7.5%
Distance from the all-time high
−8.1%

Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.

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Symbol on TradingView: NYSE:SO

Fundamental analysis

Southern Company · Sector Utilities · amounts in USD

Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Feb 19, 2026.

Quality checks

Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.

Fiscal year to Dec 31, 2025

Quality Profitability, consistency, balance sheet · 1 without data 3 of 7 criteria met Growth Revenue and earnings per share 6 of 7 criteria met Dividend Level, consistency, coverage 4 of 7 criteria met Financial strength Piotroski, debt, liquidity 2 of 6 criteria met

Quality 3 of 7 met · 1 without data

  • no data: Gross margin above 40% not stated in the SEC filings
  • met: Operating margin above 15% 24.7%
  • met: Net margin above 10% 14.7%
  • not met: Return on equity above 15% 12.1%
  • not met: Free cash flow margin above 10% −9.9%
  • met: Profit in each of the last 5 fiscal years 5 of 5
  • not met: Free cash flow positive in each of the last 3 fiscal years 1 of 3
  • not met: Equity ratio above 30% 23.1%
Operating margin

24.7% Fiscal year 2025

Rank 67 of 100: higher than 67% of 192 peers (All). strong.

Sector: too few peers

Operating income divided by revenue: what the core business earns before interest and taxes.

Net margin

14.7% Fiscal year 2025

Rank 53 of 100: higher than 53% of 237 peers (All). medium.

Sector: too few peers

Profit after all costs, interest and taxes divided by revenue.

Return on equity

12.1% Fiscal year 2025

Rank 38 of 100: higher than 38% of 218 peers (All). medium.

Sector: too few peers

Net income divided by equity at fiscal year end.

Return on assets

2.8% Fiscal year 2025 (total assets at year end)

Rank 30 of 100: higher than 30% of 238 peers (All). weak.

Sector: too few peers

Net income divided by total assets at fiscal year end.

Equity ratio

23.1% Fiscal year 2025

Rank 31 of 100: higher than 31% of 239 peers (All). weak.

Sector: too few peers

Equity as a share of total assets. Usually low for banks.

Free cash flow margin

−9.9% Fiscal year 2025

Rank 17 of 100: higher than 17% of 213 peers (All). weak.

Sector: too few peers

Free cash flow divided by revenue.

Free cash flow

−2.9B USD Fiscal year 2025

Operating cash flow minus capital expenditure on property and equipment.

Growth 6 of 7 met

  • not met: Over 3 years, revenue grew by more than 5% per year +0.3%
  • met: Over 5 years, revenue grew by more than 5% per year +7.7%
  • met: Over 10 years, revenue grew by more than 5% per year +5.4%
  • met: Over 3 years, EPS grew by more than 5% per year +6.3%
  • met: Over 5 years, EPS grew by more than 5% per year +6.0%
  • met: Revenue rose in at least 4 of the last 5 fiscal years 4 of 5
  • met: Revenue rose in the last fiscal year +10.6%
Revenue growth 3 years

+0.3% per year

Rank 18 of 100: higher than 18% of 230 peers (All). weak.

Sector: too few peers

Average growth per year over 3 fiscal years.

Revenue growth 5 years

+7.7% per year

Rank 32 of 100: higher than 32% of 217 peers (All). weak.

Sector: too few peers

Average growth per year over 5 fiscal years.

Revenue growth 10 years

+5.4% per year

Rank 39 of 100: higher than 39% of 157 peers (All). medium.

Sector: too few peers

Average growth per year over 10 fiscal years.

EPS growth 3 years

+6.3% per year

Rank 36 of 100: higher than 36% of 157 peers (All). medium.

Sector: too few peers

Growth of earnings per share per year, adjusted for stock splits.

EPS growth 5 years

+6.0% per year

Rank 24 of 100: higher than 24% of 146 peers (All). weak.

Sector: too few peers

Growth of earnings per share per year, adjusted for stock splits.

EPS growth 10 years

+4.2% per year

Rank 22 of 100: higher than 22% of 140 peers (All). weak.

Sector: too few peers

Growth of earnings per share per year, adjusted for stock splits.

Dividend 4 of 7 met

  • met: Pays a dividend 2.94 USD
  • not met: Payout ratio at most 60% of earnings 75%
  • met: Dividend paid in each of the last 5 fiscal years 5 of 5
  • met: Dividend per share never lowered in the last 5 fiscal years Dividend per share as filed with the SEC, including special dividends; a one-off higher prior year does not count as a cut. never
  • met: Dividend per share higher than 5 years ago +3.0%
  • not met: Free cash flow per share covers the dividend −0.9x
  • not met: Dividends paid over the last 5 years covered by free cash flow free cash flow not positive in total
Payout ratio

75% Fiscal year 2025

Dividend per share divided by earnings per share.

Dividend growth 5 years

+3.0% per year

Rank 14 of 100: higher than 14% of 118 peers (All). weak.

Sector: too few peers

Growth of the dividend per share per year.

Free cash flow coverage

−0.9x Fiscal year 2025

Free cash flow per share divided by dividend per share. From 1x the dividend is covered.

Financial strength 2 of 6 met

  • not met: Piotroski F-Score at least 7 of 9 4 of 8 · 1 without data
  • not met: Long-term debt no higher than equity 1.82
  • not met: Current assets cover current liabilities 0.65
  • met: Positive equity 36.0B USD
  • met: In 5 years, share count up by at most 5% +4.1%
  • not met: Free cash flow positive in the last fiscal year −2.9B USD
Piotroski F-Score

4 of 8 Fiscal year 2025

No rank: not all 9 criteria have data.

Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.

Debt / equity

1.82 at fiscal year end

Rank 12 of 100: lower than 12% of 199 peers (All). weak.

Sector: too few peers

Long-term financial debt divided by equity.

Liquidity (current ratio)

0.65 at fiscal year end

Rank 5 of 100: higher than 5% of 215 peers (All). weak.

Sector: too few peers

Current assets divided by current liabilities.

Change in share count

+4.1% in 5 years

Rank 32 of 100: lower than 32% of 199 peers (All). weak.

Sector: too few peers

Change in diluted share count. Negative = share buybacks, positive = new shares.

The 9 criteria of the Piotroski F-Score
  • met: Profit in the last fiscal year (positive return on assets)
  • met: Positive operating cash flow
  • not met: Return on assets higher than the prior year
  • met: Operating cash flow higher than net income
  • not met: Long-term debt relative to total assets fell
  • not met: Liquidity (current assets / current liabilities) rose
  • not met: No additional shares (diluted share count did not rise)
  • no data: Gross margin higher than the prior year
  • met: Revenue relative to total assets higher than the prior year

Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.

Price-based criteria (P/E, dividend yield) are shown to signed-in users.

Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.

In short

  • Light green: Revenue grew over 5 years (+7.7% per year), at least as fast as the sector median.
  • Light yellow: Net income (total) grew over 5 years (+6.9% per year), more slowly than the sector median; per share +6.0% per year.
  • Light green: Net margin 14.7%, above the sector median (13.7%).
  • Light yellow: Debt higher than usual in the sector.
  • Light green: Profit in each of the last 10 fiscal years.
  • Light yellow: High payout ratio (75% of earnings).

Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.

RevenueNet income Net margin (below) in USD
  1. Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Revenue 19.9B USD · Net income 2.5B USD · Net margin 12.7%
  2. Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Revenue 23.0B USD · Net income 926.0M USD · Net margin 4.0%
  3. Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 23.5B USD · Net income 2.3B USD · Net margin 9.8%
  4. Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 21.4B USD · Net income 4.7B USD · Net margin 22.1%
  5. Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 20.4B USD · Net income 3.1B USD · Net margin 15.2%
  6. Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 23.1B USD · Net income 2.3B USD · Net margin 10.0%
  7. Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 29.3B USD · Net income 3.4B USD · Net margin 11.7%
  8. Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 25.3B USD · Net income 4.0B USD · Net margin 15.7%
  9. Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 26.7B USD · Net income 4.4B USD · Net margin 16.5%
  10. Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 29.6B USD · Net income 4.3B USD · Net margin 14.7%

Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 29.6B USD · Net income 4.3B USD · Net margin 14.7%

Figures over time

Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.

Money flow in fiscal year 2025

Of 100 USD of revenue, 24.7 USD operating income and 14.7 USD net income remained.

Money flow as a table
Fiscal year 2025, amounts in USD, share of revenue
ItemAmountof revenue
Revenue29.6B USD100.0%
Operating income7.3B USD24.7%
Cost of revenue and operating expenses22.3B USD75.3%
Net income4.3B USD14.7%
Taxes828.0M USD2.8%
Interest & other2.1B USD7.2%

Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.

Margins

The operating margin stayed roughly the same in 5 years (24.7%).

Operating marginNet margin
  1. Fiscal year 2016: Operating margin 23.3% · Net margin 12.5%
  2. Fiscal year 2017: Operating margin 11.1% · Net margin 3.8%
  3. Fiscal year 2018: Operating margin 17.8% · Net margin 9.5%
  4. Fiscal year 2019: Operating margin 36.1% · Net margin 22.2%
  5. Fiscal year 2020: Operating margin 24.0% · Net margin 15.4%
  6. Fiscal year 2021: Operating margin 16.0% · Net margin 10.4%
  7. Fiscal year 2022: Operating margin 18.3% · Net margin 12.1%
  8. Fiscal year 2023: Operating margin 23.1% · Net margin 15.7%
  9. Fiscal year 2024: Operating margin 26.4% · Net margin 16.5%
  10. Fiscal year 2025: Operating margin 24.7% · Net margin 14.7%

Returns

Return on equity stayed roughly the same in 5 years (12.1%).

Return on equityReturn on assets
  1. Fiscal year 2016: Return on equity 10.1% · Return on assets 2.3%
  2. Fiscal year 2017: Return on equity 3.6% · Return on assets 0.8%
  3. Fiscal year 2018: Return on equity 9.1% · Return on assets 1.9%
  4. Fiscal year 2019: Return on equity 17.3% · Return on assets 4.0%
  5. Fiscal year 2020: Return on equity 11.2% · Return on assets 2.5%
  6. Fiscal year 2021: Return on equity 8.6% · Return on assets 1.9%
  7. Fiscal year 2022: Return on equity 11.6% · Return on assets 2.6%
  8. Fiscal year 2023: Return on equity 12.6% · Return on assets 2.9%
  9. Fiscal year 2024: Return on equity 13.3% · Return on assets 3.0%
  10. Fiscal year 2025: Return on equity 12.1% · Return on assets 2.8%

Equity and long-term debt

The equity ratio stayed roughly the same in 5 years (23.1%).

EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases.
  1. Fiscal year 2016: Equity 24.8B USD · Long-term debt 42.6B USD
  2. Fiscal year 2017: Equity 24.2B USD · Long-term debt 44.5B USD
  3. Fiscal year 2018: Equity 24.7B USD · Long-term debt 40.7B USD
  4. Fiscal year 2019: Equity 27.5B USD · Long-term debt 41.8B USD
  5. Fiscal year 2020: Equity 28.0B USD · Long-term debt 45.1B USD
  6. Fiscal year 2021: Equity 27.9B USD · Long-term debt 50.1B USD
  7. Fiscal year 2022: Equity 30.4B USD · Long-term debt 50.7B USD
  8. Fiscal year 2023: Equity 31.4B USD · Long-term debt 57.2B USD
  9. Fiscal year 2024: Equity 33.2B USD · Long-term debt 58.8B USD
  10. Fiscal year 2025: Equity 36.0B USD · Long-term debt 65.6B USD

Liquidity (current ratio)

The current ratio fell in 5 years from 0.71 to 0.65.

Current ratio
  1. Fiscal year 2016: Current ratio 0.75
  2. Fiscal year 2017: Current ratio 0.74
  3. Fiscal year 2018: Current ratio 0.67
  4. Fiscal year 2019: Current ratio 0.78
  5. Fiscal year 2020: Current ratio 0.71
  6. Fiscal year 2021: Current ratio 0.82
  7. Fiscal year 2022: Current ratio 0.66
  8. Fiscal year 2023: Current ratio 0.77
  9. Fiscal year 2024: Current ratio 0.67
  10. Fiscal year 2025: Current ratio 0.65

Cash flow

Free cash flow fell in 5 years from −745.0M USD to −2.9B USD.

Operating cash flowCapital expenditureFree cash flow in USD
  1. Fiscal year 2016: Operating cash flow 4.9B USD · Capital expenditure 7.3B USD · Free cash flow −2.4B USD
  2. Fiscal year 2017: Operating cash flow 6.4B USD · Capital expenditure 7.4B USD · Free cash flow −1.0B USD
  3. Fiscal year 2018: Operating cash flow 6.9B USD · Capital expenditure 8.0B USD · Free cash flow −1.1B USD
  4. Fiscal year 2019: Operating cash flow 5.8B USD · Capital expenditure 7.6B USD · Free cash flow −1.8B USD
  5. Fiscal year 2020: Operating cash flow 6.7B USD · Capital expenditure 7.4B USD · Free cash flow −745.0M USD
  6. Fiscal year 2021: Operating cash flow 6.2B USD · Capital expenditure 7.2B USD · Free cash flow −1.1B USD
  7. Fiscal year 2022: Operating cash flow 6.3B USD · Capital expenditure 7.9B USD · Free cash flow −1.6B USD
  8. Fiscal year 2023: Operating cash flow 7.6B USD · Capital expenditure 9.1B USD · Free cash flow −1.5B USD
  9. Fiscal year 2024: Operating cash flow 9.8B USD · Capital expenditure 9.0B USD · Free cash flow 833.0M USD
  10. Fiscal year 2025: Operating cash flow 9.8B USD · Capital expenditure 12.7B USD · Free cash flow −2.9B USD

Share count

The share count rose in 5 years by 4.1% – more new shares were issued than repurchased (dilution).

Diluted share count
  1. Fiscal year 2016: Diluted share count 958.0M
  2. Fiscal year 2017: Diluted share count 1.0B
  3. Fiscal year 2018: Diluted share count 1.0B
  4. Fiscal year 2019: Diluted share count 1.1B
  5. Fiscal year 2020: Diluted share count 1.1B
  6. Fiscal year 2021: Diluted share count 1.1B
  7. Fiscal year 2022: Diluted share count 1.1B
  8. Fiscal year 2023: Diluted share count 1.1B
  9. Fiscal year 2024: Diluted share count 1.1B
  10. Fiscal year 2025: Diluted share count 1.1B

From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.

Dividends and share repurchases

How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.

Dividend per share
2.94 USD · Fiscal year 2025
Dividend growth per year
3 y +2.9%5 y +3.0%10 y +3.2%
Years without a cut
at least 10 as far as the data goes
Payout ratio
of earnings 75% of free cash flow –
Share count over 5 years
+4.1% more shares – dilution

Dividend per share

The dividend per share rose in 5 years from 2.54 USD to 2.94 USD.

Dividend per share USD per share Per share as filed with the SEC, including special dividends; obvious filing errors are hidden.
  1. Fiscal year 2016: Dividend per share 2.22 USD
  2. Fiscal year 2017: Dividend per share 2.30 USD
  3. Fiscal year 2018: Dividend per share 2.38 USD
  4. Fiscal year 2019: Dividend per share 2.46 USD
  5. Fiscal year 2020: Dividend per share 2.54 USD
  6. Fiscal year 2021: Dividend per share 2.62 USD
  7. Fiscal year 2022: Dividend per share 2.70 USD
  8. Fiscal year 2023: Dividend per share 2.78 USD
  9. Fiscal year 2024: Dividend per share 2.86 USD
  10. Fiscal year 2025: Dividend per share 2.94 USD

Payout ratios

The payout ratio fell in 5 years from 86.7% to 75.0%.

Payout ratio (earnings)Payout ratio (free cash flow)
  1. Fiscal year 2016: Payout ratio (earnings) 87.2% · Payout ratio (free cash flow) not available
  2. Fiscal year 2017: Payout ratio (earnings) 273.8% · Payout ratio (free cash flow) not available
  3. Fiscal year 2018: Payout ratio (earnings) 109.7% · Payout ratio (free cash flow) not available
  4. Fiscal year 2019: Payout ratio (earnings) 54.7% · Payout ratio (free cash flow) not available
  5. Fiscal year 2020: Payout ratio (earnings) 86.7% · Payout ratio (free cash flow) not available
  6. Fiscal year 2021: Payout ratio (earnings) 117.0% · Payout ratio (free cash flow) not available
  7. Fiscal year 2022: Payout ratio (earnings) 82.8% · Payout ratio (free cash flow) not available
  8. Fiscal year 2023: Payout ratio (earnings) 76.8% · Payout ratio (free cash flow) not available
  9. Fiscal year 2024: Payout ratio (earnings) 71.7% · Payout ratio (free cash flow) 354.6%
  10. Fiscal year 2025: Payout ratio (earnings) 75.0% · Payout ratio (free cash flow) not available

What goes back to shareholders

Over 5 years, 14.7B USD went back to shareholders as dividends. Free cash flow over those years was not positive in total. This was offset by new shares issued for 3.7B USD (including employee plans).

Dividends paidShare repurchasesNew shares issued (including employee plans)Free cash flow in USD
  1. Fiscal year 2016: Dividends paid 2.1B USD · Share repurchases 0.0 USD · New shares issued (including employee plans) 3.8B USD · Free cash flow −2.4B USD
  2. Fiscal year 2017: Dividends paid 2.3B USD · Share repurchases 0.0 USD · New shares issued (including employee plans) 793.0M USD · Free cash flow −1.0B USD
  3. Fiscal year 2018: Dividends paid 2.4B USD · Share repurchases not available · New shares issued (including employee plans) 1.1B USD · Free cash flow −1.1B USD
  4. Fiscal year 2019: Dividends paid 2.6B USD · Share repurchases not available · New shares issued (including employee plans) 844.0M USD · Free cash flow −1.8B USD
  5. Fiscal year 2020: Dividends paid 2.7B USD · Share repurchases not available · New shares issued (including employee plans) 74.0M USD · Free cash flow −745.0M USD
  6. Fiscal year 2021: Dividends paid 2.8B USD · Share repurchases not available · New shares issued (including employee plans) 73.0M USD · Free cash flow −1.1B USD
  7. Fiscal year 2022: Dividends paid 2.9B USD · Share repurchases not available · New shares issued (including employee plans) 1.8B USD · Free cash flow −1.6B USD
  8. Fiscal year 2023: Dividends paid 3.0B USD · Share repurchases not available · New shares issued (including employee plans) 36.0M USD · Free cash flow −1.5B USD
  9. Fiscal year 2024: Dividends paid 3.0B USD · Share repurchases not available · New shares issued (including employee plans) 143.0M USD · Free cash flow 833.0M USD
  10. Fiscal year 2025: Dividends paid 3.0B USD · Share repurchases not available · New shares issued (including employee plans) 1.6B USD · Free cash flow −2.9B USD

Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.

Valuation over time

Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users.

Sector comparison

Southern Company next to 3 stocks of the sector Utilities we cover that are closest in revenue. Click a column header to sort the table.

Sector comparison SO, sector Utilities; last row: sector median
Symbol Revenue (FY) Growth 5 yrsGross marginOp. marginNet marginROEEquity ratioFCF marginPiotroski
DUK Duke Energy 31.7B USD +6.2%–27.2%15.7%9.6%26.5%−5.3%–
SO Southern Company this stock 29.6B USD +7.7%–24.7%14.7%12.1%23.1%−9.9%–
NEE NextEra Energy 25.8B USD +8.7%–32.1%26.5%12.5%25.7%––
CEG Constellation Energy 25.5B USD +7.7%–12.1%9.1%16.0%25.4%5.0%–
Median of the sector 4 symbols too few stocks for a median (at least 5)

Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).

Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.

Key figures with traffic lights

Each light follows a simple, disclosed rule. The comparison is with the sector median of all 31 symbols in the Utilities sector on our list (current members of the S&P 500 and other lists).

Revenue growth

Light green: above sector

+7.7% per year, last 5 years

Sector Utilities: median +6.5% (31 symbols)

What does this mean? Revenue: over 5 years it grew by 7.7% per year on average – at least as fast as the median company in the sector (+6.5%).

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net income (total)

Light yellow: below sector

+6.9% per year, last 5 years

Sector Utilities: median +7.2% (27 symbols)

per share: +6.0% per year (5 years, split-adjusted)

What does this mean? Total net income: over 5 years it grew by 6.9% per year on average, but more slowly than the median company in the sector (+7.2%).

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net margin

Light green: above sector

14.7% last fiscal year

Sector Utilities: median 13.7% (29 symbols)

What does this mean? Of every 100 USD in revenue, 14.69 USD remained as profit – at least as much as the median company in the sector (13.7%). Five years ago the margin was 15.2%.

Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.

Debt / equity

Light yellow: higher than sector

1.68 latest balance sheet

Sector Utilities: median 1.55 (30 symbols)

What does this mean? For every 1 USD of equity there is 1.68 USD of financial debt – more than the median company in the sector (1.55). More debt amplifies good and bad years alike.

Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.

Payout ratio

Light yellow: high

75% Dividend / earnings per share

Sector Utilities: median 62% (29 symbols)

What does this mean? Of every 1 USD of earnings per share, 0.75 USD went to shareholders as a dividend. Little buffer remains for weaker years. Median company in the sector: 62%.

Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.

Profitable years

Light green: profit every year

10 of 10 fiscal years with a profit

What does this mean? In 10 of the last 10 fiscal years the bottom line showed a profit. There were no losses in this period.

Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).

Last fiscal year and 13F

Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
29.6B USD
Revenue vs. prior year
+10.6%
Net income (FY)
4.3B USD
Net income vs. prior year
−1.4%
EPS (FY)
3.92 USD
13F funds with a position
0 of 9
Funds vs. prior quarter
±0
Shares held vs. prior quarter
–
Fiscal year to Dec 31, 2025 · 10-K filed Feb 19, 2026 · Balance sheet Mar 31, 2026 (filed Apr 30, 2026) · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term). 13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
YearEndRevenueNet income MarginEarnings per shareDividend per sharePayout
2025Dec 31, 2025 29.6B4.3B 14.7% 3.92 2.94 75%
2024Dec 31, 2024 26.7B4.4B 16.5% 3.99 2.86 72%
2023Dec 31, 2023 25.3B4.0B 15.7% 3.62 2.78 77%
2022Dec 31, 2022 29.3B3.4B 11.7% 3.26 2.70 83%
2021Dec 31, 2021 23.1B2.3B 10.0% 2.24 2.62 117%
2020Dec 31, 2020 20.4B3.1B 15.2% 2.93 2.54 87%
2019Dec 31, 2019 21.4B4.7B 22.1% 4.50 2.46 55%
2018Dec 31, 2018 23.5B2.3B 9.8% 2.17 2.38 110%
2017Dec 31, 2017 23.0B926.0M 4.0% 0.84 2.30 274%
2016Dec 31, 2016 19.9B2.5B 12.7% 2.55 2.22 87%
Quarters (amounts in USD, per share in USD)
QuarterEndRevenueNet income MarginEarnings per shareDividend per sharePayout
Q1/26Mar 31, 2026 8.4B1.4B 16.1% 1.20 0.74 62%
Q4/25*Dec 31, 2025 7.0B416.0M 6.0% – – –
Q3/25Sep 30, 2025 7.8B1.7B 21.9% 1.54 0.74 48%
Q2/25Jun 30, 2025 7.0B880.0M 12.6% 0.79 0.74 94%
Q1/25Mar 31, 2025 7.8B1.3B 17.2% 1.21 0.72 60%
Q4/24*Dec 31, 2024 6.3B534.0M 8.4% – – –
Q3/24Sep 30, 2024 7.3B1.5B 21.1% 1.39 0.72 52%
Q2/24Jun 30, 2024 6.5B1.2B 18.6% 1.09 0.72 66%
Q1/24Mar 31, 2024 6.6B1.1B 16.1% 1.03 0.70 68%
Q4/23*Dec 31, 2023 6.0B– – – – –
Q3/23Sep 30, 2023 7.0B1.4B 20.5% 1.29 0.70 54%
Q2/23Jun 30, 2023 5.7B823.0M 14.3% 0.76 0.70 92%

* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.

How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.

Insiders

All insider transactions
Insider purchases and sales on the market over 3, 6 and 12 months
PeriodPurchasesSalesNet
3 months $00 people $842.3K3 people −$842.3K
6 months $00 people $870.6K3 people −$870.6K
12 months $00 people $5.6M6 people −$5.6M

Latest transactions

  • Oct 1, 2026 Kim Matthew M. Officer Open-market sale · 10b5-1 plan 100 shares · $8.3K · SEC
  • Sep 3, 2026 Sena Peter P III Chief executive (CEO) Open-market sale · 10b5-1 plan 4,266 shares · $377.9K · SEC
  • Sep 3, 2026 Kim Matthew M. Officer Open-market sale 1,400 shares · $124.4K · SEC
  • Sep 1, 2026 Kim Matthew M. Officer Open-market sale · 10b5-1 plan 100 shares · $8.8K · SEC
  • Aug 6, 2026 Spainhour Sterling A Jr. Officer Open-market sale · 10b5-1 plan 3,333 shares · $313.4K · SEC
  • Aug 3, 2026 Kim Matthew M. Officer Open-market sale · 10b5-1 plan 100 shares · $9.4K · SEC

Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.

Trend score +0

Price vs. EMA 50+15
Price vs. EMA 200+15
EMA 50 vs. EMA 200-20
ADX (trend strength)+15
Highs and lows-10
Relative strength-15

Volatility and trend strength

ADX 14 (trend strength)37.8
Rel. strength 60 d−1.3%

ATR and moving averages as price values only when logged in.

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