The Southern Company

NYSE:SO Stock Report

Market Cap: US$108.9b

Southern Future Growth

Future criteria checks 1/6

Southern is forecast to grow earnings and revenue by 10.1% and 5.7% per annum respectively. EPS is expected to grow by 8.4% per annum. Return on equity is forecast to be 13.3% in 3 years.

Key information

10.1%

Earnings growth rate

8.41%

EPS growth rate

Electric Utilities earnings growth10.7%
Revenue growth rate5.7%
Future return on equity13.28%
Analyst coverage

Good

Last updated10 Mar 2026

Recent future growth updates

No updates

Recent updates

Southern Company: Steady Growth, But Priced Right, 3.2% Yield (Downgrade)

Feb 18

The Southern Company's (NYSE:SO) Business Is Yet to Catch Up With Its Share Price

Sep 08
The Southern Company's (NYSE:SO) Business Is Yet to Catch Up With Its Share Price

Is Southern (NYSE:SO) A Risky Investment?

Jul 05
Is Southern (NYSE:SO) A Risky Investment?

Southern (NYSE:SO) Ticks All The Boxes When It Comes To Earnings Growth

May 15
Southern (NYSE:SO) Ticks All The Boxes When It Comes To Earnings Growth

Southern (NYSE:SO) Is Increasing Its Dividend To $0.74

Apr 25
Southern (NYSE:SO) Is Increasing Its Dividend To $0.74

A Look At The Fair Value Of The Southern Company (NYSE:SO)

Apr 14
A Look At The Fair Value Of The Southern Company (NYSE:SO)

Is Southern (NYSE:SO) A Risky Investment?

Mar 19
Is Southern (NYSE:SO) A Risky Investment?

Southern Company: Strong 2024 Earnings Reinforce Confidence In The Investment

Feb 21

The Southern Company's Good Fuel Mix

Feb 14

SOJF: A 6.5% Investment Grade Baby Bond IPO From The Southern Company

Jan 22

Southern Company: Solid Commercial Data Center Load Trends, Technical Support (Rating Upgrade)

Jan 15

Southern Company: One Of The Best Utilities At A Lofty Price

Nov 01

Southern Company Could Be Dead Money For The Foreseeable Future

Oct 08

The Southern Company: Time To Lock In Gains

Sep 28

The AI Factor: Southern Company's Pricey Power Play

Aug 19

Why Southern Company Will Beat Guidance

Jul 09

The Southern Company Electric Utility Generates 3.7% Yield

Jul 02

The Southern Company: A Premium Valuation With Lukewarm Growth

May 24

Earnings and Revenue Growth Forecasts

NYSE:SO - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202834,5356,246N/A12,81313
12/31/202732,3565,6342,16112,08417
12/31/202630,7545,14959311,27916
12/31/202529,5534,341-3,0949,802N/A
9/30/202528,9134,459-1,9319,378N/A
6/30/202528,3634,283-1,1859,220N/A
3/31/202527,8534,606-39,727N/A
12/31/202426,7244,4017259,788N/A
9/30/202426,4284,7225899,428N/A
6/30/202426,1344,608-5398,652N/A
3/31/202425,4194,243-1,0948,020N/A
12/31/202325,2533,976-1,6417,553N/A
9/30/202326,2553,034-2,1477,025N/A
6/30/202327,6533,085-3,1755,623N/A
3/31/202329,1113,354-2,9905,554N/A
12/31/202229,2793,524-1,8116,302N/A
9/30/202227,9993,396-1,8046,105N/A
6/30/202225,8593,024-6456,844N/A
3/31/202223,8512,290-9366,519N/A
12/31/202123,1132,393-1,6056,169N/A
9/30/202122,4632,995-9586,557N/A
6/30/202121,8453,147-1,1046,753N/A
3/31/202121,2673,386-7607,044N/A
12/31/202020,3753,119-1,0376,696N/A
9/30/202020,1723,173-1,6176,120N/A
6/30/202020,5473,237-1,4196,115N/A
3/31/202021,0253,523-1,7385,931N/A
12/31/201921,4194,739-2,0085,781N/A
9/30/201921,8424,576N/A6,242N/A
6/30/201922,0064,424N/A6,200N/A
3/31/201922,5353,372N/A6,180N/A
12/31/201823,4952,226N/A6,945N/A
9/30/201823,7862,443N/A6,727N/A
6/30/201823,8282,349N/A6,911N/A
3/31/201823,6321,122N/A7,007N/A
12/31/201723,031842N/A6,394N/A
9/30/201722,584544N/A5,849N/A
6/30/201722,647613N/A5,495N/A
3/31/201721,6752,617N/A4,912N/A
12/31/201619,8962,448N/A4,894N/A
9/30/201618,2832,522N/A5,482N/A
6/30/201617,4202,341N/A6,307N/A
3/31/201617,2982,348N/A6,239N/A
12/31/201517,4892,367N/A6,274N/A
9/30/201517,9382,379N/A6,216N/A
6/30/201517,8762,139N/A5,852N/A
3/31/201518,0062,120N/A5,625N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SO's forecast earnings growth (10.1% per year) is above the savings rate (3.4%).

Earnings vs Market: SO's earnings (10.1% per year) are forecast to grow slower than the US market (15.6% per year).

High Growth Earnings: SO's earnings are forecast to grow, but not significantly.

Revenue vs Market: SO's revenue (5.7% per year) is forecast to grow slower than the US market (10.3% per year).

High Growth Revenue: SO's revenue (5.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SO's Return on Equity is forecast to be low in 3 years time (13.3%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/10 21:40
End of Day Share Price 2026/03/10 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

The Southern Company is covered by 30 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jacob KilsteinArgus Research Company
Daniel FordBarclays
Nicholas CampanellaBarclays