SOUTHERN CO (SO) closed fiscal year 2025 with a gross margin of 48.5 % and a net margin of 14.7 %.
SOUTHERN CO (SO) closed fiscal year 2025 with a gross margin of 48.5 % and a net margin of 14.7 %. The same year shows an EBITDA margin of 45.1 % and an EBIT margin of 24.7 %. The free cash flow margin was -9.9 %. Against the previous year the gross margin moved −1.5 pp and the net margin −1.8 pp. Across the period the gross margin ranges between 36.3 % in 2022 and 50.0 % in 2024. The series covers 19 fiscal years, from 2007 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 36.30 % | 46.63 % | 50.00 % | 48.47 % |
| EBITDA margin (%) | 31.34 % | 30.42 % | 32.12 % | 32.27 % | 35.56 % | 39.96 % | 32.50 % | 32.14 % | 38.18 % | 37.24 % | 25.14 % | 32.94 % | 51.67 % | 43.14 % | 33.19 % | 32.22 % | 42.81 % | 46.15 % | 45.05 % |
| EBIT margin (%) | 21.66 % | 20.47 % | 20.76 % | 21.78 % | 23.96 % | 26.99 % | 19.05 % | 19.72 % | 24.48 % | 22.55 % | 10.13 % | 17.84 % | 36.12 % | 23.98 % | 16.00 % | 18.34 % | 23.07 % | 26.45 % | 24.65 % |
| Net margin (%) | 11.29 % | 10.17 % | 10.44 % | 11.31 % | 12.48 % | 14.21 % | 10.01 % | 11.00 % | 13.84 % | 12.53 % | 3.82 % | 9.54 % | 22.20 % | 15.38 % | 10.42 % | 12.07 % | 15.74 % | 16.47 % | 14.69 % |
| FCF margin (%) | -0.73 % | -2.90 % | -8.94 % | -0.54 % | 7.80 % | 0.54 % | 4.48 % | 3.08 % | 3.43 % | -12.14 % | -4.47 % | -4.49 % | -8.28 % | -4.05 % | -6.13 % | -5.54 % | -6.11 % | 3.12 % | -9.93 % |
