Company / Operating Margin
Southern Company Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
24.6%
FY2025
5-year range
16.0% / 26.5%
FY2021-FY2025
Trend
-6.8%
vs FY2024
Sector context
#20 of 61
Utilities
What the data says
At 24.6%, Southern Company's operating margin ranks #20 of 61 in the Utilities sector. Operating Margin has fluctuated over the past 10 years, ranging from 16.0% in FY2021 to 40.4% in FY2017.
Based on SEC 10-K filings.
24.6% in FY2025 with a 5-year CAGR of +0.7%.
Improved from 23.1% to 24.6% over the past 2 years.
Utilities sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +6.3pp
- 5-Year Change
- +0.7pp
- 10-Year Change
- -
Sector benchmark
#20 of 61 in UtilitiesTop 33% of 61This company 24.6% Sector average 21.7%
▼
+13.8% above sector average
Key checks
Key Insights
- In FY2025, operating margin decreased 6.8% year-over-year.
- Currently 3.0pp above the Utilities sector average.
- Peak operating margin was recorded in FY2017.
- Lowest operating margin in the period was in FY2021.
Company context
Key Data Points
- Altman Z-Score 0.51 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 24.6% | -6.8% |
| FY2024 | 26.5% | +14.7% |
| FY2023 | 23.1% | +25.8% |
| FY2022 | 18.3% | +14.6% |
| FY2021 | 16.0% | -33.3% |
| FY2020 | 24.0% | -33.6% |
| FY2019 | 36.1% | +102.5% |
| FY2018 | 17.8% | -55.9% |
| FY2017 | 40.4% | +79.3% |
| FY2016 | 22.6% | -7.9% |
As of FY2025 · SEC 10-K · Updated Mar 14, 2026