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Screener / SEC EDGAR /CIK 0000092122 /10-K filed Feb 19, 2026, compared with Feb 20, 2025 /Numbers from the XBRL of the 10-Ks
Utilities peers:
CEGNRGDUKPCGNEESO
NYSE Utilities · Electric Utilities

Southern Company SO

SO quote by TradingView
Employees
29,800
Headquarters
Atlanta, GA
CEO
Christopher C. Womack
Next results
around Feb 18, 2027
Compare with peers Embed

SO among Utilities peers

Six ratios from the latest 10-K. Each corner is the share of 30 peers the company is above, not a score.

Compare
Revenue growth: 10.6%, above 60% of 30 peers (their median 9.7%) REVENUE GROWTH 10.6% · above 60% Operating margin: 24.2%, above 68% of 28 peers (their median 23.1%) OPERATING MARGIN 24.2% · above 68% Net margin: 14.5%, above 53% of 30 peers (their median 13.6%) NET MARGIN 14.5% · above 53% FCF margin: -11.5%, above 52% of 23 peers (their median -16.0%) FCF MARGIN -11.5% · above 52% Return on capital: 5.3%, above 54% of 28 peers (their median 5.3%) RETURN ON CAPITAL 5.3% · above 54%
SO Peer median Below the median

What changed

3 new risk paragraphs and 1 accounting fact worth reading about. 10-K filed Feb 19, 2026 against Feb 20, 2025.

Risk factors
3 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Critical audit matters changed
New this year: II-69 (“or complex judgments. The communication of critical audit matters does not alter in any way our opinion on the financial statements, taken as a whole, and we are not, by communicating the critical audit matter below, providing a separate opinion on the critical audit matter or on the accounts or dis”). No longer listed: II-68. Same as last year: Table of Contents Index to Financial Statements
10-K · XBRL
Accounting checks
9 other checks clear, 1 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
4 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

10 checks on the latest 10-K. Checks, not verdicts.

How it works

1fact worth reading about the other 9 checks found nothing to note

  • Critical audit matters changed
    New this year: II-69 (“or complex judgments. The communication of critical audit matters does not alter in any way our opinion on the financial statements, taken as a whole, and we are not, by communicating the critical audit matter below, providing a separate opinion on the critical audit matter or on the accounts or dis”). No longer listed: II-68. Same as last year: Table of Contents Index to Financial Statements
  • Receivables +3.0% vs revenue +10.6% (-7.6 pts)
8 more checks with nothing to note
  • Cash from operations $9.8B vs net income $4.3B (FY ending Dec 31, 2025)
  • Same auditor in both 10-Ks: Deloitte & Touche LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

3 paragraphs in Risk Factors that were not in the 10-K filed Feb 20, 2025. Quoted as filed.

All 3 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 20, 2025 10-K, ITEM 1A
    The OBBB was signed into law on July 4, 2025. The OBBB, among other things, materially changed the requirements for most of the federal renewable energy incentives. The Registrants are still assessing the impacts of the OBBB on tax incentives for renewable energy projects. Any loss of, reduction in, or impacts on tax incentives,…
  2. Item 1A · new paragraph · not in the 10-K filed Feb 20, 2025 10-K, ITEM 1A
    SCS, on behalf of the traditional electric operating companies and Southern Power, purchases fuel for the Southern Company system's generation fleet from a diverse set of suppliers. Southern Company Gas' primary business is the distribution of natural

New risk paragraphs, against peers

Latest 10-K of each, Utilities companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$29.3B$25.3B$26.7B$29.6B
Net income$3.5B$4.0B$4.4B$4.3B
Operating cash flow$6.3B$7.6B$9.8B$9.8B
Free cash flow−$1.6B−$1.5B$833.0M−$2.9B

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$29.6B ▲ 10.6% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

4 filings in the last 30 days · SEC EDGAR

All filings

About the company

Southern Company, Atlanta, GA · from the 10-K filed Feb 19, 2026

Southern Company is a holding company that owns all of the outstanding common stock of three traditional electric operating companies, Southern Power Company, and Southern Company Gas. • The traditional electric operating companies - Alabama Power, Georgia Power, and Mississippi Power - are each vertically integrated utilities providing electric service to retail customers in three Southeastern states in addition to wholesale customers in the Southeast.

Headquarters
Atlanta, GA
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
December 31
Last results
Nov 5, 2026
Incorporated in
DE

Employees, at the top of the page: "The Southern Company system had approximately 29,800 employees on its payroll at December 31, 2025 comprised of the following: At December 31, 2025(*) ────────────────────────────────────────────────────────────── Alabama Power 6,100 Georgia Power 7,700 Mississippi Power 1,100 Southern Power 500 Sou" (10-K). Address and exchange: SEC's company file.

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Sources

The 10-K filed Feb 19, 2026 (open at SEC), compared with the 10-K filed Feb 20, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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