The Southern revenue and financials
$85.44Change from previous close: +1.97%Absolute change: +$1.65
In the fiscal year ended December 2025, The Southern reported revenue of $29.55B (+10.59% year over year). Net income was $4.34B, a net margin of 14.7%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +10.59%
- 2025 vs 2024
- Net income growth
- −1.36%
- 2025 vs 2024
- Net margin
- 14.7%
- 2024: 16.5%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 9,802 | 9,788 | 7,553 | 6,302 | 6,169 | 6,696 | 5,781 | 6,945 | 6,394 | 4,894 |
| Depreciation and amortization | 6,030 | 5,266 | 4,986 | 4,064 | 3,973 | 3,905 | 3,331 | 3,549 | 3,457 | 2,923 |
| Capital expenditure | -12,737 | -8,955 | -9,095 | -7,923 | -7,586 | -7,522 | -7,555 | -8,001 | -7,423 | -7,310 |
| Investing cash flow | -13,959 | -9,400 | -9,668 | -8,430 | -7,353 | — | — | — | — | — |
| Financing cash flow | 4,696 | -208 | 999 | 2,336 | 1,945 | — | — | — | — | — |
| Dividends paid | -3,015 | -2,954 | -3,035 | -2,907 | -2,777 | -2,685 | -2,570 | -2,425 | -2,300 | -2,104 |
| Share repurchases | — | 0.0 | 0.0 | -298 | 0.0 | — | — | — | 0.0 | 0.0 |
| Debt issued | 12,670 | 6,859 | 10,295 | 7,782 | 9,117 | — | — | — | — | — |
| Debt repaid | -5,878 | -3,890 | -5,924 | -3,645 | -4,352 | — | — | — | — | — |
| Net change in cash | 539 | 180 | -1,116 | 208 | 761 | — | — | — | — | — |
| Free cash flow | -2,935 | 833 | -1,542 | -1,621 | -1,417 | — | — | — | — | — |
| Levered free cash flow | -3,460 | 722 | -2,911 | -1,199 | -2,409 | — | — | — | — | — |