The Southern Company (SO) EBITDA Margin: 48.50%
Is The Southern Company’s EBITDA margin high or low?
The Southern Company's EBITDA margin of 48.50% is 11% above its 5-year average of 43.57%, near the high end of its 5-year range (35.21%–49.54%).
The EBITDA margin for The Southern Company (SO) is 48.50% as of Tuesday, June 9, 2026. It is below its 12-month average by 1.06% (49.02%).
SO EBITDA Margin Chart
SO Average EBITDA Margin Chart
SO Current vs Average EBITDA Margin Chart
SO EBITDA Margin Metrics
EBITDA MARGIN
48.50%
EBITDA MARGIN AVG TTM
49.02%
EBITDA MARGIN AVG 3Y
44.97%
EBITDA MARGIN AVG 5Y
43.57%
EBITDA MARGIN AVG 10Y
41.39%
EBITDA MARGIN AVG 15Y
39.50%
EBITDA MARGIN AVG 20Y
37.76%
CURRENT VS TTM AVG
-1.06%
CURRENT VS 3Y AVG
+7.84%
CURRENT VS 5Y AVG
+11.31%
CURRENT VS 10Y AVG
+17.17%
CURRENT VS 15Y AVG
+22.78%
CURRENT VS 20Y AVG
+28.43%
SO Competitors' EBITDA Margin
| NAME | MARKET CAP | EBITDA MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| The Southern Company (SO) | — | 48.50% | 49.02% | 44.97% | 43.57% |
| Duke Energy Corporation (DUK) | $96.53B | 48.61% | 49.00% | 47.17% | 45.54% |
| American Electric Power Company, Inc. (AEP) | $69.51B | 40.34% | 40.49% | 38.73% | 39.53% |
| Sempra (SRE) | $59.40B | 50.09% | 47.62% | 40.59% | 37.42% |
| Dominion Energy, Inc. (D) | $58.27B | 48.59% | 47.49% | 44.79% | 45.88% |
| Xcel Energy Inc. (XEL) | $48.61B | 41.37% | 41.48% | 38.18% | 37.41% |
| Exelon Corporation (EXC) | $46.38B | 36.22% | 35.86% | 36.47% | 38.32% |
| Consolidated Edison, Inc. (ED) | $39.21B | 36.36% | 36.14% | 36.66% | 35.36% |
| WEC Energy Group, Inc. (WEC) | $36.84B | 41.30% | 43.42% | 40.41% | 39.71% |
| NextEra Energy, Inc. (NEE) | $176.90B | 58.83% | 57.76% | 54.77% | 53.00% |
Margin Comparison
Gross Margin
29.8%
EBITDA Margin
48.5%
Operating Margin
24.6%
Net Margin
14.7%
Formula: EBITDA Margin = (EBITDA / Revenue) × 100
Why EBITDA Margin matters:
- Removes effects of depreciation policies (D&A)
- Capital structure neutral (ignores interest)
- Tax neutral (ignores tax differences)
- Good proxy for operating cash generation
The Southern Company EBITDA Margin Formula & Definition
EBITDA Margin = EBITDA / Revenue
EBITDA margin measures operating profitability before interest, taxes, depreciation, and amortization as a percentage of revenue.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
The Southern Company EBITDA Margin FAQ
- What is the EBITDA margin for The Southern Company (SO)?
- The EBITDA margin for SO stock is 48.50%.
- Is The Southern Company's EBITDA margin high or low?
- The Southern Company's EBITDA margin of 48.50% is 11% above its 5-year average of 43.57%, near the high end of its 5-year range (35.21%–49.54%).
- What is the TTM average EBITDA margin for The Southern Company (SO)?
- The TTM average EBITDA margin for SO stock is 49.02%.
- What is the 3Y average EBITDA margin for The Southern Company (SO)?
- The 3Y average EBITDA margin for SO stock is 44.97%.
- What is the 5Y average EBITDA margin for The Southern Company (SO)?
- The 5Y average EBITDA margin for SO stock is 43.57%.
- What is the 10Y average EBITDA margin for The Southern Company (SO)?
- The 10Y average EBITDA margin for SO stock is 41.39%.
- What is the 15Y average EBITDA margin for The Southern Company (SO)?
- The 15Y average EBITDA margin for SO stock is 39.50%.
- What is the 20Y average EBITDA margin for The Southern Company (SO)?
- The 20Y average EBITDA margin for SO stock is 37.76%.
The Southern Company EBITDA Margin History
| DATE | EBITDA MARGIN |
|---|---|
| 2025-12-31 | 48.50% |
| 2024-12-31 | 49.54% |
| 2023-12-31 | 46.64% |
| 2022-12-31 | 35.21% |
| 2021-12-31 | 36.28% |
| 2020-12-31 | 45.26% |
| 2019-12-31 | 54.20% |
| 2018-12-31 | 34.65% |
| 2017-12-31 | 27.00% |
| 2016-12-31 | 38.80% |
| 2015-12-31 | 39.25% |
| 2014-12-31 | 33.23% |
| 2013-12-31 | 33.25% |
| 2012-12-31 | 40.84% |
| 2011-12-31 | 36.20% |
| 2010-12-31 | 33.18% |
| 2009-12-31 | 33.65% |
| 2008-12-31 | 30.90% |
| 2007-12-31 | 32.18% |
| 2006-12-31 | 32.32% |
| 2005-12-31 | 31.95% |
| 2004-12-31 | 33.38% |
| 2003-12-31 | 34.27% |
| 2002-12-31 | 33.51% |
| 2001-12-31 | 35.37% |
| 2000-12-31 | 35.39% |
| 1999-12-31 | 34.96% |
| 1998-12-31 | 39.41% |
| 1997-12-31 | 33.64% |
| 1996-12-31 | 30.21% |
Related Metrics
About The Southern Company
The Southern Company operates as an energy utility, primarily involved in the production, transmission, and distribution of electricity. Its operations are segmented into Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services. The company also undertakes the development, construction, acquisition, ownership, and management of various power generation assets, including renewable energy ventures, and supplies electricity to the wholesale market. Complementing its power business, it distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, while also offering gas marketing services, wholesale gas services, and managing gas pipeline investments. Its extensive portfolio of generating assets includes 30 hydroelectric, 24 fossil fuel, three nuclear, 13 combined cycle/cogeneration, 45 solar, 15 wind, one fuel cell, and four battery storage facilities. In terms of natural gas infrastructure, the company builds, operates, and maintains 76,289 miles of pipelines and 14 storage facilities with a total capacity of 157 billion cubic feet, delivering natural gas to residential, commercial, and industrial clients. The Southern Company serves approximately 8.7 million electric and gas utility customers in total. Furthermore, it provides digital wireless communications and fiber optics services. The company was founded in 1945 and maintains its corporate headquarters in Atlanta, Georgia.
- Sector
- Utilities
- Industry
- Regulated Electric
- CEO
- Christopher C. Womack