TTM
24.1%
YoY change
−1.84pp
Trough year (2017)
10.1%
Peak year (1985)
100.0%
Latest annual
24.6%
Operating Margin history chart for Southern Company (SO) from 1985 to 2025
Latest: 24.6%
Operating Margin change chart for Southern Company (SO) from 1985 to 2025
Latest: −1.84pp
Operating Margin history table for Southern Company (SO) from 1985 to 2025
| 2025 | 24.6% | -1.84pp | ||
| 2024 | 26.4% | +3.38pp | ||
| 2023 | 23.1% | +4.73pp | ||
| 2022 | 18.3% | +2.34pp | ||
| 2021 | 16.0% | -7.98pp | ||
| 2020 | 24.0% | -12.14pp | ||
| 2019 | 36.1% | +18.28pp | ||
| 2018 | 17.8% | +7.71pp | ||
| 2017 | 10.1% | -12.42pp | ||
| 2016 | 22.5% | -1.94pp | ||
| 2015 | 24.5% | +4.76pp | ||
| 2014 | 19.7% | +0.67pp | ||
| 2013 | 19.0% | -7.94pp | ||
| 2012 | 27.0% | +3.03pp | ||
| 2011 | 24.0% | +2.18pp | ||
| 2010 | 21.8% | -0.26pp | ||
| 2009 | 22.0% | +1.57pp | ||
| 2008 | 20.5% | -1.19pp | ||
| 2007 | 21.7% | -0.79pp | ||
| 2006 | 22.5% | +0.60pp | ||
| 2005 | 21.9% | -2.20pp | ||
| 2004 | 24.1% | -1.02pp | ||
| 2003 | 25.1% | +0.52pp | ||
| 2002 | 24.6% | +1.01pp | ||
| 2001 | 23.5% | -0.35pp | ||
| 2000 | 23.9% | -0.27pp | ||
| 1999 | 24.2% | +0.17pp | ||
| 1998 | 24.0% | +2.86pp | ||
| 1997 | 21.1% | -3.98pp | ||
| 1996 | 25.1% | -4.20pp | ||
| 1995 | 29.3% | +0.07pp | ||
| 1994 | 29.2% | -70.76pp | ||
| 1993 | 100.0% | 0.00pp | ||
| 1992 | 100.0% | 0.00pp | ||
| 1991 | 100.0% | 0.00pp | ||
| 1990 | 100.0% | 0.00pp | ||
| 1989 | 100.0% | 0.00pp | ||
| 1988 | 100.0% | 0.00pp | ||
| 1987 | 100.0% | 0.00pp | ||
| 1986 | 100.0% | 0.00pp | ||
| 1985 | 100.0% | — |
- 202524.6%-1.84pp
- 202426.4%+3.38pp
- 202323.1%+4.73pp
- 202218.3%+2.34pp
- 202116.0%-7.98pp
- 202024.0%-12.14pp
- 201936.1%+18.28pp
- 201817.8%+7.71pp
- 201710.1%-12.42pp
- 201622.5%-1.94pp
- 201524.5%+4.76pp
- 201419.7%+0.67pp
- 201319.0%-7.94pp
- 201227.0%+3.03pp
- 201124.0%+2.18pp
- 201021.8%-0.26pp
- 200922.0%+1.57pp
- 200820.5%-1.19pp
- 200721.7%-0.79pp
- 200622.5%+0.60pp
- 200521.9%-2.20pp
- 200424.1%-1.02pp
- 200325.1%+0.52pp
- 200224.6%+1.01pp
- 200123.5%-0.35pp
- 200023.9%-0.27pp
- 199924.2%+0.17pp
- 199824.0%+2.86pp
- 199721.1%-3.98pp
- 199625.1%-4.20pp
- 199529.3%+0.07pp
- 199429.2%-70.76pp
- 1993100.0%0.00pp
- 1992100.0%0.00pp
- 1991100.0%0.00pp
- 1990100.0%0.00pp
- 1989100.0%0.00pp
- 1988100.0%0.00pp
- 1987100.0%0.00pp
- 1986100.0%0.00pp
- 1985100.0%—
Operating Margin values are taken from Southern Company's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at Southern Company (SO)
According to Southern Company's latest reported financial statements, the company's latest reported operating margin is 24.1%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, Southern Company (SO) reported operating margin of 24.60% – contracted 1.8 percentage points year-over-year.
100.00% stands as the all-time-high annual operating margin, posted in 1985, against a low of 10.13% during 2017.
Southern Company Operating Margin by Year
Southern Company Operating Margin 2025: 24.6%
Southern Company operating margin in 2025 was 24.60%, contracted 1.8 percentage points from 2024.
Southern Company Operating Margin 2024: 26.4%
2024's operating margin for Southern Company came in at 26.45%, expanded 3.4 percentage points from 2023.
Southern Company Operating Margin 2023: 23.1%
Southern Company posted operating margin of 23.07% in 2023, expanded 4.7 percentage points from 2022.
Southern Company Operating Margin 2022: 18.3%
In 2022, Southern Company reported operating margin of 18.34%, expanded 2.3 percentage points from 2021.
Southern Company Operating Margin 2021: 16.0%
Southern Company operating margin in 2021 was 16.00%.
See more financial history for Southern Company (SO).
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