Southern (SO) EBITDA Margin (2009 - 2026)
Southern's EBITDA Margin came in at 48.33% for Q2 2026, up 2.25 percentage points from 46.08% a year earlier and up 5.48 percentage points from the prior quarter.
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Analysis
Southern (SO) EBITDA Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Southern reported EBITDA Margin of 45.23%, up 0.27 percentage points year-over-year; for FY2025, it was 45.05%, down 1.10 percentage points from FY2024.
- EBITDA Margin carries a five-year change of +1.91 percentage points (FY2020 to FY2025).
- Going back by year, EBITDA Margin was 46.15% in FY2024 (+3.34 pp), 42.81% in FY2023 (+10.59 pp), 32.22% in FY2022 (-0.97 pp) and 33.19% in FY2021 (-9.95 pp).
- The five-year range for quarterly EBITDA Margin is 12.10% (Q4 2021) to 53.16% (Q3 2025).
- Year-over-year, EBITDA Margin increased in three of the last eight quarters, with an average year-over-year change of -0.50 percentage points.
- The fastest year-over-year change in EBITDA Margin over five years came in Q4 2023 (a gain of 25.39 percentage points), and the weakest in Q4 2021 (a drop of 21.73 percentage points).
- Business Quant data shows SO's EBITDA Margin at 42.85% (Q1 2026), 36.13% (Q4 2025) and 53.16% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Wisconsin Electric Power | 99,216.00 Bn | 99,215.99 Bn | 911.30 Mn | 41.54% |
| 2 | Enel Chile | 301.57 Bn | 301.57 Bn | 1.33 Bn | 20.63% |
| 3 | Nextera Energy | 180.93 Bn | 179.04 Bn | - | 52.86% |
| 4 | Southern | 109.04 Bn | 101.70 Bn | 7.31 Bn | 52.40% |
| 5 | Duke Energy | 100.59 Bn | 99.24 Bn | 6.37 Bn | 50.27% |
| 6 | National Grid | 86.94 Bn | 59.27 Bn | - | - |
| 7 | American Electric Power | 69.61 Bn | 68.67 Bn | 4.75 Bn | 46.75% |
| 8 | Entergy | 53.37 Bn | 42.94 Bn | - | 49.53% |
| 9 | Sempra | 51.29 Bn | 84.11 Bn | - | 24.88% |
| 10 | Xcel Energy | 50.89 Bn | 44.36 Bn | - | 48.99% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 52.40% |
| Jun 30, 2026 | 48.37% |
| Mar 31, 2026 | 42.87% |
| Dec 31, 2025 | 36.13% |
| Sep 30, 2025 | 53.20% |
| Jun 30, 2025 | 46.09% |
| Mar 31, 2025 | 44.17% |
| Dec 31, 2024 | 37.98% |
| Sep 30, 2024 | 51.04% |
| Jun 30, 2024 | 50.29% |
| Mar 31, 2024 | 44.60% |
| Dec 31, 2023 | 41.26% |
| Sep 30, 2023 | 48.35% |
| Jun 30, 2023 | 43.37% |
| Mar 31, 2023 | 37.84% |
| Dec 31, 2022 | 15.86% |
| Sep 30, 2022 | 39.17% |
| Jun 30, 2022 | 36.93% |
| Mar 31, 2022 | 35.69% |
| Dec 31, 2021 | 12.10% |
API Access
Southern EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=SO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "SO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=SO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();