Southern (SO) Gross Margin (2015 - 2026)
Southern's Gross Margin was 84.89% in Q2 2026, up 0.90 percentage points from 84.00% a year earlier and up 2.65 percentage points from the prior quarter.
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Analysis
Southern (SO) Gross Margin (2015 - 2026) Analysis & Trends
On a trailing twelve-month basis, Southern's Gross Margin was 83.32% through Jun 30, 2026, down 0.90 percentage points year-over-year; for FY2025, it was 83.43%, down 1.24 percentage points from FY2024.
- Gross Margin shows a five-year change of -2.01 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 84.67% in FY2024 (+1.96 pp), 82.71% in FY2023 (+6.06 pp), 76.66% in FY2022 (-5.99 pp) and 82.65% in FY2021 (-2.79 pp).
- The Q2 2026 figure marks the highest quarterly Gross Margin since Q4 2024.
- Compared with a year earlier, Gross Margin was higher in three of the last eight quarters, with an average year-over-year change of +0.06 percentage points.
- The best year-over-year quarter for Gross Margin over five years was Q4 2021 (a gain of 59.59 percentage points); the worst was Q4 2023 (a drop of 42.10 percentage points).
- Per Business Quant data, SO's Gross Margin in the three quarters before Q2 2026 was 82.24% (Q1 2026), 83.61% (Q4 2025) and 82.81% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nextera Energy | 172.18 Bn | 170.30 Bn | - | - |
| 2 | Southern | 106.86 Bn | 97.91 Bn | 5.92 Bn | 84.89% |
| 3 | Duke Energy | 97.23 Bn | 95.83 Bn | 6.74 Bn | 73.41% |
| 4 | National Grid | 85.13 Bn | 57.46 Bn | - | - |
| 5 | American Electric Power | 70.60 Bn | 68.98 Bn | 3.84 Bn | 70.56% |
| 6 | Dominion Energy | 57.38 Bn | 60.06 Bn | - | - |
| 7 | Sempra | 54.97 Bn | 54.10 Bn | 2.89 Bn | 96.40% |
| 8 | Entergy | 50.09 Bn | 39.27 Bn | - | - |
| 9 | Xcel Energy | 48.73 Bn | 43.64 Bn | - | - |
| 10 | Exelon | 45.85 Bn | 41.17 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 84.89% |
| Mar 31, 2026 | 82.24% |
| Dec 31, 2025 | 83.61% |
| Sep 30, 2025 | 82.81% |
| Jun 30, 2025 | 84.00% |
| Mar 31, 2025 | 83.38% |
| Dec 31, 2024 | 85.46% |
| Sep 30, 2024 | 84.25% |
| Jun 30, 2024 | 84.03% |
| Mar 31, 2024 | 85.01% |
| Dec 31, 2023 | 83.64% |
| Sep 30, 2023 | 80.42% |
| Jun 30, 2023 | 83.32% |
| Mar 31, 2023 | 83.80% |
| Dec 31, 2022 | 125.74% |
| Sep 30, 2022 | 58.77% |
| Jun 30, 2022 | 62.68% |
| Mar 31, 2022 | 62.29% |
| Dec 31, 2021 | 114.39% |
| Sep 30, 2021 | 72.39% |
API Access
Southern Gross 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=gross-margin&ticker=SO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=SO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();