Southern (SO) Invested Capital (2009 - 2026)
Southern's Invested Capital came in at $133.48 billion for Q2 2026, up 9.4% from $121.96 billion a year earlier and up 16.6% from the prior quarter.
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Analysis
Southern (SO) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Southern's Invested Capital was $108.61 billion, up 7.0% from FY2024.
- Invested Capital has increased in each of the last seven years, with a five-year compound annual growth rate of 5.9% (FY2020 to FY2025).
- Going back by year, Invested Capital was $101.5 billion in FY2024 (+4.4%), $97.23 billion in FY2023 (+5.6%), $92.08 billion in FY2022 (+7.1%) and $85.99 billion in FY2021 (+5.6%).
- The Q2 2026 figure represents the highest quarterly Invested Capital in data going back to Q2 2009.
- Year-over-year, Invested Capital has increased for 28 consecutive quarters, with growth averaging 9.0% over the last eight quarters.
- Over the past five years, the year-over-year growth in Invested Capital ranged from 2.8% (Q1 2022) to 21.8% (Q2 2025).
- Business Quant data shows SO's Invested Capital at $114.43 billion (Q1 2026), $108.61 billion (Q4 2025) and $110.58 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Nextera Energy | 172.18 Bn | 170.30 Bn | - | 183.08 Bn |
| 2 | Southern | 106.86 Bn | 97.91 Bn | 5.92 Bn | 117.92 Bn |
| 3 | Duke Energy | 97.23 Bn | 95.83 Bn | 6.74 Bn | 146.72 Bn |
| 4 | National Grid | 85.13 Bn | 57.46 Bn | - | 113.40 Bn |
| 5 | American Electric Power | 70.60 Bn | 68.98 Bn | 3.84 Bn | 86.13 Bn |
| 6 | Dominion Energy | 57.38 Bn | 60.06 Bn | - | 87.04 Bn |
| 7 | Sempra | 54.97 Bn | 54.10 Bn | 2.89 Bn | 76.66 Bn |
| 8 | Entergy | 50.09 Bn | 39.27 Bn | - | 52.95 Bn |
| 9 | Xcel Energy | 48.73 Bn | 43.64 Bn | - | 63.51 Bn |
| 10 | Exelon | 45.85 Bn | 41.17 Bn | - | 81.98 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 117.92 Bn |
| Mar 31, 2026 | 131.11 Bn |
| Dec 31, 2025 | 111.46 Bn |
| Sep 30, 2025 | 110.58 Bn |
| Jun 30, 2025 | 106.68 Bn |
| Mar 31, 2025 | 105.33 Bn |
| Dec 31, 2024 | 101.50 Bn |
| Sep 30, 2024 | 100.52 Bn |
| Jun 30, 2024 | 100.13 Bn |
| Mar 31, 2024 | 99.38 Bn |
| Dec 31, 2023 | 97.23 Bn |
| Sep 30, 2023 | 96.11 Bn |
| Jun 30, 2023 | 95.49 Bn |
| Mar 31, 2023 | 93.54 Bn |
| Dec 31, 2022 | 92.08 Bn |
| Sep 30, 2022 | 90.54 Bn |
| Jun 30, 2022 | 87.78 Bn |
| Mar 31, 2022 | 86.79 Bn |
| Dec 31, 2021 | 85.99 Bn |
| Sep 30, 2021 | 86.06 Bn |
API Access
Southern Invested Capital 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=invested-capital&ticker=SO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=SO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();