Southern (SO) Operating Margin (2009 - 2026)
Southern's Operating Margin came in at 25.46% for Q2 2026, up 0.16 percentage points from 25.30% a year earlier and up 1.42 percentage points from the prior quarter.
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Analysis
Southern (SO) Operating Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Southern reported Operating Margin of 24.21%, down 1.18 percentage points year-over-year; for FY2025, it came in at 24.65%, down 1.80 percentage points from FY2024.
- Operating Margin carries a five-year change of +0.68 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was 26.45% in FY2024 (+3.38 pp), 23.07% in FY2023 (+4.73 pp), 18.34% in FY2022 (+2.34 pp) and 16.00% in FY2021 (-7.98 pp).
- The five-year range for quarterly Operating Margin is -5.74% (Q4 2021) to 33.16% (Q3 2025).
- Year-over-year, Operating Margin increased in four of the last eight quarters, with an average year-over-year change of -1.26 percentage points.
- The fastest year-over-year change in Operating Margin over five years came in Q4 2023 (a gain of 18.01 percentage points), and the weakest in Q4 2021 (a drop of 19.99 percentage points).
- Business Quant data shows SO's Operating Margin at 24.03% (Q1 2026), 13.14% (Q4 2025) and 33.16% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Wisconsin Electric Power | 99,216.00 Bn | 99,215.99 Bn | 911.30 Mn | 29.10% |
| 2 | Enel Chile | 301.57 Bn | 301.57 Bn | 1.33 Bn | 29.34% |
| 3 | Nextera Energy | 180.93 Bn | 179.04 Bn | - | 32.44% |
| 4 | Southern | 109.04 Bn | 101.70 Bn | 7.31 Bn | 33.93% |
| 5 | Duke Energy | 100.59 Bn | 99.24 Bn | 6.37 Bn | 30.17% |
| 6 | National Grid | 86.94 Bn | 59.27 Bn | - | - |
| 7 | American Electric Power | 69.61 Bn | 68.67 Bn | 4.75 Bn | 26.52% |
| 8 | Entergy | 53.37 Bn | 42.94 Bn | - | 33.93% |
| 9 | Sempra | 51.29 Bn | 84.11 Bn | - | - |
| 10 | Xcel Energy | 50.89 Bn | 44.36 Bn | - | 28.55% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 33.93% |
| Jun 30, 2026 | 25.46% |
| Mar 31, 2026 | 24.03% |
| Dec 31, 2025 | 13.14% |
| Sep 30, 2025 | 33.16% |
| Jun 30, 2025 | 25.30% |
| Mar 31, 2025 | 25.85% |
| Dec 31, 2024 | 16.69% |
| Sep 30, 2024 | 32.55% |
| Jun 30, 2024 | 30.00% |
| Mar 31, 2024 | 25.62% |
| Dec 31, 2023 | 19.97% |
| Sep 30, 2023 | 30.23% |
| Jun 30, 2023 | 22.44% |
| Mar 31, 2023 | 18.80% |
| Dec 31, 2022 | 1.96% |
| Sep 30, 2022 | 26.18% |
| Jun 30, 2022 | 22.97% |
| Mar 31, 2022 | 20.82% |
| Dec 31, 2021 | -5.74% |
API Access
Southern Operating 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=operating-margin&ticker=SO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=SO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();