Southern (SO) Return on Invested Capital [ROIC] (2009 - 2026)
Southern's Return on Invested Capital [ROIC] came in at 5.14% for Q2 2026, up 0.07 percentage points from 5.06% a year earlier but down 0.39 percentage points from the prior quarter.
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Analysis
Southern (SO) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Southern's Return on Invested Capital [ROIC] was 5.79%, down 0.01 percentage points from FY2024.
- Return on Invested Capital [ROIC] carries a five-year change of +0.37 percentage points (FY2020 to FY2025).
- Going back by year, Return on Invested Capital [ROIC] was 5.80% in FY2024 (+0.34 pp), 5.45% in FY2023 (+0.56 pp), 4.90% in FY2022 (+0.94 pp) and 3.96% in FY2021 (-1.46 pp).
- The five-year range for quarterly Return on Invested Capital [ROIC] is 3.62% (Q1 2022) to 6.02% (Q3 2024).
- Year-over-year, Return on Invested Capital [ROIC] increased in four of the last eight quarters, with an average year-over-year change of +0.02 percentage points.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in Q3 2024 (a gain of 1.65 percentage points), and the weakest in Q1 2022 (a drop of 1.95 percentage points).
- Business Quant data shows SO's Return on Invested Capital [ROIC] at 5.53% (Q1 2026), 5.55% (Q4 2025) and 5.13% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 287.73 Bn | 287.73 Bn | 890.00 Mn | - |
| 2 | Nextera Energy | 160.25 Bn | 161.15 Bn | - | 4.94% |
| 3 | Southern | 96.31 Bn | 87.36 Bn | 5.92 Bn | 5.14% |
| 4 | Duke Energy | 88.79 Bn | 87.40 Bn | 6.74 Bn | 5.41% |
| 5 | National Grid | 79.16 Bn | 60.69 Bn | - | - |
| 6 | American Electric Power | 65.09 Bn | 63.47 Bn | 3.84 Bn | 5.55% |
| 7 | Dominion Energy | 53.95 Bn | 56.63 Bn | - | 3.52% |
| 8 | Sempra | 51.22 Bn | 50.35 Bn | 2.89 Bn | 3.27% |
| 9 | Entergy | 47.09 Bn | 36.28 Bn | - | 4.68% |
| 10 | Xcel Energy | 44.58 Bn | 39.49 Bn | - | 4.49% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.14% |
| Mar 31, 2026 | 5.53% |
| Dec 31, 2025 | 5.55% |
| Sep 30, 2025 | 5.13% |
| Jun 30, 2025 | 5.06% |
| Mar 31, 2025 | 5.78% |
| Dec 31, 2024 | 5.70% |
| Sep 30, 2024 | 6.02% |
| Jun 30, 2024 | 5.90% |
| Mar 31, 2024 | 5.58% |
| Dec 31, 2023 | 5.34% |
| Sep 30, 2023 | 4.37% |
| Jun 30, 2023 | 4.37% |
| Mar 31, 2023 | 4.59% |
| Dec 31, 2022 | 4.77% |
| Sep 30, 2022 | 4.64% |
| Jun 30, 2022 | 4.25% |
| Mar 31, 2022 | 3.62% |
| Dec 31, 2021 | 3.85% |
| Sep 30, 2021 | 4.76% |
API Access
Southern Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=SO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=SO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();