Southern CoWBO:SOUT +1.49%60 Net Margin % is 16.15% as of Mar. 2026, which is 19% above its 10-year median of 13.61. GuruFocus rates WBO:SOUT with a GF Score™ of 60/100 and a GF Value™ of €82.47 (Fairly Valued). The stock has 12 warning signs investors should review. Among 501 Utilities - Regulated companies, Southern Co ranks better than 73.65% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Southern Co's Net Income for the
three
months ended in Mar. 2026 was €1,173 Mil. Southern Co's Revenue for the
three
months ended in Mar. 2026 was €7,263 Mil. Therefore, Southern Co's net margin for the quarter that ended in Mar. 2026 was 16.15%.
The historical rank and industry rank for Southern Co's Net Margin % or its related term are showing as below:
WBO:SOUT'
s Net Margin % Range Over the Past 10 Years
Min: 3.82 Med: 13.61 Max: 22.2
Current: 14.46
WBO:SOUT's Net Margin % is ranked better than 73.65% of 501
companies
in the Utilities - Regulated industry
Industry Median: 8.8
vs WBO:SOUT: 14.46
Southern Co (WBO:SOUT) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Southern Co Net Margin % Related Terms
Southern Co Net Margin % Historical Data
* Premium members only.
The historical data trend for Southern Co's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Utilities - Regulated Electric subindustry, Southern Co's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Southern Co Net Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Southern Co's Net Margin % distribution charts can be found below:
* The bar in red indicates where Southern Co's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Southern Co (WBO:SOUT) has a Net Margin % of 16.15% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Southern Co and its competitors. This is 19% above median its historical median of 13.61. Over the past decade, Southern Co's Net Margin % has ranged from 3.82 to 22.20. According to the industry distribution chart, Southern Co ranks #132 out of 501 companies in the Utilities - Regulated industry, placing it in the top 26.3%.
Is Southern Co's Net Margin % too high?
Southern Co's current Net Margin % of 16.15% is 19% above median its 10-year median of 13.61. Over the past 10 years, this metric has ranged from a low of 3.82 to a high of 22.20. The Utilities - Regulated industry median Net Margin % is 8.80. Southern Co's value of 16.15% is 83.5% above this industry median. Based on the distribution chart, Southern Co ranks #132 out of 501 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Southern Co has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Southern Co's Net Margin % compare to DUK and AEP?
According to the Utilities - Regulated industry distribution chart, Southern Co ranks #132 out of 501 companies for Net Margin %. This puts Southern Co in the upper half of its industry. The industry median Net Margin % is 8.80. Southern Co's value of 16.15% is 83.5% above this benchmark. Historically, Southern Co's own Net Margin % has ranged from 3.82 to 22.20 over the past decade. While the company's 10-year median is 13.61 vs. the industry median of 8.80, Southern Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for an Utilities - Regulated company?
The median Net Margin % among Utilities - Regulated companies is 8.80, based on 501 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Southern Co's current Net Margin % of 16.15% is 83.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Southern Co and its competitors. For the Utilities - Regulated industry, the median Net Margin % is 8.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Southern Co's current Net Margin % is 16.15%, which is 19% above median its own 10-year median of 13.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Southern Co stock overvalued right now?
Based on GuruFocus' analysis, Southern Co (WBO:SOUT) is currently considered Fairly Valued. The stock's GF Value™ is €82.47, compared to a current price of €83.16 — trading 0.8% above its estimated fair value. The current Net Margin % is 16.15%, which is 19% above median its 10-year median of 13.61 and 83.5% above the Utilities - Regulated industry median of 8.80. Southern Co's overall GF Score™ is 60/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Southern Co (WBO:SOUT), the current Net Margin % is 16.15% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Southern Co (WBO:SOUT) Overvalued in 2026?
Based on GuruFocus' analysis, Southern Co stock appears to be overvalued.
The current stock price of €83.16 is trading 0.8% above its estimated GF Value™ of €82.47.
GuruFocus considers Southern Co to be Fairly Valued.
Key valuation signals for WBO:SOUT:
Net Margin %: 16.15% (19% above median its 10-year median of 13.61)
GF Value™: €82.47 vs. price of €83.16 (0.8% above fair value)
Industry Position: 83.5% above the Utilities - Regulated median (#132 of 501)
No single metric tells the full story. See the WBO:SOUT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Southern is one of the largest utilities in the US. The company serves 9 million customers with vertically integrated electric utilities in three states and natural gas distribution utilities in four states. It owns 46 gigawatts of rate-regulated generating capacity, primarily for serving customers in Georgia, Alabama, and Mississippi. Subsidiary Southern Power owns 13 gigawatts of natural gas generation and renewable energy across the US and sells the electricity primarily under long-term contracts.
60GF Score
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