Southern Company (SO) — Cash Flow Quality Index
Southern Company (SO) has a Cash Flow Quality Index of 2.21x as of September 2025. Operating cash flow of $3.77 Billion exceeds net income of $1.71 Billion, indicating high earnings quality where cash backs reported profits. Explore Southern Company cash flow conversion to assess how effectively this company generates cash.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Southern Company Cash Flow Quality Index (1994–2024)
Historical Cash Flow Quality Index for Southern Company across 31 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check SO cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Annual Cash Flow Quality Index for Southern Company (1994–2024)
Year-by-year earnings quality comparison for Southern Company. For live market cap and the full company financial profile, see SO market cap overview.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2024 | 2.30x | $9.79 Billion | $4.26 Billion | ▲ +21.0% |
| 2023 | 1.90x | $7.55 Billion | $3.98 Billion | ▲ +3.3% |
| 2022 | 1.84x | $6.30 Billion | $3.43 Billion | ▼ -31.2% |
| 2021 | 2.67x | $6.17 Billion | $2.31 Billion | ▲ +23.8% |
| 2020 | 2.16x | $6.70 Billion | $3.10 Billion | ▲ +77.1% |
| 2019 | 1.22x | $5.78 Billion | $4.74 Billion | ▼ -59.6% |
| 2018 | 3.02x | $6.95 Billion | $2.30 Billion | ▼ -56.3% |
| 2017 | 6.91x | $6.39 Billion | $926.00 Million | ▲ +256.9% |
| 2016 | 1.94x | $4.89 Billion | $2.53 Billion | ▼ -24.9% |
| 2015 | 2.58x | $6.27 Billion | $2.44 Billion | ▼ -10.0% |
| 2014 | 2.86x | $5.82 Billion | $2.03 Billion | ▼ -19.7% |
| 2013 | 3.57x | $6.10 Billion | $1.71 Billion | ▲ +75.8% |
| 2012 | 2.03x | $4.90 Billion | $2.42 Billion | ▼ -22.1% |
| 2011 | 2.60x | $5.90 Billion | $2.27 Billion | ▲ +33.0% |
| 2010 | 1.96x | $3.99 Billion | $2.04 Billion | ▲ +2.4% |
| 2009 | 1.91x | $3.26 Billion | $1.71 Billion | ▼ -2.1% |
| 2008 | 1.95x | $3.40 Billion | $1.74 Billion | ▼ -0.4% |
| 2007 | 1.96x | $3.40 Billion | $1.73 Billion | ▲ +9.2% |
| 2006 | 1.79x | $2.82 Billion | $1.57 Billion | ▲ +12.7% |
| 2005 | 1.59x | $2.53 Billion | $1.59 Billion | ▼ -9.5% |
| 2004 | 1.76x | $2.69 Billion | $1.53 Billion | ▼ -15.5% |
| 2003 | 2.08x | $3.07 Billion | $1.47 Billion | ▼ -3.2% |
| 2002 | 2.15x | $2.83 Billion | $1.32 Billion | ▲ +13.7% |
| 2001 | 1.89x | $2.38 Billion | $1.26 Billion | ▼ -12.0% |
| 2000 | 2.15x | $2.82 Billion | $1.31 Billion | ▲ +0.6% |
| 1999 | 2.13x | $2.72 Billion | $1.28 Billion | ▼ -24.1% |
| 1998 | 2.81x | $2.75 Billion | $977.00 Million | ▲ +4.1% |
| 1997 | 2.70x | $2.62 Billion | $972.00 Million | ▲ +26.8% |
| 1996 | 2.13x | $2.40 Billion | $1.13 Billion | ▲ +1.5% |
| 1995 | 2.10x | $2.31 Billion | $1.10 Billion | ▼ -1.7% |
| 1994 | 2.13x | $2.11 Billion | $989.00 Million | — |