The Southern Company
The Southern Company, through its subsidiaries, engages in the sale of electricity. The company offers electric service to retail customers and wholesale customers; and energy-related products and services to natural gas choice markets. It also develops, constructs, acquires, owns, operates, and manages power generation assets, as well as battery energy storage projects; sells electricity at mark… Read more
The Southern Company (SOMN) - Net Assets
Latest net assets as of December 2025: $38.87 Billion USD
Based on the latest financial reports, The Southern Company (SOMN) has net assets worth $38.87 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($155.72 Billion) and total liabilities ($116.85 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $38.87 Billion |
| % of Total Assets | 24.96% |
| Annual Growth Rate | 4.52% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 1.65 |
The Southern Company - Net Assets Trend (2021–2025)
This chart illustrates how The Southern Company's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for The Southern Company (2021–2025)
The table below shows the annual net assets of The Southern Company from 2021 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $38.87 Billion | +5.98% |
| 2024-12-31 | $36.67 Billion | +4.11% |
| 2023-12-31 | $35.23 Billion | +2.01% |
| 2022-12-31 | $34.53 Billion | +6.03% |
| 2021-12-31 | $32.57 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to The Southern Company's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 35.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $14.86 Billion | 41.25% |
| Other Components | $21.16 Billion | 58.75% |
| Total Equity | $36.02 Billion | 100.00% |
The Southern Company Competitors by Market Cap
The table below lists competitors of The Southern Company ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Realty Income Corporation
NYSE:O
|
$58.83 Billion |
|
VERTIV HOL.CL A DL-0001
F:49V
|
$59.06 Billion |
|
PACCAR Inc
NASDAQ:PCAR
|
$59.45 Billion |
|
TE Connectivity Ltd
NYSE:TEL
|
$60.00 Billion |
|
Rheinmetall AG
PINK:RNMBF
|
$58.68 Billion |
|
National Australia Bank Ltd
PINK:NAUBF
|
$58.68 Billion |
|
Canadian National Railway Company
NYSE:CNI
|
$58.49 Billion |
|
Shandong Zhongji Electrical Equipment Co Ltd
SHE:300308
|
$58.48 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The Southern Company's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 33,208,000,000 to 36,016,000,000, a change of 2,808,000,000 (8.5%).
- Net income of 4,341,000,000 contributed positively to equity growth.
- Dividend payments of 3,015,000,000 reduced retained earnings.
- New share issuances of 1,623,000,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $4.34 Billion | +12.05% |
| Dividends Paid | $3.02 Billion | -8.37% |
| Share Issuances | $1.62 Billion | +4.51% |
| Other Changes | $-141.00 Million | -0.39% |
| Total Change | $- | 8.46% |
Book Value vs Market Value Analysis
This analysis compares The Southern Company's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.63x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.99x to 1.63x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | $26.37 | $52.59 | x |
| 2022-12-31 | $28.13 | $52.59 | x |
| 2023-12-31 | $28.64 | $52.59 | x |
| 2024-12-31 | $30.13 | $52.59 | x |
| 2025-12-31 | $32.18 | $52.59 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The Southern Company utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.05%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.69%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 4.32x
- Recent ROE (12.05%) is above the historical average (11.63%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 8.55% | 10.42% | 0.18x | 4.53x | $-408.50 Million |
| 2022 | 11.63% | 12.07% | 0.22x | 4.44x | $494.20 Million |
| 2023 | 12.64% | 15.74% | 0.18x | 4.43x | $831.60 Million |
| 2024 | 13.25% | 16.47% | 0.18x | 4.37x | $1.08 Billion |
| 2025 | 12.05% | 14.69% | 0.19x | 4.32x | $739.40 Million |
Industry Comparison
This section compares The Southern Company's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $19,749,720,789
- Average return on equity (ROE) among peers: 9.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The Southern Company (SOMN) | $38.87 Billion | 8.55% | 3.01x | $58.74 Billion |
| Aboitiz Equity Ventures Inc (ABOIF) | $21.34 Billion | 14.80% | 0.79x | $1.55 Billion |
| Ameren Corp (AEE) | $4.55 Billion | 11.50% | 2.12x | $30.51 Billion |
| American Electric Power Co Inc (AEP) | $26.99 Billion | 10.99% | 2.82x | $71.56 Billion |
| Avangrid Inc (AGR) | $500.50 Million | 10.07% | 2.97x | $2.56 Billion |
| Central Puerto S.A. (CEPU) | $4.66 Billion | 28.55% | 1.05x | $2.49 Billion |
| CLP Holdings Ltd (CLPHY) | $125.97 Billion | 9.20% | 0.86x | $14.34 Billion |
| CMS Energy Corporation (CMS) | $2.46 Billion | 11.28% | 5.30x | $23.53 Billion |
| CenterPoint Energy Inc (CNP) | $8.35 Billion | -9.26% | 3.01x | $27.76 Billion |
| The Connecticut Light and Power Company (CNTHP) | $2.55 Billion | -9.96% | 3.94x | $506.99K |
| Caribbean Utilities Company Ltd (CUPUF) | $133.72 Million | 17.09% | 1.34x | $224.77 Million |