Using the latest TTM figures, Southern shows a gross margin of 43.2%, an operating margin of 24.7%, an EBITDA margin of 49.6%, and a net margin of 16%. Margin expansion was strongest in net margin, which increased by 0.6 percentage points. Operating margin had the strongest contraction, declining by 1 percentage points.
SO margin history
Over the last 3 years, Southern recorded average margins of 43.37% gross, 25.3% operating, 49.32% EBITDA, and 16% net. Southern's current performance shows that EBITDA margin is above its three-year average and gross and operating margins are below their three-year averages.
SO margin expansion
Southern's EBITDA margin expanded by 0.1 percentage points and net margin by 0.6 percentage points, but gross margin contracted by 0.6 percentage points and operating margin by 1 percentage point.
SO Gross margin
The average gross margin for Southern was 43.37% over the last 3 years. Currently, the current gross margin for Southern is 43.2%, 0.2 percentage points below its three-year average. The gross margin for Southern moved between 41% in Dec 2023 and 44.5% in Sep 2024.
SO Operating margin
Southern's operating margin averaged 25.3% over the last 3 years. Compared with its three-year average, Southern's current operating margin is 24.7% and is 0.6 percentage points below its three-year average. Over the last 3 years, Southern's operating margin peaked at 27.3% in Sep 2024 and reached a low of 23.1% in Dec 2023.
SO EBITDA margin
Southern's EBITDA margin averaged 49.32% across the past 3 years. The current EBITDA margin of 49.6% is 0.3 percentage points above its three-year average. Over the last 3 years, Southern's EBITDA margin peaked at 51.1% in Sep 2024 and reached a low of 47.1% in Dec 2023.
SO Net margin
Southern's net margin averaged 16% during the last 3 years. Compared with its three-year average, Southern's current net margin is 16% and is in line with its three-year average. Over the last 3 years, Southern's net margin peaked at 17.9% in Sep 2024 and reached a low of 14.5% in Mar 2026.
SO margin group comparison
Southern's gross margin of 43.2% is higher than the Utilities sector, the industry and its peers average. But in comparison with the Utilities sector average of 42.7%, Southern's gross margin is only 1.2% higher.
SO margin peer comparison
Frequently asked questions
What is Southern's gross margin?
The current gross margin for SO is 43.2% as of Sep 30, 2026.
What is Southern's operating margin?
As of Sep 30, 2026, SO has an operating margin of 24.7%.
What is Southern's EBITDA margin?
As of Sep 30, 2026, SO has an EBITDA margin of 49.6%.
What is Southern's net margin?
For the period ending Sep 30, 2026, SO recorded a net margin of 16%.
What are the average margins of SO?
Over the last 3 years, Southern's margins averaged 43.4% gross, 25.3% operating, 49.3% EBITDA, and 16.0% net.
What are the highest historical margins of SO?
Southern's highest recorded margins during the past 5 years were 44.5% gross in Sep 2024, 27.3% operating in Sep 2024, 51.1% EBITDA in Sep 2024, and 17.9% net in Sep 2024.
What are the lowest historical margins of SO?
Over the last 5 years, Southern's lowest margins were 31.5% gross in Dec 2022, 14.7% operating in Mar 2022, 35.2% EBITDA in Mar 2022, and 9.7% net in Mar 2022.