Using the latest TTM figures, Southern shows a gross margin of 43.3%, an operating margin of 24.2%, an EBITDA margin of 49.4%, and a net margin of 15.4%. Margin expansion was strongest in EBITDA margin, which increased by 0.6 percentage points. Operating margin had the strongest contraction, declining by 1.2 percentage points.
SO margin history
Over the last 3 years, Southern recorded average margins of 42.76% gross, 24.75% operating, 48.51% EBITDA, and 15.63% net. Southern's current performance shows that gross and EBITDA margins are above their three-year averages and operating and net margins are below their three-year averages.
SO margin expansion
Southern's gross margin expanded by 0.2 percentage points, EBITDA margin by 0.6 percentage points, and net margin by 0.3 percentage points, but operating margin contracted by 1.2 percentage points.
SO Gross margin
The average gross margin for Southern was 42.76% over the last 3 years. Currently, the current gross margin for Southern is 43.3%, 0.5 percentage points above its three-year average. The gross margin for Southern moved between 35.9% in Sep 2023 and 44.5% in Sep 2024.
SO Operating margin
Southern's operating margin averaged 24.75% over the last 3 years. Compared with its three-year average, Southern's current operating margin is 24.2% 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 18.1% in Sep 2023.
SO EBITDA margin
Southern's EBITDA margin averaged 48.51% across the past 3 years. The current EBITDA margin of 49.4% is 0.9 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 39.9% in Sep 2023.
SO Net margin
Southern's net margin averaged 15.63% during the last 3 years. Compared with its three-year average, Southern's current net margin is 15.4% and is 0.2 percentage points below 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 11.6% in Sep 2023.
SO margin group comparison
Southern's gross margin of 43.3% is higher than the Utilities sector, the industry and its peers average. But in comparison with the Utilities sector average of 42.8%, 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 43.3% as of Jun 30, 2026.
What is Southern's operating margin?
As of Jun 30, 2026, SO has an operating margin of 24.2%.
What is Southern's EBITDA margin?
As of Jun 30, 2026, SO has an EBITDA margin of 49.4%.
What is Southern's net margin?
For the period ending Jun 30, 2026, SO recorded a net margin of 15.4%.
What are the average margins of SO?
Over the last 3 years, Southern's margins averaged 42.8% gross, 24.8% operating, 48.5% EBITDA, and 15.6% 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.