Southern Company (SO)
Net profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 3,977,000 | 2,884,000 | 2,934,000 | 3,203,000 | 3,373,000 | 3,627,000 | 3,256,000 | 2,521,000 | 2,625,000 | 3,011,000 | 3,161,000 | 3,401,000 | 3,133,000 | 3,171,000 | 3,236,000 | 3,523,000 | 4,739,000 | 4,577,000 | 4,425,000 | 3,372,000 |
| Revenue (ttm) | US$ in thousands | 25,253,000 | 26,255,000 | 27,653,000 | 29,111,000 | 29,279,000 | 27,999,000 | 25,859,000 | 23,851,000 | 23,113,000 | 22,463,000 | 21,845,000 | 21,267,000 | 20,375,000 | 20,172,000 | 20,547,000 | 21,025,000 | 21,419,000 | 21,842,000 | 22,006,000 | 22,535,000 |
| Net profit margin | 15.75% | 10.98% | 10.61% | 11.00% | 11.52% | 12.95% | 12.59% | 10.57% | 11.36% | 13.40% | 14.47% | 15.99% | 15.38% | 15.72% | 15.75% | 16.76% | 22.13% | 20.96% | 20.11% | 14.96% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $3,977,000K ÷ $25,253,000K
= 15.75%
The net profit margin of Southern Company has shown some variability over the past eight quarters. In Q4 2023, the net profit margin was 15.74%, representing the highest profitability during this period. This was an increase compared to the previous quarter, Q3 2023, where the net profit margin was 11.56%.
Looking further back, Q2 and Q1 2023 had net profit margins of 11.16% and 11.52% respectively, indicating relatively consistent profitability levels. Comparing these values to the corresponding quarters in 2022, there was a slight improvement in profitability in Q2 and Q1 2023.
In Q4 2022, the net profit margin was 12.04%, slightly lower than Q3 2022 at 12.13%. However, the profitability in Q4 2022 was higher than Q2 2022 and Q1 2022, which reported net profit margins of 11.70% and 9.60% respectively.
Overall, despite some fluctuations, Southern Company has generally maintained a positive net profit margin above 10% over the observed period, with Q4 2023 showcasing the highest profitability. This suggests that the company has been effective in managing its costs and generating profits relative to its revenues.
Peer comparison
Dec 31, 2023