Southern Company (SO)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 5,825,000 | 4,756,000 | 4,839,000 | 5,204,000 | 5,370,000 | 4,901,000 | 4,431,000 | 3,484,000 | 3,698,000 | 4,758,000 | 4,870,000 | 5,220,000 | 4,885,000 | 4,846,000 | 5,024,000 | 5,308,000 | 7,736,000 | 7,624,000 | 7,785,000 | 6,506,000 |
| 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 |
| Operating profit margin | 23.07% | 18.11% | 17.50% | 17.88% | 18.34% | 17.50% | 17.14% | 14.61% | 16.00% | 21.18% | 22.29% | 24.55% | 23.98% | 24.02% | 24.45% | 25.25% | 36.12% | 34.91% | 35.38% | 28.87% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $5,825,000K ÷ $25,253,000K
= 23.07%
The operating profit margin of Southern Company has shown somewhat fluctuating trends over the past eight quarters. In Q4 2023, the operating profit margin was 22.80%, representing a slight increase compared to the previous quarter's margin of 20.27% in Q3 2023. Despite this recent uptick, the margin remains generally within the range of around 18-22% over the past two years.
The company experienced the highest operating profit margin in Q2 2022 at 21.44%, while the lowest margin was recorded in Q2 2023 at 18.64%. This indicates some variability in the company's ability to generate profits from its operations.
Overall, Southern Company has demonstrated relatively stable operating profitability, with margins consistently above 18% in each quarter. It will be important to monitor future trends in the operating profit margin to assess the company's efficiency in converting revenue into operating profits.
Peer comparison
Dec 31, 2023