Southern Company (SO)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 5,229,000 | 4,345,000 | 4,223,000 | 2,576,000 | 3,496,000 |
| Revenue | US$ in thousands | 26,724,000 | 25,253,000 | 29,279,000 | 23,113,000 | 20,375,000 |
| Pretax margin | 19.57% | 17.21% | 14.42% | 11.15% | 17.16% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $5,229,000K ÷ $26,724,000K
= 19.57%
The pretax margin of Southern Company has exhibited some fluctuations over the past five years. It stood at 17.16% as of December 31, 2020, declining to 11.15% by December 31, 2021. Subsequently, there was a rebound to 14.42% by the end of 2022, followed by a further increase to 17.21% by the end of 2023. Most recently, the pretax margin rose to 19.57% as of December 31, 2024. These changes indicate varying levels of profitability before accounting for taxes, suggestive of potential shifts in operational efficiency, cost management, and revenue generation within Southern Company's business operations.
Peer comparison
Dec 31, 2024