FINHUB Insights

SO · Q1 FY25 · Jan 1 – Mar 31, 2025

Southern Q1 FY25: where the revenue came from and where it went

Southern Q1 FY25: revenue $7.8B (+17% year over year). Net profit $1.3B. Largest cohort Residential $2.1B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jan 1 – Mar 31, 2025
Reported
May 1, 2025 10-Q
Sankey diagram of Southern's income statement for Q1 FY25: revenue of $7.8 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$7.8B +17% year over year
Gross profit$7.6B 97% margin
Operating profit$2B 26% margin
Net profit$1.3B 17% margin

The numbers

All figures in billions of U.S. dollars, for Q1 FY25 (period ends Mar 31, 2025).
ItemValueShare of revenueYear over year
Revenue 7.8 100% +17%
Residential 2.1 27%
Commercial 1.6 21%
Natural gas distribution 1.6 21%
Other 0.7 9%
Wholesale electric 0.6 8%
Other revenues 0.5 6%
PPA energy revenues 0.4 5%
Other natural gas revenues 0.3 4%
Cost of revenue−0.23%
Gross profit7.697% margin−1pp
Operating expenses−5.672%+0pp
Operating profit226% margin+0pp
Tax−0.3
Interest & other costs−0.4
Net profit1.317%+1pp
Filing on EDGAR More quarters of SO

Source of the numbers: tables in the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters