Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $20,375 | $23,113 | $29,279 | $25,253 | $26,724 |
| Gross Profit | $4,885 | $3,698 | $5,370 | $5,826 | $7,068 |
| Operating Income | $4,885 | $3,698 | $5,370 | $5,826 | $7,068 |
| Net Income | $3,103 | $2,309 | $3,428 | $3,849 | $4,260 |
Over the past five years, The Southern Company has experienced dynamic shifts in its income statement metrics. Revenue climbed consistently from $20,375 million in 2020 to a peak of $29,279 million in 2022, marking a robust growth of roughly 26% from 2021 to 2022. However, 2023 witnessed a notable contraction to $25,253 million—a decline of around 14% from the 2022 peak—before recovering modestly to $26,724 million in 2024. In contrast, gross profit and operating income, which mirror each other in this dataset, show a different trajectory. After registering $4,885 million in 2020 and a dip to $3,698 million in 2021, both metrics rebounded steadily, reaching $7,068 million in 2024. This suggests that while top-line revenue experienced volatility, the company’s ability to manage its cost structure improved over time. Net income exhibits a similar growth pattern with a dip in 2021 ($2,309 million) followed by a marked recovery to $4,260 million in 2024. The sharp revenue increase from 2021 to 2022—exceeding 20%—could be attributed to favorable market conditions or operational shifts, while the subsequent revenue decline in 2023 might indicate market saturation or temporary external pressures. Despite these swings, the consistent improvement in gross profit and net income margins indicates operational resilience and effective cost management. Overall, based on these metrics and in the context of the regulated utilities industry, The Southern Company appears to maintain a sound financial footing with the flexibility to adapt to market fluctuations and sustain long-term financial health.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.