The Filing Desk

Exelon vs Southern

Exelon EXC · Southern SO · Electric Utilities

Southern reported revenue of $29.6 billion in fiscal 2025, 1.2 times Exelon's $24.3 billion in fiscal 2025. Exelon's revenue grew 5.3% in its latest year, and Southern's grew 10.6%. Exelon had an operating margin of 21.2%, against 24.6% at Southern. Free cash flow was −$2.3 billion at Exelon and −$2.9 billion at Southern.

Side by side

ExelonSouthern
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$24.3B$29.6B
Revenue growth5.3%10.6%
Revenue growth a year, last 5 years7.8%7.7%
Gross margin——
Operating margin21.2%24.6%
Net margin11.4%14.7%
Free cash flow−$2.3B−$2.9B
Free cash flow margin−9.4%−9.9%
Return on capital5.7%5.8%
Net debt to EBITDA5.6x5.3x
Dividends and buybacks$1.6B$3.0B
Change in diluted share count0.9%0.6%
Last close$44.54$92.57
P/E at the last close16.3×23.7×
Insider trades, last 12 months—sold $5.6 million
Piotroski F-score5 of 84 of 8
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
ExelonSouthern
Operating margin
Percent of revenue
ExelonSouthern
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
ExelonSouthern

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Exelon and Southern pages.