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Southern vs NextEra Energy: SO and NEE compared
Southern is the larger company: $8.8B of revenue in its latest quarter (Q3 2026) against $8.1B for NextEra Energy (Q3 2026). Southern is growing faster (+13% against +2% a year earlier). Southern is more profitable, with an operating margin of 33.9% against 32.4%.
Where the money goes: SO and NEE
Southern (SO) · Q3 2026
Southern, Q3 2026: revenue $8.8B (+13% year over year), operating margin 33.9%, net earnings $2.0B. The chart follows the revenue to costs, profit and cash.
NextEra Energy (NEE) · Q3 2026
NextEra Energy, Q3 2026: revenue $8.1B (+2% year over year), operating margin 32.4%, net earnings $4.8B, operating cash flow $5.0B. The chart follows the revenue to costs, profit and cash.
| Southern (SO) | NextEra Energy (NEE) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $8.8B | $8.1B |
| Revenue growth, Y/Y | +13% | +2% |
| Operating margin | 33.9% | 32.4% |
| Net earnings | $2.0B | $4.8B |
| Net margin | 23.1% | 59.0% |
| Operating cash flow | — | $5.0B |
| Market value | $105.3B | $185.1B |
| P/E | 24.8× | 18.9× |
| Analysts’ mean target | $96.10 | $94.00 |
Where the revenue comes from
Southern
- Non-fuel: $5.1B (58%)
- Fuel: $1.5B (17%)
- Wholesale electric revenues: $873M (10%)
- Natural gas revenues: $773M (9%)
Questions
Which is bigger, Southern or NextEra Energy?
Southern is the larger company: $8.8B of revenue in its latest quarter (Q3 2026) against $8.1B for NextEra Energy (Q3 2026).
Is Southern or NextEra Energy growing faster?
Southern is growing faster (+13% against +2% a year earlier).
Which is more profitable, Southern or NextEra Energy?
Southern is more profitable, with an operating margin of 33.9% against 32.4%.
More: Southern earnings · how Southern makes money · NextEra Energy earnings · how NextEra Energy makes money
From the companies' latest 10-Q, 10-K or earnings release (8-K filed Nov 5, 2026; 10-Q filed Oct 21, 2026). Fiscal quarters can end on different dates. Not investment advice.