SO · CIK 0000092122 · FY2025 live · 2025-12-31
SOUTHERN CO
View as
Model
Z″
FY2025
0.70
Zone
Distress
Prior
—
Market DD
—
1y PD
—
0.70
Classic Z 0.62
Z″ 0.70 · distress below 1.10, grey to 2.60, safe above.
Z″ factor contributions
X1 Working capital / assets
Short-term liquidity. Carries more weight in Z″ than in classic Z.
−0.046.56 × = −0.25X2 Retained earnings / assets
Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.
0.103.26 × = 0.31X3 EBIT / assets
Operating return on assets. Highest weight in Z″.
0.056.72 × = 0.31X4 Book equity / liabilities
Book equity versus the liability stack. Sales / assets is omitted so asset-light names keep turnover from dragging the score.
0.311.05 × = 0.32
Five-year path
Need two annual 10-Ks to draw a path. The desk will pull this issuer’s filings.
Meridian Rank
49.27
0–100 · Z″ family
Book standing
43
Year change
—
Market PD
—
O-score
66
Events on this name
Same published rows as Today.
No published events on this print.
Overview
rule-v1
SOUTHERN CO is on Z″ at 0.70 (distress) for FY2025, from an SEC 10-K. Book equity / liabilities is the line that sets the print. This is the first live year on the desk. No market tape loaded. Z″ omits sales/assets so asset-light names keep turnover from dragging the score. X4 is book equity on every name.
Book screen Distress; market PD —. Market PD has not been priced on this name.
Market DD · naive Merton
No market tape yet.
Pull a year of closes (Yahoo, Nasdaq if Yahoo is limited) and size equity from Nasdaq cap or EDGAR shares. Distance-to-default and 1-year PD stay blank until then.
Sector peers
Closest Z″ scores · 40th percentile in Utilities.
- CNPDistressCENTERPOINT ENERGY INC0.70
- EVRGDistressEvergy, Inc.0.68
- EPDDistressENTERPRISE PRODUCTS PARTNERS L.P.0.67
- CWENDistressClearway Energy, Inc.0.73
- AEPDistressAMERICAN ELECTRIC POWER CO INC0.73
- PNWDistressPINNACLE WEST CAPITAL CORP0.66
- KMIDistressKINDER MORGAN, INC.0.65
- TXNMDistressTXNM ENERGY INC0.65
Filing line items
Current assets
$10.9B
Total assets
$155.7B
Current liabilities
$16.9B
Total liabilities
$116.9B
Working capital
−$6.0B
Retained earnings
$14.9B
EBIT
$7.3B
Total sales
$29.6B
Book equity
$36.0B
Accession 0000092122-26-000006. Live rank is the latest 10-K on EDGAR (FY2025, period 2025-12-31). Z″ is the live score. View as is a display overlay. X4 is book equity. Pulled 13 Sept 2026.