SO FCF Yield: current value, 10-year range and year-by-year history
Cash & Leverage
SO's fcf yield is higher than 95% of the last 10 years.
FCF Yield History
SO FCF Yield by year
Yearly range of SO’s fcf yield from 2016 to 2026. Over the full period it ranged from -5.7% to 2.6%, averaging -2.0%.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | -3.8% | -1.7% | 2.6% | 2.6% |
| 2025 | -3.4% | -0.7% | 0.6% | -3.4% |
| 2024 | -2.1% | -0.9% | 0.6% | 0.6% |
| 2023 | -4.2% | -3.1% | -2.1% | -2.5% |
| 2022 | -2.1% | -1.1% | -0.3% | -1.8% |
| 2021 | -1.5% | -1.1% | -0.7% | -1.5% |
| 2020 | -3.9% | -2.4% | -1.2% | -1.2% |
| 2019 | -3.2% | -2.4% | -1.9% | -2.6% |
| 2018 | -2.8% | -2.1% | -1.5% | -2.3% |
| 2017 | -5.1% | -3.7% | -2.6% | -2.9% |
| 2016 | -5.7% | -5.1% | -3.9% | -5.4% |
Free cash flow generated divided by market capitalisation. Often more reliable than earnings yield because it reflects actual cash — harder to inflate through accounting choices.
Free Cash Flow / Market Cap × 100%Think of it as the "cash earnings yield" on your investment. High FCF yield vs history suggests the market may be undervaluing the company's real cash generation ability.
- FCF can be lumpy year-to-year due to irregular capex or working capital swings. Look at 3–5 year trends, not single-year readings.
- Businesses intentionally reinvesting for growth will show low or negative FCF yield by design — this metric is less useful for high-growth phase companies.
Is SO FCF Yield High or Low Right Now?
The Southern Company's FCF Yield is currently 2.6%, which is near historic high relative to its 10-year historical range. The 10-year median FCF Yield for SO is approximately -2.1%. See all SO valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.