PPL vs. SO: PPL vs. Southern Company Stock Comparison

November 11, 2026

How do PPL (PPL) and Southern Company (SO) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

PPL (PPL) and Southern Company (SO) are both classified in the Electric Utilities sub-industry within the broader Electric Utilities industry, placing them in the closest GICS peer bucket.

Company profile comparison for PPL (PPL) and Southern Company (SO)
Profile Item	PPL	SO
Name	PPL Corporation	The Southern Company
Country/Region	United States	United States
GICS Sector	Utilities	Utilities
GICS Industry Group	Utilities	Utilities
GICS Industry	Electric Utilities	Electric Utilities
GICS Sub-Industry	Electric Utilities	Electric Utilities
Market Capitalization	26.94 billion USD	107.51 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 17, 1980	December 31, 1981
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

PPL

GSPC

PPL (PPL) vs. Southern Company (SO), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for PPL (PPL) and Southern Company (SO). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for PPL (PPL) and Southern Company (SO). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for PPL (PPL) and Southern Company (SO)
Metric	PPL	SO
Total Return (1Y)	1.73%	6.21%
Total Return (3Y, Annualized)	16.47%	15.28%
Total Return (5Y, Annualized)	8.32%	12.24%

Risk Profile

Drawdown History

PPL

GSPC

PPL (PPL) vs. Southern Company (SO), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for PPL (PPL) and Southern Company (SO). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for PPL (PPL) and Southern Company (SO)
Metric	PPL	SO
Volatility (1Y, Annualized)	18.30%	17.95%
Beta (5Y)	0.54	0.30
Max Drawdown (5Y)	-24.73%	-23.28%
Avg. Volume (3M)	7.63M	6.19M

Risk-Adjusted Performance

Risk-Return Positioning

PPL and SO are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for PPL (PPL) and Southern Company (SO)
Metric	PPL	SO
Sharpe Ratio (1Y)	-0.14	0.11
Sortino Ratio (1Y)	-0.19	0.16

Profitability

ROE (TTM)

Both PPL (PPL) at 8.63% and Southern Company (SO) at 11.90% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

PPL

Utilities industry group

8.63%

Max: 17.99%
Q3: 12.01%
Median: 9.44%
PPL: 8.63%
Q1: 7.56%
Min: 2.17%

SO

Utilities industry group

11.90%

Max: 17.99%
Q3: 12.01%
SO: 11.90%
Median: 9.44%
Q1: 7.56%
Min: 2.17%

PPL (PPL) vs. Southern Company (SO): A comparison of their ROE against the Utilities industry group benchmark.

Net Margin (TTM)

Both PPL (PPL) at 13.47% and Southern Company (SO) at 16.00% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

PPL

Utilities industry group

13.47%

Max: 28.78%
Q3: 17.30%
PPL: 13.47%
Median: 12.73%
Q1: 9.18%
Min: -0.20%

SO

Utilities industry group

16.00%

Max: 28.78%
Q3: 17.30%
SO: 16.00%
Median: 12.73%
Q1: 9.18%
Min: -0.20%

PPL (PPL) vs. Southern Company (SO): A comparison of their net margin against the Utilities industry group benchmark.

Operating Margin (TTM)

Southern Company (SO) at 36.92% operates in the top operating margin quartile, ahead of PPL (PPL) at 23.59%, which runs around its industry’s norm.

PPL

Utilities industry group

23.59%

Max: 53.83%
Q3: 31.12%
Median: 23.62%
PPL: 23.59%
Q1: 15.45%
Min: -4.90%

SO

Utilities industry group

36.92%

Max: 53.83%
SO: 36.92%
Q3: 31.12%
Median: 23.62%
Q1: 15.45%
Min: -4.90%

PPL (PPL) vs. Southern Company (SO): A comparison of their operating margin against the Utilities industry group benchmark.

Profitability Metrics

Profitability metrics for PPL (PPL) and Southern Company (SO)
Metric	PPL	SO
ROE (TTM)	8.63%	11.90%
ROA (TTM)	3.20%	3.36%
Net Margin (TTM)	13.47%	16.00%
Operating Margin (TTM)	23.59%	36.92%
Gross Margin (TTM)	44.09%	48.55%

Growth

Revenue Growth

Both PPL (PPL) at 6.85% and Southern Company (SO) at 10.59% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

PPL (PPL) vs. Southern Company (SO): A comparison of their Revenue Growth across different time periods.

EPS Growth

PPL (PPL) at 32.50% sits in the top EPS growth quartile, while Southern Company (SO) at -1.75% is closer to the peer norm — faster per-share earnings growth for PPL.

PPL (PPL) vs. Southern Company (SO): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for PPL (PPL) and Southern Company (SO)
Metric	PPL	SO
Revenue Growth (YoY)	6.85%	10.59%
Revenue Growth (3Y CAGR)	4.59%	0.31%
EPS Growth (YoY)	32.50%	-1.75%
EPS Growth (3Y CAGR)	15.95%	6.34%

Financial Strength

Current Ratio (MRQ)

Both PPL (PPL) at 0.91 and Southern Company (SO) at 0.84 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

PPL

Utilities industry group

0.91

Max: 1.90
Q3: 1.17
PPL: 0.91
Median: 0.88
Q1: 0.66
Min: 0.29

SO

Utilities industry group

0.84

Max: 1.90
Q3: 1.17
Median: 0.88
SO: 0.84
Q1: 0.66
Min: 0.29

PPL (PPL) vs. Southern Company (SO): A comparison of their current ratio against the Utilities industry group benchmark.

Debt / Equity (MRQ)

Both PPL (PPL) at 1.35 and Southern Company (SO) at 1.68 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

PPL

Utilities industry group

1.35

Max: 2.63
Q3: 1.77
PPL: 1.35
Median: 1.35
Q1: 0.84
Min: 0.00

SO

Utilities industry group

1.68

Max: 2.63
Q3: 1.77
SO: 1.68
Median: 1.35
Q1: 0.84
Min: 0.00

PPL (PPL) vs. Southern Company (SO): A comparison of their debt-to-equity ratio against the Utilities industry group benchmark.

Financial Strength Metrics

Financial strength metrics for PPL (PPL) and Southern Company (SO)
Metric	PPL	SO
Current Ratio (MRQ)	0.91	0.84
Debt / Equity (MRQ)	1.35	1.68
Net Debt / EBITDA	5.33	5.01

Dividends

Dividend Yield (TTM)

PPL (PPL) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Southern Company (SO) reports a yield of 3.21%, ranking against industry peers normally.

PPL

Utilities industry group

0.00%

Max: 6.66%
Q3: 3.58%
Median: 2.85%
Q1: 0.66%
PPL: 0.00%
Min: 0.00%

SO

Utilities industry group

3.21%

Max: 6.66%
Q3: 3.58%
SO: 3.21%
Median: 2.85%
Q1: 0.66%
Min: 0.00%

PPL (PPL) vs. Southern Company (SO): A comparison of their dividend yield against the Utilities industry group benchmark.

Dividend Payout Ratio (TTM)

Both PPL (PPL) at 65.98% and Southern Company (SO) at 68.49% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

PPL

Utilities industry group

65.98%

Max: 113.04%
Q3: 68.72%
PPL: 65.98%
Median: 56.38%
Q1: 32.38%
Min: 0.00%

SO

Utilities industry group

68.49%

Max: 113.04%
Q3: 68.72%
SO: 68.49%
Median: 56.38%
Q1: 32.38%
Min: 0.00%

PPL (PPL) vs. Southern Company (SO): A comparison of their payout ratio against the Utilities industry group benchmark.

Dividend Metrics

Dividend metrics for PPL (PPL) and Southern Company (SO)
Metric	PPL	SO
Dividend Yield (TTM)	0.00%	3.21%
Dividend Payout Ratio (TTM)	65.98%	68.49%

Valuation

P/E Ratio (TTM)

Both PPL (PPL) at 20.57 and Southern Company (SO) at 21.08 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

PPL

Utilities industry group

20.57

Max: 31.22
Q3: 23.30
PPL: 20.57
Median: 19.64
Q1: 15.17
Min: 3.34

SO

Utilities industry group

21.08

Max: 31.22
Q3: 23.30
SO: 21.08
Median: 19.64
Q1: 15.17
Min: 3.34

PPL (PPL) vs. Southern Company (SO): A comparison of their P/E ratio against the Utilities industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both PPL (PPL) at 2.87 and Southern Company (SO) at 3.45 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

PPL

Utilities industry group

2.87

Max: 6.35
Q3: 3.63
PPL: 2.87
Median: 2.63
Q1: 1.52
Min: 0.00

SO

Utilities industry group

3.45

Max: 6.35
Q3: 3.63
SO: 3.45
Median: 2.63
Q1: 1.52
Min: 0.00

PPL (PPL) vs. Southern Company (SO): A comparison of their P/S ratio against the Utilities industry group benchmark.

P/B Ratio (MRQ)

PPL (PPL) at 1.81 is valued about in line with its industry on P/B ratio, while Southern Company (SO) at 2.56 carries an above-peer premium to book — SO is pricier on assets.

PPL

Utilities industry group

1.81

Max: 3.12
Q3: 2.21
Median: 1.83
PPL: 1.81
Q1: 1.46
Min: 0.34

SO

Utilities industry group

2.56

Max: 3.12
SO: 2.56
Q3: 2.21
Median: 1.83
Q1: 1.46
Min: 0.34

PPL (PPL) vs. Southern Company (SO): A comparison of their P/B ratio against the Utilities industry group benchmark.

Valuation Metrics

Valuation metrics for PPL (PPL) and Southern Company (SO)
Metric	PPL	SO
P/E Ratio (TTM)	20.57	21.08
P/S Ratio (TTM)	2.87	3.45
P/B Ratio (MRQ)	1.81	2.56
Free Cash Flow Yield (TTM)	-7.19%	-4.73%