Invesaro

Stocks Comparison

Southern vs Waste Management: revenue, profit, margins and growth compared

Southern brought in $29.6B of revenue in fiscal 2025, Waste Management $25.2B in fiscal 2025. Revenue changed by +10.4% at Southern and +14.2% at Waste Management on the year before, so Waste Management grew faster. Southern kept 14.7% of its revenue as net profit, Waste Management 10.7%. Free cash flow was -$2.9B at Southern and $2.8B at Waste Management.

Side by side, latest fiscal year

SOWM
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$29.6B$25.2B
Revenue growth+10.4%+14.2%
Net income$4.3B$2.7B
Net margin14.7%10.7%
Free cash flow-$2.9B$2.8B
Free cash flow margin-9.9%11.2%
Earnings per share (diluted)$3.92$6.70
Cash$1.6B$201M
Debt$71.9B$22.9B
Price to earnings21.130.9
Market value$95.3B$82.7B
Dividend yield3.55%1.60%
Rank by revenue in sector#5 of 109 · Utilities#8 of 109 · Utilities

Over the years

Revenue
SO FY2018: $25.2BSO FY2019: $22.6BSO FY2020: $21.1BSO FY2021: $23.5BSO FY2022: $29.3BSO FY2023: $25.3BSO FY2024: $26.8BSO FY2025: $29.6BWM FY2018: $14.9BWM FY2019: $15.5BWM FY2020: $15.2BWM FY2021: $17.9BWM FY2022: $19.7BWM FY2023: $20.4BWM FY2024: $22.1BWM FY2025: $25.2BFY18FY19FY20FY21FY22FY23FY24FY25
SO $29.6BWM $25.2B
Net income
SO FY2018: $2.2BSO FY2019: $4.7BSO FY2020: $3.1BSO FY2021: $2.4BSO FY2022: $3.5BSO FY2023: $4BSO FY2024: $4.4BSO FY2025: $4.3BWM FY2018: $1.9BWM FY2019: $1.7BWM FY2020: $1.5BWM FY2021: $1.8BWM FY2022: $2.2BWM FY2023: $2.3BWM FY2024: $2.7BWM FY2025: $2.7BFY18FY19FY20FY21FY22FY23FY24FY25
SO $4.3BWM $2.7B
Net margin
SO FY2018: 8.8%SO FY2019: 21.0%SO FY2020: 14.8%SO FY2021: 10.2%SO FY2022: 12.0%SO FY2023: 15.7%SO FY2024: 16.4%SO FY2025: 14.7%WM FY2018: 12.9%WM FY2019: 10.8%WM FY2020: 9.8%WM FY2021: 10.1%WM FY2022: 11.4%WM FY2023: 11.3%WM FY2024: 12.4%WM FY2025: 10.7%FY18FY19FY20FY21FY22FY23FY24FY25
SO 14.7%WM 10.7%
Revenue growth
SO FY2019: -10.5%SO FY2020: -6.6%SO FY2021: +11.2%SO FY2022: +24.8%SO FY2023: -13.8%SO FY2024: +6.0%SO FY2025: +10.4%WM FY2019: +3.6%WM FY2020: -1.5%WM FY2021: +17.8%WM FY2022: +9.9%WM FY2023: +3.7%WM FY2024: +8.0%WM FY2025: +14.2%FY19FY20FY21FY22FY23FY24FY25
SO +10.4%WM +14.2%
Free cash flow
SO FY2018: -$1.1BSO FY2019: -$1.8BSO FY2020: -$826MSO FY2021: -$1.4BSO FY2022: -$1.6BSO FY2023: -$1.5BSO FY2024: $833MSO FY2025: -$2.9BWM FY2018: $1.9BWM FY2019: $2.1BWM FY2020: $1.8BWM FY2021: $2.3BWM FY2022: $1.7BWM FY2023: $1.8BWM FY2024: $2.2BWM FY2025: $2.8BFY18FY19FY20FY21FY22FY23FY24FY25
SO -$2.9BWM $2.8B

Fiscal years as each company reports them; the two may end in different months.

Questions about Southern and Waste Management

Which is bigger by revenue, Southern or Waste Management?

Southern is bigger by revenue: $29.6B in fiscal 2025, against $25.2B for Waste Management in fiscal 2025.

Which keeps more of its revenue as profit, Southern or Waste Management?

Southern had a net margin of 14.7% in fiscal 2025; Waste Management had 10.7% in fiscal 2025.

Which grew revenue faster, Southern or Waste Management?

In their latest fiscal years revenue changed by +10.4% at Southern and +14.2% at Waste Management.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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