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Side-by-side financial comparison of EMCOR Group, Inc. (EME) and Southern Company (SO). Click either name above to swap in a different company.

Southern Company is the larger business by last-quarter revenue ($8.4B vs $4.6B, roughly 1.8× EMCOR Group, Inc.). Southern Company runs the higher net margin — 15.9% vs 6.6%, a 9.3% gap on every dollar of revenue. On growth, EMCOR Group, Inc. posted the faster year-over-year revenue change (19.7% vs 8.0%). Over the past eight quarters, Southern Company's revenue compounded faster (14.0% CAGR vs 12.3%).

EMCOR Group, Inc., is an engineering, construction, and property management company headquartered in Norwalk, Connecticut.

Southern Company is an American gas and electric utility holding company based in the Southern United States. It is headquartered in Atlanta, Georgia, with executive offices located in Birmingham, Alabama. As of 2021 it is the second largest utility company in the U.S. in terms of customer base. Through its subsidiaries it serves 9 million gas and electric utility customers in 6 states. Southern Company's regulated regional electric utilities serve a 120,000-square-mile (310,000 km2) territor...

EME vs SO — Head-to-Head

Bigger by revenue
SO
SO
1.8× larger
SO
$8.4B
$4.6B
EME
Growing faster (revenue YoY)
EME
EME
+11.7% gap
EME
19.7%
8.0%
SO
Higher net margin
SO
SO
9.3% more per $
SO
15.9%
6.6%
EME
Faster 2-yr revenue CAGR
SO
SO
Annualised
SO
14.0%
12.3%
EME

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
EME
EME
SO
SO
Revenue
$4.6B
$8.4B
Net Profit
$305.5M
$1.3B
Gross Margin
18.7%
Operating Margin
8.7%
24.0%
Net Margin
6.6%
15.9%
Revenue YoY
19.7%
8.0%
Net Profit YoY
26.9%
5.4%
EPS (diluted)
$6.84

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
EME
EME
SO
SO
Q1 26
$4.6B
$8.4B
Q4 25
$4.5B
$7.0B
Q3 25
$4.3B
$7.8B
Q2 25
$4.3B
$7.0B
Q1 25
$3.9B
$7.8B
Q4 24
$3.8B
$6.3B
Q3 24
$3.7B
$7.3B
Q2 24
$3.7B
$6.5B
Net Profit
EME
EME
SO
SO
Q1 26
$305.5M
$1.3B
Q4 25
$434.6M
$341.0M
Q3 25
$295.4M
$1.7B
Q2 25
$302.2M
$880.0M
Q1 25
$240.7M
$1.3B
Q4 24
$292.2M
$466.0M
Q3 24
$270.3M
$1.5B
Q2 24
$247.6M
$1.2B
Gross Margin
EME
EME
SO
SO
Q1 26
18.7%
Q4 25
19.7%
Q3 25
19.4%
Q2 25
19.4%
Q1 25
18.7%
Q4 24
20.1%
Q3 24
19.9%
Q2 24
18.7%
Operating Margin
EME
EME
SO
SO
Q1 26
8.7%
24.0%
Q4 25
12.7%
13.1%
Q3 25
9.4%
33.2%
Q2 25
9.6%
25.3%
Q1 25
8.2%
25.9%
Q4 24
10.3%
16.7%
Q3 24
9.8%
32.6%
Q2 24
9.1%
30.0%
Net Margin
EME
EME
SO
SO
Q1 26
6.6%
15.9%
Q4 25
9.6%
4.9%
Q3 25
6.9%
21.9%
Q2 25
7.0%
12.6%
Q1 25
6.2%
16.3%
Q4 24
7.7%
7.3%
Q3 24
7.3%
21.1%
Q2 24
6.8%
18.6%
EPS (diluted)
EME
EME
SO
SO
Q1 26
$6.84
Q4 25
$9.64
$0.38
Q3 25
$6.57
$1.54
Q2 25
$6.72
$0.79
Q1 25
$5.26
$1.21
Q4 24
$6.30
$0.48
Q3 24
$5.80
$1.39
Q2 24
$5.25
$1.09

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EME
EME
SO
SO
Cash + ST InvestmentsLiquidity on hand
$916.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.9B
Total Assets
$9.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EME
EME
SO
SO
Q1 26
$916.4M
Q4 25
$1.1B
$1.6B
Q3 25
$655.1M
$3.3B
Q2 25
$486.0M
$1.3B
Q1 25
$576.7M
$2.3B
Q4 24
$1.3B
$1.1B
Q3 24
$1.0B
$1.0B
Q2 24
$807.3M
$1.2B
Total Debt
EME
EME
SO
SO
Q1 26
Q4 25
$65.6B
Q3 25
$64.6B
Q2 25
$63.0B
Q1 25
$62.9B
Q4 24
$58.8B
Q3 24
$61.3B
Q2 24
$59.9B
Stockholders' Equity
EME
EME
SO
SO
Q1 26
$3.9B
Q4 25
$3.7B
$36.0B
Q3 25
$3.3B
$38.3B
Q2 25
$3.1B
$37.3B
Q1 25
$2.9B
$37.2B
Q4 24
$2.9B
$33.2B
Q3 24
$2.8B
$36.9B
Q2 24
$2.7B
$36.1B
Total Assets
EME
EME
SO
SO
Q1 26
$9.5B
Q4 25
$9.3B
$155.7B
Q3 25
$8.6B
$153.2B
Q2 25
$8.4B
$148.9B
Q1 25
$8.1B
$148.1B
Q4 24
$7.7B
$145.2B
Q3 24
$7.3B
$144.0B
Q2 24
$7.1B
$141.9B
Debt / Equity
EME
EME
SO
SO
Q1 26
Q4 25
1.82×
Q3 25
1.69×
Q2 25
1.69×
Q1 25
1.69×
Q4 24
1.77×
Q3 24
1.66×
Q2 24
1.66×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EME
EME
SO
SO
Operating Cash FlowLast quarter
$558.0K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.00×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EME
EME
SO
SO
Q1 26
$558.0K
Q4 25
$524.4M
$2.6B
Q3 25
$475.5M
$3.8B
Q2 25
$193.7M
$2.2B
Q1 25
$108.5M
$1.3B
Q4 24
$469.5M
$2.2B
Q3 24
$526.4M
$3.6B
Q2 24
$279.7M
$2.7B
Free Cash Flow
EME
EME
SO
SO
Q1 26
Q4 25
$492.5M
$-1.7B
Q3 25
$448.8M
$559.0M
Q2 25
$165.6M
$-619.0M
Q1 25
$82.3M
$-1.2B
Q4 24
$451.8M
$-576.0M
Q3 24
$508.7M
$1.3B
Q2 24
$260.4M
$563.0M
FCF Margin
EME
EME
SO
SO
Q1 26
Q4 25
10.9%
-24.2%
Q3 25
10.4%
7.1%
Q2 25
3.8%
-8.9%
Q1 25
2.1%
-15.3%
Q4 24
12.0%
-9.1%
Q3 24
13.8%
17.9%
Q2 24
7.1%
8.7%
Capex Intensity
EME
EME
SO
SO
Q1 26
Q4 25
0.7%
61.4%
Q3 25
0.6%
41.1%
Q2 25
0.7%
40.2%
Q1 25
0.7%
31.3%
Q4 24
0.5%
43.4%
Q3 24
0.5%
31.8%
Q2 24
0.5%
32.9%
Cash Conversion
EME
EME
SO
SO
Q1 26
0.00×
Q4 25
1.21×
7.62×
Q3 25
1.61×
2.21×
Q2 25
0.64×
2.48×
Q1 25
0.45×
0.98×
Q4 24
1.61×
4.66×
Q3 24
1.95×
2.36×
Q2 24
1.13×
2.23×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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