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Side-by-side financial comparison of EOG Resources (EOG) and Southern Company (SO). Click either name above to swap in a different company.

Southern Company is the larger business by last-quarter revenue ($7.0B vs $5.6B, roughly 1.2× EOG Resources). EOG Resources runs the higher net margin — 12.4% vs 4.9%, a 7.5% gap on every dollar of revenue. On growth, Southern Company posted the faster year-over-year revenue change (146.8% vs 0.9%). Over the past eight quarters, Southern Company's revenue compounded faster (3.9% CAGR vs -4.0%).

EOG Resources, Inc. is an American energy company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in the Heritage Plaza building in Houston, Texas.

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...

EOG vs SO — Head-to-Head

Bigger by revenue
SO
SO
1.2× larger
SO
$7.0B
$5.6B
EOG
Growing faster (revenue YoY)
SO
SO
+145.8% gap
SO
146.8%
0.9%
EOG
Higher net margin
EOG
EOG
7.5% more per $
EOG
12.4%
4.9%
SO
Faster 2-yr revenue CAGR
SO
SO
Annualised
SO
3.9%
-4.0%
EOG

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
EOG
EOG
SO
SO
Revenue
$5.6B
$7.0B
Net Profit
$701.0M
$341.0M
Gross Margin
Operating Margin
16.7%
13.1%
Net Margin
12.4%
4.9%
Revenue YoY
0.9%
146.8%
Net Profit YoY
-44.0%
483.1%
EPS (diluted)
$1.31

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
EOG
EOG
SO
SO
Q1 26
$7.0B
Q4 25
$5.6B
$7.0B
Q3 25
$5.8B
$7.8B
Q2 25
$5.5B
$7.0B
Q1 25
$5.7B
$7.8B
Q4 24
$5.6B
$6.3B
Q3 24
$6.0B
$7.3B
Q2 24
$6.0B
$6.5B
Net Profit
EOG
EOG
SO
SO
Q1 26
$341.0M
Q4 25
$701.0M
$341.0M
Q3 25
$1.5B
$1.7B
Q2 25
$1.3B
$880.0M
Q1 25
$1.5B
$1.3B
Q4 24
$1.3B
$466.0M
Q3 24
$1.7B
$1.5B
Q2 24
$1.7B
$1.2B
Operating Margin
EOG
EOG
SO
SO
Q1 26
13.1%
Q4 25
16.7%
13.1%
Q3 25
31.4%
33.2%
Q2 25
31.9%
25.3%
Q1 25
32.8%
25.9%
Q4 24
28.5%
16.7%
Q3 24
35.0%
32.6%
Q2 24
35.4%
30.0%
Net Margin
EOG
EOG
SO
SO
Q1 26
4.9%
Q4 25
12.4%
4.9%
Q3 25
25.2%
21.9%
Q2 25
24.6%
12.6%
Q1 25
25.8%
16.3%
Q4 24
22.4%
7.3%
Q3 24
28.0%
21.1%
Q2 24
28.0%
18.6%
EPS (diluted)
EOG
EOG
SO
SO
Q1 26
Q4 25
$1.31
$0.38
Q3 25
$2.70
$1.54
Q2 25
$2.46
$0.79
Q1 25
$2.65
$1.21
Q4 24
$2.25
$0.48
Q3 24
$2.95
$1.39
Q2 24
$2.95
$1.09

Balance Sheet & Financial Strength

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

Metric
EOG
EOG
SO
SO
Cash + ST InvestmentsLiquidity on hand
$3.4B
Total DebtLower is stronger
Stockholders' EquityBook value
$29.8B
Total Assets
$51.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EOG
EOG
SO
SO
Q1 26
Q4 25
$3.4B
$1.6B
Q3 25
$3.5B
$3.3B
Q2 25
$5.2B
$1.3B
Q1 25
$6.6B
$2.3B
Q4 24
$7.1B
$1.1B
Q3 24
$6.1B
$1.0B
Q2 24
$5.4B
$1.2B
Total Debt
EOG
EOG
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
EOG
EOG
SO
SO
Q1 26
Q4 25
$29.8B
$36.0B
Q3 25
$30.3B
$38.3B
Q2 25
$29.2B
$37.3B
Q1 25
$29.5B
$37.2B
Q4 24
$29.4B
$33.2B
Q3 24
$29.6B
$36.9B
Q2 24
$29.2B
$36.1B
Total Assets
EOG
EOG
SO
SO
Q1 26
Q4 25
$51.8B
$155.7B
Q3 25
$52.2B
$153.2B
Q2 25
$46.3B
$148.9B
Q1 25
$47.0B
$148.1B
Q4 24
$47.2B
$145.2B
Q3 24
$46.2B
$144.0B
Q2 24
$45.2B
$141.9B
Debt / Equity
EOG
EOG
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
EOG
EOG
SO
SO
Operating Cash FlowLast quarter
$2.6B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
3.73×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EOG
EOG
SO
SO
Q1 26
Q4 25
$2.6B
$2.6B
Q3 25
$3.1B
$3.8B
Q2 25
$2.0B
$2.2B
Q1 25
$2.3B
$1.3B
Q4 24
$2.8B
$2.2B
Q3 24
$3.6B
$3.6B
Q2 24
$2.9B
$2.7B
Free Cash Flow
EOG
EOG
SO
SO
Q1 26
Q4 25
$-1.7B
Q3 25
$559.0M
Q2 25
$-619.0M
Q1 25
$-1.2B
Q4 24
$-576.0M
Q3 24
$1.3B
Q2 24
$563.0M
FCF Margin
EOG
EOG
SO
SO
Q1 26
Q4 25
-24.2%
Q3 25
7.1%
Q2 25
-8.9%
Q1 25
-15.3%
Q4 24
-9.1%
Q3 24
17.9%
Q2 24
8.7%
Capex Intensity
EOG
EOG
SO
SO
Q1 26
Q4 25
61.4%
Q3 25
41.1%
Q2 25
40.2%
Q1 25
31.3%
Q4 24
43.4%
Q3 24
31.8%
Q2 24
32.9%
Cash Conversion
EOG
EOG
SO
SO
Q1 26
Q4 25
3.73×
7.62×
Q3 25
2.11×
2.21×
Q2 25
1.51×
2.48×
Q1 25
1.56×
0.98×
Q4 24
2.21×
4.66×
Q3 24
2.14×
2.36×
Q2 24
1.71×
2.23×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EOG
EOG

Oil And Condensate$3.0B53%
Natural Gas Gathering Transportation Marketing And Processing$1.1B20%
Natural Gas Production$847.0M15%
Natural Gas Liquids Reserves$666.0M12%
Other Net$20.0M0%

SO
SO

Segment breakdown not available.

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