Atmos Energy Corp (ATO) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$1.35	$1.43	+5.9%	—	—	—
Q3 26	$3.41	$3.47	+1.8%	—	—	—
Q2 26	$2.44	$2.44	0.0%	—	—	—
Q1 26	$1	$1.07	+7.0%	—	—	—
Q4 25	$1.15	$1.16	+0.9%	—	—	—
Q3 25	$2.88	$3.03	+5.2%	—	—	—
Q2 25	$2.21	$2.23	+0.9%	—	—	—
Q1 25	$0.81	$0.83	+2.5%	—	—	—
Q4 24	$1.05	$1.08	+2.9%	—	—	—
Q3 24	$2.61	$2.85	+9.2%	—	—	—
Q2 24	$2.05	$2.08	+1.5%	—	—	—
Q1 24	$0.72	$0.8	+11.1%	—	—	—
Q4 23	$0.99	$0.94	-5.1%	—	—	—
Q3 23	$2.46	$2.48	+0.8%	—	—	—
Q2 23	$1.93	$1.91	-1.0%	—	—	—
Q1 23	$0.43	$0.51	+18.6%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$7.54	—	—	$4.7B	—
FY24	—	$6.83	—	—	$4.2B	—
FY23	—	$6.1	—	—	$4.3B	—
FY22	—	$5.61	—	—	$4.2B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$2.5B	$2.8B	$3.1B	$2.9B	$2.8B	$3.4B	$4.2B	$4.3B	$4.2B	$4.7B
YoY change	-16.1%	+12.4%	+12.9%	-6.86%	-2.78%	+20.8%	+23.3%	+1.75%	-2.58%	+12.9%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	2.5B	2.8B	3.1B	2.9B	2.8B	3.4B	4.2B	4.3B	4.2B	4.7B
Cost of revenue	1.3B	1.5B	1.8B	1.5B	1.3B	1.7B	2.4B	2.2B	1.8B	2B
Gross profit	1.2B	1.3B	1.4B	1.4B	1.5B	1.7B	1.8B	2.1B	2.4B	2.7B
Gross margin	47.7%	46.9%	43.4%	48.7%	54.3%	49.8%	43.1%	48.1%	57.9%	58.1%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	—	—
Operating expenses	—	—	—	—	—	—	—	—	—	—
Operating income	657.2M	735.6M	727.9M	746.1M	824.1M	905M	921M	1.1B	1.4B	1.6B
Operating margin	26.8%	26.7%	23.4%	25.7%	29.2%	26.6%	21.9%	25%	32.5%	33.2%
Non-operating income, net	-234K	-12.7M	-11.6M	3.2M	4.2M	-4.3M	31M	62.6M	48.2M	59.8M
Pretax income	542.2M	604.1M	611.1M	650.3M	746.8M	819.3M	851.9M	999.6M	1.2B	1.5B
Income tax	196.6M	221.4M	8.1M	138.9M	145.4M	153.7M	77.5M	113.8M	192.9M	279.3M
Net income	350.1M	396.4M	603.1M	511.4M	601.4M	665.6M	774.4M	885.9M	1B	1.2B
Net margin	14.3%	14.4%	19.4%	17.6%	21.3%	19.5%	18.4%	20.7%	25%	25.5%
EBITDA	950.1M	1B	1.1B	1.1B	1.2B	1.3B	1.5B	1.7B	2.1B	2.3B
EPS	3.38	3.73	5.43	4.36	4.89	5.12	5.61	6.1	6.83	7.54
Diluted EPS	3.38	3.73	5.43	4.35	4.89	5.12	5.6	6.1	6.83	7.46

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	587.6M	1.2B	1.6B	701.5M	657.9M	1.2B	2B	838.8M	737.5M	1.3B	2B	879.1M
Cost of revenue	193.3M	505.2M	824.2M	208.7M	214.7M	441.1M	1B	275.9M	239.4M	525.8M	863.1M	231.4M
Gross profit	394.4M	653.3M	823M	492.8M	443.2M	734.9M	938M	562.8M	498M	816.8M	1.1B	647.7M
Gross margin	67.1%	56.4%	50%	70.2%	67.4%	62.5%	48.1%	67.1%	67.5%	60.8%	56%	73.7%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	—	—	—	—
Operating expenses	—	—	—	—	—	—	—	—	—	—	—	—
Operating income	154.1M	399.1M	551M	220.3M	185M	459.5M	628.9M	252.1M	219.5M	514.8M	764.8M	320.4M
Operating margin	26.2%	34.5%	33.4%	31.4%	28.1%	39.1%	32.2%	30.1%	29.8%	38.3%	39%	36.4%
Non-operating income, net	7.8M	17.9M	16.7M	19.9M	-6.3M	24.6M	24.2M	20.1M	-9.1M	22.2M	17.5M	16M
Pretax income	137.3M	365.1M	512.2M	199M	159.4M	431.2M	603.1M	230.6M	213.1M	503.6M	733.6M	303.3M
Income tax	18.7M	53.8M	80.2M	33.4M	25.4M	79.3M	117.5M	44.2M	38.2M	100.6M	151.7M	60.6M
Net income	118.5M	311.3M	432M	165.6M	134M	351.9M	485.6M	186.4M	174.9M	403M	581.9M	242.7M
Net margin	20.2%	26.9%	26.2%	23.6%	20.4%	29.9%	24.9%	22.2%	23.7%	30%	29.7%	27.6%
EBITDA	328.3M	581.6M	732.8M	407M	375M	664.6M	835.9M	458M	426M	731.6M	978M	537.9M
EPS	0.8	2.08	2.85	1.08	—	2.25	3.05	1.17	—	2.48	3.49	1.44
Diluted EPS	0.8	2.08	2.85	1.08	—	2.23	3.03	1.16	—	2.44	3.47	1.43

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	7.7B	8.9B	10.4B	13.3B	11.7B	11.4B	14B	15.4B	21.2B	27.1B	26.5B
Enterprise value	10.9B	12.4B	14.1B	17.3B	16.5B	18.9B	22.4B	22.5B	29B	36.2B	36.4B
Shares outstanding	103.5M	106.1M	111M	117.2M	122.8M	129.8M	137.8M	145.1M	152.5M	158.9M	158.9M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	22	22.4	17.3	26.1	19.5	17.2	18.1	17.4	20.3	22.6	18.6
P/S	3.14	3.22	3.35	4.6	4.16	3.36	3.34	3.6	5.08	5.77	5.37
P/B	2.23	2.28	2.19	2.32	1.73	1.45	1.49	1.41	1.74	2	1.73
EV/EBITDA	11.5	11.9	13	15.3	13.3	14	15.4	13.4	13.8	15.7	13.9
EV/Sales	4.45	4.49	4.51	5.97	5.84	5.54	5.32	5.26	6.96	7.71	7.39
Earnings yield	4.54%	4.46%	5.78%	3.83%	5.12%	5.81%	5.52%	5.76%	4.93%	4.42%	5.37%
FCF yield	-3.79%	-3.04%	-3.29%	-5.43%	-7.65%	-26.7%	-10.4%	4.25%	-5.69%	-5.57%	-8.37%
PEG	—	—	—	—	—	—	—	—	—	—	0.81

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	47.7%	46.9%	43.4%	48.7%	54.3%	49.8%	43.1%	48.1%	57.9%	58.1%	73.7%
Operating margin	26.8%	26.7%	23.4%	25.7%	29.2%	26.6%	21.9%	25%	32.5%	33.2%	37.2%
Net margin	14.3%	14.4%	19.4%	17.6%	21.3%	19.5%	18.4%	20.7%	25%	25.5%	28.5%
ROE	10.1%	10.2%	12.6%	8.89%	8.86%	8.42%	8.22%	8.15%	8.58%	8.84%	9.79%
ROA	3.5%	3.69%	5.08%	3.83%	3.92%	3.39%	3.49%	3.93%	4.14%	4.24%	3.89%
ROIC	6.27%	6.31%	8.55%	6.04%	5.75%	4.79%	4.72%	5.26%	5.72%	5.58%	5.81%
Return on tangible assets	4.09%	4.27%	5.79%	4.3%	4.33%	3.67%	3.74%	4.24%	4.43%	4.5%	4.68%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.38	0.53	0.25	0.38	0.6	0.81	0.85	0.65	0.94	0.77	0.81
Quick ratio	0.28	0.35	0.16	0.27	0.45	0.75	0.74	0.45	0.78	0.63	0.73
Debt / equity	0.94	0.9	0.76	0.69	0.7	0.96	0.89	0.66	0.67	0.69	0.68
Debt / assets	0.33	0.33	0.31	0.3	0.31	0.39	0.38	0.32	0.32	0.33	0.33
Net debt / EBITDA	3.39	3.34	3.37	3.5	3.82	5.52	5.73	4.24	3.74	3.94	3.67
Interest coverage	5.72	6.03	6.73	7.3	9.84	10.8	9.29	8.28	7.48	9.61	13.3
Effective tax rate	36.3%	36.6%	1.32%	21.4%	19.5%	18.8%	9.1%	11.4%	15.6%	18.9%	20%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	23.7	26	28.1	24.8	23	26.3	30.5	29.5	27.3	29.6	29.9
EPS (basic)	3.38	3.73	5.43	4.36	4.89	5.12	5.61	6.1	6.83	7.54	7.54
EPS (diluted)	3.38	3.73	5.43	4.35	4.89	5.12	5.6	6.1	6.83	7.46	8.4
Book value per share	33.5	36.7	43	49.1	55.3	60.9	68.3	74.9	79.7	85.3	90.3
FCF per share	-2.82	-2.54	-3.09	-6.18	-7.31	-23.5	-10.6	4.5	-7.89	-9.51	-11.9
Cash per share	0.46	0.25	0.12	0.21	0.17	0.9	0.37	0.11	2.02	1.28	3.08
Capex per share	—	—	—	—	—	—	—	—	—	22.4	23.9

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	—	—	—	—	—	—	75.7%	82.1%
Capex / operating cash flow	—	—	—	—	—	—	—	—	—	173.8%	200%
Payout ratio	50%	48.4%	35.6%	48%	47%	48.7%	48.5%	48.6%	47.3%	46.2%	46.1%
Dividend yield	2.27%	2.16%	2.06%	1.84%	2.41%	2.83%	2.68%	2.8%	2.33%	2.04%	2.55%

Yield

2.55%

trailing twelve months

Frequency

Quarterly

Last dividend

$1.00

ex-dividend Aug 24, 2026

Payout ratio

46%

of earnings

Dividend growth

19 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 24, 2026	$1.00
May 26, 2026	$1.00
Feb 23, 2026	$1.00

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	$587.6M	$1.2B	$1.6B	$701.5M	$657.9M	$1.2B	$2B	$838.8M	$737.5M	$1.3B	$2B	$879.1M
YoY change	-18.7%	-21.9%	+6.9%	+5.86%	+12%	+1.51%	+18.4%	+19.6%	+12.1%	+14.2%	+0.61%	+4.8%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	47.5M	26.4M	13.8M	24.6M	20.8M	116.7M	51.6M	15.4M	307.3M	202.7M
Receivables	120.1M	135.1M	138.8M	127M	140.3M	218.2M	258.3M	199M	220.9M	213.7M
Inventory	184.9M	189.1M	173.8M	136.1M	118.8M	193.7M	383.8M	280.1M	186.5M	191.8M
Total current assets	681.7M	539.6M	478.9M	458M	471.3M	2.8B	3B	885.8M	1.1B	1.1B
Property, plant & equipment	-1.7B	-1.7B	-1.8B	-2B	-2B	-2B	-1.9B	-2.1B	-2.3B	-2.4B
Goodwill & intangibles	1.5B	1.5B	1.5B	1.5B	1.5B	1.5B	1.5B	1.6B	1.6B	1.6B
Total assets	10B	10.7B	11.9B	13.4B	15.4B	19.6B	22.2B	22.5B	25.2B	28.2B
Accounts payable	114.4M	143.4M	135.2M	176.6M	141.1M	224.9M	258.5M	218.2M	341.9M	381M
Short-term debt	1.1B	447.7M	1.2B	464.9M	35.9M	2.4B	2.4B	289.2M	44.2M	65.6M
Total current liabilities	1.8B	1B	1.9B	1.2B	782.4M	3.5B	3.6B	1.4B	1.2B	1.4B
Long-term debt	2.2B	3.1B	2.5B	3.5B	4.7B	5.1B	5.9B	6.8B	8.1B	9.2B
Total liabilities	6.5B	6.9B	7.1B	7.6B	8.6B	11.7B	12.8B	11.6B	13B	14.7B
Shareholders' equity	3.5B	3.9B	4.8B	5.8B	6.8B	7.9B	9.4B	10.9B	12.2B	13.6B
Total debt	3.3B	3.5B	3.6B	4B	4.8B	7.6B	8.4B	7.1B	8.1B	9.3B
Net debt	3.2B	3.5B	3.6B	4B	4.7B	7.4B	8.3B	7.1B	7.8B	9.1B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Cash & short-term investments	15.4M	278.3M	262.5M	674.6M	307.3M	584.5M	543.5M	709.4M	202.7M	367M	125.7M	521M
Receivables	199M	646.4M	596.4M	391.6M	220.9M	628.9M	660.6M	399.5M	213.7M	731.1M	644.6M	469.5M
Inventory	280.1M	220.9M	144.1M	157.9M	186.5M	153M	97.3M	139.1M	191.8M	159.5M	135.9M	154.4M
Total current assets	885.8M	1.7B	1.4B	1.7B	1.1B	1.8B	1.6B	1.6B	1.1B	1.6B	1.3B	1.5B
Property, plant & equipment	-2.1B	-3.4B	-3.5B	-3.6B	-2.3B	-3.7B	-3.8B	-3.9B	-2.4B	-4.1B	-4.1B	-4.2B
Goodwill & intangibles	1.6B	1.6B	1.6B	1.6B	1.6B	1.6B	1.6B	1.6B	1.6B	1.6B	1.6B	1.6B
Total assets	22.5B	23.7B	24B	24.9B	25.2B	26.5B	27B	27.7B	28.2B	29.8B	30.4B	31.6B
Accounts payable	218.2M	416.7M	—	—	341.9M	—	—	—	381M	—	—	—
Short-term debt	289.2M	11.5M	9.6M	9.6M	44.2M	19.9M	20.1M	20.2M	65.6M	11M	11.3M	511.4M
Total current liabilities	1.4B	1.2B	1.1B	984.9M	1.2B	1.2B	1.2B	1.1B	1.4B	1.4B	1.3B	1.8B
Long-term debt	6.8B	7.5B	7.5B	7.9B	8.1B	8.5B	8.5B	9B	9.2B	9.6B	9.6B	9.8B
Total liabilities	11.6B	12.4B	12.4B	12.7B	13B	13.7B	13.8B	14.3B	14.7B	15.5B	15.5B	16.3B
Shareholders' equity	10.9B	11.3B	11.6B	12.2B	12.2B	12.8B	13.1B	13.4B	13.6B	14.3B	14.9B	15.3B
Total debt	7.1B	7.5B	7.5B	7.9B	8.1B	8.5B	8.5B	9B	9.3B	9.6B	9.6B	10.3B
Net debt	7.1B	7.3B	7.3B	7.2B	7.8B	7.9B	8B	8.3B	9.1B	9.3B	9.5B	9.8B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	350.1M	383.5M	603.1M	511.4M	601.4M	665.6M	774.4M	885.9M	1B	1.2B
Depreciation & amortization	293.1M	319.6M	361.1M	391.5M	429.8M	478M	535.7M	604.3M	670M	734.7M
Stock-based compensation	14.8M	14.1M	12.9M	11.1M	9.6M	11.3M	10.7M	10.2M	10.7M	12.7M
Change in working capital	-58M	-126.3M	146.7M	-86.6M	-141M	-2.5B	-404.2M	2B	-94.4M	-117.6M
Operating cash flow	800.2M	824.7M	1.1B	958.9M	1B	-1.2B	937.2M	3.6B	1.7B	2B
Capital expenditure	—	—	—	—	—	—	—	—	—	-3.6B
Investing cash flow	7.2M	-59.5M	1M	5.8M	10.2M	5.9M	14.5M	10.7M	14.4M	-3.6B
Dividends paid	-175.1M	-191.9M	-214.9M	-245.7M	-282.4M	-323.9M	-375.9M	-430.3M	-492.9M	-553.8M
Share repurchases	—	—	—	—	—	—	—	—	—	—
Financing cash flow	303.6M	168.1M	326.3M	725.7M	883.8M	3.1B	1.4B	-712.2M	1.5B	1.4B
Net change in cash	1.1B	933.3M	1.5B	1.7B	1.9B	1.9B	2.3B	2.9B	3.2B	-120.3M
Free cash flow	-292M	-270M	-342.9M	-724.7M	-897.7M	-3.1B	-1.5B	653.8M	-1.2B	-1.5B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Net income	118.5M	311.3M	432M	165.6M	134M	351.9M	485.6M	186.4M	174.9M	403M	581.9M	242.7M
Depreciation & amortization	159.3M	164.6M	165.1M	166.8M	173.4M	180.5M	182.8M	185.8M	185.7M	194.6M	195.7M	201.5M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	-118.6M	-263.5M	98.6M	61M	-15.7M	—	—	100M	-130M	—	—	140.4M
Operating cash flow	169.4M	239.7M	750.5M	410.6M	301.7M	584.2M	754.8M	496.4M	348.1M	308.1M	723.5M	639.9M
Capital expenditure	—	—	—	—	—	—	—	-866.9M	-963.6M	-1B	-1B	-1B
Investing cash flow	5.5M	5.4M	1.9M	4.5M	4.3M	2.7M	9.9M	-873.1M	-965.7M	-1B	-999.3M	-1B
Dividends paid	-111.3M	-119.9M	-121.7M	-125.2M	-126.2M	-135.5M	-138.4M	-138.4M	-141.4M	-160.4M	-164.1M	-166.2M
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	610.4M	543.4M	-123.4M	714.1M	329.4M	887.5M	-138.6M	548.2M	94.4M	895.3M	32.2M	799.1M
Net change in cash	785.4M	788.4M	629M	1.1B	635.5M	1.5B	626M	171.5M	-523.2M	172.2M	-243.6M	399.6M
Free cash flow	-484.3M	-524.4M	100.7M	-302.4M	-477.3M	-609.2M	83.3M	-370.6M	-615.5M	-725.3M	-280.1M	-399.4M

Date	Ratio
May 17, 1994	3:2
Jun 13, 1985	2:1

Atmos Energy Corp Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history