Atmos Energy Corp Financials
This page shows Atmos Energy Corp (ATO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Atmos Energy Corp has an operating margin of 33.2%, meaning the company retains $33 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 32.5% the prior year.
Atmos Energy Corp's revenue grew 12.9% year-over-year to $4.7B, a solid pace of expansion. This earns a growth score of 65/100.
Atmos Energy Corp carries a low D/E ratio of 0.66, meaning only $0.66 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 87/100, indicating a strong balance sheet with room for future borrowing.
Atmos Energy Corp's current ratio of 0.77 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 11/100, which could limit financial flexibility.
While Atmos Energy Corp generated $2.0B in operating cash flow, capex of $3.6B consumed most of it, leaving -$1.5B in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Atmos Energy Corp's ROE of 8.8% shows moderate profitability relative to equity, earning a score of 35/100. This is up from 8.6% the prior year.
Atmos Energy Corp scores 1.79, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($29.6B) relative to total liabilities ($14.7B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Atmos Energy Corp passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Atmos Energy Corp generates $1.71 in operating cash flow ($2.0B OCF vs $1.2B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Atmos Energy Corp earns $9.1 in operating income for every $1 of interest expense ($1.6B vs $171.7M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Atmos Energy Corp generated $4.7B in revenue in fiscal year 2025. This represents an increase of 12.9% from the prior year.
Atmos Energy Corp's EBITDA was $2.3B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 13.3% from the prior year.
Atmos Energy Corp generated -$1.5B in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 25.6% from the prior year.
Atmos Energy Corp reported $1.2B in net income in fiscal year 2025. This represents an increase of 14.9% from the prior year.
Atmos Energy Corp earned $7.46 per diluted share (EPS) in fiscal year 2025. This represents an increase of 9.2% from the prior year.
Atmos Energy Corp held $202.7M in cash against $8.9B in long-term debt as of fiscal year 2025.
Atmos Energy Corp paid $3.48 per share in dividends in fiscal year 2025. This represents an increase of 8.1% from the prior year.
Atmos Energy Corp had 162M shares outstanding in fiscal year 2025. This represents an increase of 4.1% from the prior year.
Atmos Energy Corp's operating margin was 33.2% in fiscal year 2025, reflecting core business profitability. This is up 0.6 percentage points from the prior year.
Atmos Energy Corp's net profit margin was 25.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.5 percentage points from the prior year.
Atmos Energy Corp's ROE was 8.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.3 percentage points from the prior year.
Atmos Energy Corp invested $3.6B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 21.3% from the prior year.
ATO Income Statement
| Metric | Q1'26 | Q3'25 | Q2'25 | Q3'24 | Q1'25 | Q3'23 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.3B+60.1% | $838.8M-57.0% | $2.0B+194.3% | $662.7M-42.8% | $1.2B+41.9% | $816.4M-47.0% | $1.5B+3.8% | $1.5B |
| Cost of Revenue | $234.0M | N/A | $779.2M+1649.1% | $44.5M-86.9% | $338.9M+36.0% | $249.2M-62.6% | $666.2M-9.8% | $738.2M |
| Gross Profit | $942.0M | N/A | $1.2B+89.5% | $618.2M-24.6% | $819.6M+44.5% | $567.3M-35.2% | $874.8M+17.3% | $745.8M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $514.8M+104.2% | $252.1M-59.9% | $628.9M+271.6% | $169.3M-57.6% | $399.1M+158.2% | $154.6M-63.4% | $422.6M+31.6% | $321.2M |
| Interest Expense | $33.4M-19.6% | $41.5M-16.9% | $50.0M+59.6% | $31.3M-39.6% | $51.9M+98.1% | $26.2M-29.9% | $37.4M+1.7% | $36.8M |
| Income Tax | $100.6M+127.6% | $44.2M-62.4% | $117.5M+621.8% | $16.3M-69.7% | $53.8M+310.5% | $13.1M-70.9% | $45.0M+33.3% | $33.8M |
| Net Income | $403.0M+116.1% | $186.4M-61.6% | $485.6M+252.4% | $137.8M-55.7% | $311.3M+142.2% | $128.5M-64.1% | $357.7M+31.6% | $271.9M |
| EPS (Diluted) | $2.44+110.3% | $1.16-61.7% | $3.03+222.3% | $0.94-54.8% | $2.08+126.1% | $0.92-62.9% | $2.48+29.8% | $1.91 |
ATO Balance Sheet
| Metric | Q1'26 | Q3'25 | Q2'25 | Q3'24 | Q1'25 | Q3'23 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $29.8B+7.5% | $27.7B+2.7% | $27.0B+7.1% | $25.2B+6.4% | $23.7B+5.2% | $22.5B+5.7% | $21.3B-8.8% | $23.4B |
| Current Assets | $1.6B+5.4% | $1.6B-2.5% | $1.6B+40.5% | $1.1B-32.6% | $1.7B+89.6% | $885.8M-17.5% | $1.1B-70.4% | $3.6B |
| Cash & Equivalents | $367.0M-48.3% | $709.4M+30.5% | $543.5M+76.8% | $307.3M+10.4% | $278.3M+1706.8% | $15.4M-83.8% | $95.2M-44.5% | $171.6M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $731.1M+83.0% | $399.5M-39.5% | $660.6M+80.6% | $365.9M-43.4% | $646.4M+96.7% | $328.7M-37.2% | $523.7M-36.6% | $826.4M |
| Goodwill | $731.3M0.0% | $731.3M0.0% | $731.3M0.0% | $731.3M0.0% | $731.3M0.0% | $731.3M0.0% | $731.3M0.0% | $731.3M |
| Total Liabilities | $15.5B+8.3% | $14.3B+3.5% | $13.8B+6.2% | $13.0B+5.0% | $12.4B+6.6% | $11.6B+4.9% | $11.1B-17.9% | $13.5B |
| Current Liabilities | $1.4B+28.0% | $1.1B-5.7% | $1.2B-0.6% | $1.2B+3.0% | $1.2B-13.5% | $1.4B+21.5% | $1.1B-68.5% | $3.5B |
| Long-Term Debt | $9.6B+7.2% | $8.9B+5.9% | $8.4B+8.1% | $7.8B+4.6% | $7.4B+13.6% | $6.6B0.0% | $6.6B0.0% | $6.6B |
| Total Equity | $14.3B+6.7% | $13.4B+1.9% | $13.1B+8.1% | $12.2B+7.8% | $11.3B+3.7% | $10.9B+6.5% | $10.2B+3.8% | $9.8B |
| Retained Earnings | $5.1B+5.7% | $4.8B+1.0% | $4.8B+13.4% | $4.2B+9.3% | $3.9B+5.2% | $3.7B+1.0% | $3.6B+7.4% | $3.4B |
ATO Cash Flow Statement
| Metric | Q1'26 | Q3'25 | Q2'25 | Q3'24 | Q1'25 | Q3'23 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $308.1M-37.9% | $496.4M-46.2% | $922.9M+179.1% | $330.7M+34.8% | $245.3M+3.0% | $238.2M-91.2% | $2.7B+1331.3% | $188.9M |
| Capital Expenditures | $1.0B+19.2% | $866.9M+3.2% | $839.7M+3.9% | $808.0M+5.0% | $769.6M+6.5% | $722.5M+16.6% | $619.7M-22.1% | $795.7M |
| Free Cash Flow | -$725.3M-95.7% | -$370.6M-545.0% | $83.3M+117.4% | -$477.3M+9.0% | -$524.4M-8.3% | -$484.3M-123.2% | $2.1B+443.5% | -$606.8M |
| Investing Cash Flow | -$1.0B-18.2% | -$876.1M-5.7% | -$828.6M-3.1% | -$803.7M-5.1% | -$764.4M-6.5% | -$718.0M-16.2% | -$617.9M+22.0% | -$792.5M |
| Financing Cash Flow | $895.3M+63.3% | $548.2M+495.5% | -$138.6M-235.1% | $102.6M-86.9% | $785.3M+78.1% | $440.9M+120.4% | -$2.2B-398.8% | $723.7M |
| Dividends Paid | $160.4M+15.9% | $138.4M0.0% | $138.4M+9.7% | $126.2M+5.3% | $119.9M+7.8% | $111.3M+4.8% | $106.2M+1.6% | $104.6M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
ATO Financial Ratios
| Metric | Q1'26 | Q3'25 | Q2'25 | Q3'24 | Q1'25 | Q3'23 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 80.1% | N/A | 60.1%-33.2pp | 93.3%+22.5pp | 70.8%+1.3pp | 69.5%+12.7pp | 56.8%+6.5pp | 50.2% |
| Operating Margin | 38.3%+8.3pp | 30.0%-2.2pp | 32.2%+6.7pp | 25.5%-8.9pp | 34.4%+15.5pp | 18.9%-8.5pp | 27.4%+5.8pp | 21.6% |
| Net Margin | 30.0%+7.8pp | 22.2%-2.7pp | 24.9%+4.1pp | 20.8%-6.1pp | 26.9%+11.1pp | 15.8%-7.5pp | 23.2%+4.9pp | 18.3% |
| Return on Equity | 2.8%+1.4pp | 1.4%-2.3pp | 3.7%+2.4pp | 1.3%-1.5pp | 2.8%+1.4pp | 1.4%-2.1pp | 3.5%+0.7pp | 2.8% |
| Return on Assets | 1.4%+0.7pp | 0.7%-1.1pp | 1.8%+1.2pp | 0.6%-0.7pp | 1.3%+0.7pp | 0.6%-1.1pp | 1.7%+0.5pp | 1.2% |
| Current Ratio | 1.13-0.2 | 1.37+0.0 | 1.33+0.4 | 0.94-0.5 | 1.44+0.8 | 0.65-0.3 | 0.96-0.1 | 1.03 |
| Debt-to-Equity | 0.670.0 | 0.67+0.0 | 0.640.0 | 0.64-0.0 | 0.66+0.1 | 0.60-0.0 | 0.64-0.0 | 0.67 |
| FCF Margin | -54.0%-9.8pp | -44.2%-48.5pp | 4.3%+55.5pp | -51.2%-5.9pp | -45.3%-15.0pp | -30.3%-165.5pp | 135.3%+176.1pp | -40.9% |
Note: The current ratio is below 1.0 (0.77), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Atmos Energy Corp's annual revenue?
Atmos Energy Corp (ATO) reported $4.7B in total revenue for fiscal year 2025. This represents a 12.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Atmos Energy Corp's revenue growing?
Atmos Energy Corp (ATO) revenue grew by 12.9% year-over-year, from $4.2B to $4.7B in fiscal year 2025.
Is Atmos Energy Corp profitable?
Yes, Atmos Energy Corp (ATO) reported a net income of $1.2B in fiscal year 2025, with a net profit margin of 25.5%.
What is Atmos Energy Corp's earnings per share (EPS)?
Atmos Energy Corp (ATO) reported diluted earnings per share of $7.46 for fiscal year 2025. This represents a 9.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Atmos Energy Corp's EBITDA?
Atmos Energy Corp (ATO) had EBITDA of $2.3B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Atmos Energy Corp have?
As of fiscal year 2025, Atmos Energy Corp (ATO) had $202.7M in cash and equivalents against $8.9B in long-term debt.
What is Atmos Energy Corp's operating margin?
Atmos Energy Corp (ATO) had an operating margin of 33.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Atmos Energy Corp's net profit margin?
Atmos Energy Corp (ATO) had a net profit margin of 25.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Atmos Energy Corp pay dividends?
Yes, Atmos Energy Corp (ATO) paid $3.48 per share in dividends during fiscal year 2025.
What is Atmos Energy Corp's return on equity (ROE)?
Atmos Energy Corp (ATO) has a return on equity of 8.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Atmos Energy Corp's free cash flow?
Atmos Energy Corp (ATO) generated -$1.5B in free cash flow during fiscal year 2025. This represents a -25.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Atmos Energy Corp's operating cash flow?
Atmos Energy Corp (ATO) generated $2.0B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Atmos Energy Corp's total assets?
Atmos Energy Corp (ATO) had $28.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Atmos Energy Corp's capital expenditures?
Atmos Energy Corp (ATO) invested $3.6B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How many shares does Atmos Energy Corp have outstanding?
Atmos Energy Corp (ATO) had 162M shares outstanding as of fiscal year 2025.
What is Atmos Energy Corp's current ratio?
Atmos Energy Corp (ATO) had a current ratio of 0.77 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Atmos Energy Corp's debt-to-equity ratio?
Atmos Energy Corp (ATO) had a debt-to-equity ratio of 0.66 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Atmos Energy Corp's return on assets (ROA)?
Atmos Energy Corp (ATO) had a return on assets of 4.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Atmos Energy Corp's Altman Z-Score?
Atmos Energy Corp (ATO) has an Altman Z-Score of 1.79, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Atmos Energy Corp's Piotroski F-Score?
Atmos Energy Corp (ATO) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Atmos Energy Corp's earnings high quality?
Atmos Energy Corp (ATO) has an earnings quality ratio of 1.71x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Atmos Energy Corp cover its interest payments?
Atmos Energy Corp (ATO) has an interest coverage ratio of 9.1x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Atmos Energy Corp?
Atmos Energy Corp (ATO) scores 50 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.