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.

Atmos Energy Corp (ATO) Financials

ATO

Trailing 12 months to June 30, 2026

Revenue $4.9B +6.5% YoY

Net Income $1.4B +21.1% YoY

EPS (Diluted) $8.40 +15.9% YoY

Free Cash Flow -$2.0B -47.1% YoY

Market Cap $28.6B as of Sep 3, 2026

Price / Sales 5.8x on $4.9B revenue, trailing 12 months to June 30, 2026

Price / Earnings 20.4x on $1.4B net income, trailing 12 months to June 30, 2026

Price / Book 1.9x on $15.3B equity, Q3 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Jun 30, 2026 Reported Aug 5, 2026 Currency USD FYE September

Newest figures come from the 10-Q for Q3 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ATO SEC filings page.

Atmos Energy Corp (ATO) reported $4.9B in revenue over the twelve months to Jun 30, 2026, up 6.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI ATO FY2025 2026-08-29

Profit is expanding, but a capital-heavy growth model absorbs operating cash and steadily increases the balance sheet.

From FY2023 to FY2025, operating margin rose from 25.0% to 33.2% while free cash flow swung from $654M positive to -$1.5B. The widening gap indicates that improving accounting earnings are being absorbed by accelerating reinvestment rather than converted into surplus cash.

Capital intensity is the central mechanic: capital expenditures reached $3.6B in FY2025 against $2.0B of operating cash flow, leaving investment above internally generated cash. Total assets expanded from $22.5B in FY2023 to $28.2B in FY2025, so growth has required greater balance-sheet capacity.

The financing posture is becoming more demanding: long-term debt increased from $6.6B to $8.9B, while the debt-to-equity ratio moved from 0.6x to 0.7x. A latest current ratio of 0.8x, alongside $554M of dividends, shows shareholder distributions continuing while near-term liquidity remains tighter than the long-term asset build.

Financial Health Signals

Financial Health Score 56/100

Scored as: Utilities peer group

Scored against utilities for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Atmos Energy Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

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 78/100, reflecting efficient cost management and pricing power. This is up from 32.5% the prior year.

Growth

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 51/100.

Leverage

Atmos Energy Corp has a moderate D/E ratio of 0.66. This balance of debt and equity financing earns a leverage score of 61/100.

Liquidity

Atmos Energy Corp's current ratio of 0.77 indicates adequate short-term liquidity, earning a score of 45/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

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 22/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Atmos Energy Corp earns a strong 8.8% return on equity (ROE), meaning it generates $9 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 78/100. This is up from 8.6% the prior year.

Altman Z-Score Distress

1.74

Atmos Energy Corp scores 1.74, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($28.6B) relative to total liabilities ($14.7B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

5/8

Atmos Energy Corp passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 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.

Earnings Quality Cash-Backed

1.71x

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.

Interest Coverage Safe

9.09x

Atmos Energy Corp earns $9.09 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

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Earnings & Revenue

Revenue

$879.1M

YoY+4.8%

QoQ-55.2%

5Y CAGR+7.7%

Atmos Energy Corp generated $879.1M in revenue in Q3 2026. This represents an increase of 4.8% from the same quarter a year earlier. Against the prior quarter it is down 55.2%.

EBITDA

$521.9M

YoY+19.2%

QoQ-45.7%

5Y CAGR+15.6%

10Y CAGR+10.0%

Atmos Energy Corp's EBITDA was $521.9M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 19.2% from the same quarter a year earlier. Against the prior quarter it is down 45.7%.

Net Income

$242.7M

YoY+30.2%

QoQ-58.3%

5Y CAGR+18.8%

10Y CAGR+13.0%

Atmos Energy Corp reported $242.7M in net income in Q3 2026. This represents an increase of 30.2% from the same quarter a year earlier. Against the prior quarter it is down 58.3%.

EPS (Diluted)

$1.43

YoY+23.3%

QoQ-58.8%

5Y CAGR+12.9%

Atmos Energy Corp earned $1.43 per diluted share (EPS) in Q3 2026. This represents an increase of 23.3% from the same quarter a year earlier. Against the prior quarter it is down 58.8%.

Cash & Balance Sheet

Free Cash Flow

-$399.4M

YoY-7.8%

QoQ-42.6%

Atmos Energy Corp recorded an outflow of $399.4M in free cash flow in Q3 2026, representing a cash shortfall after capex. This represents a decrease of 7.8% from the same quarter a year earlier. Against the prior quarter it is down 42.6%.

Cash & Debt

$521.0M

YoY-26.6%

QoQ+314.5%

5Y CAGR-0.1%

10Y CAGR+22.9%

Atmos Energy Corp held $521.0M in cash against $9.7B in long-term debt as of Q3 2026.

Dividends Per Share

$1.00

YoY+14.9%

QoQ0.0%

Atmos Energy Corp paid $1.00 per share in dividends in Q3 2026. This represents an increase of 14.9% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

169M

YoY+5.3%

QoQ+1.2%

5Y CAGR+5.3%

10Y CAGR+5.0%

Atmos Energy Corp had 169M shares outstanding in Q3 2026. This represents an increase of 5.3% from the same quarter a year earlier. Against the prior quarter it is up 1.2%.

Margins & Returns

Operating Margin

36.4%

YoY+6.4pp

QoQ-2.5pp

5Y CAGR+14.4pp

Atmos Energy Corp's operating margin was 36.4% in Q3 2026, reflecting core business profitability. This is up 6.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.5 percentage points.

Net Margin

27.6%

YoY+5.4pp

QoQ-2.0pp

5Y CAGR+10.7pp

Atmos Energy Corp's net profit margin was 27.6% in Q3 2026, showing the share of revenue converted to profit. This is up 5.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.0 percentage points.

Return on Equity

1.6%

YoY+0.2pp

QoQ-2.3pp

5Y CAGR+0.3pp

10Y CAGR-0.5pp

Atmos Energy Corp's ROE was 1.6% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is up 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.3 percentage points.

Gross Margin

Not reported for Q3 2026.

Capital Allocation

Capital Expenditures

$1.0B

YoY+19.9%

QoQ+3.6%

5Y CAGR+15.2%

10Y CAGR+15.1%

Atmos Energy Corp invested $1.0B in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 19.9% from the same quarter a year earlier. Against the prior quarter it is up 3.6%.

R&D Spending

Not reported for Q3 2026.

Share Buybacks

Not reported for Q3 2026.

ATO Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ATO quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$4.9B	$4.7B+12.9%	$4.2B-2.6%	$4.3B+1.8%	$4.2B+23.3%	$3.4B+20.8%	$2.8B-2.8%	$2.9B-6.9%	$3.1B+12.9%	$2.8B+12.4%	$2.5B	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	$1.5B-13.7%	$1.7B+62.9%	$1.0B+56.7%	$658.9M-23.3%	$858.8M-26.5%	$1.2B	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	$2.8B+12.1%	$2.5B+6.1%	$2.4B+9.8%	$2.2B+5.8%	$2.0B+4.9%	$1.9B	N/A	$1.7B+4.7%	$1.6B+7.2%	$1.5B+7.8%	$1.4B+6.7%	$1.3B+1.8%	$1.3B
Operating Income	$1.8B	$1.6B+15.1%	$1.4B+27.0%	$1.1B+15.9%	$921.0M+1.8%	$905.0M+9.8%	$824.1M+10.5%	$746.1M+2.5%	$727.9M-1.0%	$735.6M+11.9%	$657.2M+7.3%	$612.2M+6.1%	$577.2M+15.0%	$501.9M+12.5%	$446.2M+4.8%	$426.0M
EBITDA	N/A	$2.3B+13.3%	$2.0B+21.2%	$1.7B+14.7%	$1.5B+5.3%	$1.4B+10.3%	$1.3B+10.2%	$1.1B+4.5%	$1.1B+3.2%	$1.1B+11.0%	$950.3M+7.1%	$887.0M+6.7%	$831.2M+12.8%	$737.0M+7.8%	$683.8M+5.2%	$649.8M
Interest Expense	$142.5M	$171.7M-9.9%	$190.6M+38.9%	$137.3M+33.5%	$102.8M+23.0%	$83.6M-1.1%	$84.5M-18.1%	$103.2M-3.3%	$106.6M-11.3%	$120.2M+4.7%	$114.8M-1.2%	$116.2M-10.1%	$129.3M+0.7%	$128.4M-9.1%	$141.2M-6.4%	$150.8M
Income Tax	$351.1M	$279.3M+44.8%	$192.9M+69.5%	$113.8M+46.8%	$77.5M-49.6%	$153.7M+5.8%	$145.4M+4.6%	$138.9M+1619.1%	$8.1M-96.4%	$221.4M+12.6%	$196.6M+3.7%	$189.5M+8.6%	$174.6M+22.4%	$142.6M+45.2%	$98.2M-8.0%	$106.8M
Net Income	$1.4B	$1.2B+14.9%	$1.0B+17.7%	$885.9M+14.4%	$774.4M+16.4%	$665.6M+10.7%	$601.4M+17.6%	$511.4M-15.2%	$603.1M+52.1%	$396.4M+13.2%	$350.1M+11.1%	$315.1M+8.7%	$289.8M+19.2%	$243.2M+12.2%	$216.7M+4.4%	$207.6M
EPS (Basic)	N/A	$7.54+10.4%	$6.83+12.0%	$6.10+8.7%	$5.61+9.6%	$5.12+4.7%	$4.89+12.2%	$4.36-19.7%	$5.43+45.6%	$3.73+10.4%	$3.38+9.4%	$3.09+4.4%	$2.96+10.4%	$2.68+12.1%	$2.39+4.8%	$2.28
EPS (Diluted)	$8.40	$7.46+9.2%	$6.83+12.0%	$6.10+8.9%	$5.60+9.4%	$5.12+4.7%	$4.89+12.4%	$4.35-19.9%	$5.43+45.6%	$3.73+10.4%	$3.38+9.4%	$3.09+4.4%	$2.96+12.1%	$2.64+11.4%	$2.37+4.4%	$2.27
Diluted Shares (Avg)	N/A	161M+5.2%	153M+5.2%	145M+5.1%	138M+6.4%	130M+5.7%	123M+4.6%	117M+5.8%	111M+4.6%	106M+2.5%	104M+1.6%	102M+4.4%	98M+6.4%	92M+0.6%	91M+0.6%	91M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Revenue	$879.1M+4.8%	$2.0B+0.6%	$1.3B+14.2%	$737.5M+12.1%	$838.8M+19.6%	$2.0B+18.4%	$1.2B+1.5%	$657.9M+12.0%
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	$779.2M+24.8%	$234.0M-30.9%	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	$1.2B+14.5%	$942.0M+14.9%	N/A
Operating Income	$320.4M+27.1%	$764.8M+21.6%	$514.8M+12.0%	$219.5M+18.6%	$252.1M+14.4%	$628.9M+14.1%	$459.5M+15.1%	$185.0M+20.1%
EBITDA	$521.9M+19.2%	$960.5M+18.3%	$709.4M+10.8%	$405.2M+13.0%	$437.9M+13.1%	$811.7M+13.4%	$640.0M+13.5%	$358.4M+14.4%
Interest Expense	$33.1M-20.2%	$48.7M-2.6%	$33.4M-36.9%	$27.2M-35.5%	$41.5M+0.9%	$50.0M-9.8%	$52.9M+2.0%	$42.2M+32.5%
Income Tax	$60.6M+37.1%	$151.7M+29.1%	$100.6M+26.8%	$38.2M+50.5%	$44.2M+32.2%	$117.5M+46.5%	$79.3M+47.4%	$25.4M+35.6%
Net Income	$242.7M+30.2%	$581.9M+19.8%	$403.0M+14.5%	$174.9M+30.5%	$186.4M+12.6%	$485.6M+12.4%	$351.9M+13.0%	$134.0M+13.1%
EPS (Basic)	$1.44+23.1%	$3.49+14.4%	$2.48+10.2%	$1.07+28.9%	$1.17+8.3%	$3.05+7.0%	$2.25+8.2%	$0.83+7.8%
EPS (Diluted)	$1.43+23.3%	$3.47+14.5%	$2.44+9.4%	$1.06+27.7%	$1.16+7.4%	$3.03+6.3%	$2.23+7.2%	$0.83+7.8%
Diluted Shares (Avg)	169M+5.1%	168M+4.6%	165M+4.5%	N/A	161M+5.1%	160M+6.0%	158M+5.4%	N/A

Not reported in any period shown, so not listed: R&D Expenses, SG&A Expenses.

ATO Balance Sheet

ATO quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$28.2B+12.1%	$25.2B+11.9%	$22.5B+1.5%	$22.2B+13.2%	$19.6B+27.7%	$15.4B+14.9%	$13.4B+12.6%	$11.9B+10.5%	$10.7B+7.4%	$10.0B+10.3%	$9.1B+5.6%	$8.6B+8.3%	$7.9B+5.9%	$7.5B+2.9%	$7.3B
Current Assets	$1.1B-7.0%	$1.1B+27.8%	$885.8M-70.9%	$3.0B+7.4%	$2.8B+502.4%	$471.3M+2.9%	$458.0M-4.3%	$478.9M-11.3%	$539.6M-20.8%	$681.7M+8.8%	$626.3M-19.3%	$775.8M+14.6%	$677.1M-18.2%	$828.0M-18.1%	$1.0B
Cash & Equivalents	$202.7M-34.1%	$307.3M+1895.2%	$15.4M-70.1%	$51.6M-55.8%	$116.7M+461.0%	$20.8M-15.2%	$24.6M+78.3%	$13.8M-47.9%	$26.4M-44.4%	$47.5M+65.9%	$28.7M-32.2%	$42.3M-36.2%	$66.2M+3.1%	$64.2M-51.1%	$131.4M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$375.5M+2.6%	$365.9M+11.3%	$328.7M-9.6%	$363.7M+6.0%	$343.0M+48.7%	$230.6M0.0%	$230.6M-9.0%	$253.3M+14.0%	$222.3M+3.0%	$215.9M+1.2%	$213.3M-37.9%	$343.4M+13.7%	$302.0M+28.8%	$234.5M-14.2%	$273.3M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$731.3M0.0%	$731.3M0.0%	$731.3M0.0%	$731.3M0.0%	$731.3M0.0%	$731.3M+0.1%	$730.7M0.0%	$730.4M0.0%	$730.1M+0.4%	$727.0M+0.1%	$726.3M-2.1%	$742.0M+0.1%	$741.4M+0.1%	$740.7M+0.1%	$740.0M
Total Liabilities	$14.7B+12.7%	$13.0B+11.9%	$11.6B-8.8%	$12.8B+9.2%	$11.7B+36.6%	$8.6B+12.5%	$7.6B+7.2%	$7.1B+3.7%	$6.9B+4.6%	$6.5B+11.4%	$5.9B+6.7%	$5.5B+2.9%	$5.4B+4.2%	$5.1B+2.2%	$5.0B
Current Liabilities	$1.4B+13.0%	$1.2B-10.8%	$1.4B-62.5%	$3.6B+2.6%	$3.5B+348.7%	$782.4M-35.3%	$1.2B-36.8%	$1.9B+89.0%	$1.0B-43.3%	$1.8B+54.9%	$1.2B+26.8%	$910.6M-6.9%	$978.5M-23.3%	$1.3B+47.1%	$867.6M
Non-Current Liabilities	$13.3B+12.7%	$11.8B+14.9%	$10.3B+12.2%	$9.2B+12.0%	$8.2B+5.2%	$7.8B+21.5%	$6.4B+23.5%	$5.2B-11.1%	$5.8B+22.6%	$4.8B+0.7%	$4.7B+2.8%	$4.6B+5.1%	$4.4B+13.3%	$3.9B-7.2%	$4.2B
Long-Term Debt	$8.9B+14.4%	$7.8B+18.8%	$6.6B+13.8%	$5.8B+16.8%	$4.9B+8.8%	$4.5B+28.4%	$3.5B+41.5%	$2.5B-18.7%	$3.1B+40.1%	$2.2B-10.2%	$2.4B-0.8%	$2.5B0.0%	$2.5B+25.5%	$2.0B-11.3%	$2.2B
Total Equity	$13.6B+11.5%	$12.2B+11.8%	$10.9B+15.4%	$9.4B+19.1%	$7.9B+16.4%	$6.8B+18.1%	$5.8B+20.6%	$4.8B+22.3%	$3.9B+12.6%	$3.5B+8.4%	$3.2B+3.5%	$3.1B+19.6%	$2.6B+9.4%	$2.4B+4.6%	$2.3B
Retained Earnings	$4.9B+15.3%	$4.2B+15.0%	$3.7B+14.2%	$3.2B+14.2%	$2.8B+13.8%	$2.5B+14.8%	$2.2B+14.6%	$1.9B+28.0%	$1.5B+16.2%	$1.3B+17.7%	$1.1B+16.9%	$918.0M+18.4%	$775.3M+17.3%	$660.9M+15.9%	$570.5M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Total Assets	$31.6B+14.0%	$30.4B+12.6%	$29.8B+12.5%	$28.2B+12.1%	$27.7B+11.3%	$27.0B+12.4%	$26.5B+11.9%	$25.2B+11.9%
Current Assets	$1.5B-3.3%	$1.3B-20.7%	$1.6B-10.5%	$1.1B-7.0%	$1.6B-9.2%	$1.6B+11.1%	$1.8B+8.8%	$1.1B+27.8%
Cash & Equivalents	$521.0M-26.6%	$125.7M-76.9%	$367.0M-37.2%	$202.7M-34.1%	$709.4M+5.2%	$543.5M+107.1%	$584.5M+110.0%	$307.3M+1895.2%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$469.5M+17.5%	$644.6M-2.4%	$731.1M+16.3%	$375.5M+2.6%	$399.5M+2.0%	$660.6M+10.8%	$628.9M-2.7%	$365.9M+11.3%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$731.3M0.0%	$731.3M0.0%	$731.3M0.0%	$731.3M0.0%	$731.3M0.0%	$731.3M0.0%	$731.3M0.0%	$731.3M0.0%
Total Liabilities	$16.3B+14.0%	$15.5B+11.8%	$15.5B+13.1%	$14.7B+12.7%	$14.3B+12.7%	$13.8B+11.8%	$13.7B+10.5%	$13.0B+11.9%
Current Liabilities	$1.8B+63.2%	$1.3B+5.0%	$1.4B+23.2%	$1.4B+13.0%	$1.1B+14.8%	$1.2B+13.6%	$1.2B+0.4%	$1.2B-10.8%
Non-Current Liabilities	$14.5B+9.8%	$14.2B+12.4%	$14.1B+12.2%	$13.3B+12.7%	$13.2B+12.6%	$12.6B+11.6%	$12.5B+11.6%	$11.8B+14.9%
Long-Term Debt	$9.7B+9.4%	$9.6B+13.6%	$9.6B+13.6%	$8.9B+14.4%	$8.9B+14.4%	$8.4B+13.0%	$8.4B+13.0%	$7.8B+18.8%
Total Equity	$15.3B+14.0%	$14.9B+13.5%	$14.3B+11.8%	$13.6B+11.5%	$13.4B+9.9%	$13.1B+13.1%	$12.8B+13.4%	$12.2B+11.8%
Retained Earnings	$5.6B+15.8%	$5.5B+15.4%	$5.1B+15.1%	$4.9B+15.3%	$4.8B+14.7%	$4.8B+14.7%	$4.4B+14.9%	$4.2B+15.0%

Not reported in any period shown, so not listed: Inventory.

ATO Cash Flow Statement

ATO quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$2.0B	$2.0B+18.2%	$1.7B-49.9%	$3.5B+253.9%	$977.6M+190.2%	-$1.1B-204.5%	$1.0B+7.1%	$968.8M-13.9%	$1.1B+29.7%	$867.1M+9.1%	$795.0M-2.1%	$811.9M+10.8%	$732.8M+19.5%	$613.1M+4.5%	$586.9M+0.7%	$582.8M
Depreciation & Amortization	N/A	$734.7M+9.7%	$670.0M+10.9%	$604.3M+12.8%	$535.7M+12.1%	$478.0M+11.2%	$429.8M+9.8%	$391.5M+8.4%	$361.1M+13.0%	$319.6M+9.1%	$293.1M+6.7%	$274.8M+8.2%	$254.0M+8.0%	$235.1M-1.0%	$237.5M+6.1%	$223.8M
Stock-Based Compensation	N/A	$12.7M+18.9%	$10.7M+5.2%	$10.2M-5.3%	$10.7M-4.5%	$11.3M+17.4%	$9.6M-13.8%	$11.1M-13.5%	$12.9M-8.5%	$14.1M-4.7%	$14.8M-7.6%	$16.0M+8.6%	$14.7M-17.4%	$17.8M-7.3%	$19.2M+65.9%	$11.6M
Capital Expenditures	$4.0B	$3.6B+21.3%	$2.9B+4.7%	$2.8B+14.8%	$2.4B+24.1%	$2.0B+1.7%	$1.9B+14.3%	$1.7B+15.4%	$1.5B+29.1%	$1.1B+4.6%	$1.1B+12.8%	$963.6M+16.9%	$824.4M-2.4%	$845.0M+15.3%	$732.9M+17.6%	$623.0M
Free Cash Flow	-$2.0B	-$1.5B-25.6%	-$1.2B-284.1%	$653.8M+144.6%	-$1.5B+52.0%	-$3.1B-240.2%	-$897.7M-23.9%	-$724.7M-111.3%	-$342.9M-27.0%	-$270.0M+7.5%	-$292.0M-92.4%	-$151.7M-65.6%	-$91.6M+60.5%	-$231.9M-58.9%	-$145.9M-263.8%	-$40.1M
Investing Cash Flow	-$4.0B	-$3.6B-21.8%	-$2.9B-4.6%	-$2.8B-15.0%	-$2.4B-23.7%	-$2.0B-2.0%	-$1.9B-14.4%	-$1.7B-15.0%	-$1.5B-38.6%	-$1.1B+2.2%	-$1.1B-12.9%	-$956.6M-16.0%	-$825.0M-18.4%	-$696.9M-14.4%	-$609.3M+2.9%	-$627.4M
Financing Cash Flow	$1.8B	$1.4B-4.9%	$1.5B+312.2%	-$696.8M-150.2%	$1.4B-55.9%	$3.1B+255.7%	$883.8M+21.8%	$725.7M+122.4%	$326.3M+94.1%	$168.1M-44.6%	$303.6M+131.6%	$131.1M+92.1%	$68.2M-20.4%	$85.7M+291.2%	-$44.8M-201.9%	$44.0M
Dividends Paid	$632.1M	$553.8M+12.3%	$492.9M+14.5%	$430.3M+14.5%	$375.9M+16.1%	$323.9M+14.7%	$282.4M+14.9%	$245.7M+14.3%	$214.9M+12.0%	$191.9M+9.6%	$175.1M+9.4%	$160.0M+9.4%	$146.2M+14.2%	$128.1M+1.8%	$125.8M+1.4%	$124.0M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Operating Cash Flow	$639.9M+28.9%	$723.5M-21.6%	$308.1M+9.2%	$348.1M+5.3%	$496.4M+20.7%	$922.9M+23.6%	$282.0M+15.0%	$330.7M+38.8%
Depreciation & Amortization	$201.5M+8.5%	$195.7M+7.1%	$194.6M+7.8%	$185.7M+7.0%	$185.8M+11.4%	$182.8M+10.7%	$180.5M+9.7%	$173.4M+8.9%
Capital Expenditures	$1.0B+19.9%	$1.0B+19.5%	$1.0B+16.0%	$963.6M+19.3%	$866.9M+21.5%	$839.7M+30.0%	$891.2M+15.8%	$808.0M+11.8%
Free Cash Flow	-$399.4M-7.8%	-$280.1M-436.4%	-$725.3M-19.1%	-$615.5M-29.0%	-$370.6M-22.5%	$83.3M-17.3%	-$609.2M-16.2%	-$477.3M+1.4%
Investing Cash Flow	-$1.0B-18.7%	-$1.0B-20.7%	-$1.0B-16.5%	-$967.6M-20.4%	-$876.1M-23.4%	-$828.6M-28.5%	-$888.9M-16.3%	-$803.7M-11.9%
Financing Cash Flow	$799.1M+45.8%	$32.2M+123.3%	$895.3M+0.9%	$109.7M+6.9%	$548.2M-23.2%	-$138.6M-12.4%	$887.5M+13.0%	$102.6M-76.7%
Dividends Paid	$166.2M+20.0%	$164.1M+18.6%	$160.4M+18.4%	$141.4M+12.1%	$138.4M+10.6%	$138.4M+13.8%	$135.5M+13.0%	$126.2M+13.4%

Not reported in any period shown, so not listed: Stock-Based Compensation, Share Buybacks.

ATO Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ATO quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	N/A	N/A	66.0%+6.1pp	60.0%-9.7pp	69.7%-7.0pp	76.6%+6.3pp	70.4%+7.9pp	62.5%	N/A	69.6%	N/A	N/A	N/A	N/A	N/A
Operating Margin	33.2%+0.6pp	32.5%+7.6pp	25.0%+3.0pp	21.9%-4.6pp	26.6%-2.7pp	29.2%+3.5pp	25.7%+2.3pp	23.4%-3.3pp	26.7%-0.1pp	26.8%	N/A	N/A	N/A	N/A	N/A
Net Margin	25.5%+0.5pp	25.0%+4.3pp	20.7%+2.3pp	18.4%-1.1pp	19.5%-1.8pp	21.3%+3.7pp	17.6%-1.7pp	19.4%+5.0pp	14.4%+0.1pp	14.3%	N/A	N/A	N/A	N/A	N/A
Return on Equity	8.8%+0.3pp	8.6%+0.4pp	8.2%-0.1pp	8.2%-0.2pp	8.4%-0.4pp	8.9%0.0pp	8.9%-3.8pp	12.6%+2.5pp	10.2%+0.1pp	10.1%+0.3pp	9.9%+0.5pp	9.4%0.0pp	9.4%+0.2pp	9.2%0.0pp	9.2%
Return on Assets	4.2%+0.1pp	4.1%+0.2pp	3.9%+0.4pp	3.5%+0.1pp	3.4%-0.5pp	3.9%+0.1pp	3.8%-1.2pp	5.1%+1.4pp	3.7%+0.2pp	3.5%0.0pp	3.5%+0.1pp	3.4%+0.3pp	3.1%+0.2pp	2.9%0.0pp	2.9%
Current Ratio	0.77-0.2x	0.94+0.3x	0.65-0.2x	0.850.0x	0.81+0.2x	0.60+0.2x	0.38+0.1x	0.25-0.3x	0.53+0.2x	0.38-0.2x	0.54-0.3x	0.85+0.2x	0.690.0x	0.65-0.5x	1.17
Debt-to-Equity	0.660.0x	0.640.0x	0.600.0x	0.610.0x	0.620.0x	0.67+0.1x	0.61+0.1x	0.52-0.3x	0.79+0.2x	0.63-0.1x	0.760.0x	0.80-0.2x	0.95+0.1x	0.83-0.1x	0.98
Asset Turnover	0.170.0x	0.170.0x	0.190.0x	0.190.0x	0.170.0x	0.180.0x	0.220.0x	0.260.0x	0.260.0x	0.25	N/A	N/A	N/A	N/A	N/A
FCF Margin	-32.1%-3.3pp	-28.9%-44.2pp	15.3%+50.2pp	-34.9%+54.7pp	-89.6%-57.8pp	-31.8%-6.8pp	-25.0%-14.0pp	-11.0%-1.2pp	-9.8%+2.1pp	-11.9%	N/A	N/A	N/A	N/A	N/A

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Gross Margin	N/A	N/A	N/A	N/A	N/A	60.1%-2.0pp	80.1%+9.4pp	N/A
Operating Margin	36.4%+6.4pp	39.0%+6.7pp	38.3%-0.7pp	29.8%+1.6pp	30.0%-1.4pp	32.2%-1.2pp	39.1%+4.6pp	28.1%+1.9pp
Net Margin	27.6%+5.4pp	29.6%+4.8pp	30.0%+0.1pp	23.7%+3.3pp	22.2%-1.4pp	24.9%-1.3pp	29.9%+3.1pp	20.4%+0.2pp
Return on Equity	1.6%+0.2pp	3.9%+0.2pp	2.8%+0.1pp	1.3%+0.2pp	1.4%0.0pp	3.7%0.0pp	2.8%0.0pp	1.1%0.0pp
Return on Assets	0.8%+0.1pp	1.9%+0.1pp	1.4%0.0pp	0.6%+0.1pp	0.7%0.0pp	1.8%0.0pp	1.3%0.0pp	0.5%0.0pp
Current Ratio	0.81-0.6x	1.00-0.3x	1.13-0.4x	0.77-0.2x	1.37-0.4x	1.330.0x	1.56+0.1x	0.94+0.3x
Debt-to-Equity	0.640.0x	0.640.0x	0.670.0x	0.660.0x	0.670.0x	0.640.0x	0.660.0x	0.640.0x
Asset Turnover	0.030.0x	0.060.0x	0.050.0x	0.030.0x	0.030.0x	0.070.0x	0.040.0x	0.030.0x
FCF Margin	-45.4%-1.3pp	-14.3%-18.5pp	-54.0%-2.2pp	-83.5%-10.9pp	-44.2%-1.1pp	4.3%-1.8pp	-51.8%-6.5pp	-72.5%+9.9pp

Note: The current ratio is below 1.0 (0.77), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Atmos Energy Corp ATO	FY2025	$4.7B	$1.2B	25.5%	$28.6B	56/100
NiSource NI	FY2025	$6.5B	$929.5M	14.2%	$19.7B	57/100
American Wtr Wks Co Inc AWK	FY2025	$5.1B	$1.1B	21.7%	$27.7B	53/100
Ameren AEE	FY2025	$8.8B	$1.5B	16.6%	$29.3B	48/100
Dte Energy Co DTE	FY2025	N/A	$1.5B	N/A	$28.3B	—
PPL PPL	FY2025	$9.0B	$1.2B	13.1%	$26.0B	51/100

Where Atmos Energy Corp Ranks

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 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) recorded an outflow of $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 P/E ratio?

Atmos Energy Corp (ATO) trades at 20.4x earnings, its market capitalization divided by net income of $1.4B net income, trailing 12 months to June 30, 2026. The market capitalization is $28.6B as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Atmos Energy Corp's price-to-sales ratio?

Atmos Energy Corp (ATO) trades at 5.8x sales, its market capitalization divided by revenue of $4.9B revenue, trailing 12 months to June 30, 2026. The market capitalization is $28.6B as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Atmos Energy Corp's Altman Z-Score?

Atmos Energy Corp (ATO) has an Altman Z-Score of 1.74, 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 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 9.09x, 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 56 out of 100 on our Financial Health Score, indicating moderate standing within its utilities peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.