ATO Financials Atmos Energy

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 29 h ago Overview →

Growth & profitability

Revenue has grown 10.8% per year over the past 5 years.
Net income has grown faster than revenue (14.8% vs 10.8% per year).
Operating margin has expanded, at 33.2% in the latest year.

Financial health

Total debt has grown in line with revenue (8.5% vs 10.8% per year).
Operating income covered interest expense 9.1× in the latest year.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 46.2% of earnings.
The dividend has grown 14.4% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$4.7B	$1.2B	0.0%	33.2%	-$1.5B	—	$203M
2024	$4.2B	$1.0B	0.0%	32.5%	-$1.2B	—	$307M
2023	$4.3B	$886M	66.0%	25.0%	$654M	—	$15M
2022	$4.2B	$774M	60.0%	21.9%	-$1.5B	—	$52M
2021	$3.4B	$666M	69.7%	26.6%	-$3.1B	—	$117M
2020	$2.8B	$601M	76.6%	29.2%	-$898M	—	$21M
2019	$2.9B	$511M	70.4%	25.7%	-$725M	$4.0B	$25M
2018	$3.1B	$603M	62.5%	23.4%	-$343M	$3.6B	$14M
2017	$2.8B	$396M	0.0%	26.7%	-$270M	$3.5B	$26M
2016	$2.5B	$350M	69.6%	26.8%	-$292M	$3.3B	$48M
2015	—	$315M	—	—	-$152M	$2.9B	$29M
2014	—	$290M	—	—	-$92M	$2.7B	$42M
2013	—	$243M	—	—	-$232M	$2.8B	$66M
2012	—	$217M	—	—	-$146M	$2.5B	$64M
2011	—	$208M	—	—	-$40M	$2.4B	$131M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
Mar '26	$2.0B	$582M	0.0%	39.0%	-$280M	—	$126M
Dec '25	$1.3B	$403M	0.0%	38.3%	-$725M	—	$367M
Sep '25	$737M	$175M	0.0%	29.8%	-$615M	—	$203M
Jun '25	$839M	$186M	0.0%	30.1%	-$371M	—	$709M
Mar '25	$2.0B	$486M	60.0%	32.2%	$83M	—	$544M
Dec '24	$1.2B	$352M	80.1%	39.1%	-$609M	—	$585M
Sep '24	$658M	$134M	0.0%	28.1%	-$477M	—	$307M
Jun '24	$702M	$166M	0.0%	31.4%	-$302M	—	$675M
Mar '24	$1.6B	$432M	62.1%	33.4%	$101M	—	$262M
Dec '23	$1.2B	$311M	70.7%	34.5%	-$524M	—	$278M
Sep '23	$588M	$119M	99.5%	26.2%	-$484M	—	$15M
Jun '23	$663M	$138M	93.3%	25.5%	-$339M	—	$56M
Mar '23	$1.5B	$358M	56.8%	27.4%	$2.1B	—	$95M
Dec '22	$1.5B	$272M	50.3%	21.6%	-$607M	—	$172M
Sep '22	$723M	$72M	73.6%	14.6%	-$670M	—	$52M
Jun '22	$816M	$129M	69.5%	18.9%	-$247M	—	$328M
Mar '22	$1.6B	$325M	47.2%	23.3%	$73M	—	$582M
Dec '21	$1.0B	$249M	63.4%	27.2%	-$622M	—	$264M
Sep '21	$568M	$49M	85.3%	16.0%	-$537M	—	$117M
Jun '21	$606M	$102M	85.7%	22.0%	-$268M	—	$525M

Valuation over time

How the market has priced ATO against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 24.2× (Mar '23) to 24.2× (Jun '26).
The price-to-sales ratio has risen from 4.5× (Mar '23) to 6.2× (Jun '26).
The dividend yield has fallen from 2.0% (Mar '23) to 1.9% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is ATO growing its revenue and profit?

Over the past 5 years, Atmos Energy's revenue has grown 10.8% per year, and net income grown 14.8% per year. These are computed facts, not advice.

How much debt does ATO have?

As of FY2025, Atmos Energy reported — of total debt against $203M of cash; operating income covered interest expense 9.1×.

What is ATO's profit margin?

In FY2025, gross margin was —, operating margin 33.2%, and net margin 25.5%.

What is ATO's P/E ratio?

As of Jun '26, Atmos Energy traded at a price-to-earnings ratio of about 24.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.