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 Aug 9, 2026, 10:12 UTC 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

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
2025	$4.7B	$1.2B	0.0%	33.2%	8.8%	4.2%	-$1.5B	—	$203M
2024	$4.2B	$1.0B	0.0%	32.5%	8.6%	4.1%	-$1.2B	—	$307M
2023	$4.3B	$886M	66.0%	25.0%	8.1%	3.9%	$654M	—	$15M
2022	$4.2B	$774M	60.0%	21.9%	8.2%	3.5%	-$1.5B	—	$52M
2021	$3.4B	$666M	69.7%	26.6%	8.4%	3.4%	-$3.1B	—	$117M
2020	$2.8B	$601M	76.6%	29.2%	8.9%	3.9%	-$898M	—	$21M
2019	$2.9B	$511M	70.4%	25.7%	8.9%	3.8%	-$725M	$4.0B	$25M
2018	$3.1B	$603M	62.5%	23.4%	12.6%	5.1%	-$343M	$3.6B	$14M
2017	$2.8B	$396M	0.0%	26.7%	10.2%	3.7%	-$270M	$3.5B	$26M
2016	$2.5B	$350M	69.6%	26.8%	10.1%	3.5%	-$292M	$3.3B	$48M
2015	—	$315M	—	—	9.9%	3.5%	-$152M	$2.9B	$29M
2014	—	$290M	—	—	9.4%	3.4%	-$92M	$2.7B	$42M
2013	—	$243M	—	—	9.4%	3.1%	-$232M	$2.8B	$66M
2012	—	$217M	—	—	9.2%	2.9%	-$146M	$2.5B	$64M
2011	—	$208M	—	—	9.2%	2.9%	-$40M	$2.4B	$131M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
Jun '26	$879M	$243M	0.0%	36.4%	1.6%	0.8%	-$399M	—	$521M
Mar '26	$2.0B	$582M	0.0%	39.0%	3.9%	1.9%	-$280M	—	$126M
Dec '25	$1.3B	$403M	0.0%	38.3%	2.8%	1.4%	-$725M	—	$367M
Sep '25	$737M	$175M	0.0%	29.8%	1.3%	0.6%	-$615M	—	$203M
Jun '25	$839M	$186M	0.0%	30.1%	1.4%	0.7%	-$371M	—	$709M
Mar '25	$2.0B	$486M	60.0%	32.2%	3.7%	1.8%	$83M	—	$544M
Dec '24	$1.2B	$352M	80.1%	39.1%	2.8%	1.3%	-$609M	—	$585M
Sep '24	$658M	$134M	0.0%	28.1%	1.1%	0.5%	-$477M	—	$307M
Jun '24	$702M	$166M	0.0%	31.4%	1.4%	0.7%	-$302M	—	$675M
Mar '24	$1.6B	$432M	62.1%	33.4%	3.7%	1.8%	$101M	—	$262M
Dec '23	$1.2B	$311M	70.7%	34.5%	2.8%	1.3%	-$524M	—	$278M
Sep '23	$588M	$119M	99.5%	26.2%	1.1%	0.5%	-$484M	—	$15M
Jun '23	$663M	$138M	93.3%	25.5%	1.3%	0.6%	-$339M	—	$56M
Mar '23	$1.5B	$358M	56.8%	27.4%	3.5%	1.7%	$2.1B	—	$95M
Dec '22	$1.5B	$272M	50.3%	21.6%	2.8%	1.2%	-$607M	—	$172M
Sep '22	$723M	$72M	73.6%	14.6%	0.8%	0.3%	-$670M	—	$52M
Jun '22	$816M	$129M	69.5%	18.9%	1.4%	0.6%	-$247M	—	$328M
Mar '22	$1.6B	$325M	47.2%	23.3%	3.6%	1.5%	$73M	—	$582M
Dec '21	$1.0B	$249M	63.4%	27.2%	3.0%	1.2%	-$622M	—	$264M
Sep '21	$568M	$49M	85.3%	16.0%	0.6%	0.2%	-$537M	—	$117M

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 risen from 24.5× (Mar '23) to 24.6× (Nov '26).
The price-to-sales ratio has risen from 4.5× (Mar '23) to 6.3× (Nov '26).
The dividend yield has fallen from 2.0% (Mar '23) to 1.9% (Nov '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?

Atmos Energy's P/E (TTM) is 21.04 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the ATO stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 24.6× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.