Stocks · Energy · Natural Gas Distribution

Atmos Energy

ATO Clue Score60
United States Fiscal year ends September CIK 0000731802
$162.38 +0.45% Close, 12 Oct 2026
Price $162.38 +82.49% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 13 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue2.76Operating income0.74Net income0.40EPS, diluted3.73Fiscal year 2018Revenue3.12 +12.9%Operating income0.73Net income0.60 +52.1%EPS, diluted5.43 +45.6%Fiscal year 2019Revenue2.90 −6.9%Operating income0.75Net income0.51 −15.2%EPS, diluted4.35 −19.9%Fiscal year 2020Revenue2.82 −2.8%Operating income0.82Net income0.60 +17.6%EPS, diluted4.89 +12.4%Fiscal year 2021Revenue3.41 +20.8%Operating income0.90Net income0.67 +10.7%EPS, diluted5.12 +4.7%Fiscal year 2022Revenue4.20 +23.3%Operating income0.92Net income0.77 +16.4%EPS, diluted5.60 +9.4%Fiscal year 2023Revenue4.28 +1.8%Operating income1.07Net income0.89 +14.4%EPS, diluted6.10 +8.9%Fiscal year 2024Revenue4.17 −2.6%Operating income1.36Net income1.04 +17.7%EPS, diluted6.83 +12.0%Fiscal year 2025Revenue4.70 +12.9%Operating income1.56Net income1.20 +14.9%EPS, diluted7.46 +9.2%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 2.76 3.12 2.90 2.82 3.41 4.20 4.28 4.17 4.70
Growth +12.9% −6.9% −2.8% +20.8% +23.3% +1.8% −2.6% +12.9%
Operating income 0.74 0.73 0.75 0.82 0.90 0.92 1.07 1.36 1.56
Net income 0.40 0.60 0.51 0.60 0.67 0.77 0.89 1.04 1.20
Growth +52.1% −15.2% +17.6% +10.7% +16.4% +14.4% +17.7% +14.9%
EPS, diluted 3.73 5.43 4.35 4.89 5.12 5.60 6.10 6.83 7.46
Growth +45.6% −19.9% +12.4% +4.7% +9.4% +8.9% +12.0% +9.2%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2017Operating margin26.7%Net margin14.4%Free cash flow margin−9.8%Fiscal year 2018Operating margin23.4%Net margin19.4%Free cash flow margin−11.0%Fiscal year 2019Operating margin25.7%Net margin17.6%Free cash flow margin−25.0%Fiscal year 2020Operating margin29.2%Net margin21.3%Free cash flow margin−31.8%Fiscal year 2021Operating margin26.6%Net margin19.5%Free cash flow margin−89.6%Fiscal year 2022Operating margin21.9%Net margin18.4%Free cash flow margin−34.9%Fiscal year 2023Operating margin25.0%Net margin20.7%Free cash flow margin15.3%Fiscal year 2024Operating margin32.5%Net margin25.0%Free cash flow margin−28.9%Fiscal year 2025Operating margin33.2%Net margin25.5%Free cash flow margin−32.2%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 26.7% 23.4% 25.7% 29.2% 26.6% 21.9% 25.0% 32.5% 33.2%
Net margin 14.4% 19.4% 17.6% 21.3% 19.5% 18.4% 20.7% 25.0% 25.5%
Free cash flow margin −9.8% −11.0% −25.0% −31.8% −89.6% −34.9% 15.3% −28.9% −32.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow0.87Capital expenditure−1.14Free cash flow−0.27Dividends paid−0.19Fiscal year 2018Operating cash flow1.12Capital expenditure−1.47Free cash flow−0.34Dividends paid−0.21Fiscal year 2019Operating cash flow0.97Capital expenditure−1.69Free cash flow−0.72Dividends paid−0.25Fiscal year 2020Operating cash flow1.04Capital expenditure−1.94Free cash flow−0.90Dividends paid−0.28Fiscal year 2021Operating cash flow−1.08Capital expenditure−1.97Free cash flow−3.05Dividends paid−0.32Fiscal year 2022Operating cash flow0.98Capital expenditure−2.44Free cash flow−1.47Dividends paid−0.38Fiscal year 2023Operating cash flow3.46Capital expenditure−2.81Free cash flow0.65Dividends paid−0.43Fiscal year 2024Operating cash flow1.73Capital expenditure−2.94Free cash flow−1.20 −284.1%Dividends paid−0.49Fiscal year 2025Operating cash flow2.05Capital expenditure−3.56Free cash flow−1.51Dividends paid−0.55
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.87 1.12 0.97 1.04 −1.08 0.98 3.46 1.73 2.05
Capital expenditure −1.14 −1.47 −1.69 −1.94 −1.97 −2.44 −2.81 −2.94 −3.56
Free cash flow −0.27 −0.34 −0.72 −0.90 −3.05 −1.47 0.65 −1.20 −1.51
Growth −284.1%
Dividends paid −0.19 −0.21 −0.25 −0.28 −0.32 −0.38 −0.43 −0.49 −0.55

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash0.03Total debt3.07Net cash (debt)−3.04Shareholders’ equity3.90Debt to equity0.79Fiscal year 2018Cash0.01Total debt3.07Net cash (debt)−3.05Shareholders’ equity4.77Debt to equity0.64Fiscal year 2019Cash0.02Total debt3.53Net cash (debt)−3.50Shareholders’ equity5.75Debt to equity0.61Fiscal year 2020Cash0.02Shareholders’ equity6.79Fiscal year 2021Cash0.12Shareholders’ equity7.91Fiscal year 2022Cash0.05Shareholders’ equity9.42Fiscal year 2023Cash0.02Shareholders’ equity10.87Fiscal year 2024Cash0.31Shareholders’ equity12.16Fiscal year 2025Cash0.20Shareholders’ equity13.56
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.03 0.01 0.02 0.02 0.12 0.05 0.02 0.31 0.20
Total debt 3.07 3.07 3.53 n/a n/a n/a n/a n/a n/a
Net cash (debt) −3.04 −3.05 −3.50 n/a n/a n/a n/a n/a n/a
Shareholders’ equity 3.90 4.77 5.75 6.79 7.91 9.42 10.87 12.16 13.56
Debt to equity 0.79 0.64 0.61 n/a n/a n/a n/a n/a n/a

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending September, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 30 Sep 2017 FY2018 30 Sep 2018 FY2019 30 Sep 2019 FY2020 30 Sep 2020 FY2021 30 Sep 2021 FY2022 30 Sep 2022 FY2023 30 Sep 2023 FY2024 30 Sep 2024 FY2025 30 Sep 2025
Margins
26.7% 23.4% 25.7% 29.2% 26.6% 21.9% 25.0% 32.5% 33.2%
21.9% 19.6% 22.4% 26.5% 24.0% 20.3% 23.4% 29.7% 31.4%
14.4% 19.4% 17.6% 21.3% 19.5% 18.4% 20.7% 25.0% 25.5%
−9.8% −11.0% −25.0% −31.8% −89.6% −34.9% 15.3% −28.9% −32.2%
Spending
41.2% 47.1% 58.4% 68.6% 57.8% 58.2% 65.6% 70.5% 75.7%
36.6% 1.3% 21.4% 19.5% 18.8% 9.1% 11.4% 15.6% 18.9%
Returns
10.2% 12.6% 8.9% 8.9% 8.4% 8.2% 8.1% 8.6% 8.8%
3.7% 5.1% 3.8% 3.9% 3.4% 3.5% 3.9% 4.1% 4.2%
Balance and payout
0.79 0.64 0.61 n/a n/a n/a n/a n/a n/a
48.4% 35.6% 48.0% 47.0% 48.7% 48.5% 48.6% 47.3% 46.2%
n/a n/a n/a n/a n/a n/a 65.8% n/a n/a