Atmos Energy (ATO) Financials

$154.12 +0.40 (+0.26%)

Closing price 03:59 PM Eastern

Extended Trading

$154.30 +0.19 (+0.12%)

As of 05:48 PM Eastern

Annual Income Statements for Atmos Energy

This table shows Atmos Energy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	9/30/2024	9/30/2023	9/30/2022	9/30/2021	9/30/2020	9/30/2019	9/30/2018	9/30/2017	9/30/2016	9/30/2015
Net Income / (Loss) Attributable to Common Shareholders	1,043	886	774	666	601	511	603	396	350	315
Consolidated Net Income / (Loss)	1,043	886	774	666	601	511	603	396	350	315
Net Income / (Loss) Continuing Operations	1,043	886	774	666	601	511	603	383	346	306
Total Pre-Tax Income	1,236	1,000	852	819	747	650	611	604	542	495
Total Operating Income	1,355	1,067	921	905	824	746	728	736	657	612
Total Gross Profit	3,231	2,823	2,519	2,375	2,162	2,043	1,948	1,834	1,708	1,631
Total Revenue	4,165	4,275	4,202	3,407	2,821	2,902	3,116	2,760	2,455	2,927
Operating Revenue	4,165	4,275	4,202	3,407	2,821	2,902	3,116	2,760	2,455	2,927
Total Cost of Revenue	934	1,452	1,683	1,033	659	859	1,168	926	746	1,296
Operating Cost of Revenue	934	1,452	1,683	1,033	659	859	1,168	926	746	1,296
Total Operating Expenses	1,876	1,756	1,598	1,470	1,338	1,297	1,220	1,099	1,051	1,019
Selling, General & Admin Expense	819	765	710	679	630	630	595	539	539	516
Depreciation Expense	670	604	536	478	430	391	361	319	291	272
Other Operating Expenses / (Income)	387	387	352	313	279	275	264	240	222	230
Total Other Income / (Expense), net	-120	-68	-69	-86	-77	-96	-117	-132	-115	-117
Interest Expense	191	137	103	84	84	103	107	120	115	116
Other Income / (Expense), net	71	70	34	-2.15	7.17	7.40	-10	-11	-0.23	-0.82
Income Tax Expense	193	114	78	154	145	139	8.08	221	197	190
Basic Earnings per Share	$6.83	$6.10	$5.61	$5.12	$4.89	$4.36	$5.43	$3.73	$3.38	$3.09
Weighted Average Basic Shares Outstanding	152.51M	145.12M	137.83M	129.78M	122.79M	117.20M	111.01M	106.10M	103.52M	101.89M
Diluted Earnings per Share	$6.83	$6.10	$5.60	$5.12	$4.89	$4.35	$5.43	$3.73	$3.38	$3.09
Weighted Average Diluted Shares Outstanding	152.67M	145.17M	138.10M	129.83M	122.87M	117.46M	111.01M	106.10M	103.52M	101.89M
Weighted Average Basic & Diluted Shares Outstanding	155.40M	148.50M	140.90M	132.43M	125.89M	119.34M	111.01M	106.10M	103.52M	101.89M
Cash Dividends to Common per Share	$3.22	$2.96	$2.72	$2.50	$2.30	$2.10	$1.94	$1.80	$1.68	$1.56

This table shows Atmos Energy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	486	352	134	166	432	311	119	138	358	272	72
Consolidated Net Income / (Loss)	486	352	134	166	432	311	119	138	358	272	72
Net Income / (Loss) Continuing Operations	486	352	134	166	432	311	119	138	358	272	72
Total Pre-Tax Income	603	431	159	199	512	365	137	154	403	306	84
Total Operating Income	629	459	185	220	551	399	154	169	423	321	105
Total Gross Profit	1,171	942	685	704	1,023	820	584	618	875	746	532
Total Revenue	1,951	1,176	658	702	1,647	1,158	588	663	1,541	1,484	723
Operating Revenue	1,951	1,176	658	702	1,647	1,158	588	663	1,541	1,484	723
Total Cost of Revenue	779	234	-27	-2.59	624	339	3.16	45	666	738	191
Operating Cost of Revenue	779	234	-27	-2.59	624	339	3.16	45	666	738	191
Total Operating Expenses	542	482	500	484	472	420	430	449	452	425	426
Selling, General & Admin Expense	233	207	242	211	200	166	190	195	195	185	205
Depreciation Expense	183	181	173	167	165	165	159	151	148	146	140
Other Operating Expenses / (Income)	126	95	85	106	107	90	81	103	109	94	81
Total Other Income / (Expense), net	-26	-28	-26	-21	-39	-34	-17	-15	-20	-16	-21
Interest Expense	50	53	42	41	55	52	32	31	37	37	28
Other Income / (Expense), net	24	25	17	20	17	18	15	16	17	21	6.56
Income Tax Expense	118	79	25	33	80	54	19	16	45	34	12
Basic Earnings per Share	$3.05	$2.25	$0.82	$1.08	$2.85	$2.08	$0.76	$0.94	$2.48	$1.92	$0.46
Weighted Average Basic Shares Outstanding	159.18M	156.30M	152.51M	153.31M	151.27M	149.80M	145.12M	146.05M	143.94M	141.82M	137.83M
Diluted Earnings per Share	$3.03	$2.23	$0.82	$1.08	$2.85	$2.08	$0.77	$0.94	$2.48	$1.91	$0.45
Weighted Average Diluted Shares Outstanding	160.43M	157.82M	152.67M	153.40M	151.30M	149.80M	145.17M	146.07M	143.99M	141.94M	138.10M
Weighted Average Basic & Diluted Shares Outstanding	158.84M	158.73M	155.40M	155.23M	150.88M	150.84M	148.50M	148.46M	144.49M	143.16M	140.90M
Cash Dividends to Common per Share	$0.87	$0.87	-	$0.81	$0.81	$0.81	-	$0.74	$0.74	$0.74	-

This table details how cash moves in and out of Atmos Energy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	9/30/2024	9/30/2023	9/30/2022	9/30/2021	9/30/2020	9/30/2019	9/30/2018	9/30/2017	9/30/2016	9/30/2015
Net Change in Cash & Equivalents	290	-32	-65	96	-3.74	11	-13	-21	19	-14
Net Cash From Operating Activities	1,734	3,460	978	-1,084	1,038	969	1,125	867	795	812
Net Cash From Continuing Operating Activities	1,734	3,460	978	-1,084	1,038	969	1,125	867	795	812
Net Income / (Loss) Continuing Operations	1,043	886	774	666	601	511	603	396	350	315
Consolidated Net Income / (Loss)	1,043	886	774	666	601	511	603	396	350	315
Depreciation Expense	670	604	536	478	430	391	361	320	293	275
Amortization Expense	-6.88	3.64	9.14	14	12	9.46	7.87	6.47	5.67	5.92
Non-Cash Adjustments To Reconcile Net Income	-46	-54	-31	-18	-26	1.13	-140	-9.35	16	16
Changes in Operating Assets and Liabilities, net	74	2,020	-310	-2,224	22	55	293	154	130	200
Net Cash From Investing Activities	-2,923	-2,795	-2,430	-1,964	-1,926	-1,684	-1,464	-1,056	-1,080	-957
Net Cash From Continuing Investing Activities	-2,923	-2,795	-2,430	-1,964	-1,926	-1,688	-1,467	-1,197	-1,080	-957
Purchase of Property, Plant & Equipment	-2,937	-2,806	-2,444	-1,970	-1,936	-1,693	-1,468	-1,223	-1,087	-964
Purchase of Investments	-20	-47	-28	-50	-51	-29	-46	-54	-33	-30
Sale and/or Maturity of Investments	18	38	32	44	51	26	38	41	33	31
Other Investing Activities, net	16	19	10	12	9.67	8.60	9.35	39	6.46	5.42
Net Cash From Financing Activities	1,479	-697	1,387	3,144	884	726	326	168	304	131
Net Cash From Continuing Financing Activities	1,479	-697	1,387	3,144	884	726	326	168	304	131
Repayment of Debt	-265	-4,172	-210	-14	-473	-697	-1.52	-639	372	-244
Payment of Dividends	-493	-430	-376	-324	-282	-246	-215	-192	-175	-160
Issuance of Debt	1,240	2,912	984	2,797	999	1,045	128	885	0.00	499
Issuance of Common Equity	765	822	792	623	644	713	415	125	99	0.00
Other Financing Activities, net	231	171	197	62	-4.43	-90	0.00	-11	-26	13

This table details how cash moves in and out of Atmos Energy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-44	281	-370	415	-22	266	-39	-37	-76	120	-277
Net Cash From Operating Activities	923	282	331	411	747	245	238	329	2,704	189	48
Net Cash From Continuing Operating Activities	923	282	331	411	747	245	238	329	2,704	189	48
Net Income / (Loss) Continuing Operations	486	352	134	166	432	311	119	138	358	272	72
Consolidated Net Income / (Loss)	486	352	134	166	432	311	119	138	358	272	72
Depreciation Expense	183	181	173	167	165	165	159	151	148	146	140
Non-Cash Adjustments To Reconcile Net Income	-13	-19	-6.56	-11	-11	-17	-2,038	-11	2,012	-18	-16
Changes in Operating Assets and Liabilities, net	268	-231	37	90	161	-214	1,995	51	186	-211	-157
Net Cash From Investing Activities	-829	-889	-804	-710	-645	-764	-718	-667	-618	-793	-715
Net Cash From Continuing Investing Activities	-829	-889	-804	-710	-645	-764	-718	-667	-618	-793	-715
Purchase of Property, Plant & Equipment	-840	-891	-808	-714	-646	-770	-722	-668	-620	-796	-718
Purchase of Investments	1.20	-0.49	-18	-0.69	-0.93	-0.08	-39	-2.74	-2.09	-2.47	-32
Other Investing Activities, net	9.87	2.74	4.32	4.47	1.92	5.35	5.54	3.95	3.90	5.62	2.41
Net Cash From Financing Activities	-139	887	103	714	-123	785	441	301	-2,162	724	391
Net Cash From Continuing Financing Activities	-139	887	103	714	-123	785	441	301	-2,162	724	391
Repayment of Debt	-4.05	-5.99	-6.01	-2.23	-5.74	-251	242	-1.27	-4,220	-193	-
Payment of Dividends	-138	-135	-126	-125	-122	-120	-111	-108	-106	-105	-97
Issuance of Common Equity	3.84	384	3.69	500	4.03	258	139	316	144	224	105

This table presents Atmos Energy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	9/30/2024	9/30/2023	9/30/2022	9/30/2021	9/30/2020	9/30/2019	9/30/2018	9/30/2017	9/30/2016	9/30/2015
Total Assets	25,194	22,517	22,193	19,609	15,359	13,368	11,874	10,750	10,011	9,075
Total Current Assets	1,132	886	3,048	2,839	471	458	479	540	682	626
Cash & Equivalents	307	15	52	117	21	25	14	26	48	29
Restricted Cash	1.52	3.84	0.00	-	-	-	-	-	-	-
Accounts Receivable	366	329	364	343	231	231	253	222	216	295
Inventories, net	170	246	358	178	112	130	166	185	179	237
Other Current Assets	288	292	2,274	2,201	108	73	46	106	88	66
Plant, Property, & Equipment, net	22,204	19,607	17,240	15,064	13,355	11,788	10,371	9,259	8,269	7,431
Plant, Property & Equipment, gross	25,848	22,898	20,238	17,885	15,957	14,181	12,567	11,301	10,143	9,240
Accumulated Depreciation	3,644	3,292	2,998	2,821	2,602	2,393	2,196	2,042	1,874	1,810
Total Noncurrent Assets	1,858	2,025	1,905	1,706	1,532	1,122	1,024	951	1,061	1,018
Goodwill	731	731	731	731	731	731	730	730	727	743
Intangible Assets	83	92	0.00	-	-	-	-	-	-	-
Other Noncurrent Operating Assets	1,044	1,201	1,174	975	801	391	294	221	305	275
Total Liabilities & Shareholders' Equity	25,194	22,517	22,193	19,609	15,359	13,368	11,874	10,750	10,011	9,075
Total Liabilities	13,037	11,647	12,774	11,702	8,568	7,617	7,104	6,851	6,548	5,880
Total Current Liabilities	1,206	1,353	3,603	3,510	782	1,209	1,915	1,013	1,788	1,155
Short-Term Debt	9.86	253	2,386	2,400	0.17	465	1,151	448	1,080	458
Accounts Payable	445	336	496	423	236	265	217	233	196	239
Other Current Liabilities	751	763	720	687	546	480	547	333	439	458
Total Noncurrent Liabilities	11,831	10,294	9,171	8,191	7,785	6,408	5,189	5,837	4,760	4,725
Long-Term Debt	7,861	6,639	5,761	4,930	4,532	3,529	2,494	3,067	2,189	2,438
Asset Retirement Reserve & Litigation Obligation	508	497	488	469	457	473	466	485	424	428
Noncurrent Deferred & Payable Income Tax Liabilities	2,771	2,558	2,385	2,255	2,154	2,005	1,894	1,879	1,603	1,411
Other Noncurrent Operating Liabilities	692	600	538	537	642	400	158	176	245	162
Total Equity & Noncontrolling Interests	12,158	10,870	9,419	7,907	6,791	5,750	4,770	3,899	3,463	3,195
Total Preferred & Common Equity	12,158	10,870	9,419	7,907	6,791	5,750	4,770	3,899	3,463	3,195
Total Common Equity	12,158	10,870	9,419	7,907	6,791	5,750	4,770	3,899	3,463	3,195
Common Stock	7,475	6,685	5,839	5,024	4,378	3,713	2,975	2,537	2,389	2,231
Retained Earnings	4,217	3,667	3,211	2,813	2,471	2,152	1,878	1,467	1,263	1,073
Accumulated Other Comprehensive Income / (Loss)	466	519	369	70	-58	-115	-84	-105	-188	-109

This table presents Atmos Energy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	26,980	26,497	25,194	24,891	24,005	23,684	22,517	21,772	21,312	23,366	22,193
Total Current Assets	1,591	1,828	1,132	1,709	1,432	1,680	886	889	1,073	3,628	3,048
Cash & Equivalents	544	585	307	675	262	278	15	56	95	172	52
Restricted Cash	1.62	4.87	1.52	4.64	1.27	7.13	3.84	1.88	-	-	0.00
Accounts Receivable	661	629	366	392	596	646	329	331	524	826	364
Inventories, net	97	153	170	158	144	221	246	211	183	324	358
Other Current Assets	288	457	288	480	428	527	292	289	271	2,306	2,274
Plant, Property, & Equipment, net	23,632	22,962	22,204	21,422	20,815	20,319	19,607	19,018	18,446	17,972	17,240
Plant, Property & Equipment, gross	27,451	26,676	25,848	24,980	24,284	23,684	22,898	22,224	21,582	20,987	20,238
Accumulated Depreciation	3,819	3,714	3,644	3,558	3,469	3,364	3,292	3,206	3,136	3,016	2,998
Total Noncurrent Assets	1,757	1,707	1,858	1,761	1,758	1,685	2,025	1,864	1,793	1,767	1,905
Goodwill	731	731	731	731	731	731	731	731	731	731	731
Intangible Assets	79	81	83	85	87	90	92	94	-	-	0.00
Other Noncurrent Operating Assets	947	895	1,044	944	939	864	1,201	1,039	1,062	1,035	1,174
Total Liabilities & Shareholders' Equity	26,980	26,497	25,194	24,891	24,005	23,684	22,517	21,772	21,312	23,366	22,193
Total Liabilities	13,842	13,717	13,037	12,708	12,386	12,411	11,647	11,169	11,107	13,530	12,774
Total Current Liabilities	1,199	1,175	1,206	985	1,055	1,170	1,353	1,034	1,113	3,532	3,603
Short-Term Debt	20	20	9.86	9.62	9.59	11	253	7.51	1.51	2,201	2,386
Accounts Payable	445	453	445	319	368	417	336	328	365	575	496
Other Current Liabilities	733	702	751	656	678	742	763	699	747	756	720
Total Noncurrent Liabilities	12,644	12,542	11,831	11,723	11,331	11,241	10,294	10,135	9,994	9,998	9,171
Long-Term Debt	8,486	8,490	7,861	7,866	7,526	7,529	6,639	6,643	6,553	6,552	5,761
Asset Retirement Reserve & Litigation Obligation	527	520	508	516	507	498	497	488	482	495	488
Noncurrent Deferred & Payable Income Tax Liabilities	2,948	2,848	2,771	2,550	2,702	2,611	2,558	2,205	2,451	2,421	2,385
Other Noncurrent Operating Liabilities	682	684	692	791	596	602	600	799	508	530	538
Total Equity & Noncontrolling Interests	13,138	12,780	12,158	12,183	11,619	11,273	10,870	10,602	10,205	9,836	9,419
Total Preferred & Common Equity	13,138	12,780	12,158	12,183	11,619	11,273	10,870	10,602	10,205	9,836	9,419
Total Common Equity	13,138	12,780	12,158	12,183	11,619	11,273	10,870	10,602	10,205	9,836	9,419
Common Stock	7,881	7,865	7,475	7,464	6,955	6,947	6,685	6,539	6,214	6,066	5,839
Retained Earnings	4,780	4,433	4,217	4,209	4,168	3,858	3,667	3,659	3,630	3,378	3,211
Accumulated Other Comprehensive Income / (Loss)	477	482	466	510	496	469	519	404	361	391	369

This table displays calculated financial ratios and metrics derived from Atmos Energy's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	9/30/2024	9/30/2023	9/30/2022	9/30/2021	9/30/2020	9/30/2019	9/30/2018	9/30/2017	9/30/2016	9/30/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.58%	1.75%	23.31%	20.78%	-2.78%	-6.86%	12.89%	12.43%	-16.14%	-40.76%
EBITDA Growth	19.75%	16.36%	7.50%	9.60%	10.24%	6.22%	3.46%	9.90%	7.13%	2.60%
EBIT Growth	25.46%	19.08%	5.74%	8.61%	10.33%	4.97%	-0.90%	10.24%	7.46%	0.87%
NOPAT Growth	20.95%	12.96%	13.88%	10.77%	13.12%	-18.32%	54.13%	11.26%	10.85%	1.69%
Net Income Growth	17.73%	14.39%	16.35%	10.66%	17.61%	-15.20%	52.13%	13.23%	11.12%	8.72%
EPS Growth	11.97%	8.93%	9.38%	4.70%	12.41%	-19.89%	45.58%	10.36%	9.39%	4.39%
Operating Cash Flow Growth	-49.89%	253.91%	190.16%	-204.46%	7.15%	-13.86%	29.71%	9.07%	-2.08%	10.79%
Free Cash Flow Firm Growth	-216.05%	146.05%	49.52%	-235.65%	-25.37%	-148.15%	14.02%	-253.48%	-850.65%	1.14%
Invested Capital Growth	11.14%	1.31%	15.83%	33.78%	16.28%	15.71%	13.72%	12.31%	8.51%	6.41%
Revenue Q/Q Growth	1.72%	-3.06%	3.81%	2.82%	1.12%	-0.04%	-0.64%	1.14%	67.81%	-31.52%
EBITDA Q/Q Growth	1.94%	4.79%	4.35%	0.15%	1.78%	2.50%	1.43%	1.89%	4.14%	-1.76%
EBIT Q/Q Growth	2.33%	5.29%	4.14%	-2.68%	-0.01%	1.40%	-0.06%	0.65%	4.09%	-3.81%
NOPAT Q/Q Growth	2.02%	4.75%	1.67%	-0.68%	0.74%	2.89%	-2.21%	2.24%	5.59%	-3.15%
Net Income Q/Q Growth	1.51%	5.59%	3.05%	-2.44%	1.17%	4.00%	0.48%	0.41%	3.16%	-0.06%
EPS Q/Q Growth	0.74%	5.54%	2.19%	-3.40%	0.82%	4.07%	-0.37%	0.27%	2.42%	1.64%
Operating Cash Flow Q/Q Growth	5.63%	5.81%	-2.59%	-6.72%	-1.64%	7.85%	-2.78%	-4.78%	9.76%	-1.01%
Free Cash Flow Firm Q/Q Growth	21.83%	17.70%	-3.83%	-0.99%	-14.66%	-4.23%	-84.58%	-96.47%	57.31%	44.50%
Invested Capital Q/Q Growth	1.75%	3.19%	3.63%	3.72%	4.80%	4.24%	4.33%	3.21%	0.78%	2.70%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	77.58%	66.03%	59.95%	69.69%	76.65%	70.40%	62.52%	66.46%	69.60%	55.73%
EBITDA Margin	50.17%	40.81%	35.69%	40.94%	45.11%	39.78%	34.88%	38.06%	38.94%	30.48%
Operating Margin	32.54%	24.96%	21.92%	26.56%	29.21%	25.71%	23.36%	26.66%	26.77%	20.92%
EBIT Margin	34.25%	26.59%	22.72%	26.50%	29.47%	25.96%	23.04%	26.24%	26.77%	20.89%
Profit (Net Income) Margin	25.04%	20.72%	18.43%	19.53%	21.32%	17.62%	19.36%	14.36%	14.26%	10.76%
Tax Burden Percent	84.39%	88.62%	90.90%	81.24%	80.54%	78.64%	98.68%	65.62%	64.57%	63.63%
Interest Burden Percent	86.64%	87.93%	89.23%	90.75%	89.84%	86.31%	85.14%	83.41%	82.52%	80.99%
Effective Tax Rate	15.61%	11.38%	9.10%	18.76%	19.46%	21.36%	1.32%	36.65%	36.27%	38.28%
Return on Invested Capital (ROIC)	6.11%	5.36%	5.13%	5.56%	6.31%	6.48%	9.10%	6.67%	6.63%	6.43%
ROIC Less NNEP Spread (ROIC-NNEP)	4.71%	4.57%	4.31%	4.38%	4.85%	4.49%	5.86%	4.57%	4.33%	4.13%
Return on Net Nonoperating Assets (RNNOA)	2.95%	3.37%	3.81%	3.49%	3.28%	3.25%	4.81%	4.10%	3.89%	3.61%
Return on Equity (ROE)	9.06%	8.73%	8.94%	9.06%	9.59%	9.72%	13.91%	10.77%	10.52%	10.03%
Cash Return on Invested Capital (CROIC)	-4.44%	4.07%	-9.54%	-23.34%	-8.74%	-8.09%	-3.74%	-4.92%	-1.54%	0.22%
Operating Return on Assets (OROA)	5.98%	5.09%	4.57%	5.16%	5.79%	5.97%	6.35%	6.98%	6.88%	6.92%
Return on Assets (ROA)	4.37%	3.96%	3.71%	3.81%	4.19%	4.05%	5.33%	3.82%	3.67%	3.57%
Return on Common Equity (ROCE)	9.06%	8.73%	8.94%	9.06%	9.59%	9.72%	13.91%	10.77%	10.52%	10.03%
Return on Equity Simple (ROE_SIMPLE)	8.58%	8.15%	8.22%	8.42%	8.86%	8.89%	12.64%	10.17%	10.11%	9.86%
Net Operating Profit after Tax (NOPAT)	1,144	946	837	735	664	587	718	466	419	378
NOPAT Margin	27.46%	22.12%	19.93%	21.58%	23.53%	20.22%	23.06%	16.89%	17.06%	12.91%
Net Nonoperating Expense Percent (NNEP)	1.40%	0.80%	0.82%	1.19%	1.47%	1.98%	3.24%	2.11%	2.30%	2.29%
Cost of Revenue to Revenue	22.42%	33.97%	40.05%	30.31%	23.35%	29.60%	37.48%	33.54%	30.40%	44.27%
SG&A Expenses to Revenue	19.67%	17.89%	16.90%	19.93%	22.32%	21.72%	19.09%	19.52%	21.94%	17.64%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	45.04%	41.07%	38.03%	43.13%	47.43%	44.69%	39.15%	39.81%	42.83%	34.82%
Earnings before Interest and Taxes (EBIT)	1,426	1,137	955	903	831	753	718	724	657	611
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,089	1,745	1,500	1,395	1,273	1,154	1,087	1,050	956	892
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.77	1.41	1.43	1.36	1.57	2.08	1.90	1.94	1.86	1.50
Price to Tangible Book Value (P/TBV)	1.90	1.52	1.56	1.50	1.76	2.38	2.25	2.39	2.35	1.95
Price to Revenue (P/Rev)	5.17	3.58	3.22	3.15	3.79	4.12	2.91	2.74	2.62	1.63
Price to Earnings (P/E)	20.65	17.27	17.45	16.13	17.78	23.35	15.05	19.07	18.35	15.18
Dividend Yield	2.32%	2.87%	2.82%	3.05%	2.65%	2.08%	2.38%	2.53%	2.72%	3.31%
Earnings Yield	4.84%	5.79%	5.73%	6.20%	5.63%	4.28%	6.64%	5.25%	5.45%	6.59%
Enterprise Value to Invested Capital (EV/IC)	1.48	1.25	1.23	1.19	1.35	1.64	1.51	1.50	1.47	1.26
Enterprise Value to Revenue (EV/Rev)	6.99	5.19	5.14	5.27	5.39	5.48	4.08	4.00	3.93	2.61
Enterprise Value to EBITDA (EV/EBITDA)	13.92	12.71	14.41	12.87	11.95	13.79	11.69	10.52	10.09	8.57
Enterprise Value to EBIT (EV/EBIT)	20.40	19.50	22.63	19.88	18.29	21.12	17.70	15.25	14.68	12.51
Enterprise Value to NOPAT (EV/NOPAT)	25.44	23.45	25.81	24.41	22.91	27.12	17.69	23.70	23.03	20.24
Enterprise Value to Operating Cash Flow (EV/OCF)	16.78	6.41	22.11	0.00	14.65	16.43	11.30	12.74	12.13	9.42
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	30.93	0.00	0.00	0.00	0.00	0.00	0.00	0.00	590.99
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.65	0.63	0.87	0.93	0.67	0.69	0.76	0.90	0.94	0.91
Long-Term Debt to Equity	0.65	0.61	0.61	0.62	0.67	0.61	0.52	0.79	0.63	0.76
Financial Leverage	0.63	0.74	0.88	0.80	0.68	0.72	0.82	0.90	0.90	0.87
Leverage Ratio	2.07	2.20	2.41	2.38	2.29	2.40	2.61	2.82	2.87	2.81
Compound Leverage Factor	1.80	1.94	2.15	2.16	2.06	2.07	2.22	2.35	2.37	2.28
Debt to Total Capital	39.30%	38.80%	46.38%	48.11%	40.02%	40.99%	43.31%	47.41%	48.56%	47.54%
Short-Term Debt to Total Capital	0.05%	1.43%	13.59%	15.75%	0.00%	4.77%	13.68%	6.04%	16.04%	7.52%
Long-Term Debt to Total Capital	39.25%	37.38%	32.79%	32.36%	40.02%	36.22%	29.64%	41.37%	32.51%	40.02%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	60.70%	61.20%	53.62%	51.89%	59.98%	59.01%	56.69%	52.59%	51.44%	52.46%
Debt to EBITDA	3.77	3.95	5.43	5.26	3.56	3.46	3.35	3.35	3.42	3.25
Net Debt to EBITDA	3.62	3.94	5.40	5.17	3.54	3.44	3.34	3.32	3.37	3.21
Long-Term Debt to EBITDA	3.76	3.80	3.84	3.53	3.56	3.06	2.29	2.92	2.29	2.73
Debt to NOPAT	6.88	7.29	9.73	9.97	6.83	6.81	5.07	7.54	7.80	7.66
Net Debt to NOPAT	6.61	7.27	9.67	9.81	6.80	6.77	5.05	7.49	7.69	7.59
Long-Term Debt to NOPAT	6.87	7.02	6.88	6.71	6.83	6.02	3.47	6.58	5.23	6.45
Altman Z-Score	1.57	1.35	1.14	1.04	1.31	1.50	1.30	1.28	1.09	1.13
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.94	0.65	0.85	0.81	0.60	0.38	0.25	0.53	0.38	0.54
Quick Ratio	0.56	0.25	0.12	0.13	0.32	0.21	0.14	0.25	0.15	0.28
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-832	717	-1,557	-3,083	-919	-733	-295	-343	-97	13
Operating Cash Flow to CapEx	59.03%	123.30%	39.99%	-55.05%	53.62%	57.21%	76.63%	70.89%	73.14%	84.26%
Free Cash Flow to Firm to Interest Expense	-4.36	5.22	-15.14	-36.90	-10.87	-7.10	-2.77	-2.86	-0.85	0.11
Operating Cash Flow to Interest Expense	9.09	25.20	9.51	-12.98	12.29	9.39	10.55	7.21	6.92	6.98
Operating Cash Flow Less CapEx to Interest Expense	-6.31	4.76	-14.27	-36.55	-10.63	-7.03	-3.22	-2.96	-2.54	-1.31
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.17	0.19	0.20	0.19	0.20	0.23	0.28	0.27	0.26	0.33
Accounts Receivable Turnover	11.99	12.35	11.89	11.88	12.23	11.99	13.10	12.60	9.61	9.17
Inventory Turnover	4.50	4.81	6.28	7.12	5.44	5.81	6.67	5.09	3.59	5.03
Fixed Asset Turnover	0.20	0.23	0.26	0.24	0.22	0.26	0.32	0.31	0.31	0.41
Accounts Payable Turnover	2.39	3.49	3.66	3.13	2.63	3.56	5.19	4.31	3.43	4.74
Days Sales Outstanding (DSO)	30.43	29.55	30.69	30.72	29.83	30.43	27.86	28.97	38.00	39.81
Days Inventory Outstanding (DIO)	81.18	75.88	58.14	51.26	67.06	62.87	54.75	71.72	101.66	72.61
Days Payable Outstanding (DPO)	152.75	104.57	99.70	116.46	138.72	102.49	70.37	84.70	106.49	77.05
Cash Conversion Cycle (CCC)	-41.13	0.86	-10.87	-34.48	-41.83	-9.19	12.24	16.00	33.16	35.38
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	19,719	17,743	17,515	15,121	11,302	9,720	8,401	7,387	6,578	6,062
Invested Capital Turnover	0.22	0.24	0.26	0.26	0.27	0.32	0.39	0.40	0.39	0.50
Increase / (Decrease) in Invested Capital	1,976	229	2,394	3,818	1,582	1,319	1,014	809	516	365
Enterprise Value (EV)	29,094	22,173	21,610	17,946	15,203	15,913	12,708	11,046	9,646	7,649
Market Capitalization	21,532	15,300	13,514	10,732	10,692	11,944	9,077	7,558	6,425	4,782
Book Value per Share	$78.32	$73.22	$67.33	$60.45	$55.05	$48.65	$42.90	$36.76	$33.35	$31.52
Tangible Book Value per Share	$73.07	$67.67	$62.10	$54.86	$49.13	$42.47	$36.33	$29.87	$26.35	$24.19
Total Capital	20,028	17,763	17,566	15,238	11,323	9,745	8,414	7,413	6,732	6,090
Total Debt	7,870	6,893	8,147	7,331	4,532	3,994	3,644	3,515	3,269	2,895
Total Long-Term Debt	7,861	6,639	5,761	4,930	4,532	3,529	2,494	3,067	2,189	2,438
Net Debt	7,562	6,873	8,096	7,214	4,511	3,970	3,631	3,488	3,221	2,867
Capital Expenditures (CapEx)	2,937	2,806	2,444	1,970	1,936	1,693	1,468	1,223	1,087	964
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-373	-233	1,780	1,612	-332	-311	-299	-52	-74	-99
Debt-free Net Working Capital (DFNWC)	-64	-213	1,832	1,729	-311	-286	-285	-26	-27	-71
Net Working Capital (NWC)	-74	-467	-555	-672	-311	-751	-1,436	-474	-1,107	-529
Net Nonoperating Expense (NNE)	101	60	63	70	62	75	115	70	69	63
Net Nonoperating Obligations (NNO)	7,562	6,873	8,096	7,214	4,511	3,970	3,631	3,488	3,115	2,867
Total Depreciation and Amortization (D&A)	663	608	545	492	441	401	369	326	299	281
Debt-free, Cash-free Net Working Capital to Revenue	-8.94%	-5.44%	42.36%	47.31%	-11.76%	-10.72%	-9.61%	-1.90%	-3.03%	-3.39%
Debt-free Net Working Capital to Revenue	-1.53%	-4.99%	43.59%	50.74%	-11.02%	-9.87%	-9.16%	-0.94%	-1.09%	-2.41%
Net Working Capital to Revenue	-1.77%	-10.92%	-13.21%	-19.71%	-11.03%	-25.89%	-46.10%	-17.17%	-45.08%	-18.06%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$6.83	$6.10	$5.61	$5.12	$4.89	$4.36	$5.43	$3.73	$3.38	$3.09
Adjusted Weighted Average Basic Shares Outstanding	152.51M	145.12M	137.83M	129.78M	122.79M	117.20M	111.35M	106.11M	103.52M	101.89M
Adjusted Diluted Earnings per Share	$6.83	$6.10	$5.60	$5.12	$4.89	$4.35	$5.43	$3.73	$3.38	$3.09
Adjusted Weighted Average Diluted Shares Outstanding	152.67M	145.17M	138.10M	129.83M	122.87M	117.46M	111.35M	106.11M	103.52M	101.89M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$4.36	$5.43	$3.73	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	155.40M	148.50M	140.90M	132.43M	125.89M	119.34M	111.01M	106.10M	103.96M	101.51M
Normalized Net Operating Profit after Tax (NOPAT)	1,144	946	837	735	664	587	718	466	419	378
Normalized NOPAT Margin	27.46%	22.12%	19.93%	21.58%	23.53%	20.22%	23.06%	16.89%	17.06%	12.91%
Pre Tax Income Margin	29.67%	23.38%	20.28%	24.04%	26.47%	22.41%	19.62%	21.89%	22.09%	16.92%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.48	8.28	9.29	10.81	9.84	7.30	6.73	6.03	5.72	5.26
NOPAT to Interest Expense	6.00	6.89	8.14	8.80	7.86	5.69	6.74	3.88	3.65	3.25
EBIT Less CapEx to Interest Expense	-7.92	-12.16	-14.49	-12.77	-13.07	-9.11	-7.03	-4.15	-3.74	-3.03
NOPAT Less CapEx to Interest Expense	-9.41	-13.55	-15.63	-14.77	-15.06	-10.73	-7.03	-6.30	-5.82	-5.04
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	47.27%	48.58%	48.54%	48.67%	46.96%	48.05%	35.64%	48.42%	50.02%	50.79%
Augmented Payout Ratio	47.27%	48.58%	48.54%	48.67%	46.96%	48.05%	35.64%	48.42%	40.23%	43.50%

This table displays calculated financial ratios and metrics derived from Atmos Energy's official financial filings.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	18.41%	1.51%	11.96%	5.86%	6.90%	-21.94%	-18.68%	-18.83%	-6.60%	46.53%	27.14%
EBITDA Growth	14.07%	14.28%	14.22%	21.07%	24.54%	19.08%	30.21%	11.28%	12.34%	18.42%	26.88%
EBIT Growth	15.05%	16.10%	19.22%	29.52%	29.00%	21.79%	51.02%	10.47%	12.73%	20.32%	51.25%
NOPAT Growth	8.97%	10.19%	16.90%	21.06%	23.79%	19.10%	48.20%	7.91%	8.40%	10.01%	20.60%
Net Income Growth	12.40%	13.03%	13.07%	20.14%	20.79%	14.50%	65.44%	7.20%	10.05%	9.09%	47.05%
EPS Growth	6.32%	7.21%	6.49%	14.89%	14.92%	8.90%	71.11%	2.17%	4.64%	2.69%	36.36%
Operating Cash Flow Growth	23.62%	14.98%	38.81%	25.06%	-72.39%	29.85%	393.57%	13.84%	367.25%	205.54%	-34.96%
Free Cash Flow Firm Growth	3.34%	-882.63%	-1,799.95%	-1,306.37%	-2,598.20%	110.68%	95.84%	93.48%	104.05%	44.03%	38.46%
Invested Capital Growth	11.69%	11.73%	11.14%	12.71%	13.36%	0.60%	1.31%	1.74%	1.86%	15.24%	15.83%
Revenue Q/Q Growth	65.86%	78.74%	-6.22%	-57.41%	42.19%	97.14%	-11.33%	-56.99%	3.84%	105.36%	-11.49%
EBITDA Q/Q Growth	25.76%	77.23%	-7.85%	-44.46%	25.99%	77.13%	-2.32%	-42.87%	20.47%	93.69%	-16.53%
EBIT Q/Q Growth	34.91%	140.17%	-16.07%	-57.69%	36.14%	146.63%	-8.82%	-57.86%	28.53%	205.80%	-33.30%
NOPAT Q/Q Growth	35.06%	141.09%	-15.13%	-60.57%	36.57%	155.77%	-12.11%	-59.68%	31.39%	218.27%	-36.01%
Net Income Q/Q Growth	38.00%	162.55%	-19.05%	-61.68%	38.78%	162.64%	-13.99%	-61.47%	31.56%	279.46%	-44.27%
EPS Q/Q Growth	35.87%	171.95%	-24.07%	-62.11%	37.02%	170.13%	-18.09%	-62.10%	29.84%	324.44%	-51.09%
Operating Cash Flow Q/Q Growth	227.26%	-14.72%	-19.58%	-44.92%	204.38%	2.96%	-27.54%	-87.84%	1,331.35%	291.36%	-83.29%
Free Cash Flow Firm Q/Q Growth	5.31%	1.23%	9.09%	-13.68%	-866.73%	339.77%	32.71%	-301.94%	103.28%	6.68%	-5.58%
Invested Capital Q/Q Growth	1.92%	4.98%	1.75%	2.59%	1.95%	4.42%	3.19%	3.18%	-9.52%	5.16%	3.63%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	60.05%	80.10%	104.09%	100.37%	62.10%	70.75%	99.46%	93.28%	56.77%	50.25%	73.57%
EBITDA Margin	42.85%	56.52%	57.00%	58.01%	44.48%	50.20%	55.87%	50.72%	38.18%	32.91%	34.89%
Operating Margin	32.25%	39.07%	28.12%	31.40%	33.45%	34.45%	26.22%	25.54%	27.43%	21.64%	14.59%
EBIT Margin	33.48%	41.17%	30.64%	34.23%	34.46%	36.00%	28.77%	27.98%	28.56%	23.07%	15.49%
Profit (Net Income) Margin	24.89%	29.92%	20.37%	23.60%	26.23%	26.87%	20.17%	20.79%	23.21%	18.32%	9.91%
Tax Burden Percent	80.51%	81.60%	84.06%	83.20%	84.34%	85.26%	86.35%	89.43%	88.82%	88.95%	85.17%
Interest Burden Percent	92.34%	89.07%	79.09%	82.86%	90.23%	87.56%	81.18%	83.10%	91.51%	89.26%	75.13%
Effective Tax Rate	19.49%	18.40%	15.94%	16.80%	15.66%	14.74%	13.65%	10.57%	11.18%	11.05%	14.83%
Return on Invested Capital (ROIC)	5.82%	6.80%	5.26%	5.85%	6.44%	6.28%	5.49%	5.91%	6.73%	5.23%	3.20%
ROIC Less NNEP Spread (ROIC-NNEP)	5.55%	6.49%	4.96%	5.59%	5.96%	5.91%	5.30%	5.72%	6.48%	5.06%	2.96%
Return on Net Nonoperating Assets (RNNOA)	3.42%	4.10%	3.11%	3.38%	3.75%	4.44%	3.91%	4.09%	4.67%	4.54%	2.62%
Return on Equity (ROE)	9.24%	10.90%	8.36%	9.23%	10.19%	10.72%	9.40%	10.00%	11.40%	9.77%	5.82%
Cash Return on Invested Capital (CROIC)	-4.95%	-5.07%	-4.44%	-5.82%	-6.39%	4.82%	4.07%	3.57%	3.55%	-9.15%	-9.54%
Operating Return on Assets (OROA)	5.89%	6.86%	5.35%	6.01%	6.17%	6.04%	5.50%	5.68%	6.12%	4.91%	3.11%
Return on Assets (ROA)	4.38%	4.99%	3.56%	4.14%	4.70%	4.51%	3.86%	4.22%	4.98%	3.90%	1.99%
Return on Common Equity (ROCE)	9.24%	10.90%	8.36%	9.23%	10.19%	10.72%	9.40%	10.00%	11.40%	9.77%	5.82%
Return on Equity Simple (ROE_SIMPLE)	8.65%	8.48%	0.00%	8.43%	8.60%	8.21%	0.00%	7.91%	8.13%	8.10%	0.00%
Net Operating Profit after Tax (NOPAT)	506	375	156	183	465	340	133	151	375	286	90
NOPAT Margin	25.96%	31.88%	23.64%	26.12%	28.21%	29.37%	22.64%	22.84%	24.36%	19.25%	12.42%
Net Nonoperating Expense Percent (NNEP)	0.27%	0.30%	0.30%	0.26%	0.48%	0.37%	0.19%	0.19%	0.26%	0.17%	0.24%
Return On Investment Capital (ROIC_SIMPLE)	2.34%	1.76%	-	-	-	1.81%	-	-	-	-	-
Cost of Revenue to Revenue	39.95%	19.90%	-4.09%	-0.37%	37.90%	29.25%	0.54%	6.72%	43.23%	49.75%	26.43%
SG&A Expenses to Revenue	11.96%	17.61%	36.72%	30.12%	12.14%	14.36%	32.35%	29.43%	12.64%	12.47%	28.42%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	27.80%	41.03%	75.97%	68.97%	28.65%	36.30%	73.24%	67.74%	29.34%	28.61%	58.99%
Earnings before Interest and Taxes (EBIT)	653	484	202	240	568	417	169	185	440	342	112
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	836	665	375	407	733	582	328	336	588	488	252
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.87	1.69	1.77	1.44	1.53	1.49	1.41	1.54	1.52	1.54	1.43
Price to Tangible Book Value (P/TBV)	1.99	1.81	1.90	1.55	1.65	1.60	1.52	1.67	1.64	1.67	1.56
Price to Revenue (P/Rev)	5.47	5.17	5.17	4.30	4.39	4.24	3.58	3.71	3.41	3.25	3.22
Price to Earnings (P/E)	21.58	19.98	20.65	17.13	17.81	18.12	17.27	19.49	18.74	19.03	17.45
Dividend Yield	2.17%	2.36%	2.32%	2.70%	2.62%	2.68%	2.87%	2.56%	2.62%	2.58%	2.82%
Earnings Yield	4.63%	5.01%	4.84%	5.84%	5.61%	5.52%	5.79%	5.13%	5.34%	5.26%	5.73%
Enterprise Value to Invested Capital (EV/IC)	1.54	1.43	1.48	1.28	1.33	1.30	1.25	1.33	1.32	1.29	1.23
Enterprise Value to Revenue (EV/Rev)	7.24	7.07	6.99	6.06	6.18	6.08	5.19	5.20	4.82	5.08	5.14
Enterprise Value to EBITDA (EV/EBITDA)	14.24	13.56	13.92	12.10	12.67	13.09	12.71	13.78	13.49	15.16	14.41
Enterprise Value to EBIT (EV/EBIT)	20.58	19.79	20.40	17.79	18.72	19.82	19.50	21.25	20.72	23.45	22.63
Enterprise Value to NOPAT (EV/NOPAT)	26.65	25.09	25.44	22.12	23.02	24.01	23.45	25.41	24.68	27.53	25.81
Enterprise Value to Operating Cash Flow (EV/OCF)	16.69	16.70	16.78	15.11	16.09	6.83	6.41	7.02	6.81	21.50	22.11
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	26.99	30.93	37.67	37.50	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.65	0.67	0.65	0.65	0.65	0.67	0.63	0.63	0.64	0.89	0.87
Long-Term Debt to Equity	0.65	0.66	0.65	0.65	0.65	0.67	0.61	0.63	0.64	0.67	0.61
Financial Leverage	0.62	0.63	0.63	0.61	0.63	0.75	0.74	0.72	0.72	0.90	0.88
Leverage Ratio	2.06	2.09	2.07	2.05	2.08	2.23	2.20	2.19	2.22	2.42	2.41
Compound Leverage Factor	1.90	1.86	1.64	1.70	1.87	1.95	1.79	1.82	2.03	2.16	1.81
Debt to Total Capital	39.30%	39.97%	39.30%	39.26%	39.34%	40.08%	38.80%	38.55%	39.11%	47.09%	46.38%
Short-Term Debt to Total Capital	0.09%	0.09%	0.05%	0.05%	0.05%	0.06%	1.43%	0.04%	0.01%	11.84%	13.59%
Long-Term Debt to Total Capital	39.21%	39.88%	39.25%	39.22%	39.29%	40.02%	37.38%	38.50%	39.10%	35.24%	32.79%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	60.70%	60.03%	60.70%	60.74%	60.66%	59.92%	61.20%	61.45%	60.89%	52.91%	53.62%
Debt to EBITDA	3.73	3.90	3.77	3.84	3.81	4.11	3.95	3.99	4.02	5.59	5.43
Net Debt to EBITDA	3.49	3.63	3.62	3.51	3.67	3.96	3.94	3.96	3.96	5.48	5.40
Long-Term Debt to EBITDA	3.72	3.90	3.76	3.84	3.80	4.10	3.80	3.99	4.02	4.18	3.84
Debt to NOPAT	6.98	7.22	6.88	7.02	6.92	7.54	7.29	7.37	7.35	10.15	9.73
Net Debt to NOPAT	6.53	6.72	6.61	6.42	6.68	7.25	7.27	7.30	7.24	9.95	9.67
Long-Term Debt to NOPAT	6.96	7.21	6.87	7.02	6.91	7.53	7.02	7.36	7.35	7.59	6.88
Altman Z-Score	1.58	1.43	1.41	1.30	1.37	1.29	1.21	1.34	1.36	1.13	1.01
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.33	1.56	0.94	1.73	1.36	1.44	0.65	0.86	0.96	1.03	0.85
Quick Ratio	1.00	1.03	0.56	1.08	0.81	0.79	0.25	0.37	0.56	0.28	0.12
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,702	-1,798	-1,820	-2,002	-1,761	230	-96	-142	70	-2,150	-2,304
Operating Cash Flow to CapEx	109.92%	31.65%	40.93%	57.62%	115.59%	31.87%	32.97%	49.21%	436.32%	23.74%	6.72%
Free Cash Flow to Firm to Interest Expense	-34.04	-33.97	-43.18	-48.64	-31.77	4.43	-3.01	-4.54	1.89	-58.49	-82.75
Operating Cash Flow to Interest Expense	18.45	5.33	7.84	9.99	13.47	4.73	7.49	10.49	72.35	5.14	1.73
Operating Cash Flow Less CapEx to Interest Expense	1.67	-11.51	-11.32	-7.35	1.82	-10.11	-15.22	-10.83	55.77	-16.51	-24.07
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.18	0.17	0.17	0.18	0.18	0.17	0.19	0.20	0.21	0.21	0.20
Accounts Receivable Turnover	7.14	6.56	11.99	11.34	7.24	5.36	12.35	12.49	8.38	6.97	11.89
Inventory Turnover	8.15	4.43	4.50	5.22	6.17	3.87	4.81	7.54	13.19	7.54	6.28
Fixed Asset Turnover	0.20	0.19	0.20	0.20	0.21	0.21	0.23	0.25	0.26	0.28	0.26
Accounts Payable Turnover	2.42	1.91	2.39	2.98	2.76	2.12	3.49	4.52	5.13	4.21	3.66
Days Sales Outstanding (DSO)	51.14	55.64	30.43	32.19	50.40	68.05	29.55	29.22	43.54	52.36	30.69
Days Inventory Outstanding (DIO)	44.78	82.34	81.18	69.87	59.14	94.41	75.88	48.41	27.68	48.43	58.14
Days Payable Outstanding (DPO)	150.84	191.50	152.75	122.57	132.31	171.86	104.57	80.67	71.13	86.65	99.70
Cash Conversion Cycle (CCC)	-54.92	-53.51	-41.13	-20.51	-22.76	-9.40	0.86	-3.04	0.09	14.15	-10.87
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	21,099	20,701	19,719	19,380	18,891	18,529	17,743	17,194	16,665	18,418	17,515
Invested Capital Turnover	0.22	0.21	0.22	0.22	0.23	0.21	0.24	0.26	0.28	0.27	0.26
Increase / (Decrease) in Invested Capital	2,209	2,173	1,976	2,185	2,226	111	229	294	305	2,436	2,394
Enterprise Value (EV)	32,498	29,563	29,094	24,797	25,076	24,017	22,173	22,943	22,006	23,747	21,610
Market Capitalization	24,536	21,642	21,532	17,600	17,804	16,762	15,300	16,351	15,547	15,165	13,514
Book Value per Share	$82.77	$82.24	$78.32	$80.75	$77.03	$75.26	$73.22	$73.38	$71.28	$69.81	$67.33
Tangible Book Value per Share	$77.67	$77.02	$73.07	$75.34	$71.60	$69.77	$67.67	$67.67	$66.18	$64.62	$62.10
Total Capital	21,644	21,291	20,028	20,059	19,154	18,814	17,763	17,253	16,760	18,590	17,566
Total Debt	8,506	8,510	7,870	7,876	7,536	7,541	6,893	6,650	6,555	8,753	8,147
Total Long-Term Debt	8,486	8,490	7,861	7,866	7,526	7,529	6,639	6,643	6,553	6,552	5,761
Net Debt	7,961	7,921	7,562	7,197	7,272	7,255	6,873	6,592	6,459	8,582	8,096
Capital Expenditures (CapEx)	840	891	808	714	646	770	722	668	620	796	718
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-132	84	-373	54	123	235	-233	-196	-134	2,126	1,780
Debt-free Net Working Capital (DFNWC)	413	673	-64	733	387	521	-213	-138	-38	2,297	1,832
Net Working Capital (NWC)	393	653	-74	724	377	509	-467	-145	-40	96	-555
Net Nonoperating Expense (NNE)	21	23	22	18	33	29	15	14	18	14	18
Net Nonoperating Obligations (NNO)	7,961	7,921	7,562	7,197	7,272	7,255	6,873	6,592	6,459	8,582	8,096
Total Depreciation and Amortization (D&A)	183	181	173	167	165	165	159	151	148	146	140
Debt-free, Cash-free Net Working Capital to Revenue	-2.95%	2.00%	-8.94%	1.32%	3.03%	5.96%	-5.44%	-4.44%	-2.93%	45.49%	42.36%
Debt-free Net Working Capital to Revenue	9.20%	16.09%	-1.53%	17.91%	9.54%	13.18%	-4.99%	-3.13%	-0.84%	49.16%	43.59%
Net Working Capital to Revenue	8.76%	15.62%	-1.77%	17.67%	9.30%	12.89%	-10.92%	-3.30%	-0.87%	2.05%	-13.21%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.05	$2.25	$0.82	$1.08	$2.85	$2.08	$0.76	$0.94	$2.48	$1.92	$0.46
Adjusted Weighted Average Basic Shares Outstanding	159.18M	156.30M	152.51M	153.31M	151.27M	149.80M	145.12M	146.05M	143.94M	141.82M	137.83M
Adjusted Diluted Earnings per Share	$3.03	$2.23	$0.82	$1.08	$2.85	$2.08	$0.77	$0.94	$2.48	$1.91	$0.45
Adjusted Weighted Average Diluted Shares Outstanding	160.43M	157.82M	152.67M	153.40M	151.30M	149.80M	145.17M	146.07M	143.99M	141.94M	138.10M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	158.84M	158.73M	155.40M	155.23M	150.88M	150.84M	148.50M	148.46M	144.49M	143.16M	140.90M
Normalized Net Operating Profit after Tax (NOPAT)	506	375	156	183	465	340	133	151	375	286	90
Normalized NOPAT Margin	25.96%	31.88%	23.64%	26.12%	28.21%	29.37%	22.64%	22.84%	24.36%	19.25%	12.42%
Pre Tax Income Margin	30.92%	36.67%	24.23%	28.37%	31.10%	31.52%	23.36%	23.25%	26.13%	20.59%	11.64%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	13.06	9.15	4.78	5.83	10.24	8.04	5.31	5.92	11.78	9.31	4.02
NOPAT to Interest Expense	10.12	7.08	3.69	4.45	8.38	6.56	4.18	4.83	10.05	7.77	3.22
EBIT Less CapEx to Interest Expense	-3.73	-7.69	-14.39	-11.50	-1.41	-6.80	-17.39	-15.41	-4.81	-12.33	-21.78
NOPAT Less CapEx to Interest Expense	-6.66	-9.75	-15.48	-12.89	-3.27	-8.28	-18.53	-16.49	-6.54	-13.87	-22.58
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	46.20%	46.93%	47.27%	46.52%	46.13%	48.17%	48.58%	49.55%	48.53%	48.94%	48.54%
Augmented Payout Ratio	46.20%	46.93%	47.27%	46.52%	46.13%	48.17%	48.58%	49.55%	48.53%	48.94%	48.54%

Frequently Asked Questions About Atmos Energy's Financials

When does Atmos Energy's financial year end?

According to the most recent income statement we have on file, Atmos Energy's fiscal year ends in September. Their fiscal year 2024 ended on September 30, 2024.

How has Atmos Energy's net income changed over the last 9 years?

Atmos Energy's net income appears to be on an upward trend, with a most recent value of $1.04 billion in 2024, rising from $315.08 million in 2015. The previous period was $885.86 million in 2023. See Atmos Energy's forecast for analyst expectations on what’s next for the company.

What is Atmos Energy's operating income?

Atmos Energy's total operating income in 2024 was $1.36 billion, based on the following breakdown:

Total Gross Profit: $3.23 billion
Total Operating Expenses: $1.88 billion

How has Atmos Energy revenue changed over the last 9 years?

Over the last 9 years, Atmos Energy's total revenue changed from $2.93 billion in 2015 to $4.17 billion in 2024, a change of 42.3%.

How much debt does Atmos Energy have?

Atmos Energy's total liabilities were at $13.04 billion at the end of 2024, a 11.9% increase from 2023, and a 121.7% increase since 2015.

How much cash does Atmos Energy have?

In the past 9 years, Atmos Energy's cash and equivalents has ranged from $13.77 million in 2018 to $307.34 million in 2024, and is currently $307.34 million as of their latest financial filing in 2024.

How has Atmos Energy's book value per share changed over the last 9 years?

Over the last 9 years, Atmos Energy's book value per share changed from 31.52 in 2015 to 78.32 in 2024, a change of 148.5%.

Related Companies

This page (NYSE:ATO) was last updated on 5/29/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Atmos Energy (ATO) Financials

Frequently Asked Questions About Atmos Energy's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Atmos Energy (ATO) Financials

Annual Income Statements for Atmos Energy

Quarterly Income Statements for Atmos Energy

Annual Cash Flow Statements for Atmos Energy

Quarterly Cash Flow Statements for Atmos Energy

Annual Balance Sheets for Atmos Energy

Quarterly Balance Sheets for Atmos Energy

Annual Metrics And Ratios for Atmos Energy

Quarterly Metrics And Ratios for Atmos Energy

Frequently Asked Questions About Atmos Energy's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools