Atmos Energy Corporation ATO

157.21 0.79 0.51% as of 25 Sep
Market cap
$26.4B
P/E
18.5×
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Atmos Energy Corporation (ATO) Operating margin

Atmos Energy Corporation's operating margin over the twelve months to 30 June 2026 was 37.0%, up 3.8 percentage points from fiscal 2025 (33.2%). Over the past ten years it has ranged from 20.9% (fiscal 2015) to 33.2% (fiscal 2025) — the current reading is the highest in ten years. That is above the Utilities Regulated Gas industry median of 21.5% and above the Utilities sector median of 18.8%.

Operating margin, annual

Annual

Period Operating margin Change (points)
FY2025 33.2% 0.63
FY2024 32.5% 7.58
FY2023 25.0% 3.04
FY2022 21.9% (4.64)
FY2021 26.6% (2.65)
FY2020 29.2% 3.50
FY2019 25.7% 2.35
FY2018 23.4% (3.30)
FY2017 26.7% (0.11)
FY2016 26.8% 5.85

Quarterly

Period Operating margin Change (points)
Jun 2026 36.5% (2.52)
Mar 2026 39.0% 0.63
Dec 2025 38.3% 8.58
Sep 2025 29.8% (0.29)
42 more quarters

Against its own ten years

Low 20.9% High 33.2%
Ten-year median 26.6%
Current reading's percentile 100

Operating margin against peers

Company Operating margin
ATO Atmos Energy Corporation 37.0%
SWX Southwest Gas Corporation compare 28.7%
NI NiSource, Inc compare 27.0%
NJR NewJersey Resources Corporation compare 24.8%
BKH Black Hills Corporation compare 23.9%
SR Spire Inc. compare 21.5%
OGS ONE Gas, Inc. compare 20.7%
MDU MDU Resources Group, Inc. compare 17.0%
UGI UGI Corporation compare 16.2%
Utilities Regulated Gas industry median 21.5%
Utilities sector median 18.8%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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