Saturday 17 October 2026 Export ATO’s income statement to Excel — free account

Atmos Energy Corporation

Atmos Energy Corporation’s revenue for fiscal 2025 (year ended September 2025) was $4.7 billion, up 12.9% from fiscal 2024. In the quarter to June 2026, revenue grew 4.80%, EPS grew 23.1%, free cash flow fell 7.79% and total debt rose 14.7%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years; insiders bought in the last twelve months.

167.56 3.61 +2.20%

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Market cap: $27.7B
P/E: 19.8×
Fwd P/E: 20.2×
Dividend yield: 2.39%
F-score: 5/9
Altman Z: 1.68
Beneish M: −2.62
Dividend safety: 48/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Share dilution Aug 5, 2026

All filings →

Insider Decisions trades per month

Total buys 0.05

Total sells 0.08

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	1	—	—
Sell	—	1	—	—	—	—	—	—	—	—	—	—

Insider Ownership 0.03%

Capital & Financial Ratios $m

Market Cap 27,710.00

Revenue 4,921.53

Net Income 1,402.44

Free Cash Flow (2,020.30)

Net Debt 9,798.06

Current Ratio 0.81

Debt/Equity 0.68

P/E ratio 19.76

Fwd P/E 20.20

P/S ratio 5.73

P/B ratio 1.85

Past 5Y EPS Growth 8.81%

This Y EPS Growth 13.33%

Next Y EPS Growth 6.98%

Next Y revenue growth 8.91%

Next 5Y EPS Growth 9.42%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 35.05%

10-year low 10-year high

P/S against its own 10 years 92.78%

10-year low 10-year high

P/B against its own 10 years 43.86%

10-year low 10-year high

EV/Sales against its own 10 years 93.92%

10-year low 10-year high

Dividends

Payout Ratio 0.48

Annual Dividend Rate 4.00

Annual Dividend Yield 2.39%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	4.03	1.00 1.00 1.00
2025	3.61	0.87 0.87 0.87 1.00
2024	3.29	0.81 0.81 0.81 0.87
2023	3.77	0.74 0.74 0.74 0.74 0.81
2022	2.78	0.68 0.68 0.68 0.74
2021	2.56	0.63 0.63 0.63 0.68
2020	2.35	0.58 0.58 0.58 0.63
2019	2.15	0.53 0.53 0.53 0.58
2018	1.98	0.49 0.49 0.49 0.53
2017	1.84	0.45 0.45 0.45 0.49
2016	1.71	0.42 0.42 0.42 0.45

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	19	309	204	526
Receivables	329	366	376	469
Inventory	246	170	172	154
Other	292	288	302	351
	886	1,132	1,053	1,501

	2023	2024	2025	Q'26
Payables	336	445	507	437
ST’ Debt	11	10	21	511
Other	763	751	836	896
	1,353	1,206	1,363	1,844

Compound Annual Growth %

	10y	5y	3y
Sales	4.86%	10.76%	3.83%
Cash Flow	9.70%	14.57%	27.99%
Earnings	14.30%	14.79%	15.68%
Book Value	15.55%	14.83%	12.91%

Revenue $m

	Dec	Mar	Jun	Sep	Year
’26	1,343	1,962	879	—	—
’25	1,176	1,951	839	737	4,703
’24	1,158	1,647	702	658	4,165
’23	1,484	1,541	663	588	4,275
’22	1,013	1,650	816	723	4,202
’21	914	1,319	606	568	3,407
’20	876	978	493	475	2,821

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Dec	Mar	Jun	Sep	Year
’26	308	723	640	—	—
’25	282	923	496	348	2,049
’24	245	747	411	331	1,734
’23	189	2,704	329	238	3,460
’22	62	579	289	48	978
’21	157	(1,559)	244	74	(1,084)
’20	172	461	262	143	1,038

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Dec	Mar	Jun	Sep	Year
’26	(725)	(280)	(399)	—	—
’25	(609)	83	(371)	(615)	(1,512)
’24	(524)	101	(302)	(477)	(1,203)
’23	(607)	2,084	(339)	(484)	654
’22	(622)	73	(247)	(670)	(1,467)
’21	(300)	(1,948)	(268)	(537)	(3,054)
’20	(357)	(4)	(149)	(387)	(898)

Fiscal quarters ending in the months shown.

EPS $

	Dec	Mar	Jun	Sep	Year
’26	2.44	3.47	1.43	—	—
’25	2.23	3.03	1.16	1.07	7.46
’24	2.08	2.85	1.08	0.86	6.83
’23	1.91	2.48	0.94	0.80	6.10
’22	1.86	2.37	0.92	0.51	5.60
’21	1.71	2.30	0.78	0.37	5.12
’20	1.47	1.95	0.96	0.53	4.89

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	60.00	72.54	76.46	89.19	77.92	84.59	97.71	101.00	110.46	136.16	Analyst estimates 2026–2028 Powerpack
	High	81.97	93.56	100.76	115.19	121.08	105.30	122.96	125.28	152.65	180.65
People
People	Employees	4,747	4,565	4,564	4,776	4,694	4,684	4,791	5,019	5,260	5,487
	Revenue/emp, $m	0.52	0.60	0.68	0.61	0.60	0.73	0.88	0.85	0.79	0.86
Income, $m
Income, $m	Revenue	2,455	2,760	3,116	2,902	2,821	3,407	4,202	4,275	4,165	4,703
	Gross margin, %	69.60	66.46	62.52	70.40	76.65	69.69	59.95	66.03	77.58	77.33
	EBT	542	604	611	650	747	819	852	1,000	1,236	1,478
	EBT margin, %	22.09	21.89	19.62	22.41	26.47	24.04	20.28	23.38	29.67	31.43
	Net income	350	396	603	511	601	666	774	886	1,043	1,199
	Depreciation	293	326	369	401	441	492	545	608	663	720
Per share, $
Per share, $	Revenue	23.71	26.01	28.06	24.76	22.98	26.26	30.48	29.46	27.31	29.59
	Earnings	3.38	3.73	5.43	4.36	4.89	5.12	5.61	6.10	6.83	7.46
	Cash flow	7.68	8.17	10.13	8.27	8.45	(8.35)	7.09	23.84	11.37	12.89
	Capex	(10.50)	(10.72)	(13.22)	(14.45)	(15.76)	(15.18)	(17.73)	(19.34)	(19.26)	(22.41)
	Free cash flow	(2.82)	(2.54)	(3.09)	(6.18)	(7.31)	(23.53)	(10.64)	4.51	(7.89)	(9.51)
	Book value	33.45	36.75	42.97	49.06	55.31	60.93	68.34	74.90	79.72	85.31
	Shares, m	104	106	111	117	123	130	138	145	153	159
Valuation, ×
Valuation, ×	P/E	21.90	22.58	16.93	26.00	19.47	17.09	17.99	16.74	20.19	22.65
	P/S	3.14	3.26	3.30	4.60	4.16	3.36	3.34	3.49	5.08	5.77
	P/B	2.23	2.30	2.16	2.32	1.73	1.45	1.49	1.37	1.74	2.00
	EV/Sales	4.11	4.45	4.29	5.85	5.76	5.48	5.22	5.04	6.89	7.64
	EV/FCF	(34.60)	(45.46)	(38.93)	(23.43)	(18.10)	(6.11)	(14.96)	32.95	(23.86)	(23.77)
Cash, $m
Cash, $m	Operating cash flow	795	867	1,125	969	1,038	(1,084)	978	3,460	1,734	2,049
	Capex	(1,087)	(1,137)	(1,468)	(1,693)	(1,936)	(1,970)	(2,444)	(2,806)	(2,937)	(3,561)
	Free cash flow	(292)	(270)	(343)	(725)	(898)	(3,054)	(1,467)	654	(1,203)	(1,512)
Balance, $m
Balance, $m	Working capital	(1,107)	(474)	(1,436)	(751)	(311)	(672)	(555)	(467)	(74)	(310)
	Total debt	2,439	3,515	3,069	3,994	4,532	7,331	7,962	6,651	7,870	8,996
	Net debt	2,391	3,489	3,055	3,970	4,511	7,214	7,911	6,631	7,562	8,792
	Shareholders’ equity	3,463	3,899	4,770	5,750	6,791	7,907	9,419	10,870	12,158	13,559
Returns, %
Returns, %	ROA	3.67	3.81	5.33	4.05	4.19	3.81	3.71	3.96	4.37	4.49
	ROIC	7.02	6.22	5.81	4.80	4.56	3.74	3.32	3.81	4.30	4.36
	ROE	10.52	10.76	13.91	9.72	9.59	9.06	8.94	8.73	9.06	9.32

Negative figures in brackets.

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
ATO Atmos Energy Corporation	$27.7B	19.8×	20.2×	+4.80% (above 0%: growing)	+23.08% (above 0%: growing)	−7.79% (below 0%: shrinking)	99.07%	36.45%
NI NiSource, Inc	$19.8B	22.7×	22.7×	+4.63% (above 0%: growing)	−59.09% (below 0%: shrinking)	−156.14% (below 0%: shrinking)	85.58%	16.99%	Compare
UGI UGI Corporation	$8.1B	12.3×	11.5×	−4.52% (below 0%: shrinking)	n/m	−56.52% (below 0%: shrinking)	43.05%	(3.31%)	Compare
SWX Southwest Gas Corporation	$6.2B	11.4×	20.8×	−9.63% (below 0%: shrinking)	n/m	−157.57% (below 0%: shrinking)	89.27%	23.54%	Compare
BKH Black Hills Corporation	$5.8B	19.3×	16.7×	+3.14% (above 0%: growing)	+31.58% (above 0%: growing)	+24.09% (above 0%: growing)	74.93%	21.42%	Compare
NJR NewJersey Resources Corporation	$5.2B	14.3×	15.9×	+16.80% (above 0%: growing)	n/m	−3.14% (below 0%: shrinking)	57.69%	9.13%	Compare
SR Spire Inc.	$4.8B	9.1×	20.4×	+19.21% (above 0%: growing)	+1,131.03% (above 0%: growing)	+0.22% (above 0%: growing)	75.92%	5.57%	Compare
OGS ONE Gas, Inc.	$4.7B	16.2×	16.5×	−2.86% (below 0%: shrinking)	+39.62% (above 0%: growing)	+511.45% (above 0%: growing)	78.07%	20.08%	Compare
MDU MDU Resources Group, Inc.	$3.9B	20.0×	21.8×	+6.87% (above 0%: growing)	+42.86% (above 0%: growing)	−58.85% (below 0%: shrinking)	64.77%	12.78%	Compare
Median of peers	$5.5B	15.3×	18.5×	+3.88%	+39.62%	−29.83%	75.43%	14.88%

All 15 Utilities Regulated Gas stocks →

Atmos Energy Corporation (ATO) key facts

Strength: Atmos Energy Corporation’s revenue for fiscal 2025 (year ended September 2025) was $4.7 billion, up 12.9% from fiscal 2024.
Strength: Net income was $1.2 billion, or $7.46 per share (basic), a net margin of 25.5%.
Atmos Energy Corporation (ATO) is an Utilities Regulated Gas company in the Utilities sector, listed on the New York Stock Exchange.
As of October 16, 2026, ATO traded at $167.56, a market capitalization of $27.7 billion.
At that price the stock trades at 19.8× trailing-twelve-month earnings and 5.7× sales; its P/E is higher than 35% of its own readings over the past ten years.
Atmos Energy Corporation pays an annual dividend of $4.00 per share, a yield of 2.39%, with a payout ratio of 47.6%.
Return on equity was 9.32% and debt-to-equity 0.68.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 1.68 (distress zone) for fiscal 2025.