NYSE : ATO
Atmos Energy Corporation — Financial statements
Utilities · Utilities - Regulated Gas · United States
Last price 172.41 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 29.14B
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Financial statements
Atmos Energy Corporation (ATO) reported revenue of 4.92B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 4.92B | 4.70B | 4.17B | 4.28B | 4.20B | 3.41B |
| Fuel & Purchased Power | 970.46M | 1.07B | 933.69M | 1.45B | 1.68B | 1.03B |
| Operations & Maintenance | 889.26M | 902.94M | 819.14M | 764.91M | 710.16M | 679.02M |
| Depreciation & Amortization | 777.53M | 734.75M | 669.97M | 604.33M | 535.65M | 477.98M |
| Other Operating Expenses | 437.50M | 411.48M | 366.01M | 369.51M | 360.55M | 332.02M |
| Total Operating Expenses | 3.07B | 3.12B | 2.79B | 3.19B | 3.29B | 2.52B |
| Operating Income | 1.85B | 1.59B | 1.38B | 1.08B | 912.64M | 885.76M |
| Interest Expense | -142.49M | -171.68M | -190.63M | -137.28M | -102.81M | -83.55M |
| Interest Income | 29.94M | 29.94M | 22.89M | 7.21M | 2.78M | 2.14M |
| Net Interest Expense | -112.55M | -141.73M | -167.75M | -130.07M | -100.03M | -81.41M |
| Allowance for Equity Funds for Construction | 75.42M | 75.42M | 58.23M | 64.02M | 45.51M | 32.75M |
| Other Non-Operating Income (Expenses) | -56.25M | -43.36M | -33.12M | -19.12M | 1.52M | -16.94M |
| EBT Excluding Unusual Items | 1.75B | 1.48B | 1.23B | 999.26M | 859.64M | 820.16M |
| Gain (Loss) on Sale of Investments | 174.00K | 174.00K | 3.56M | 1.41M | -7.74M | -860.00K |
| Other Unusual Items | -1.53M | -1.03M | ||||
| Pretax Income | 1.75B | 1.48B | 1.24B | 999.64M | 851.91M | 819.30M |
| Income Tax Expense | 351.13M | 279.28M | 192.88M | 113.78M | 77.51M | 153.74M |
| Earnings From Continuing Ops. | 1.40B | 1.20B | 1.04B | 885.86M | 774.40M | 665.56M |
| Net Income | 1.40B | 1.20B | 1.04B | 885.86M | 774.40M | 665.56M |
| Preferred Dividends & Other Adjustments | 435.00K | 487.00K | 553.00K | 542.00K | 508.00K | 465.00K |
| Net Income to Common | 1.40B | 1.20B | 1.04B | 885.32M | 773.89M | 665.10M |
| Shares Outstanding (Basic) | 164.64M | 158.94M | 152.51M | 145.12M | 137.83M | 129.78M |
| Shares Outstanding (Diluted) | 166.24M | 160.57M | 152.67M | 145.17M | 138.10M | 129.83M |
| EPS (Basic) | 8.52 | 7.54 | 6.83 | 6.10 | 5.61 | 5.12 |
| EPS (Diluted) | 8.43 | 7.46 | 6.83 | 6.10 | 5.60 | 5.12 |
| Free Cash Flow | -2.02B | -1.51B | -1.20B | 653.77M | -1.47B | -3.05B |
| Free Cash Flow Per Share | -12.15 | -9.42 | -7.88 | 4.50 | -10.62 | -23.52 |
| Dividend Per Share | 3.87 | 3.48 | 3.22 | 2.96 | 2.72 | 2.50 |
| Profit Margin | 28.49% | 25.48% | 25.02% | 20.71% | 18.42% | 19.52% |
| Free Cash Flow Margin | -41.05% | -32.15% | -28.89% | 15.29% | -34.91% | -89.62% |
| EBITDA | 2.62B | 2.32B | 2.05B | 1.69B | 1.45B | 1.36B |
| EBITDA Margin | 53.32% | 49.38% | 49.13% | 39.50% | 34.47% | 40.02% |
| D&A For EBITDA | 777.53M | 734.75M | 669.97M | 604.33M | 535.65M | 477.98M |
| EBIT | 1.85B | 1.59B | 1.38B | 1.08B | 912.64M | 885.76M |
| EBIT Margin | 37.52% | 33.76% | 33.05% | 25.36% | 21.72% | 25.99% |
| Effective Tax Rate | 20.02% | 18.89% | 15.61% | 11.38% | 9.10% | 18.76% |
| Revenue as Reported | 4.92B | 4.70B | 4.17B | 4.28B | 4.20B | 3.41B |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 520.95M | 202.69M | 307.34M | 15.40M | 51.55M | 116.72M |
| Accounts Receivable | 469.45M | 309.04M | 307.36M | 263.88M | 329.86M | 251.16M |
| Other Receivables | 75.41M | 72.85M | 78.69M | 45.76M | 91.80M | |
| Inventory | 154.43M | 191.83M | 186.47M | 280.13M | 383.82M | 193.70M |
| Prepaid Expenses | 80.50M | 74.78M | 58.03M | 58.55M | 48.77M | |
| Restricted Cash | 4.86M | 1.12M | 1.52M | 3.84M | ||
| Other Current Assets | 351.15M | 192.11M | 182.00M | 185.79M | 2.18B | 2.14B |
| Total Current Assets | 1.50B | 1.05B | 1.13B | 885.77M | 3.05B | 2.84B |
| Property, Plant & Equipment | 28.02B | 25.59B | 22.45B | 19.83B | 17.45B | 15.29B |
| Regulatory Assets | 428.95M | 396.96M | 364.74M | 368.38M | 351.84M | |
| Goodwill | 731.26M | 731.26M | 731.26M | 731.26M | 731.26M | 731.26M |
| Other Intangible Assets | 68.03M | 75.13M | 82.84M | 92.20M | ||
| Long-Term Investments | 114.94M | 202.57M | 483.70M | 451.09M | 277.54M | |
| Long-Term Deferred Charges | 1.27B | 6.42M | 10.90M | 88.50M | 89.01M | |
| Other Long-Term Assets | 3.03M | 259.63M | 188.17M | 118.45M | 51.17M | 33.88M |
| Total Assets | 31.59B | 28.25B | 25.19B | 22.52B | 22.19B | 19.61B |
| Accounts Payable | 436.66M | 381.00M | 341.95M | 218.18M | 258.51M | 224.87M |
| Accrued Expenses | 323.16M | 278.33M | 256.26M | 354.44M | 308.89M | |
| Short-Term Debt | 241.93M | 184.97M | ||||
| Current Portion of Long-Term Debt | 511.40M | 18.77M | 8.21M | 9.92M | 2.20B | 2.40B |
| Current Portion of Leases | 46.78M | 35.99M | 37.39M | 40.10M | 38.14M | |
| Current Income Taxes Payable | 237.97M | 215.86M | 195.47M | 189.24M | 160.99M | |
| Other Current Liabilities | 861.91M | 282.15M | 245.86M | 262.14M | 215.54M | 221.61M |
| Total Current Liabilities | 1.84B | 1.36B | 1.21B | 1.35B | 3.60B | 3.51B |
| Long-Term Debt | 9.71B | 8.93B | 7.81B | 6.59B | 5.71B | 4.91B |
| Long-Term Leases | 101.19M | 308.01M | 271.74M | 243.28M | 234.69M | 213.03M |
| Long-Term Unearned Revenue | 9.57M | 7.97M | 9.16M | 8.63M | 9.88M | |
| Pension & Post-Retirement Benefits | 68.40M | 67.32M | 66.52M | 91.60M | 185.62M | |
| Long-Term Deferred Tax Liabilities | 3.36B | 3.04B | 2.77B | 2.56B | 2.38B | 2.26B |
| Other Long-Term Liabilities | 1.31B | 976.26M | 899.95M | 826.78M | 741.41M | 615.94M |
| Total Liabilities | 16.33B | 14.69B | 13.04B | 11.65B | 12.77B | 11.70B |
| Common Stock | 845.00K | 808.00K | 776.00K | 742.00K | 704.00K | 662.00K |
| Additional Paid-In Capital | 9.21B | 8.22B | 7.47B | 6.68B | 5.84B | 5.02B |
| Retained Earnings | 5.59B | 4.86B | 4.22B | 3.67B | 3.21B | 2.81B |
| Comprehensive Income & Other | 460.41M | 475.01M | 465.71M | 518.53M | 369.11M | 69.80M |
| Shareholders' Equity | 15.26B | 13.56B | 12.16B | 10.87B | 9.42B | 7.91B |
| Total Liabilities & Equity | 31.59B | 28.25B | 25.19B | 22.52B | 22.19B | 19.61B |
| Total Debt | 10.32B | 9.30B | 8.13B | 7.12B | 8.37B | 7.56B |
| Net Cash (Debt) | -9.80B | -9.10B | -7.82B | -7.11B | -8.32B | -7.45B |
| Net Cash Per Share | -58.97 | -56.68 | -51.24 | -48.96 | -60.24 | -57.35 |
| Filing Date Shares Outstanding | 168.99M | 161.69M | 155.40M | 148.50M | 140.90M | 132.43M |
| Total Common Shares Outstanding | 168.99M | 161.57M | 155.26M | 148.49M | 140.90M | 132.42M |
| Working Capital | -343.53M | -309.92M | -73.56M | -466.82M | -554.91M | -671.64M |
| Book Value Per Share | 90.29 | 83.92 | 78.31 | 73.20 | 66.85 | 59.71 |
| Tangible Book Value | 14.46B | 12.75B | 11.34B | 10.05B | 8.69B | 7.18B |
| Tangible Book Value Per Share | 85.56 | 78.93 | 73.06 | 67.66 | 61.66 | 54.19 |
| Machinery | 27.99B | 24.75B | 21.92B | 19.36B | 17.22B | |
| Construction In Progress | 1.24B | 1.06B | 939.93M | 835.87M | 626.55M |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 1.40B | 1.20B | 1.04B | 885.86M | 774.40M | 665.56M |
| Depreciation & Amortization | 777.53M | 734.75M | 669.97M | 604.33M | 535.65M | 477.98M |
| Other Amortization | 14.03M | |||||
| Stock-Based Compensation | 12.73M | 12.73M | 10.71M | 10.18M | 10.74M | 11.26M |
| Change in Accounts Receivable | -1.42M | -1.42M | -40.91M | 46.86M | -34.33M | -113.67M |
| Change in Inventory | -2.25M | -2.25M | 76.32M | 112.11M | -179.82M | -66.17M |
| Change in Accounts Payable | 31.56M | 31.56M | -4.56M | -132.57M | 40.39M | 104.24M |
| Change in Other Net Operating Assets | -475.24M | -113.89M | -129.82M | 1.89B | -190.01M | -2.30B |
| Other Operating Activities | 274.23M | 189.22M | 109.14M | 47.24M | 20.55M | 126.34M |
| Operating Cash Flow | 2.02B | 2.05B | 1.73B | 3.46B | 977.58M | -1.08B |
| Capital Expenditures | -4.04B | -3.56B | -2.94B | -2.81B | -2.44B | -1.97B |
| Investment in Securities | -8.07M | -4.25M | -1.71M | -8.31M | 4.17M | -6.07M |
| Other Investing Activities | 4.22M | 4.37M | 16.06M | 19.01M | 10.29M | 11.96M |
| Investing Cash Flow | -4.04B | -3.56B | -2.92B | -2.80B | -2.43B | -1.96B |
| Short-Term Debt Issued | 2.08B | 184.97M | ||||
| Long-Term Debt Issued | 1.14B | 1.24B | 892.26M | 798.80M | 2.80B | |
| Total Debt Issued | 1.30B | 1.14B | 1.24B | 2.97B | 983.77M | 2.80B |
| Short-Term Debt Repaid | -241.93M | -2.02B | ||||
| Long-Term Debt Repaid | -8.07M | -9.92M | -2.20B | -200.00M | ||
| Total Debt Repaid | -18.42M | -8.07M | -251.85M | -4.22B | -200.00M | |
| Net Debt Issued (Repaid) | 1.28B | 1.14B | 988.35M | -1.25B | 783.77M | 2.80B |
| Issuance of Common Stock | 1.08B | 713.74M | 765.07M | 822.34M | 792.21M | 622.51M |
| Common Dividends Paid | -632.15M | -553.76M | -492.95M | -430.35M | -375.91M | -323.90M |
| Other Financing Activities | 110.62M | 111.42M | 218.16M | 162.01M | 187.14M | 47.87M |
| Financing Cash Flow | 1.84B | 1.41B | 1.48B | -696.77M | 1.39B | 3.14B |
| Net Cash Flow | -187.79M | -105.05M | 289.61M | -32.31M | -65.17M | 95.92M |
| Free Cash Flow | -2.02B | -1.51B | -1.20B | 653.77M | -1.47B | -3.05B |
| Free Cash Flow Margin | -41.05% | -32.15% | -28.89% | 15.29% | -34.91% | -89.62% |
| Free Cash Flow Per Share | -12.15 | -9.42 | -7.88 | 4.50 | -10.62 | -23.52 |
| Levered Free Cash Flow | -2.22B | -1.82B | -1.37B | 412.10M | -1.56B | -2.91B |
| Unlevered Free Cash Flow | -2.13B | -1.71B | -1.25B | 497.90M | -1.50B | -2.87B |
| Cash Interest Paid | 349.22M | 349.22M | 308.87M | 249.07M | 234.30M | 81.90M |
| Cash Income Tax Paid | 4.45M | 4.45M | 15.35M | 14.97M | 15.76M | 8.20M |
| Change in Working Capital | -447.34M | -86.00M | -98.97M | 1.91B | -363.76M | -2.38B |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 29.40B | 27.41B | 21.53B | 15.73B | 14.25B | 11.54B |
| Enterprise Value | 39.20B | 35.58B | 28.46B | 22.20B | 21.71B | 18.25B |
| PE Ratio | 20.63 | 22.87 | 20.66 | 17.76 | 18.41 | 17.34 |
| PS Ratio | 5.92 | 5.83 | 5.17 | 3.68 | 3.39 | 3.38 |
| PB Ratio | 1.91 | 2.02 | 1.77 | 1.45 | 1.51 | 1.46 |
| P/FCF Ratio | 24.05 | |||||
| P/OCF Ratio | 14.43 | 13.37 | 12.42 | 4.55 | 14.57 | |
| EV/Sales Ratio | 7.91 | 7.57 | 6.83 | 5.19 | 5.17 | 5.36 |
| EV/EBITDA Ratio | 14.84 | 15.32 | 13.91 | 13.14 | 14.99 | 13.38 |
| EV/EBIT Ratio | 21.08 | 22.41 | 20.68 | 20.47 | 23.79 | 20.61 |
| EV/FCF Ratio | 33.95 | |||||
| Debt / Equity Ratio | 0.68 | 0.69 | 0.67 | 0.66 | 0.89 | 0.96 |
| Debt / EBITDA Ratio | 3.85 | 3.91 | 3.88 | 4.11 | 5.61 | 5.38 |
| Debt / FCF Ratio | 10.89 | |||||
| Net Debt / Equity Ratio | 0.64 | 0.67 | 0.64 | 0.65 | 0.88 | 0.94 |
| Net Debt / EBITDA Ratio | 3.73 | 3.92 | 3.82 | 4.21 | 5.74 | 5.46 |
| Net Debt / FCF Ratio | -4.85 | -6.02 | -6.50 | 10.87 | -5.67 | -2.44 |
| Quick Ratio | 0.54 | 0.43 | 0.57 | 0.27 | 0.12 | 0.13 |
| Current Ratio | 0.81 | 0.77 | 0.94 | 0.66 | 0.85 | 0.81 |
| Asset Turnover | 0.17 | 0.18 | 0.17 | 0.19 | 0.20 | 0.20 |
| Return on Equity (ROE) | 9.79% | 9.32% | 9.06% | 8.73% | 8.94% | 9.06% |
| Return on Assets (ROA) | 3.89% | 3.71% | 3.61% | 3.03% | 2.73% | 3.17% |
| Return on Capital Employed (ROCE) | 6.20% | 5.90% | 5.70% | 5.10% | 4.90% | 5.50% |
| Earnings Yield | 4.85% | 4.37% | 4.84% | 5.63% | 5.44% | 5.77% |
| FCF Yield | -6.93% | -5.52% | -5.59% | 4.16% | -10.29% | -26.47% |
| Dividend Yield | 2.30% | 2.05% | 2.32% | 2.79% | 2.69% | 2.87% |
| Payout Ratio | 47.43% | 46.20% | 47.27% | 48.58% | 48.54% | 48.67% |
| Buyback Yield / Dilution | -4.62% | -5.18% | -5.17% | -5.12% | -6.36% | -5.67% |
| Total Shareholder Return | -2.30% | -3.13% | -2.84% | -2.33% | -3.67% | -2.80% |