ATONYSENatural Gas DistributionFiscal year ends September 30
ATMOS ENERGY CORP
Financials through Q3 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$164.74−2.60 (-1.55%)
Close on Oct 19, 2026
- Market cap
- $27.90B
- P/E (TTM)
- 19.6
- Dividend yield
- 2.11%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
–
Operating margin
33.2%+4.0 pts over 5 years
Net margin
25.5%+4.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +12.9% | +3.8% | +10.8% | +4.9% | |
| Operating income | +15.1% | +19.2% | +13.6% | +9.8% | |
| Net income | +14.9% | +15.7% | +14.8% | +14.3% | |
| EPS, diluted | +9.2% | +10.0% | +8.8% | +9.2% | |
| Dividend per share | +8.1% | +8.6% | +8.6% | +8.4% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 10.5% | 9.6% | 9.3% | |
| Return on assets | 3.7% | 4.2% | 4.5% | |
| Current ratio | 0.38 | 0.60 | 0.77 | |
| Debt to equity | 0.94 | 0.67 | 0.66 | |
| Net debt to EBITDA | 3.39× | 3.60× | 3.80× | |
| Interest coverage | 5.7× | 9.8× | 9.1× | |
| Capex to revenue | 44.3% | 68.6% | 75.7% | |
| Diluted shares | 104M | 123M | 161M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Atmos Energy generated $9.30B from operations and spent $15.90B on capital expenditure, dividends and share buybacks. 86% of that went back into the business.
Generated
$9.30B
Used
$15.90B
Capital expenditure$13.72B86%Dividends$2.18B14%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin25.5%
×Asset turnover0.18×
×Equity multiplier2.08×
=Return on equity, FY20259.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 25.5% | 0.18× | 2.08× | 9.3% |
| FY2024 | 25.0% | 0.17× | 2.07× | 9.1% |
| FY2023 | 20.7% | 0.19× | 2.20× | 8.7% |
| FY2022 | 18.4% | 0.20× | 2.41× | 8.9% |
| FY2021 | 19.5% | 0.19× | 2.38× | 9.1% |
| FY2020 | 21.3% | 0.20× | 2.29× | 9.6% |
| FY2019 | 17.6% | 0.23× | 2.40× | 9.7% |
| FY2018 | 19.4% | 0.28× | 2.61× | 13.9% |
| FY2017 | 14.4% | 0.27× | 2.82× | 10.8% |
| FY2016 | 14.3% | 0.26× | 2.87× | 10.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$1.20B
- Cash generatingOperating cash flow above zero$2.05B
- Return on assets improvedROA up on the prior year4.6% → 4.8%
- Earnings backed by cashOperating cash flow above net income$2.05B vs $1.20B
- Less leverageLong-term debt to assets fell30.9% → 31.5%
- Better liquidityCurrent ratio rose0.94 → 0.77
- No dilutionShare count did not rise153M → 161M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.18 → 0.19