Atmos Energy (ATO) Financials

$156.45 +1.47 (+0.95%)

Closing price 03:59 PM Eastern

Extended Trading

$156.30 -0.15 (-0.10%)

As of 07:05 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	315	350	396	603	511	601	666	774	886	1,043
Consolidated Net Income / (Loss)	315	350	396	603	511	601	666	774	886	1,043
Net Income / (Loss) Continuing Operations	306	346	383	603	511	601	666	774	886	1,043
Total Pre-Tax Income	495	542	604	611	650	747	819	852	1,000	1,236
Total Operating Income	612	657	736	728	746	824	905	921	1,067	1,355
Total Gross Profit	1,631	1,708	1,834	1,948	2,043	2,162	2,375	2,519	2,823	3,231
Total Revenue	2,927	2,455	2,760	3,116	2,902	2,821	3,407	4,202	4,275	4,165
Operating Revenue	2,927	2,455	2,760	3,116	2,902	2,821	3,407	4,202	4,275	4,165
Total Cost of Revenue	1,296	746	926	1,168	859	659	1,033	1,683	1,452	934
Operating Cost of Revenue	1,296	746	926	1,168	859	659	1,033	1,683	1,452	934
Total Operating Expenses	1,019	1,051	1,099	1,220	1,297	1,338	1,470	1,598	1,756	1,876
Selling, General & Admin Expense	516	539	539	595	630	630	679	710	765	819
Depreciation Expense	272	291	319	361	391	430	478	536	604	670
Other Operating Expenses / (Income)	230	222	240	264	275	279	313	352	387	387
Total Other Income / (Expense), net	-117	-115	-132	-117	-96	-77	-86	-69	-68	-120
Interest Expense	116	115	120	107	103	84	84	103	137	191
Other Income / (Expense), net	-0.82	-0.23	-11	-10	7.40	7.17	-2.15	34	70	71
Income Tax Expense	190	197	221	8.08	139	145	154	78	114	193
Basic Earnings per Share	$3.09	$3.38	$3.73	$5.43	$4.36	$4.89	$5.12	$5.61	$6.10	$6.83
Weighted Average Basic Shares Outstanding	101.89M	103.52M	106.10M	111.01M	117.20M	122.79M	129.78M	137.83M	145.12M	152.51M
Diluted Earnings per Share	$3.09	$3.38	$3.73	$5.43	$4.35	$4.89	$5.12	$5.60	$6.10	$6.83
Weighted Average Diluted Shares Outstanding	101.89M	103.52M	106.10M	111.01M	117.46M	122.87M	129.83M	138.10M	145.17M	152.67M
Weighted Average Basic & Diluted Shares Outstanding	101.89M	103.52M	106.10M	111.01M	119.34M	125.89M	132.43M	140.90M	148.50M	155.40M
Cash Dividends to Common per Share	$1.56	$1.68	$1.80	$1.94	$2.10	$2.30	$2.50	$2.72	$2.96	$3.22

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Net Income / (Loss) Attributable to Common Shareholders	129	72	272	358	138	119	311	432	166	134	352
Consolidated Net Income / (Loss)	129	72	272	358	138	119	311	432	166	134	352
Net Income / (Loss) Continuing Operations	129	72	272	358	138	119	311	432	166	134	352
Total Pre-Tax Income	142	84	306	403	154	137	365	512	199	159	431
Total Operating Income	155	105	321	423	169	154	399	551	220	185	459
Total Gross Profit	567	532	746	875	618	584	820	1,023	704	685	942
Total Revenue	816	723	1,484	1,541	663	588	1,158	1,647	702	658	1,176
Operating Revenue	816	723	1,484	1,541	663	588	1,158	1,647	702	658	1,176
Total Cost of Revenue	249	191	738	666	45	3.16	339	624	-2.59	-27	234
Operating Cost of Revenue	249	191	738	666	45	3.16	339	624	-2.59	-27	234
Total Operating Expenses	413	426	425	452	449	430	420	472	484	500	482
Selling, General & Admin Expense	182	205	185	195	195	190	166	200	211	242	207
Depreciation Expense	134	140	146	148	151	159	165	165	167	173	181
Other Operating Expenses / (Income)	96	81	94	109	103	81	90	107	106	85	95
Total Other Income / (Expense), net	-13	-21	-16	-20	-15	-17	-34	-39	-21	-26	-28
Interest Expense	26	28	37	37	31	32	52	55	41	42	53
Other Income / (Expense), net	13	6.56	21	17	16	15	18	17	20	17	25
Income Tax Expense	13	12	34	45	16	19	54	80	33	25	79
Basic Earnings per Share	$0.92	$0.46	$1.92	$2.48	$0.94	$0.76	$2.08	$2.85	$1.08	$0.82	$2.25
Weighted Average Basic Shares Outstanding	139.88M	137.83M	141.82M	143.94M	146.05M	145.12M	149.80M	151.27M	153.31M	152.51M	156.30M
Diluted Earnings per Share	$0.92	$0.45	$1.91	$2.48	$0.94	$0.77	$2.08	$2.85	$1.08	$0.82	$2.23
Weighted Average Diluted Shares Outstanding	140.23M	138.10M	141.94M	143.99M	146.07M	145.17M	149.80M	151.30M	153.40M	152.67M	157.82M
Weighted Average Basic & Diluted Shares Outstanding	139.89M	140.90M	143.16M	144.49M	148.46M	148.50M	150.84M	150.88M	155.23M	155.40M	158.73M
Cash Dividends to Common per Share	$0.68	-	$0.74	$0.74	$0.74	-	$0.81	$0.81	$0.81	-	$0.87

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

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Net Change in Cash & Equivalents	-254	-277	120	-76	-37	-39	266	-22	415	-370	281
Net Cash From Operating Activities	289	48	189	2,704	329	238	245	747	411	331	282
Net Cash From Continuing Operating Activities	289	48	189	2,704	329	238	245	747	411	331	282
Net Income / (Loss) Continuing Operations	129	72	272	358	138	119	311	432	166	134	352
Consolidated Net Income / (Loss)	129	72	272	358	138	119	311	432	166	134	352
Depreciation Expense	134	140	146	148	151	159	165	165	167	173	181
Non-Cash Adjustments To Reconcile Net Income	-3.13	-16	-18	2,012	-11	-2,038	-17	-11	-11	-6.56	-19
Changes in Operating Assets and Liabilities, net	29	-157	-211	186	51	1,995	-214	161	90	37	-231
Net Cash From Investing Activities	-533	-715	-793	-618	-667	-718	-764	-645	-710	-804	-889
Net Cash From Continuing Investing Activities	-533	-715	-793	-618	-667	-718	-764	-645	-710	-804	-889
Purchase of Property, Plant & Equipment	-536	-718	-796	-620	-668	-722	-770	-646	-714	-808	-891
Purchase of Investments	-0.16	-32	-2.47	-2.09	-2.74	-39	-0.08	-0.93	-0.69	-18	-0.49
Other Investing Activities, net	3.57	2.41	5.62	3.90	3.95	5.54	5.35	1.92	4.47	4.32	2.74
Net Cash From Financing Activities	-11	391	724	-2,162	301	441	785	-123	714	103	887
Net Cash From Continuing Financing Activities	-11	391	724	-2,162	301	441	785	-123	714	103	887
Repayment of Debt	-	-	-193	-4,220	-1.27	242	-251	-5.74	-2.23	-6.01	-5.99
Payment of Dividends	-95	-97	-105	-106	-108	-111	-120	-122	-125	-126	-135
Issuance of Debt	-	185	797	2,020	95	-	898	-	342	-	645
Issuance of Common Equity	85	105	224	144	316	139	258	4.03	500	3.69	384

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

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Total Assets	21,655	22,193	23,366	21,312	21,772	22,517	23,684	24,005	24,891	25,194	26,497
Total Current Assets	3,282	3,048	3,628	1,073	889	886	1,680	1,432	1,709	1,132	1,828
Cash & Equivalents	328	52	172	95	56	15	278	262	675	307	585
Restricted Cash	-	0.00	-	-	1.88	3.84	7.13	1.27	4.64	1.52	4.87
Accounts Receivable	375	364	826	524	331	329	646	596	392	366	629
Inventories, net	224	358	324	183	211	246	221	144	158	170	153
Other Current Assets	2,355	2,274	2,306	271	289	292	527	428	480	288	457
Plant, Property, & Equipment, net	16,557	17,240	17,972	18,446	19,018	19,607	20,319	20,815	21,422	22,204	22,962
Plant, Property & Equipment, gross	19,502	20,238	20,987	21,582	22,224	22,898	23,684	24,284	24,980	25,848	26,676
Accumulated Depreciation	2,945	2,998	3,016	3,136	3,206	3,292	3,364	3,469	3,558	3,644	3,714
Total Noncurrent Assets	1,817	1,905	1,767	1,793	1,864	2,025	1,685	1,758	1,761	1,858	1,707
Goodwill	731	731	731	731	731	731	731	731	731	731	731
Intangible Assets	-	0.00	-	-	94	92	90	87	85	83	81
Other Noncurrent Operating Assets	1,086	1,174	1,035	1,062	1,039	1,201	864	939	944	1,044	895
Total Liabilities & Shareholders' Equity	21,655	22,193	23,366	21,312	21,772	22,517	23,684	24,005	24,891	25,194	26,497
Total Liabilities	12,387	12,774	13,530	11,107	11,169	11,647	12,411	12,386	12,708	13,037	13,717
Total Current Liabilities	3,259	3,603	3,532	1,113	1,034	1,353	1,170	1,055	985	1,206	1,175
Short-Term Debt	2,201	2,386	2,201	1.51	7.51	253	11	9.59	9.62	9.86	20
Accounts Payable	397	496	575	365	328	336	417	368	319	445	453
Other Current Liabilities	661	720	756	747	699	763	742	678	656	751	702
Total Noncurrent Liabilities	9,128	9,171	9,998	9,994	10,135	10,294	11,241	11,331	11,723	11,831	12,542
Long-Term Debt	5,759	5,761	6,552	6,553	6,643	6,639	7,529	7,526	7,866	7,861	8,490
Asset Retirement Reserve & Litigation Obligation	480	488	495	482	488	497	498	507	516	508	520
Noncurrent Deferred & Payable Income Tax Liabilities	2,363	2,385	2,421	2,451	2,205	2,558	2,611	2,702	2,550	2,771	2,848
Other Noncurrent Operating Liabilities	526	538	530	508	799	600	602	596	791	692	684
Total Equity & Noncontrolling Interests	9,268	9,419	9,836	10,205	10,602	10,870	11,273	11,619	12,183	12,158	12,780
Total Preferred & Common Equity	9,268	9,419	9,836	10,205	10,602	10,870	11,273	11,619	12,183	12,158	12,780
Total Common Equity	9,268	9,419	9,836	10,205	10,602	10,870	11,273	11,619	12,183	12,158	12,780
Common Stock	5,727	5,839	6,066	6,214	6,539	6,685	6,947	6,955	7,464	7,475	7,865
Retained Earnings	3,236	3,211	3,378	3,630	3,659	3,667	3,858	4,168	4,209	4,217	4,433
Accumulated Other Comprehensive Income / (Loss)	305	369	391	361	404	519	469	496	510	466	482

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

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

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	34.82%	27.14%	46.53%	-6.60%	-18.83%	-18.68%	-21.94%	6.90%	5.86%	11.96%	1.51%
EBITDA Growth	16.80%	26.88%	18.42%	12.34%	11.28%	30.21%	19.08%	24.54%	21.07%	14.22%	14.28%
EBIT Growth	20.52%	51.25%	20.32%	12.73%	10.47%	51.02%	21.79%	29.00%	29.52%	19.22%	16.10%
NOPAT Growth	21.49%	20.60%	10.01%	8.40%	7.91%	48.20%	19.10%	23.79%	21.06%	16.90%	10.19%
Net Income Growth	25.52%	47.05%	9.09%	10.05%	7.20%	65.44%	14.50%	20.79%	20.14%	13.07%	13.03%
EPS Growth	17.95%	36.36%	2.69%	4.64%	2.17%	71.11%	8.90%	14.92%	14.89%	6.49%	7.21%
Operating Cash Flow Growth	18.48%	-34.96%	205.54%	367.25%	13.84%	393.57%	29.85%	-72.39%	25.06%	38.81%	14.98%
Free Cash Flow Firm Growth	40.66%	38.46%	44.03%	104.05%	93.48%	95.84%	110.68%	-2,598.20%	-1,306.37%	-1,799.95%	-882.63%
Invested Capital Growth	15.93%	15.83%	15.24%	1.86%	1.74%	1.31%	0.60%	13.36%	12.71%	11.14%	11.73%
Revenue Q/Q Growth	-50.51%	-11.49%	105.36%	3.84%	-56.99%	-11.33%	97.14%	42.19%	-57.41%	-6.22%	78.74%
EBITDA Q/Q Growth	-42.32%	-16.53%	93.69%	20.47%	-42.87%	-2.32%	77.13%	25.99%	-44.46%	-7.85%	77.23%
EBIT Q/Q Growth	-57.00%	-33.30%	205.80%	28.53%	-57.86%	-8.82%	146.63%	36.14%	-57.69%	-16.07%	140.17%
NOPAT Q/Q Growth	-59.50%	-36.01%	218.27%	31.39%	-59.68%	-12.11%	155.77%	36.57%	-60.57%	-15.13%	141.09%
Net Income Q/Q Growth	-60.45%	-44.27%	279.46%	31.56%	-61.47%	-13.99%	162.64%	38.78%	-61.68%	-19.05%	162.55%
EPS Q/Q Growth	-61.18%	-51.09%	324.44%	29.84%	-62.10%	-18.09%	170.13%	37.02%	-62.11%	-24.07%	171.95%
Operating Cash Flow Q/Q Growth	-50.09%	-83.29%	291.36%	1,331.35%	-87.84%	-27.54%	2.96%	204.38%	-44.92%	-19.58%	-14.72%
Free Cash Flow Firm Q/Q Growth	-25.33%	-5.58%	6.68%	103.28%	-301.94%	32.71%	339.77%	-866.73%	-13.68%	9.09%	1.23%
Invested Capital Q/Q Growth	3.31%	3.63%	5.16%	-9.52%	3.18%	3.19%	4.42%	1.95%	2.59%	1.75%	4.98%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	69.48%	73.57%	50.25%	56.77%	93.28%	99.46%	70.75%	62.10%	100.37%	104.09%	80.10%
EBITDA Margin	37.00%	34.89%	32.91%	38.18%	50.72%	55.87%	50.20%	44.48%	58.01%	57.00%	56.52%
Operating Margin	18.93%	14.59%	21.64%	27.43%	25.54%	26.22%	34.45%	33.45%	31.40%	28.12%	39.07%
EBIT Margin	20.56%	15.49%	23.07%	28.56%	27.98%	28.77%	36.00%	34.46%	34.23%	30.64%	41.17%
Profit (Net Income) Margin	15.75%	9.91%	18.32%	23.21%	20.79%	20.17%	26.87%	26.23%	23.60%	20.37%	29.92%
Tax Burden Percent	90.74%	85.17%	88.95%	88.82%	89.43%	86.35%	85.26%	84.34%	83.20%	84.06%	81.60%
Interest Burden Percent	84.40%	75.13%	89.26%	91.51%	83.10%	81.18%	87.56%	90.23%	82.86%	79.09%	89.07%
Effective Tax Rate	9.26%	14.83%	11.05%	11.18%	10.57%	13.65%	14.74%	15.66%	16.80%	15.94%	18.40%
Return on Invested Capital (ROIC)	4.42%	3.20%	5.23%	6.73%	5.91%	5.49%	6.28%	6.44%	5.85%	5.26%	6.80%
ROIC Less NNEP Spread (ROIC-NNEP)	4.26%	2.96%	5.06%	6.48%	5.72%	5.30%	5.91%	5.96%	5.59%	4.96%	6.49%
Return on Net Nonoperating Assets (RNNOA)	3.61%	2.62%	4.54%	4.67%	4.09%	3.91%	4.44%	3.75%	3.38%	3.11%	4.10%
Return on Equity (ROE)	8.02%	5.82%	9.77%	11.40%	10.00%	9.40%	10.72%	10.19%	9.23%	8.36%	10.90%
Cash Return on Invested Capital (CROIC)	-9.53%	-9.54%	-9.15%	3.55%	3.57%	4.07%	4.82%	-6.39%	-5.82%	-4.44%	-5.07%
Operating Return on Assets (OROA)	4.06%	3.11%	4.91%	6.12%	5.68%	5.50%	6.04%	6.17%	6.01%	5.35%	6.86%
Return on Assets (ROA)	3.11%	1.99%	3.90%	4.98%	4.22%	3.86%	4.51%	4.70%	4.14%	3.56%	4.99%
Return on Common Equity (ROCE)	8.02%	5.82%	9.77%	11.40%	10.00%	9.40%	10.72%	10.19%	9.23%	8.36%	10.90%
Return on Equity Simple (ROE_SIMPLE)	8.11%	0.00%	8.10%	8.13%	7.91%	0.00%	8.21%	8.60%	8.43%	0.00%	8.48%
Net Operating Profit after Tax (NOPAT)	140	90	286	375	151	133	340	465	183	156	375
NOPAT Margin	17.18%	12.42%	19.25%	24.36%	22.84%	22.64%	29.37%	28.21%	26.12%	23.64%	31.88%
Net Nonoperating Expense Percent (NNEP)	0.16%	0.24%	0.17%	0.26%	0.19%	0.19%	0.37%	0.48%	0.26%	0.30%	0.30%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	1.81%	-	-	-	1.76%
Cost of Revenue to Revenue	30.52%	26.43%	49.75%	43.23%	6.72%	0.54%	29.25%	37.90%	-0.37%	-4.09%	19.90%
SG&A Expenses to Revenue	22.33%	28.42%	12.47%	12.64%	29.43%	32.35%	14.36%	12.14%	30.12%	36.72%	17.61%
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	50.55%	58.99%	28.61%	29.34%	67.74%	73.24%	36.30%	28.65%	68.97%	75.97%	41.03%
Earnings before Interest and Taxes (EBIT)	168	112	342	440	185	169	417	568	240	202	484
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	302	252	488	588	336	328	582	733	407	375	665
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.60	1.43	1.54	1.52	1.54	1.41	1.49	1.53	1.44	1.77	1.69
Price to Tangible Book Value (P/TBV)	1.73	1.56	1.67	1.64	1.67	1.52	1.60	1.65	1.55	1.90	1.81
Price to Revenue (P/Rev)	3.65	3.22	3.25	3.41	3.71	3.58	4.24	4.39	4.30	5.17	5.17
Price to Earnings (P/E)	19.68	17.45	19.03	18.74	19.49	17.27	18.12	17.81	17.13	20.65	19.98
Dividend Yield	2.51%	2.82%	2.58%	2.62%	2.56%	2.87%	2.68%	2.62%	2.70%	2.32%	2.36%
Earnings Yield	5.08%	5.73%	5.26%	5.34%	5.13%	5.79%	5.52%	5.61%	5.84%	4.84%	5.01%
Enterprise Value to Invested Capital (EV/IC)	1.33	1.23	1.29	1.32	1.33	1.25	1.30	1.33	1.28	1.48	1.43
Enterprise Value to Revenue (EV/Rev)	5.54	5.14	5.08	4.82	5.20	5.19	6.08	6.18	6.06	6.99	7.07
Enterprise Value to EBITDA (EV/EBITDA)	15.60	14.41	15.16	13.49	13.78	12.71	13.09	12.67	12.10	13.92	13.56
Enterprise Value to EBIT (EV/EBIT)	24.45	22.63	23.45	20.72	21.25	19.50	19.82	18.72	17.79	20.40	19.79
Enterprise Value to NOPAT (EV/NOPAT)	27.23	25.81	27.53	24.68	25.41	23.45	24.01	23.02	22.12	25.44	25.09
Enterprise Value to Operating Cash Flow (EV/OCF)	22.34	22.11	21.50	6.81	7.02	6.41	6.83	16.09	15.11	16.78	16.70
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	37.50	37.67	30.93	26.99	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.86	0.87	0.89	0.64	0.63	0.63	0.67	0.65	0.65	0.65	0.67
Long-Term Debt to Equity	0.62	0.61	0.67	0.64	0.63	0.61	0.67	0.65	0.65	0.65	0.66
Financial Leverage	0.85	0.88	0.90	0.72	0.72	0.74	0.75	0.63	0.61	0.63	0.63
Leverage Ratio	2.40	2.41	2.42	2.22	2.19	2.20	2.23	2.08	2.05	2.07	2.09
Compound Leverage Factor	2.03	1.81	2.16	2.03	1.82	1.79	1.95	1.87	1.70	1.64	1.86
Debt to Total Capital	46.21%	46.38%	47.09%	39.11%	38.55%	38.80%	40.08%	39.34%	39.26%	39.30%	39.97%
Short-Term Debt to Total Capital	12.78%	13.59%	11.84%	0.01%	0.04%	1.43%	0.06%	0.05%	0.05%	0.05%	0.09%
Long-Term Debt to Total Capital	33.43%	32.79%	35.24%	39.10%	38.50%	37.38%	40.02%	39.29%	39.22%	39.25%	39.88%
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	53.79%	53.62%	52.91%	60.89%	61.45%	61.20%	59.92%	60.66%	60.74%	60.70%	60.03%
Debt to EBITDA	5.54	5.43	5.59	4.02	3.99	3.95	4.11	3.81	3.84	3.77	3.90
Net Debt to EBITDA	5.31	5.40	5.48	3.96	3.96	3.94	3.96	3.67	3.51	3.62	3.63
Long-Term Debt to EBITDA	4.01	3.84	4.18	4.02	3.99	3.80	4.10	3.80	3.84	3.76	3.90
Debt to NOPAT	9.67	9.73	10.15	7.35	7.37	7.29	7.54	6.92	7.02	6.88	7.22
Net Debt to NOPAT	9.27	9.67	9.95	7.24	7.30	7.27	7.25	6.68	6.42	6.61	6.72
Long-Term Debt to NOPAT	6.99	6.88	7.59	7.35	7.36	7.02	7.53	6.91	7.02	6.87	7.21
Altman Z-Score	1.14	1.01	1.13	1.36	1.34	1.21	1.29	1.37	1.30	1.41	1.43
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	1.01	0.85	1.03	0.96	0.86	0.65	1.44	1.36	1.73	0.94	1.56
Quick Ratio	0.22	0.12	0.28	0.56	0.37	0.25	0.79	0.81	1.08	0.56	1.03
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-2,182	-2,304	-2,150	70	-142	-96	230	-1,761	-2,002	-1,820	-1,798
Operating Cash Flow to CapEx	53.89%	6.72%	23.74%	436.32%	49.21%	32.97%	31.87%	115.59%	57.62%	40.93%	31.65%
Free Cash Flow to Firm to Interest Expense	-83.33	-82.75	-58.49	1.89	-4.54	-3.01	4.43	-31.77	-48.64	-43.18	-33.97
Operating Cash Flow to Interest Expense	11.03	1.73	5.14	72.35	10.49	7.49	4.73	13.47	9.99	7.84	5.33
Operating Cash Flow Less CapEx to Interest Expense	-9.44	-24.07	-16.51	55.77	-10.83	-15.22	-10.11	1.82	-7.35	-11.32	-11.51
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.20	0.20	0.21	0.21	0.20	0.19	0.17	0.18	0.18	0.17	0.17
Accounts Receivable Turnover	12.15	11.89	6.97	8.38	12.49	12.35	5.36	7.24	11.34	11.99	6.56
Inventory Turnover	9.74	6.28	7.54	13.19	7.54	4.81	3.87	6.17	5.22	4.50	4.43
Fixed Asset Turnover	0.26	0.26	0.28	0.26	0.25	0.23	0.21	0.21	0.20	0.20	0.19
Accounts Payable Turnover	4.65	3.66	4.21	5.13	4.52	3.49	2.12	2.76	2.98	2.39	1.91
Days Sales Outstanding (DSO)	30.05	30.69	52.36	43.54	29.22	29.55	68.05	50.40	32.19	30.43	55.64
Days Inventory Outstanding (DIO)	37.47	58.14	48.43	27.68	48.41	75.88	94.41	59.14	69.87	81.18	82.34
Days Payable Outstanding (DPO)	78.47	99.70	86.65	71.13	80.67	104.57	171.86	132.31	122.57	152.75	191.50
Cash Conversion Cycle (CCC)	-10.95	-10.87	14.15	0.09	-3.04	0.86	-9.40	-22.76	-20.51	-41.13	-53.51
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	16,901	17,515	18,418	16,665	17,194	17,743	18,529	18,891	19,380	19,719	20,701
Invested Capital Turnover	0.26	0.26	0.27	0.28	0.26	0.24	0.21	0.23	0.22	0.22	0.21
Increase / (Decrease) in Invested Capital	2,323	2,394	2,436	305	294	229	111	2,226	2,185	1,976	2,173
Enterprise Value (EV)	22,420	21,610	23,747	22,006	22,943	22,173	24,017	25,076	24,797	29,094	29,563
Market Capitalization	14,787	13,514	15,165	15,547	16,351	15,300	16,762	17,804	17,600	21,532	21,642
Book Value per Share	$66.67	$67.33	$69.81	$71.28	$73.38	$73.22	$75.26	$77.03	$80.75	$78.32	$82.24
Tangible Book Value per Share	$61.41	$62.10	$64.62	$66.18	$67.67	$67.67	$69.77	$71.60	$75.34	$73.07	$77.02
Total Capital	17,229	17,566	18,590	16,760	17,253	17,763	18,814	19,154	20,059	20,028	21,291
Total Debt	7,961	8,147	8,753	6,555	6,650	6,893	7,541	7,536	7,876	7,870	8,510
Total Long-Term Debt	5,759	5,761	6,552	6,553	6,643	6,639	7,529	7,526	7,866	7,861	8,490
Net Debt	7,633	8,096	8,582	6,459	6,592	6,873	7,255	7,272	7,197	7,562	7,921
Capital Expenditures (CapEx)	536	718	796	620	668	722	770	646	714	808	891
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,896	1,780	2,126	-134	-196	-233	235	123	54	-373	84
Debt-free Net Working Capital (DFNWC)	2,224	1,832	2,297	-38	-138	-213	521	387	733	-64	673
Net Working Capital (NWC)	23	-555	96	-40	-145	-467	509	377	724	-74	653
Net Nonoperating Expense (NNE)	12	18	14	18	14	15	29	33	18	22	23
Net Nonoperating Obligations (NNO)	7,633	8,096	8,582	6,459	6,592	6,873	7,255	7,272	7,197	7,562	7,921
Total Depreciation and Amortization (D&A)	134	140	146	148	151	159	165	165	167	173	181
Debt-free, Cash-free Net Working Capital to Revenue	46.85%	42.36%	45.49%	-2.93%	-4.44%	-5.44%	5.96%	3.03%	1.32%	-8.94%	2.00%
Debt-free Net Working Capital to Revenue	54.95%	43.59%	49.16%	-0.84%	-3.13%	-4.99%	13.18%	9.54%	17.91%	-1.53%	16.09%
Net Working Capital to Revenue	0.56%	-13.21%	2.05%	-0.87%	-3.30%	-10.92%	12.89%	9.30%	17.67%	-1.77%	15.62%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.92	$0.46	$1.92	$2.48	$0.94	$0.76	$2.08	$2.85	$1.08	$0.82	$2.25
Adjusted Weighted Average Basic Shares Outstanding	139.88M	137.83M	141.82M	143.94M	146.05M	145.12M	149.80M	151.27M	153.31M	152.51M	156.30M
Adjusted Diluted Earnings per Share	$0.92	$0.45	$1.91	$2.48	$0.94	$0.77	$2.08	$2.85	$1.08	$0.82	$2.23
Adjusted Weighted Average Diluted Shares Outstanding	140.23M	138.10M	141.94M	143.99M	146.07M	145.17M	149.80M	151.30M	153.40M	152.67M	157.82M
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	139.89M	140.90M	143.16M	144.49M	148.46M	148.50M	150.84M	150.88M	155.23M	155.40M	158.73M
Normalized Net Operating Profit after Tax (NOPAT)	140	90	286	375	151	133	340	465	183	156	375
Normalized NOPAT Margin	17.18%	12.42%	19.25%	24.36%	22.84%	22.64%	29.37%	28.21%	26.12%	23.64%	31.88%
Pre Tax Income Margin	17.35%	11.64%	20.59%	26.13%	23.25%	23.36%	31.52%	31.10%	28.37%	24.23%	36.67%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.41	4.02	9.31	11.78	5.92	5.31	8.04	10.24	5.83	4.78	9.15
NOPAT to Interest Expense	5.36	3.22	7.77	10.05	4.83	4.18	6.56	8.38	4.45	3.69	7.08
EBIT Less CapEx to Interest Expense	-14.06	-21.78	-12.33	-4.81	-15.41	-17.39	-6.80	-1.41	-11.50	-14.39	-7.69
NOPAT Less CapEx to Interest Expense	-15.11	-22.58	-13.87	-6.54	-16.49	-18.53	-8.28	-3.27	-12.89	-15.48	-9.75
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	48.16%	48.54%	48.94%	48.53%	49.55%	48.58%	48.17%	46.13%	46.52%	47.27%	46.93%
Augmented Payout Ratio	48.16%	48.54%	48.94%	48.53%	49.55%	48.58%	48.17%	46.13%	46.52%	47.27%	46.93%

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.

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%.

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This page (NYSE:ATO) was last updated on 4/15/2025 by MarketBeat.com Staff

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Atmos Energy (ATO) Financials

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