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Atmos Energy ATO Free cash flow margin

Free cash flow margin at other companies

Oneok logo
OneokOKE
6.4%-5.9pp
Enterprise Products Partners logo
Enterprise Products PartnersEPD
4.7%-1.9pp
CNP
CenterPoint EnergyCNP
-28.4%-1.6pp
Williams Companies logo
Williams CompaniesWMB
16%-13.4pp
FirstEnergy logo
FirstEnergyFE
-11.2%
Entergy logo
EntergyETR
-20.9%+3,135pp

Other financials

Income statement

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Revenue$2.0B+0.6%
Operating income$764.8M+21.6%
Net income$581.9M+19.8%
EPS (diluted)$3.47+14.5%

Balance sheet

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Cash & equivalents$127.1M-76.7%
Total debt$9.7B+13.9%
Total equity$14.9B+13.5%
Total assets$30.4B+12.6%

Cash flow

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Operating cash flow$723.5M-21.6%
CapEx$1.0B+19.5%
Free cash flow-$280.1M

Valuation

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Market cap$28.32B+24.6%
Enterprise value$37.92B+23.5%
P/E21×+1.0×
P/S5.8×+0.7×

Profitability

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Gross margin75.1%+15.5pp
Operating margin35.9%+2.6pp
Net margin27.6%+2.2pp

Returns & leverage

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Return on equity9.6%+0.4pp
Debt / equity0.7×0.0×
Current ratio-0.3×

Where this comes from

Calculated from Atmos Energy’s reported figures.

Based on trailing twelve months.

The official record: Atmos Energy’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Atmos Energy's free cash flow margin?
Atmos Energy (ATO) reported free cash flow margin of -40.8% in Q1 2026.
How has Atmos Energy's free cash flow margin changed year-over-year?
Atmos Energy's free cash flow margin decreased by 31.8% year-over-year, from -31% to -40.8%.
What is the long-term trend for Atmos Energy's free cash flow margin?
Over 2 years (2021 to 2025), Atmos Energy's free cash flow margin has grown at a -33.6% compound annual growth rate (CAGR), from -293.6% to -129.6%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.