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Atmos Energy ATO Operating margin

Operating margin at other companies

Oneok logo
OneokOKE
16.9%-3.7pp
Enterprise Products Partners logo
Enterprise Products PartnersEPD
14.4%+1.6pp
CNP
CenterPoint EnergyCNP
22.5%-0.1pp
Williams Companies logo
Williams CompaniesWMB
34.3%-0.2pp
FirstEnergy logo
FirstEnergyFE
14.8%-3.2pp
Entergy logo
EntergyETR
27.1%+8.4pp

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
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 operating margin?
Atmos Energy (ATO) reported operating margin of 35.9% in Q1 2026.
How has Atmos Energy's operating margin changed year-over-year?
Atmos Energy's operating margin increased by 7.7% year-over-year, from 33.3% to 35.9%.
What is the long-term trend for Atmos Energy's operating margin?
Over 4 years (2021 to 2025), Atmos Energy's operating margin has grown at a 4.1% compound annual growth rate (CAGR), from 113.3% to 133.3%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.