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Atmos Energy ATO Price / earnings

Price / earnings at other companies

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OneokOKE
16.1×-4.3×
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Enterprise Products PartnersEPD
13.9×+1.2×
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CenterPoint EnergyCNP
26.4×+1.9×
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Xcel EnergyXEL
23.7×+2.6×
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Williams CompaniesWMB
32.6×+13.3×
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FirstEnergyFE
26.3×+4.8×

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/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 the most recent quarter.

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 price / earnings?
Atmos Energy (ATO) reported price / earnings of 22.7× in Q1 2026.
How has Atmos Energy's price / earnings changed year-over-year?
Atmos Energy's price / earnings increased by 5.2% year-over-year, from 21.6× to 22.7×.
What is the long-term trend for Atmos Energy's price / earnings?
Over 4 years (2021 to 2025), Atmos Energy's price / earnings has grown at a 3.5% compound annual growth rate (CAGR), from 74.9× to 85.9×.
What does price / earnings mean?
How many dollars investors pay for each dollar of the company's annual profit.
How do you interpret price / earnings?
Lower can mean cheaper — or that the market expects earnings to fall. High multiples embed growth expectations. Meaningless when earnings are negative, so it is suppressed there.
How does price / earnings compare across companies?
Compare against the company's own history and sector peers, not across sectors with different growth and risk profiles.