Atmos Energy

Utilities Gas Utilities Dallas, Texas Last filing Nov 14, 2025 · FY2025

                    Revenue
                    FY2025
                
$4.7B
                    3y CAGR +3.8%
                    
                    P58
                    
                    +12.9%
                    
                    Net income
                    FY2025
                
$1.2B
                    Net margin +25.5%
                    
                    P100
                    
                    +14.9%
                    
                    Total assets
                    FY2025
                
$28.2B
                    ROA +4.2%
                    
                    P97
                    
                    +12.1%
                    
                    Operating cash flow
                    FY2025
                
$2.0B
                    FCF margin -32.2%
                    
                    P12
                    
                    +18.2%

18 yrs · FY2008–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s revenue.

Balance Sheet

Assets, liabilities, and equity

25 accounts · 5 years

Total assets $28.2B

Total liabilities $28.2B

Shareholders equity $13.6B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	4.3%	7.4%	0.4%	1.2%	3.4%
Short Term Investments	0.9%	2.7%	2.4%	2.3%	3.2%
Accounts Receivable	8.0%	8.8%	7.7%	8.7%	10.1%
Prepaid Expenses	6.4%	1.8%	1.4%	1.4%	1.4%
Other Current Assets	6.4%	—	—	—	—
Total Current Assets	22.4%	27.2%	20.7%	72.5%	83.3%
Property,Plant and Equipment	537.8%	533.1%	458.6%	410.3%	442.1%
Goodwill	15.5%	17.6%	17.1%	17.4%	21.5%
Intangible Assets	1.6%	2.0%	2.2%	0.0%	—
Other Noncurrent Assets	23.3%	25.1%	28.1%	27.9%	28.6%
Total Assets	600.7%	604.9%	526.7%	528.2%	575.5%
Liabilities
Accounts Payable	10.8%	—	—	—	—
Accrued Liabilities	0.0%	—	—	—	—
Other Current Liabilities	17.8%	—	—	—	—
Total Current Liabilities	29.0%	29.0%	31.6%	85.7%	103.0%
Long Term Debt	189.4%	186.9%	153.3%	137.1%	144.7%
Deferred Tax Liabilities	62.1%	78.6%	71.3%	65.4%	85.8%
Other Noncurrent Liabilities	16.7%	16.6%	14.0%	12.8%	15.8%
Total Liabilities	600.7%	604.9%	526.7%	528.2%	575.5%
Equity
Common Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Additional Paid In Capital	174.8%	179.5%	156.3%	138.9%	147.4%
Retained Earnings	103.4%	101.2%	85.8%	76.4%	82.5%
Accumulated Other Comprehensive Income	10.1%	11.2%	12.1%	8.8%	2.0%
Total Stockholders Equity	288.3%	291.9%	254.2%	224.2%	232.0%
Total Liabilitiesand Equity	600.7%	896.8%	780.9%	752.4%	807.5%

Income Statement

Revenue, expense, and profitability

16 accounts · 5 years

Revenue $4.7B

Operating income $1.6B

Net income $1.2B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%	100.0%	100.0%
Expenses Selling,General and Administrative	19.2%	—	—	—	—
Expenses Depreciation and Amortization	15.6%	16.1%	14.1%	12.7%	14.0%
Expenses Share Based Compensation	0.3%	—	—	—	—
Other Income Expense Operating Income	33.2%	32.5%	25.0%	21.9%	26.6%
Other Income Expense Interest Income	0.6%	0.5%	0.2%	0.1%	0.1%
Other Income Expense Interest Expense	3.7%	-0.2%	3.2%	2.4%	2.5%
Other Income Expense Other Income/expense	1.9%	1.7%	1.6%	0.8%	-0.1%
Other Income Expense Income Before Tax	31.4%	29.7%	23.4%	20.3%	24.0%
Income Tax Income Tax Expense	5.9%	4.6%	2.7%	1.8%	4.5%
net Income net Income	25.5%	25.0%	20.7%	18.4%	19.5%
net Income Comprehensive Income	25.7%	23.8%	24.2%	25.6%	23.3%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	3.4%	3.7%	3.4%	3.3%	3.8%
Earnings Per Share Weighted Average Shares Diluted	3.4%	3.7%	3.4%	3.3%	3.8%

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 5 years

Operating cash flow $2.0B

Investing cash flow $-3.6B

Financing cash flow $1.4B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	25.5%	25.0%	20.7%	18.4%	19.5%
Operating Activities Depreciation and Amortization	15.6%	16.1%	14.1%	12.7%	14.0%
Operating Activities Stock Based Compensation	0.3%	0.3%	0.2%	0.3%	0.3%
Operating Activities Deferred Income Taxes	5.7%	4.1%	2.5%	1.3%	4.6%
Operating Activities Changes In Operating Assets and Liabilities	0.1%	4.5%	-0.2%	4.0%	-1.3%
Operating Activities net Cash From Operating Activities	43.6%	41.6%	80.9%	23.3%	-31.8%
Investing Activities Capital Expenditures	75.7%	70.5%	65.6%	58.2%	57.8%
Investing Activities Purchases of Investments	0.7%	0.5%	1.1%	0.7%	1.5%
Investing Activities Proceeds From Sale of Investments	0.5%	0.1%	0.6%	0.1%	0.4%
Investing Activities Other Investing Activities	-0.1%	-0.4%	-0.4%	-0.2%	-0.4%
Investing Activities net Cash From Investing Activities	-75.7%	-70.2%	-65.4%	-57.8%	-57.6%
Financing Activities Proceeds From Debt	24.3%	—	—	—	—
Financing Activities Repayment of Debt	0.0%	—	—	—	—
Financing Activities Dividends Paid	11.8%	11.8%	10.1%	8.9%	9.5%
Financing Activities Proceeds From Stock Issuance	0.3%	—	—	—	—
Financing Activities Other Financing Activities	-0.0%	-0.0%	0.0%	-0.0%	0.0%
Financing Activities net Cash From Financing Activities	29.9%	35.5%	-16.3%	33.0%	92.3%
Cash Reconciliation Effect of Exchange Rate On Cash	4.3%	—	—	—	—
Cash Reconciliation net Change In Cash	-2.2%	7.0%	-0.8%	-1.6%	2.8%
Cash Reconciliation Cash At Beginning of Period	4.3%	7.4%	0.4%	1.2%	3.4%
Cash Reconciliation Cash At End of Period	4.3%	7.4%	0.4%	1.2%	3.4%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	—	—	—	—	—
Operating margin	+33.2%	+32.5%	+25.0%	+21.9%	+26.6%
Net margin	+25.5%	+25.0%	+20.7%	+18.4%	+19.5%
FCF margin	-32.2%	-28.9%	+15.3%	-34.9%	-89.6%
Growth
Revenue CAGR (3y)	+3.8%	+6.9%	+14.9%	+13.1%	+3.0%
Returns
ROE	+8.8%	+8.6%	+8.1%	+8.2%	+8.4%
ROA	+4.2%	+4.1%	+3.9%	+3.5%	+3.4%
ROIC	+5.7%	+5.8%	+5.4%	+4.8%	+4.9%
Liquidity
Current ratio	0.77x	0.94x	0.65x	0.85x	0.81x
Quick ratio	0.42x	0.56x	0.25x	0.12x	0.13x
Leverage
D/E	2.08x	2.07x	2.07x	2.36x	2.48x
Interest coverage	9.09x	-196.94x	7.77x	8.96x	10.83x
Efficiency
Asset turnover	0.17x	0.17x	0.19x	0.19x	0.17x
Cash conversion cycle	—	—	—	—	—

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Atmos Energy

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