ATO vs MDU
Atmos Energy Corp. and MDU Resources Group Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | ATO | MDU |
|---|---|---|
| Revenue | $4.7B | $1.9B |
| Net income | $1.2B | $190.4M |
| Gross margin | · | · |
| Net margin | 25.5% | 10.2% |
| Return on equity | 9.3% | 7.0% |
| Diluted EPS | $7.46 | $0.93 |
| Dividend / share | $3.48 | $0.54 |
| Payout ratio | 46.2% | 56.9% |
| Free cash flow | $-1.5B | $-297.0M |
| Equity | $13.6B | $2.8B |
| Net debt / equity | 0.64× | 0.96× |
| Current ratio | 0.77× | 0.84× |
| Revenue CAGR 5y | 10.8% | −19.5% |
| Profit CAGR 5y | 14.8% | −13.4% |
ATO bills 2.5× the revenue of MDU, and keeps more of each dollar of revenue as profit (25.5% against 10.2%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | ATO | MDU |
|---|---|---|
| FY2025 | $4.7B | $1.9B |
| FY2024 | $4.2B | $1.8B |
| FY2023 | $4.3B | $1.8B |
| FY2022 | $4.2B | $1.8B |
| FY2021 | $3.4B | $3.5B |
| FY2020 | $2.8B | $5.5B |
| FY2019 | $2.9B | $5.3B |
| FY2018 | $3.1B | $4.5B |
| FY2017 | $2.8B | $4.4B |
| FY2016 | $2.5B | $4.1B |
Bottom line
| Fiscal year | ATO | MDU |
|---|---|---|
| FY2025 | $1.2B | $190.4M |
| FY2024 | $1.0B | $281.1M |
| FY2023 | $885.9M | $414.7M |
| FY2022 | $774.4M | $367.5M |
| FY2021 | $665.6M | $378.1M |
| FY2020 | $601.4M | $390.2M |
| FY2019 | $511.4M | $335.5M |
| FY2018 | $603.1M | $272.3M |
| FY2017 | $396.4M | $281.2M |
| FY2016 | $350.1M | $-67.3M |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$2,827,689,000 | ATO |
| FY2024 | +$2,407,209,000 | ATO |
| FY2023 | +$2,469,550,000 | ATO |
| FY2022 | +$2,447,504,000 | ATO |
| FY2021 | −$46,946,000 | MDU |
| FY2020 | −$2,711,613,000 | MDU |
| FY2019 | −$2,434,928,000 | MDU |
| FY2018 | −$1,416,006,000 | MDU |
| FY2017 | −$1,683,616,000 | MDU |
| FY2016 | −$1,674,180,000 | MDU |
| FY2015 | −$1,087,067,000 | MDU |
| FY2014 | +$825,843,000 | ATO |
| FY2013 | −$44,711,000 | MDU |
| FY2012 | −$639,269,000 | MDU |
| FY2011 | +$235,943,000 | ATO |
| FY2010 | +$751,365,000 | ATO |
| FY2009 | +$692,610,000 | ATO |
The higher-revenue side has changed between ATO and MDU over this period. The gap has widened since the earliest year compared.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +15.3 pp | ATO |
| FY2024 | +9.0 pp | ATO |
| FY2023 | −2.2 pp | MDU |
| FY2022 | −2.5 pp | MDU |
| FY2021 | +8.6 pp | ATO |
| FY2020 | +14.3 pp | ATO |
| FY2019 | +11.3 pp | ATO |
| FY2018 | +13.3 pp | ATO |
| FY2017 | +8.0 pp | ATO |
| FY2016 | +15.9 pp | ATO |
| FY2015 | +27.1 pp | ATO |
| FY2014 | −1.3 pp | MDU |
| FY2013 | −0.8 pp | MDU |
| FY2012 | +6.3 pp | ATO |
| FY2011 | −0.4 pp | MDU |
| FY2010 | −1.7 pp | MDU |
| FY2009 | +6.9 pp | ATO |
The higher net margin has changed hands between ATO and MDU over this period.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MDU's net margin has been more volatile than ATO's over the 17 comparable fiscal years — 8.8 percentage points of standard deviation against 7.3.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between ATO and MDU over these 17 fiscal years — ATO led in 11 and MDU in 6.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MDU's return on equity has been more volatile than ATO's over the 18 comparable fiscal years — 9.0 percentage points of standard deviation against 1.2.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between ATO and MDU over these 18 fiscal years — ATO led in 9 and MDU in 9.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.