ATO vs NFG
Atmos Energy Corp. and National Fuel GAS Co., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | ATO | NFG |
|---|---|---|
| Revenue | $4.7B | $2.3B |
| Net income | $1.2B | $518.5M |
| Gross margin | · | 90.6% |
| Net margin | 25.5% | 22.8% |
| Return on equity | 9.3% | · |
| Diluted EPS | $7.46 | $5.68 |
| Dividend / share | $3.48 | $2.10 |
| Payout ratio | 46.2% | 36.3% |
| Free cash flow | $-1.5B | $187.2M |
| Equity | $13.6B | · |
| Net debt / equity | 0.64× | · |
| Current ratio | 0.77× | 0.44× |
| Revenue CAGR 5y | 10.8% | 8.1% |
| Profit CAGR 5y | 14.8% | · |
ATO bills 2.1× the revenue of NFG, and keeps more of each dollar of revenue as profit (25.5% against 22.8%).
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 | NFG |
|---|---|---|
| FY2025 | $4.7B | $2.3B |
| FY2024 | $4.2B | $1.9B |
| FY2023 | $4.3B | $2.3B |
| FY2022 | $4.2B | $3.1B |
| FY2021 | $3.4B | $1.7B |
| FY2020 | $2.8B | $1.5B |
| FY2019 | $2.9B | $1.7B |
| FY2018 | $3.1B | $1.6B |
| FY2017 | $2.8B | $1.6B |
| FY2016 | $2.5B | $1.5B |
Bottom line
| Fiscal year | ATO | NFG |
|---|---|---|
| FY2025 | $1.2B | $518.5M |
| FY2024 | $1.0B | $77.5M |
| FY2023 | $885.9M | $476.9M |
| FY2022 | $774.4M | $566.0M |
| FY2021 | $665.6M | $363.6M |
| FY2020 | $601.4M | $-123.8M |
| FY2019 | $511.4M | $304.3M |
| FY2018 | $603.1M | $391.5M |
| FY2017 | $396.4M | $283.5M |
| FY2016 | $350.1M | $-291.0M |
13 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$2,425,214,000 | ATO |
| FY2024 | +$2,220,377,000 | ATO |
| FY2023 | +$2,020,463,000 | ATO |
| FY2022 | +$1,140,379,000 | ATO |
| FY2021 | +$1,664,831,000 | ATO |
| FY2020 | +$1,274,846,000 | ATO |
| FY2019 | +$1,208,516,000 | ATO |
| FY2018 | +$1,522,878,000 | ATO |
| FY2017 | +$1,179,854,000 | ATO |
| FY2016 | +$1,002,232,000 | ATO |
| FY2012 | +$1,809,309,000 | ATO |
| FY2011 | +$2,507,593,000 | ATO |
| FY2010 | +$2,900,557,000 | ATO |
ATO has reported the higher revenue in every one of these 13 fiscal years. The gap has narrowed since the earliest year compared.
13 of 17 comparable fiscal years — a year missing data on either side is not counted.
13 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +2.7 pp | ATO |
| FY2024 | +21.1 pp | ATO |
| FY2023 | −0.4 pp | NFG |
| FY2022 | −0.1 pp | NFG |
| FY2021 | −1.3 pp | NFG |
| FY2020 | +29.3 pp | ATO |
| FY2019 | −0.3 pp | NFG |
| FY2018 | −5.2 pp | NFG |
| FY2017 | −3.6 pp | NFG |
| FY2016 | +34.3 pp | ATO |
| FY2012 | −7.2 pp | NFG |
| FY2011 | −9.7 pp | NFG |
| FY2010 | −8.4 pp | NFG |
The higher net margin has changed hands between ATO and NFG over this period.
13 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
NFG's net margin has been more volatile than ATO's over the 13 comparable fiscal years — 12.6 percentage points of standard deviation against 6.9.
13 of 17 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 NFG over these 13 fiscal years — ATO led in 4 and NFG in 9.
13 of 17 comparable fiscal years — a year missing data on either side is not counted.