ATO vs NWN
Atmos Energy Corp. and Northwest Natural Holding Co., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | ATO | NWN |
|---|---|---|
| Revenue | $4.7B | $1.3B |
| Net income | $1.2B | $113.3M |
| Gross margin | · | · |
| Net margin | 25.5% | 8.8% |
| Return on equity | 9.3% | 7.9% |
| Diluted EPS | $7.46 | $2.77 |
| Dividend / share | $3.48 | $1.96 |
| Payout ratio | 46.2% | 68.2% |
| Free cash flow | $-1.5B | $-197.8M |
| Equity | $13.6B | $1.5B |
| Net debt / equity | 0.64× | 1.62× |
| Current ratio | 0.77× | 0.72× |
| Revenue CAGR 5y | 10.8% | 10.8% |
| Profit CAGR 5y | 14.8% | 8.1% |
ATO bills 3.6× the revenue of NWN, and keeps more of each dollar of revenue as profit (25.5% against 8.8%).
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 | NWN |
|---|---|---|
| FY2025 | $4.7B | $1.3B |
| FY2024 | $4.2B | $1.2B |
| FY2023 | $4.3B | $1.2B |
| FY2022 | $4.2B | $1.0B |
| FY2021 | $3.4B | $860.4M |
| FY2020 | $2.8B | $773.7M |
| FY2019 | $2.9B | $746.4M |
| FY2018 | $3.1B | $706.1M |
| FY2017 | $2.8B | $755.0M |
| FY2016 | $2.5B | $668.2M |
Bottom line
| Fiscal year | ATO | NWN |
|---|---|---|
| FY2025 | $1.2B | $113.3M |
| FY2024 | $1.0B | $78.9M |
| FY2023 | $885.9M | $93.9M |
| FY2022 | $774.4M | $86.3M |
| FY2021 | $665.6M | $78.7M |
| FY2020 | $601.4M | $76.8M |
| FY2019 | $511.4M | $61.7M |
| FY2018 | $603.1M | $64.6M |
| FY2017 | $396.4M | $-55.6M |
| FY2016 | $350.1M | $58.9M |
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$3,413,392,000 | ATO |
| FY2024 | +$3,012,193,000 | ATO |
| FY2023 | +$3,077,882,000 | ATO |
| FY2022 | +$3,161,897,000 | ATO |
| FY2021 | +$2,547,090,000 | ATO |
| FY2020 | +$2,047,458,000 | ATO |
| FY2019 | +$2,155,476,000 | ATO |
| FY2018 | +$2,409,403,000 | ATO |
| FY2017 | +$2,004,697,000 | ATO |
| FY2016 | +$1,786,475,000 | ATO |
ATO has reported the higher revenue in every one of these 10 fiscal years. The gap has widened since the earliest year compared.
10 of 17 comparable fiscal years — a year missing data on either side is not counted.
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +16.7 pp | ATO |
| FY2024 | +18.2 pp | ATO |
| FY2023 | +12.9 pp | ATO |
| FY2022 | +10.1 pp | ATO |
| FY2021 | +10.4 pp | ATO |
| FY2020 | +11.4 pp | ATO |
| FY2019 | +9.0 pp | ATO |
| FY2018 | +9.8 pp | ATO |
| FY2017 | +21.7 pp | ATO |
| FY2016 | +5.4 pp | ATO |
ATO has kept the higher net margin in every one of these 10 fiscal years.
10 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
NWN's net margin has been more volatile than ATO's over the 10 comparable fiscal years — 4.9 percentage points of standard deviation against 3.6.
10 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
ATO led in net margin in every one of the 10 comparable fiscal years — a structural lead, not a recent swing.
10 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
NWN's return on equity has been more volatile than ATO's over the 10 comparable fiscal years — 4.5 percentage points of standard deviation against 1.5.
10 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
ATO led in return on equity in every one of the 10 comparable fiscal years — a structural lead, not a recent swing.
10 of 18 comparable fiscal years — a year missing data on either side is not counted.