ATO vs SR
Atmos Energy Corp. and Spire Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | ATO | SR |
|---|---|---|
| Revenue | $4.7B | $2.5B |
| Net income | $1.2B | $271.7M |
| Gross margin | · | 58.8% |
| Net margin | 25.5% | 11.0% |
| Return on equity | 9.3% | 8.2% |
| Diluted EPS | $7.46 | $4.37 |
| Dividend / share | $3.48 | $3.14 |
| Payout ratio | 46.2% | 67.1% |
| Free cash flow | $-1.5B | $-344.4M |
| Equity | $13.6B | $3.4B |
| Net debt / equity | 0.64× | 1.14× |
| Current ratio | 0.77× | 0.32× |
| Revenue CAGR 5y | 10.8% | 5.9% |
| Profit CAGR 5y | 14.8% | 25.1% |
ATO bills 1.9× the revenue of SR, and keeps more of each dollar of revenue as profit (25.5% against 11.0%).
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 | SR |
|---|---|---|
| FY2025 | $4.7B | $2.5B |
| FY2024 | $4.2B | $2.6B |
| FY2023 | $4.3B | $2.7B |
| FY2022 | $4.2B | $2.2B |
| FY2021 | $3.4B | $2.2B |
| FY2020 | $2.8B | $1.9B |
| FY2019 | $2.9B | $2.0B |
| FY2018 | $3.1B | $2.0B |
| FY2017 | $2.8B | $1.7B |
| FY2016 | $2.5B | $1.5B |
Bottom line
| Fiscal year | ATO | SR |
|---|---|---|
| FY2025 | $1.2B | $271.7M |
| FY2024 | $1.0B | $250.9M |
| FY2023 | $885.9M | $217.5M |
| FY2022 | $774.4M | $220.8M |
| FY2021 | $665.6M | $271.7M |
| FY2020 | $601.4M | $88.6M |
| FY2019 | $511.4M | $184.6M |
| FY2018 | $603.1M | $214.2M |
| FY2017 | $396.4M | $161.6M |
| FY2016 | $350.1M | $144.2M |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$2,226,355,000 | ATO |
| FY2024 | +$1,572,187,000 | ATO |
| FY2023 | +$1,609,057,000 | ATO |
| FY2022 | +$2,003,162,000 | ATO |
| FY2021 | +$1,171,990,000 | ATO |
| FY2020 | +$965,737,000 | ATO |
| FY2019 | +$949,448,000 | ATO |
| FY2018 | +$1,150,546,000 | ATO |
| FY2017 | +$1,019,035,000 | ATO |
| FY2016 | +$917,348,000 | ATO |
| FY2015 | +$950,585,000 | ATO |
| FY2014 | +$3,313,716,000 | ATO |
| FY2013 | +$2,858,460,000 | ATO |
| FY2012 | +$2,310,662,000 | ATO |
| FY2011 | +$2,710,075,000 | ATO |
| FY2010 | +$2,926,031,000 | ATO |
| FY2009 | +$2,973,913,000 | ATO |
ATO has reported the higher revenue in every one of these 17 fiscal years. The gap has narrowed since the earliest year compared.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +14.5 pp | ATO |
| FY2024 | +15.4 pp | ATO |
| FY2023 | +12.6 pp | ATO |
| FY2022 | +8.4 pp | ATO |
| FY2021 | +7.4 pp | ATO |
| FY2020 | +16.5 pp | ATO |
| FY2019 | +8.2 pp | ATO |
| FY2018 | +8.5 pp | ATO |
| FY2017 | +5.1 pp | ATO |
| FY2016 | +4.9 pp | ATO |
| FY2015 | +3.8 pp | ATO |
| FY2014 | +0.7 pp | ATO |
| FY2013 | +1.1 pp | ATO |
| FY2012 | +0.7 pp | ATO |
| FY2011 | +0.8 pp | ATO |
| FY2010 | +1.3 pp | ATO |
| FY2009 | +0.5 pp | ATO |
ATO has kept the higher net margin in every one of these 17 fiscal years.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
ATO's net margin has been more volatile than SR's over the 17 comparable fiscal years — 7.3 percentage points of standard deviation against 2.8.
17 of 18 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 17 comparable fiscal years — a structural lead, not a recent swing.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
SR's return on equity has been more volatile than ATO's over the 18 comparable fiscal years — 2.6 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 SR over these 18 fiscal years — ATO led in 12 and SR in 6.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.