MARKETS / NYSE / ATO
NYSE · NATURAL GAS DISTRIBUTION · LARGE CAP

Atmos Energy Corp. ATO

18 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY17 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$4.7B
▲ 12.9% vs FY2024
Dividend streak
17 yrs
Raised every year since 2009
EPS · FY25
$7.46
Dividend / sh · FY25
$3.48
Payout · FY25
46%
ROE · FY25
9.3%
Net margin · FY25
25.5%
Dividend coverage
2.1×
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Result
USD 4.7B
Revenue, FY2025 · full 18-year series below
Revenue Net income
2464.71.22008201120142017202020232025
2464.71.22016201920222025

25 cents of every revenue dollar became profit this year.

Per share
USD 7.46
Diluted EPS, FY2025
EPS Dividend
2.557.53.487.462008201120142017202020232025
2.557.53.487.462016201920222025

Earnings covered the dividend 2.1 times — the rest stayed in the company.

Profitability
9.3%
Return on equity, FY2025
ROE
4812169.3%2008201120142017202020232025
4812169.3%2016201920222025
Operating margin33.2%
Net margin25.5%
Return on assets4.5%

Each USD of equity produced 9 cents of profit this year.

Returned to shareholders
USD 553.8M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 553.8M
Net buybacks
Share of profit46.2%
Consecutive raises17 years

USD 553.8M in dividends — 46% of the year's profit went back to shareholders.

Growth
+10.8% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+3.8%
+10.8%
+4.9%
+0.1%
Net income
+15.7%
+14.8%
+14.3%
+12.5%
EPS, diluted
+10.0%
+8.8%
+9.2%
+8.5%
Dividend / share
+8.6%
+8.6%
+8.4%
+6.6%
Returned to shareholders
+13.8%
+14.4%
+13.2%
+10.5%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.16B
Shares outstanding, FY2025
0.110.162008201120142017202020232025
0.110.162016201920222025
Change, 5 years+28.3%
Change, 10 years

The share count grew 28% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 28.2B
total assets, end of FY2025
Total assetsUSD 28.2B
EquityUSD 13.6B
CashUSD 202.7M
Gross debtUSD 8.9B
Net debtUSD 8.7B
Current ratio0.77×

Net debt stands at 64% of equity.

History
18 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
Revenue $B
4.7
4.2
4.3
4.2
3.4
2.8
2.9
3.1
2.8
2.5
2.9
4.9
3.9
3.4
4.3
4.7
4.9
·
Operating income $B
1.6
1.4
1.1
0.9
0.9
0.8
0.7
0.7
0.7
0.7
0.6
0.6
0.5
0.4
0.4
0.5
0.4
0.4
EBITDA $B
2.3
2.0
1.7
1.5
1.4
1.3
1.1
1.1
1.1
1.0
0.9
·
·
·
·
·
·
·
Income tax $B
0.3
0.2
0.1
0.1
0.2
0.1
0.1
0.0
0.2
0.2
0.2
0.2
0.1
0.1
0.1
0.1
0.1
0.1
Net income $B
1.2
1.0
0.9
0.8
0.7
0.6
0.5
0.6
0.4
0.4
0.3
0.3
0.2
0.2
0.2
0.2
0.2
0.2
EPS, diluted $
7.46
6.83
6.10
5.60
5.12
4.89
4.35
5.43
3.73
3.38
3.09
2.96
2.64
2.37
2.27
2.20
2.07
1.99
Dividend / sh $
3.48
3.22
2.96
2.72
2.50
2.30
2.10
1.94
1.80
1.68
1.56
1.48
1.40
1.38
1.36
1.34
1.32
1.30
Payout %
46
47
49
49
49
47
48
36
48
50
51
50
53
58
60
60
64
65
ROE %
9.3
9.1
8.7
8.9
9.1
9.6
9.7
13.9
10.8
10.5
10.0
10.2
9.8
9.4
9.4
9.5
9.0
8.8
Shares out B
0.16
0.16
0.15
0.14
0.13
0.13
0.12
0.11
0.11
·
·
·
·
·
·
·
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
52 of 52
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed