Atmos Energy (ATO) Net Margin (2009 - 2026)
Atmos Energy (ATO) posted quarterly Net Margin of 29.65% for Q1 2026, up 476.0% year-over-year from 5.15% in Q1 2025, and down 1.2% quarter-over-quarter from 30.01% in Q4 2025.
Atmos Energy (ATO) Net Margin (2009 - 2026) Analysis & Trends
Atmos Energy (ATO) has reported Net Margin for 18 consecutive years, with 29.65% the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Margin rose 476.0% year-over-year to 29.65%; the TTM figure through Mar 2026 stood at 27.58% (up 223.0% YoY), while the FY2025 annual figure was 25.49%, up 45.0% from the prior year.
- Net Margin slipped to 29.65% in Q1 2026 per ATO's latest filing, from 30.01% in the prior quarter.
- Across five years, Net Margin topped out at 30.01% in Q4 2025 and bottomed at 9.91% in Q3 2022.
- Historically, Net Margin has averaged 22.67% across 5 years, with a median of 23.21% in 2023.
- Annual changes were most pronounced in 2022 — Net Margin tumbled 629 bps — and 2023, when it soared 1026 bps.
- Atmos Energy's Net Margin stood at 18.32% in 2022, then jumped by 47 bps to 26.87% in 2023, then advanced by 11 bps to 29.92% in 2024, then rose by 0 bps to 30.01% in 2025, then dropped by 1 bps to 29.65% in 2026.
- Business Quant data shows ATO's Net Margin at 29.65% in Q1 2026, 30.01% in Q4 2025, and 23.71% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 29.11 Bn | 28.59 Bn | - | 27.61% |
| 2 | Nisource | 20.23 Bn | 20.16 Bn | 867.50 Mn | 3.39% |
| 3 | Ugi | 8.24 Bn | 7.77 Bn | 573.00 Mn | -9.99% |
| 4 | Black Hills | 5.62 Bn | 5.54 Bn | - | 8.92% |
| 5 | New Jersey Resources | 5.60 Bn | 5.56 Bn | 243.61 Mn | 2.32% |
| 6 | ONE Gas | 5.18 Bn | 5.15 Bn | 272.01 Mn | 11.37% |
| 7 | Mdu Resources | 4.32 Bn | 4.27 Bn | - | 5.66% |
| 8 | Chesapeake Utilities | 3.32 Bn | 3.30 Bn | 150.20 Mn | 12.58% |
| 9 | Brookfield Infrastructure | 2.20 Bn | 1.44 Bn | 572.00 Mn | -2.55% |
| 10 | Centuri Holdings | 2.20 Bn | 2.16 Bn | 69.14 Mn | 0.64% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 27.61% |
| Mar 31, 2026 | 29.65% |
| Dec 31, 2025 | 30.01% |
| Sep 30, 2025 | 23.71% |
| Jun 30, 2025 | 22.23% |
| Mar 31, 2025 | 24.89% |
| Dec 31, 2024 | 29.92% |
| Sep 30, 2024 | 20.37% |
| Jun 30, 2024 | 23.60% |
| Mar 31, 2024 | 26.23% |
| Dec 31, 2023 | 26.87% |
| Sep 30, 2023 | 20.17% |
| Jun 30, 2023 | 20.79% |
| Mar 31, 2023 | 23.21% |
| Dec 31, 2022 | 18.32% |
| Sep 30, 2022 | 9.91% |
| Jun 30, 2022 | 15.75% |
| Mar 31, 2022 | 19.70% |
| Dec 31, 2021 | 24.61% |
| Sep 30, 2021 | 8.57% |