Atmos Energy (ATO) Operating Margin (2009 - 2026)

Atmos Energy (ATO) has reported Operating Margin for 18 consecutive years, with 36.45% the latest figure, recorded in Q2 2026.

• On a quarterly basis, Operating Margin rose 640.0% year-over-year to 36.45% in Q2 2026; TTM through Jun 2026 was 36.97%, a 397.0% increase from a year earlier, with the FY2025 full-year figure at 33.17%, up 63.0% from the prior year.
• Operating Margin was 36.45% for Q2 2026 at Atmos Energy, down from 38.97% in the prior quarter.
• Over five years, Operating Margin peaked at 39.07% in Q4 2024 and troughed at 14.59% in Q3 2022.
• A 5-year average of 29.44% and a median of 29.91% in 2025 frame the typical range for Operating Margin.
• Across the five-year window, Operating Margin sank 560 bps in 2022 and jumped 1281 bps in 2023, its largest moves.
• Over 5 years, Operating Margin stood at 21.64% in 2022, then soared by 59 bps to 34.45% in 2023, then advanced by 13 bps to 39.07% in 2024, then slipped by 2 bps to 38.34% in 2025, then slipped by 5 bps to 36.45% in 2026.
• The last three Operating Margin figures came in at 36.45% (Q2 2026), 38.97% (Q1 2026), and 38.34% (Q4 2025), per Business Quant data.