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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Atmos Energy (ATO) Operating Margin (2016 - 2026)

Atmos Energy has reported Operating Margin over the past 17 years, most recently at 38.34% for Q4 2025.

  • Quarterly Operating Margin fell 73.0% to 38.34% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 33.17% through Dec 2025, down 68.0% year-over-year, with the annual reading at 33.17% for FY2025, 63.0% up from the prior year.
  • Operating Margin was 38.34% for Q4 2025 at Atmos Energy, up from 29.76% in the prior quarter.
  • Over five years, Operating Margin peaked at 39.07% in Q4 2024 and troughed at 14.59% in Q3 2022.
  • The 5-year median for Operating Margin is 27.77% (2024), against an average of 27.44%.
  • Year-over-year, Operating Margin crashed -617bps in 2021 and then surged 1281bps in 2023.
  • A 5-year view of Operating Margin shows it stood at 27.24% in 2021, then decreased by -21bps to 21.64% in 2022, then skyrocketed by 59bps to 34.45% in 2023, then rose by 13bps to 39.07% in 2024, then dropped by -2bps to 38.34% in 2025.
  • Per Business Quant, the three most recent readings for ATO's Operating Margin are 38.34% (Q4 2025), 29.76% (Q3 2025), and 30.05% (Q2 2025).