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Screener / SEC EDGAR /CIK 0000731802 /10-K filed Nov 14, 2025, compared with Nov 18, 2024 /Numbers from the XBRL of the 10-Ks
Utilities peers:
AWKNIPNWEVRGATOLNT
NYSE Utilities · Gas Utilities

Atmos Energy ATO

ATO quote by TradingView

Atmos Energy Corporation, a natural gas-only distributor, is an S&P 500 company headquartered in Dallas and incorporated in Texas and Virginia. 10-K, Item 1

Employees
5,487
Headquarters
Dallas, TX
CEO
John K. Akers
Next results
around Feb 2, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2023

Revenue of $4.3B through the costs to a net profit of $885.9M · income statement of the 10-K

25% operating margin
Revenue to Gross profit: $2.8BRevenue to Cost of revenue: $1.5BGross profit to Operating profit: $1.1BGross profit to Operating expenses: $1.8BOperating profit to Net profit: $885.9MOperating profit to Tax & other: $181.3M Revenue: $4.3B REVENUE $4.3B +2% Y/Y Gross profit: $2.8B · 66% margin GROSS PROFIT $2.8B 66% margin Cost of revenue: $1.5B · 34% of revenue COST OF REVENUE $1.5B 34% of revenue Operating profit: $1.1B · 25% margin OPERATING PROFIT $1.1B 25% margin · +16% Y/Y Operating expenses: $1.8B · 41% of revenue OPERATING EXPENSES $1.8B 41% of revenue Net profit: $885.9M · 21% margin NET PROFIT $885.9M 21% margin · +14% Y/Y Tax & other: $181.3M · 4% of revenue TAX & OTHER $181.3M 4% of revenue
Gross profit $2.8B 66% margin
Operating profit $1.1B 25% margin · +16% Y/Y
Net profit $885.9M 21% margin · +14% Y/Y
The full income statement, year by year

ATO among Utilities peers

Six ratios from the latest 10-K. Each corner is the share of 30 peers the company is above, not a score.

Compare
Revenue growth: 12.9%, above 73% of 30 peers (their median 9.7%) REVENUE GROWTH 12.9% · above 73% Operating margin: 37.0%, above 96% of 28 peers (their median 23.1%) OPERATING MARGIN 37.0% · above 96% Net margin: 28.5%, above 97% of 30 peers (their median 13.6%) NET MARGIN 28.5% · above 97% FCF margin: -41.1%, above 9% of 23 peers (their median -11.5%) FCF MARGIN -41.1% · above 9% Return on capital: 5.0%, above 32% of 28 peers (their median 5.3%) RETURN ON CAPITAL 5.0% · above 32%
ATO Peer median Below the median

What changed

1 new risk paragraph. 10-K filed Nov 14, 2025 against Nov 18, 2024.

Risk factors
1 new paragraph, nothing like it in the previous 10-K
10-K Item 1A
Accounting checks
10 other checks clear
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
2 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

10 checks on the latest 10-K. Checks, not verdicts.

How it works

0facts worth reading about all 10 checks found nothing to note

  • Receivables +2.6% vs revenue +12.9% (-10.3 pts)
  • Cash from operations $2.0B vs net income $1.2B (FY ending Sep 30, 2025)
  • Same auditor in both 10-Ks: Ernst & Young LLP
7 more checks with nothing to note
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • The same matters as last year: Regulation
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

1 paragraph in Risk Factors that was not in the 10-K filed Nov 18, 2024. Quoted as filed.

  1. Item 1A · new paragraph · not in the 10-K filed Nov 18, 2024 10-K, ITEM 1A
    interpretation by FERC or additional regulations issued by FERC in the future could also adversely affect our business, financial condition, or financial results.

New risk paragraphs, against peers

Latest 10-K of each, Utilities companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$4.2B$4.3B$4.2B$4.7B
Net income$774.4M$885.9M$1.0B$1.2B
Operating cash flow$977.6M$3.5B$1.7B$2.0B
Free cash flow−$1.5B$653.8M−$1.2B−$1.5B

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$4.7B ▲ 12.9% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

2 filings in the last 30 days · SEC EDGAR

All filings
  • OfficerNov 4, 2026
    CEO change On November 3, 2026, upon the recommendation of the Nominating and Corporate Governance Committee of the Board, the Board approved changes to its leadership structure to combine the roles of Chairman of the Board and Chief Executive Officer effective upon the retirement of Mr.
  • 8-KNov 4, 2026
    Quarterly results 8-K item 2.02

About the company

Atmos Energy, Dallas, TX · from the 10-K filed Nov 14, 2025

Atmos Energy Corporation, a natural gas-only distributor, is an S&P 500 company headquartered in Dallas and incorporated in Texas and Virginia. We safely deliver reliable, efficient, and abundant natural gas through regulated sales and transportation arrangements to approximately 3.4 million residential, commercial, public authority, and industrial customers in eight states located primarily in the South. We also operate one of the largest intrastate pipelines in Texas based on miles of pipe.

Headquarters
Dallas, TX
Country
United States
Listed on
NYSE
Fiscal year ends
September 30
Last results
Nov 4, 2026
Incorporated in
TX

Employees, at the top of the page: "At September 30, 2025, we had 5,487 employees" (10-K). Address and exchange: SEC's company file.

Email alerts

Sources

The 10-K filed Nov 14, 2025 (open at SEC), compared with the 10-K filed Nov 18, 2024. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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