# ATMOS ENERGY CORP (ATO) · Edgar & Edgarette company card

> Atmos Energy (ATO) grew revenue 12.9% in FY2025 to $4.7 billion, operating margin 33.2% against a 33.8% median for natural gas distribution, equity 48.0% of assets, and dividend per share up 16 years running. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 731802 · fiscal year ended 2025-09-30 · 5 audited years read · [page](https://www.pops4.com/boards/company/ATO) · [JSON](https://www.pops4.com/boards/company/ATO.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $4.7B |
| Revenue growth, 1 year | 12.9% |
| Revenue growth per year | 8.4% |
| Operating margin | 33.2% (prior year 32.5%) |
| Net margin | 25.5% |
| Operating cash flow | $2.0B |
| Capital spending | $3.6B |
| Free cash flow | −$1.5B |
| Cash | $203M |
| Long-term debt | $9.0B |
| Total assets | $28.2B |
| Total equity | $13.6B |
| Equity ÷ assets | 48.0% |
| Return on equity | 8.8% |
| Dividend per share | $3.48 |
| Dividend years rising | 16 |

## Readings, computed from those figures

- Piotroski F: 5 of 9 (middling)
- Health Harbor boat: Sound ship · one warning sign · slow and jumpy: growing slower than its size class, with revenue that swings more
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

Exposure: revenue $4.7B (FY2025), total debt $9.0B. Experience: revenue up 12.9% on the year, up 8.4% a year over 4 years; operating margin 33.2%, up from 32.5%. Soundness: equity 48.0% of assets, return on equity 8.8%, payout 46.2% of profit, dividend per share up 16 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $4.3B and $5.7B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $3.9B to $6.4B. A statistical range, not company guidance. Against peers (12 filers, $50M+ revenue, natural gas distribution): operating margin 33.2% against a 33.8% median; growth 12.9% against 17.1%.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 2, latest 2026-11-04 ([filing](https://www.sec.gov/Archives/edgar/data/731802/000073180226000131/0000731802-26-000131-index.htm))

## Recent filings

- 8-K · filed 2026-11-04 · 5.02 Departure or Election of Directors; Appointment of Officers; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/731802/000073180226000131/0000731802-26-000131-index.htm)
- 8-K · filed 2026-11-04 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/731802/000073180226000129/0000731802-26-000129-index.htm)
- 8-K · filed 2026-10-09 · 1.01 Entry into a Material Definitive Agreement; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/731802/000119312526419084/0001193125-26-419084-index.htm)
- 8-K · filed 2026-10-09 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/731802/000119312526418579/0001193125-26-418579-index.htm)
- 8-K · filed 2026-08-10 · 5.02 Departure or Election of Directors; Appointment of Officers; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/731802/000119312526341096/0001193125-26-341096-index.htm)
- 10-Q · filed 2026-08-05 · [filing](https://www.sec.gov/Archives/edgar/data/731802/000073180226000102/0000731802-26-000102-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000731802.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=731802

## Cite

POPS4, Edgar & Edgarette: ATMOS ENERGY CORP (ATO) company card, from the company's own SEC filings, accessed 2026-11-10, https://www.pops4.com/boards/company/ATO. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.