ATO
Atmos Energy
$169.59
▼ 0.3%Updated Today 7:15 PM ET
▲ Up 11.6% over the last 12 months
Market Cap
$28.39B
P/E
21.03x
Forward P/E (est.)
18.58x
ROE
9.6%
Revenue Growth
8.8%
EPS Growth
13.2%
Profit Margin
27.6%
FCF Yield
6.0%
Debt / Equity
0.66x
ROIC
7.0%
Interest Coverage
11.36x
Current Ratio
1x
Dividend Yield
2.4%
Implied Growth (rev. DCF)
—
Rating Score
66/100
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what ATO's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. ATO trades near $169.59, below its 50-day average ($179.45) and 200-day average ($175.22). Price below both averages is a downtrend — momentum is against buyers for now.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 41 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.
Volatility — ATR. Average True Range is the typical daily move. ATO's is $2.83 (~1.7% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month ATO found buyers near $166.33 (support) and sellers near $179.02 (resistance); its 52-week range is $149.98–$192.51. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 0.8× the 20-day average — about normal. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
Atmos Energy (ATO) is a large-cap company in the Gas Utilities industry, part of the Utilities sector of the S&P 500, with a market value around $28.39B.
In its latest reported year it generated about $4.70B in revenue and $1.20B in net profit.
Our model rates ATO Favorable (66/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
4Y CAGR
8.4%
Revenue moved from $3.41B in 2021 to $4.70B in 2025, a 8.4% compound annual growth rate. The most recent year grew a steady 8.8% year over year. Slower, mature growth is common for established businesses.
Gross Margin
48.1%
Operating Margin
33.2%
Net Margin
25.5%
ROE
9.6%
Atmos Energy keeps about 27.6% of each sales dollar as net profit, with a 48.1% gross margin and 33.2% operating margin. Return on equity is 9.6% and return on invested capital about 7.0%. Margins this wide usually signal pricing power or a cost advantage.
Total Debt
$3.53B
Net Debt
$3.40B
Net Debt / EBITDA
2.18x
Debt / Equity
0.66x
Leverage: debt-to-equity is 0.7x, and operating profit covers interest about 11.4x, with a current ratio of 1.0x. That is a moderate, manageable debt load for most businesses. It carries roughly $3.53B of total debt against $125.69M of cash.
Operating CF
$2.05B
Free Cash Flow
-$1.51B
FCF Margin
-32.2%
In the latest year Atmos Energy produced about $2.05B of operating cash flow but negative free cash flow as it invested heavily. That is a free-cash-flow yield of about 6.0% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.
P/E
21.03x
P/S
6x
P/B
2.03x
EV / EBITDA
13.82x
ATO trades at 21.0x trailing earnings (about 18.6x on estimated forward earnings), 6.0x sales, and 2.0x book value. That is a fairly typical valuation for a profitable company.
Where this stock sits versus what most companies trade at.
Typical ranges are general references (e.g., many stocks trade at ~18–26x earnings), not hard rules. Context only — not investment advice.
How ATO stacks up against its Utilities peers — valuation, profitability, and growth versus the sector median.
In the Utilities sector (31 S&P 500 companies), ATO ranks #4 of 31 by our overall rating. It trades at roughly in line versus the sector on earnings (21x P/E vs. 21.8x median) with a lower return on equity (9.6% vs. 10.4%) and slower revenue growth (8.8% vs. 9.0%).
P/E vs sector
21x
median 21.8x
ROE vs sector
9.6%
median 10.4%
Growth vs sector
8.8%
median 9.0%
Sector rank
#4
of 31 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Utilities companies by sub-industry and size. Sector median is across all 31 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$140.88 – $227.58
vs. $169.59 today · expected CAGR -4% – 6%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $5.13B | $5.59B | $6.09B | $6.64B | $7.24B |
| Net income | $1.28B | $1.40B | $1.52B | $1.66B | $1.81B |
| EPS | $7.68 | $8.37 | $9.12 | $9.94 | $10.84 |
| Share price (low) | $99.81 | $108.79 | $118.58 | $129.25 | $140.88 |
| Share price (high) | $161.22 | $175.73 | $191.55 | $208.79 | $227.58 |
| CAGR (low–high) | -41% / -5% | -20% / 2% | -11% / 4% | -7% / 5% | -4% / 6% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for ATO:
- High net margins (27.6%) point to pricing power or efficiency.
- Healthy free-cash-flow yield (~6.0%) funds buybacks and dividends.
- Pays a 2.4% dividend on top of any price gains.
- Our model's overall read is Favorable (66/100).
The case against ATO:
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the fundamentals screen favourably: Atmos Energy is a large-cap utilities business growing at a mature pace, with solid profitability, and a sound balance sheet. It trades at 21.0x earnings, which our model scores Favorable (66/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.