Last 47 quarters of trend data · Utilities · Regulated Gas
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 22.43 | 30.12 | 13.31 | 17.18 | 40.27 | 33.21 | 12.75 | 15.61 | 39.41 | 27.00 | 10.43 | 13.93 | 33.10 | 30.94 | 11.33 | 14.67 | 49.93 | 30.46 | 12.60 | 14.08 | 61.25 |
| — | -9.3% | +4.3% | +10.0% | +2.2% | +23.0% | +22.3% | +12.1% | +19.0% | -12.7% | -7.9% | -5.0% | -33.7% | +1.6% | -10.1% | +4.2% | -18.5% | -1.1% | +17.3% | +0.9% | +35.8% | |
| P/S Ratio | 5.94 | 8.30 | 3.95 | 5.15 | 9.29 | 7.40 | 3.18 | 4.67 | 8.07 | 6.38 | 2.73 | 3.75 | 6.70 | 6.41 | 2.62 | 2.68 | 4.98 | 4.81 | 2.49 | 3.46 | 5.19 |
| — | +12.1% | +24.2% | +10.1% | +15.2% | +16.1% | +16.4% | +24.7% | +20.4% | -0.5% | +4.0% | +39.8% | +34.6% | +33.2% | +5.6% | -22.5% | -4.1% | -7.7% | +2.7% | +4.3% | -16.9% | |
| P/B Ratio | 1.98 | 1.91 | 2.08 | 1.93 | 2.02 | 1.86 | 1.89 | 1.72 | 1.75 | 1.47 | 1.48 | 1.54 | 1.45 | 1.60 | 1.59 | 1.62 | 1.53 | 1.70 | 1.83 | 1.69 | 1.49 |
| — | +3.1% | +10.2% | +12.5% | +15.8% | +26.3% | +27.9% | +11.7% | +20.5% | -8.4% | -6.9% | -4.8% | -5.1% | -5.5% | -13.2% | -4.3% | +2.4% | +4.3% | +11.8% | +0.5% | -14.6% | |
| P/FCF | — | — | — | — | — | — | 74.45 | — | — | — | 44.64 | — | — | — | 1.94 | — | — | — | 56.31 | — | — |
| — | — | — | — | — | — | +66.8% | — | — | — | +2200.3% | — | — | — | -96.6% | — | — | — | — | — | — | |
| EV / EBITDA | 16.14 | 18.64 | 10.54 | 13.00 | 22.53 | 18.91 | 10.09 | 11.68 | 20.26 | 16.21 | 8.79 | 10.92 | 18.24 | 18.43 | 9.91 | 13.10 | 23.11 | 20.21 | 11.46 | 13.44 | 22.30 |
| — | -1.5% | +4.5% | +11.3% | +11.2% | +16.7% | +14.8% | +7.0% | +11.1% | -12.1% | -11.3% | -16.7% | -21.1% | -8.8% | -13.5% | -2.5% | +3.6% | +5.1% | +19.4% | +32.5% | +14.2% | |
| EV / EBIT | 23.74 | 28.92 | 13.04 | 17.38 | 37.20 | 31.01 | 12.54 | 15.44 | 36.03 | 26.12 | 11.09 | 14.76 | 33.80 | 31.80 | 12.86 | 17.88 | 50.69 | 34.78 | 15.23 | 19.06 | 64.97 |
| — | -6.7% | +4.0% | +12.5% | +3.3% | +18.7% | +13.1% | +4.6% | +6.6% | -17.9% | -13.8% | -17.4% | -33.3% | -8.6% | -15.5% | -6.2% | -22.0% | -0.3% | +21.9% | +38.4% | +54.7% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 52.4% | 99.1% | 46.0% | 60.8% | 56.0% | 45.0% | 48.1% | 62.5% | 67.4% | 70.2% | 50.0% | 56.4% | 67.1% | 63.8% | 44.1% | 37.8% | 45.2% | 47.1% | 37.3% | 47.6% | 50.2% |
| — | +120.4% | -4.2% | -2.6% | -16.9% | -36.0% | -3.8% | +10.8% | +0.4% | +10.0% | +13.2% | +49.2% | +48.6% | +35.4% | +18.4% | -20.7% | -10.0% | -14.6% | -16.5% | -10.6% | -14.0% | |
| Operating Margin | 33.2% | 36.4% | 39.0% | 38.3% | 29.8% | 30.1% | 32.2% | 39.1% | 28.1% | 31.4% | 33.4% | 34.5% | 26.2% | 25.5% | 27.4% | 21.6% | 14.6% | 18.9% | 23.3% | 27.2% | 16.0% |
| — | +21.3% | +20.9% | -1.9% | +5.8% | -4.3% | -3.6% | +13.4% | +7.2% | +22.9% | +22.0% | +59.2% | +79.8% | +34.9% | +17.5% | -20.5% | -8.9% | -14.0% | -19.4% | -16.6% | -24.6% | |
| Net Margin | 25.5% | 27.6% | 29.7% | 30.0% | 23.7% | 22.2% | 24.9% | 29.9% | 20.4% | 23.6% | 26.2% | 26.9% | 20.2% | 20.8% | 23.2% | 18.3% | 9.9% | 15.7% | 19.7% | 24.6% | 8.6% |
| — | +24.3% | +19.1% | +0.3% | +16.5% | -5.9% | -5.1% | +11.3% | +1.0% | +13.5% | +13.0% | +46.7% | +103.4% | +32.1% | +17.8% | -25.6% | +15.7% | -6.9% | -12.4% | +3.4% | -37.7% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.3% | 1.6% | 4.0% | 2.9% | 1.3% | 1.4% | 3.7% | 2.8% | 1.1% | 1.4% | 3.7% | 2.8% | 1.1% | 1.3% | 3.6% | 2.8% | 0.8% | 1.4% | 3.8% | 3.1% | 0.6% |
| — | +14.5% | +6.4% | +2.6% | +17.9% | +3.4% | +1.7% | +0.4% | -0.3% | +2.6% | +3.2% | -0.4% | +44.0% | -6.0% | -5.2% | -8.2% | +23.4% | +7.2% | -4.7% | -1.0% | -37.0% | |
| ROA | 4.4% | 0.8% | 1.9% | 1.4% | 0.6% | 0.7% | 1.8% | 1.4% | 0.5% | 0.7% | 1.8% | 1.3% | 0.5% | 0.6% | 1.6% | 1.2% | 0.3% | 0.6% | 1.6% | 1.2% | 0.3% |
| — | +15.0% | +6.5% | +0.8% | +15.5% | +2.5% | +2.1% | +1.0% | -0.0% | +4.0% | +11.1% | +12.9% | +63.8% | +6.8% | +3.0% | -3.9% | +30.6% | +13.2% | -6.0% | -9.2% | -42.1% | |
| ROIC | 5.5% | 1.0% | 2.4% | 1.7% | 0.7% | 0.9% | 2.3% | 1.7% | 0.7% | 0.9% | 2.2% | 1.6% | 0.7% | 0.7% | 1.8% | 1.3% | 0.5% | 0.7% | 1.8% | 1.3% | 0.5% |
| — | +10.1% | +6.0% | -1.3% | +5.3% | +3.7% | +3.5% | +3.3% | +7.3% | +13.7% | +20.6% | +23.0% | +44.0% | +7.5% | +1.2% | +0.9% | +0.1% | +0.5% | -18.4% | -31.0% | -32.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.69 | 0.67 | 0.65 | 0.67 | 0.69 | 0.67 | 0.65 | 0.67 | 0.67 | 0.65 | 0.65 | 0.67 | 0.66 | 0.63 | 0.64 | 0.89 | 0.89 | 0.86 | 0.89 | 0.96 | 0.96 |
| — | +0.0% | -0.2% | +1.3% | +2.6% | +4.0% | +0.2% | -0.5% | +2.0% | +3.1% | +0.7% | -24.8% | -26.3% | -27.0% | -27.5% | -7.3% | -7.1% | -8.9% | -5.3% | +34.9% | +36.2% | |
| Debt / EBITDA | 4.05 | 19.66 | 10.03 | 13.58 | 22.96 | 20.56 | 10.48 | 13.30 | 22.68 | 20.35 | 11.00 | 13.38 | 22.73 | 20.78 | 11.48 | 18.74 | 34.08 | 27.56 | 15.35 | 19.71 | 35.07 |
| — | -4.4% | -4.3% | +2.1% | +1.3% | +1.0% | -4.7% | -0.6% | -0.2% | -2.1% | -4.2% | -28.6% | -33.3% | -24.6% | -25.2% | -4.9% | -2.8% | -5.0% | +5.0% | +59.0% | +56.3% | |
| Current Ratio | 0.67 | 0.81 | 1.00 | 1.13 | 0.67 | 1.37 | 1.33 | 1.56 | 0.94 | 1.73 | 1.73 | 1.44 | 0.65 | 0.86 | 0.96 | 1.03 | 0.85 | 1.01 | 1.10 | 0.96 | 0.81 |
| — | -40.7% | -24.5% | -27.4% | -28.7% | -20.9% | -23.5% | +8.4% | +43.4% | +101.8% | +79.9% | +39.7% | -22.6% | -14.7% | -12.3% | +7.5% | +4.6% | -4.1% | -40.9% | -36.1% | +34.3% | |
| Quick Ratio | 0.53 | 0.73 | 0.89 | 1.02 | 0.53 | 1.25 | 1.25 | 1.43 | 0.78 | 1.57 | 1.57 | 1.25 | 0.45 | 0.66 | 0.80 | 0.94 | 0.74 | 0.94 | 1.07 | 0.89 | 0.75 |
| — | -41.6% | -28.2% | -28.4% | -32.6% | -20.6% | -20.8% | +14.4% | +75.2% | +140.2% | +97.0% | +33.2% | -39.4% | -30.1% | -25.3% | +5.0% | -1.9% | -1.9% | -40.6% | -34.9% | +67.3% | |
| Interest Coverage | 9.61 | 10.15 | 18.21 | 19.44 | 7.60 | 7.33 | 13.06 | 9.15 | 10.46 | 5.83 | 10.24 | 8.04 | 6.87 | 5.92 | 11.78 | 9.31 | 4.47 | 6.41 | 13.49 | 14.33 | 6.00 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying ATO stock.
Atmos Energy Corporation's current P/E is 22.4x. The average P/E over the last 4 quarters is 25.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Atmos Energy Corporation's current operating margin is 33.2%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Atmos Energy Corporation's business trajectory between earnings reports.