Atmos Energy Corporation (ATO) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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ATO Revenue Growth
Revenue Breakdown (FY 2025)
ATO's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
ATO Revenue Analysis (2014–2025)
As of May 8, 2026, Atmos Energy Corporation (ATO) generated trailing twelve-month (TTM) revenue of $4.88 billion, reflecting modest growth of +0.6% year-over-year. The most recent quarter (Q2 2026) recorded $1.96 billion in revenue, up 46.2% sequentially.
Looking at the longer-term picture, ATO's 5-year compound annual growth rate (CAGR) stands at +10.8%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $4.94 billion in 2014.
Revenue diversification analysis shows ATO's business is primarily driven by Distribution Segment (80%), and Pipeline and Storage Segment (20%). With over half of revenue concentrated in Distribution Segment, the company maintains significant focus in this area while developing other growth vectors.
When compared to Utilities sector peers including SR (+1.9% YoY), NJR (+8.5% YoY), and SWX (-39.1% YoY), ATO has underperformed the peer group in terms of revenue growth. Compare ATO vs SR →
ATO Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ATOCurrent | $4.9B | +0.6% | +10.8% | 33.2% | |
 SR | $2.5B | +1.9% | +5.9% | 21.2% | |
 NJR | $2.0B | +8.5% | +0.8% | 21.4% | |
 SWX | $1.9B | -39.1% | -10.1% | 24.4% | |
 NWN | $1.3B | +5.9% | +10.8% | 31.4% | |
 CPK | $930M | -30.2% | +13.8% | 27.7% |
ATO Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $4.70B | +12.9% | $2.46B | 52.4% | $1.56B | 33.2% |
| 2024 | $4.17B | -2.6% | $2.41B | 57.9% | $1.36B | 32.5% |
| 2023 | $4.28B | +1.8% | $2.06B | 48.1% | $1.07B | 25.0% |
| 2022 | $4.20B | +23.3% | $1.81B | 43.1% | $921.0M | 21.9% |
| 2021 | $3.41B | +20.8% | $1.70B | 49.8% | $905.0M | 26.6% |
| 2020 | $2.82B | -2.8% | $1.53B | 54.3% | $824.1M | 29.2% |
| 2019 | $2.90B | -6.9% | $1.41B | 48.7% | $746.1M | 25.7% |
| 2018 | $3.12B | +12.9% | $1.35B | 43.4% | $727.9M | 23.4% |
| 2017 | $2.76B | +12.4% | $1.30B | 46.9% | $735.6M | 26.7% |
| 2016 | $2.45B | -16.1% | $1.17B | 47.7% | $657.2M | 26.8% |
Full ATO Stock Analysis
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Start ComparisonATO — Frequently Asked Questions
Quick answers to the most common questions about buying ATO stock.
Is ATO's revenue growth accelerating or slowing?
ATO revenue growth slowed to +0.6%, below the 5-year CAGR of +10.8%. TTM revenue is $4.9B. The deceleration marks a shift from historical growth rates.
What is ATO's long-term revenue growth rate?
Atmos Energy Corporation's 5-year revenue CAGR of +10.8% reflects the variable expansion pattern. Current YoY growth of +0.6% is near this long-term average.
How is ATO's revenue distributed by segment?
ATO reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.