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and Strategy 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…
33.17% operating margin is above average. ROIC at 5.95%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue grew 12.9%, still solid.
Negative free cash flow of -$1.51B. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$4.88B
▲ +12.9% YoY
Net Income (TTM)
$1.35B
▲ +14.9% YoY
Op. Margin
35.87%
▲ +0.6pp YoY
ROIC
6.05%
▼ -0.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$1.99B
▼ -25.6% YoY
Op. Cash Flow (TTM)
$1.88B
▲ +18.2% YoY
Net Debt
$9.53B
Cash & Equiv.
$126M
5Y CAGR: +10.8%
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