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FCF Margin for Atmos Energy (ATO)

As of · Reported

Metric

TTM

-40.8%

YoY change

−3.26pp

Trough year (2021)

-89.6%

Peak year (2023)

15.3%

FCF Margin history chart for Atmos Energy (ATO) from 1994 to 2025

Latest: -32.2%

FCF Margin change chart for Atmos Energy (ATO) from 1994 to 2025

Latest: −3.26pp

FCF Margin history table for Atmos Energy (ATO) from 1994 to 2025

  • 2025-32.2%-3.26pp
  • 2024-28.9%-44.18pp
  • 202315.3%+50.20pp
  • 2022-34.9%+54.71pp
  • 2021-89.6%-57.80pp
  • 2020-31.8%-6.85pp
  • 2019-25.0%-13.97pp
  • 2018-11.0%-1.22pp
  • 2017-9.8%+2.11pp
  • 2016-11.9%-7.16pp
  • 2015-4.7%-2.81pp
  • 2014-1.9%+4.06pp
  • 2013-6.0%-1.74pp
  • 2012-4.2%-3.31pp
  • 2011-0.9%-4.83pp
  • 20103.9%-4.35pp
  • 20098.2%+9.65pp
  • 2008-1.4%-4.03pp
  • 20072.6%+4.47pp
  • 2006-1.9%-2.93pp
  • 20051.1%-1.65pp
  • 20042.7%+6.66pp
  • 2003-3.9%-13.76pp
  • 20029.8%+12.02pp
  • 2001-2.2%+0.32pp
  • 2000-2.5%+1.21pp
  • 1999-3.7%+1.38pp
  • 1998-5.1%+0.81pp
  • 1997-5.9%-4.43pp
  • 1996-1.5%-0.89pp
  • 1995-0.6%+1.25pp
  • 1994-1.8%—

FCF Margin values are taken from Atmos Energy's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About FCF Margin at Atmos Energy (ATO)

According to Atmos Energy's latest reported financial statements, the company's latest reported free cash flow margin is -40.8%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

The 2025 reading of Atmos Energy (ATO) free cash flow margin is -32.15% – contracted 3.3 percentage points year-over-year.

2023 marks the peak free cash flow margin at 15.29%, with the historical low of -89.62% recorded in 2021.

Atmos Energy FCF Margin by Year

Atmos Energy FCF Margin 2025: -32.2%

In 2025, Atmos Energy reported free cash flow margin of -32.15%, contracted 3.3 percentage points from 2024.

Atmos Energy FCF Margin 2024: -28.9%

Atmos Energy free cash flow margin in 2024 was -28.89%, contracted 44.2 percentage points from 2023.

Atmos Energy FCF Margin 2023: 15.3%

2023's free cash flow margin for Atmos Energy came in at 15.29%, expanded 50.2 percentage points from 2022. This figure represents the highest annual value in the available history.

Atmos Energy FCF Margin 2022: -34.9%

Atmos Energy posted free cash flow margin of -34.91% in 2022, expanded 54.7 percentage points from 2021.

Atmos Energy FCF Margin 2021: -89.6%

Atmos Energy free cash flow margin in 2021 was -89.62%.

See more financial history for Atmos Energy (ATO).

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