At present, Atmos Energy reports a gross margin of 80.3%, an operating margin of 37%, an EBITDA margin of 54.3%, and a net margin of 28.5%. Operating margin drove the improvement across the available margins, increasing by 4 percentage points.
ATO margin history
Atmos Energy's margins averaged 77.45% gross, 33.15% operating, 50.68% EBITDA, and 25.6% net during the last 3 years. Currently all four current margins are above their three-year averages.
ATO margin expansion
All available margins expanded year over year, led by operating margin with an increase of 4 percentage points.
ATO Gross margin
Looking back over the last 3 years, Atmos Energy recorded an average gross margin of 77.45%. Atmos Energy's current gross margin is 80.3% and is 2.9 percentage points above its three-year average. The highest gross margin for Atmos Energy was 80.3% in Jun 2026, while the lowest was 73.3% in Dec 2023.
ATO Operating margin
Atmos Energy recorded an average operating margin of 33.15% across the last 3 years. The current operating margin of 37% is 3.9 percentage points above its three-year average. Over the last 3 years, Atmos Energy's operating margin peaked at 37% in Jun 2026 and reached a low of 29% in Dec 2023.
ATO EBITDA margin
Atmos Energy's EBITDA margin averaged 50.68% in the last 3 years. Currently, the current EBITDA margin for Atmos Energy is 54.3%, 3.6 percentage points above its three-year average. Over the last 3 years, Atmos Energy's EBITDA margin peaked at 54.3% in Jun 2026 and reached a low of 46.4% in Dec 2023.
ATO Net margin
Looking back over the last 3 years, Atmos Energy recorded an average net margin of 25.6%. Compared with its three-year average, Atmos Energy's current net margin is 28.5% and is 2.9 percentage points above its three-year average. The highest net margin for Atmos Energy was 28.5% in Jun 2026, while the lowest was 23.4% in Dec 2023.
ATO margin group comparison
With a gross margin of 80.3%, ATO is above the Utilities sector, the industry and its peers average. Compared to its Utilities sector average of 42.8%, Atmos Energy's gross margin is 88% higher.
ATO margin peer comparison
Frequently asked questions
What is Atmos Energy's gross margin?
The current gross margin for ATO is 80.3% as of Jun 30, 2026.
What is Atmos Energy's operating margin?
As of Jun 30, 2026, ATO has an operating margin of 37%.
What is Atmos Energy's EBITDA margin?
For the period ending Jun 30, 2026, ATO recorded an EBITDA margin of 54.3%.
What is Atmos Energy's net margin?
For the period ending Jun 30, 2026, ATO recorded a net margin of 28.5%.
What are the average margins of ATO?
Atmos Energy's average margins over the last 3 years were 77.5% gross, 33.2% operating, 50.7% EBITDA, and 25.6% net.
What are the highest historical margins of ATO?
Looking back across 5 years, ATO reached 80.3% gross in Jun 2026, 37% operating in Jun 2026, 54.3% EBITDA in Jun 2026, and 28.5% net in Jun 2026.
What are the lowest historical margins of ATO?
Over this 5-year history, Atmos Energy's margins fell as low as 56.1% gross in Dec 2022, 20.7% operating in Dec 2022, 33.5% EBITDA in Dec 2022, and 17.1% net in Dec 2022.