What is the EBITDA margin for Atmos Energy Corporation (ATO)?

The EBITDA margin for ATO stock is 48.94%.

What is the TTM average EBITDA margin for Atmos Energy Corporation (ATO)?

The TTM average EBITDA margin for ATO stock is 50.11%.

What is the 3Y average EBITDA margin for Atmos Energy Corporation (ATO)?

The 3Y average EBITDA margin for ATO stock is 50.70%.

What is the 5Y average EBITDA margin for Atmos Energy Corporation (ATO)?

The 5Y average EBITDA margin for ATO stock is 44.53%.

What is the 10Y average EBITDA margin for Atmos Energy Corporation (ATO)?

The 10Y average EBITDA margin for ATO stock is 42.11%.

What is the 15Y average EBITDA margin for Atmos Energy Corporation (ATO)?

The 15Y average EBITDA margin for ATO stock is 34.79%.

What is the 20Y average EBITDA margin for Atmos Energy Corporation (ATO)?

The 20Y average EBITDA margin for ATO stock is 28.97%.

Atmos Energy (ATO) EBITDA Margin: History & Chart

Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.

Is the EBITDA margin high or low?

The EBITDA margin of 48.94% is in line with its 5-year average of 44.53%, near the high end of its 5-year range (31.43%–55.18%).

As of the fiscal period ended Tuesday, March 31, 2026. 2.32% below its 12-month average of 50.11%.

EBITDA|Gross Margin|Operating Margin|Profit Margin|All Metrics

ATO EBITDA Margin Metrics

EBITDA MARGIN

48.94%

EBITDA MARGIN AVG TTM

50.11%

EBITDA MARGIN AVG 3Y

50.70%

EBITDA MARGIN AVG 5Y

44.53%

EBITDA MARGIN AVG 10Y

42.11%

EBITDA MARGIN AVG 15Y

34.79%

EBITDA MARGIN AVG 20Y

28.97%

CURRENT VS TTM AVG

-2.32%

CURRENT VS 3Y AVG

-3.45%

CURRENT VS 5Y AVG

+9.91%

CURRENT VS 10Y AVG

+16.24%

CURRENT VS 15Y AVG

+40.67%

CURRENT VS 20Y AVG

+68.93%

ATO Competitors' EBITDA Margin

ATO

Atmos Energy Corporation

Current

Market Cap

$28.84B

EBITDA Margin

48.94%

TTM Avg

50.11%

3Y Avg

50.70%

5Y Avg

44.53%

NRG

NRG Energy, Inc.

vs ATO

Market Cap

$28.33B

EBITDA Margin

12.39%

TTM Avg

13.00%

3Y Avg

10.13%

5Y Avg

12.38%

EIX

Edison International

vs ATO

Market Cap

$28.23B

EBITDA Margin

51.08%

TTM Avg

42.22%

3Y Avg

35.27%

5Y Avg

31.69%

DTE

DTE Energy Company

vs ATO

Market Cap

$29.52B

EBITDA Margin

27.08%

TTM Avg

28.88%

3Y Avg

26.18%

5Y Avg

25.11%

FE

FirstEnergy Corp.

vs ATO

Market Cap

$27.95B

EBITDA Margin

29.08%

TTM Avg

29.25%

3Y Avg

28.46%

5Y Avg

29.28%

CNP

CenterPoint Energy, Inc.

vs ATO

Market Cap

$27.69B

EBITDA Margin

38.90%

TTM Avg

39.28%

3Y Avg

36.38%

5Y Avg

34.61%

AEE

Ameren Corporation

vs ATO

Market Cap

$30.33B

EBITDA Margin

41.98%

TTM Avg

41.46%

3Y Avg

40.20%

5Y Avg

40.66%

ES

Eversource Energy

vs ATO

Market Cap

$26.92B

EBITDA Margin

39.81%

TTM Avg

38.73%

3Y Avg

33.93%

5Y Avg

34.13%

AWK

American Water Works Company, Inc.

vs ATO

Market Cap

$26.66B

EBITDA Margin

53.95%

TTM Avg

53.73%

3Y Avg

52.57%

5Y Avg

50.99%

PPL

PPL Corporation

vs ATO

Market Cap

$26.49B

EBITDA Margin

39.21%

TTM Avg

37.91%

3Y Avg

36.12%

5Y Avg

39.53%

NAME	MARKET CAP	EBITDA MARGIN	TTM	3Y	5Y
Atmos Energy Corporation (ATO)	$28.84B	48.94%	50.11%	50.70%	44.53%
NRG Energy, Inc. (NRG)vs ›	$28.33B	12.39%	13.00%	10.13%	12.38%
Edison International (EIX)vs ›	$28.23B	51.08%	42.22%	35.27%	31.69%
DTE Energy Company (DTE)vs ›	$29.52B	27.08%	28.88%	26.18%	25.11%
FirstEnergy Corp. (FE)vs ›	$27.95B	29.08%	29.25%	28.46%	29.28%
CenterPoint Energy, Inc. (CNP)vs ›	$27.69B	38.90%	39.28%	36.38%	34.61%
Ameren Corporation (AEE)vs ›	$30.33B	41.98%	41.46%	40.20%	40.66%
Eversource Energy (ES)vs ›	$26.92B	39.81%	38.73%	33.93%	34.13%
American Water Works Company, Inc. (AWK)vs ›	$26.66B	53.95%	53.73%	52.57%	50.99%
PPL Corporation (PPL)vs ›	$26.49B	39.21%	37.91%	36.12%	39.53%

Margin Comparison

Gross Margin

51.4%

EBITDA Margin

48.9%

Operating Margin

35.9%

Net Margin

27.6%

Formula: EBITDA Margin = (EBITDA / Revenue) × 100

Why EBITDA Margin matters:

Removes effects of depreciation policies (D&A)
Capital structure neutral (ignores interest)
Tax neutral (ignores tax differences)
Good proxy for operating cash generation

EBITDA Margin Formula & Definition

EBITDA Margin = EBITDA / Revenue

EBITDA margin measures operating profitability before interest, taxes, depreciation, and amortization as a percentage of revenue.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

EBITDA Margin FAQ

What is the EBITDA margin for Atmos Energy Corporation (ATO)?: The EBITDA margin for ATO stock is 48.94%.
Is Atmos Energy Corporation's EBITDA margin high or low?: The EBITDA margin of 48.94% is in line with its 5-year average of 44.53%, near the high end of its 5-year range (31.43%–55.18%).
What is the TTM average EBITDA margin for Atmos Energy Corporation (ATO)?: The TTM average EBITDA margin for ATO stock is 50.11%.
What is the 3Y average EBITDA margin for Atmos Energy Corporation (ATO)?: The 3Y average EBITDA margin for ATO stock is 50.70%.
What is the 5Y average EBITDA margin for Atmos Energy Corporation (ATO)?: The 5Y average EBITDA margin for ATO stock is 44.53%.
What is the 10Y average EBITDA margin for Atmos Energy Corporation (ATO)?: The 10Y average EBITDA margin for ATO stock is 42.11%.
What is the 15Y average EBITDA margin for Atmos Energy Corporation (ATO)?: The 15Y average EBITDA margin for ATO stock is 34.79%.
What is the 20Y average EBITDA margin for Atmos Energy Corporation (ATO)?: The 20Y average EBITDA margin for ATO stock is 28.97%.

ATO EBITDA Margin History

DATE	EBITDA MARGIN
2026-03-31	48.94%
2025-12-31	52.84%
2025-09-30	54.94%
2025-06-30	52.20%
2025-03-31	41.61%
2024-12-31	54.42%
2024-09-30	54.48%
2024-06-30	55.18%
2024-03-31	43.47%
2023-12-31	48.66%
2023-09-30	53.32%
2023-06-30	48.28%
2023-03-31	37.05%
2022-12-31	31.48%
2022-09-30	33.99%
2022-06-30	35.38%
2022-03-31	31.43%
2021-12-31	39.86%
2021-09-30	37.94%
2021-06-30	41.74%
2021-03-31	37.94%
2020-12-31	45.29%
2020-09-30	44.76%
2020-06-30	49.93%
2020-03-31	44.73%
2019-12-31	40.87%
2019-09-30	42.97%
2019-06-30	45.27%
2019-03-31	36.03%
2018-12-31	37.88%
2018-09-30	40.98%
2018-06-30	38.24%
2018-03-31	29.55%
2017-12-31	37.16%
2017-09-30	37.99%
2017-06-30	41.92%
2017-03-31	36.72%
2016-12-31	36.79%
2016-09-30	23.59%
2016-06-30	44.25%
2016-03-31	36.36%
2015-12-31	39.12%
2015-09-30	22.37%
2015-06-30	27.15%
2015-03-31	20.68%
2014-12-31	20.31%
2014-09-30	19.58%
2014-06-30	18.11%
2014-03-31	15.86%
2013-12-31	18.60%
2013-09-30	16.17%
2013-06-30	16.87%
2013-03-31	20.51%
2012-12-31	20.84%
2012-09-30	13.99%
2012-06-30	24.81%
2012-03-31	21.57%
2011-12-31	18.48%
2011-09-30	13.03%
2011-06-30	10.97%
2011-03-31	16.97%
2010-12-31	18.66%
2010-09-30	12.34%
2010-06-30	11.24%
2010-03-31	14.31%
2009-12-31	18.91%
2009-09-30	10.83%
2009-06-30	12.54%
2009-03-31	15.37%
2008-12-31	12.60%
2008-09-30	6.27%
2008-06-30	4.34%
2008-03-31	10.47%
2007-12-31	12.49%
2007-09-30	6.05%
2007-06-30	4.66%
2007-03-31	12.53%
2006-12-31	13.74%
2006-09-30	9.85%
2006-06-30	5.99%
2006-03-31	11.22%
2005-12-31	8.46%
2005-09-30	5.27%
2005-06-30	9.13%
2005-03-31	12.92%
2004-12-31	12.63%
2004-09-30	6.14%
2004-06-30	8.31%
2004-03-31	11.50%
2003-12-31	11.48%
2003-09-30	2.45%
2003-06-30	7.97%
2003-03-31	10.78%
2002-12-31	18.38%
2002-09-30	19.89%
2002-06-30	25.63%

EBITDA Margin: 48.94%

ATO EBITDA Margin

ATO Average EBITDA Margin Chart

ATO Current vs Average EBITDA Margin Chart

ATO EBITDA Margin Metrics

ATO Competitors' EBITDA Margin

Margin Comparison

EBITDA Margin Formula & Definition

EBITDA Margin FAQ

ATO EBITDA Margin History

Related Metrics