Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 46.05% is 12% below its 5-year average of 52.50%, near the low end of its 5-year range (37.28%–70.25%).
As of the fiscal period ended Tuesday, March 31, 2026. 10.04% below its 12-month average of 51.18%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
46.05%
GROSS MARGIN AVG TTM
51.18%
GROSS MARGIN AVG 3Y
56.73%
GROSS MARGIN AVG 5Y
52.50%
GROSS MARGIN AVG 10Y
51.01%
GROSS MARGIN AVG 15Y
43.51%
GROSS MARGIN AVG 20Y
38.85%
CURRENT VS TTM AVG
-10.04%
CURRENT VS 3Y AVG
-18.83%
CURRENT VS 5Y AVG
-12.29%
CURRENT VS 10Y AVG
-9.73%
CURRENT VS 15Y AVG
+5.83%
CURRENT VS 20Y AVG
+18.53%
SECTOR MEDIAN · UTILITIES
31.81%
median of 41 covered companies
CURRENT VS SECTOR MEDIAN
+44.75%
vs the sector median at left
Atmos Energy Corporation
Market Cap
$29.92B
Gross Margin
46.05%
TTM Avg
51.18%
3Y Avg
56.73%
5Y Avg
52.50%
Market Cap
$29.15B
Gross Margin
28.71%
TTM Avg
37.36%
3Y Avg
38.38%
5Y Avg
38.57%
Market Cap
$30.69B
Gross Margin
57.83%
TTM Avg
49.42%
3Y Avg
43.87%
5Y Avg
41.83%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Atmos Energy Corporation (ATO) | $29.92B | 46.05% | 51.18% | 56.73% | 52.50% |
| NRG Energy, Inc. (NRG)vs › | $29.76B | 17.07% | 21.65% | 16.06% | 19.41% |
| CenterPoint Energy, Inc. (CNP)vs › | $29.15B | 28.71% | 37.36% | 38.38% | 38.57% |
| Edison International (EIX)vs › | $30.69B | 57.83% | 49.42% | 43.87% | 41.83% |
| FirstEnergy Corp. (FE)vs › | $28.87B | 53.77% | 61.14% | 62.33% | 64.99% |
| DTE Energy Company (DTE)vs › | $31.09B | 84.94% | 59.88% | 43.20% | 37.30% |
| Ameren Corporation (AEE)vs › | $31.49B | 29.58% | 38.75% | 41.44% | 43.64% |
| Eversource Energy (ES)vs › | $28.17B | 30.13% | 30.63% | 36.49% | 40.66% |
| PPL Corporation (PPL)vs › | $27.25B | 35.29% | 41.41% | 39.69% | 42.77% |
| American Water Works Company, Inc. (AWK)vs › | $26.30B | 43.55% | 51.83% | 55.28% | 55.50% |
Gross Margin
46.0%
(Revenue - COGS) / Revenue
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | GROSS MARGIN |
|---|---|
| 2026-03-31 | 46.05% |
| 2025-12-31 | 60.84% |
| 2025-09-30 | 56.00% |
| 2025-06-30 | 44.95% |
| 2025-03-31 | 48.09% |
| 2024-12-31 | 62.49% |
| 2024-09-30 | 67.37% |
| 2024-06-30 | 70.25% |
| 2024-03-31 | 49.96% |
| 2023-12-31 | 56.39% |
| 2023-09-30 | 67.11% |
| 2023-06-30 | 63.85% |
| 2023-03-31 | 44.13% |
| 2022-12-31 | 37.79% |
| 2022-09-30 | 45.15% |
| 2022-06-30 | 47.15% |
| 2022-03-31 | 37.28% |
| 2021-12-31 | 47.64% |
| 2021-09-30 | 50.16% |
| 2021-06-30 | 55.19% |
| 2021-03-31 | 44.64% |
| 2020-12-31 | 53.32% |
| 2020-09-30 | 58.29% |
| 2020-06-30 | 64.39% |
| 2020-03-31 | 52.37% |
| 2019-12-31 | 48.71% |
| 2019-09-30 | 56.86% |
| 2019-06-30 | 59.68% |
| 2019-03-31 | 43.26% |
| 2018-12-31 | 45.23% |
| 2018-09-30 | 53.46% |
| 2018-06-30 | 51.15% |
| 2018-03-31 | 35.53% |
| 2017-12-31 | 44.22% |
| 2017-09-30 | 49.77% |
| 2017-06-30 | 53.87% |
| 2017-03-31 | 43.36% |
| 2016-12-31 | 44.08% |
| 2016-09-30 | 31.13% |
| 2016-06-30 | 57.04% |
| 2016-03-31 | 43.24% |
| 2015-12-31 | 46.62% |
| 2015-09-30 | 29.98% |
| 2015-06-30 | 36.31% |
| 2015-03-31 | 25.15% |
| 2014-12-31 | 24.21% |
| 2014-09-30 | 25.49% |
| 2014-06-30 | 24.81% |
| 2014-03-31 | 18.91% |
| 2013-12-31 | 21.96% |
| 2013-09-30 | 22.08% |
| 2013-06-30 | 22.76% |
| 2013-03-31 | 24.57% |
| 2012-12-31 | 24.74% |
| 2012-09-30 | -44.45% |
| 2012-06-30 | 32.46% |
| 2012-03-31 | 25.82% |
| 2011-12-31 | 22.21% |
| 2011-09-30 | 30.67% |
| 2011-06-30 | 31.63% |
| 2011-03-31 | 28.69% |
| 2010-12-31 | 32.18% |
| 2010-09-30 | 31.35% |
| 2010-06-30 | 32.53% |
| 2010-03-31 | 23.42% |
| 2009-12-31 | 31.78% |
| 2009-09-30 | 35.63% |
| 2009-06-30 | 33.25% |
| 2009-03-31 | 25.26% |
| 2008-12-31 | 23.03% |
| 2008-09-30 | 19.05% |
| 2008-06-30 | 15.02% |
| 2008-03-31 | 17.49% |
| 2007-12-31 | 22.30% |
| 2007-09-30 | 21.81% |
| 2007-06-30 | 18.72% |
| 2007-03-31 | 20.65% |
| 2006-12-31 | 23.44% |
| 2006-09-30 | 26.86% |
| 2006-06-30 | 23.69% |
| 2006-03-31 | 19.93% |
| 2005-12-31 | 15.18% |
| 2005-09-30 | 20.08% |
| 2005-06-30 | 24.66% |
| 2005-03-31 | 22.31% |
| 2004-12-31 | 23.71% |
| 2004-09-30 | 18.16% |
| 2004-06-30 | 19.69% |
| 2004-03-31 | 18.45% |
| 2003-12-31 | 20.83% |
| 2003-09-30 | 7.90% |
| 2003-06-30 | 19.46% |
| 2003-03-31 | 17.00% |
| 2002-12-31 | 33.02% |
| 2002-09-30 | 43.06% |
| 2002-06-30 | 45.63% |
