Atmos Energy Corporation (ATO) — Capital Reinvestment Ratio
Atmos Energy Corporation (ATO) has a Capital Reinvestment Ratio of 1.39x as of March 2026, meaning it reinvests 1% of its operating cash flow ($723.49 Million) in capital expenditures ($1.00 Billion). Check how tangible is Atmos Energy Corporation's equity to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Atmos Energy Corporation Capital Reinvestment Ratio (1994–2025)
This chart tracks Atmos Energy Corporation's Capital Reinvestment Ratio across 31 annual periods. For the full cash flow conversion analysis, see ATO cash generation efficiency.
Annual Capital Reinvestment Ratio for Atmos Energy Corporation (1994–2025)
Year-by-year Capital Reinvestment Ratio for Atmos Energy Corporation from 1994 to 2025. See Atmos Energy Corporation free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 1.74x | $2.05 Billion | $3.56 Billion | ▲ +2.6% |
| 2024 | 1.69x | $1.73 Billion | $2.94 Billion | ▲ +108.9% |
| 2023 | 0.81x | $3.46 Billion | $2.81 Billion | ▼ -67.6% |
| 2022 | 2.50x | $977.58 Million | $2.44 Billion | ▲ +34.1% |
| 2020 | 1.86x | $1.04 Billion | $1.94 Billion | ▲ +6.7% |
| 2019 | 1.75x | $968.77 Million | $1.69 Billion | ▲ +34.0% |
| 2018 | 1.30x | $1.12 Billion | $1.47 Billion | ▼ -0.5% |
| 2017 | 1.31x | $867.09 Million | $1.14 Billion | ▼ -4.1% |
| 2016 | 1.37x | $794.99 Million | $1.09 Billion | ▲ +17.3% |
| 2015 | 1.17x | $836.52 Million | $975.13 Million | ▲ +3.3% |
| 2014 | 1.13x | $739.99 Million | $835.25 Million | ▼ -18.1% |
| 2013 | 1.38x | $613.13 Million | $845.03 Million | ▲ +10.4% |
| 2012 | 1.25x | $586.92 Million | $732.86 Million | ▲ +16.8% |
| 2011 | 1.07x | $582.84 Million | $622.97 Million | ▲ +43.1% |
| 2010 | 0.75x | $726.48 Million | $542.64 Million | ▲ +34.8% |
| 2009 | 0.55x | $919.23 Million | $509.49 Million | ▼ -56.5% |
| 2008 | 1.27x | $370.93 Million | $472.27 Million | ▲ +77.5% |
| 2007 | 0.72x | $547.10 Million | $392.44 Million | ▼ -47.5% |
| 2006 | 1.37x | $311.45 Million | $425.32 Million | ▲ +58.6% |
| 2005 | 0.86x | $386.94 Million | $333.18 Million | ▲ +22.1% |
| 2004 | 0.70x | $270.73 Million | $190.85 Million | ▼ -78.1% |
| 2003 | 3.22x | $49.45 Million | $159.44 Million | ▲ +612.9% |
| 2002 | 0.45x | $296.23 Million | $133.98 Million | ▼ -67.2% |
| 2001 | 1.38x | $83.00 Million | $114.57 Million | ▼ -1.0% |
| 2000 | 1.39x | $54.20 Million | $75.56 Million | ▲ +7.0% |
| 1999 | 1.30x | $84.70 Million | $110.40 Million | ▼ -11.5% |
| 1998 | 1.47x | $91.70 Million | $135.00 Million | ▼ -17.3% |
| 1997 | 1.78x | $68.70 Million | $122.30 Million | ▲ +48.0% |
| 1996 | 1.20x | $64.50 Million | $77.60 Million | ▲ +11.9% |
| 1995 | 1.08x | $58.50 Million | $62.90 Million | ▼ -12.1% |
| 1994 | 1.22x | $41.20 Million | $50.40 Million | — |