Atmos Energy Corporation
Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. It operates through two segments, Distribution, and Pipeline and Storage. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states. This segment distributes natural … Read more
Atmos Energy Corporation (ATO) - Net Assets
Latest net assets as of December 2025: $14.28 Billion USD
Based on the latest financial reports, Atmos Energy Corporation (ATO) has net assets worth $14.28 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($29.80 Billion) and total liabilities ($15.52 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $14.28 Billion |
| % of Total Assets | 47.93% |
| Annual Growth Rate | 15.65% |
| 5-Year Change | 71.48% |
| 10-Year Change | 291.53% |
| Growth Volatility | 21.23 |
Atmos Energy Corporation - Net Assets Trend (1994–2025)
This chart illustrates how Atmos Energy Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Atmos Energy Corporation (1994–2025)
The table below shows the annual net assets of Atmos Energy Corporation from 1994 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $13.56 Billion | +11.53% |
| 2024-09-30 | $12.16 Billion | +11.85% |
| 2023-09-30 | $10.87 Billion | +15.40% |
| 2022-09-30 | $9.42 Billion | +19.13% |
| 2021-09-30 | $7.91 Billion | +16.43% |
| 2020-09-30 | $6.79 Billion | +18.10% |
| 2019-09-30 | $5.75 Billion | +20.55% |
| 2018-09-30 | $4.77 Billion | +22.35% |
| 2017-09-30 | $3.90 Billion | +12.58% |
| 2016-09-30 | $3.46 Billion | +8.40% |
| 2015-09-30 | $3.19 Billion | +3.52% |
| 2014-09-30 | $3.09 Billion | +19.60% |
| 2013-09-30 | $2.58 Billion | +9.37% |
| 2012-09-30 | $2.36 Billion | +4.60% |
| 2011-09-30 | $2.26 Billion | +3.54% |
| 2010-09-30 | $2.18 Billion | +0.07% |
| 2009-09-30 | $2.18 Billion | +6.05% |
| 2008-09-30 | $2.05 Billion | +4.41% |
| 2007-09-30 | $1.97 Billion | +19.27% |
| 2006-09-30 | $1.65 Billion | +2.85% |
| 2005-09-30 | $1.60 Billion | +41.37% |
| 2004-09-30 | $1.13 Billion | +32.18% |
| 2003-09-30 | $857.52 Million | +49.59% |
| 2002-09-30 | $573.24 Million | -1.82% |
| 2001-09-30 | $583.86 Million | +48.77% |
| 2000-09-30 | $392.47 Million | +3.91% |
| 1999-09-30 | $377.70 Million | +1.75% |
| 1998-09-30 | $371.20 Million | +13.41% |
| 1997-09-30 | $327.30 Million | -0.70% |
| 1996-09-30 | $329.60 Million | +108.21% |
| 1995-09-30 | $158.30 Million | +5.82% |
| 1994-09-30 | $149.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Atmos Energy Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 10243.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $4.86 Billion | 35.86% |
| Common Stock | $808.00K | 0.01% |
| Other Comprehensive Income | $475.01 Million | 3.50% |
| Other Components | $8.22 Billion | 60.64% |
| Total Equity | $13.56 Billion | 100.00% |
Atmos Energy Corporation Competitors by Market Cap
The table below lists competitors of Atmos Energy Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ESSILORLUXOTTICA 1/2/O.N.
F:ESLC
|
$30.35 Billion |
|
Cboe Global Markets Inc
BATS:CBOE
|
$30.38 Billion |
|
ENBMF
OTCGREY:ENBMF
|
$30.39 Billion |
|
Deutsche Boerse AG
LSE:0H3T
|
$30.41 Billion |
|
United Airlines Holdings Inc
NASDAQ:UAL
|
$30.25 Billion |
|
M&T Bank Corporation
NYSE:MTB
|
$30.25 Billion |
|
Nokia
ST:NOKIA-SEK
|
$30.16 Billion |
|
Luxshare Precision Industry Co Ltd
SHE:002475
|
$30.11 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Atmos Energy Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 12,157,669,000 to 13,558,890,000, a change of 1,401,221,000 (11.5%).
- Net income of 1,198,754,000 contributed positively to equity growth.
- Dividend payments of 553,761,000 reduced retained earnings.
- Share repurchases of 713,739,000 reduced equity.
- New share issuances of 698,462,000 increased equity.
- Other comprehensive income increased equity by 9,300,000.
- Other factors increased equity by 762,205,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.20 Billion | +8.84% |
| Dividends Paid | $553.76 Million | -4.08% |
| Share Repurchases | $713.74 Million | -5.26% |
| Share Issuances | $698.46 Million | +5.15% |
| Other Comprehensive Income | $9.30 Million | +0.07% |
| Other Changes | $762.21 Million | +5.62% |
| Total Change | $- | 11.53% |
Book Value vs Market Value Analysis
This analysis compares Atmos Energy Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.21x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 18.99x to 2.21x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-09-30 | $9.85 | $186.98 | x |
| 1995-09-30 | $10.27 | $186.98 | x |
| 1996-09-30 | $20.79 | $186.98 | x |
| 1997-09-30 | $11.14 | $186.98 | x |
| 1998-09-30 | $12.36 | $186.98 | x |
| 1999-09-30 | $12.26 | $186.98 | x |
| 2000-09-30 | $12.42 | $186.98 | x |
| 2001-09-30 | $15.27 | $186.98 | x |
| 2002-09-30 | $13.90 | $186.98 | x |
| 2003-09-30 | $18.44 | $186.98 | x |
| 2004-09-30 | $20.83 | $186.98 | x |
| 2005-09-30 | $20.28 | $186.98 | x |
| 2006-09-30 | $20.25 | $186.98 | x |
| 2007-09-30 | $22.40 | $186.98 | x |
| 2008-09-30 | $22.74 | $186.98 | x |
| 2009-09-30 | $23.65 | $186.98 | x |
| 2010-09-30 | $23.57 | $186.98 | x |
| 2011-09-30 | $24.88 | $186.98 | x |
| 2012-09-30 | $25.88 | $186.98 | x |
| 2013-09-30 | $28.14 | $186.98 | x |
| 2014-09-30 | $31.62 | $186.98 | x |
| 2015-09-30 | $31.35 | $186.98 | x |
| 2016-09-30 | $33.45 | $186.98 | x |
| 2017-09-30 | $36.75 | $186.98 | x |
| 2018-09-30 | $42.97 | $186.98 | x |
| 2019-09-30 | $48.95 | $186.98 | x |
| 2020-09-30 | $55.27 | $186.98 | x |
| 2021-09-30 | $60.90 | $186.98 | x |
| 2022-09-30 | $68.21 | $186.98 | x |
| 2023-09-30 | $74.88 | $186.98 | x |
| 2024-09-30 | $79.64 | $186.98 | x |
| 2025-09-30 | $84.44 | $186.98 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Atmos Energy Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.84%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25.49%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 2.13x
- Recent ROE (8.84%) is below the historical average (9.57%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 10.49% | 4.04% | 0.93x | 2.79x | $740.00K |
| 1995 | 18.19% | 3.84% | 1.68x | 2.82x | $12.97 Million |
| 1996 | 12.50% | 4.65% | 0.88x | 3.07x | $8.24 Million |
| 1997 | 7.27% | 2.62% | 0.83x | 3.33x | $-8.93 Million |
| 1998 | 14.90% | 6.52% | 0.74x | 3.07x | $18.18 Million |
| 1999 | 4.69% | 2.56% | 0.56x | 3.26x | $-20.07 Million |
| 2000 | 9.15% | 4.22% | 0.63x | 3.44x | $-3.33 Million |
| 2001 | 9.61% | 3.89% | 0.71x | 3.49x | $-2.30 Million |
| 2002 | 10.41% | 3.61% | 0.83x | 3.45x | $2.33 Million |
| 2003 | 8.36% | 2.56% | 1.07x | 3.06x | $-14.06 Million |
| 2004 | 7.61% | 2.95% | 1.00x | 2.57x | $-27.12 Million |
| 2005 | 8.47% | 2.74% | 0.88x | 3.53x | $-24.46 Million |
| 2006 | 8.96% | 2.40% | 1.08x | 3.47x | $-17.07 Million |
| 2007 | 8.57% | 2.86% | 1.00x | 3.00x | $-28.08 Million |
| 2008 | 8.79% | 2.50% | 1.13x | 3.11x | $-24.92 Million |
| 2009 | 8.77% | 3.84% | 0.78x | 2.93x | $-26.70 Million |
| 2010 | 9.45% | 4.36% | 0.70x | 3.11x | $-12.00 Million |
| 2011 | 9.20% | 4.84% | 0.59x | 3.23x | $-17.94 Million |
| 2012 | 9.19% | 6.31% | 0.46x | 3.18x | $-19.21 Million |
| 2013 | 9.42% | 6.28% | 0.49x | 3.07x | $-14.85 Million |
| 2014 | 9.39% | 5.87% | 0.57x | 2.78x | $-18.81 Million |
| 2015 | 9.86% | 10.76% | 0.32x | 2.84x | $-4.40 Million |
| 2016 | 10.11% | 14.26% | 0.25x | 2.89x | $3.80 Million |
| 2017 | 10.17% | 14.36% | 0.26x | 2.76x | $6.55 Million |
| 2018 | 12.64% | 19.36% | 0.26x | 2.49x | $126.07 Million |
| 2019 | 8.89% | 17.62% | 0.22x | 2.32x | $-63.62 Million |
| 2020 | 8.86% | 21.32% | 0.18x | 2.26x | $-77.68 Million |
| 2021 | 8.42% | 19.53% | 0.17x | 2.48x | $-125.13 Million |
| 2022 | 8.22% | 18.43% | 0.19x | 2.36x | $-167.51 Million |
| 2023 | 8.14% | 20.71% | 0.19x | 2.07x | $-201.69 Million |
| 2024 | 8.58% | 25.04% | 0.17x | 2.07x | $-172.87 Million |
| 2025 | 8.84% | 25.49% | 0.16x | 2.13x | $-157.13 Million |
Industry Comparison
This section compares Atmos Energy Corporation's net assets metrics with peer companies in the Utilities - Regulated Gas industry.
Industry Context
- Industry: Utilities - Regulated Gas
- Average net assets among peers: $10,474,335,394
- Average return on equity (ROE) among peers: 16.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Atmos Energy Corporation (ATO) | $14.28 Billion | 10.49% | 1.09x | $30.35 Billion |
| APA Group (APAJF) | $3.21 Billion | 8.05% | 4.14x | $6.28 Billion |
| Ascopiave S.p.A (ASCOF) | $409.67 Million | 8.69% | 1.12x | $220.54 Million |
| Beijing Gas Blue Sky Holdings Limited (BJGBF) | $25.42 Million | 42.17% | 3.14x | $31.34 Million |
| Black Hills Corporation (BKH) | $205.40 Million | 15.77% | 1.48x | $5.29 Billion |
| CF Energy Corp (CGFEF) | $47.11 Million | 14.33% | 1.32x | $2.67 Million |
| China Gas Holdings Limited (CGHOF) | $45.80 Billion | 20.06% | 1.45x | $2.35 Billion |
| Chesapeake Utilities Corporation (CPK) | $561.58 Million | 11.60% | 2.18x | $3.01 Billion |
| China Resources Gas Group Limited (CRGGF) | $31.61 Billion | 14.08% | 1.33x | $2.74 Billion |
| China Suntien Green Energy Corporation Limited (CSGEF) | $12.40 Billion | 10.23% | 2.16x | $894.23 Million |