Atmos Energy Corporation (ATO)

Gross profit margin

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Gross profit	US$ in thousands	2,263,660	2,823,180	2,519,010	2,374,770	2,162,280
Revenue	US$ in thousands	4,165,190	4,275,360	4,201,660	3,407,490	2,821,140
Gross profit margin		54.35%	66.03%	59.95%	69.69%	76.65%

September 30, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $2,263,660K ÷ $4,165,190K
= 54.35%

The gross profit margin of Atmos Energy Corporation has shown a fluctuating trend over the past five years. In September 2020, the gross profit margin was at its highest point, reaching 76.65%. However, in the subsequent years, the gross profit margin experienced a steady decline, dropping to 69.69% in 2021, 59.95% in 2022, and further down to 66.03% in 2023.

In the most recent period ending in September 2024, the gross profit margin improved slightly to 54.35%. Despite this slight increase, the company's gross profit margin remains significantly lower compared to the levels observed in the earlier years.

The declining trend in the gross profit margin could indicate various factors such as changes in the cost of goods sold, pricing strategies, or operational inefficiencies affecting the company's profitability. It is essential for Atmos Energy Corporation to closely monitor and address the factors impacting its gross profit margin to ensure sustainable financial performance and profitability.