Atmos Energy Corporation (ATO)

Net profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	925,294	885,862	838,981	829,721	797,049	774,398	751,475	725,339	697,094	665,563	682,176	697,556	640,448	601,443	594,516	557,191	532,433	511,406	491,747	482,474
Revenue (ttm)	US$ in thousands	3,949,815	4,275,355	4,410,341	4,564,037	4,672,887	4,201,667	4,047,423	3,836,547	3,505,797	3,407,487	3,314,017	3,201,459	2,860,054	2,821,137	2,789,906	2,782,649	2,899,624	2,901,843	2,902,860	2,979,367
Net profit margin		23.43%	20.72%	19.02%	18.18%	17.06%	18.43%	18.57%	18.91%	19.88%	19.53%	20.58%	21.79%	22.39%	21.32%	21.31%	20.02%	18.36%	17.62%	16.94%	16.19%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $925,294K ÷ $3,949,815K
= 23.43%

The net profit margin of Atmos Energy Corp. has shown a generally positive trend over the past eight quarters. It increased from 17.05% in Q1 2023 to 23.41% in Q1 2024, indicating a substantial improvement in profitability. While there were minor fluctuations in between, the overall trajectory has been upward. This suggests that the company has been effectively managing its expenses and increasing its profitability relative to its revenue. The consistently healthy net profit margins reflect a solid financial performance and efficiency in generating profits from its operations.