Atmos Energy Corporation (ATO)

Operating profit margin

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Operating income (ttm)	US$ in thousands	1,355,362	1,324,432	1,273,418	1,145,066	1,067,147	1,018,479	1,003,813	966,307	920,982	906,544	885,347	882,019	904,998	914,879	920,524	870,158	824,099	812,969	796,136	762,375
Revenue (ttm)	US$ in thousands	4,165,193	4,094,891	4,056,075	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
Operating profit margin		32.54%	32.34%	31.40%	28.99%	24.96%	23.09%	21.99%	20.68%	21.92%	22.40%	23.08%	25.16%	26.56%	27.61%	28.75%	30.42%	29.21%	29.14%	28.61%	26.29%

September 30, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,355,362K ÷ $4,165,193K
= 32.54%

The operating profit margin of Atmos Energy Corporation has shown a generally positive trend over the last few years, reflecting the company's ability to efficiently generate profits from its operations. The margin has steadily increased from 26.29% in December 2019 to 32.54% in September 2024. This indicates improvement in the company's operational efficiency and cost management.

A higher operating profit margin signifies that the company is effective in controlling its operating expenses relative to its revenues. The company has been able to consistently improve its profitability over time, which is a positive indicator for stakeholders.

However, there may be fluctuations in the margin from quarter to quarter, influenced by various internal and external factors affecting the company's operations. It is essential to monitor the trend over the long term to assess the company's financial health and performance accurately.