Atmos Energy Corporation (ATO)
Pretax margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 999,641 | 851,908 | 819,299 | 746,796 | 650,309 |
| Revenue | US$ in thousands | 4,275,360 | 4,201,660 | 3,407,490 | 2,821,140 | 2,901,850 |
| Pretax margin | 23.38% | 20.28% | 24.04% | 26.47% | 22.41% |
September 30, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $999,641K ÷ $4,275,360K
= 23.38%
The pretax margin of Atmos Energy Corp. has shown variability over the past five years. In 2023, the pretax margin increased to 23.38% from 20.28% in 2022, showing an improvement in the company's ability to generate profits before accounting for taxes. However, the pretax margin was lower compared to the years 2020 and 2021, indicating a decrease in profitability efficiency. This fluctuation could be attributed to various factors, such as changes in operating expenses, revenue, or tax liabilities. It is important for stakeholders to closely monitor these changes to assess the company's financial performance and management effectiveness.
Peer comparison
Sep 30, 2023