Atmos Energy Corporation (ATO)

Pretax margin

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Earnings before tax but after interest (EBT)	US$ in thousands	1,235,780	999,641	851,908	819,299	746,796
Revenue	US$ in thousands	4,165,190	4,275,360	4,201,660	3,407,490	2,821,140
Pretax margin		29.67%	23.38%	20.28%	24.04%	26.47%

September 30, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $1,235,780K ÷ $4,165,190K
= 29.67%

The pretax margin of Atmos Energy Corporation has shown a fluctuating trend over the past five years. It experienced a notable increase in the pretax margin in the most recent fiscal year ending in September 2024, reaching 29.67%. This indicates that for every dollar of revenue generated by the company, 29.67 cents represented its pre-tax profit.

Comparing this to the previous years, the pretax margin was the lowest in September 2022 at 20.28%, showing a rebound from this low point in the subsequent years. The company's performance in terms of pretax margin was comparatively stronger in both September 2023 and September 2021, with figures of 23.38% and 24.04% respectively.

In September 2020, the pretax margin was 26.47%, falling between the higher margins of the two preceding years. Overall, the fluctuation in pretax margin suggests varying levels of operational efficiency and cost management by Atmos Energy Corporation over the analyzed period.