| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $3,407 | $4,202 | $4,275 | $4,165 | $4,703 |
| Gross Profit | $2,375 | $2,519 | $2,823 | N/A | N/A |
| Operating Income | $905 | $921 | $1,067 | $1,355 | $1,560 |
| Net Income | $666 | $774 | $886 | $1,043 | $1,199 |

Edwyn
Over the five-year period, Atmos Energy Corp’s revenue grew overall from USD 3,407 million in 2021 to USD 4,703 million in 2025. Notably, the largest jump in revenue occurred between 2021 and 2022, with an increase of approximately 23%, reflecting favorable market dynamics or successful operational initiatives. However, revenue growth was uneven, with a slight dip in 2024 before rebounding in 2025. While gross profit figures show an upward trend from USD 2,375 million in 2021 to nearly USD 2,823 million in 2023, the absence (reported as zero) of gross profit data in 2024 and 2025 limits our ability to assess cost of goods sold trends and gross margins consistently over the full period. Operating income and net income both exhibited steady growth, suggesting improved operational efficiency. Operating income increased from USD 905 million in 2021 to USD 1,560 million in 2025—a cumulative increase of roughly 72%—with noticeable year-over-year accelerations, especially from 2021 to 2024 (almost a 50% growth). Net income followed a similar upward trajectory, rising from USD 666 million to nearly USD 1,199 million, which indicates expanding profitability and margin improvement. These increases in operating and net income, combined with higher revenue, point to a solid financial performance despite the incomplete gross profit reporting in later years. Overall, the company appears to have maintained robust financial health and sustainability, effectively translating revenue growth into improved profitability amidst dynamic industry conditions.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.