Atmos Energy Corporation stock research
FY2025 Q2
Atmos Energy (ATO) Gross Margin & Quarterly History
Explore Atmos Energy Corporation (ATO) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended Mar 31, 2025 · FY2025 Q2
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year. Gross margin weakened relative to both periods, as cost of revenue grew faster than revenue.
- The most observable driver is the proportion of cost of revenue to revenue, which increased significantly from the prior quarter and moderately from a year ago, compressing gross margin.
- Compared to the prior quarter, revenue was higher but gross margin was lower, as cost of revenue increased more than proportionally. Versus the same quarter last year, revenue and gross profit were higher, while gross margin was slightly lower.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
60.0%
Gross profit
$1.2B
Revenue
$2.0B
Cost of revenue
$779.2M
Quarter-over-quarter change
-20.0 pts
Year-over-year change
-2.1 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Dec 31, 2023 | $1.2B | $819.6M | $338.9M | 70.7% |
| Mar 31, 2024 | $1.6B | $1.0B | $624.3M | 62.1% |
| Dec 31, 2024 | $1.2B | $942.0M | $234.0M | 80.1% |
| Mar 31, 2025 | $2.0B | $1.2B | $779.2M | 60.0% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2024
-20.0 pts
Year-over-year change
Mar 31, 2024
-2.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The most observable driver is the proportion of cost of revenue to revenue, which increased significantly from the prior quarter and moderately from a year ago, compressing gross margin.
Compared to the prior quarter, revenue was higher but gross margin was lower, as cost of revenue increased more than proportionally. Versus the same quarter last year, revenue and gross profit were higher, while gross margin was slightly lower.
Monitor the trend in cost of revenue relative to revenue, as its faster growth drove the margin decline.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Atmos Energy Corporation (ATO) | 60.0% |