Atmos Energy Valuation Multiples

Atmos Energy Overview

About Atmos Energy

Atmos Energy is the largest publicly traded, fully regulated, pure-play natural gas utility in the United States, serving more than 3.3 million customers in Texas, Colorado, Kansas, Kentucky, Louisiana, Mississippi, Tennessee, and Virginia. About two thirds of its earnings come from Texas, where it distributes natural gas in northern Texas and owns an intrastate gas pipeline spanning several key shale gas formations and interconnected with five storage facilities.

Founded

1906

HQ

Employees

5.5K

Website

atmosenergy.com

Sectors

Energy ServicesUtilities

Financials (LTM)

Revenue: $5B

EBITDA: $2B

EV

$40B

Valuation Multiples

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Atmos Energy Financials

Atmos Energy reported last 12-month revenue of $5B and EBITDA of $2B.

In the same LTM period, Atmos Energy generated $2B in EBITDA and $1B in net income.

Atmos Energy P&L

In the most recent fiscal year, Atmos Energy reported revenue of $5B and EBITDA of $2B.

Atmos Energy expects next 12-month revenue of XXX and NTM EBITDA of XXX

Atmos Energy Stock Performance

Atmos Energy has current market cap of $31B, and enterprise value of $40B.

Atmos Energy's stock price is $186.54.

Atmos Energy Valuation Multiples

Atmos Energy trades at 7.9x EV/Revenue multiple, and 16.1x EV/EBITDA.

Atmos Energy Financial Valuation Multiples

As of April 20, 2026, Atmos Energy has market cap of $31B and EV of $40B.

Equity research analysts estimate Atmos Energy's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Atmos Energy has a P/E ratio of 23.7x.

Atmos Energy Margins & Growth Rates

Atmos Energy's revenue in the last 12 month grew by 11%.

Atmos Energy's revenue per employee in the last FY averaged $0.9M, while opex per employee averaged $0.2M for the same period.

Atmos Energy's rule of 40 is 62% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Atmos Energy's rule of X is 81% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Atmos Energy Public Comps

See public comps and valuation multiples for other Energy Services and Utilities comps.

Atmos Energy M&A Activity

Atmos Energy acquired XXX companies to date.

Last acquisition by Atmos Energy was on XXXXXXXX, XXXXX. Atmos Energy acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Atmos Energy Investment Activity

Atmos Energy invested in XXX companies to date.

Atmos Energy made its latest investment on XXXXXXXX, XXXXX. Atmos Energy invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).