Atmos Energy
Atmos Energy returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q3 | Jun 30, 2026 | 6.25% | 6.46% | 6.34% | 9.79% | 4.73% | 1.8 pp |
| FY 2026 Q2 | Mar 31, 2026 | 6.18% | 6.38% | 5.51% | 9.6% | 4.69% | 1.8 pp |
| FY 2026 Q1 | Dec 31, 2025 | 5.91% | 6.02% | 4.35% | 9.23% | 4.44% | 1.5 pp |
| FY 2025 Q4 | Sep 30, 2025 | 6.04% | 6.13% | 4.6% | 9.32% | 4.49% | 1.6 pp |
| FY 2025 Q3 | Jun 30, 2025 | 6.07% | 6.04% | 5.17% | 9.05% | 4.4% | 1.7 pp |
| FY 2025 Q2 | Mar 31, 2025 | 6.12% | 6.13% | 5.87% | 9.18% | 4.46% | 1.7 pp |
| FY 2025 Q1 | Dec 31, 2024 | 6.03% | 5.92% | 8.16% | 9% | 4.32% | 1.6 pp |
| FY 2024 Q4 | Sep 30, 2024 | 6.14% | 6% | 9.99% | 9.05% | 4.37% | 1.7 pp |
| FY 2024 Q3 | Jun 30, 2024 | 6.16% | 5.93% | 9.96% | 9.01% | 4.4% | 1.8 pp |
| FY 2024 Q2 | Mar 31, 2024 | 6.14% | 5.9% | 9.24% | 9.16% | 4.41% | 1.7 pp |
| FY 2024 Q1 | Dec 31, 2023 | 5.43% | 5.41% | 606.77% | 8.76% | 3.93% | 1 pp |
| FY 2023 Q4 | Sep 30, 2023 | 5.38% | 5.37% | 78.8% | 8.73% | 3.96% | 1 pp |
| FY 2023 Q3 | Jun 30, 2023 | 5.31% | 5.21% | 39.56% | 8.44% | 3.86% | 0.9 pp |
| FY 2023 Q2 | Mar 31, 2023 | 5.4% | 5.25% | 30.48% | 8.64% | 3.9% | 1 pp |
| FY 2023 Q1 | Dec 31, 2022 | 5.02% | 5.23% | 3.91% | 8.79% | 3.63% | 0.6 pp |
| FY 2022 Q4 | Sep 30, 2022 | 5.13% | 5.31% | 4.26% | 8.93% | 3.71% | 0.7 pp |
| FY 2022 Q3 | Jun 30, 2022 | 5.23% | 4.95% | 3.58% | 8.81% | 3.67% | 0.8 pp |
| FY 2022 Q2 | Mar 31, 2022 | 5.22% | 4.84% | 2.14% | 8.63% | 3.57% | 0.8 pp |
| FY 2022 Q1 | Dec 31, 2021 | 5.51% | 5.38% | 1.71% | 8.99% | 3.77% | 1.1 pp |
| FY 2021 Q4 | Sep 30, 2021 | 5.56% | 5.9% | 1.87% | 9.05% | 3.81% | 1.2 pp |
| FY 2021 Q3 | Jun 30, 2021 | 5.84% | 5.64% | 2.15% | 9.58% | 3.99% | 1.4 pp |
| FY 2021 Q2 | Mar 31, 2021 | 6.08% | 5.7% | 3.47% | 9.87% | 4.09% | 1.7 pp |
| FY 2021 Q1 | Dec 31, 2020 | 6.3% | 5.96% | 6.19% | 9.59% | 4.15% | 1.9 pp |
| FY 2020 Q4 | Sep 30, 2020 | 6.31% | 6.16% | 4.87% | 9.58% | 4.19% | 1.9 pp |
| FY 2020 Q3 | Jun 30, 2020 | 6.55% | 6.22% | 6.12% | 9.82% | 4.28% | 2.2 pp |
| FY 2020 Q2 | Mar 31, 2020 | 6.38% | 6.22% | 4.02% | 9.43% | 4.07% | 2 pp |
| FY 2020 Q1 | Dec 31, 2019 | 6.27% | 6.17% | — | 9.27% | 3.94% | 1.9 pp |
| FY 2019 Q4 | Sep 30, 2019 | 6.48% | 6.75% | -9.62% | 9.72% | 4.05% | 2.1 pp |
| FY 2019 Q3 | Jun 30, 2019 | 6.55% | 6.77% | — | 9.45% | 4.03% | 2.2 pp |
| FY 2019 Q2 | Mar 31, 2019 | — | — | — | — | — | — |
| FY 2019 Q1 | Dec 31, 2018 | — | — | — | — | — | — |
| FY 2018 Q4 | Sep 30, 2018 | — | — | — | — | — | — |
| FY 2018 Q3 | Jun 30, 2018 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 4.4%, rounded from the Utility · General benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · ATO, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.