Atmos Energy vs UGI
UGI is the larger business, with $7.29bn of revenue in fiscal 2025 against $4.70bn for Atmos Energy (1.5 times as much). Atmos Energy grew faster (12.9% against 1.1%). Atmos Energy kept more of each dollar of sales as profit: a net margin of 25.5% against 9.3%. Atmos Energy carries less debt relative to equity (66.2% against 139.2%).
| Latest fiscal year | Atmos EnergyATO, 2025 | UGIUGI, 2025 |
|---|---|---|
| Revenue | $4.70bn | $7.29bn |
| Revenue growth | 12.9% | 1.1% |
| Net income | $1.20bn | $678m |
| Operating margin | 33.2% | 15.2% |
| Net margin | 25.5% | 9.3% |
| Return on equity | 9.3% | 14.9% |
| Free cash flow | −$1.51bn | $390m |
| Cash | $203m | $335m |
| Total debt | $8.98bn | $6.65bn |
| Debt to equity | 66.2% | 139.2% |
| Dividend per share | $3.48 | $1.50 |
| Dividend yield | 2.1% | 3.9% |
| Share buybacks | — | $33.0m |
| Employees | 5,487 | 9,400 |
| Market value | $29.37bn | $8.23bn |
| Price vs our value range | — | Within our value range |
| Moat score | 41 (Weak) | 35 (Weak) |
| Insider trades, 12 months | 1 buys, 1 sales | 0 buys, 7 sales |