Atmos Energy Corporation — Earnings Quality Grade F
ATO · Utilities
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 17 days, change -3 days YoY
AR growth -3.3% vs revenue growth 12.9%
Revenue 12.9%, CFFO 18.2%. Cash follows revenue
Expense Quality
Inventory 2.9% vs COGS 12.3%. Normal
CapEx growth 21.3% vs revenue 12.9%. Normal
Insufficient data
Gross margin 58.1%, change +0.2pp. Stable
Cash Flow Quality
CFFO/NI = 1.71. Profits backed by cash
FCF < 50% of Net Income for 2 years
Accruals ratio = -3.0%. Low accruals
Cash $0.2B covers only 2% of debt $9.3B
Balance Sheet Health
Goodwill+Intangibles $0.8B = 6% of equity. Manageable
Debt/EBITDA = 3.9x. Healthy
Other assets -5.7% vs revenue 12.9%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions negative for 2/3 years
Goodwill+Intangibles change -1% YoY. Normal
Manipulation Score
Insufficient data
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-10