Atmos EnergyATO +0.88%85 OCF Margin % is 36.87% as of Mar. 2026, which is 6% above its 10-year median of 34.74. GuruFocus rates ATO with a GF Score™ of 85/100 and a GF Value™ of $155.79 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 499 Utilities - Regulated companies, Atmos Energy ranks better than 82.97% on this metric.
The historical rank and industry rank for Atmos Energy's OCF Margin % or its related term are showing as below:
ATO'
s OCF Margin % Range Over the Past 10 Years
Min: -31.82 Med: 34.74 Max: 80.92
Current: 38.43
During the past 13 years, the highest OCF Margin % of Atmos Energy was 80.92%. The lowest was -31.82%. And the median was 34.74%.
ATO's OCF Margin % is ranked better than 82.97% of 499
companies
in the Utilities - Regulated industry
Industry Median: 18.61
vs ATO: 38.43
Atmos Energy OCF Margin % Related Terms
Atmos Energy OCF Margin % Historical Data
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The historical data trend for Atmos Energy's OCF Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Utilities - Regulated Gas subindustry, Atmos Energy's OCF Margin %, along with its competitors' market caps and OCF Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Atmos Energy OCF Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Atmos Energy's OCF Margin % distribution charts can be found below:
* The bar in red indicates where Atmos Energy's OCF Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Atmos Energy (ATO) has a OCF Margin % of 36.87% as of Mar. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Atmos Energy and its competitors. This is near median its historical median of 34.74. According to the industry distribution chart, Atmos Energy ranks #85 out of 499 companies in the Utilities - Regulated industry, placing it in the top 17%.
Is Atmos Energy's OCF Margin % too high?
Atmos Energy's current OCF Margin % of 36.87% is near median its 10-year median of 34.74. The Utilities - Regulated industry median OCF Margin % is 18.61. Atmos Energy's value of 36.87% is 98.1% above this industry median. Based on the distribution chart, Atmos Energy ranks #85 out of 499 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Atmos Energy has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Atmos Energy's OCF Margin % compare to NI and UGI?
According to the Utilities - Regulated industry distribution chart, Atmos Energy ranks #85 out of 499 companies for OCF Margin %. This places Atmos Energy in the top 17% of its industry — outperforming the majority of peers. The industry median OCF Margin % is 18.61. Atmos Energy's value of 36.87% is 98.1% above this benchmark. While the company's 10-year median is 34.74 vs. the industry median of 18.61, Atmos Energy has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good OCF Margin % for an Utilities - Regulated company?
The median OCF Margin % among Utilities - Regulated companies is 18.61, based on 499 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Atmos Energy's current OCF Margin % of 36.87% is 98.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Atmos Energy and its competitors. For the Utilities - Regulated industry, the median OCF Margin % is 18.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Atmos Energy's current OCF Margin % is 36.87%, which is near median its own 10-year median of 34.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atmos Energy stock overvalued right now?
Based on GuruFocus' analysis, Atmos Energy (ATO) is currently considered Modestly Overvalued. The stock's GF Value™ is $155.79, compared to a current price of $172.59 — trading 10.8% above its estimated fair value. The current OCF Margin % is 36.87%, which is near median its 10-year median of 34.74 and 98.1% above the Utilities - Regulated industry median of 18.61. Atmos Energy's overall GF Score™ is 85/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For Atmos Energy (ATO), the current OCF Margin % is 36.87% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Atmos Energy (ATO) Overvalued in 2026?
Based on GuruFocus' analysis, Atmos Energy stock appears to be overvalued.
The current stock price of $172.59 is trading 10.8% above its estimated GF Value™ of $155.79.
GuruFocus considers Atmos Energy to be Modestly Overvalued.
Key valuation signals for ATO:
OCF Margin %: 36.87% (near median its 10-year median of 34.74)
GF Value™: $155.79 vs. price of $172.59 (10.8% above fair value)
Industry Position: 98.1% above the Utilities - Regulated median (#85 of 499)
No single metric tells the full story. See the ATO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
85GF Score
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