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Atmos Energy vs Cheniere Energy Partners: revenue, profit, margins and growth compared

Atmos Energy brought in $4.7B of revenue in fiscal 2025, Cheniere Energy Partners $10.8B in fiscal 2025. Revenue changed by +12.9% at Atmos Energy and +23.6% at Cheniere Energy Partners on the year before, so Cheniere Energy Partners grew faster. Atmos Energy kept 25.5% of its revenue as net profit, Cheniere Energy Partners 27.8%. Free cash flow was -$1.5B at Atmos Energy and $2.6B at Cheniere Energy Partners.

Side by side, latest fiscal year

ATOCQP
Fiscal year endedFY2025 (September 30, 2025)FY2025 (December 31, 2025)
Revenue$4.7B$10.8B
Revenue growth+12.9%+23.6%
Net income$1.2B$3B
Net margin25.5%27.8%
Free cash flow-$1.5B$2.6B
Free cash flow margin-32.2%23.9%
Earnings per share (diluted)$7.46n/a
Cash$202.7M$182M
Debt$8.9B$14.2B
Price to earnings21.1n/a
Market value$26.6B$30.7B
Dividend yield2.21%n/a
Rank by revenue in sector#42 of 109 · Utilities#28 of 109 · Utilities

Over the years

Revenue
ATO FY2018: $3.1BATO FY2019: $2.9BATO FY2020: $2.8BATO FY2021: $3.4BATO FY2022: $4.2BATO FY2023: $4.3BATO FY2024: $4.2BATO FY2025: $4.7BCQP FY2018: $6.4BCQP FY2019: $6.8BCQP FY2020: $6.2BCQP FY2021: $9.4BCQP FY2022: $17.2BCQP FY2023: $9.7BCQP FY2024: $8.7BCQP FY2025: $10.8BFY18FY19FY20FY21FY22FY23FY24FY25
ATO $4.7BCQP $10.8B
Net income
ATO FY2018: $603.1MATO FY2019: $511.4MATO FY2020: $601.4MATO FY2021: $665.6MATO FY2022: $774.4MATO FY2023: $885.9MATO FY2024: $1BATO FY2025: $1.2BCQP FY2018: $1.3BCQP FY2019: $1.2BCQP FY2020: $1.2BCQP FY2021: $1.6BCQP FY2022: $2.5BCQP FY2023: $4.3BCQP FY2024: $2.5BCQP FY2025: $3BFY18FY19FY20FY21FY22FY23FY24FY25
ATO $1.2BCQP $3B
Net margin
ATO FY2018: 19.4%ATO FY2019: 17.6%ATO FY2020: 21.3%ATO FY2021: 19.5%ATO FY2022: 18.4%ATO FY2023: 20.7%ATO FY2024: 25.0%ATO FY2025: 25.5%CQP FY2018: 19.8%CQP FY2019: 17.2%CQP FY2020: 19.2%CQP FY2021: 17.3%CQP FY2022: 14.5%CQP FY2023: 44.0%CQP FY2024: 28.8%CQP FY2025: 27.8%FY18FY19FY20FY21FY22FY23FY24FY25
ATO 25.5%CQP 27.8%
Revenue growth
ATO FY2019: -6.9%ATO FY2020: -2.8%ATO FY2021: +20.8%ATO FY2022: +23.3%ATO FY2023: +1.8%ATO FY2024: -2.6%ATO FY2025: +12.9%CQP FY2019: +6.4%CQP FY2020: -9.8%CQP FY2021: +53.0%CQP FY2022: +82.4%CQP FY2023: -43.8%CQP FY2024: -9.9%CQP FY2025: +23.6%FY19FY20FY21FY22FY23FY24FY25
ATO +12.9%CQP +23.6%
Free cash flow
ATO FY2018: -$342.9MATO FY2019: -$724.7MATO FY2020: -$897.7MATO FY2021: -$3.1BATO FY2022: -$1.5BATO FY2023: $653.8MATO FY2024: -$1.2BATO FY2025: -$1.5BCQP FY2018: $1.1BCQP FY2019: $216MCQP FY2020: $779MCQP FY2021: $1.6BCQP FY2022: $3.7BCQP FY2023: $2.9BCQP FY2024: $2.8BCQP FY2025: $2.6BFY18FY19FY20FY21FY22FY23FY24FY25
ATO -$1.5BCQP $2.6B

Fiscal years as each company reports them; the two may end in different months.

Questions about Atmos Energy and Cheniere Energy Partners

Which is bigger by revenue, Atmos Energy or Cheniere Energy Partners?

Cheniere Energy Partners is bigger by revenue: $10.8B in fiscal 2025, against $4.7B for Atmos Energy in fiscal 2025.

Which keeps more of its revenue as profit, Atmos Energy or Cheniere Energy Partners?

Atmos Energy had a net margin of 25.5% in fiscal 2025; Cheniere Energy Partners had 27.8% in fiscal 2025.

Which grew revenue faster, Atmos Energy or Cheniere Energy Partners?

In their latest fiscal years revenue changed by +12.9% at Atmos Energy and +23.6% at Cheniere Energy Partners.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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