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

Atmos Energy brought in $4.7B of revenue in fiscal 2025, Cheniere Energy $20B in fiscal 2025. Revenue changed by +12.9% at Atmos Energy and +27.2% at Cheniere Energy on the year before, so Cheniere Energy grew faster. Atmos Energy kept 25.5% of its revenue as net profit, Cheniere Energy 26.7%. Free cash flow was -$1.5B at Atmos Energy and $2.5B at Cheniere Energy.

Side by side, latest fiscal year

ATOLNG
Fiscal year endedFY2025 (September 30, 2025)FY2025 (December 31, 2025)
Revenue$4.7B$20B
Revenue growth+12.9%+27.2%
Net income$1.2B$5.3B
Net margin25.5%26.7%
Free cash flow-$1.5B$2.5B
Free cash flow margin-32.2%12.3%
Earnings per share (diluted)$7.46$24.13
Cash$202.7M$1.1B
Debt$8.9B$22.5B
Price to earnings21.111.1
Market value$26.6B$55.5B
Dividend yield2.21%n/a
Rank by revenue in sector#42 of 109 · Utilities#11 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: $4.7BLNG FY2018: $8BLNG FY2019: $9.7BLNG FY2020: $9.4BLNG FY2021: $17.5BLNG FY2022: $33.4BLNG FY2023: $20.4BLNG FY2024: $15.7BLNG FY2025: $20BFY18FY19FY20FY21FY22FY23FY24FY25
ATO $4.7BLNG $20B
Net income
ATO FY2018: $603.1MATO FY2019: $511.4MATO FY2020: $601.4MATO FY2021: $665.6MATO FY2022: $774.4MATO FY2023: $885.9MATO FY2024: $1BATO FY2025: $1.2BLNG FY2018: $471MLNG FY2019: $648MLNG FY2020: -$85MLNG FY2021: -$2.3BLNG FY2022: $1.4BLNG FY2023: $9.9BLNG FY2024: $3.3BLNG FY2025: $5.3BFY18FY19FY20FY21FY22FY23FY24FY25
ATO $1.2BLNG $5.3B
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%LNG FY2018: 5.9%LNG FY2019: 6.7%LNG FY2020: -0.9%LNG FY2021: -13.4%LNG FY2022: 4.3%LNG FY2023: 48.5%LNG FY2024: 20.7%LNG FY2025: 26.7%FY18FY19FY20FY21FY22FY23FY24FY25
ATO 25.5%LNG 26.7%
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%LNG FY2019: +21.8%LNG FY2020: -3.8%LNG FY2021: +87.3%LNG FY2022: +90.7%LNG FY2023: -39.0%LNG FY2024: -23.0%LNG FY2025: +27.2%FY19FY20FY21FY22FY23FY24FY25
ATO +12.9%LNG +27.2%
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: -$1.5BLNG FY2018: -$1.7BLNG FY2019: -$1.2BLNG FY2020: -$574MLNG FY2021: $1.5BLNG FY2022: $8.7BLNG FY2023: $6.3BLNG FY2024: $3.2BLNG FY2025: $2.5BFY18FY19FY20FY21FY22FY23FY24FY25
ATO -$1.5BLNG $2.5B

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

Questions about Atmos Energy and Cheniere Energy

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

Cheniere Energy is bigger by revenue: $20B 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?

Atmos Energy had a net margin of 25.5% in fiscal 2025; Cheniere Energy had 26.7% in fiscal 2025.

Which grew revenue faster, Atmos Energy or Cheniere Energy?

In their latest fiscal years revenue changed by +12.9% at Atmos Energy and +27.2% at Cheniere Energy.

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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