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Atmos Energy vs Venture Global: revenue, profit, margins and growth compared

Atmos Energy brought in $4.7B of revenue in fiscal 2025, Venture Global $13.8B in fiscal 2025. Revenue changed by +12.9% at Atmos Energy and +176.9% at Venture Global on the year before, so Venture Global grew faster. Atmos Energy kept 25.5% of its revenue as net profit, Venture Global 16.4%. Free cash flow was -$1.5B at Atmos Energy and -$6.8B at Venture Global.

Side by side, latest fiscal year

ATOVG
Fiscal year endedFY2025 (September 30, 2025)FY2025 (December 31, 2025)
Revenue$4.7B$13.8B
Revenue growth+12.9%+176.9%
Net income$1.2B$2.3B
Net margin25.5%16.4%
Free cash flow-$1.5B-$6.8B
Free cash flow margin-32.2%-49.4%
Earnings per share (diluted)$7.46$0.86
Cash$202.7M$2.4B
Debt$8.9B$34.2B
Price to earnings21.114.7
Market value$26.6B$31.6B
Dividend yield2.21%0.24%
Rank by revenue in sector#42 of 109 · Utilities#23 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: $4.7BVG FY2023: $7.9BVG FY2025: $5BVG FY2025: $13.8BFY18FY19FY20FY21FY22FY23FY24FY25
ATO $4.7BVG $13.8B
Net income
ATO FY2018: $603.1MATO FY2019: $511.4MATO FY2020: $601.4MATO FY2021: $665.6MATO FY2022: $774.4MATO FY2023: $885.9MATO FY2024: $1BATO FY2025: $1.2BVG FY2023: $2.7BVG FY2025: $1.5BVG FY2025: $2.3BFY18FY19FY20FY21FY22FY23FY24FY25
ATO $1.2BVG $2.3B
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%VG FY2023: 33.9%VG FY2025: 29.7%VG FY2025: 16.4%FY18FY19FY20FY21FY22FY23FY24FY25
ATO 25.5%VG 16.4%
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%VG FY2025: -37.0%VG FY2025: +176.9%FY19FY20FY21FY22FY23FY24FY25
ATO +12.9%VG +176.9%
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: -$1.5BVG FY2023: -$3.5BVG FY2025: -$11.6BVG FY2025: -$6.8BFY18FY19FY20FY21FY22FY23FY24FY25
ATO -$1.5BVG -$6.8B

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

Questions about Atmos Energy and Venture Global

Which is bigger by revenue, Atmos Energy or Venture Global?

Venture Global is bigger by revenue: $13.8B in fiscal 2025, against $4.7B for Atmos Energy in fiscal 2025.

Which keeps more of its revenue as profit, Atmos Energy or Venture Global?

Atmos Energy had a net margin of 25.5% in fiscal 2025; Venture Global had 16.4% in fiscal 2025.

Which grew revenue faster, Atmos Energy or Venture Global?

In their latest fiscal years revenue changed by +12.9% at Atmos Energy and +176.9% at Venture Global.

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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