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Side-by-side financial comparison of Atmos Energy (ATO) and BOISE CASCADE Co (BCC). Click either name above to swap in a different company.

BOISE CASCADE Co is the larger business by last-quarter revenue ($1.5B vs $1.3B, roughly 1.1× Atmos Energy). Atmos Energy runs the higher net margin — 30.0% vs 0.6%, a 29.4% gap on every dollar of revenue. On growth, Atmos Energy posted the faster year-over-year revenue change (14.2% vs -6.8%). BOISE CASCADE Co produced more free cash flow last quarter ($77.0M vs $-725.3M). Over the past eight quarters, BOISE CASCADE Co's revenue compounded faster (-5.8% CAGR vs -9.7%).

Atmos Energy Corporation, headquartered in Dallas, Texas, is one of the United States' largest natural-gas-only distributors, serving about three million natural gas distribution customers in over 1,400 communities in nine states from the Blue Ridge Mountains in the East to the Rocky Mountains in the West.

Boise Cascade Company is an American manufacturer of wood products and wholesale distributor of building materials, headquartered in Boise, Idaho.

ATO vs BCC — Head-to-Head

Bigger by revenue
BCC
BCC
1.1× larger
BCC
$1.5B
$1.3B
ATO
Growing faster (revenue YoY)
ATO
ATO
+21.0% gap
ATO
14.2%
-6.8%
BCC
Higher net margin
ATO
ATO
29.4% more per $
ATO
30.0%
0.6%
BCC
More free cash flow
BCC
BCC
$802.3M more FCF
BCC
$77.0M
$-725.3M
ATO
Faster 2-yr revenue CAGR
BCC
BCC
Annualised
BCC
-5.8%
-9.7%
ATO

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ATO
ATO
BCC
BCC
Revenue
$1.3B
$1.5B
Net Profit
$403.0M
$8.7M
Gross Margin
Operating Margin
38.3%
1.1%
Net Margin
30.0%
0.6%
Revenue YoY
14.2%
-6.8%
Net Profit YoY
14.5%
-87.3%
EPS (diluted)
$2.44
$0.25

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ATO
ATO
BCC
BCC
Q4 25
$1.3B
$1.5B
Q3 25
$737.5M
$1.7B
Q2 25
$838.8M
$1.7B
Q1 25
$2.0B
$1.5B
Q4 24
$1.2B
$1.6B
Q3 24
$657.9M
$1.7B
Q2 24
$701.5M
$1.8B
Q1 24
$1.6B
$1.6B
Net Profit
ATO
ATO
BCC
BCC
Q4 25
$403.0M
$8.7M
Q3 25
$174.9M
$21.8M
Q2 25
$186.4M
$62.0M
Q1 25
$485.6M
$40.3M
Q4 24
$351.9M
$68.9M
Q3 24
$134.0M
$91.0M
Q2 24
$165.6M
$112.3M
Q1 24
$432.0M
$104.1M
Gross Margin
ATO
ATO
BCC
BCC
Q4 25
Q3 25
Q2 25
Q1 25
60.0%
Q4 24
80.1%
Q3 24
Q2 24
Q1 24
62.1%
Operating Margin
ATO
ATO
BCC
BCC
Q4 25
38.3%
1.1%
Q3 25
29.8%
1.9%
Q2 25
30.1%
4.6%
Q1 25
32.2%
3.5%
Q4 24
39.1%
5.9%
Q3 24
28.1%
6.8%
Q2 24
31.4%
8.2%
Q1 24
33.4%
8.1%
Net Margin
ATO
ATO
BCC
BCC
Q4 25
30.0%
0.6%
Q3 25
23.7%
1.3%
Q2 25
22.2%
3.6%
Q1 25
24.9%
2.6%
Q4 24
29.9%
4.4%
Q3 24
20.4%
5.3%
Q2 24
23.6%
6.2%
Q1 24
26.2%
6.3%
EPS (diluted)
ATO
ATO
BCC
BCC
Q4 25
$2.44
$0.25
Q3 25
$1.04
$0.58
Q2 25
$1.16
$1.64
Q1 25
$3.03
$1.06
Q4 24
$2.23
$1.79
Q3 24
$0.82
$2.33
Q2 24
$1.08
$2.84
Q1 24
$2.85
$2.61

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ATO
ATO
BCC
BCC
Cash + ST InvestmentsLiquidity on hand
$367.0M
$477.2M
Total DebtLower is stronger
$9.6B
Stockholders' EquityBook value
$14.3B
$2.1B
Total Assets
$29.8B
$3.2B
Debt / EquityLower = less leverage
0.67×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATO
ATO
BCC
BCC
Q4 25
$367.0M
$477.2M
Q3 25
$202.7M
$511.8M
Q2 25
$709.4M
$481.0M
Q1 25
$543.5M
$561.8M
Q4 24
$584.5M
$713.3M
Q3 24
$307.3M
$761.6M
Q2 24
$674.6M
$922.1M
Q1 24
$262.5M
$890.2M
Total Debt
ATO
ATO
BCC
BCC
Q4 25
$9.6B
Q3 25
$8.9B
Q2 25
$8.9B
Q1 25
$8.4B
Q4 24
$8.4B
Q3 24
$7.8B
Q2 24
$7.8B
Q1 24
$7.4B
Stockholders' Equity
ATO
ATO
BCC
BCC
Q4 25
$14.3B
$2.1B
Q3 25
$13.6B
$2.1B
Q2 25
$13.4B
$2.2B
Q1 25
$13.1B
$2.1B
Q4 24
$12.8B
$2.2B
Q3 24
$12.2B
$2.1B
Q2 24
$12.2B
$2.3B
Q1 24
$11.6B
$2.3B
Total Assets
ATO
ATO
BCC
BCC
Q4 25
$29.8B
$3.2B
Q3 25
$28.2B
$3.4B
Q2 25
$27.7B
$3.4B
Q1 25
$27.0B
$3.5B
Q4 24
$26.5B
$3.4B
Q3 24
$25.2B
$3.4B
Q2 24
$24.9B
$3.7B
Q1 24
$24.0B
$3.6B
Debt / Equity
ATO
ATO
BCC
BCC
Q4 25
0.67×
Q3 25
0.66×
Q2 25
0.67×
Q1 25
0.64×
Q4 24
0.66×
Q3 24
0.64×
Q2 24
0.64×
Q1 24
0.64×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ATO
ATO
BCC
BCC
Operating Cash FlowLast quarter
$308.1M
$131.0M
Free Cash FlowOCF − Capex
$-725.3M
$77.0M
FCF MarginFCF / Revenue
-54.0%
5.3%
Capex IntensityCapex / Revenue
77.0%
3.7%
Cash ConversionOCF / Net Profit
0.76×
15.00×
TTM Free Cash FlowTrailing 4 quarters
$-1.6B
$12.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATO
ATO
BCC
BCC
Q4 25
$308.1M
$131.0M
Q3 25
$348.1M
$118.4M
Q2 25
$496.4M
$33.2M
Q1 25
$922.9M
$-28.5M
Q4 24
$282.0M
$94.6M
Q3 24
$330.7M
$174.6M
Q2 24
$411.2M
$141.7M
Q1 24
$746.6M
$27.5M
Free Cash Flow
ATO
ATO
BCC
BCC
Q4 25
$-725.3M
$77.0M
Q3 25
$-615.5M
$63.2M
Q2 25
$-370.6M
$-45.9M
Q1 25
$83.3M
$-81.7M
Q4 24
$-609.2M
$759.0K
Q3 24
$-477.3M
$112.9M
Q2 24
$-302.4M
$101.9M
Q1 24
$100.7M
$-6.9M
FCF Margin
ATO
ATO
BCC
BCC
Q4 25
-54.0%
5.3%
Q3 25
-83.5%
3.8%
Q2 25
-44.2%
-2.6%
Q1 25
4.3%
-5.3%
Q4 24
-51.8%
0.0%
Q3 24
-72.5%
6.6%
Q2 24
-43.1%
5.7%
Q1 24
6.1%
-0.4%
Capex Intensity
ATO
ATO
BCC
BCC
Q4 25
77.0%
3.7%
Q3 25
130.7%
3.3%
Q2 25
103.4%
4.5%
Q1 25
43.0%
3.5%
Q4 24
75.8%
6.0%
Q3 24
122.8%
3.6%
Q2 24
101.7%
2.2%
Q1 24
39.2%
2.1%
Cash Conversion
ATO
ATO
BCC
BCC
Q4 25
0.76×
15.00×
Q3 25
1.99×
5.44×
Q2 25
2.66×
0.54×
Q1 25
1.90×
-0.71×
Q4 24
0.80×
1.37×
Q3 24
2.47×
1.92×
Q2 24
2.48×
1.26×
Q1 24
1.73×
0.26×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ATO
ATO

Distribution Segment$1.3B94%
Transportation Revenue$41.5M3%
Other$39.4M3%
Miscellaneous Revenue$2.8M0%

BCC
BCC

General Line$626.6M43%
Commodity Product Line$479.9M33%
Engineered Wood Products$256.6M18%
Plywood And Veneer$53.3M4%
Lumber$10.1M1%
Laminated Veneer Lumber$8.9M1%
Other Wood Products$4.7M0%
Other Engineered Wood Products$3.5M0%
Ijoists$3.3M0%

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