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Side-by-side financial comparison of Atmos Energy (ATO) and BioNTech SE (BNTX). Click either name above to swap in a different company.

BioNTech SE 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 -1.9%, a 31.9% gap on every dollar of revenue.

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.

BioNTech SE is a German multinational biotechnology company headquartered in Mainz that develops immunotherapies and vaccines, particularly for cancer and infectious diseases.

ATO vs BNTX — Head-to-Head

Bigger by revenue
BNTX
BNTX
1.1× larger
BNTX
$1.5B
$1.3B
ATO
Higher net margin
ATO
ATO
31.9% more per $
ATO
30.0%
-1.9%
BNTX

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
ATO
ATO
BNTX
BNTX
Revenue
$1.3B
$1.5B
Net Profit
$403.0M
$-28.7M
Gross Margin
Operating Margin
38.3%
-3.1%
Net Margin
30.0%
-1.9%
Revenue YoY
14.2%
Net Profit YoY
14.5%
EPS (diluted)
$2.44

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
BNTX
BNTX
Q4 25
$1.3B
Q3 25
$737.5M
$1.5B
Q2 25
$838.8M
$260.8M
Q1 25
$2.0B
Q4 24
$1.2B
Q3 24
$657.9M
$1.2B
Q2 24
$701.5M
Q1 24
$1.6B
Net Profit
ATO
ATO
BNTX
BNTX
Q4 25
$403.0M
Q3 25
$174.9M
$-28.7M
Q2 25
$186.4M
$-386.6M
Q1 25
$485.6M
Q4 24
$351.9M
Q3 24
$134.0M
$198.1M
Q2 24
$165.6M
Q1 24
$432.0M
Gross Margin
ATO
ATO
BNTX
BNTX
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
BNTX
BNTX
Q4 25
38.3%
Q3 25
29.8%
-3.1%
Q2 25
30.1%
-192.1%
Q1 25
32.2%
Q4 24
39.1%
Q3 24
28.1%
0.8%
Q2 24
31.4%
Q1 24
33.4%
Net Margin
ATO
ATO
BNTX
BNTX
Q4 25
30.0%
Q3 25
23.7%
-1.9%
Q2 25
22.2%
-148.2%
Q1 25
24.9%
Q4 24
29.9%
Q3 24
20.4%
15.9%
Q2 24
23.6%
Q1 24
26.2%
EPS (diluted)
ATO
ATO
BNTX
BNTX
Q4 25
$2.44
Q3 25
$1.04
Q2 25
$1.16
Q1 25
$3.03
Q4 24
$2.23
Q3 24
$0.82
Q2 24
$1.08
Q1 24
$2.85

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATO
ATO
BNTX
BNTX
Q4 25
$367.0M
Q3 25
$202.7M
Q2 25
$709.4M
Q1 25
$543.5M
Q4 24
$584.5M
Q3 24
$307.3M
Q2 24
$674.6M
Q1 24
$262.5M
Total Debt
ATO
ATO
BNTX
BNTX
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
BNTX
BNTX
Q4 25
$14.3B
Q3 25
$13.6B
Q2 25
$13.4B
Q1 25
$13.1B
Q4 24
$12.8B
Q3 24
$12.2B
Q2 24
$12.2B
Q1 24
$11.6B
Total Assets
ATO
ATO
BNTX
BNTX
Q4 25
$29.8B
Q3 25
$28.2B
Q2 25
$27.7B
Q1 25
$27.0B
Q4 24
$26.5B
Q3 24
$25.2B
Q2 24
$24.9B
Q1 24
$24.0B
Debt / Equity
ATO
ATO
BNTX
BNTX
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
BNTX
BNTX
Operating Cash FlowLast quarter
$308.1M
Free Cash FlowOCF − Capex
$-725.3M
FCF MarginFCF / Revenue
-54.0%
Capex IntensityCapex / Revenue
77.0%
Cash ConversionOCF / Net Profit
0.76×
TTM Free Cash FlowTrailing 4 quarters
$-1.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATO
ATO
BNTX
BNTX
Q4 25
$308.1M
Q3 25
$348.1M
Q2 25
$496.4M
Q1 25
$922.9M
Q4 24
$282.0M
Q3 24
$330.7M
Q2 24
$411.2M
Q1 24
$746.6M
Free Cash Flow
ATO
ATO
BNTX
BNTX
Q4 25
$-725.3M
Q3 25
$-615.5M
Q2 25
$-370.6M
Q1 25
$83.3M
Q4 24
$-609.2M
Q3 24
$-477.3M
Q2 24
$-302.4M
Q1 24
$100.7M
FCF Margin
ATO
ATO
BNTX
BNTX
Q4 25
-54.0%
Q3 25
-83.5%
Q2 25
-44.2%
Q1 25
4.3%
Q4 24
-51.8%
Q3 24
-72.5%
Q2 24
-43.1%
Q1 24
6.1%
Capex Intensity
ATO
ATO
BNTX
BNTX
Q4 25
77.0%
Q3 25
130.7%
Q2 25
103.4%
Q1 25
43.0%
Q4 24
75.8%
Q3 24
122.8%
Q2 24
101.7%
Q1 24
39.2%
Cash Conversion
ATO
ATO
BNTX
BNTX
Q4 25
0.76×
Q3 25
1.99×
Q2 25
2.66×
Q1 25
1.90×
Q4 24
0.80×
Q3 24
2.47×
Q2 24
2.48×
Q1 24
1.73×

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%

BNTX
BNTX

Segment breakdown not available.

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