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Side-by-side financial comparison of Atmos Energy (ATO) and StoneX Group Inc. (SNEX). Click either name above to swap in a different company.

Atmos Energy is the larger business by last-quarter revenue ($1.3B vs $1.2B, roughly 1.1× StoneX Group Inc.). Atmos Energy runs the higher net margin — 30.0% vs 11.6%, a 18.4% gap on every dollar of revenue. On growth, StoneX Group Inc. posted the faster year-over-year revenue change (81.0% vs 14.2%). Atmos Energy produced more free cash flow last quarter ($-725.3M vs $-1.3B). Over the past eight quarters, StoneX Group Inc.'s revenue compounded faster (53.5% 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.

StoneX Group Inc. is an American financial services company. The company operates in six areas: commercial hedging, global payments, securities, physical commodities, foreign exchange and clearing and execution services (CES).

ATO vs SNEX — Head-to-Head

Bigger by revenue
ATO
ATO
1.1× larger
ATO
$1.3B
$1.2B
SNEX
Growing faster (revenue YoY)
SNEX
SNEX
+66.9% gap
SNEX
81.0%
14.2%
ATO
Higher net margin
ATO
ATO
18.4% more per $
ATO
30.0%
11.6%
SNEX
More free cash flow
ATO
ATO
$551.6M more FCF
ATO
$-725.3M
$-1.3B
SNEX
Faster 2-yr revenue CAGR
SNEX
SNEX
Annualised
SNEX
53.5%
-9.7%
ATO

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ATO
ATO
SNEX
SNEX
Revenue
$1.3B
$1.2B
Net Profit
$403.0M
$139.0M
Gross Margin
Operating Margin
38.3%
15.4%
Net Margin
30.0%
11.6%
Revenue YoY
14.2%
81.0%
Net Profit YoY
14.5%
63.3%
EPS (diluted)
$2.44
$2.50

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
SNEX
SNEX
Q4 25
$1.3B
$1.2B
Q3 25
$737.5M
$32.7B
Q2 25
$838.8M
$851.2M
Q1 25
$2.0B
$820.4M
Q4 24
$1.2B
$663.1M
Q3 24
$657.9M
$31.1B
Q2 24
$701.5M
$571.8M
Q1 24
$1.6B
$509.2M
Net Profit
ATO
ATO
SNEX
SNEX
Q4 25
$403.0M
$139.0M
Q3 25
$174.9M
$85.7M
Q2 25
$186.4M
$63.4M
Q1 25
$485.6M
$71.7M
Q4 24
$351.9M
$85.1M
Q3 24
$134.0M
$76.7M
Q2 24
$165.6M
$61.9M
Q1 24
$432.0M
$53.1M
Gross Margin
ATO
ATO
SNEX
SNEX
Q4 25
Q3 25
3.7%
Q2 25
Q1 25
60.0%
Q4 24
80.1%
Q3 24
3.0%
Q2 24
Q1 24
62.1%
Operating Margin
ATO
ATO
SNEX
SNEX
Q4 25
38.3%
15.4%
Q3 25
29.8%
0.3%
Q2 25
30.1%
-1.3%
Q1 25
32.2%
-1.0%
Q4 24
39.1%
-3.2%
Q3 24
28.1%
-0.0%
Q2 24
31.4%
-4.7%
Q1 24
33.4%
-2.5%
Net Margin
ATO
ATO
SNEX
SNEX
Q4 25
30.0%
11.6%
Q3 25
23.7%
0.3%
Q2 25
22.2%
7.4%
Q1 25
24.9%
8.7%
Q4 24
29.9%
12.8%
Q3 24
20.4%
0.2%
Q2 24
23.6%
10.8%
Q1 24
26.2%
10.4%
EPS (diluted)
ATO
ATO
SNEX
SNEX
Q4 25
$2.44
$2.50
Q3 25
$1.04
$0.72
Q2 25
$1.16
$1.22
Q1 25
$3.03
$1.41
Q4 24
$2.23
$1.69
Q3 24
$0.82
$2.32
Q2 24
$1.08
$1.25
Q1 24
$2.85
$1.09

Balance Sheet & Financial Strength

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

Metric
ATO
ATO
SNEX
SNEX
Cash + ST InvestmentsLiquidity on hand
$367.0M
$1.6B
Total DebtLower is stronger
$9.6B
Stockholders' EquityBook value
$14.3B
$2.5B
Total Assets
$29.8B
$47.8B
Debt / EquityLower = less leverage
0.67×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATO
ATO
SNEX
SNEX
Q4 25
$367.0M
$1.6B
Q3 25
$202.7M
$1.6B
Q2 25
$709.4M
$1.3B
Q1 25
$543.5M
$1.3B
Q4 24
$584.5M
$1.4B
Q3 24
$307.3M
$1.3B
Q2 24
$674.6M
$1.2B
Q1 24
$262.5M
$1.3B
Total Debt
ATO
ATO
SNEX
SNEX
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
SNEX
SNEX
Q4 25
$14.3B
$2.5B
Q3 25
$13.6B
$2.4B
Q2 25
$13.4B
$2.0B
Q1 25
$13.1B
$1.9B
Q4 24
$12.8B
$1.8B
Q3 24
$12.2B
$1.7B
Q2 24
$12.2B
$1.6B
Q1 24
$11.6B
$1.5B
Total Assets
ATO
ATO
SNEX
SNEX
Q4 25
$29.8B
$47.8B
Q3 25
$28.2B
$45.3B
Q2 25
$27.7B
$34.3B
Q1 25
$27.0B
$31.3B
Q4 24
$26.5B
$29.6B
Q3 24
$25.2B
$27.5B
Q2 24
$24.9B
$25.9B
Q1 24
$24.0B
$25.7B
Debt / Equity
ATO
ATO
SNEX
SNEX
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
SNEX
SNEX
Operating Cash FlowLast quarter
$308.1M
$-1.3B
Free Cash FlowOCF − Capex
$-725.3M
$-1.3B
FCF MarginFCF / Revenue
-54.0%
-106.4%
Capex IntensityCapex / Revenue
77.0%
1.3%
Cash ConversionOCF / Net Profit
0.76×
-9.08×
TTM Free Cash FlowTrailing 4 quarters
$-1.6B
$3.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATO
ATO
SNEX
SNEX
Q4 25
$308.1M
$-1.3B
Q3 25
$348.1M
$3.5B
Q2 25
$496.4M
$1.5B
Q1 25
$922.9M
$-154.5M
Q4 24
$282.0M
$-477.8M
Q3 24
$330.7M
$192.6M
Q2 24
$411.2M
$-622.1M
Q1 24
$746.6M
$784.0M
Free Cash Flow
ATO
ATO
SNEX
SNEX
Q4 25
$-725.3M
$-1.3B
Q3 25
$-615.5M
$3.5B
Q2 25
$-370.6M
$1.5B
Q1 25
$83.3M
$-169.8M
Q4 24
$-609.2M
$-491.4M
Q3 24
$-477.3M
$175.9M
Q2 24
$-302.4M
$-640.5M
Q1 24
$100.7M
$766.6M
FCF Margin
ATO
ATO
SNEX
SNEX
Q4 25
-54.0%
-106.4%
Q3 25
-83.5%
10.7%
Q2 25
-44.2%
173.3%
Q1 25
4.3%
-20.7%
Q4 24
-51.8%
-74.1%
Q3 24
-72.5%
0.6%
Q2 24
-43.1%
-112.0%
Q1 24
6.1%
150.5%
Capex Intensity
ATO
ATO
SNEX
SNEX
Q4 25
77.0%
1.3%
Q3 25
130.7%
0.1%
Q2 25
103.4%
1.9%
Q1 25
43.0%
1.9%
Q4 24
75.8%
2.1%
Q3 24
122.8%
0.1%
Q2 24
101.7%
3.2%
Q1 24
39.2%
3.4%
Cash Conversion
ATO
ATO
SNEX
SNEX
Q4 25
0.76×
-9.08×
Q3 25
1.99×
41.18×
Q2 25
2.66×
23.52×
Q1 25
1.90×
-2.15×
Q4 24
0.80×
-5.61×
Q3 24
2.47×
2.51×
Q2 24
2.48×
-10.05×
Q1 24
1.73×
14.76×

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%

SNEX
SNEX

Segment breakdown not available.

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