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Side-by-side financial comparison of Atmos Energy (ATO) and Trade Desk (The) (TTD). Click either name above to swap in a different company.

Atmos Energy is the larger business by last-quarter revenue ($1.3B vs $688.9M, roughly 1.9× Trade Desk (The)). Atmos Energy runs the higher net margin — 30.0% vs 5.8%, a 24.2% gap on every dollar of revenue. On growth, Atmos Energy posted the faster year-over-year revenue change (14.2% vs 11.9%). Over the past eight quarters, Trade Desk (The)'s revenue compounded faster (8.6% 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.

The Trade Desk, Inc. is an American multinational technology company that specializes in real-time programmatic marketing automation technologies, products, and services, designed to personalize digital content delivery to users.

ATO vs TTD — Head-to-Head

Bigger by revenue
ATO
ATO
1.9× larger
ATO
$1.3B
$688.9M
TTD
Growing faster (revenue YoY)
ATO
ATO
+2.3% gap
ATO
14.2%
11.9%
TTD
Higher net margin
ATO
ATO
24.2% more per $
ATO
30.0%
5.8%
TTD
Faster 2-yr revenue CAGR
TTD
TTD
Annualised
TTD
8.6%
-9.7%
ATO

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ATO
ATO
TTD
TTD
Revenue
$1.3B
$688.9M
Net Profit
$403.0M
$40.0M
Gross Margin
Operating Margin
38.3%
9.7%
Net Margin
30.0%
5.8%
Revenue YoY
14.2%
11.9%
Net Profit YoY
14.5%
-21.6%
EPS (diluted)
$2.44
$0.08

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
TTD
TTD
Q1 26
$688.9M
Q4 25
$1.3B
$846.8M
Q3 25
$737.5M
$739.4M
Q2 25
$838.8M
$694.0M
Q1 25
$2.0B
$616.0M
Q4 24
$1.2B
$741.0M
Q3 24
$657.9M
$628.0M
Q2 24
$701.5M
$584.5M
Net Profit
ATO
ATO
TTD
TTD
Q1 26
$40.0M
Q4 25
$403.0M
$186.9M
Q3 25
$174.9M
$115.5M
Q2 25
$186.4M
$90.1M
Q1 25
$485.6M
$50.7M
Q4 24
$351.9M
$182.2M
Q3 24
$134.0M
$94.2M
Q2 24
$165.6M
$85.0M
Gross Margin
ATO
ATO
TTD
TTD
Q1 26
Q4 25
80.7%
Q3 25
78.1%
Q2 25
78.2%
Q1 25
60.0%
76.8%
Q4 24
80.1%
81.7%
Q3 24
80.5%
Q2 24
81.1%
Operating Margin
ATO
ATO
TTD
TTD
Q1 26
9.7%
Q4 25
38.3%
30.3%
Q3 25
29.8%
21.8%
Q2 25
30.1%
16.8%
Q1 25
32.2%
8.8%
Q4 24
39.1%
26.4%
Q3 24
28.1%
17.3%
Q2 24
31.4%
16.2%
Net Margin
ATO
ATO
TTD
TTD
Q1 26
5.8%
Q4 25
30.0%
22.1%
Q3 25
23.7%
15.6%
Q2 25
22.2%
13.0%
Q1 25
24.9%
8.2%
Q4 24
29.9%
24.6%
Q3 24
20.4%
15.0%
Q2 24
23.6%
14.5%
EPS (diluted)
ATO
ATO
TTD
TTD
Q1 26
$0.08
Q4 25
$2.44
$0.39
Q3 25
$1.04
$0.23
Q2 25
$1.16
$0.18
Q1 25
$3.03
$0.10
Q4 24
$2.23
$0.36
Q3 24
$0.82
$0.19
Q2 24
$1.08
$0.17

Balance Sheet & Financial Strength

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

Metric
ATO
ATO
TTD
TTD
Cash + ST InvestmentsLiquidity on hand
$367.0M
$878.4M
Total DebtLower is stronger
$9.6B
Stockholders' EquityBook value
$14.3B
$2.5B
Total Assets
$29.8B
$5.7B
Debt / EquityLower = less leverage
0.67×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATO
ATO
TTD
TTD
Q1 26
$878.4M
Q4 25
$367.0M
$1.3B
Q3 25
$202.7M
$1.4B
Q2 25
$709.4M
$1.7B
Q1 25
$543.5M
$1.7B
Q4 24
$584.5M
$1.9B
Q3 24
$307.3M
$1.7B
Q2 24
$674.6M
$1.5B
Total Debt
ATO
ATO
TTD
TTD
Q1 26
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
Stockholders' Equity
ATO
ATO
TTD
TTD
Q1 26
$2.5B
Q4 25
$14.3B
$2.5B
Q3 25
$13.6B
$2.6B
Q2 25
$13.4B
$2.7B
Q1 25
$13.1B
$2.7B
Q4 24
$12.8B
$2.9B
Q3 24
$12.2B
$2.6B
Q2 24
$12.2B
$2.4B
Total Assets
ATO
ATO
TTD
TTD
Q1 26
$5.7B
Q4 25
$29.8B
$6.2B
Q3 25
$28.2B
$5.9B
Q2 25
$27.7B
$6.0B
Q1 25
$27.0B
$5.7B
Q4 24
$26.5B
$6.1B
Q3 24
$25.2B
$5.5B
Q2 24
$24.9B
$5.2B
Debt / Equity
ATO
ATO
TTD
TTD
Q1 26
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×

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
TTD
TTD
Operating Cash FlowLast quarter
$308.1M
$391.8M
Free Cash FlowOCF − Capex
$-725.3M
FCF MarginFCF / Revenue
-54.0%
Capex IntensityCapex / Revenue
77.0%
Cash ConversionOCF / Net Profit
0.76×
9.80×
TTM Free Cash FlowTrailing 4 quarters
$-1.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATO
ATO
TTD
TTD
Q1 26
$391.8M
Q4 25
$308.1M
$311.6M
Q3 25
$348.1M
$224.7M
Q2 25
$496.4M
$165.0M
Q1 25
$922.9M
$291.4M
Q4 24
$282.0M
$199.4M
Q3 24
$330.7M
$273.3M
Q2 24
$411.2M
$81.3M
Free Cash Flow
ATO
ATO
TTD
TTD
Q1 26
Q4 25
$-725.3M
$285.3M
Q3 25
$-615.5M
$158.3M
Q2 25
$-370.6M
$119.8M
Q1 25
$83.3M
$232.3M
Q4 24
$-609.2M
$179.2M
Q3 24
$-477.3M
$224.6M
Q2 24
$-302.4M
$59.1M
FCF Margin
ATO
ATO
TTD
TTD
Q1 26
Q4 25
-54.0%
33.7%
Q3 25
-83.5%
21.4%
Q2 25
-44.2%
17.3%
Q1 25
4.3%
37.7%
Q4 24
-51.8%
24.2%
Q3 24
-72.5%
35.8%
Q2 24
-43.1%
10.1%
Capex Intensity
ATO
ATO
TTD
TTD
Q1 26
Q4 25
77.0%
3.1%
Q3 25
130.7%
9.0%
Q2 25
103.4%
6.5%
Q1 25
43.0%
9.6%
Q4 24
75.8%
2.7%
Q3 24
122.8%
7.8%
Q2 24
101.7%
3.8%
Cash Conversion
ATO
ATO
TTD
TTD
Q1 26
9.80×
Q4 25
0.76×
1.67×
Q3 25
1.99×
1.94×
Q2 25
2.66×
1.83×
Q1 25
1.90×
5.75×
Q4 24
0.80×
1.09×
Q3 24
2.47×
2.90×
Q2 24
2.48×
0.96×

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%

TTD
TTD

Segment breakdown not available.

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