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ATO vs. PCG: Atmos Energy vs. PG&E Stock Comparison

How do Atmos Energy (ATO) and PG&E (PCG) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Atmos Energy (ATO) and PG&E (PCG) both fall under the Utilities industry group, but ATO is classified in Gas Utilities while PCG is classified in Electric Utilities.

Company profile comparison for Atmos Energy (ATO) and PG&E (PCG)
Profile ItemATOPCG
NameAtmos Energy CorporationPG&E Corporation
Country/RegionUnited StatesUnited States
GICS SectorUtilitiesUtilities
GICS Industry GroupUtilitiesUtilities
GICS IndustryGas UtilitiesElectric Utilities
GICS Sub-IndustryGas UtilitiesElectric Utilities
Market Capitalization29.27 billion USD28.57 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateDecember 28, 1983June 1, 1972
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

ATO
PCG
GSPC
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Atmos Energy (ATO) vs. PG&E (PCG), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Atmos Energy (ATO) and PG&E (PCG). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Atmos Energy (ATO) and PG&E (PCG). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Atmos Energy (ATO) and PG&E (PCG)
MetricATOPCG
Total Return (1Y)0.43%-19.03%
Total Return (3Y, Annualized)18.83%-6.50%
Total Return (5Y, Annualized)16.10%2.05%

Risk Profile

Drawdown History

ATO
PCG
GSPC
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Atmos Energy (ATO) vs. PG&E (PCG), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Atmos Energy (ATO) and PG&E (PCG). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Atmos Energy (ATO) and PG&E (PCG)
MetricATOPCG
Volatility (1Y, Annualized)16.06%34.84%
Beta (5Y)0.550.17
Max Drawdown (5Y)-19.08%-43.92%
Avg. Volume (3M)1.03M39.33M

Risk-Adjusted Performance

Risk-Return Positioning

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ATO and PCG are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Atmos Energy (ATO) and PG&E (PCG)
MetricATOPCG
Sharpe Ratio (1Y)-0.24-0.67
Sortino Ratio (1Y)-0.34-0.81

Profitability

ROE (TTM)

Both Atmos Energy (ATO) at 9.79% and PG&E (PCG) at 8.89% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

ATO

Utilities industry group

9.79%

Max
17.99%
Q3
12.01%
ATO
9.79%
Median
9.44%
Q1
7.56%
Min
2.17%

PCG

Utilities industry group

8.89%

Max
17.99%
Q3
12.01%
Median
9.44%
PCG
8.89%
Q1
7.56%
Min
2.17%
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Atmos Energy (ATO) vs. PG&E (PCG): A comparison of their ROE against the Utilities industry group benchmark.

Net Margin (TTM)

Atmos Energy (ATO) at 28.50% retains a top-quartile share of revenue as profit, ahead of PG&E (PCG) at 11.57%, which keeps about the industry-typical share.

ATO

Utilities industry group

28.50%

Max
28.78%
ATO
28.50%
Q3
17.30%
Median
12.73%
Q1
9.18%
Min
-0.20%

PCG

Utilities industry group

11.57%

Max
28.78%
Q3
17.30%
Median
12.73%
PCG
11.57%
Q1
9.18%
Min
-0.20%
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Atmos Energy (ATO) vs. PG&E (PCG): A comparison of their net margin against the Utilities industry group benchmark.

Operating Margin (TTM)

Atmos Energy (ATO) at 37.22% operates in the top operating margin quartile, ahead of PG&E (PCG) at 23.64%, which runs around its industry’s norm.

ATO

Utilities industry group

37.22%

Max
53.83%
ATO
37.22%
Q3
31.12%
Median
23.62%
Q1
15.45%
Min
-4.90%

PCG

Utilities industry group

23.64%

Max
53.83%
Q3
31.12%
PCG
23.64%
Median
23.62%
Q1
15.45%
Min
-4.90%
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Atmos Energy (ATO) vs. PG&E (PCG): A comparison of their operating margin against the Utilities industry group benchmark.

Profitability Metrics

Profitability metrics for Atmos Energy (ATO) and PG&E (PCG)
MetricATOPCG
ROE (TTM)9.79%8.89%
ROA (TTM)3.89%2.59%
Net Margin (TTM)28.50%11.57%
Operating Margin (TTM)37.22%23.64%
Gross Margin (TTM)62.21%40.57%

Growth

Revenue Growth

Atmos Energy (ATO) at 12.91% is around its peer norm for revenue growth, while PG&E (PCG) at 2.11% drops into the bottom quartile, signaling weaker demand or pricing momentum.

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Atmos Energy (ATO) vs. PG&E (PCG): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Atmos Energy (ATO) at 9.22% and PG&E (PCG) at 2.61% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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Atmos Energy (ATO) vs. PG&E (PCG): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Atmos Energy (ATO) and PG&E (PCG)
MetricATOPCG
Revenue Growth (YoY)12.91%2.11%
Revenue Growth (3Y CAGR)3.83%4.77%
EPS Growth (YoY)9.22%2.61%
EPS Growth (3Y CAGR)10.03%12.00%

Financial Strength

Current Ratio (MRQ)

Both Atmos Energy (ATO) at 0.81 and PG&E (PCG) at 1.03 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

ATO

Utilities industry group

0.81

Max
1.90
Q3
1.17
Median
0.88
ATO
0.81
Q1
0.66
Min
0.29

PCG

Utilities industry group

1.03

Max
1.90
Q3
1.17
PCG
1.03
Median
0.88
Q1
0.66
Min
0.29
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Atmos Energy (ATO) vs. PG&E (PCG): A comparison of their current ratio against the Utilities industry group benchmark.

Debt / Equity (MRQ)

Atmos Energy (ATO) at 0.68 keeps leverage in the lower quartile, while PG&E (PCG) at 1.88 sits in the higher-leverage quartile.

ATO

Utilities industry group

0.68

Max
2.63
Q3
1.77
Median
1.35
Q1
0.84
ATO
0.68
Min
0.00

PCG

Utilities industry group

1.88

Max
2.63
PCG
1.88
Q3
1.77
Median
1.35
Q1
0.84
Min
0.00
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Atmos Energy (ATO) vs. PG&E (PCG): A comparison of their debt-to-equity ratio against the Utilities industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Atmos Energy (ATO) and PG&E (PCG)
MetricATOPCG
Current Ratio (MRQ)0.811.03
Debt / Equity (MRQ)0.681.88
Net Debt / EBITDA3.746.05

Dividends

Dividend Yield (TTM)

Both Atmos Energy (ATO) at 2.21% and PG&E (PCG) at 1.51% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

ATO

Utilities industry group

2.21%

Max
6.66%
Q3
3.58%
Median
2.85%
ATO
2.21%
Q1
0.66%
Min
0.00%

PCG

Utilities industry group

1.51%

Max
6.66%
Q3
3.58%
Median
2.85%
PCG
1.51%
Q1
0.66%
Min
0.00%
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Atmos Energy (ATO) vs. PG&E (PCG): A comparison of their dividend yield against the Utilities industry group benchmark.

Dividend Payout Ratio (TTM)

Atmos Energy (ATO) at 46.13% keeps its payout within the industry’s typical band; PG&E (PCG) at 14.81% pays out less than peers usually do, retaining more of its earnings — a policy difference more than a quality gap.

ATO

Utilities industry group

46.13%

Max
113.04%
Q3
68.72%
Median
56.38%
ATO
46.13%
Q1
32.38%
Min
0.00%

PCG

Utilities industry group

14.81%

Max
113.04%
Q3
68.72%
Median
56.38%
Q1
32.38%
PCG
14.81%
Min
0.00%
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Atmos Energy (ATO) vs. PG&E (PCG): A comparison of their payout ratio against the Utilities industry group benchmark.

Dividend Metrics

Dividend metrics for Atmos Energy (ATO) and PG&E (PCG)
MetricATOPCG
Dividend Yield (TTM)2.21%1.51%
Dividend Payout Ratio (TTM)46.13%14.81%

Valuation

P/E Ratio (TTM)

PG&E (PCG) at 9.61 sits in the cheaper P/E ratio quartile, while Atmos Energy (ATO) at 20.65 is closer to its industry’s usual earnings multiple — a discount for PCG, though growth and earnings durability still matter.

ATO

Utilities industry group

20.65

Max
31.22
Q3
23.30
ATO
20.65
Median
19.64
Q1
15.17
Min
3.34

PCG

Utilities industry group

9.61

Max
31.22
Q3
23.30
Median
19.64
Q1
15.17
PCG
9.61
Min
3.34
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Atmos Energy (ATO) vs. PG&E (PCG): A comparison of their P/E ratio against the Utilities industry group benchmark.

P/S Ratio (TTM)

PG&E (PCG) at 1.11 looks cheap on sales in the lower P/S ratio quartile, while Atmos Energy (ATO) at 5.95 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

ATO

Utilities industry group

5.95

Max
6.35
ATO
5.95
Q3
3.63
Median
2.63
Q1
1.52
Min
0.00

PCG

Utilities industry group

1.11

Max
6.35
Q3
3.63
Median
2.63
Q1
1.52
PCG
1.11
Min
0.00
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Atmos Energy (ATO) vs. PG&E (PCG): A comparison of their P/S ratio against the Utilities industry group benchmark.

P/B Ratio (MRQ)

PG&E (PCG) at 0.87 sits in the lower P/B ratio quartile against book while Atmos Energy (ATO) at 1.92 is valued near its industry’s middle — PCG is cheaper on assets, though weigh it against ROE and asset quality.

ATO

Utilities industry group

1.92

Max
3.12
Q3
2.21
ATO
1.92
Median
1.83
Q1
1.46
Min
0.34

PCG

Utilities industry group

0.87

Max
3.12
Q3
2.21
Median
1.83
Q1
1.46
PCG
0.87
Min
0.34
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Atmos Energy (ATO) vs. PG&E (PCG): A comparison of their P/B ratio against the Utilities industry group benchmark.

Valuation Metrics

Valuation metrics for Atmos Energy (ATO) and PG&E (PCG)
MetricATOPCG
P/E Ratio (TTM)20.659.61
P/S Ratio (TTM)5.951.11
P/B Ratio (MRQ)1.920.87
Free Cash Flow Yield (TTM)-7.59%-22.73%