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TXNM Energy, Inc. (TXNM) 10-Year Financial Performance & Capital Metrics

TXNM • • Utilities
UtilitiesElectric UtilitiesRegional Electric UtilitiesSingle-State Electric Utilities
AboutTXNM Energy, Inc., through its subsidiaries, provides electricity and electric services in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. The PNM segment engages in the generation, transmission, and distribution of electricity. The segment owns and leases communications, office and other equipment, office space, vehicles, and real estate. It generates electricity using coal, natural gas and oil, and nuclear fuel and waste, as well as solar, wind, geothermal, and battery storage energy sources. The TNMP segment provides regulated transmission and distribution services. The segment also owns and leases vehicles, service facilities, and office locations throughout its service territory. The company serves residential, commercial, and industrial customers and end-users of electricity in New Mexico and Texas. The company was formerly known as PNM Resources, Inc and changed its name to TXNM Energy, Inc. in August 2024. TXNM Energy, Inc. was founded in 1882 and is based in Albuquerque, New Mexico.Show more
  • Revenue $1.97B +1.7%
  • EBITDA $885M +34.8%
  • Net Income $243M +174.7%
  • Free Cash Flow -$739M -40.8%
  • EBITDA Margin 44.92% +32.6%
  • Net Margin 12.31% +170.2%
  • ROE 9.7% +156.1%
  • Interest Coverage 2.03 +27.3%
  • Debt/Equity 2.25 +8.5%
  • Net Debt/EBITDA 6.58 -13.4%
  • CapEx / Revenue 63.26% +14.0%
  • CapEx Coverage 0.41 -20.5%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y profit CAGR of 25.5%
  • ✓Healthy dividend yield of 2.6%
  • ✓Trading near 52-week high

✗Weaknesses

  • ✗High debt to equity ratio of 2.2x
  • ✗High leverage: 6.6x Debt/EBITDA

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y6.22%
3Y3.46%
TTM10.65%

Profit (Net Income) CAGR

10Y-
5Y25.52%
3Y7.32%
TTM0.4%

EPS CAGR

10Y-
5Y22.61%
3Y5.56%
TTM-1.77%

ROCE

10Y Avg4.2%
5Y Avg4.16%
3Y Avg4.27%
Latest4.83%

Peer Comparison

Single-State Electric Utilities
Select Columns
Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
Safety & Leverage
TTM Growth
Famous Investor Metrics
Dividends
Latest Quarter
Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
IDAIDACORP, Inc.7.17B132.7324.133.41%17.59%9.11%0.92
TXNMTXNM Energy, Inc.6.43B59.0322.111.65%8.41%5.11%2.25
EVRGEvergy, Inc.17.45B75.7819.996.17%14.41%8.4%1.41
OGEOGE Energy Corp.9.01B43.7219.9611.63%15.28%10.49%1.19
EIXEdison International23.67B61.5218.597.72%17.61%16.48%2.13
PNWPinnacle West Capital Corporation11.09B92.6917.699.13%11.2%8.24%1.61
PORPortland General Electric Company5.55B49.3016.3817.69%8.82%7.67%1.36
PCGPacific Gas & Electric Co.34.68B15.7813.72-0.04%10.93%8.4%1.92

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Revenue+1.46B1.52B1.78B2.25B1.94B1.97B
Revenue Growth %-0.04%0.17%0.26%-0.14%0.02%
Cost of Revenue892.93M938.67M1.15B1.53B1.31B1.16B
Gross Profit+564.58M584.24M625.65M714.73M627.1M810.16M
Gross Margin %------
Gross Profit Growth %-0.03%0.07%0.14%-0.12%0.29%
Operating Expenses+269.28M297.86M316.3M320.14M323.84M347.7M
Other Operating Expenses------
EBITDA+596.36M601.05M629.56M735.72M656.96M885.48M
EBITDA Margin %------
EBITDA Growth %-0.01%0.05%0.17%-0.11%0.35%
Depreciation & Amortization+301.07M314.67M320.21M341.12M353.69M423.01M
D&A / Revenue %------
Operating Income (EBIT)+295.3M286.38M309.35M394.59M303.26M462.47M
Operating Margin %------
Operating Income Growth %--0.03%0.08%0.28%-0.23%0.52%
Interest Expense+121.02M114.39M96.88M127.91M190.35M228.07M
Interest Coverage2.44x2.50x3.19x3.08x1.59x2.03x
Interest / Revenue %------
Non-Operating Income-1000K-1000K-1000K-1000K-1000K-1000K
Pretax Income+66.85M207.95M244.43M211.31M90.53M280.24M
Pretax Margin %------
Income Tax+-25.28M20.64M32.58M26.13M-16.35M21.52M
Effective Tax Rate %------
Net Income+77.89M173.3M196.36M170.06M88.35M242.68M
Net Margin %------
Net Income Growth %-1.22%0.13%-0.13%-0.48%1.75%
EPS (Diluted)+0.962.152.271.971.022.67
EPS Growth %-1.23%0.06%-0.13%-0.48%1.62%
EPS (Basic)0.972.162.281.971.022.67
Diluted Shares Outstanding80.3M80.3M86.11M86.17M86.37M90.59M

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Assets+7.69B8.33B9.02B9.63B10.59B11.55B
Asset Growth %-0.08%0.08%0.07%0.1%0.09%
PP&E (Net)+5.61B6.09B6.86B7.06B7.82B8.74B
PP&E / Total Assets %------
Total Current Assets+294.01M377.48M324.6M410.98M475.54M498.84M
Cash & Equivalents3.83M47.93M1.1M4.08M2.21M4.5M
Receivables1000K1000K1000K1000K1000K1000K
Inventory77.93M66.42M65.06M66.73M98.03M166.86M
Other Current Assets51.84M64.75M16.42M51.89M81.97M57.58M
Long-Term Investments454.35M531.05M552.55M508.27M565.88M493.37M
Goodwill278.3M278.3M278.3M278.3M278.3M278.3M
Intangible Assets000000
Other Assets662.44M658.67M653.59M1B1.11B1.2B
Total Liabilities5.94B6.21B6.78B7.37B8.18B8.95B
Total Debt+3.34B3.46B3.87B4.39B4.99B5.83B
Net Debt3.33B3.41B3.87B4.39B4.99B5.82B
Long-Term Debt2.52B2.72B3.52B3.89B4.24B4.31B
Short-Term Borrowings1000K1000K1000K1000K1000K1000K
Capital Lease Obligations0108.53M83.21M60.12M179.27M269.67M
Total Current Liabilities+967.48M977.66M664.21M890.37M1.23B1.78B
Accounts Payable103.12M169.32M172.59M215.71M205.18M204.47M
Accrued Expenses000000
Deferred Revenue000000
Other Current Liabilities158.29M168.9M216.55M231.72M462.47M326.31M
Deferred Taxes1000K1000K1000K1000K1000K1000K
Other Liabilities1.14B1.09B1.09B1.01B1.04B1.02B
Total Equity+1.75B2.12B2.23B2.26B2.41B2.59B
Equity Growth %-0.21%0.05%0.01%0.07%0.08%
Shareholders Equity1.69B2.06B2.18B2.2B2.36B2.55B
Minority Interest63.05M59.01M55.41M52.99M49.96M46.9M
Common Stock1.15B1.43B1.43B1.43B1.62B1.72B
Additional Paid-in Capital000000
Retained Earnings627.52M698.71M810.2M828.88M787.11M887.65M
Accumulated OCI-99.38M-79.18M-71.94M-66.05M-62.84M-75.71M
Return on Assets (ROA)0.01%0.02%0.02%0.02%0.01%0.02%
Return on Equity (ROE)0.04%0.09%0.09%0.08%0.04%0.1%
Debt / Equity1.90x1.63x1.73x1.95x2.07x2.25x
Debt / Assets0.43%0.41%0.43%0.46%0.47%0.5%
Net Debt / EBITDA5.59x5.67x6.14x5.97x7.59x6.58x
Book Value per Share21.8326.425.9526.1927.9128.64

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+503.16M485.7M547.87M567.28M551.17M508.16M
Operating CF Growth %--0.03%0.13%0.04%-0.03%-0.08%
Operating CF / Revenue %------
Net Income92.13M173.3M196.36M170.06M106.88M242.68M
Depreciation & Amortization301.07M314.67M320.21M341.12M353.69M423.01M
Deferred Taxes-25.39M20.41M30.75M24.53M-13.51M43.05M
Other Non-Cash Items114.42M-14.24M-7.93M82.89M38.5M-20M
Working Capital Changes14.51M-16.57M-961K-59.14M58.42M-190.06M
Capital Expenditures+-616.27M-679.03M-935.02M-912.56M-1.08B-1.25B
CapEx / Revenue %------
CapEx / D&A------
CapEx Coverage (OCF/CapEx)------
Cash from Investing+-673.9M-733.8M-952.26M-950.35M-1.09B-1.17B
Acquisitions000032.65M2.84M
Purchase of Investments-552.12M-630.84M-477.67M-564.91M-619.49M-769.36M
Sale of Investments1000K1000K1000K1000K1000K1000K
Other Investing-37K-14.93M-9K674K44K14.91M
Cash from Financing+172.45M292.19M357.56M386.04M537.1M684.35M
Dividends Paid-92.93M-98.5M-112.97M-119.84M-126.7M-140.34M
Dividend Payout Ratio %1.19%0.57%0.58%0.7%1.43%0.58%
Debt Issuance (Net)1000K1000K1000K1000K1000K1000K
Stock Issued943K283.23M00198.18M98.6M
Share Repurchases-9.92M-11.98M-10.13M-7.98M-9.65M-8.46M
Other Financing-12.55M-17.45M44.96M-33.94M-2.72M-26.32M
Net Change in Cash+1.71M44.09M-46.82M2.97M-1.86M2.28M
Exchange Rate Effect0000-1000K-1000K
Cash at Beginning2.12M3.83M47.93M1.1M4.08M2.21M
Cash at End3.83M47.93M1.1M4.08M2.21M4.5M
Free Cash Flow+-113.11M-193.33M-387.14M-345.27M-524.64M-738.88M
FCF Growth %--0.71%-1%0.11%-0.52%-0.41%
FCF Margin %------
FCF / Net Income %------

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)4.44%8.95%9.02%7.57%3.79%9.7%
EBITDA Margin40.92%39.47%35.37%32.7%33.88%44.92%
Net Debt / EBITDA5.59x5.67x6.14x5.97x7.59x6.58x
Interest Coverage2.44x2.50x3.19x3.08x1.59x2.03x
CapEx / Revenue42.28%44.59%52.54%40.57%55.48%63.26%
Dividend Payout Ratio119.3%56.84%57.53%70.47%143.42%57.83%
Debt / Equity1.90x1.63x1.73x1.95x2.07x2.25x
EPS Growth-123.17%5.58%-13.22%-48.22%161.76%

Frequently Asked Questions

Valuation & Price

TXNM Energy, Inc. (TXNM) has a price-to-earnings (P/E) ratio of 22.1x. This is roughly in line with market averages.

Growth & Financials

TXNM Energy, Inc. (TXNM) reported $2.11B in revenue for fiscal year 2024. This represents a 45% increase from $1.46B in 2019.

TXNM Energy, Inc. (TXNM) grew revenue by 1.7% over the past year. Growth has been modest.

Yes, TXNM Energy, Inc. (TXNM) is profitable, generating $177.4M in net income for fiscal year 2024 (12.3% net margin).

Dividend & Returns

Yes, TXNM Energy, Inc. (TXNM) pays a dividend with a yield of 2.62%. This makes it attractive for income-focused investors.

TXNM Energy, Inc. (TXNM) has a return on equity (ROE) of 9.7%. This is below average, suggesting room for improvement.

TXNM Energy, Inc. (TXNM) had negative free cash flow of $642.2M in fiscal year 2024, likely due to heavy capital investments.

Industry Metrics

TXNM Energy, Inc. (TXNM) has a dividend payout ratio of 58%. This suggests the dividend is well-covered and sustainable.

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