8-K Announcements
6Mar 31, 2026·SEC
Mar 3, 2026·SEC
Mar 3, 2026·SEC
TXNM Energy, Inc. (TXNM) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
TXNM Energy, Inc. (TXNM) stock price & volume — 10-year historical chart
TXNM Energy, Inc. (TXNM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
TXNM Energy, Inc. (TXNM) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 1, 2026 | $0.21vs $0.30-30.6% | $505Mvs $506M-0.2% |
| Q1 2026 | Feb 27, 2026 | $0.48vs $0.64-25.2% | $533Mvs $505M+5.6% |
| Q4 2025 | Oct 31, 2025 | $1.33vs $0.60+120.9% | $647Mvs $593M+9.1% |
| Q3 2025 | Aug 1, 2025 | $0.25vs $0.46-45.7% | $502Mvs $609M-17.5% |
TXNM Energy, Inc. (TXNM) competitors in Vertically integrated electric utilities — business model, growth, and fundamentals comparison
TXNM Energy, Inc. (TXNM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TXNM Energy, Inc. (TXNM) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.46B | 1.52B | 1.78B | 2.25B | 1.94B | 1.97B | 2.17B | 1.68B |
| Revenue Growth % | - | 4.49% | 16.87% | 26.4% | -13.8% | 1.65% | 9.86% | -16.57% |
| Cost of Revenue | 892.93M | 938.67M | 1.15B | 1.53B | 1.31B | 1.16B | 1.34B | 1.02B |
| Gross Profit | 564.58M▲ 0% | 584.24M▲ 3.5% | 625.65M▲ 7.1% | 714.73M▲ 14.2% | 627.1M▼ 12.3% | 810.16M▲ 29.2% | 824.79M▲ 1.8% | 665.79M▲ 0% |
| Gross Margin % | 38.74% | 38.36% | 35.15% | 31.77% | 32.34% | 41.1% | 38.09% | 39.56% |
| Gross Profit Growth % | - | 3.48% | 7.09% | 14.24% | -12.26% | 29.19% | 1.81% | - |
| Operating Expenses | 269.28M | 297.86M | 316.3M | 320.14M | 323.84M | 347.7M | 384.35M | 725.2M |
| Other Operating Expenses | - | - | - | - | - | - | - | - |
| EBITDA | 596.36M | 601.05M | 629.56M | 735.72M | 656.96M | 885.48M | 866.82M | 869.23M |
| EBITDA Margin % | 40.92% | 39.47% | 35.37% | 32.7% | 33.88% | 44.92% | 40.03% | 51.65% |
| EBITDA Growth % | - | 0.79% | 4.74% | 16.86% | -10.71% | 34.78% | -2.11% | -1.63% |
| Depreciation & Amortization | 301.07M | 314.67M | 320.21M | 341.12M | 353.69M | 423.01M | 425.64M | 423.66M |
| D&A / Revenue % | 20.66% | 20.66% | 17.99% | 15.16% | 18.24% | 21.46% | 19.65% | 25.18% |
| Operating Income (EBIT) | 295.3M▲ 0% | 286.38M▼ 3.0% | 309.35M▲ 8.0% | 394.59M▲ 27.6% | 303.26M▼ 23.1% | 462.47M▲ 52.5% | 441.18M▼ 4.6% | 445.57M▲ 0% |
| Operating Margin % | 20.26% | 18.8% | 17.38% | 17.54% | 15.64% | 23.46% | 20.37% | 26.48% |
| Operating Income Growth % | - | -3.02% | 8.02% | 27.56% | -23.15% | 52.5% | -4.6% | - |
| Interest Expense | 121.02M | 114.39M | 96.88M | 127.91M | 190.35M | 228.07M | 335M | 4M |
| Interest Coverage | 1.60x | 2.84x | 3.55x | 2.67x | 1.44x | 2.22x | 1.54x | - |
| Interest / Revenue % | 8.3% | 7.51% | 5.44% | 5.69% | 9.82% | 11.57% | 15.47% | 0.24% |
| Non-Operating Income | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -4M |
| Pretax Income | 66.85M▲ 0% | 207.95M▲ 211.1% | 244.43M▲ 17.5% | 211.31M▼ 13.5% | 90.53M▼ 57.2% | 280.24M▲ 209.6% | 180.01M▼ 35.8% | 174.19M▲ 0% |
| Pretax Margin % | 4.59% | 13.65% | 13.73% | 9.39% | 4.67% | 14.22% | 8.31% | 10.35% |
| Income Tax | -25.28M | 20.64M | 32.58M | 26.13M | -16.35M | 21.52M | 10.19M | 13.43M |
| Effective Tax Rate % | -37.82% | 9.92% | 13.33% | 12.37% | -18.06% | 7.68% | 5.66% | 7.71% |
| Net Income | 77.89M▲ 0% | 173.3M▲ 122.5% | 196.36M▲ 13.3% | 170.06M▼ 13.4% | 88.35M▼ 48.0% | 242.68M▲ 174.7% | 151.36M▼ 37.6% | 146.57M▲ 0% |
| Net Margin % | 5.34% | 11.38% | 11.03% | 7.56% | 4.56% | 12.31% | 6.99% | 8.71% |
| Net Income Growth % | - | 122.5% | 13.3% | -13.39% | -48.05% | 174.69% | -37.63% | -28.3% |
| EPS (Diluted) | 0.96▲ 0% | 2.15▲ 123.2% | 2.27▲ 5.6% | 1.97▼ 13.2% | 1.02▼ 48.2% | 2.67▲ 161.8% | 1.62▼ 39.3% | -▲ 0% |
| EPS Growth % | - | 123.17% | 5.58% | -13.22% | -48.22% | 161.76% | -39.33% | -39% |
| EPS (Basic) | 0.97 | 2.16 | 2.28 | 1.97 | 1.02 | 2.67 | 1.63 | - |
| Diluted Shares Outstanding | 80.3M | 80.3M | 86.11M | 86.17M | 86.37M | 90.59M | 93.18M | 0 |
TXNM Energy, Inc. (TXNM) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Total Assets | 7.69B | 8.33B | 9.02B | 9.63B | 10.59B | 11.55B | 4.35B | 0 |
| Asset Growth % | - | 8.31% | 8.2% | 6.76% | 10.03% | 9.04% | -62.37% | -141.65% |
| PP&E (Net) | 5.61B | 6.09B | 6.86B | 7.06B | 7.82B | 8.74B | 21.1M | 0 |
| PP&E / Total Assets % | 72.92% | 73.14% | 76.06% | 73.3% | 73.85% | 75.67% | 0.49% | - |
| Total Current Assets | 294.01M | 377.48M | 324.6M | 410.98M | 475.54M | 498.84M | 12.57M | 0 |
| Cash & Equivalents | 3.83M | 47.93M | 1.1M | 4.08M | 2.21M | 4.5M | 1.62M | 0 |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 |
| Inventory | 77.93M | 66.42M | 65.06M | 66.73M | 98.03M | 166.86M | 0 | 0 |
| Other Current Assets | 51.84M | 64.75M | 16.42M | 51.89M | 81.97M | 57.58M | 10.95M | 0 |
| Long-Term Investments | 454.35M | 531.05M | 552.55M | 508.27M | 565.88M | 493.37M | 0 | 984.91M |
| Goodwill | 278.3M | 278.3M | 278.3M | 278.3M | 278.3M | 278.3M | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 662.44M | 658.67M | 653.59M | 1B | 1.11B | 1.2B | 4.31B | 0 |
| Total Liabilities | 5.94B | 6.21B | 6.78B | 7.37B | 8.18B | 8.95B | 953.99M | 8.61B |
| Total Debt | 3.34B | 3.46B | 3.87B | 4.39B | 4.99B | 5.83B | 2.6M | 614.72M |
| Net Debt | 3.33B | 3.41B | 3.87B | 4.39B | 4.99B | 5.82B | 982K | 614.72M |
| Long-Term Debt | 2.52B | 2.72B | 3.52B | 3.89B | 4.24B | 4.31B | 0 | 41.05M |
| Short-Term Borrowings | 706.07M | 639.45M | 275.07M | 442.94M | 563.11M | 1.24B | 2.6M | 573.67M |
| Capital Lease Obligations | 112.61M | 97.04M | 72.07M | 57.46M | 184.33M | 271.85M | 0 | 586.66M |
| Total Current Liabilities | 967.48M | 977.66M | 664.21M | 890.37M | 1.23B | 1.78B | 66.78M | 1.02B |
| Accounts Payable | 103.12M | 169.32M | 172.59M | 215.71M | 205.18M | 204.47M | 0 | 157.44M |
| Accrued Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 178.65M | 239.26M | 317.12M | 326.29M | 301.74M | 342.4M | 0 | 7.03M |
| Other Current Liabilities | 158.29M | 168.9M | 216.55M | 231.72M | 462.47M | 326.31M | 64.18M | 442.21M |
| Deferred Taxes | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 2.83B |
| Other Liabilities | 1.14B | 1.09B | 1.09B | 1.01B | 1.04B | 1.02B | 887.2M | 6.15B |
| Total Equity | 1.75B▲ 0% | 2.12B▲ 20.9% | 2.23B▲ 5.4% | 2.26B▲ 1.0% | 2.41B▲ 6.8% | 2.59B▲ 7.6% | 3.4B▲ 31.2% | 3.51B▲ 0% |
| Equity Growth % | - | 20.92% | 5.4% | 0.98% | 6.83% | 7.64% | 31.19% | 137.21% |
| Shareholders Equity | 1.69B | 2.06B | 2.18B | 2.2B | 2.36B | 2.55B | 3.4B | 3.46B |
| Minority Interest | 63.05M | 59.01M | 55.41M | 52.99M | 49.96M | 46.9M | 0 | 48.6M |
| Common Stock | 1.15B | 1.43B | 1.43B | 1.43B | 1.62B | 1.72B | 2.56B | 2.67B |
| Additional Paid-in Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 627.52M | 698.71M | 810.2M | 828.88M | 787.11M | 887.65M | 866.9M | 823.87M |
| Accumulated OCI | -99.38M | -79.18M | -71.94M | -66.05M | -62.84M | -75.71M | -26.82M | -26.25M |
| Return on Assets (ROA) | 1.01% | 2.16% | 2.26% | 1.82% | 0.87% | 2.19% | 1.9% | 2.09% |
| Return on Equity (ROE) | 4.44% | 8.95% | 9.02% | 7.57% | 3.79% | 9.7% | 5.05% | 4.3% |
| Debt / Equity | 1.90x | 1.63x | 1.73x | 1.95x | 2.07x | 2.25x | 0.00x | 0.00x |
| Debt / Assets | 43.36% | 41.48% | 42.89% | 45.64% | 47.11% | 50.47% | 0.06% | - |
| Net Debt / EBITDA | 5.59x | 5.67x | 6.14x | 5.97x | 7.59x | 6.58x | 0.00x | 0.00x |
| Book Value per Share | 21.83 | 26.4 | 25.95 | 26.19 | 27.91 | 28.64 | 36.53 | 36.53 |
TXNM Energy, Inc. (TXNM) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 503.16M | 485.7M | 547.87M | 567.28M | 551.17M | 508.16M | 584.49M | 584.49M |
| Operating CF Growth % | - | -3.47% | 12.8% | 3.54% | -2.84% | -7.8% | 15.02% | -121.12% |
| Operating CF / Revenue % | 34.52% | 31.89% | 30.78% | 25.22% | 28.42% | 25.78% | 26.99% | 34.73% |
| Net Income | 92.13M | 173.3M | 196.36M | 170.06M | 106.88M | 242.68M | 0 | 146.57M |
| Depreciation & Amortization | 301.07M | 314.67M | 320.21M | 341.12M | 353.69M | 423.01M | 0 | 170.9M |
| Deferred Taxes | -25.39M | 20.41M | 30.75M | 24.53M | -13.51M | 43.05M | 0 | 15.82M |
| Other Non-Cash Items | 114.42M | -14.24M | -7.93M | 82.89M | 38.5M | -20M | 678.04M | 312.33M |
| Working Capital Changes | 14.51M | -16.57M | -961K | -59.14M | 58.42M | -190.06M | -93.56M | -103.58M |
| Capital Expenditures | -616.27M | -679.03M | -935.02M | -912.56M | -1.08B | -1.25B | -1.2B | -853.3M |
| CapEx / Revenue % | 42.28% | 44.59% | 52.54% | 40.57% | 55.48% | 63.26% | 0% | 32.3% |
| CapEx / D&A | 2.05x | 2.16x | 2.92x | 2.68x | 3.04x | 2.95x | - | 3.18x |
| CapEx Coverage (OCF/CapEx) | 0.82x | 0.72x | 0.59x | 0.62x | 0.51x | 0.41x | - | 1.08x |
| Cash from Investing | -673.9M | -733.8M | -952.26M | -950.35M | -1.09B | -1.17B | -1.22B | -978.87M |
| Acquisitions | 0 | 0 | 0 | 0 | 32.65M | 2.84M | 0 | 0 |
| Purchase of Investments | -552.12M | -630.84M | -477.67M | -564.91M | -619.49M | -769.36M | 0 | -352.6M |
| Sale of Investments | 494.53M | 591M | 460.44M | 526.45M | 574.2M | 824.27M | 0 | 350.62M |
| Other Investing | -37K | -14.93M | -9K | 674K | 44K | 14.91M | -1.22B | -433.4M |
| Cash from Financing | 172.45M | 292.19M | 357.56M | 386.04M | 537.1M | 684.35M | 642.52M | 512.39M |
| Dividends Paid | -92.93M | -98.5M | -112.97M | -119.84M | -126.7M | -140.34M | -162.84M | -125.48M |
| Dividend Payout Ratio % | 119.3% | 56.84% | 57.53% | 70.47% | 143.42% | 57.83% | 107.94% | - |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K |
| Stock Issued | 943K | 283.23M | 0 | 0 | 198.18M | 98.6M | 842.74M | 842.74M |
| Share Repurchases | -9.92M | -11.98M | -10.13M | -7.98M | -9.65M | -8.46M | -11.97M | -5.67M |
| Other Financing | -12.55M | -17.45M | 44.96M | -33.94M | -2.72M | -26.32M | -100.59M | 41.6M |
| Net Change in Cash | 1.71M▲ 0% | 44.09M▲ 2477.1% | -46.82M▼ 206.2% | 2.97M▲ 106.4% | -1.86M▼ 162.6% | 2.28M▲ 222.5% | 13.76M▲ 502.6% | -9.52M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | -1.73M | -15.86M | 3.89M | -11.97M |
| Cash at Beginning | 2.12M | 3.83M | 47.93M | 1.1M | 4.08M | 2.21M | 61K | 15.25M |
| Cash at End | 3.83M | 47.93M | 1.1M | 4.08M | 2.21M | 4.5M | 1.62M | 1.64M |
| Free Cash Flow | -113.11M▲ 0% | -193.33M▼ 70.9% | -387.14M▼ 100.3% | -345.27M▲ 10.8% | -524.64M▼ 51.9% | -738.88M▼ 40.8% | -611.43M▲ 17.2% | -384.37M▲ 0% |
| FCF Growth % | - | -70.92% | -100.25% | 10.82% | -51.95% | -40.84% | 17.25% | 48.33% |
| FCF Margin % | -7.76% | -12.69% | -21.75% | -15.35% | -27.05% | -37.48% | -28.23% | -22.84% |
| FCF / Net Income % | -145.22% | -111.55% | -197.16% | -203.03% | -593.85% | -304.46% | -403.95% | -262.24% |
TXNM Energy, Inc. (TXNM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 8.95% | 9.02% | 7.57% | 3.79% | 9.7% | 5.05% | 4.3% |
| EBITDA Margin | 39.47% | 35.37% | 32.7% | 33.88% | 44.92% | 40.03% | 51.65% |
| Net Debt / EBITDA | 5.67x | 6.14x | 5.97x | 7.59x | 6.58x | 0.00x | 0.00x |
| Interest Coverage | 2.84x | 3.55x | 2.67x | 1.44x | 2.22x | 1.54x | - |
| CapEx / Revenue | 44.59% | 52.54% | 40.57% | 55.48% | 63.26% | 0% | 32.3% |
| Dividend Payout Ratio | 56.84% | 57.53% | 70.47% | 143.42% | 57.83% | 107.94% | 85.61% |
| Debt / Equity | 1.63x | 1.73x | 1.95x | 2.07x | 2.25x | 0.00x | 0.00x |
| EPS Growth | 123.17% | 5.58% | -13.22% | -48.22% | 161.76% | -39.33% | -39% |
TXNM Energy, Inc. (TXNM) SEC filings — annual & quarterly reports (10-K, 10-Q)
Mar 31, 2026·SEC
Mar 3, 2026·SEC
Mar 3, 2026·SEC
TXNM Energy, Inc. (TXNM) stock FAQ — growth, dividends, profitability & financials explained
TXNM Energy, Inc. (TXNM) reported $1.68B in revenue for fiscal year 2025. This represents a 15% increase from $1.46B in 2019.
TXNM Energy, Inc. (TXNM) grew revenue by 9.9% over the past year. This is steady growth.
Yes, TXNM Energy, Inc. (TXNM) is profitable, generating $146.6M in net income for fiscal year 2025 (7.0% net margin).
Yes, TXNM Energy, Inc. (TXNM) pays a dividend with a yield of 2.96%. This makes it attractive for income-focused investors.
TXNM Energy, Inc. (TXNM) has a return on equity (ROE) of 5.0%. This is below average, suggesting room for improvement.
TXNM Energy, Inc. (TXNM) had negative free cash flow of $384.4M in fiscal year 2025, likely due to heavy capital investments.
TXNM Energy, Inc. (TXNM) has a dividend payout ratio of 108%. The high payout ratio may limit dividend growth.
TXNM Energy, Inc. (TXNM) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates