TXNM Energy, Inc. (TXNM) Financial Ratios
7 years of historical data (2019–2025) · Utilities · Regulated Electric
EV/EBITDA
↓
7.33
↓-33% vs avg
5yr avg: 11.01
30Y Low6.3·High13.1
P/FCF
N/A
—
5yr avg: N/A
P/B Ratio
↓
1.57
-7% vs avg
5yr avg: 1.69
30Y Low1.5·High2.3
ROE
↓
5.0%
↑-28% vs avg
5yr avg: 7.0%
30Y Low4%·High10%
Debt/EBITDA
↓
0.00
↓-100% vs avg
5yr avg: 5.26
30Y Low0.0·High7.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TXNM Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
TXNM Energy, Inc. trades at 35.4x earnings, 26% above its 5-year average of 28.1x, sitting at the 57th percentile of its historical range. Compared to the Utilities sector median P/E of 19.1x, the stock trades at a premium of 85%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $6.3B | $5.5B | $4.5B | $3.6B | $4.2B | $3.9B | $3.9B | $4.1B |
| Enterprise Value | $6.4B | $5.5B | $10.3B | $8.6B | $8.6B | $7.8B | $7.3B | $7.4B |
| P/E Ratio → | 35.40 | 36.35 | 18.42 | 40.78 | 24.77 | 20.09 | 22.57 | 52.64 |
| P/S Ratio | 2.93 | 2.53 | 2.26 | 1.85 | 1.87 | 2.21 | 2.56 | 2.79 |
| P/B Ratio | 1.57 | 1.61 | 1.72 | 1.49 | 1.86 | 1.76 | 1.84 | 2.32 |
| P/FCF | — | — | — | — | — | — | — | — |
| P/OCF | 10.86 | 9.39 | 8.77 | 6.52 | 7.41 | 7.17 | 8.02 | 8.09 |
P/E links to full P/E history page with 30-year chart
TXNM EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
TXNM Energy, Inc.'s enterprise value stands at 7.3x EBITDA, 33% below its 5-year average of 11.0x. The Utilities sector median is 11.9x, placing the stock at a 38% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.53 | 5.21 | 4.42 | 3.82 | 4.38 | 4.80 | 5.08 |
| EV / EBITDA | 7.33 | 6.33 | 11.61 | 13.06 | 11.68 | 12.38 | 12.15 | 12.42 |
| EV / EBIT | 14.39 | 10.65 | 20.30 | 31.31 | 25.18 | 22.68 | 22.46 | 38.21 |
| EV / FCF | — | — | — | — | — | — | — | — |
TXNM Profitability
Margins and return-on-capital ratios measuring operating efficiency
TXNM Energy, Inc. earns an operating margin of 20.4%, roughly in line with the Utilities sector average. Operating margins have expanded from 15.6% to 20.4% over the past 3 years, signaling improving operational efficiency. ROE of 5.0% is modest, trailing the sector median of 9.3%. ROIC of 5.6% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 38.1% | 38.1% | 41.1% | 32.3% | 31.8% | 35.2% | 38.4% | 38.7% |
| Operating Margin | 20.4% | 20.4% | 23.5% | 15.6% | 17.5% | 17.4% | 18.8% | 20.3% |
| Net Profit Margin | 7.0% | 7.0% | 12.3% | 4.6% | 7.6% | 11.0% | 11.4% | 5.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | 5.0% | 5.0% | 9.7% | 3.8% | 7.6% | 9.0% | 8.9% | 4.4% |
| ROA | 1.9% | 1.9% | 2.2% | 0.9% | 1.8% | 2.3% | 2.2% | 1.0% |
| ROIC | 5.6% | 5.6% | 4.4% | 3.2% | 4.6% | 4.0% | 4.0% | 4.4% |
| ROCE | 6.3% | 6.3% | 4.8% | 3.4% | 4.6% | 3.9% | 4.1% | 4.4% |
TXNM Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
TXNM Energy, Inc. carries a Debt/EBITDA ratio of 0.0x, which is very conservative (100% below the sector average of 5.2x). Net debt stands at $982000 ($3M total debt minus $2M cash). Interest coverage of just 1.5x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.00 | 0.00 | 2.25 | 2.07 | 1.95 | 1.73 | 1.63 | 1.90 |
| Debt / EBITDA | 0.00 | 0.00 | 6.58 | 7.59 | 5.97 | 6.14 | 5.75 | 5.59 |
| Net Debt / Equity | — | 0.00 | 2.24 | 2.07 | 1.95 | 1.73 | 1.61 | 1.90 |
| Net Debt / EBITDA | 0.00 | 0.00 | 6.58 | 7.59 | 5.97 | 6.14 | 5.67 | 5.59 |
| Debt / FCF | — | — | — | — | — | — | — | — |
| Interest Coverage | 1.54 | 1.54 | 2.22 | 1.44 | 2.67 | 3.55 | 2.84 | 1.60 |
TXNM Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.19x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.39x to 0.19x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.19 | 0.19 | 0.28 | 0.39 | 0.46 | 0.49 | 0.39 | 0.30 |
| Quick Ratio | 0.19 | 0.19 | 0.19 | 0.31 | 0.39 | 0.39 | 0.32 | 0.22 |
| Cash Ratio | 0.02 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 | 0.00 |
| Asset Turnover | — | 0.50 | 0.17 | 0.18 | 0.23 | 0.20 | 0.18 | 0.19 |
| Inventory Turnover | — | — | 6.96 | 13.38 | 23.00 | 17.74 | 14.13 | 11.46 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — |
TXNM Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
TXNM Energy, Inc. returns 3.2% to shareholders annually — split between a 3.1% dividend yield and 0.2% buyback yield. The payout ratio exceeds 100% at 107.9%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 2.8% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.1% | 3.0% | 3.2% | 3.5% | 2.9% | 2.9% | 2.5% | 2.3% |
| Payout Ratio | 107.9% | 107.9% | 57.8% | 143.4% | 70.5% | 57.5% | 56.8% | 119.3% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.8% | 2.8% | 5.4% | 2.5% | 4.0% | 5.0% | 4.4% | 1.9% |
| FCF Yield | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.2% | 0.2% | 0.2% | 0.3% | 0.2% | 0.3% | 0.3% | 0.2% |
| Total Shareholder Yield | 3.2% | 3.2% | 3.3% | 3.8% | 3.0% | 3.1% | 2.8% | 2.5% |
| Shares Outstanding | — | $93M | $91M | $86M | $86M | $86M | $80M | $80M |
Peer Comparison
Compare TXNM with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 TXNMYou | $6B | 35.4 | 7.3 | — | 38.1% | 20.4% | 5.0% | 5.6% | 0.0 |
 PNW | $12B | 20.3 | 14.5 | — | 25.4% | 20.9% | 8.8% | 3.9% | 8.5 |
 NWE | $4B | 23.8 | 13.2 | — | 82.3% | 20.2% | 6.3% | 4.0% | 5.7 |
 AVA | $3B | 16.7 | 10.3 | — | 24.2% | 18.0% | 7.3% | 4.5% | 5.3 |
 OTTR | $4B | 13.5 | 9.5 | 37.8 | 27.8% | 26.5% | 15.6% | 10.4% | 2.4 |
 IDA | $8B | 24.2 | 17.3 | — | 22.1% | 21.9% | 9.4% | 4.6% | 5.6 |
 XEL | $49B | 23.0 | 14.4 | — | 24.3% | 19.6% | 9.4% | 4.0% | 6.0 |
 AEE | $30B | 20.5 | 13.6 | — | 29.6% | 23.0% | 11.3% | 4.7% | 5.4 |
 WEC | $37B | 23.4 | 15.3 | — | 50.5% | 24.2% | 11.6% | 5.1% | 5.8 |
 EVRG | $19B | 22.7 | 12.8 | — | 32.3% | 25.2% | 8.4% | 4.5% | 5.7 |
 POR | $6B | 18.2 | 10.0 | — | 33.6% | 16.4% | 7.7% | 4.5% | 4.9 |
| Utilities Median | — | 19.1 | 11.9 | 18.6 | 38.4% | 18.5% | 9.3% | 4.9% | 5.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 7 years · Updated daily
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TXNM — Frequently Asked Questions
Quick answers to the most common questions about buying TXNM stock.
What is TXNM Energy, Inc.'s P/E ratio?
TXNM Energy, Inc.'s current P/E ratio is 35.4x. The historical average is 30.8x. This places it at the 57th percentile of its historical range.
What is TXNM Energy, Inc.'s EV/EBITDA?
TXNM Energy, Inc.'s current EV/EBITDA is 7.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.4x.
What is TXNM Energy, Inc.'s ROE?
TXNM Energy, Inc.'s return on equity (ROE) is 5.0%. The historical average is 6.9%.
Is TXNM stock overvalued?
Based on historical data, TXNM Energy, Inc. is trading at a P/E of 35.4x. This is at the 57th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is TXNM Energy, Inc.'s dividend yield?
TXNM Energy, Inc.'s current dividend yield is 3.06% with a payout ratio of 107.9%.
What are TXNM Energy, Inc.'s profit margins?
TXNM Energy, Inc. has 38.1% gross margin and 20.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does TXNM Energy, Inc. have?
TXNM Energy, Inc.'s Debt/EBITDA ratio is 0.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.