TXNM Energy, Inc. (TXNM) Revenue History
Annual and quarterly revenue from 2019 to 2025
Compound Annual Growth Rate (CAGR)
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TXNM Revenue Growth
Revenue Breakdown (FY 2025)
TXNM's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
TXNM Revenue Analysis (2019–2025)
As of May 8, 2026, TXNM Energy, Inc. (TXNM) generated trailing twelve-month (TTM) revenue of $1.68 billion, reflecting significant decline in growth of -100.0% year-over-year. The most recent quarter (Q1 2026) recorded $0 in revenue, down 100.0% sequentially.
Looking at the longer-term picture, TXNM's 5-year compound annual growth rate (CAGR) stands at +7.3%, indicating steady revenue expansion. The company achieved its highest annual revenue of $2.25 billion in 2022.
Revenue diversification analysis shows TXNM's business is primarily driven by Electricity (84%), Electric Transmission Service (12%), and Wholesale Energy Sales (4%). With over half of revenue concentrated in Electricity, the company maintains significant focus in this area while developing other growth vectors.
When compared to Utilities sector peers including PNW (+4.8% YoY), NWE (+9.1% YoY), and AVA (-1.5% YoY), TXNM has underperformed the peer group in terms of revenue growth. Compare TXNM vs PNW →
TXNM Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| TXNMCurrent | $1.7B | -100.0% | +7.3% | 20.4% | |
 PNW | $5.3B | +4.8% | +8.3% | 20.9% | |
 NWE | $1.6B | +9.1% | +6.1% | 20.2% | |
 AVA | $2.0B | -1.5% | +8.2% | 18.0% | |
 OTTR | $1.3B | -0.5% | +7.9% | 26.5% | |
 IDA | $1.8B | -1.5% | +6.1% | 21.9% |
TXNM Historical Revenue Data (2019–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.17B | +9.9% | $824.8M | 38.1% | $441.2M | 20.4% |
| 2024 | $1.97B | +1.7% | $810.2M | 41.1% | $462.5M | 23.5% |
| 2023 | $1.94B | -13.8% | $627.1M | 32.3% | $303.3M | 15.6% |
| 2022 | $2.25B | +26.4% | $714.7M | 31.8% | $394.6M | 17.5% |
| 2021 | $1.78B | +16.9% | $625.6M | 35.2% | $309.3M | 17.4% |
| 2020 | $1.52B | +4.5% | $584.2M | 38.4% | $286.4M | 18.8% |
| 2019 | $1.46B | - | $564.6M | 38.7% | $295.3M | 20.3% |
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Start ComparisonTXNM — Frequently Asked Questions
Quick answers to the most common questions about buying TXNM stock.
Is TXNM's revenue growth accelerating or slowing?
TXNM revenue declined -100.0% year-over-year, contrasting with the 5-year CAGR of +7.3%. TTM revenue fell to $1.7B. This reverses the prior growth trend.
What is TXNM's long-term revenue growth rate?
TXNM Energy, Inc.'s 5-year revenue CAGR of +7.3% reflects the variable expansion pattern. Current YoY growth of -100.0% is below this long-term average.
How is TXNM's revenue distributed by segment?
TXNM reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2019-2025 are available for download. Segment mix reveals concentration and diversification trends.