Saturday 17 October 2026
Export TXNM’s income statement to Excel — free account
TXNM Energy, Inc.
TXNM Utilities Utilities Regulated Electric
TXNM Energy, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.2 billion, up 9.86% from fiscal 2024. In the quarter to June 2026, revenue grew 9.18%, EPS grew 190.9%, free cash flow grew 25.8% and total debt rose 4.16%, each against the same quarter a year earlier. Dividend growth for ten consecutive years.
58.52
0.03
−0.05%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
23.28 | 39.95 | 38.05 | 52.28 | 22.47 | 20.00 | 24.87 | 37.97 | 18.42 | 40.33 |
Piotroski F-Score |
5 | 6 | 6 | 5 | 5 | 6 | 4 | 4 | 6 | 5 |
P/S ratio |
1.99 | 2.21 | 2.29 | 2.78 | 2.55 | 2.21 | 1.88 | 1.74 | 2.26 | 2.76 |
Altman Z-Score |
0.76 | 0.81 | 0.80 | 0.71 | 0.74 | 0.77 | 0.81 | 0.56 | 0.59 | 0.77 |
Altman Z″-Score (non-manufacturers) |
0.56 | 0.48 | 0.70 | 0.14 | 0.41 | 0.65 | 0.58 | 0.24 | 0.10 | 0.66 |
P/FCF ratio |
0.00 | 138.76 | 0.00 | 305.31 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Beneish M-Score |
(2.84) | (2.78) | (2.76) | (2.64) | (2.37) | (2.59) | (2.22) | (2.70) | (2.87) | (2.45) |
P/Operating CF |
31.05 | 29.79 | 29.49 | 1,048.18 | 33.04 | 28.17 | 30.19 | 24.36 | 28.06 | 37.90 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 16 |
P/B ratio |
1.55 | 1.81 | 1.87 | 2.33 | 1.84 | 1.77 | 1.88 | 1.41 | 1.72 | 1.73 |
Price to Tangible BV |
1.85 | 2.15 | 2.23 | 2.77 | 2.13 | 2.02 | 2.15 | 1.59 | 1.93 | 1.89 |
EV/Sales |
3.74 | 3.89 | 4.47 | 4.84 | 4.69 | 4.28 | 3.69 | 4.07 | 4.75 | 5.25 |
EV/EBITDA |
9.68 | 9.65 | 12.55 | 21.04 | 11.90 | 12.13 | 11.29 | 13.49 | 10.69 | 12.31 |
EV/Operating CF |
12.49 | 10.75 | 15.00 | 19.87 | 14.69 | 13.91 | 14.62 | 14.32 | 18.44 | 19.46 |
EV/FCF |
(26.59) | 244.57 | (88.00) | 531.57 | (36.92) | (19.69) | (24.02) | (16.05) | (12.73) | (18.61) |
Quick Ratio |
0.16 | 0.14 | 0.22 | 0.11 | 0.20 | 0.22 | 0.24 | 0.17 | 0.10 | 0.23 |
Current Ratio |
0.47 | 0.35 | 0.59 | 0.30 | 0.39 | 0.49 | 0.46 | 0.39 | 0.28 | 0.55 |
Net Debt/EBITDA |
4.53 | 4.17 | 5.68 | 8.96 | 5.41 | 5.88 | 5.54 | 7.73 | 5.61 | 5.84 |
Debt/Assets |
36.98% | 36.68% | 42.33% | 41.21% | 41.50% | 42.68% | 44.04% | 44.10% | 43.91% | 44.93% |
Debt/Equity |
1.36 | 1.37 | 1.65 | 1.72 | 1.55 | 1.66 | 1.81 | 1.88 | 1.90 | 1.57 |
Asset Turnover |
0.22 | 0.22 | 0.21 | 0.21 | 0.20 | 0.21 | 0.25 | 0.20 | 0.18 | 0.19 |
Operating CF/Net income |
3.49 | 6.55 | 5.00 | 4.59 | 2.81 | 2.80 | 3.35 | 6.28 | 2.10 | 3.86 |
Capex/Depreciation |
(2.48) | (1.87) | (1.82) | (1.79) | (2.16) | (2.92) | (2.68) | (2.95) | (2.94) | (2.47) |
Interest Coverage |
2.21 | 2.47 | 1.86 | 1.19 | 2.49 | 3.18 | 3.08 | 1.22 | 1.99 | 1.62 |
| 6.73% | 4.56% | 4.87% | 4.43% | 8.97% | 9.04% | 7.59% | 3.78% | 9.72% | 5.02% | |
| 1.87% | 1.22% | 1.27% | 1.09% | 2.27% | 2.36% | 1.89% | 0.90% | 2.26% | 1.30% | |
ROIC |
4.29% | 4.68% | 3.16% | 1.89% | 3.32% | 3.25% | 3.89% | 2.09% | 3.77% | 3.11% |
Return on Tangible Assets |
2.61% | 1.80% | 1.70% | 1.61% | 3.22% | 3.05% | 2.61% | 1.28% | 3.38% | 1.71% |
Average Days of Receivables |
32.49 | 29.03 | 28.49 | 25.79 | 34.24 | 30.14 | 33.48 | 39.43 | 32.45 | 36.07 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
19.16% | 17.61% | 18.66% | 18.47% | 19.56% | 17.77% | 14.23% | 16.70% | 17.64% | 17.75% |
Intangible Assets out of Total Assets |
0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 |
Share Based Compensation of Revenue |
0.41% | 0.43% | 0.50% | 0.44% | 0.53% | 0.53% | 0.35% | 0.37% | 0.48% | 0.40% |
Graham Net Nets |
(1.60) | (1.43) | (1.46) | (1.30) | (1.40) | (1.56) | (1.56) | (2.18) | (1.82) | (1.34) |
Graham Number |
26.81 | 22.27 | 23.09 | 21.81 | 35.75 | 36.40 | 33.99 | 25.38 | 41.40 | 33.40 |
Earnings Yield |
4.30% | 2.50% | 2.63% | 1.91% | 4.45% | 5.00% | 4.02% | 2.63% | 5.43% | 2.48% |
Free Cash Flow Yield |
(7.07%) | 0.72% | (2.22%) | 0.33% | (4.97%) | (9.86%) | (8.18%) | (14.58%) | (16.53%) | (10.23%) |
Revenue per Share |
17.09 | 18.09 | 17.98 | 18.24 | 19.00 | 20.68 | 26.12 | 22.47 | 21.77 | 21.33 |
Operating CF per Share |
5.12 | 6.55 | 5.36 | 4.44 | 6.06 | 6.37 | 6.59 | 6.39 | 5.61 | 5.76 |
Capex per Share |
(7.52) | (6.26) | (6.27) | (4.28) | (8.47) | (10.86) | (10.60) | (12.09) | (13.74) | (11.78) |
Free Cash Flow per Share |
(2.40) | 0.29 | (0.91) | 0.17 | (2.41) | (4.50) | (4.01) | (5.70) | (8.13) | (6.02) |
Cash per Share |
0.06 | 0.05 | 0.03 | 0.05 | 0.60 | 0.01 | 0.05 | 0.03 | 0.05 | 0.18 |
Shareholders Equity per Share |
22.02 | 22.19 | 22.08 | 21.93 | 26.45 | 25.96 | 26.20 | 27.93 | 28.66 | 34.08 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
22.02 | 22.19 | 22.08 | 21.93 | 26.45 | 25.96 | 26.20 | 27.93 | 28.66 | 34.08 |
Free Cash Flow |
(191.79) | 23.00 | (72.99) | 13.28 | (193.33) | (387.14) | (345.27) | (491.99) | (736.04) | (611.43) |
Working Capital |
(427.07) | (541.22) | (209.93) | (673.47) | (600.18) | (339.61) | (479.39) | (755.22) | (1,276.26) | (452.87) |
Capital Expenditures |
(600.08) | (500.46) | (501.21) | (341.85) | (679.03) | (935.02) | (912.56) | (1,043.16) | (1,244.20) | (1,195.92) |
Net Current Asset Value |
(4,336.64) | (4,578.71) | (4,798.90) | (5,251.48) | (5,442.37) | (6,107.83) | (6,589.94) | (7,366.48) | (8,118.08) | (8,035.09) |
EV/EBIT |
17.91 | 17.86 | 27.21 | 48.94 | 25.02 | 24.74 | 21.06 | 34.13 | 20.66 | 25.79 |
Capex to Sales |
0.44 | 0.35 | 0.35 | 0.23 | 0.45 | 0.53 | 0.41 | 0.54 | 0.63 | 0.55 |
Price to Operating Income |
9.52 | 10.13 | 13.91 | 28.11 | 13.64 | 12.74 | 10.72 | 14.59 | 9.82 | 13.55 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.05 | 0.05 | 0.05 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
Cash ROIC |
(4.62%) | 0.55% | (1.56%) | 0.28% | (3.54%) | (6.52%) | (5.45%) | (7.09%) | (9.78%) | (6.87%) |
Accounts Receivable Turnover |
10.71 | 12.23 | 12.65 | 13.55 | 12.39 | 12.28 | 12.73 | 9.33 | 10.25 | 11.13 |
Accounts Payable Turnover |
5.63 | 5.24 | 4.70 | 5.16 | 4.30 | 4.61 | 5.85 | 4.25 | 3.31 | 3.64 |
Inventory Turnover |
7.50 | 7.81 | 7.94 | 7.42 | 8.11 | 12.00 | 17.23 | 10.85 | 5.12 | 4.68 |
Average Days of Payables |
60.08 | 81.30 | 74.55 | 67.77 | 105.60 | 79.87 | 69.35 | 83.78 | 110.12 | 108.94 |
Days of Inventory on Hand |
50.60 | 44.54 | 47.74 | 51.22 | 41.42 | 30.11 | 21.45 | 40.03 | 89.86 | 81.27 |
Average Receivables |
127.23 | 118.13 | 113.53 | 107.56 | 122.93 | 144.92 | 176.65 | 207.92 | 192.38 | 194.64 |
Average Payables |
93.56 | 104.04 | 116.78 | 107.64 | 136.22 | 170.96 | 194.15 | 210.44 | 204.82 | 223.77 |
Average Inventory |
70.21 | 69.76 | 69.17 | 74.88 | 72.17 | 65.74 | 65.90 | 82.38 | 132.45 | 174.09 |
Average Assets |
6,240.20 | 6,558.59 | 6,755.83 | 7,082.16 | 7,619.31 | 8,303.37 | 8,962.13 | 9,754.99 | 10,732.17 | 11,635.51 |
Average Common Equity |
1,735.55 | 1,753.16 | 1,757.02 | 1,747.17 | 1,925.11 | 2,165.70 | 2,233.93 | 2,321.99 | 2,491.17 | 3,015.65 |
Columns are period end dates