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