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.

Revenue
+13.3%
EPS
+27.1%
Free cash flow
−2,148.2%
Total debt
+13.3%

Quarter to September 2026, against a year earlier

58.23 0.16 −0.27%
Market cap
$6.4B
P/E
27.3×
Fwd P/E
19.2×
Dividend yield
2.90%
F-score
5/9
Altman Z
0.77
Beneish M
−2.45
Dividend safety
16/100

TXNM Energy, Inc. (TXNM) Gross margin

Alert me on Gross margin

TXNM Energy, Inc.'s gross margin over the twelve months to 30 September 2026 was 65.0%, up 2.6 percentage points from fiscal 2025 (62.4%). Over the past ten years it has ranged from 49.5% (fiscal 2022) to 65.6% (fiscal 2024); the current reading is higher than 91% of that period. That is in line with the Utilities Regulated Electric industry median of 62.0% and above the Utilities sector median of 58.0%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 62.4% (3.22)
FY2024 65.6% 11.71
FY2023 53.9% 4.38
FY2022 49.5% (6.15)
FY2021 55.7% (5.89)
FY2020 61.6% (0.33)
FY2019 61.9% 0.13
FY2018 61.8% (0.52)
FY2017 62.3% 0.94
FY2016 61.4% 5.92

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 69.8% 4.30
Jun 2026 65.5% 3.26
Mar 2026 62.2% 1.72
Dec 2025 60.5% (6.11)
43 more quarters

Against its own ten years

Low 49.5% High 65.6%
Ten-year median 61.6%
Current reading's percentile 98

Gross margin against peers

Company Gross margin
IDA IDACORP, Inc. compare 68.3%
TXNM TXNM Energy, Inc. 65.0%
OGE OGE Energy Corporation compare 62.0%
PNW Pinnacle West Capital Corporation compare 61.9%
POR Portland General Electric Company compare 60.2%
CIG Comp En De Mn Cemig ADS compare 15.9%
KEP Korea Electric Power Corporation compare 15.4%
MGEE MGE Energy Inc. compare 0.00%
NWE NorthWestern Corporation compare 0.00%
Utilities Regulated Electric industry median 62.0%
Utilities sector median 58.0%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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