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

58.36 0.13 −0.22%
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) Operating margin

Alert me on Operating margin

TXNM Energy, Inc.'s operating margin over the twelve months to 30 September 2026 was 24.4%, up 4.0 percentage points from fiscal 2025 (20.4%). Over the past ten years it has ranged from 8.64% (fiscal 2015) to 23.0% (fiscal 2024); the current reading is higher than 73% of that period. That is above the Utilities Regulated Electric industry median of 21.7% and above the Utilities sector median of 18.7%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 20.4% (2.64)
FY2024 23.0% 11.08
FY2023 11.9% (5.57)
FY2022 17.5% 0.19
FY2021 17.3% (1.42)
FY2020 18.7% 8.84
FY2019 9.89% (6.54)
FY2018 16.4% (5.37)
FY2017 21.8% 0.91
FY2016 20.9% 12.25

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 37.0% 14.49
Jun 2026 22.5% 7.23
Mar 2026 15.3% (2.33)
Dec 2025 17.6% (13.77)
43 more quarters

Against its own ten years

Low 8.64% High 23.0%
Ten-year median 17.5%
Current reading's percentile 98

Operating margin against peers

Company Operating margin
OGE OGE Energy Corporation compare 25.8%
TXNM TXNM Energy, Inc. 24.4%
IDA IDACORP, Inc. compare 23.5%
MGEE MGE Energy Inc. compare 22.5%
PNW Pinnacle West Capital Corporation compare 20.7%
NWE NorthWestern Corporation compare 18.1%
CIG Comp En De Mn Cemig ADS compare 15.0%
POR Portland General Electric Company compare 14.4%
KEP Korea Electric Power Corporation compare 13.5%
Utilities Regulated Electric industry median 21.7%
Utilities sector median 18.7%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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