IDACORP, Inc. (IDA) vs TXNM Energy, Inc. (TXNM)

IDACORP, Inc. and TXNM Energy, Inc. are both Utilities Regulated Electric companies. IDACORP, Inc. is the larger, with a market value of $7.4B against $6.4B — 1.2× the size. IDACORP, Inc. trades at the lower P/E: 21.1× against 32.3×. TXNM Energy, Inc. grew revenue faster over the last twelve months: 9.97% against −0.39%. IDACORP, Inc. has the higher net margin (18.8% vs 8.77%) and the lower return on invested capital (3.42% vs 3.44%). Both pay a dividend; TXNM Energy, Inc. yields more (4.18% vs 3.62%). Across the 22 metrics below, IDACORP, Inc. leads on 12 and TXNM Energy, Inc. on 10.

Valuation

Metric IDA TXNM Utilities Regulated Electric median
P/E 21.07 32.33 18.84
P/S 4.02 2.91 2.52
P/B 1.91 1.81 1.63
Price to free cash flow n/m n/m 36.22
EV/EBITDA 16.06 11.93 11.82
EV/Sales 6.07 5.33 4.58
Earnings yield 4.75% 3.09% 5.30%
Free cash flow yield (12.89%) (7.72%) (5.06%)

Profitability

Metric IDA TXNM Utilities Regulated Electric median
Gross margin 68.13% 63.86% 66.28%
Operating margin 22.75% 22.24% 21.79%
Net margin 18.78% 8.77% 12.94%
Free cash flow margin (51.75%) (22.47%) (11.51%)
Return on equity 9.42% 5.74% 9.75%
Return on assets 3.26% 1.62% 2.75%
Return on invested capital 3.42% 3.44% 3.87%

Growth

Metric IDA TXNM Utilities Regulated Electric median
Revenue growth (TTM) (0.39%) 9.97% 7.43%
EPS growth (last fiscal year) 7.27% (44.57%) —
Revenue growth, 5-year CAGR 6.06% 7.29% 6.75%
Net income growth, 5-year CAGR 6.38% (2.61%) 6.44%

Health

Metric IDA TXNM Utilities Regulated Electric median
Debt to equity 1.00 1.50 1.53
Current ratio 0.99 0.56 0.81
Net debt to EBITDA 5.28 5.84 5.25

Dividend

Metric IDA TXNM Utilities Regulated Electric median
Dividend yield 3.62% 4.18% 4.33%
Payout ratio 0.58 0.52 0.66

Size

Metric IDA TXNM Utilities Regulated Electric median
Market cap 7.39b 6.41b 22.90b

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