Portland General Electric Company (POR) vs TXNM Energy, Inc. (TXNM)

Portland General Electric Company and TXNM Energy, Inc. are both Utilities Regulated Electric companies. TXNM Energy, Inc. is the larger, with a market value of $6.4B against $5.4B — 1.2× the size. Portland General Electric Company trades at the lower P/E: 20.5× against 32.3×. TXNM Energy, Inc. grew revenue faster over the last twelve months: 9.97% against 1.32%. TXNM Energy, Inc. has the higher net margin (8.77% vs 7.27%) and the higher return on invested capital (3.44% vs 3.35%). Both pay a dividend; Portland General Electric Company yields more (4.74% vs 4.18%). Across the 22 metrics below, Portland General Electric Company leads on 17 and TXNM Energy, Inc. on 5.

Valuation

Metric POR TXNM Utilities Regulated Electric median
P/E 20.55 32.33 18.84
P/S 1.53 2.91 2.52
P/B 1.32 1.81 1.63
Price to free cash flow n/m n/m 36.22
EV/EBITDA 9.77 11.93 11.82
EV/Sales 2.99 5.33 4.58
Earnings yield 4.87% 3.09% 5.30%
Free cash flow yield (3.49%) (7.72%) (5.06%)

Profitability

Metric POR TXNM Utilities Regulated Electric median
Gross margin 60.27% 63.86% 66.28%
Operating margin 14.06% 22.24% 21.79%
Net margin 7.27% 8.77% 12.94%
Free cash flow margin (5.35%) (22.47%) (11.51%)
Return on equity 6.45% 5.74% 9.75%
Return on assets 1.95% 1.62% 2.75%
Return on invested capital 3.35% 3.44% 3.87%

Growth

Metric POR TXNM Utilities Regulated Electric median
Revenue growth (TTM) 1.32% 9.97% 7.43%
EPS growth (last fiscal year) (7.97%) (44.57%) —
Revenue growth, 5-year CAGR 10.76% 7.29% 6.75%
Net income growth, 5-year CAGR 14.57% (2.61%) 6.44%

Health

Metric POR TXNM Utilities Regulated Electric median
Debt to equity 1.26 1.50 1.53
Current ratio 0.98 0.56 0.81
Net debt to EBITDA 4.28 5.84 5.25

Dividend

Metric POR TXNM Utilities Regulated Electric median
Dividend yield 4.74% 4.18% 4.33%
Payout ratio 0.76 0.52 0.66

Size

Metric POR TXNM Utilities Regulated Electric median
Market cap 5.39b 6.41b 22.90b

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