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TXNM ENERGY INC

TXNM Clue Score33
United States Fiscal year ends December CIK 0001108426
$58.61 +0.05% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $58.61 +18.26% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue1.28Operating income0.28Net income0.12EPS, diluted1.46Fiscal year 2017Revenue1.32 +3.4%Operating income0.32Net income0.08 −31.6%EPS, diluted1.00 −31.5%Fiscal year 2018Revenue1.36 +2.9%Operating income0.24Net income0.10 +26.8%EPS, diluted1.07 +7.0%Fiscal year 2019Revenue1.38 +1.3%Operating income0.14Net income0.09 −9.0%EPS, diluted0.97 −9.3%Fiscal year 2020Revenue1.51 +9.8%Operating income0.29Net income0.19 +103.3%EPS, diluted2.15 +121.6%Fiscal year 2021Revenue1.74 +15.4%Operating income0.31EPS, diluted2.27 +5.6%Fiscal year 2022Revenue2.25 +29.0%Operating income0.39EPS, diluted1.97 −13.2%Fiscal year 2023Revenue1.91 −14.9%Operating income0.23EPS, diluted1.02 −48.2%Fiscal year 2024Revenue1.96 +2.3%Operating income0.45EPS, diluted2.67 +161.8%Fiscal year 2025Revenue2.14 +9.0%Operating income0.44EPS, diluted1.48 −44.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1.28 1.32 1.36 1.38 1.51 1.74 2.25 1.91 1.96 2.14
Growth +3.4% +2.9% +1.3% +9.8% +15.4% +29.0% −14.9% +2.3% +9.0%
Operating income 0.28 0.32 0.24 0.14 0.29 0.31 0.39 0.23 0.45 0.44
Net income 0.12 0.08 0.10 0.09 0.19 n/a n/a n/a n/a n/a
Growth −31.6% +26.8% −9.0% +103.3%
EPS, diluted 1.46 1.00 1.07 0.97 2.15 2.27 1.97 1.02 2.67 1.48
Growth −31.5% +7.0% −9.3% +121.6% +5.6% −13.2% −48.2% +161.8% −44.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Operating margin22.3%Net margin9.1%Free cash flow margin−15.0%Fiscal year 2017Operating margin23.8%Net margin6.0%Free cash flow margin1.7%Fiscal year 2018Operating margin17.4%Net margin7.4%Free cash flow margin−5.4%Fiscal year 2019Operating margin10.5%Net margin6.7%Free cash flow margin−8.2%Fiscal year 2020Gross margin40.1%Operating margin18.9%Net margin12.4%Free cash flow margin−12.8%Fiscal year 2021Gross margin37.2%Operating margin17.7%Free cash flow margin−22.2%Fiscal year 2022Gross margin32.9%Operating margin17.5%Free cash flow margin−15.3%Fiscal year 2023Gross margin34.2%Operating margin12.1%Free cash flow margin−27.4%Fiscal year 2024Operating margin23.1%Free cash flow margin−37.7%Fiscal year 2025Operating margin20.6%Free cash flow margin−28.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin n/a n/a n/a n/a 40.1% 37.2% 32.9% 34.2% n/a n/a
Operating margin 22.3% 23.8% 17.4% 10.5% 18.9% 17.7% 17.5% 12.1% 23.1% 20.6%
Net margin 9.1% 6.0% 7.4% 6.7% 12.4% n/a n/a n/a n/a n/a
Free cash flow margin −15.0% 1.7% −5.4% −8.2% −12.8% −22.2% −15.3% −27.4% −37.7% −28.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.41Capital expenditure−0.60Free cash flow−0.19Buybacks−0.02Fiscal year 2017Operating cash flow0.52Capital expenditure−0.50Free cash flow0.02Buybacks−0.01Dividends paid−0.08Fiscal year 2018Operating cash flow0.43Capital expenditure−0.50Free cash flow−0.07 −417.3%Buybacks−0.01Dividends paid−0.08Fiscal year 2019Operating cash flow0.50Capital expenditure−0.62Free cash flow−0.11Buybacks−0.01Dividends paid−0.09Fiscal year 2020Operating cash flow0.49Capital expenditure−0.68Free cash flow−0.19Buybacks−0.01Dividends paid−0.10Fiscal year 2021Operating cash flow0.55Capital expenditure−0.94Free cash flow−0.39Buybacks−0.01Dividends paid−0.11Fiscal year 2022Operating cash flow0.57Capital expenditure−0.91Free cash flow−0.35Buybacks−0.01Dividends paid−0.12Fiscal year 2023Operating cash flow0.55Capital expenditure−1.08Free cash flow−0.52Buybacks−0.01Dividends paid−0.13Fiscal year 2024Operating cash flow0.51Capital expenditure−1.25Free cash flow−0.74Buybacks−0.01Dividends paid−0.14Fiscal year 2025Operating cash flow0.58Capital expenditure−1.20Free cash flow−0.61Buybacks−0.01Dividends paid−0.16
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.41 0.52 0.43 0.50 0.49 0.55 0.57 0.55 0.51 0.58
Capital expenditure −0.60 −0.50 −0.50 −0.62 −0.68 −0.94 −0.91 −1.08 −1.25 −1.20
Free cash flow −0.19 0.02 −0.07 −0.11 −0.19 −0.39 −0.35 −0.52 −0.74 −0.61
Growth −417.3%
Buybacks −0.02 −0.01 −0.01 −0.01 −0.01 −0.01 −0.01 −0.01 −0.01 −0.01
Dividends paid n/a −0.08 −0.08 −0.09 −0.10 −0.11 −0.12 −0.13 −0.14 −0.16

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.01Total debt2.39Net cash (debt)−2.39Shareholders’ equity1.68Debt to equity1.43Fiscal year 2017Cash0.00Total debt2.44Net cash (debt)−2.43Shareholders’ equity1.70Debt to equity1.44Fiscal year 2018Cash0.00Total debt2.67Net cash (debt)−2.67Shareholders’ equity1.69Debt to equity1.58Fiscal year 2019Cash0.00Total debt3.01Net cash (debt)−3.00Shareholders’ equity1.68Debt to equity1.79Fiscal year 2020Cash0.05Total debt3.30Net cash (debt)−3.25Shareholders’ equity2.05Debt to equity1.61Fiscal year 2021Cash0.00Total debt3.70Net cash (debt)−3.70Shareholders’ equity2.17Debt to equity1.71Fiscal year 2022Cash0.00Total debt4.08Net cash (debt)−4.07Shareholders’ equity2.19Debt to equity1.86Fiscal year 2023Cash0.00Total debt4.52Net cash (debt)−4.52Shareholders’ equity2.35Debt to equity1.92Fiscal year 2024Cash0.00Total debt4.92Net cash (debt)−4.92Shareholders’ equity2.54Debt to equity1.94Fiscal year 2025Cash0.02Total debt5.42Net cash (debt)−5.40Shareholders’ equity3.40Debt to equity1.59
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.01 0.00 0.00 0.00 0.05 0.00 0.00 0.00 0.00 0.02
Total debt 2.39 2.44 2.67 3.01 3.30 3.70 4.08 4.52 4.92 5.42
Net cash (debt) −2.39 −2.43 −2.67 −3.00 −3.25 −3.70 −4.07 −4.52 −4.92 −5.40
Shareholders’ equity 1.68 1.70 1.69 1.68 2.05 2.17 2.19 2.35 2.54 3.40
Debt to equity 1.43 1.44 1.58 1.79 1.61 1.71 1.86 1.92 1.94 1.59

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
1.28 1.32 1.36 1.38 1.51 1.74 2.25 1.91 1.96 2.14
Growth +3.4% +2.9% +1.3% +9.8% +15.4% +29.0% −14.9% +2.3% +9.0%
n/a n/a n/a n/a 0.61 0.65 0.74 0.66 n/a n/a
Growth +7.0% +14.1% −11.4%
0.18 0.18 0.19 0.19 0.22 0.23 0.23 0.23 0.25 0.27
0.28 0.32 0.24 0.14 0.29 0.31 0.39 0.23 0.45 0.44
Growth +10.6% −25.1% −38.9% +97.8% +8.0% +27.8% −41.2% +96.0% −2.7%
0.20 0.23 0.11 0.07 0.21 0.24 0.21 0.09 0.28 0.18
0.06 0.13 0.01 −0.03 0.02 0.03 0.03 −0.02 0.02 0.01
0.12 0.08 0.10 0.09 0.19 n/a n/a n/a n/a n/a
Growth −31.6% +26.8% −9.0% +103.3%
Per share
1.47 1.00 1.07 0.97 2.16 2.28 1.97 1.02 2.67 1.49
1.46 1.00 1.07 0.97 2.15 2.27 1.97 1.02 2.67 1.48
Growth −31.5% +7.0% −9.3% +121.6% +5.6% −13.2% −48.2% +161.8% −44.6%
79.8 79.9 79.9 79.9 80.2 86.1 86.1 86.3 90.5 101.5
80.1 80.1 80.0 80.0 80.3 86.1 86.2 86.4 90.6 102.4
Growth +0.0% −0.2% −0.0% +0.4% +7.2% +0.1% +0.2% +4.9% +13.0%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 7.2% a year over five years, and earnings per share fell 7.2% a year.
  • The diluted share count rose 27.5% in five years, which is dilution.
  • Operating margin is up 1.8 points on five years ago, at 20.6%.
  • Profitable in every one of the 5 years on file.