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Financials · TXNM

TXNM Energy Inc. (TXNM) financials

For the twelve months ended Mar 31, 2026, TXNM Energy Inc. reported $2.20B of revenue and $146.18M of net income.

Revenue, TTM
$2.20B
Revenue growth, YoY
+8.6%
Net income, TTM
$146.18M
Net income growth, YoY
-28.3%
Net margin
6.7%
Free cash flow, TTM
-$569.59M
EPS, diluted, TTM
$1.41
Cash
$5.62M
Total debt
$5.42B
P/E
43.77
P/S
2.91
Market cap
$6.40B
Annual revenue$2.17B
FY2016FY2025
Annual net income$151.36M
FY2016FY2025
Annual free cash flow-$611.43M
FY2016FY2025

TXNM revenue and earnings growth

TXNM revenueQ1 2026$504.98M

Quarter YoY
+4.6%
QoQ
-5.3%
FY YoY
+9.9%
5Y CAGR
+7.3%
10Y CAGR
+4.2%

TXNM revenue was $504.98M in fiscal Q1 2026 (ended Mar 31, 2026), up 4.6% from a year earlier and down 5.3% from the prior quarter. For the full fiscal 2025 it was $2.17B, up 9.9% from fiscal 2024. Compound annual growth was +7.3% over 5 years and +4.2% over 10 years. It rose in 7 of the last 10 fiscal years.

TXNM net incomeQ1 2026$3.74M

Quarter YoY
-58.1%
FY YoY
-37.5%
5Y CAGR
-2.6%
10Y CAGR
+25.5%

TXNM net income was $3.74M in fiscal Q1 2026 (ended Mar 31, 2026), down 58.1% from a year earlier. For the full fiscal 2025 it was $151.36M, down 37.5% from fiscal 2024. Compound annual growth was -2.6% over 5 years and +25.5% over 10 years. It rose in 5 of the last 10 fiscal years.

TXNM EPSQ1 2026$0.03

Quarter YoY
-70.0%
FY YoY
-44.6%
5Y CAGR
-7.2%
10Y CAGR
+22.2%

TXNM diluted EPS was $0.03 in fiscal Q1 2026 (ended Mar 31, 2026), down 70.0% from a year earlier. For the full fiscal 2025 it was $1.48, down 44.6% from fiscal 2024. Compound annual growth was -7.2% over 5 years and +22.2% over 10 years.

TXNM free cash flowQ1 2026-$159.53M

TXNM free cash flow was -$159.53M in fiscal Q1 2026 (ended Mar 31, 2026), compared with -$201.37M a year earlier. For the full fiscal 2025 it was -$611.43M, compared with -$738.88M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$2.17B$1.97B$1.94B$2.25B$1.78B$1.52B$1.46B$1.44B$1.45B$1.36B
Gross profit--$655.83M$740.46M$648.95M$606.73M----
Selling, general and admin$274.45M$247.12M$227.90M$227.15M$230.29M$216.33M$189.23M$188.47M$177.79M$184.77M
Operating income$441.18M$453.49M$231.34M$393.76M$308.15M$285.28M$144.20M$236.05M$315.04M$284.73M
Interest expense$271.52M$228.07M$190.35M$127.91M$96.88M$114.39M$121.02M$127.24M$127.63M$128.63M
Pre-tax income$180.01M$280.24M$90.53M$211.31M$244.43M$207.95M$66.85M$109.06M$225.76M$195.17M
Income tax$10.19M$21.52M-$16.35M$26.13M$32.58M$20.64M-$25.28M$7.78M$130.34M$63.28M
Net income$151.36M$242.15M$87.82M$169.53M$195.83M$172.78M$77.36M$85.64M$79.87M$116.85M
EPS, basic$1.49$2.67$1.02$1.97$2.28$2.16$0.97$1.07$1.00$1.47
EPS, diluted$1.48$2.67$1.02$1.97$2.27$2.15$0.97$1.07$1.00$1.46
Diluted shares102.4M90.6M86.4M86.2M86.1M80.3M80.0M80.0M80.1M80.1M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$18.26M$22.09M$3.94M$4.08M$1.10M$47.93M$3.83M$2.12M$3.97M$5.52M
Receivables$151.80M$130.35M$126.29M$183.67M$123.29M$113.41M$85.89M$92.80M$90.47M$87.01M
Inventory$181.32M$166.86M$98.03M$66.73M$65.06M$66.42M$77.93M$71.83M$66.50M$73.03M
Current assets$564.66M$498.84M$475.54M$410.98M$324.60M$377.48M$294.01M$302.52M$294.42M$378.04M
Goodwill$278.30M$278.30M$278.30M$278.30M$278.30M$278.30M$278.30M$278.30M$278.30M$278.30M
Total assets$12.06B$11.21B$10.25B$9.26B$8.67B$7.94B$7.30B$6.87B$6.65B$6.47B
Current liabilities$1.02B$1.78B$1.23B$890.37M$664.21M$977.66M$967.48M$512.45M$835.64M$805.11M
Short-term debt$302.54M$611.60M$280.17M$184.79M$179.34M$575.52M$490.27M$0$256.89M$273.35M
Long-term debt$5.12B$4.31B$4.24B$3.89B$3.52B$2.72B$2.52B$2.67B$2.18B$2.12B
Total debt$5.42B$4.92B$4.52B$4.08B$3.70B$3.30B$3.01B$2.67B$2.44B$2.39B
Total liabilities$8.60B$8.62B$7.84B$7.00B$6.43B$5.82B$5.55B$5.10B$4.87B$4.71B
Shareholders' equity$3.40B$2.58B$2.40B$2.24B$2.22B$2.11B$1.74B$1.75B$1.76B$1.74B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$584.49M$508.16M$551.17M$567.28M$547.87M$485.70M$503.16M$428.23M$523.46M$408.28M
Capital expenditures$1.20B$1.25B$1.08B$912.56M$935.02M$679.03M$616.27M$501.21M$500.46M$600.08M
Free cash flow-$611.43M-$738.88M-$524.64M-$345.27M-$387.14M-$193.33M-$113.11M-$72.99M$23.00M-$191.79M
Investing cash flow-$1.22B-$1.17B-$1.09B-$950.35M-$952.26M-$733.80M-$673.90M-$475.72M-$466.16M-$699.38M
Financing cash flow$642.52M$684.35M$537.10M$386.04M$357.56M$292.19M$172.45M$45.65M-$58.85M$242.39M
Dividends paid$163.37M$140.34M$126.70M$119.84M$112.97M$98.50M$92.93M$84.96M$77.79M-
Share repurchases$11.97M$8.46M$9.65M$7.98M$10.13M$11.98M$9.92M$12.63M$13.93M$15.45M
Stock-based compensation$8.72M$9.48M$7.19M$7.83M$9.45M$8.14M$6.41M$7.12M$6.19M$5.63M
Depreciation and amortization$483.38M$423.01M$353.69M$341.12M$320.21M$314.67M$301.07M$275.64M$268.19M$242.03M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY9.9%1.7%-13.8%26.4%16.9%4.5%1.5%-0.6%6.0%-5.3%
Net income growth, YoY-37.5%175.7%-48.2%-13.4%13.3%123.3%-9.7%7.2%-31.6%647.1%
EPS growth, YoY-44.6%161.8%-48.2%-13.2%5.6%121.6%-9.3%7.0%-31.5%630.0%
Gross margin--33.8%32.9%36.5%39.8%----
Operating margin20.4%23.0%11.9%17.5%17.3%18.7%9.9%16.4%21.8%20.9%
Net margin7.0%12.3%4.5%7.5%11.0%11.3%5.3%6.0%5.5%8.6%
Free cash flow margin-28.2%-37.5%-27.1%-15.3%-21.8%-12.7%-7.8%-5.1%1.6%-14.1%
Return on equity4.4%9.4%3.7%7.6%8.8%8.2%4.4%4.9%4.5%6.7%
Return on assets1.3%2.2%0.9%1.8%2.3%2.2%1.1%1.2%1.2%1.8%
Current ratio0.550.280.390.460.490.390.300.590.350.47
Debt to equity1.591.911.881.821.661.561.731.521.381.37

Source: XBRL data TXNM Energy Inc. files with the SEC, latest filing dated May 1, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

TXNM peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
TXNM$2.20B+8.6%$146.18M6.7%$6.40B
NEE$27.87B+10.3%$8.18B29.4%$180.93B
SO$30.17B+7.9%$4.34B14.4%$109.03B
CEG$31.27B+26.0%$3.48B11.1%$94.87B
AEP$22.43B+9.3%$3.72B16.6%$69.61B
D$17.52B+17.5%$2.95B16.9%$60.14B
ETR$13.29B+11.4%$1.79B13.4%$53.38B
VST$20.97B+19.8%$2.71B12.9%$44.68B
FTSC$12.17B+5.8%C$1.71B14.1%$30.79B

TXNM FAQ

8 questions
  • What is TXNM revenue?
    TXNM Energy Inc. (TXNM) reported $2.20B of revenue for the twelve months ended Mar 31, 2026. That is up 8.6% from the year before. Revenue for fiscal 2025 was $2.17B.
  • Is TXNM profitable?
    Yes. TXNM Energy Inc. earned $146.18M in net income for the twelve months ended Mar 31, 2026, a net margin of 6.7%.
  • How much cash and debt does TXNM have?
    TXNM Energy Inc. reported $5.62M in cash and cash equivalents and $5.42B of debt on its most recent balance sheet in SEC filings.
  • How fast is TXNM revenue growing?
    TXNM Energy Inc.'s revenue changed +9.9% in fiscal 2025, to $2.17B. Its compound annual growth rate was +7.3% over 5 years and +4.2% over 10 years.
  • What is TXNM free cash flow?
    TXNM Energy Inc. generated -$569.59M of free cash flow for the twelve months ended Mar 31, 2026, which is operating cash flow of $596.42M less capital expenditures.
  • What is TXNM earnings per share?
    Diluted earnings per share were $1.41 for the twelve months ended Mar 31, 2026, from SEC filings, restated for any stock split those filings show.
  • When did TXNM last report financial results?
    The latest statements here come from TXNM Energy Inc.'s 10-Q filed on May 1, 2026, covering the period ended Mar 31, 2026.
  • Where does this TXNM financial data come from?
    Quantisnow builds these statements from the structured XBRL data TXNM Energy Inc. files with the SEC. It is provided for information only and is not investment advice.