What is TXNM Energy, Inc.'s earnings per share (EPS)?

TXNM Energy, Inc. (TXNM) reported diluted earnings per share of $1.48 for fiscal year 2025. This represents a -44.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

TXNM Energy (TXNM) Financials

TXNM NYSE

Trailing 12 months to June 30, 2026

Revenue $2.2B +10.0% YoY

Net Income $196.4M +10.4% YoY

EPS (Diluted) $1.74 -10.3% YoY

Free Cash Flow -$502.0M n/m YoY

Market Cap $6.4B as of Oct 26, 2026

Price / Sales 2.9x on $2.2B revenue, trailing 12 months to June 30, 2026

Price / Earnings 32.7x on $196.4M net income, trailing 12 months to June 30, 2026

Price / Book 1.8x on $3.6B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 26, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 31, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 31, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TXNM SEC filings page.

TXNM Energy, Inc. (TXNM) reported $2.2B in revenue over the twelve months to Jun 30, 2026, up 10.0% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI TXNM FY2025 2026-10-24

Capital-intensive growth is expanding the business, but cash economics remain weaker than reported operating performance.

Operating cash flow rose 15.0% while net income fell 37.4% in FY2025, indicating that cash generation held up better than accrual earnings. That gap coincided with interest expense reaching $272M, so stronger operating cash did not translate proportionally into bottom-line profit.

Capital expenditures were $1.2B against operating cash flow of $584M in FY2025. That mismatch left free cash flow at -$611M, showing that reported operating cash does not fund the full investment program.

The balance sheet is liability-funded: liabilities were 71.3% of assets in FY2025, while long-term debt rose 18.7% from FY2024. Yet current liabilities fell 42.7% and the current ratio improved to 0.6x, indicating short-term pressure eased even as long-term borrowing increased.

Financial Health Signals

Financial Health Score 34/100

Scored as: Utilities peer group

Scored against utilities for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of TXNM Energy, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

TXNM Energy, Inc. has an operating margin of 20.4%, meaning the company retains $20 of operating profit per $100 of revenue. This results in a moderate score of 52/100, indicating healthy but not exceptional operating efficiency. This is down from 23.0% the prior year.

Growth

TXNM Energy, Inc.'s revenue grew 9.9% year-over-year to $2.2B, a solid pace of expansion. This earns a growth score of 56/100.

Leverage

TXNM Energy, Inc. has elevated debt relative to equity (D/E of 1.50), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 20/100, reflecting increased financial risk.

Liquidity

TXNM Energy, Inc.'s current ratio of 0.55 is below the typical benchmark, resulting in a score of 19/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

While TXNM Energy, Inc. generated $584.5M in operating cash flow, capex of $1.2B consumed most of it, leaving -$611.4M in free cash flow. This results in a low score of 15/100, reflecting heavy capital investment rather than weak cash generation.

Returns

TXNM Energy, Inc.'s ROE of 4.5% shows moderate profitability relative to equity, earning a score of 40/100. This is down from 9.6% the prior year.

Altman Z-Score Distress

0.80

TXNM Energy, Inc. scores 0.80, below the 1.81 distress threshold. The score is pulled down most by current liabilities exceeding current assets by $452.9M against total assets of $12.1B. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

5/8

TXNM Energy, Inc. passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) passes.

Earnings Quality Cash-Backed

3.85x

For every $1 of reported earnings, TXNM Energy, Inc. generates $3.85 in operating cash flow ($584.5M OCF vs $151.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk

1.62x

TXNM Energy, Inc. earns $1.62 in operating income for every $1 of interest expense ($441.2M vs $271.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$548.6M

YoY+9.2%

QoQ+8.6%

5Y CAGR+5.2%

TXNM Energy, Inc. generated $548.6M in revenue in Q2 2026. This represents an increase of 9.2% from the same quarter a year earlier. Against the prior quarter it is up 8.6%.

EBITDA

$376.3M

YoY+94.3%

QoQ+85.9%

5Y CAGR+19.6%

10Y CAGR+11.8%

TXNM Energy, Inc.'s EBITDA was $376.3M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 94.3% from the same quarter a year earlier. Against the prior quarter it is up 85.9%.

Net Income

$71.4M

YoY+228.9%

QoQ+1745.3%

5Y CAGR+5.8%

10Y CAGR+10.2%

TXNM Energy, Inc. reported $71.4M in net income in Q2 2026. This represents an increase of 228.9% from the same quarter a year earlier. Against the prior quarter it is up 1745.3%.

EPS (Diluted)

$0.64

YoY+190.9%

QoQ+2033.3%

TXNM Energy, Inc. earned $0.64 per diluted share (EPS) in Q2 2026. This represents an increase of 190.9% from the same quarter a year earlier. Against the prior quarter it is up 2033.3%.

Cash & Balance Sheet

Free Cash Flow

-$195.0M

YoYn/m

QoQn/m

5Y CAGRn/m

10Y CAGRn/m

TXNM Energy, Inc. recorded an outflow of $195.0M in free cash flow in Q2 2026, representing a cash shortfall after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.

Cash & Debt

$14.6M

YoY-34.2%

QoQ+159.6%

5Y CAGR-4.6%

10Y CAGR+11.4%

TXNM Energy, Inc. held $14.6M in cash against $5.2B in long-term debt as of Q2 2026.

Dividends Per Share

$0.42

YoY+3.7%

QoQ0.0%

TXNM Energy, Inc. paid $0.42 per share in dividends in Q2 2026. This represents an increase of 3.7% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

111M

YoY+5.4%

QoQ+0.3%

TXNM Energy, Inc. had 111M shares outstanding in Q2 2026. This represents an increase of 5.4% from the same quarter a year earlier. Against the prior quarter it is up 0.3%.

Margins & Returns

Operating Margin

22.5%

YoY+8.0pp

QoQ+7.2pp

5Y change+5.1pp

TXNM Energy, Inc.'s operating margin was 22.5% in Q2 2026, reflecting core business profitability. This is up 8.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 7.2 percentage points.

Net Margin

13.0%

YoY+8.7pp

QoQ+12.3pp

5Y change+0.4pp

TXNM Energy, Inc.'s net profit margin was 13.0% in Q2 2026, showing the share of revenue converted to profit. This is up 8.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 12.3 percentage points.

Return on Equity

2.0%

YoY+1.3pp

QoQ+1.9pp

5Y change-0.6pp

10Y change+0.4pp

TXNM Energy, Inc.'s quarterly ROE was 2.0% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is up 1.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.9 percentage points.

Gross Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks

$980K

YoY-49.5%

QoQ-81.8%

5Y CAGR+1.1%

10Y CAGR-13.8%

TXNM Energy, Inc. spent $980K on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 49.5% from the same quarter a year earlier. Against the prior quarter it is down 81.8%.

Capital Expenditures

$264.8M

YoY-0.5%

QoQ-15.3%

5Y CAGR+10.2%

10Y CAGR+10.3%

TXNM Energy, Inc. invested $264.8M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 0.5% from the same quarter a year earlier. Against the prior quarter it is down 15.3%.

R&D Spending

Not reported for Q2 2026.

TXNM Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

TXNM quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$2.2B	$2.2B+9.9%	$2.0B+1.7%	$1.9B-13.8%	$2.2B+26.4%	$1.8B+16.9%	$1.5B+4.5%	$1.5B+1.5%	$1.4B-0.6%	$1.4B+6.0%	$1.4B	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	$655.8M-11.4%	$740.5M+14.1%	$648.9M+7.0%	$606.7M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$269.5M	$274.5M+11.1%	$247.1M+8.4%	$227.9M+0.3%	$227.1M-1.4%	$230.3M+6.5%	$216.3M+14.3%	$189.2M+0.4%	$188.5M+6.0%	$177.8M-3.8%	$184.8M+3.2%	$179.1M+4.7%	$171.1M-4.5%	$179.2M-4.5%	$187.7M-27.2%	$257.8M
Operating Income	$496.9M	$441.2M-2.7%	$453.5M+96.0%	$231.3M-41.2%	$393.8M+27.8%	$308.2M+8.0%	$285.3M+97.8%	$144.2M-38.9%	$236.0M-25.1%	$315.0M+10.6%	$284.7M+129.0%	$124.3M-58.5%	$299.7M+4.5%	$286.8M+4.8%	$273.7M+6.4%	$257.3M
EBITDA	N/A	$924.6M+5.5%	$876.5M+49.8%	$585.0M-20.4%	$734.9M+17.0%	$628.4M+4.7%	$599.9M+34.7%	$445.3M-13.0%	$511.7M-12.3%	$583.2M+10.7%	$526.8M+51.7%	$347.2M-31.9%	$509.6M+2.9%	$495.0M+3.1%	$480.2M+6.1%	$452.7M
Interest Expense	$273.9M	$271.5M+19.1%	$228.1M+19.8%	$190.4M+48.8%	$127.9M+32.0%	$96.9M-15.3%	$114.4M-5.5%	$121.0M-4.9%	$127.2M-0.3%	$127.6M-0.8%	$128.6M+12.0%	$114.9M-4.0%	$119.6M-1.5%	$121.4M+0.5%	$120.8M-3.2%	$124.8M
Income Tax	$20.1M	$10.2M-52.7%	$21.5Mn/m	-$16.4M-162.6%	$26.1M-19.8%	$32.6M+57.9%	$20.6Mn/m	-$25.3M-425.2%	$7.8M-94.0%	$130.3M+106.0%	$63.3M+319.8%	$15.1M-78.4%	$69.7M+17.2%	$59.5M+8.4%	$54.9M-54.8%	$121.5M
Net Income	$196.4M	$151.9M-37.4%	$242.7M+174.7%	$88.3M-48.0%	$170.1M-13.4%	$196.4M+13.3%	$173.3M+122.5%	$77.9M-9.6%	$86.2M+7.9%	$79.9M-31.6%	$116.8M+647.1%	$15.6M-86.5%	$116.3M+15.7%	$100.5M-4.8%	$105.5M-40.2%	$176.4M
EPS (Basic)	N/A	$1.49-44.2%	$2.67+161.8%	$1.02-48.2%	$1.97-13.6%	$2.28+5.6%	$2.16	$0.97	$1.07+7.0%	$1.00-32.0%	$1.47+635.0%	$0.20-86.3%	$1.46+15.9%	$1.26-4.5%	$1.32-33.3%	$1.98
EPS (Diluted)	$1.74	$1.48-44.6%	$2.67+161.8%	$1.02-48.2%	$1.97-13.2%	$2.27+5.6%	$2.15	$0.97	$1.07+7.0%	$1.00-31.5%	$1.46+630.0%	$0.20-86.2%	$1.45+16.0%	$1.25-4.6%	$1.31-33.2%	$1.96
Diluted Shares (Avg)	N/A	102M+13.0%	91M+4.9%	86M+0.2%	86M+0.1%	86M+7.2%	80M	80M	80M-0.2%	80M0.0%	80M0.0%	80M-0.2%	80M-0.2%	80M0.0%	80M-10.4%	90M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$548.6M+9.2%	$505.0M+4.6%	$533.2M+11.8%	$647.2M+13.7%	$502.4M+2.9%	$482.8M+10.5%	$477.0M+15.7%	$569.3M+12.5%
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$297.3M+67.8%
SG&A Expenses	$64.9M-14.6%	$66.9M+10.1%	$69.2M+2.9%	$68.4M+5.6%	$76.0M+27.5%	$60.8M+9.6%	$67.3M+11.6%	$64.8M+10.9%
Operating Income	$123.3M+69.6%	$77.0M+7.1%	$93.7M+23.1%	$202.9M+6.2%	$72.7M-31.2%	$71.9M-10.8%	$76.1Mn/m	$191.1M+120.5%
EBITDA	$376.3M+94.3%	$202.4M+8.7%	$216.0M+16.6%	$328.7M+10.1%	$193.6M-7.4%	$186.2M+1.4%	$185.2M+317.2%	$298.6M+70.3%
Interest Expense	$69.3M-3.7%	$68.6M+7.9%	$65.8M+11.9%	$70.1M+17.6%	$72.0M+29.0%	$63.6M+18.2%	$58.8M+9.5%	$59.7M+19.7%
Income Tax	$12.3M+825.8%	-$9K-100.9%	-$11.1M-754.8%	$18.9M-19.1%	$1.3M-85.2%	$1.0Mn/m	$1.7Mn/m	$23.4Mn/m
Net Income	$71.4M+228.9%	$3.9M-57.3%	-$9.7M-161.3%	$130.8M-0.4%	$21.7M-54.9%	$9.1M-80.9%	$15.8Mn/m	$131.3M+246.9%
EPS (Basic)	$0.64+190.9%	$0.03-70.0%	-$0.14-182.4%	$1.22-15.9%	$0.22-58.5%	$0.10-80.8%	$0.17n/m	$1.45+229.5%
EPS (Diluted)	$0.64+190.9%	$0.03-70.0%	-$0.15-188.2%	$1.22-15.9%	$0.22-58.5%	$0.10-80.8%	$0.17n/m	$1.45+229.5%
Diluted Shares (Avg)	111M+15.6%	113M+21.1%	N/A	107M+18.6%	96M+6.2%	93M+2.9%	N/A	91M+5.2%

Not reported in any period shown, so not listed: Cost of Revenue, R&D Expenses.

TXNM Balance Sheet

TXNM quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$12.1B+7.6%	$11.2B+9.4%	$10.3B+10.8%	$9.3B+6.8%	$8.7B+9.2%	$7.9B+8.8%	$7.3B+6.3%	$6.9B+3.3%	$6.6B+2.7%	$6.5B+7.7%	$6.0B+3.8%	$5.8B+6.7%	$5.4B+1.0%	$5.4B+3.2%	$5.2B
Current Assets	$564.7M+13.2%	$498.8M+4.9%	$475.5M+15.7%	$411.0M+26.6%	$324.6M-14.0%	$377.5M+28.4%	$294.0M-2.8%	$302.5M+2.8%	$294.4M-22.1%	$378.0M-2.0%	$385.6M-5.1%	$406.4M+1.2%	$401.5M-9.2%	$442.2M-4.5%	$462.8M
Cash & Equivalents	$18.3M+305.9%	$4.5M+103.1%	$2.2M-45.7%	$4.1M+269.4%	$1.1M-97.7%	$47.9M+1150.4%	$3.8M+80.6%	$2.1M-46.6%	$4.0M-28.0%	$5.5M-89.8%	$54.2M+91.8%	$28.3M+1016.2%	$2.5M-71.8%	$9.0M-40.5%	$15.1M
Short-Term Investments	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0
Inventory	$181.3M+8.7%	$166.9M+70.2%	$98.0M+46.9%	$66.7M+2.6%	$65.1M-2.0%	$66.4M-14.8%	$77.9M+8.5%	$71.8M+8.0%	$66.5M-8.9%	$73.0M+8.4%	$67.4M+5.9%	$63.6M-5.3%	$67.2M+12.7%	$59.6M+10.0%	$54.2M
Accounts Receivable	$151.8M+16.5%	$130.4M+3.2%	$126.3M-31.2%	$183.7M+49.0%	$123.3M+8.7%	$113.4M+32.0%	$85.9M-7.4%	$92.8M+2.6%	$90.5M+4.0%	$87.0M-11.8%	$98.7M+13.4%	$87.0M-3.6%	$90.3M+3.6%	$87.1M-0.8%	$87.8M
Long-Term Investments	$302K+16.6%	$259K-99.9%	$444.4M+6.5%	$417.5M-9.9%	$463.1M+5.2%	$440.1M+13.2%	$388.8M+18.5%	$328.2M+1.5%	$323.5M+18.5%	$273.0M+5.4%	$259.0M+3.6%	$250.1M+10.3%	$226.9M+17.8%	$192.5M+14.0%	$168.9M
Goodwill	$278.3M0.0%	$278.3M0.0%	$278.3M0.0%	$278.3M0.0%	$278.3M0.0%	$278.3M0.0%	$278.3M0.0%	$278.3M0.0%	$278.3M0.0%	$278.3M0.0%	$278.3M0.0%	$278.3M0.0%	$278.3M0.0%	$278.3M0.0%	$278.3M
Total Liabilities	$8.6B-0.2%	$8.6B+9.9%	$7.8B+12.0%	$7.0B+8.8%	$6.4B+10.5%	$5.8B+4.9%	$5.5B+8.7%	$5.1B+4.7%	$4.9B+3.4%	$4.7B+10.4%	$4.3B+7.2%	$4.0B+6.6%	$3.7B+1.8%	$3.7B+3.8%	$3.5B
Current Liabilities	$1.0B-42.7%	$1.8B+44.2%	$1.2B+38.2%	$890.4M+34.0%	$664.2M-32.1%	$977.7M+1.1%	$967.5M+88.8%	$512.5M-38.7%	$835.6M+3.8%	$805.1M+25.6%	$641.1M-8.9%	$704.1M+42.9%	$492.7M+13.5%	$434.1M+16.3%	$373.3M
Non-Current Liabilities	$7.6B+10.8%	$6.8B+3.5%	$6.6B+8.2%	$6.1B+5.9%	$5.8B+19.1%	$4.8B+5.8%	$4.6B-0.2%	$4.6B+13.7%	$4.0B+3.3%	$3.9B+7.7%	$3.6B+10.7%	$3.3B+1.1%	$3.2B+0.2%	$3.2B+2.4%	$3.2B
Long-Term Debt	$5.1B+18.7%	$4.3B+1.7%	$4.2B+9.0%	$3.9B+10.6%	$3.5B+29.4%	$2.7B+8.0%	$2.5B-5.7%	$2.7B+22.4%	$2.2B+2.9%	$2.1B+7.7%	$2.0B+20.7%	$1.6B-2.4%	$1.7B0.0%	$1.7B-0.1%	$1.7B
Total Equity	$3.4B+34.2%	$2.5B+8.0%	$2.3B+7.2%	$2.2B+1.1%	$2.2B+5.8%	$2.0B+22.1%	$1.7B-0.6%	$1.7B-0.4%	$1.7B+1.2%	$1.7B+1.3%	$1.7B-3.9%	$1.7B+2.9%	$1.7B+4.1%	$1.6B+2.2%	$1.6B
Retained Earnings	$866.9M-2.3%	$887.6M+12.8%	$787.1M-5.0%	$828.9M+2.3%	$810.2M+16.0%	$698.7M+11.3%	$627.5M-2.6%	$644.0M+1.6%	$633.5M+4.8%	$604.7M+8.0%	$559.8M-8.2%	$609.5M+10.1%	$553.3M+9.1%	$507.0M+13.3%	$447.6M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$12.5B+7.1%	$12.1B+6.6%	$12.1B+7.6%	$12.0B+10.4%	$11.7B+10.3%	$11.4B+11.0%	$11.2B+9.4%	$10.8B+7.9%
Current Assets	$660.4M+15.1%	$562.2M+14.9%	$564.7M+13.2%	$595.4M+20.1%	$573.7M+6.7%	$489.4M+20.0%	$498.8M+4.9%	$495.7M+1.3%
Cash & Equivalents	$14.6M-34.2%	$5.6M-7.2%	$18.3M+305.9%	$32.1M+343.2%	$22.2M+585.3%	$6.1M+102.6%	$4.5M+103.1%	$7.2M-6.9%
Short-Term Investments	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m
Inventory	$193.8M+13.2%	$189.5M+12.6%	$181.3M+8.7%	$173.0M+43.5%	$171.2M+48.7%	$168.2M+61.0%	$166.9M+70.2%	$120.5M+44.5%
Accounts Receivable	$145.4M-0.7%	$135.9M+2.7%	$151.8M+16.5%	$190.9M+27.4%	$146.4M+20.3%	$132.4M+26.1%	$130.4M+3.2%	$149.8M-14.5%
Long-Term Investments	$228K-7.3%	$264K-9.0%	$302K+16.6%	$268K+5.1%	$246K+7.4%	$290K-99.9%	$259K-99.9%	$255K-99.9%
Goodwill	$278.3M0.0%	$278.3M0.0%	$278.3M0.0%	$278.3M0.0%	$278.3M0.0%	$278.3M0.0%	$278.3M0.0%	$278.3M0.0%
Total Liabilities	$8.9B+5.3%	$8.6B-2.4%	$8.6B-0.2%	$8.5B+2.1%	$8.4B+4.0%	$8.8B+12.6%	$8.6B+9.9%	$8.3B+7.4%
Current Liabilities	$1.2B+5.7%	$1.0B-39.6%	$1.0B-42.7%	$1.2B-14.1%	$1.1B-1.6%	$1.7B+53.0%	$1.8B+44.2%	$1.4B-7.4%
Non-Current Liabilities	$7.7B+5.2%	$7.6B+6.4%	$7.6B+10.8%	$7.3B+5.3%	$7.3B+4.9%	$7.1B+5.9%	$6.8B+3.5%	$7.0B+10.8%
Long-Term Debt	$5.2B+8.5%	$5.1B+11.6%	$5.1B+18.7%	$4.7B+3.7%	$4.8B+4.0%	$4.6B+5.2%	$4.3B+1.7%	$4.5B+15.6%
Total Equity	$3.6B+12.1%	$3.5B+38.4%	$3.4B+34.2%	$3.4B+38.9%	$3.2B+32.0%	$2.5B+6.3%	$2.5B+8.0%	$2.5B+10.1%
Retained Earnings	$895.1M+1.8%	$823.9M-4.0%	$866.9M-2.3%	$924.2M+1.7%	$879.4M+3.8%	$857.8M+7.3%	$887.6M+12.8%	$908.7M+4.2%

TXNM Cash Flow Statement

TXNM quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$662.7M	$584.5M+15.0%	$508.2M-7.8%	$551.2M-2.8%	$567.3M+3.5%	$547.9M+12.8%	$485.7M-3.5%	$503.2M+17.5%	$428.2M-18.2%	$523.5M+28.2%	$408.3M+5.5%	$386.9M-6.7%	$414.9M+7.3%	$386.6M+37.4%	$281.3M-3.7%	$292.2M
Depreciation & Amortization	N/A	$483.4M+14.3%	$423.0M+19.6%	$353.7M+3.7%	$341.1M+6.5%	$320.2M+1.8%	$314.7M+4.5%	$301.1M+9.2%	$275.6M+2.8%	$268.2M+10.8%	$242.0M+8.6%	$222.9M+6.2%	$209.9M+0.8%	$208.2M+0.8%	$206.5M+5.7%	$195.4M
Stock-Based Compensation	N/A	$8.7M-8.0%	$9.5M+31.8%	$7.2M-8.1%	$7.8M-17.2%	$9.4M+16.0%	$8.1M+26.9%	$6.4M-9.9%	$7.1M+14.9%	$6.2M+9.9%	$5.6M+15.9%	$4.9M-18.0%	$5.9M+11.5%	$5.3M+48.4%	$3.6M-45.3%	$6.6M
Capital Expenditures	$1.2B	$1.2B-4.1%	$1.2B+15.9%	$1.1B+17.9%	$912.6M-2.4%	$935.0M+37.7%	$679.0M+10.2%	$616.3M+23.0%	$501.2M+0.2%	$500.5M-16.6%	$600.1M+7.4%	$558.6M+21.3%	$460.7M+32.4%	$348.0M+12.7%	$308.9M-5.5%	$326.9M
Free Cash Flow	-$502.0M	-$611.4Mn/m	-$738.9Mn/m	-$524.6Mn/m	-$345.3Mn/m	-$387.1Mn/m	-$193.3Mn/m	-$113.1Mn/m	-$73.0M-417.3%	$23.0Mn/m	-$191.8Mn/m	-$171.7Mn/m	-$45.8M-218.8%	$38.5Mn/m	-$27.6Mn/m	-$34.7M
Investing Cash Flow	-$1.2B	-$1.2Bn/m	-$1.2Bn/m	-$1.1Bn/m	-$950.3Mn/m	-$952.3Mn/m	-$733.8Mn/m	-$673.9Mn/m	-$475.7Mn/m	-$466.2Mn/m	-$699.4Mn/m	-$544.5Mn/m	-$485.3Mn/m	-$331.4Mn/m	-$285.9M-1545.5%	$19.8M
Financing Cash Flow	$513.6M	$642.5M-6.1%	$684.4M+27.4%	$537.1M+39.1%	$386.0M+8.0%	$357.6M+22.4%	$292.2M+69.4%	$172.4M+277.8%	$45.6Mn/m	-$58.8M-124.3%	$242.4M+38.2%	$175.4M+82.4%	$96.2Mn/m	-$61.6Mn/m	-$1.6Mn/m	-$312.3M
Dividends Paid	$180.6M	$163.4M+16.4%	$140.3M+10.8%	$126.7M+5.7%	$119.8M+6.1%	$113.0M+14.7%	$98.5M+6.0%	$92.9M+9.4%	$85.0M+9.2%	$77.8M+10.2%	$70.6M+9.9%	$64.3M+8.0%	$59.5M+15.5%	$51.5M+14.1%	$45.1M-1.1%	$45.7M
Share Buybacks	$10.1M	$12.0M+41.5%	$8.5M-12.3%	$9.6M+20.9%	$8.0M-21.2%	$10.1M-15.5%	$12.0M+20.8%	$9.9M-21.5%	$12.6M-9.3%	$13.9M-9.9%	$15.5M-12.8%	$17.7M+2.3%	$17.3M+25.4%	$13.8M-45.1%	$25.2M-80.0%	$125.7M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$69.8M+1873.7%	$153.2M+8.4%	$157.7M-0.6%	$282.0M+56.7%	$3.5M-95.4%	$141.3M+52.2%	$158.6M+14.5%	$180.0M+5.8%
Depreciation & Amortization	$253.0M+109.2%	$125.4M+9.7%	$122.3M+12.1%	$125.8M+17.0%	$120.9M+17.0%	$114.3M+11.0%	$109.1M+19.7%	$107.6M+21.2%
Stock-Based Compensation	$4.3M	$5.1M+71.9%	N/A	N/A	N/A	$3.0M-35.5%	N/A	N/A
Capital Expenditures	$264.8M-0.5%	$312.7M-8.7%	$309.8M-9.3%	$277.3M-14.3%	$266.2M-9.1%	$342.6M+18.5%	$341.5M+27.5%	$323.7M+19.5%
Free Cash Flow	-$195.0Mn/m	-$159.5Mn/m	-$152.1Mn/m	$4.7Mn/m	-$262.6Mn/m	-$201.4Mn/m	-$182.9Mn/m	-$143.7Mn/m
Investing Cash Flow	-$265.7Mn/m	-$315.4Mn/m	-$326.6Mn/m	-$279.2Mn/m	-$266.3Mn/m	-$345.0Mn/m	-$368.5Mn/m	-$326.4Mn/m
Financing Cash Flow	$211.0M-25.8%	$142.0M-28.1%	$160.9M-25.3%	-$314K-100.2%	$284.4M+25.4%	$197.6M+98.5%	$215.5M+60.7%	$142.5M+27.7%
Dividends Paid	$46.9M+23.8%	$46.2M+21.8%	$44.5M+26.9%	$43.1M+22.8%	$37.9M+8.0%	$37.9M+8.0%	$35.1M+10.8%	$35.1M+10.8%
Share Buybacks	$980K-49.5%	$5.4M-14.6%	$3.5M+641.9%	$184K-89.4%	$1.9M+140.3%	$6.3M+15.9%	$477K+3080.0%	$1.7M+13246.2%

TXNM Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

TXNM quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	N/A	N/A	33.8%+0.9pp	32.9%-3.5pp	36.5%-3.4pp	39.8%	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	20.4%-2.6pp	23.0%+11.1pp	11.9%-5.6pp	17.5%+0.2pp	17.3%-1.4pp	18.7%+8.8pp	9.9%-6.5pp	16.4%-5.4pp	21.8%+0.9pp	20.9%	N/A	N/A	N/A	N/A	N/A
Net Margin	7.0%-5.3pp	12.3%+7.8pp	4.6%-3.0pp	7.6%-3.5pp	11.0%-0.4pp	11.4%+6.0pp	5.3%-0.7pp	6.0%+0.5pp	5.5%-3.0pp	8.6%	N/A	N/A	N/A	N/A	N/A
Return on Equity	4.5%-5.1pp	9.6%+5.8pp	3.8%-4.0pp	7.8%-1.3pp	9.1%+0.6pp	8.5%+3.8pp	4.6%-0.5pp	5.1%+0.4pp	4.7%-2.3pp	7.0%+6.0pp	0.9%-5.8pp	6.8%+0.7pp	6.0%-0.6pp	6.6%-4.6pp	11.2%
Return on Assets	1.3%-0.9pp	2.2%+1.3pp	0.9%-1.0pp	1.8%-0.4pp	2.3%+0.1pp	2.2%+1.1pp	1.1%-0.2pp	1.3%+0.1pp	1.2%-0.6pp	1.8%+1.6pp	0.3%-1.8pp	2.0%+0.2pp	1.8%-0.1pp	2.0%-1.4pp	3.4%
Current Ratio	0.55+0.3x	0.28-0.1x	0.39-0.1x	0.460.0x	0.49+0.1x	0.39+0.1x	0.30-0.3x	0.59+0.2x	0.35-0.1x	0.47-0.1x	0.600.0x	0.58-0.2x	0.81-0.2x	1.02-0.2x	1.24
Debt-to-Equity	1.50-0.2x	1.70-0.1x	1.810.0x	1.78+0.2x	1.62+0.3x	1.33-0.2x	1.50-0.1x	1.58+0.3x	1.290.0x	1.26+0.1x	1.19+0.2x	0.95-0.1x	1.000.0x	1.040.0x	1.06
Liabilities-to-Equity	2.53-0.9x	3.40+0.1x	3.34+0.1x	3.19+0.2x	2.97+0.1x	2.84-0.5x	3.30+0.3x	3.02+0.1x	2.87+0.1x	2.81+0.2x	2.58+0.3x	2.31+0.1x	2.230.0x	2.280.0x	2.25
Asset Turnover	0.180.0x	0.180.0x	0.19-0.1x	0.240.0x	0.210.0x	0.190.0x	0.200.0x	0.210.0x	0.220.0x	0.21	N/A	N/A	N/A	N/A	N/A
FCF Margin	-28.2%+9.3pp	-37.5%-10.4pp	-27.1%-11.7pp	-15.3%+6.4pp	-21.8%-9.1pp	-12.7%-4.9pp	-7.8%-2.7pp	-5.1%-6.7pp	1.6%+15.7pp	-14.1%	N/A	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	52.2%+17.2pp
Operating Margin	22.5%+8.0pp	15.3%+0.4pp	17.6%+1.6pp	31.4%-2.2pp	14.5%-7.2pp	14.9%-3.6pp	16.0%+27.3pp	33.6%+16.4pp
Net Margin	13.0%+8.7pp	0.8%-1.1pp	-1.8%-5.1pp	20.2%-2.8pp	4.3%-5.5pp	1.9%-8.9pp	3.3%+15.5pp	23.1%+15.6pp
Return on Equity	2.0%+1.3pp	0.1%-0.2pp	-0.3%-0.9pp	3.8%-1.5pp	0.7%-1.3pp	0.4%-1.7pp	0.6%+2.8pp	5.3%+3.7pp
Return on Assets	0.6%+0.4pp	0.0%-0.1pp	-0.1%-0.2pp	1.1%-0.1pp	0.2%-0.3pp	0.1%-0.4pp	0.1%+0.6pp	1.2%+0.8pp
Current Ratio	0.560.0x	0.55+0.3x	0.55+0.3x	0.51+0.1x	0.510.0x	0.29-0.1x	0.28-0.1x	0.360.0x
Debt-to-Equity	1.460.0x	1.48-0.4x	1.50-0.2x	1.37-0.5x	1.51-0.4x	1.830.0x	1.70-0.1x	1.83+0.1x
Liabilities-to-Equity	2.50-0.2x	2.49-1.0x	2.53-0.9x	2.49-0.9x	2.66-0.7x	3.53+0.2x	3.40+0.1x	3.38-0.1x
Asset Turnover	0.040.0x	0.040.0x	0.040.0x	0.050.0x	0.040.0x	0.040.0x	0.040.0x	0.050.0x
FCF Margin	-35.5%+16.7pp	-31.6%+10.1pp	-28.5%+9.8pp	0.7%+26.0pp	-52.3%-8.0pp	-41.7%+3.2pp	-38.3%-7.0pp	-25.2%-5.3pp

Note: The current ratio is below 1.0 (0.55), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
TXNM Energy, Inc. TXNM	FY2025	$2.2B	$151.9M	7.0%	$6.4B	34/100
Enel Chile S.A. ENIC	FY2025	$4.5B	$584.9M	13.0%	$6.0B	78/100
IDACORP, Inc. IDA	FY2025	$1.7B	$323.5M	18.5%	$8.1B	55/100
Portland General Electric Company POR	FY2025	$3.6B	$306.0M	8.6%	$5.2B	62/100
NorthWestern Energy Group, Inc. NWE	FY2025	$1.6B	$181.1M	11.2%	$4.8B	51/100
OGE Energy Corp. OGE	FY2025	$3.3B	$470.7M	14.4%	$10.0B	67/100

Where TXNM Energy, Inc. Ranks

Frequently Asked Questions

What is TXNM Energy, Inc.'s annual revenue?

TXNM Energy, Inc. (TXNM) reported $2.2B in total revenue for fiscal year 2025. This represents a 9.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is TXNM Energy, Inc.'s revenue growing?

TXNM Energy, Inc. (TXNM) revenue grew by 9.9% year-over-year, from $2.0B to $2.2B in fiscal year 2025.

Is TXNM Energy, Inc. profitable?

Yes, TXNM Energy, Inc. (TXNM) reported a net income of $196.4M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net income of $151.9M, with a net profit margin of 7.0%.

What is TXNM Energy, Inc.'s EBITDA?

TXNM Energy, Inc. (TXNM) had EBITDA of $924.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does TXNM Energy, Inc. have?

As of fiscal year 2025, TXNM Energy, Inc. (TXNM) had $18.3M in cash and equivalents against $5.1B in long-term debt.

What is TXNM Energy, Inc.'s operating margin?

TXNM Energy, Inc. (TXNM) had an operating margin of 20.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is TXNM Energy, Inc.'s net profit margin?

TXNM Energy, Inc. (TXNM) had a net profit margin of 7.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does TXNM Energy, Inc. pay dividends?

Yes, TXNM Energy, Inc. (TXNM) paid $1.65 per share in dividends during fiscal year 2025.

What is TXNM Energy, Inc.'s return on equity (ROE)?

TXNM Energy, Inc. (TXNM) has a return on equity of 4.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is TXNM Energy, Inc.'s free cash flow?

TXNM Energy, Inc. (TXNM) recorded an outflow of $611.4M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is TXNM Energy, Inc.'s operating cash flow?

TXNM Energy, Inc. (TXNM) generated $584.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are TXNM Energy, Inc.'s total assets?

TXNM Energy, Inc. (TXNM) had $12.1B in total assets as of fiscal year 2025, including both current and long-term assets.

What are TXNM Energy, Inc.'s capital expenditures?

TXNM Energy, Inc. (TXNM) invested $1.2B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does TXNM Energy, Inc. buy back shares?

Yes, TXNM Energy, Inc. (TXNM) spent $12.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does TXNM Energy, Inc. have outstanding?

TXNM Energy, Inc. (TXNM) had 109M shares outstanding as of fiscal year 2025.

What is TXNM Energy, Inc.'s current ratio?

TXNM Energy, Inc. (TXNM) had a current ratio of 0.55 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is TXNM Energy, Inc.'s debt-to-equity ratio?

TXNM Energy, Inc. (TXNM) had a debt-to-equity ratio of 1.50 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.

What is TXNM Energy, Inc.'s liabilities-to-equity ratio?

TXNM Energy, Inc. (TXNM) had a liabilities-to-equity ratio of 2.53 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.

What is TXNM Energy, Inc.'s return on assets (ROA)?

TXNM Energy, Inc. (TXNM) had a return on assets of 1.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is TXNM Energy, Inc.'s P/E ratio?

TXNM Energy, Inc. (TXNM) trades at 32.7x earnings, its market capitalization divided by $196.4M net income, trailing 12 months to June 30, 2026. The market capitalization is $6.4B as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is TXNM Energy, Inc.'s price-to-sales ratio?

TXNM Energy, Inc. (TXNM) trades at 2.9x sales, its market capitalization divided by $2.2B revenue, trailing 12 months to June 30, 2026. The market capitalization is $6.4B as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is TXNM Energy, Inc.'s Altman Z-Score?

TXNM Energy, Inc. (TXNM) has an Altman Z-Score of 0.80, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is TXNM Energy, Inc.'s Piotroski F-Score?

TXNM Energy, Inc. (TXNM) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are TXNM Energy, Inc.'s earnings high quality?

TXNM Energy, Inc. (TXNM) has an earnings quality ratio of 3.85x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can TXNM Energy, Inc. cover its interest payments?

TXNM Energy, Inc. (TXNM) has an interest coverage ratio of 1.62x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is TXNM Energy, Inc.?

TXNM Energy, Inc. (TXNM) scores 34 out of 100 on our Financial Health Score, indicating weak standing within its utilities peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.