TXNM Energy, Inc. (TXNM) Stock Analysis
Utilities · Utilities - Regulated Electric · NYSE
TXNM Energy, Inc. (TXNM) posted $2.17B in revenue for fiscal 2025 (up 9.9% year over year), at a 7.0% net margin, and has compounded revenue about 7.3%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on TXNM Energy, Inc.
TXNM Energy, Inc. has grown revenue from $1.36B to $2.17B over the last 10 fiscal years, compounding about 7.3% a year. The most recent year was up 9.9%, so growth is actually accelerating.
Net margin sits at 7%, down 5.3 points year over year. It carries about $5.30B of total debt.
The one thing worth a second look in the filings is share count rising (dilution).
Synthesised from TXNM Energy, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
TXNM Energy, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.36B | $1.45B | $1.44B | $1.46B | $1.52B | $1.78B | $2.25B | $1.94B | $1.97B | $2.17B |
| Gross profit | — | — | — | — | $606.73M | $648.95M | $740.46M | $655.83M | — | — |
| Net income | $116.85M | $79.87M | $101.28M | $92.13M | $187.32M | $211.85M | $169.53M | $87.82M | $242.15M | $151.36M |
| Net margin | 8.6% | 5.5% | 7.1% | 6.3% | 12.3% | 11.9% | 7.5% | 4.5% | 12.3% | 7.0% |
Source: TXNM Energy, Inc. SEC filings (10-K). 18 years of history available in the interactive view.
TXNM Energy, Inc.: 2 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Share count rising (dilution)Shares outstanding grew 26.9% over 4 years (85.8M → 108.9M) — existing holders' stakes are being diluted.
- Heavy debt loadTotal debt of $5600M is 9.6× last year's operating cash flow — it would take years of cash flow to clear.
Explore 18 years of TXNM Energy, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
Open the interactive view — freeOr start a 7-day free trial to track TXNM in your portfolio →
TXNM Energy, Inc. financial history by metric
Compare TXNM Energy, Inc. with peers
About TXNM Energy, Inc.
TXNM Energy, Inc., through its subsidiaries, provides electricity and electric services in the United States. The company engages in the generation, transmission, and distribution of electricity for retail electric customers; and owns and leases communications, office and other equipment, office space, vehicles, energy storage facilities, and real estate. It also provides regulated transmission and distribution services in Texas, as well as owns and leases vehicles, service facilities, and office locations throughout its service territory. It serves residential, commercial, and industrial customers and end-users of electricity in New Mexico and Texas. The company was formerly known as PNM Resources, Inc and changed its name to TXNM Energy, Inc. in August 2024. TXNM Energy, Inc. was founded in 1882 and is based in Albuquerque, New Mexico.
TXNM Energy, Inc. — frequently asked questions
What is TXNM Energy, Inc.'s revenue?
TXNM Energy, Inc. (TXNM) reported revenue of $2.17B for fiscal year 2025, up 9.9% from the prior year, according to its SEC filings.
Is TXNM Energy, Inc. profitable?
Yes. TXNM earned net income of $151.36M in fiscal 2025, a net margin of 7.0%.
What is TXNM's P/E ratio?
TXNM Energy, Inc. trades at a price-to-earnings ratio of about 40.8 based on the latest data in our nightly-refreshed cache.
How fast is TXNM Energy, Inc. growing?
TXNM's revenue grew at roughly 7.3% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does TXNM Energy, Inc. have?
As of fiscal year 2025, TXNM carried roughly $5.30B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is TXNM Energy, Inc.'s market cap?
TXNM Energy, Inc. (TXNM) has a market capitalization of about $6.37B, based on the latest data in our nightly-refreshed cache.
When does TXNM Energy, Inc.'s fiscal year end?
TXNM's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from TXNM Energy, Inc.'s official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.