TXNM Energy Inc (TXNM) stock
TXNMNYSEElectric ServicesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 30, 2026Score 5/303% above fair value
$58.82−0.01 (-0.02%)
Close on Nov 12, 2026Market cap $6.48BP/E 28.3Yield 2.81%
TXNM Energy operating margin
Operating margin is operating income as a percentage of revenue.
TXNM Energy's operating margin for the twelve months ending Sep 30, 2026 was 24.4%. For fiscal 2025 it was 20.4%, against 23.0% the year before. The highest annual figure on record is 23.0% in fiscal 2024.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 20.4% | −2.6 |
| FY2024 | Dec 31, 2024 | 23.0% | +11.1 |
| FY2023 | Dec 31, 2023 | 11.9% | −5.6 |
| FY2022 | Dec 31, 2022 | 17.5% | +0.2 |
| FY2021 | Dec 31, 2021 | 17.3% | −1.4 |
| FY2020 | Dec 31, 2020 | 18.7% | +8.8 |
| FY2019 | Dec 31, 2019 | 9.9% | −6.5 |
| FY2018 | Dec 31, 2018 | 16.4% | −5.4 |
| FY2017 | Dec 31, 2017 | 21.8% | +0.9 |
| FY2016 | Dec 31, 2016 | 20.9% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 37.0% | +5.6 |
| Q2 FY2026 | Jun 30, 2026 | 22.5% | +8.0 |
| Q1 FY2026 | Mar 31, 2026 | 15.3% | +0.4 |
| Q4 FY2025 | Dec 31, 2025 | 17.6% | +1.6 |
| Q3 FY2025 | Sep 30, 2025 | 31.3% | −2.2 |
| Q2 FY2025 | Jun 30, 2025 | 14.5% | −7.2 |
| Q1 FY2025 | Mar 31, 2025 | 14.9% | −3.6 |
| Q4 FY2024 | Dec 31, 2024 | 16.0% | +27.3 |
| Q3 FY2024 | Sep 30, 2024 | 33.6% | +16.4 |
| Q2 FY2024 | Jun 30, 2024 | 21.7% | +2.3 |
| Q1 FY2024 | Mar 31, 2024 | 18.4% | +0.2 |
| Q4 FY2023 | Dec 31, 2023 | -11.3% | −21.2 |
| Q3 FY2023 | Sep 30, 2023 | 17.1% | −7.9 |
| Q2 FY2023 | Jun 30, 2023 | 19.4% | +2.1 |
| Q1 FY2023 | Mar 31, 2023 | 18.2% | +2.9 |
| Q4 FY2022 | Dec 31, 2022 | 9.8% | +0.8 |
| Q3 FY2022 | Sep 30, 2022 | 25.0% | −2.3 |
| Q2 FY2022 | Jun 30, 2022 | 17.3% | −0.1 |
| Q1 FY2022 | Mar 31, 2022 | 15.3% | +3.5 |
| Q4 FY2021 | Dec 31, 2021 | 9.0% | +3.8 |
| Q3 FY2021 | Sep 30, 2021 | 27.4% | −3.9 |
| Q2 FY2021 | Jun 30, 2021 | 17.4% | −2.5 |
| Q1 FY2021 | Mar 31, 2021 | 11.8% | −2.5 |
| Q4 FY2020 | Dec 31, 2020 | 5.2% | −12.4 |
| Q3 FY2020 | Sep 30, 2020 | 31.3% | −1.1 |
| Q2 FY2020 | Jun 30, 2020 | 19.9% | +48.2 |
| Q1 FY2020 | Mar 31, 2020 | 14.3% | +3.8 |
| Q4 FY2019 | Dec 31, 2019 | 17.6% | +22.7 |
| Q3 FY2019 | Sep 30, 2019 | 32.4% | +2.1 |
| Q2 FY2019 | Jun 30, 2019 | -28.3% | −50.9 |
| Q1 FY2019 | Mar 31, 2019 | 10.5% | −4.0 |
| Q4 FY2018 | Dec 31, 2018 | -5.1% | −12.0 |
| Q3 FY2018 | Sep 30, 2018 | 30.3% | −3.7 |
| Q2 FY2018 | Jun 30, 2018 | 22.5% | −1.0 |
| Q1 FY2018 | Mar 31, 2018 | 14.5% | −2.4 |
| Q4 FY2017 | Dec 31, 2017 | 6.9% | – |
| Q3 FY2017 | Sep 30, 2017 | 33.9% | – |
| Q2 FY2017 | Jun 30, 2017 | 23.5% | – |
| Q1 FY2017 | Mar 31, 2017 | 16.9% | – |
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