TXNM Energy (TXNM) Financials

$56.67 -0.07 (-0.12%)

Closing price 05/30/2025 03:59 PM Eastern

Extended Trading

$56.66 -0.01 (-0.01%)

As of 05/30/2025 05:38 PM Eastern

Annual Income Statements for TXNM Energy

This table shows TXNM Energy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	242	88	170	196	173	77	86	80	117	16
Consolidated Net Income / (Loss)	259	107	185	212	187	92	101	95	132	31
Net Income / (Loss) Continuing Operations	259	107	185	212	187	92	101	95	502	31
Total Pre-Tax Income	280	91	211	244	208	67	109	226	195	46
Total Operating Income	453	231	394	308	285	144	236	315	285	124
Total Gross Profit	1,095	851	927	823	777	601	731	725	1,049	489
Total Revenue	1,971	1,939	2,250	1,780	1,523	1,458	1,437	1,445	1,363	1,439
Operating Revenue	1,971	1,939	-	1,780	1,523	1,458	1,437	1,445	1,363	1,439
Total Cost of Revenue	877	1,089	1,323	957	746	856	705	720	314	950
Operating Cost of Revenue	776	993	1,230	871	664	776	626	644	238	878
Other Cost of Revenue	101	96	93	86	82	80	80	77	76	72
Total Operating Expenses	641	619	532	514	492	457	495	410	394	365
Selling, General & Admin Expense	247	228	227	230	216	189	188	178	185	179
Depreciation Expense	385	320	305	284	276	268	241	232	209	186
Other Operating Expenses / (Income)	8.98	72	-	-	-	-	-	-	-	-
Total Other Income / (Expense), net	-173	-141	-182	-64	-77	-77	-127	-89	-90	-78
Interest Expense	228	190	128	97	114	121	127	128	129	115
Interest & Investment Income	50	41	-62	32	36	44	-1.64	43	42	23
Other Income / (Expense), net	4.43	8.34	7.72	1.64	1.24	0.05	1.89	-4.73	-2.73	14
Income Tax Expense	22	-16	26	33	21	-25	7.78	130	63	15
Preferred Stock Dividends Declared	0.53	0.53	-	0.53	0.53	0.53	0.53	0.53	0.53	0.53
Net Income / (Loss) Attributable to Noncontrolling Interest	16	19	15	15	14	14	15	15	15	15
Basic Earnings per Share	$2.67	$1.02	$1.97	$2.28	$2.16	$0.97	$1.07	$1.00	$1.47	$0.20
Weighted Average Basic Shares Outstanding	131.78M	129.32M	124.96M	124.96M	124.96M	118.78B	118.78M	79.89M	79.76M	79.76M
Diluted Earnings per Share	$2.67	$1.02	$1.97	$2.27	$2.15	$0.97	$1.07	$1.00	$1.46	$0.20
Weighted Average Diluted Shares Outstanding	131.78M	129.32M	124.96M	124.96M	124.96M	118.78B	118.78M	79.89M	79.76M	79.76M
Weighted Average Basic & Diluted Shares Outstanding	131.78M	129.32M	124.96M	124.96M	124.96M	118.78B	118.78M	79.89M	79.76M	79.76M
Cash Dividends to Common per Share	$1.57	$1.49	$1.41	$1.33	$1.25	$1.18	$1.09	$0.99	$0.90	$0.82

This table shows TXNM Energy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	16	131	48	47	-50	38	45	55	16	122
Consolidated Net Income / (Loss)	20	136	52	50	-46	43	49	60	20	127
Net Income / (Loss) Continuing Operations	20	136	52	50	-46	43	49	60	20	127
Total Pre-Tax Income	22	160	61	38	-75	38	58	70	29	140
Total Operating Income	76	191	106	81	-47	87	92	99	57	183
Total Gross Profit	242	359	260	234	162	228	229	232	195	317
Total Revenue	477	569	488	437	412	506	477	544	576	730
Operating Revenue	477	569	488	437	412	506	477	544	-	730
Total Cost of Revenue	235	210	228	203	251	278	248	312	381	412
Operating Cost of Revenue	211	184	204	177	227	256	224	286	359	390
Other Cost of Revenue	25	26	24	26	24	22	24	26	22	23
Total Operating Expenses	166	168	154	153	208	141	137	133	138	135
Selling, General & Admin Expense	67	65	60	55	60	58	54	55	62	58
Depreciation Expense	100	97	94	93	82	80	79	78	76	77
Other Operating Expenses / (Income)	-1.62	6.14	0.00	4.46	66	2.32	3.73	0.00	-	-
Total Other Income / (Expense), net	-54	-31	-45	-43	-28	-49	-35	-29	-27	-43
Interest Expense	59	60	56	54	54	50	46	41	38	35
Interest & Investment Income	0.34	22	5.03	23	24	-3.04	9.14	11	10	-12
Other Income / (Expense), net	4.03	5.97	6.05	-12	1.78	3.87	2.09	0.60	0.40	3.72
Income Tax Expense	1.70	23	8.97	-13	-29	-5.27	8.23	9.78	9.15	13
Preferred Stock Dividends Declared	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	-	0.13
Net Income / (Loss) Attributable to Noncontrolling Interest	4.15	5.06	3.78	3.04	4.36	5.06	3.99	5.13	4.23	4.17
Basic Earnings per Share	$0.17	$1.45	$0.53	$0.52	($0.59)	$0.44	$0.53	$0.64	$0.18	$1.42
Weighted Average Basic Shares Outstanding	131.78M	129.32M	129.32M	129.32M	129.32M	124.96M	124.96M	124.96M	124.96M	124.96M
Diluted Earnings per Share	$0.17	$1.45	$0.53	$0.52	($0.59)	$0.44	$0.53	$0.64	$0.18	$1.42
Weighted Average Diluted Shares Outstanding	131.78M	129.32M	129.32M	129.32M	129.32M	124.96M	124.96M	124.96M	124.96M	124.96M
Weighted Average Basic & Diluted Shares Outstanding	131.78M	129.32M	129.32M	129.32M	129.32M	124.96M	124.96M	124.96M	124.96M	124.96M

This table details how cash moves in and out of TXNM Energy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	18	-0.14	2.97	-47	44	1.71	-1.85	23	-49	-150
Net Cash From Operating Activities	508	551	567	548	486	503	428	523	408	387
Net Cash From Continuing Operating Activities	508	551	567	547	486	503	426	522	408	219
Net Income / (Loss) Continuing Operations	259	107	185	212	187	92	101	95	132	31
Consolidated Net Income / (Loss)	259	107	185	212	187	92	101	95	132	31
Depreciation Expense	423	354	341	320	315	301	276	268	242	223
Non-Cash Adjustments To Reconcile Net Income	-8.68	61	89	-1.95	-20	121	81	0.64	-0.76	-18
Changes in Operating Assets and Liabilities, net	-165	30	-48	17	3.83	-11	-32	158	35	-17
Net Cash From Investing Activities	-1,174	-1,088	-950	-952	-734	-674	-476	-466	-699	-545
Net Cash From Continuing Investing Activities	-1,174	-1,088	-950	-952	-734	-674	-476	-466	-699	-545
Purchase of Property, Plant & Equipment	-1,247	-1,076	-913	-935	-679	-616	-501	-500	-600	-559
Acquisitions	-13	-26	0.00	0.00	-23	-38	-9.00	-4.08	0.00	0.00
Purchase of Investments	-757	-593	-565	-478	-608	-514	-1,007	-650	-661	-263
Sale of Property, Plant & Equipment	2.84	33	0.00	0.00	-	-	-	-	-	-
Divestitures	117	0.00	0.00	-	-	-	-	-	-	-
Sale and/or Maturity of Investments	707	574	526	460	591	495	1,041	637	553	252
Other Investing Activities, net	15	0.04	0.67	-0.01	-15	-0.04	0.34	51	8.73	24
Net Cash From Financing Activities	684	537	386	358	292	172	46	-59	242	175
Net Cash From Continuing Financing Activities	684	537	386	358	292	172	46	-35	242	175
Repayment of Debt	-3,385	-3,249	-1,845	-1,397	-1,142	-465	-829	-306	-459	-340
Repurchase of Common Equity	-8.46	-9.65	-7.98	-10	-12	-9.92	-13	-14	-15	-18
Payment of Dividends	-159	-148	-137	-132	-117	-108	-102	-96	-88	-81
Issuance of Debt	4,125	3,717	2,388	1,816	1,268	745	985	317	790	609
Issuance of Common Equity	99	198	0.00	0.00	283	0.00	0.00	-	-	-
Other Financing Activities, net	13	29	-11	81	11	11	5.02	64	14	5.65
Cash Interest Paid	208	155	118	91	107	115	119	121	115	103
Cash Income Taxes Paid	-1.00	1.51	-1.01	1.04	0.97	-2.93	0.84	0.63	-0.31	-1.89

This table details how cash moves in and out of TXNM Energy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	5.65	-3.88	8.41	7.97	-3.83	0.13	3.51	0.05	-52	11
Net Cash From Operating Activities	159	180	77	93	139	170	111	132	140	210
Net Cash From Continuing Operating Activities	159	180	77	93	139	170	111	132	140	210
Net Income / (Loss) Continuing Operations	20	136	52	50	-46	43	49	60	20	127
Consolidated Net Income / (Loss)	20	136	52	50	-46	43	49	60	20	127
Depreciation Expense	109	108	103	103	91	89	87	87	85	86
Non-Cash Adjustments To Reconcile Net Income	6.63	-5.47	2.52	-12	50	12	0.74	-2.14	-2.84	17
Changes in Operating Assets and Liabilities, net	23	-58	-81	-48	43	27	-26	-14	37	-20
Net Cash From Investing Activities	-369	-326	-295	-184	-277	-282	-279	-251	-239	-232
Net Cash From Continuing Investing Activities	-369	-326	-295	-184	-277	-282	-279	-251	-239	-232
Purchase of Property, Plant & Equipment	-342	-324	-293	-289	-268	-271	-273	-264	-210	-227
Purchase of Investments	-0.21	-339	-113	-305	-170	-142	-186	-96	-232	-98
Sale and/or Maturity of Investments	-38	333	110	303	162	138	183	92	203	92
Other Investing Activities, net	12	3.43	-0.03	-0.02	-	0.04	-0.00	0.01	-0.02	0.18
Net Cash From Financing Activities	216	142	227	100	134	112	171	120	98	25
Net Cash From Continuing Financing Activities	216	142	227	100	134	112	171	120	47	34
Repayment of Debt	-561	-549	-1,597	-678	-958	-429	-1,403	-458	-1,660	-282
Repurchase of Common Equity	-0.48	-1.74	-0.81	-5.44	-0.02	-0.01	-1.22	-8.39	-0.13	-0.22
Payment of Dividends	-40	-41	-39	-39	-37	-37	-37	-37	-35	-34
Issuance of Debt	710	766	1,874	776	929	563	1,590	635	1,830	320
Other Financing Activities, net	8.21	-31	-9.82	46	2.04	15	23	-11	-88	30
Cash Interest Paid	61	50	49	49	33	39	43	40	39	29
Cash Income Taxes Paid	-0.60	-	0.09	-0.49	0.11	-	1.40	0.00	-1.92	-

This table presents TXNM Energy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	11,212	10,253	9,257	8,667	7,940	7,299	6,866	6,646	6,471	6,009
Total Current Assets	499	476	411	325	377	294	303	294	378	386
Cash & Equivalents	4.50	2.22	4.08	1.10	48	3.83	2.12	3.97	4.52	46
Short-Term Investments	476	444	-	-	-	-	-	-	-	-
Accounts Receivable	237	267	267	209	193	155	161	162	174	179
Inventories, net	167	98	67	65	66	78	72	67	73	67
Prepaid Expenses	25	20	18	37	42	-	-	-	-	-
Current Deferred & Refundable Income Taxes	7.68	6.70	2.35	4.88	5.67	4.93	7.97	6.88	6.07	5.85
Other Current Assets	58	82	52	16	23	52	59	51	83	87
Plant, Property, & Equipment, net	8,466	7,639	7,000	6,778	11,930	5,466	5,235	4,984	4,905	4,535
Plant, Property & Equipment, gross	11,266	10,366	9,633	16,111	14,765	8,180	7,839	7,573	7,240	6,594
Accumulated Depreciation	2,829	2,756	2,660	2,953	2,835	2,714	2,604	2,593	2,335	2,059
Total Noncurrent Assets	1,772	1,693	3,095	1,475	1,482	1,526	1,328	1,368	1,188	1,088
Long-Term Investments	0.26	120	418	463	440	454	355	341	274	260
Goodwill	278	278	278	278	278	278	278	278	278	278
Intangible Assets	273	182	-	-	105	131	0.00	-	-	-
Other Noncurrent Operating Assets	1,220	1,113	2,399	733	659	662	695	696	580	550
Total Liabilities & Shareholders' Equity	11,212	10,253	9,257	8,667	7,940	7,299	6,866	6,646	6,471	6,009
Total Liabilities	8,617	7,842	7,001	6,432	5,820	5,545	5,101	4,873	4,715	4,272
Total Current Liabilities	1,775	1,231	890	664	978	967	512	836	794	629
Short-Term Debt	1,221	542	417	242	635	675	236	562	560	376
Accounts Payable	204	205	216	188	169	103	112	121	87	100
Customer Deposits	6.53	6.24	6.12	5.10	6.61	11	11	11	-	-
Dividends Payable	37	35	32	0.13	28	25	23	21	19	18
Other Taxes Payable	105	99	77	70	68	77	65	62	62	58
Other Current Liabilities	202	344	143	174	63	77	65	57	65	77
Total Noncurrent Liabilities	6,842	6,611	6,122	5,768	4,842	4,578	4,589	4,049	3,910	3,630
Long-Term Debt	4,312	4,242	3,893	3,520	2,720	2,517	2,670	2,181	2,119	1,967
Asset Retirement Reserve & Litigation Obligation	993	1,017	979	1,076	1,034	1,048	1,050	1,080	583	579
Noncurrent Deferred Revenue	359	319	342	333	255	186	168	132	141	134
Noncurrent Deferred & Payable Income Tax Liabilities	899	845	823	765	695	626	601	547	941	877
Noncurrent Employee Benefit Liabilities	23	21	33	19	58	95	100	94	126	73
Other Noncurrent Operating Liabilities	255	167	53	56	-	106	0.00	15	0.00	-
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	12	12	-	12	12	12	12	-	12	12
Total Equity & Noncontrolling Interests	2,583	2,399	2,245	2,223	2,108	1,742	1,753	1,761	1,745	1,726
Total Preferred & Common Equity	2,536	2,349	2,192	2,168	2,049	1,679	1,688	1,695	1,676	1,655
Total Common Equity	2,536	2,349	2,192	2,168	2,049	1,679	1,688	1,695	1,676	1,655
Common Stock	1,724	1,625	1,429	1,429	1,430	1,151	1,153	1,158	1,164	1,166
Retained Earnings	888	787	829	810	699	628	644	634	605	560
Accumulated Other Comprehensive Income / (Loss)	-76	-63	-66	-72	-79	-99	-109	-96	-92	-71
Noncontrolling Interest	47	50	53	55	59	63	64	66	69	71

This table presents TXNM Energy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	10,843	10,583	10,258	10,051	9,627	76	9,029
Total Current Assets	496	538	408	489	405	76	410
Cash & Equivalents	7.24	3.24	2.99	7.77	7.64	-	5.62
Short-Term Investments	454	-	-	-	-	-	-
Accounts Receivable	275	302	200	269	220	-	266
Inventories, net	121	115	104	83	81	76	65
Prepaid Expenses	34	0.00	0.00	-	-	-	-
Current Deferred & Refundable Income Taxes	5.32	-	-	-	-	-	-
Other Current Assets	53	59	61	99	60	-	51
Plant, Property, & Equipment, net	8,238	7,975	7,760	7,440	7,244	0.00	6,794
Plant, Property & Equipment, gross	11,122	10,755	10,501	10,062	9,818	-	9,318
Accumulated Depreciation	2,910	2,855	2,813	2,729	2,680	-	2,621
Total Noncurrent Assets	1,656	1,630	1,641	1,581	1,438	0.00	1,357
Long-Term Investments	0.26	0.23	0.19	0.17	0.18	-	0.16
Goodwill	278	278	278	278	278	-	278
Intangible Assets	175	177	179	186	50	-	62
Other Noncurrent Operating Assets	1,203	1,174	1,183	1,117	1,110	-	1,016
Total Liabilities & Shareholders' Equity	10,843	10,583	10,258	10,051	9,627	12,156	9,029
Total Liabilities	8,324	8,120	7,841	7,753	7,302	1,147	6,762
Total Current Liabilities	1,370	1,000	942	1,479	1,108	142	426
Short-Term Debt	871	567	528	908	327	-	60
Accounts Payable	136	140	133	157	148	142	127
Customer Deposits	6.53	-	-	-	-	-	-
Dividends Payable	35	-	-	-	-	-	-
Other Taxes Payable	116	91	88	86	69	-	87
Other Current Liabilities	205	201	191	225	108	-	151
Total Noncurrent Liabilities	6,954	6,982	6,734	6,274	6,194	1,005	6,095
Long-Term Debt	4,511	4,597	4,355	3,903	3,928	-	3,894
Asset Retirement Reserve & Litigation Obligation	1,022	1,024	1,025	993	994	-	993
Noncurrent Deferred Revenue	363	331	334	323	346	-	351
Noncurrent Deferred & Payable Income Tax Liabilities	886	854	836	859	861	1,005	807
Noncurrent Employee Benefit Liabilities	13	16	19	28	29	-	9.42
Other Noncurrent Operating Liabilities	158	160	166	169	35	-	42
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	12	-	-	-	-	-	-
Total Equity & Noncontrolling Interests	2,508	2,473	2,423	2,298	2,321	1,964	2,272
Total Preferred & Common Equity	2,460	2,403	2,356	2,235	2,262	1,964	2,202
Total Common Equity	2,460	2,473	2,423	2,298	2,321	1,964	2,272
Common Stock	1,625	1,625	1,624	1,425	1,424	805	1,427
Retained Earnings	909	847	799	872	898	1,159	845
Accumulated Other Comprehensive Income / (Loss)	-73	-	-	-	-	-	-
Noncontrolling Interest	48	-	-	-	-	-	-

This table displays calculated financial ratios and metrics derived from TXNM Energy's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1.65%	-13.80%	26.39%	16.87%	4.49%	1.46%	-0.58%	6.02%	-5.29%	0.22%
EBITDA Growth	48.46%	-20.10%	17.87%	4.79%	35.00%	-13.29%	-11.22%	10.39%	45.03%	-29.31%
EBIT Growth	91.06%	-40.30%	29.60%	8.12%	98.62%	-39.37%	-23.32%	10.04%	103.67%	-54.04%
NOPAT Growth	53.29%	-20.85%	29.20%	3.93%	29.30%	-9.34%	64.64%	-30.80%	129.79%	-57.18%
Net Income Growth	142.07%	-42.28%	-12.59%	13.10%	103.31%	-9.04%	6.14%	-27.66%	324.40%	-76.26%
EPS Growth	161.76%	-48.22%	-13.22%	5.58%	121.65%	-9.35%	7.00%	-31.51%	630.00%	-86.21%
Operating Cash Flow Growth	-7.80%	-2.84%	3.54%	12.80%	-3.47%	17.50%	-18.19%	28.21%	5.53%	-6.75%
Free Cash Flow Firm Growth	-158.93%	162.68%	-128.20%	193.35%	-17,907.31%	-45.89%	-54.37%	173.36%	-79.15%	-3,020.60%
Invested Capital Growth	15.32%	-10.11%	36.35%	-50.37%	143.39%	3.78%	3.71%	-0.19%	10.11%	5.28%
Revenue Q/Q Growth	3.40%	-7.78%	6.72%	228.79%	-42.99%	-42.84%	3,956.62%	0.00%	0.02%	-0.76%
EBITDA Q/Q Growth	19.39%	-13.94%	2.92%	774.93%	-48.77%	23.53%	-7.29%	0.00%	53.63%	-32.01%
EBIT Q/Q Growth	37.59%	-29.83%	4.42%	224.87%	-66.84%	115.07%	-14.62%	0.00%	166.89%	-55.86%
NOPAT Q/Q Growth	20.55%	-8.03%	3.42%	252.39%	-67.11%	328.58%	962.67%	0.00%	146.24%	-57.49%
Net Income Q/Q Growth	34.06%	-38.12%	2.72%	277.01%	-65.29%	1,901.54%	-0.93%	0.00%	714.73%	-77.88%
EPS Q/Q Growth	39.79%	-43.02%	2.60%	1.34%	-12.60%	846.15%	-0.93%	0.00%	14,500.00%	-87.34%
Operating Cash Flow Q/Q Growth	4.11%	-0.22%	0.08%	4.11%	-6.57%	8.77%	0.99%	0.00%	9.67%	-8.80%
Free Cash Flow Firm Q/Q Growth	-21.96%	375.67%	-270.17%	1,141.81%	-1,523.03%	152.28%	146.12%	356.22%	34.35%	-33.88%
Invested Capital Q/Q Growth	2.79%	0.44%	24.23%	4.70%	127.60%	0.76%	-0.39%	-1.37%	0.11%	-0.24%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	55.52%	43.87%	41.19%	46.21%	51.03%	41.25%	50.90%	50.16%	76.95%	34.01%
EBITDA Margin	44.69%	30.60%	33.01%	35.40%	39.47%	30.55%	35.75%	40.03%	38.45%	25.11%
Operating Margin	23.01%	11.93%	17.50%	17.31%	18.73%	9.89%	16.43%	21.80%	20.89%	8.64%
EBIT Margin	23.23%	12.36%	17.85%	17.41%	18.81%	9.90%	16.56%	21.47%	20.69%	9.62%
Profit (Net Income) Margin	13.13%	5.51%	8.23%	11.90%	12.30%	6.32%	7.05%	6.60%	9.68%	2.16%
Tax Burden Percent	92.32%	118.06%	87.63%	86.67%	90.08%	137.82%	92.87%	42.27%	67.58%	67.34%
Interest Burden Percent	61.20%	37.77%	52.63%	78.90%	72.58%	46.34%	45.83%	72.75%	69.21%	33.33%
Effective Tax Rate	7.68%	-18.06%	12.37%	13.33%	9.92%	-37.82%	7.13%	57.73%	32.42%	32.66%
Return on Invested Capital (ROIC)	5.84%	3.88%	5.37%	3.26%	3.33%	4.50%	5.15%	3.18%	4.81%	2.26%
ROIC Less NNEP Spread (ROIC-NNEP)	2.41%	0.35%	1.55%	2.34%	2.12%	0.49%	0.42%	1.63%	2.12%	-0.46%
Return on Net Nonoperating Assets (RNNOA)	4.50%	0.71%	2.90%	6.47%	6.35%	0.74%	0.60%	2.24%	2.74%	-0.50%
Return on Equity (ROE)	10.34%	4.59%	8.27%	9.73%	9.67%	5.24%	5.75%	5.42%	7.55%	1.75%
Cash Return on Invested Capital (CROIC)	-8.40%	14.53%	-25.39%	70.58%	-80.19%	0.79%	1.51%	3.37%	-4.81%	-2.89%
Operating Return on Assets (OROA)	4.27%	2.46%	4.48%	3.73%	3.76%	2.04%	3.52%	4.73%	4.52%	2.35%
Return on Assets (ROA)	2.41%	1.10%	2.07%	2.55%	2.46%	1.30%	1.50%	1.45%	2.11%	0.53%
Return on Common Equity (ROCE)	10.09%	4.48%	8.05%	9.42%	9.31%	5.01%	5.51%	5.20%	7.20%	1.67%
Return on Equity Simple (ROE_SIMPLE)	10.20%	4.55%	8.45%	9.77%	9.14%	5.49%	6.00%	5.63%	7.87%	1.88%
Net Operating Profit after Tax (NOPAT)	419	273	345	267	257	199	219	133	192	84
NOPAT Margin	21.24%	14.08%	15.34%	15.01%	16.87%	13.63%	15.26%	9.21%	14.12%	5.82%
Net Nonoperating Expense Percent (NNEP)	3.42%	3.53%	3.82%	0.92%	1.20%	4.01%	4.73%	1.56%	2.69%	2.72%
Return On Investment Capital (ROIC_SIMPLE)	5.16%	3.80%	5.26%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	44.48%	56.13%	58.81%	53.79%	48.97%	58.75%	49.10%	49.84%	23.05%	65.99%
SG&A Expenses to Revenue	12.54%	11.75%	10.10%	12.94%	14.20%	12.98%	13.12%	12.30%	13.56%	12.45%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	32.52%	31.94%	23.65%	28.90%	32.30%	31.36%	34.47%	28.36%	28.90%	25.36%
Earnings before Interest and Taxes (EBIT)	458	240	401	310	287	144	238	310	282	138
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	881	593	743	630	601	445	514	579	524	361
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.65	1.45	1.76	1.68	1.71	2.12	1.67	1.59	1.33	1.17
Price to Tangible Book Value (P/TBV)	2.11	1.80	2.02	1.93	2.10	2.81	2.00	1.90	1.60	1.40
Price to Revenue (P/Rev)	2.12	1.75	1.72	2.05	2.30	2.45	1.96	1.87	1.64	1.34
Price to Earnings (P/E)	17.28	38.75	22.81	18.60	20.27	46.07	32.90	33.77	19.09	123.64
Dividend Yield	3.18%	3.71%	3.09%	3.09%	2.80%	2.59%	3.00%	2.86%	3.14%	3.30%
Earnings Yield	5.79%	2.58%	4.38%	5.38%	4.93%	2.17%	3.04%	2.96%	5.24%	0.81%
Enterprise Value to Invested Capital (EV/IC)	1.21	1.15	1.05	1.29	0.60	1.42	1.26	1.23	1.13	1.07
Enterprise Value to Revenue (EV/Rev)	4.72	3.96	3.47	3.94	4.28	4.37	3.79	3.57	3.46	2.82
Enterprise Value to EBITDA (EV/EBITDA)	10.55	12.95	10.51	11.12	10.84	14.31	10.60	8.92	8.99	11.22
Enterprise Value to EBIT (EV/EBIT)	20.30	32.05	19.45	22.62	22.75	44.18	22.87	16.64	16.71	29.28
Enterprise Value to NOPAT (EV/NOPAT)	22.20	28.13	22.62	26.23	25.37	32.07	24.82	38.77	24.49	48.41
Enterprise Value to Operating Cash Flow (EV/OCF)	18.29	13.94	13.76	12.79	13.42	12.67	12.71	9.86	11.54	10.48
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	7.51	0.00	1.21	0.00	183.17	84.63	36.63	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.13	1.98	1.92	1.68	1.62	1.82	1.65	1.56	1.53	1.35
Long-Term Debt to Equity	1.66	1.76	1.73	1.58	1.32	1.44	1.51	1.24	1.21	1.13
Financial Leverage	1.87	2.02	1.87	2.76	2.99	1.51	1.42	1.38	1.29	1.09
Leverage Ratio	4.29	4.19	4.00	3.81	3.93	4.03	3.83	3.73	3.57	3.33
Compound Leverage Factor	2.62	1.58	2.11	3.01	2.86	1.87	1.76	2.71	2.47	1.11
Debt to Total Capital	68.07%	66.49%	65.75%	62.73%	61.84%	64.55%	62.23%	60.90%	60.41%	57.41%
Short-Term Debt to Total Capital	15.02%	7.53%	6.36%	4.04%	11.43%	13.65%	5.05%	12.48%	12.63%	9.20%
Long-Term Debt to Total Capital	53.05%	58.96%	59.39%	58.70%	50.41%	50.90%	57.17%	48.41%	47.77%	48.21%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.72%	0.85%	0.81%	1.12%	1.27%	1.51%	1.62%	1.47%	1.81%	2.03%
Common Equity to Total Capital	31.21%	32.65%	33.44%	36.15%	36.89%	33.94%	36.15%	37.63%	37.78%	40.56%
Debt to EBITDA	6.28	8.06	5.80	5.97	5.71	7.17	5.66	4.74	5.11	6.48
Net Debt to EBITDA	5.74	7.11	5.24	5.23	4.90	6.14	4.96	4.15	4.58	5.64
Long-Term Debt to EBITDA	4.89	7.15	5.24	5.59	4.66	5.65	5.20	3.77	4.04	5.44
Debt to NOPAT	13.22	17.52	12.49	14.08	13.37	16.07	13.26	20.60	13.93	27.98
Net Debt to NOPAT	12.07	15.44	11.27	12.35	11.47	13.76	11.63	18.01	12.48	24.33
Long-Term Debt to NOPAT	10.30	15.53	11.28	13.18	10.90	12.67	12.18	16.38	11.01	23.49
Altman Z-Score	0.58	0.55	0.78	0.75	0.70	0.66	0.75	0.74	0.69	0.67
Noncontrolling Interest Sharing Ratio	2.40%	2.46%	2.68%	3.16%	3.75%	4.27%	4.03%	4.17%	4.68%	4.74%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.28	0.39	0.46	0.49	0.39	0.30	0.59	0.35	0.48	0.61
Quick Ratio	0.40	0.58	0.31	0.32	0.25	0.16	0.32	0.20	0.27	0.36
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-602	1,022	-1,631	5,784	-6,196	35	64	141	-192	-107
Operating Cash Flow to CapEx	40.84%	52.84%	62.16%	58.60%	71.53%	81.65%	85.44%	104.60%	68.04%	69.26%
Free Cash Flow to Firm to Interest Expense	-2.64	5.37	-12.75	59.70	-54.16	0.29	0.51	1.10	-1.49	-0.93
Operating Cash Flow to Interest Expense	2.23	2.90	4.44	5.66	4.25	4.16	3.37	4.10	3.17	3.37
Operating Cash Flow Less CapEx to Interest Expense	-3.23	-2.58	-2.70	-4.00	-1.69	-0.93	-0.57	0.18	-1.49	-1.50
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.18	0.20	0.25	0.21	0.20	0.21	0.21	0.22	0.22	0.24
Accounts Receivable Turnover	7.83	7.26	9.45	8.87	8.75	9.20	8.89	8.61	7.73	7.78
Inventory Turnover	6.62	13.21	20.08	14.56	10.33	11.44	10.20	10.32	4.47	14.50
Fixed Asset Turnover	0.24	0.26	0.33	0.19	0.18	0.27	0.28	0.29	0.29	0.33
Accounts Payable Turnover	4.28	5.17	6.56	5.36	5.48	7.96	6.04	6.92	3.36	9.03
Days Sales Outstanding (DSO)	46.63	50.29	38.63	41.15	41.72	39.66	41.08	42.39	47.25	46.91
Days Inventory Outstanding (DIO)	55.14	27.62	18.18	25.06	35.32	31.92	35.79	35.36	81.58	25.18
Days Payable Outstanding (DPO)	85.27	70.56	55.66	68.08	66.67	45.88	60.43	52.73	108.71	40.44
Cash Conversion Cycle (CCC)	16.50	7.35	1.14	-1.86	10.38	25.69	16.44	25.02	20.11	31.65
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	7,684	6,663	7,412	5,436	10,953	4,500	4,336	4,181	4,189	3,804
Invested Capital Turnover	0.27	0.28	0.35	0.22	0.20	0.33	0.34	0.35	0.34	0.39
Increase / (Decrease) in Invested Capital	1,021	-749	1,976	-5,517	6,453	164	155	-7.77	385	191
Enterprise Value (EV)	9,296	7,682	7,807	7,006	6,520	6,373	5,442	5,162	4,712	4,053
Market Capitalization	4,185	3,403	3,866	3,642	3,502	3,564	2,817	2,697	2,230	1,934
Book Value per Share	$19.61	$18.80	$17.54	$17.35	$17.25	$0.01	$14.21	$21.22	$14.11	$13.93
Tangible Book Value per Share	$15.35	$15.11	$15.31	$15.12	$14.03	$0.01	$11.87	$17.74	$11.77	$11.59
Total Capital	8,127	7,194	6,554	5,996	5,556	4,946	4,670	4,504	4,436	4,080
Total Debt	5,533	4,784	4,309	3,762	3,436	3,193	2,906	2,743	2,680	2,343
Total Long-Term Debt	4,312	4,242	3,893	3,520	2,801	2,517	2,670	2,181	2,119	1,967
Net Debt	5,052	4,217	3,888	3,297	2,947	2,735	2,549	2,399	2,402	2,037
Capital Expenditures (CapEx)	1,244	1,043	913	935	679	616	501	500	600	559
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-535	-660	-67	-99	-13	-1.94	24	17	140	86
Debt-free Net Working Capital (DFNWC)	-55	-213	-63	-98	35	1.90	26	21	145	132
Net Working Capital (NWC)	-1,276	-755	-479	-340	-600	-673	-210	-541	-416	-243
Net Nonoperating Expense (NNE)	160	166	160	55	70	107	118	38	61	53
Net Nonoperating Obligations (NNO)	5,089	4,252	5,167	3,202	8,833	2,747	2,572	2,420	2,433	2,067
Total Depreciation and Amortization (D&A)	423	354	341	320	315	301	276	268	242	223
Debt-free, Cash-free Net Working Capital to Revenue	-27.16%	-34.02%	-2.96%	-5.54%	-0.86%	-0.13%	1.66%	1.18%	10.29%	5.99%
Debt-free Net Working Capital to Revenue	-2.81%	-10.99%	-2.78%	-5.48%	2.28%	0.13%	1.81%	1.46%	10.62%	9.19%
Net Working Capital to Revenue	-64.75%	-38.94%	-21.31%	-19.08%	-39.41%	-46.20%	-14.61%	-37.45%	-30.50%	-16.91%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.67	$1.02	$1.97	$2.28	$2.16	$0.97	$1.07	$1.00	$1.47	$0.20
Adjusted Weighted Average Basic Shares Outstanding	131.78M	129.32M	124.96M	124.96M	124.96M	118.78B	118.78M	118.78M	118.78M	118.78M
Adjusted Diluted Earnings per Share	$2.67	$1.02	$1.97	$2.27	$2.15	$0.97	$1.07	$1.00	$1.46	$0.20
Adjusted Weighted Average Diluted Shares Outstanding	131.78M	129.32M	124.96M	124.96M	124.96M	118.78B	118.78M	118.78M	118.78M	118.78M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	131.78M	129.32M	124.96M	124.96M	124.96M	118.78B	118.78M	118.78M	118.78M	118.78M
Normalized Net Operating Profit after Tax (NOPAT)	419	162	345	267	257	101	280	221	192	84
Normalized NOPAT Margin	21.24%	8.35%	15.34%	15.01%	16.87%	6.93%	19.50%	15.26%	14.12%	5.82%
Pre Tax Income Margin	14.22%	4.67%	9.39%	13.73%	13.65%	4.59%	7.59%	15.62%	14.32%	3.21%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.01	1.26	3.14	3.20	2.50	1.19	1.87	2.43	2.19	1.21
NOPAT to Interest Expense	1.84	1.43	2.70	2.76	2.25	1.64	1.72	1.04	1.50	0.73
EBIT Less CapEx to Interest Expense	-3.45	-4.22	-4.00	-6.45	-3.43	-3.90	-2.07	-1.49	-2.47	-3.66
NOPAT Less CapEx to Interest Expense	-3.62	-4.05	-4.44	-6.89	-3.69	-3.45	-2.22	-2.88	-3.17	-4.13
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	61.62%	138.73%	74.18%	62.34%	62.23%	117.58%	100.76%	100.12%	66.44%	261.60%
Augmented Payout Ratio	64.89%	147.76%	78.49%	67.12%	68.62%	128.34%	113.24%	114.72%	78.15%	318.62%

This table displays calculated financial ratios and metrics derived from TXNM Energy's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	15.74%	12.53%	2.29%	-19.70%	-28.43%	-30.69%	-4.52%	22.51%	32.65%	31.62%
EBITDA Growth	309.82%	69.95%	18.75%	-7.94%	-67.54%	-34.19%	4.60%	20.66%	17.39%	16.85%
EBIT Growth	278.31%	117.67%	18.34%	-30.81%	-178.95%	-51.46%	7.41%	42.10%	42.57%	22.43%
NOPAT Growth	314.53%	65.10%	13.86%	25.97%	-184.19%	-40.22%	-3.14%	41.14%	39.08%	24.32%
Net Income Growth	143.72%	217.83%	5.14%	-16.44%	-327.50%	-66.14%	158.45%	213.63%	32.26%	7.69%
EPS Growth	128.81%	229.55%	0.00%	-18.75%	-427.78%	-69.01%	194.44%	236.84%	38.46%	7.58%
Operating Cash Flow Growth	14.49%	5.78%	-30.86%	-29.42%	-0.87%	-18.83%	9.57%	12.77%	0.31%	-10.39%
Free Cash Flow Firm Growth	-232.74%	-19.19%	88.69%	-213.69%	136.98%	6.57%	-222.43%	1,022.50%	-134.94%	-146.55%
Invested Capital Growth	15.32%	12.68%	12.57%	750.96%	-10.11%	11.19%	0.00%	-118.39%	36.35%	14.91%
Revenue Q/Q Growth	-16.21%	16.63%	11.73%	6.01%	-18.53%	6.01%	-12.30%	-5.51%	-21.11%	46.06%
EBITDA Q/Q Growth	-37.87%	41.61%	25.07%	272.43%	-74.23%	-1.05%	-3.04%	31.33%	-47.77%	57.27%
EBIT Q/Q Growth	-59.32%	76.35%	61.98%	253.44%	-149.66%	-4.12%	-5.29%	75.08%	-69.47%	112.15%
NOPAT Q/Q Growth	-56.97%	80.95%	-16.08%	428.29%	-133.12%	24.79%	-7.16%	119.42%	-76.48%	102.20%
Net Income Q/Q Growth	-85.34%	162.49%	3.17%	210.13%	-206.56%	-13.17%	-18.00%	199.84%	-84.14%	562.75%
EPS Q/Q Growth	-88.28%	173.58%	1.92%	188.14%	-234.09%	-16.98%	-17.19%	255.56%	-87.32%	688.89%
Operating Cash Flow Q/Q Growth	-11.87%	134.65%	-17.35%	-33.02%	-18.57%	53.38%	-15.63%	-5.93%	-33.32%	107.04%
Free Cash Flow Firm Q/Q Growth	-40.21%	5.96%	90.92%	-838.65%	225.90%	91.07%	-191.28%	460.48%	-218.08%	-111.70%
Invested Capital Q/Q Growth	2.79%	2.91%	4.15%	-15.20%	0.44%	2.81%	702.24%	-114.46%	24.23%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	50.68%	63.15%	53.20%	53.48%	39.19%	45.00%	48.04%	42.69%	33.85%	43.49%
EBITDA Margin	39.68%	53.51%	44.07%	39.37%	11.21%	35.43%	37.96%	34.34%	24.71%	37.31%
Operating Margin	15.96%	33.57%	21.65%	18.45%	-11.34%	17.13%	19.35%	18.21%	9.82%	25.04%
EBIT Margin	16.81%	34.61%	22.89%	15.79%	-10.91%	17.90%	19.79%	18.32%	9.89%	25.55%
Profit (Net Income) Margin	4.19%	23.96%	10.65%	11.53%	-11.10%	8.48%	10.36%	11.08%	3.49%	17.36%
Tax Burden Percent	92.18%	85.34%	85.28%	133.26%	61.12%	113.99%	85.73%	86.04%	68.72%	90.41%
Interest Burden Percent	27.06%	81.11%	54.54%	54.79%	166.44%	41.59%	61.06%	70.27%	51.37%	75.18%
Effective Tax Rate	7.82%	14.66%	14.72%	-33.26%	0.00%	-13.99%	14.27%	13.96%	31.28%	9.59%
Return on Invested Capital (ROIC)	4.04%	7.74%	4.96%	15.26%	-2.19%	6.52%	11.96%	15.49%	2.36%	8.55%
ROIC Less NNEP Spread (ROIC-NNEP)	2.97%	7.17%	4.11%	7.73%	-2.46%	5.13%	10.52%	6.90%	1.91%	7.40%
Return on Net Nonoperating Assets (RNNOA)	5.54%	13.82%	7.64%	2.67%	-4.98%	9.01%	18.73%	0.96%	3.58%	11.01%
Return on Equity (ROE)	9.58%	21.57%	12.60%	17.93%	-7.17%	15.53%	30.69%	16.45%	5.94%	19.56%
Cash Return on Invested Capital (CROIC)	-8.40%	-7.00%	-6.50%	-110.28%	14.53%	-5.89%	-188.47%	0.00%	-25.39%	-7.90%
Operating Return on Assets (OROA)	3.09%	6.32%	4.17%	5.60%	-2.17%	3.94%	4.78%	9.58%	2.48%	6.23%
Return on Assets (ROA)	0.77%	4.37%	1.94%	4.09%	-2.21%	1.87%	2.50%	5.79%	0.88%	4.23%
Return on Common Equity (ROCE)	9.35%	21.30%	12.60%	17.93%	-7.00%	15.53%	30.69%	16.45%	5.78%	19.27%
Return on Equity Simple (ROE_SIMPLE)	0.00%	7.85%	4.14%	4.12%	0.00%	7.73%	11.34%	11.52%	0.00%	8.19%
Net Operating Profit after Tax (NOPAT)	70	163	90	107	-33	99	79	85	39	165
NOPAT Margin	14.71%	28.65%	18.46%	24.58%	-7.94%	19.53%	16.59%	15.67%	6.75%	22.64%
Net Nonoperating Expense Percent (NNEP)	1.07%	0.57%	0.86%	7.52%	0.28%	1.39%	1.44%	8.58%	0.45%	1.15%
Return On Investment Capital (ROIC_SIMPLE)	0.86%	-	-	-	-0.46%	-	-	-	0.59%	-
Cost of Revenue to Revenue	49.32%	36.85%	46.80%	46.52%	60.81%	55.00%	51.96%	57.31%	66.15%	56.51%
SG&A Expenses to Revenue	14.10%	11.39%	12.21%	12.69%	14.62%	11.56%	11.33%	10.13%	10.74%	7.96%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	34.71%	29.58%	31.55%	35.04%	50.53%	27.87%	28.69%	24.48%	23.89%	18.45%
Earnings before Interest and Taxes (EBIT)	80	197	112	69	-45	91	94	100	57	186
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	189	305	215	172	46	179	181	187	142	272
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.65	1.51	1.27	1.32	1.45	1.59	1.59	2.03	1.76	1.64
Price to Tangible Book Value (P/TBV)	2.11	1.86	1.56	1.63	1.80	1.99	1.85	2.03	2.02	1.93
Price to Revenue (P/Rev)	2.12	1.95	1.71	1.74	1.75	1.74	1.59	1.70	1.72	1.77
Price to Earnings (P/E)	17.28	21.13	37.98	39.96	38.75	23.73	15.48	19.14	22.81	22.63
Dividend Yield	3.18%	4.37%	4.12%	4.00%	3.71%	3.41%	3.33%	3.78%	3.09%	3.15%
Earnings Yield	5.79%	4.73%	2.63%	2.50%	2.58%	4.21%	6.46%	5.22%	4.38%	4.42%
Enterprise Value to Invested Capital (EV/IC)	1.21	1.16	1.14	1.16	1.15	1.27	1.23	0.00	1.05	1.29
Enterprise Value to Revenue (EV/Rev)	4.72	4.57	4.51	4.41	3.96	4.02	3.41	1.70	3.47	3.64
Enterprise Value to EBITDA (EV/EBITDA)	10.55	11.80	13.56	13.96	12.95	12.26	10.14	5.15	10.51	10.65
Enterprise Value to EBIT (EV/EBIT)	20.30	26.15	36.69	38.65	32.05	24.74	18.14	9.26	19.45	19.98
Enterprise Value to NOPAT (EV/NOPAT)	22.20	25.06	22.71	22.80	28.13	28.46	21.35	10.79	22.62	23.02
Enterprise Value to Operating Cash Flow (EV/OCF)	18.29	17.83	17.36	15.76	13.94	15.30	13.41	6.86	13.76	13.55
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	7.51	0.00	0.00	0.55	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.13	2.14	2.09	2.02	1.98	2.09	1.83	0.00	1.92	1.74
Long-Term Debt to Equity	1.66	1.79	1.86	1.80	1.76	1.70	1.69	0.00	1.73	1.71
Financial Leverage	1.87	1.93	1.86	0.35	2.02	1.76	1.78	0.14	1.87	1.49
Leverage Ratio	4.29	4.34	4.22	2.36	4.19	4.18	4.15	2.15	4.00	3.85
Compound Leverage Factor	1.16	3.52	2.30	1.29	6.98	1.74	2.53	1.51	2.06	2.90
Debt to Total Capital	68.07%	68.11%	67.62%	66.83%	66.49%	67.68%	64.70%	0.00%	65.75%	63.51%
Short-Term Debt to Total Capital	15.02%	11.02%	7.43%	7.23%	7.53%	12.77%	4.97%	0.00%	6.36%	0.97%
Long-Term Debt to Total Capital	53.05%	57.09%	60.20%	59.60%	58.96%	54.90%	59.73%	0.00%	59.39%	62.54%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.72%	0.75%	0.00%	0.00%	0.85%	0.00%	0.00%	0.00%	0.81%	0.00%
Common Equity to Total Capital	31.21%	31.13%	32.38%	33.17%	32.65%	32.32%	35.30%	100.00%	33.44%	36.49%
Debt to EBITDA	6.28	7.29	8.43	8.44	8.06	6.98	5.44	0.00	5.80	5.48
Net Debt to EBITDA	5.74	6.67	8.43	8.44	7.11	6.97	5.43	0.00	5.24	5.47
Long-Term Debt to EBITDA	4.89	6.11	7.51	7.53	7.15	5.66	5.02	0.00	5.24	5.40
Debt to NOPAT	13.22	15.50	14.12	13.79	17.52	16.20	11.44	0.00	12.49	11.85
Net Debt to NOPAT	12.07	14.17	14.11	13.78	15.44	16.17	11.42	0.00	11.27	11.83
Long-Term Debt to NOPAT	10.30	12.99	12.57	12.30	15.53	13.14	10.56	0.00	11.28	11.67
Altman Z-Score	0.47	0.52	0.50	0.49	0.45	0.52	0.62	57.92	0.66	0.76
Noncontrolling Interest Sharing Ratio	2.40%	1.24%	0.00%	0.00%	2.46%	0.00%	0.00%	0.00%	2.68%	1.51%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.28	0.36	0.54	0.43	0.39	0.33	0.37	0.53	0.46	0.96
Quick Ratio	0.40	0.54	0.31	0.22	0.58	0.19	0.21	0.00	0.31	0.64
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-951	-678	-721	-7,939	716	-569	-6,374	6,983	-1,937	-609
Operating Cash Flow to CapEx	46.45%	55.61%	26.21%	32.42%	51.73%	63.82%	40.69%	55.72%	66.67%	92.29%
Free Cash Flow to Firm to Interest Expense	-16.17	-11.37	-12.92	-147.67	13.34	-11.42	-138.86	170.63	-51.05	-17.64
Operating Cash Flow to Interest Expense	2.70	3.02	1.37	1.73	2.58	3.41	2.42	3.21	3.68	6.07
Operating Cash Flow Less CapEx to Interest Expense	-3.11	-2.41	-3.87	-3.60	-2.41	-1.94	-3.52	-2.55	-1.84	-0.51
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.18	0.18	0.18	0.35	0.20	0.22	0.24	0.52	0.25	0.24
Accounts Receivable Turnover	7.83	7.01	7.06	0.00	7.26	7.86	10.58	0.00	9.45	8.43
Inventory Turnover	6.62	9.45	10.53	11.68	13.21	16.46	16.71	18.42	20.08	18.29
Fixed Asset Turnover	0.24	0.24	0.24	0.00	0.26	0.30	0.32	0.00	0.33	0.32
Accounts Payable Turnover	4.28	6.57	7.17	7.63	5.17	8.57	9.17	10.23	6.56	10.05
Days Sales Outstanding (DSO)	46.63	52.09	51.70	0.00	50.29	46.41	34.49	0.00	38.63	43.30
Days Inventory Outstanding (DIO)	55.14	38.61	34.68	31.25	27.62	22.18	21.84	19.81	18.18	19.96
Days Payable Outstanding (DPO)	85.27	55.56	50.89	47.83	70.56	42.58	39.79	35.70	55.66	36.32
Cash Conversion Cycle (CCC)	16.50	35.13	35.49	-16.58	7.35	26.01	16.54	-15.89	1.14	26.93
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	7,684	7,475	7,264	6,975	6,663	6,634	6,453	-1,071	7,412	5,966
Invested Capital Turnover	0.27	0.27	0.27	0.62	0.28	0.33	0.72	0.99	0.35	0.38
Increase / (Decrease) in Invested Capital	1,021	841	811	8,046	-749	668	6,453	-6,898	1,976	774
Enterprise Value (EV)	9,296	8,704	8,303	8,077	7,682	8,452	7,938	3,992	7,807	7,682
Market Capitalization	4,185	3,724	3,142	3,197	3,403	3,649	3,691	3,992	3,866	3,734
Book Value per Share	$19.61	$19.02	$19.12	$18.74	$18.80	$18.39	$18.58	$15.72	$17.54	$18.18
Tangible Book Value per Share	$15.35	$15.52	$15.60	$15.20	$15.11	$14.67	$15.95	$15.72	$15.31	$15.46
Total Capital	8,127	7,901	7,637	7,307	7,194	7,108	6,576	1,964	6,554	6,226
Total Debt	5,533	5,382	5,164	4,883	4,784	4,811	4,254	0.00	4,309	3,954
Total Long-Term Debt	4,312	4,511	4,597	4,355	4,242	3,903	3,928	0.00	3,893	3,894
Net Debt	5,052	4,921	5,161	4,880	4,217	4,803	4,246	0.00	3,888	3,948
Capital Expenditures (CapEx)	342	324	293	286	268	267	273	236	210	227
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-535	-464	102	-8.41	-660	-89	-385	-67	-67	39
Debt-free Net Working Capital (DFNWC)	-55	-3.41	105	-5.42	-213	-81	-377	-67	-63	44
Net Working Capital (NWC)	-1,276	-874	-462	-534	-755	-989	-704	-67	-479	-16
Net Nonoperating Expense (NNE)	50	27	38	57	13	56	30	25	19	38
Net Nonoperating Obligations (NNO)	5,089	4,956	4,792	4,552	4,252	4,337	4,131	-3,036	5,167	3,694
Total Depreciation and Amortization (D&A)	109	108	103	103	91	89	87	87	85	86
Debt-free, Cash-free Net Working Capital to Revenue	-27.16%	-24.35%	5.54%	-0.46%	-34.02%	-4.24%	-16.53%	-2.83%	-2.96%	1.83%
Debt-free Net Working Capital to Revenue	-2.81%	-0.18%	5.71%	-0.30%	-10.99%	-3.87%	-16.21%	-2.83%	-2.78%	2.10%
Net Working Capital to Revenue	-64.75%	-45.84%	-25.06%	-29.13%	-38.94%	-47.05%	-30.24%	-2.83%	-21.31%	-0.76%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.17	$1.45	$0.53	$0.52	($0.59)	$0.44	$0.53	$0.64	$0.18	$1.42
Adjusted Weighted Average Basic Shares Outstanding	131.78M	129.32M	129.32M	129.32M	129.32M	124.96M	124.96M	124.96M	124.96M	124.96M
Adjusted Diluted Earnings per Share	$0.17	$1.45	$0.53	$0.52	($0.59)	$0.44	$0.53	$0.64	$0.18	$1.42
Adjusted Weighted Average Diluted Shares Outstanding	131.78M	129.32M	129.32M	129.32M	129.32M	124.96M	124.96M	124.96M	124.96M	124.96M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	131.78M	129.32M	129.32M	129.32M	129.32M	124.96M	124.96M	124.96M	124.96M	124.96M
Normalized Net Operating Profit after Tax (NOPAT)	70	163	90	56	-33	61	79	85	39	165
Normalized NOPAT Margin	14.71%	28.65%	18.46%	12.91%	-7.94%	11.99%	16.59%	15.67%	6.75%	22.64%
Pre Tax Income Margin	4.55%	28.08%	12.48%	8.65%	-18.16%	7.44%	12.08%	12.88%	5.08%	19.21%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.36	3.30	2.00	1.28	-0.84	1.82	2.06	2.44	1.50	5.40
NOPAT to Interest Expense	1.19	2.73	1.61	2.00	-0.61	1.98	1.72	2.08	1.02	4.79
EBIT Less CapEx to Interest Expense	-4.44	-2.12	-3.24	-4.04	-5.83	-3.53	-3.88	-3.33	-4.03	-1.18
NOPAT Less CapEx to Interest Expense	-4.61	-2.69	-3.63	-3.33	-5.60	-3.37	-4.22	-3.68	-4.50	-1.79
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	61.62%	80.98%	152.93%	154.86%	138.73%	84.57%	55.98%	62.04%	74.18%	75.12%
Augmented Payout Ratio	64.89%	85.12%	159.24%	161.77%	147.76%	90.22%	59.86%	66.31%	78.49%	79.50%

Frequently Asked Questions About TXNM Energy's Financials

When does TXNM Energy's financial year end?

According to the most recent income statement we have on file, TXNM Energy's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has TXNM Energy's net income changed over the last 9 years?

TXNM Energy's net income appears to be on an upward trend, with a most recent value of $258.72 million in 2024, rising from $31.08 million in 2015. The previous period was $106.88 million in 2023. Find out what analysts predict for TXNM Energy in the coming months.

What is TXNM Energy's operating income?

TXNM Energy's total operating income in 2024 was $453.49 million, based on the following breakdown:

Total Gross Profit: $1.09 billion
Total Operating Expenses: $641.02 million

How has TXNM Energy revenue changed over the last 9 years?

Over the last 9 years, TXNM Energy's total revenue changed from $1.44 billion in 2015 to $1.97 billion in 2024, a change of 37.0%.

How much debt does TXNM Energy have?

TXNM Energy's total liabilities were at $8.62 billion at the end of 2024, a 9.9% increase from 2023, and a 101.7% increase since 2015.

How much cash does TXNM Energy have?

In the past 9 years, TXNM Energy's cash and equivalents has ranged from $1.10 million in 2021 to $47.93 million in 2020, and is currently $4.50 million as of their latest financial filing in 2024.

How has TXNM Energy's book value per share changed over the last 9 years?

Over the last 9 years, TXNM Energy's book value per share changed from 13.93 in 2015 to 19.61 in 2024, a change of 40.8%.

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This page (NYSE:TXNM) was last updated on 6/1/2025 by MarketBeat.com Staff

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TXNM Energy (TXNM) Financials

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TXNM Energy (TXNM) Financials

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