TXNM Energy (TXNM) Financials

$52.99 -0.71 (-1.32%)

Closing price 04/25/2025 03:59 PM Eastern

Extended Trading

$52.94 -0.05 (-0.08%)

As of 04/25/2025 04:29 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	16	117	80	86	77	173	196	170	88	242
Consolidated Net Income / (Loss)	31	132	95	101	92	187	212	185	107	259
Net Income / (Loss) Continuing Operations	31	502	95	101	92	187	212	185	107	259
Total Pre-Tax Income	46	195	226	109	67	208	244	211	91	280
Total Operating Income	124	285	315	236	144	285	308	394	231	453
Total Gross Profit	489	1,049	725	731	601	777	823	927	851	1,095
Total Revenue	1,439	1,363	1,445	1,437	1,458	1,523	1,780	2,250	1,939	1,971
Operating Revenue	1,439	1,363	1,445	1,437	1,458	1,523	1,780	-	1,939	1,971
Total Cost of Revenue	950	314	720	705	856	746	957	1,323	1,089	877
Operating Cost of Revenue	878	238	644	626	776	664	871	1,230	993	776
Other Cost of Revenue	72	76	77	80	80	82	86	93	96	101
Total Operating Expenses	365	394	410	495	457	492	514	532	619	641
Selling, General & Admin Expense	179	185	178	188	189	216	230	227	228	247
Depreciation Expense	186	209	232	241	268	276	284	305	320	385
Other Operating Expenses / (Income)	-	-	-	-	-	-	-	-	72	8.98
Total Other Income / (Expense), net	-78	-90	-89	-127	-77	-77	-64	-182	-141	-173
Interest Expense	115	129	128	127	121	114	97	128	190	228
Interest & Investment Income	23	42	43	-1.64	44	36	32	-62	41	50
Other Income / (Expense), net	14	-2.73	-4.73	1.89	0.05	1.24	1.64	7.72	8.34	4.43
Income Tax Expense	15	63	130	7.78	-25	21	33	26	-16	22
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	15	15	15	15	14	14	15	15	19	16
Basic Earnings per Share	$0.20	$1.47	$1.00	$1.07	$0.97	$2.16	$2.28	$1.97	$1.02	$2.67
Weighted Average Basic Shares Outstanding	79.76M	79.76M	79.89M	118.78M	118.78B	124.96M	124.96M	124.96M	129.32M	131.78M
Diluted Earnings per Share	$0.20	$1.46	$1.00	$1.07	$0.97	$2.15	$2.27	$1.97	$1.02	$2.67
Weighted Average Diluted Shares Outstanding	79.76M	79.76M	79.89M	118.78M	118.78B	124.96M	124.96M	124.96M	129.32M	131.78M
Weighted Average Basic & Diluted Shares Outstanding	79.76M	79.76M	79.89M	118.78M	118.78B	124.96M	124.96M	124.96M	129.32M	131.78M
Cash Dividends to Common per Share	$0.82	$0.90	$0.99	$1.09	$1.18	$1.25	$1.33	$1.41	$1.49	$1.57

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

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

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

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

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 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	9,029	76	9,627	10,051	10,258	10,583	10,843
Total Current Assets	410	76	405	489	408	538	496
Cash & Equivalents	5.62	-	7.64	7.77	2.99	3.24	7.24
Short-Term Investments	-	-	-	-	-	-	454
Accounts Receivable	266	-	220	269	200	302	275
Inventories, net	65	76	81	83	104	115	121
Prepaid Expenses	-	-	-	-	0.00	0.00	34
Current Deferred & Refundable Income Taxes	-	-	-	-	-	-	5.32
Other Current Assets	51	-	60	99	61	59	53
Plant, Property, & Equipment, net	6,794	0.00	7,244	7,440	7,760	7,975	8,238
Plant, Property & Equipment, gross	9,318	-	9,818	10,062	10,501	10,755	11,122
Accumulated Depreciation	2,621	-	2,680	2,729	2,813	2,855	2,910
Total Noncurrent Assets	1,357	0.00	1,438	1,581	1,641	1,630	1,656
Long-Term Investments	0.16	-	0.18	0.17	0.19	0.23	0.26
Goodwill	278	-	278	278	278	278	278
Intangible Assets	62	-	50	186	179	177	175
Other Noncurrent Operating Assets	1,016	-	1,110	1,117	1,183	1,174	1,203
Total Liabilities & Shareholders' Equity	9,029	12,156	9,627	10,051	10,258	10,583	10,843
Total Liabilities	6,762	1,147	7,302	7,753	7,841	8,120	8,324
Total Current Liabilities	426	142	1,108	1,479	942	1,000	1,370
Short-Term Debt	60	-	327	908	528	567	871
Accounts Payable	127	142	148	157	133	140	136
Customer Deposits	-	-	-	-	-	-	6.53
Dividends Payable	-	-	-	-	-	-	35
Other Taxes Payable	87	-	69	86	88	91	116
Other Current Liabilities	151	-	108	225	191	201	205
Total Noncurrent Liabilities	6,095	1,005	6,194	6,274	6,734	6,982	6,954
Long-Term Debt	3,894	-	3,928	3,903	4,355	4,597	4,511
Asset Retirement Reserve & Litigation Obligation	993	-	994	993	1,025	1,024	1,022
Noncurrent Deferred Revenue	351	-	346	323	334	331	363
Noncurrent Deferred & Payable Income Tax Liabilities	807	1,005	861	859	836	854	886
Noncurrent Employee Benefit Liabilities	9.42	-	29	28	19	16	13
Other Noncurrent Operating Liabilities	42	-	35	169	166	160	158
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	-	-	-	-	12
Total Equity & Noncontrolling Interests	2,272	1,964	2,321	2,298	2,423	2,473	2,508
Total Preferred & Common Equity	2,202	1,964	2,262	2,235	2,356	2,403	2,460
Total Common Equity	2,272	1,964	2,321	2,298	2,423	2,473	2,460
Common Stock	1,427	805	1,424	1,425	1,624	1,625	1,625
Retained Earnings	845	1,159	898	872	799	847	909
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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.22%	-5.29%	6.02%	-0.58%	1.46%	4.49%	16.87%	26.39%	-13.80%	1.65%
EBITDA Growth	-29.31%	45.03%	10.39%	-11.22%	-13.29%	35.00%	4.79%	17.87%	-20.10%	48.46%
EBIT Growth	-54.04%	103.67%	10.04%	-23.32%	-39.37%	98.62%	8.12%	29.60%	-40.30%	91.06%
NOPAT Growth	-57.18%	129.79%	-30.80%	64.64%	-9.34%	29.30%	3.93%	29.20%	-20.85%	53.29%
Net Income Growth	-76.26%	324.40%	-27.66%	6.14%	-9.04%	103.31%	13.10%	-12.59%	-42.28%	142.07%
EPS Growth	-86.21%	630.00%	-31.51%	7.00%	-9.35%	121.65%	5.58%	-13.22%	-48.22%	161.76%
Operating Cash Flow Growth	-6.75%	5.53%	28.21%	-18.19%	17.50%	-3.47%	12.80%	3.54%	-2.84%	-7.80%
Free Cash Flow Firm Growth	-3,020.60%	-79.15%	173.36%	-54.37%	-45.89%	-17,907.31%	193.35%	-128.20%	162.68%	-158.93%
Invested Capital Growth	5.28%	10.11%	-0.19%	3.71%	3.78%	143.39%	-50.37%	36.35%	-10.11%	15.32%
Revenue Q/Q Growth	-0.76%	0.02%	0.00%	3,956.62%	-42.84%	-42.99%	228.79%	6.72%	-7.78%	3.40%
EBITDA Q/Q Growth	-32.01%	53.63%	0.00%	-7.29%	23.53%	-48.77%	774.93%	2.92%	-13.94%	19.39%
EBIT Q/Q Growth	-55.86%	166.89%	0.00%	-14.62%	115.07%	-66.84%	224.87%	4.42%	-29.83%	37.59%
NOPAT Q/Q Growth	-57.49%	146.24%	0.00%	962.67%	328.58%	-67.11%	252.39%	3.42%	-8.03%	20.55%
Net Income Q/Q Growth	-77.88%	714.73%	0.00%	-0.93%	1,901.54%	-65.29%	277.01%	2.72%	-38.12%	34.06%
EPS Q/Q Growth	-87.34%	14,500.00%	0.00%	-0.93%	846.15%	-12.60%	1.34%	2.60%	-43.02%	39.79%
Operating Cash Flow Q/Q Growth	-8.80%	9.67%	0.00%	0.99%	8.77%	-6.57%	4.11%	0.08%	-0.22%	4.11%
Free Cash Flow Firm Q/Q Growth	-33.88%	34.35%	356.22%	146.12%	152.28%	-1,523.03%	1,141.81%	-270.17%	375.67%	-21.96%
Invested Capital Q/Q Growth	-0.24%	0.11%	-1.37%	-0.39%	0.76%	127.60%	4.70%	24.23%	0.44%	2.79%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	34.01%	76.95%	50.16%	50.90%	41.25%	51.03%	46.21%	41.19%	43.87%	55.52%
EBITDA Margin	25.11%	38.45%	40.03%	35.75%	30.55%	39.47%	35.40%	33.01%	30.60%	44.69%
Operating Margin	8.64%	20.89%	21.80%	16.43%	9.89%	18.73%	17.31%	17.50%	11.93%	23.01%
EBIT Margin	9.62%	20.69%	21.47%	16.56%	9.90%	18.81%	17.41%	17.85%	12.36%	23.23%
Profit (Net Income) Margin	2.16%	9.68%	6.60%	7.05%	6.32%	12.30%	11.90%	8.23%	5.51%	13.13%
Tax Burden Percent	67.34%	67.58%	42.27%	92.87%	137.82%	90.08%	86.67%	87.63%	118.06%	92.32%
Interest Burden Percent	33.33%	69.21%	72.75%	45.83%	46.34%	72.58%	78.90%	52.63%	37.77%	61.20%
Effective Tax Rate	32.66%	32.42%	57.73%	7.13%	-37.82%	9.92%	13.33%	12.37%	-18.06%	7.68%
Return on Invested Capital (ROIC)	2.26%	4.81%	3.18%	5.15%	4.50%	3.33%	3.26%	5.37%	3.88%	5.84%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.46%	2.12%	1.63%	0.42%	0.49%	2.12%	2.34%	1.55%	0.35%	2.41%
Return on Net Nonoperating Assets (RNNOA)	-0.50%	2.74%	2.24%	0.60%	0.74%	6.35%	6.47%	2.90%	0.71%	4.50%
Return on Equity (ROE)	1.75%	7.55%	5.42%	5.75%	5.24%	9.67%	9.73%	8.27%	4.59%	10.34%
Cash Return on Invested Capital (CROIC)	-2.89%	-4.81%	3.37%	1.51%	0.79%	-80.19%	70.58%	-25.39%	14.53%	-8.40%
Operating Return on Assets (OROA)	2.35%	4.52%	4.73%	3.52%	2.04%	3.76%	3.73%	4.48%	2.46%	4.27%
Return on Assets (ROA)	0.53%	2.11%	1.45%	1.50%	1.30%	2.46%	2.55%	2.07%	1.10%	2.41%
Return on Common Equity (ROCE)	1.67%	7.20%	5.20%	5.51%	5.01%	9.31%	9.42%	8.05%	4.48%	10.09%
Return on Equity Simple (ROE_SIMPLE)	1.88%	7.87%	5.63%	6.00%	5.49%	9.14%	9.77%	8.45%	4.55%	10.20%
Net Operating Profit after Tax (NOPAT)	84	192	133	219	199	257	267	345	273	419
NOPAT Margin	5.82%	14.12%	9.21%	15.26%	13.63%	16.87%	15.01%	15.34%	14.08%	21.24%
Net Nonoperating Expense Percent (NNEP)	2.72%	2.69%	1.56%	4.73%	4.01%	1.20%	0.92%	3.82%	3.53%	3.42%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	5.26%	3.80%	5.16%
Cost of Revenue to Revenue	65.99%	23.05%	49.84%	49.10%	58.75%	48.97%	53.79%	58.81%	56.13%	44.48%
SG&A Expenses to Revenue	12.45%	13.56%	12.30%	13.12%	12.98%	14.20%	12.94%	10.10%	11.75%	12.54%
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	25.36%	28.90%	28.36%	34.47%	31.36%	32.30%	28.90%	23.65%	31.94%	32.52%
Earnings before Interest and Taxes (EBIT)	138	282	310	238	144	287	310	401	240	458
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	361	524	579	514	445	601	630	743	593	881
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.17	1.33	1.59	1.67	2.12	1.71	1.68	1.76	1.45	1.65
Price to Tangible Book Value (P/TBV)	1.40	1.60	1.90	2.00	2.81	2.10	1.93	2.02	1.80	2.11
Price to Revenue (P/Rev)	1.34	1.64	1.87	1.96	2.45	2.30	2.05	1.72	1.75	2.12
Price to Earnings (P/E)	123.64	19.09	33.77	32.90	46.07	20.27	18.60	22.81	38.75	17.28
Dividend Yield	3.30%	3.14%	2.86%	3.00%	2.59%	2.80%	3.09%	3.09%	3.71%	3.18%
Earnings Yield	0.81%	5.24%	2.96%	3.04%	2.17%	4.93%	5.38%	4.38%	2.58%	5.79%
Enterprise Value to Invested Capital (EV/IC)	1.07	1.13	1.23	1.26	1.42	0.60	1.29	1.05	1.15	1.21
Enterprise Value to Revenue (EV/Rev)	2.82	3.46	3.57	3.79	4.37	4.28	3.94	3.47	3.96	4.72
Enterprise Value to EBITDA (EV/EBITDA)	11.22	8.99	8.92	10.60	14.31	10.84	11.12	10.51	12.95	10.55
Enterprise Value to EBIT (EV/EBIT)	29.28	16.71	16.64	22.87	44.18	22.75	22.62	19.45	32.05	20.30
Enterprise Value to NOPAT (EV/NOPAT)	48.41	24.49	38.77	24.82	32.07	25.37	26.23	22.62	28.13	22.20
Enterprise Value to Operating Cash Flow (EV/OCF)	10.48	11.54	9.86	12.71	12.67	13.42	12.79	13.76	13.94	18.29
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	36.63	84.63	183.17	0.00	1.21	0.00	7.51	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.35	1.53	1.56	1.65	1.82	1.62	1.68	1.92	1.98	2.13
Long-Term Debt to Equity	1.13	1.21	1.24	1.51	1.44	1.32	1.58	1.73	1.76	1.66
Financial Leverage	1.09	1.29	1.38	1.42	1.51	2.99	2.76	1.87	2.02	1.87
Leverage Ratio	3.33	3.57	3.73	3.83	4.03	3.93	3.81	4.00	4.19	4.29
Compound Leverage Factor	1.11	2.47	2.71	1.76	1.87	2.86	3.01	2.11	1.58	2.62
Debt to Total Capital	57.41%	60.41%	60.90%	62.23%	64.55%	61.84%	62.73%	65.75%	66.49%	68.07%
Short-Term Debt to Total Capital	9.20%	12.63%	12.48%	5.05%	13.65%	11.43%	4.04%	6.36%	7.53%	15.02%
Long-Term Debt to Total Capital	48.21%	47.77%	48.41%	57.17%	50.90%	50.41%	58.70%	59.39%	58.96%	53.05%
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	2.03%	1.81%	1.47%	1.62%	1.51%	1.27%	1.12%	0.81%	0.85%	0.72%
Common Equity to Total Capital	40.56%	37.78%	37.63%	36.15%	33.94%	36.89%	36.15%	33.44%	32.65%	31.21%
Debt to EBITDA	6.48	5.11	4.74	5.66	7.17	5.71	5.97	5.80	8.06	6.28
Net Debt to EBITDA	5.64	4.58	4.15	4.96	6.14	4.90	5.23	5.24	7.11	5.74
Long-Term Debt to EBITDA	5.44	4.04	3.77	5.20	5.65	4.66	5.59	5.24	7.15	4.89
Debt to NOPAT	27.98	13.93	20.60	13.26	16.07	13.37	14.08	12.49	17.52	13.22
Net Debt to NOPAT	24.33	12.48	18.01	11.63	13.76	11.47	12.35	11.27	15.44	12.07
Long-Term Debt to NOPAT	23.49	11.01	16.38	12.18	12.67	10.90	13.18	11.28	15.53	10.30
Altman Z-Score	0.67	0.69	0.74	0.75	0.66	0.70	0.75	0.78	0.55	0.58
Noncontrolling Interest Sharing Ratio	4.74%	4.68%	4.17%	4.03%	4.27%	3.75%	3.16%	2.68%	2.46%	2.40%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.61	0.48	0.35	0.59	0.30	0.39	0.49	0.46	0.39	0.28
Quick Ratio	0.36	0.27	0.20	0.32	0.16	0.25	0.32	0.31	0.58	0.40
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-107	-192	141	64	35	-6,196	5,784	-1,631	1,022	-602
Operating Cash Flow to CapEx	69.26%	68.04%	104.60%	85.44%	81.65%	71.53%	58.60%	62.16%	52.84%	40.84%
Free Cash Flow to Firm to Interest Expense	-0.93	-1.49	1.10	0.51	0.29	-54.16	59.70	-12.75	5.37	-2.64
Operating Cash Flow to Interest Expense	3.37	3.17	4.10	3.37	4.16	4.25	5.66	4.44	2.90	2.23
Operating Cash Flow Less CapEx to Interest Expense	-1.50	-1.49	0.18	-0.57	-0.93	-1.69	-4.00	-2.70	-2.58	-3.23
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.24	0.22	0.22	0.21	0.21	0.20	0.21	0.25	0.20	0.18
Accounts Receivable Turnover	7.78	7.73	8.61	8.89	9.20	8.75	8.87	9.45	7.26	7.83
Inventory Turnover	14.50	4.47	10.32	10.20	11.44	10.33	14.56	20.08	13.21	6.62
Fixed Asset Turnover	0.33	0.29	0.29	0.28	0.27	0.18	0.19	0.33	0.26	0.24
Accounts Payable Turnover	9.03	3.36	6.92	6.04	7.96	5.48	5.36	6.56	5.17	4.28
Days Sales Outstanding (DSO)	46.91	47.25	42.39	41.08	39.66	41.72	41.15	38.63	50.29	46.63
Days Inventory Outstanding (DIO)	25.18	81.58	35.36	35.79	31.92	35.32	25.06	18.18	27.62	55.14
Days Payable Outstanding (DPO)	40.44	108.71	52.73	60.43	45.88	66.67	68.08	55.66	70.56	85.27
Cash Conversion Cycle (CCC)	31.65	20.11	25.02	16.44	25.69	10.38	-1.86	1.14	7.35	16.50
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,804	4,189	4,181	4,336	4,500	10,953	5,436	7,412	6,663	7,684
Invested Capital Turnover	0.39	0.34	0.35	0.34	0.33	0.20	0.22	0.35	0.28	0.27
Increase / (Decrease) in Invested Capital	191	385	-7.77	155	164	6,453	-5,517	1,976	-749	1,021
Enterprise Value (EV)	4,053	4,712	5,162	5,442	6,373	6,520	7,006	7,807	7,682	9,296
Market Capitalization	1,934	2,230	2,697	2,817	3,564	3,502	3,642	3,866	3,403	4,185
Book Value per Share	$13.93	$14.11	$21.22	$14.21	$0.01	$17.25	$17.35	$17.54	$18.80	$19.61
Tangible Book Value per Share	$11.59	$11.77	$17.74	$11.87	$0.01	$14.03	$15.12	$15.31	$15.11	$15.35
Total Capital	4,080	4,436	4,504	4,670	4,946	5,556	5,996	6,554	7,194	8,127
Total Debt	2,343	2,680	2,743	2,906	3,193	3,436	3,762	4,309	4,784	5,533
Total Long-Term Debt	1,967	2,119	2,181	2,670	2,517	2,801	3,520	3,893	4,242	4,312
Net Debt	2,037	2,402	2,399	2,549	2,735	2,947	3,297	3,888	4,217	5,052
Capital Expenditures (CapEx)	559	600	500	501	616	679	935	913	1,043	1,244
Debt-free, Cash-free Net Working Capital (DFCFNWC)	86	140	17	24	-1.94	-13	-99	-67	-660	-535
Debt-free Net Working Capital (DFNWC)	132	145	21	26	1.90	35	-98	-63	-213	-55
Net Working Capital (NWC)	-243	-416	-541	-210	-673	-600	-340	-479	-755	-1,276
Net Nonoperating Expense (NNE)	53	61	38	118	107	70	55	160	166	160
Net Nonoperating Obligations (NNO)	2,067	2,433	2,420	2,572	2,747	8,833	3,202	5,167	4,252	5,089
Total Depreciation and Amortization (D&A)	223	242	268	276	301	315	320	341	354	423
Debt-free, Cash-free Net Working Capital to Revenue	5.99%	10.29%	1.18%	1.66%	-0.13%	-0.86%	-5.54%	-2.96%	-34.02%	-27.16%
Debt-free Net Working Capital to Revenue	9.19%	10.62%	1.46%	1.81%	0.13%	2.28%	-5.48%	-2.78%	-10.99%	-2.81%
Net Working Capital to Revenue	-16.91%	-30.50%	-37.45%	-14.61%	-46.20%	-39.41%	-19.08%	-21.31%	-38.94%	-64.75%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.20	$1.47	$1.00	$1.07	$0.97	$2.16	$2.28	$1.97	$1.02	$2.67
Adjusted Weighted Average Basic Shares Outstanding	118.78M	118.78M	118.78M	118.78M	118.78B	124.96M	124.96M	124.96M	129.32M	131.78M
Adjusted Diluted Earnings per Share	$0.20	$1.46	$1.00	$1.07	$0.97	$2.15	$2.27	$1.97	$1.02	$2.67
Adjusted Weighted Average Diluted Shares Outstanding	118.78M	118.78M	118.78M	118.78M	118.78B	124.96M	124.96M	124.96M	129.32M	131.78M
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	118.78M	118.78M	118.78M	118.78M	118.78B	124.96M	124.96M	124.96M	129.32M	131.78M
Normalized Net Operating Profit after Tax (NOPAT)	84	192	221	280	101	257	267	345	162	419
Normalized NOPAT Margin	5.82%	14.12%	15.26%	19.50%	6.93%	16.87%	15.01%	15.34%	8.35%	21.24%
Pre Tax Income Margin	3.21%	14.32%	15.62%	7.59%	4.59%	13.65%	13.73%	9.39%	4.67%	14.22%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.21	2.19	2.43	1.87	1.19	2.50	3.20	3.14	1.26	2.01
NOPAT to Interest Expense	0.73	1.50	1.04	1.72	1.64	2.25	2.76	2.70	1.43	1.84
EBIT Less CapEx to Interest Expense	-3.66	-2.47	-1.49	-2.07	-3.90	-3.43	-6.45	-4.00	-4.22	-3.45
NOPAT Less CapEx to Interest Expense	-4.13	-3.17	-2.88	-2.22	-3.45	-3.69	-6.89	-4.44	-4.05	-3.62
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	261.60%	66.44%	100.12%	100.76%	117.58%	62.23%	62.34%	74.18%	138.73%	61.62%
Augmented Payout Ratio	318.62%	78.15%	114.72%	113.24%	128.34%	68.62%	67.12%	78.49%	147.76%	64.89%

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

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

Frequently Asked Questions About TXNM Energy's Financials

When does TXNM Energy's fiscal year end?

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

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 4/26/2025 by MarketBeat.com Staff

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TXNM Energy (TXNM) Financials

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TXNM Energy (TXNM) Financials

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