TXNM (TXNM Energy, Inc.) Stock Financials & Earnings | Market Cap Arena

TXNM (TXNM Energy, Inc.) Stock Financials & Earnings | Market Cap Arena

TXNMTXNM Energy, Inc.

Mkt Cap$6B

Utilities·Regulated Electric·🇺🇸 United States·NYSE

Revenue (TTM)$2.2B

Net Income (TTM)$152M

EPS (TTM)$1.44

Free Cash Flow (TTM)-$611M

Gross Margin38.1%

Op. Margin20.3%

Net Margin7.0%

FCF Margin-28.2%

P/S Ratio (TTM)3.0x

P/E Ratio (TTM)42.2x

YoY Rev Growth+9.9%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$544M	$180M	$99M
Q2 23	$477M	$175M	$96M
Q3 23	$506M	$170M	$89M
Q4 23	$412M	$103M	$19M
Q1 24	$437M	$166M	$85M
Q2 24	$488M	$189M	$106M
Q3 24	$569M	$288M	$197M
Q4 24	$477M	$166M	$75M
Q1 25	$483M	$159M	$72M
Q2 25	$502M	$177M	$73M
Q3 25	$647M	$299M	$202M
Q4 25	$533M	$190M	$94M

Valuation

Quarter	P/S	P/E
Q1 23	—	—
Q2 23	—	—
Q3 23	3.0x	41.5x
Q4 23	3.3x	72.5x
Q1 24	3.5x	79.6x
Q2 24	3.5x	77.0x
Q3 24	3.4x	36.3x
Q4 24	3.3x	26.4x
Q1 25	3.2x	31.3x
Q2 25	3.2x	36.0x
Q3 25	3.0x	36.1x
Q4 25	3.0x	42.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$132M	-$133M
Q2 23	$111M	-$162M
Q3 23	$170M	-$101M
Q4 23	$139M	-$129M
Q1 24	$93M	-$196M
Q2 24	$77M	-$216M
Q3 24	$180M	-$144M
Q4 24	$159M	-$183M
Q1 25	$141M	-$201M
Q2 25	$4M	-$263M
Q3 25	$282M	$5M
Q4 25	$158M	-$152M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$264M
Q2 23	$273M
Q3 23	$271M
Q4 23	$268M
Q1 24	$289M
Q2 24	$293M
Q3 24	$324M
Q4 24	$342M
Q1 25	$343M
Q2 25	$266M
Q3 25	$277M
Q4 25	$310M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 23	-28.4%	-24.3%
Q1 24	-19.7%	-20.9%
Q2 24	+2.3%	+0.3%
Q3 24	+12.5%	-10.8%
Q4 24	+15.7%	+2.4%
Q1 25	+10.5%	+16.8%
Q2 25	+2.9%	+12.4%
Q3 25	+13.7%	+19.6%
Q4 25	+11.8%	+9.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$3M	0.6%
Q2 23	$853K	0.2%
Q3 23	$2M	0.3%
Q4 23	$1M	0.3%
Q1 24	$5M	1.1%
Q2 24	$2M	0.4%
Q3 24	$0	0.0%
Q4 24	$2M	0.3%
Q1 25	$3M	0.6%
Q2 25	$2M	0.5%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	SG&A
Q1 23	—	$55M
Q2 23	—	$54M
Q3 23	—	$58M
Q4 23	—	$60M
Q1 24	—	$55M
Q2 24	—	$60M
Q3 24	—	$65M
Q4 24	—	$67M
Q1 25	—	$61M
Q2 25	—	$76M
Q3 25	$68M	—
Q4 25	$69M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$4M	$0	$4M
Q2 23	$8M	$0	$8M
Q3 23	$8M	$0	$8M
Q4 23	$2M	$0	$2M
Q1 24	$3M	$0	$3M
Q2 24	$3M	$0	$3M
Q3 24	$7M	$0	$7M
Q4 24	$4M	$0	$4M
Q1 25	$14M	$0	$14M
Q2 25	$36M	$0	$36M
Q3 25	$32M	$0	$32M
Q4 25	$2M	$0	$2M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	86M	+0.4%
Q2 23	86M	-0.0%
Q3 23	86M	+0.0%
Q4 23	88M	+2.7%
Q1 24	91M	+2.3%
Q2 24	91M	+0.2%
Q3 24	91M	-0.1%
Q4 24	90M	-0.4%
Q1 25	93M	+3.3%
Q2 25	93M	+0.0%
Q3 25	93M	+0.0%
Q4 25	93M	+0.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 19	$3M	466
FY 20	$3M	461
FY 21	$4M	444
FY 22	$1M	2K
FY 23	$1M	2K
FY 24	$1M	2K
FY 25	$6M	389