SuperworthTXNM Energy profit margin TXNM
Gross, operating and net profit as a share of revenue over the last twelve months, from 2010.
- Net margin, 12 months
- 8.8%
- Operating margin, 12 months
- 22.2%
- Net margin on a year earlier
- +0.0 pts
- Peer median
- 13.0%
Over the twelve months to Jun 30, 2026, TXNM Energy kept 8.8% of its revenue as net profit, with an operating margin of 22.2% and a gross margin of 63.9%.
Five years earlier its net margin was 12.5%.
The median for 10 electric utilities of a similar size is 13.0%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 7.0% | 20.4% | 62.4% |
| FY2024 | 12.3% | 23.0% | 65.6% |
| FY2023 | 4.6% | 11.9% | 53.9% |
| FY2022 | 7.6% | 17.5% | 49.5% |
| FY2021 | 11.0% | 17.3% | 55.7% |
| FY2020 | 11.4% | 18.7% | 61.6% |
| FY2019 | 5.3% | 9.9% | 61.9% |
| FY2018 | 6.0% | 16.4% | 61.8% |
| FY2017 | 5.5% | 21.7% | n/a |
| FY2016 | 8.6% | 20.4% | n/a |
| FY2015 | 1.1% | 8.6% | n/a |
| FY2014 | 8.1% | 20.9% | n/a |
| FY2013 | 7.2% | 20.7% | n/a |
| FY2012 | 7.9% | 20.4% | n/a |
| FY2011 | 10.4% | 15.1% | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 8.8% | +0.0 pts | 22.2% | |
| Q1 FY26 | 6.7% | −3.4 pts | 20.4% | |
| Q4 FY25 | 7.0% | −5.3 pts | 20.4% | |
| Q3 FY25 | 8.4% | −0.9 pts | 20.1% | |
| Q2 FY25 | 8.8% | +4.2 pts | 20.3% | |
| Q1 FY25 | 10.1% | +5.7 pts | 22.1% | |
| Q4 FY24 | 12.3% | +7.8 pts | 23.0% | |
| Q3 FY24 | 9.3% | +1.9 pts | 17.3% | |
| Q2 FY24 | 4.5% | −5.8 pts | 12.3% | |
| Q1 FY24 | 4.4% | −4.5 pts | 11.6% | |
| Q4 FY23 | 4.6% | −3.0 pts | 11.9% | |
| Q3 FY23 | 7.3% | −0.5 pts | 15.9% |
Against its peers
Companies in Regulated Electric nearest TXNM Energy's size, closest first, today.
| Company | Profit margin |
|---|---|
| TXNMTXNM Energy | 8.8% |
| BKHBlack Hills | 13.0% |
| ORAOrmat Technologies | 10.7% |
| PORPortland General Electric | n/m |
| NWENorthWestern Energy | 10.1% |
| IDAIdacorp | 18.8% |
| OTTROtter Tail | 14.8% |
| OGEOGE Energy | 14.4% |
| AVAAvista | 11.8% |
| PNWPinnacle West Capital | 11.5% |
| LNTAlliant Energy | 18.4% |
| Peer median | 13.0% |
Where TXNM Energy ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on TXNM Energy
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.