Stocktoria

TXNM ENERGY INC TXNM

NYSE · stock · Electric Services · website · IPO 1980-03-17 · LEI

TXNM ENERGY INC statistics & valuation

Market cap$6.3B
P / S2.9×
P / B1.8×
Dividend yield2.58%
Net debt$5.1B
Net debt / EBITDA5.5×
Enterprise value USD$11.4B
EV / EBITDA12.4×
Earnings yield EBIT/EV3.9%
Return on capital4%
Graham number -43.4%$32.47

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($32.47); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
39.80% 36.50% 32.90% 33.80% 2016201720182019202020212022202320242025
Operating margin (%)
20.90% 21.80% 16.40% 9.90% 18.70% 17.30% 17.50% 11.90% 23.00% 20.40% 2016201720182019202020212022202320242025
Return on equity (%)
6.70% 4.50% 2016201720182019202020212022202320242025
Shares outstanding
80.1M 80.1M 80.0M 80.0M 85.8M 86.1M 86.2M 90.2M 92.7M 108.9M 2016201720182019202020212022202320242025
Net debt ($)
$2.11B $2.18B $2.67B $2.51B $2.67B $3.52B $3.89B $4.24B $4.31B $5.10B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
1.80% 1.20% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
1.21× 1.24× 1.52× 1.45× 1.29× 1.58× 1.73× 1.77× 1.67× 1.48× 2016201720182019202020212022202320242025
EPS ($)
$1.46 $1.00 $1.07 $0.97 $2.15 $2.27 $1.97 $1.02 $2.67 $1.48 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

TXNM ENERGY INC trades at about 38.7× earnings — near its 10-year norm (10-year range 18.1×–55.9×, median 35.5×).

18.1× 55.9×

Shaded band = 10-year range (18.1×–55.9×); dot = today's 38.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin——33.8%32.9%36.5%39.8%————
Operating margin20.4%23.0%11.9%17.5%17.3%18.7%9.9%16.4%21.8%20.9%
Net margin————————5.5%8.6%
Return on assets————————1.2%1.8%
Return on equity————————4.5%6.7%
Debt / equity1.48×1.67×1.77×1.73×1.58×1.29×1.45×1.52×1.24×1.21×
Current ratio0.550.280.390.460.490.390.300.590.350.47

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.