TXNM ENERGY INC (TXNM) Fundamental Analysis & Valuation

NYSE:TXNM • US69349H1077

59 USD
+0.07 (+0.12%)
At close: Mar 4, 2026
59 USD
0 (0%)
After Hours: 3/4/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This TXNM fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

3

Taking everything into account, TXNM scores 3 out of 10 in our fundamental rating. TXNM was compared to 46 industry peers in the Electric Utilities industry. While TXNM is still in line with the averages on profitability rating, there are concerns on its financial health. TXNM is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

4

1. TXNM Profitability Analysis

1.1 Basic Checks

  • TXNM had positive earnings in the past year.
  • TXNM had a positive operating cash flow in the past year.
  • TXNM had positive earnings in each of the past 5 years.
  • In the past 5 years TXNM always reported a positive cash flow from operatings.
TXNM Yearly Net Income VS EBIT VS OCF VS FCFTXNM Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M -400M -600M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 1.48%, TXNM is doing worse than 86.96% of the companies in the same industry.
  • The Return On Equity of TXNM (5.16%) is worse than 86.96% of its industry peers.
  • TXNM's Return On Invested Capital of 3.00% is on the low side compared to the rest of the industry. TXNM is outperformed by 78.26% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for TXNM is in line with the industry average of 4.48%.
Industry RankSector Rank
ROA 1.48%
ROE 5.16%
ROIC 3%
ROA(3y)1.62%
ROA(5y)1.86%
ROE(3y)6.97%
ROE(5y)7.66%
ROIC(3y)3.28%
ROIC(5y)3.22%
TXNM Yearly ROA, ROE, ROICTXNM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8

1.3 Margins

  • Looking at the Profit Margin, with a value of 8.39%, TXNM is doing worse than 76.09% of the companies in the same industry.
  • In the last couple of years the Profit Margin of TXNM has grown nicely.
  • TXNM has a Operating Margin of 19.97%. This is comparable to the rest of the industry: TXNM outperforms 45.65% of its industry peers.
  • TXNM's Operating Margin has improved in the last couple of years.
Industry RankSector Rank
OM 19.97%
PM (TTM) 8.39%
GM N/A
OM growth 3Y10.52%
OM growth 5Y2.97%
PM growth 3Y3.74%
PM growth 5Y18.26%
GM growth 3YN/A
GM growth 5YN/A
TXNM Yearly Profit, Operating, Gross MarginsTXNM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

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ROAROEROICOperating and Profit MarginShow most profitable peers

0

2. TXNM Health Analysis

2.1 Basic Checks

  • TXNM has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • TXNM has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, TXNM has more shares outstanding
  • TXNM has a worse debt/assets ratio than last year.
TXNM Yearly Shares OutstandingTXNM Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M
TXNM Yearly Total Debt VS Total AssetsTXNM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

2.2 Solvency

  • Based on the Altman-Z score of 0.79, we must say that TXNM is in the distress zone and has some risk of bankruptcy.
  • TXNM has a Altman-Z score of 0.79. This is comparable to the rest of the industry: TXNM outperforms 50.00% of its industry peers.
  • A Debt/Equity ratio of 1.46 is on the high side and indicates that TXNM has dependencies on debt financing.
  • TXNM has a Debt to Equity ratio (1.46) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 1.46
Debt/FCF N/A
Altman-Z 0.79
ROIC/WACC0.48
WACC6.23%
TXNM Yearly LT Debt VS Equity VS FCFTXNM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B 4B

2.3 Liquidity

  • A Current Ratio of 0.51 indicates that TXNM may have some problems paying its short term obligations.
  • The Current ratio of TXNM (0.51) is worse than 86.96% of its industry peers.
  • TXNM has a Quick Ratio of 0.51. This is a bad value and indicates that TXNM is not financially healthy enough and could expect problems in meeting its short term obligations.
  • TXNM has a worse Quick ratio (0.36) than 82.61% of its industry peers.
Industry RankSector Rank
Current Ratio 0.51
Quick Ratio 0.36
TXNM Yearly Current Assets VS Current LiabilitesTXNM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. TXNM Growth Analysis

3.1 Past

  • The earnings per share for TXNM have decreased strongly by -20.99% in the last year.
  • TXNM shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.97% yearly.
  • TXNM shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.65%.
  • Measured over the past years, TXNM shows a small growth in Revenue. The Revenue has been growing by 6.22% on average per year.
EPS 1Y (TTM)-20.99%
EPS 3Y3.8%
EPS 5Y4.97%
EPS Q2Q%-6.99%
Revenue 1Y (TTM)10.65%
Revenue growth 3Y3.46%
Revenue growth 5Y6.22%
Sales Q2Q%13.69%

3.2 Future

  • TXNM is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.58% yearly.
  • Based on estimates for the next years, TXNM will show a small growth in Revenue. The Revenue will grow by 7.20% on average per year.
EPS Next Y-0.5%
EPS Next 2Y5.24%
EPS Next 3Y7.13%
EPS Next 5Y7.58%
Revenue Next Year0.19%
Revenue Next 2Y2.9%
Revenue Next 3Y3.04%
Revenue Next 5Y7.2%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
TXNM Yearly Revenue VS EstimatesTXNM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1B 2B 3B
TXNM Yearly EPS VS EstimatesTXNM Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1 2 3

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1

4. TXNM Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 28.50, TXNM can be considered very expensive at the moment.
  • Based on the Price/Earnings ratio, TXNM is valued expensively inside the industry as 82.61% of the companies are valued cheaper.
  • Compared to an average S&P500 Price/Earnings ratio of 27.03, TXNM is valued at the same level.
  • The Price/Forward Earnings ratio is 19.44, which indicates a rather expensive current valuation of TXNM.
  • TXNM's Price/Forward Earnings is on the same level as the industry average.
  • TXNM is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 25.11, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 28.5
Fwd PE 19.44
TXNM Price Earnings VS Forward Price EarningsTXNM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TXNM is on the same level as its industry peers.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 12.9
TXNM Per share dataTXNM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)5.74
EPS Next 2Y5.24%
EPS Next 3Y7.13%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. TXNM Dividend Analysis

5.1 Amount

  • TXNM has a Yearly Dividend Yield of 2.86%.
  • Compared to an average industry Dividend Yield of 3.15, TXNM is paying slightly less dividend.
  • TXNM's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.86%

5.2 History

  • The dividend of TXNM has a limited annual growth rate of 5.66%.
  • TXNM has been paying a dividend for over 5 years, so it has already some track record.
  • TXNM has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)5.66%
Div Incr Years5
Div Non Decr Years5
TXNM Yearly Dividends per shareTXNM Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • TXNM pays out 87.01% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of TXNM is growing, but earnings are growing more, so the dividend growth is sustainable.
DP87.01%
EPS Next 2Y5.24%
EPS Next 3Y7.13%
TXNM Yearly Income VS Free CF VS DividendTXNM Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M -400M -600M
TXNM Dividend Payout.TXNM Dividend Payout, showing the Payout Ratio.TXNM Dividend Payout.PayoutRetained Earnings

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TXNM Fundamentals: All Metrics, Ratios and Statistics

TXNM ENERGY INC

NYSE:TXNM (3/4/2026, 8:04:00 PM)

After market: 59 0 (0%)

59

+0.07 (+0.12%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)02-20
Earnings (Next)05-07
Inst Owners92.46%
Inst Owner ChangeN/A
Ins Owners0.9%
Ins Owner Change2.96%
Market Cap6.43B
Revenue(TTM)2.11B
Net Income(TTM)176.92M
Analysts73.33
Price Target61.46 (4.17%)
Short Float %6.55%
Short Ratio6.46
Dividend
Industry RankSector Rank
Dividend Yield 2.86%
Yearly Dividend1.53
Dividend Growth(5Y)5.66%
DP87.01%
Div Incr Years5
Div Non Decr Years5
Ex-Date01-30
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-26.12%
Min EPS beat(2)-40.51%
Max EPS beat(2)-11.74%
EPS beat(4)0
Avg EPS beat(4)-16.07%
Min EPS beat(4)-40.51%
Max EPS beat(4)-4.56%
EPS beat(8)3
Avg EPS beat(8)-4.63%
EPS beat(12)5
Avg EPS beat(12)-1.31%
EPS beat(16)9
Avg EPS beat(16)3.49%
Revenue beat(2)2
Avg Revenue beat(2)4.44%
Min Revenue beat(2)2.76%
Max Revenue beat(2)6.11%
Revenue beat(4)3
Avg Revenue beat(4)0.71%
Min Revenue beat(4)-14.41%
Max Revenue beat(4)8.36%
Revenue beat(8)3
Avg Revenue beat(8)-5.96%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0.24%
EPS NQ rev (1m)6.34%
EPS NQ rev (3m)4.73%
EPS NY rev (1m)-2.82%
EPS NY rev (3m)-0.85%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)5.33%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.6%
Valuation
Industry RankSector Rank
PE 28.5
Fwd PE 19.44
P/S 3.05
P/FCF N/A
P/OCF 10.98
P/B 1.87
P/tB 2.04
EV/EBITDA 12.9
EPS(TTM)2.07
EY3.51%
EPS(NY)3.03
Fwd EY5.14%
FCF(TTM)-5.9
FCFYN/A
OCF(TTM)5.37
OCFY9.11%
SpS19.37
BVpS31.47
TBVpS28.91
PEG (NY)N/A
PEG (5Y)5.74
Graham Number38.28
Profitability
Industry RankSector Rank
ROA 1.48%
ROE 5.16%
ROCE 3.9%
ROIC 3%
ROICexc 3%
ROICexgc 3.08%
OM 19.97%
PM (TTM) 8.39%
GM N/A
FCFM N/A
ROA(3y)1.62%
ROA(5y)1.86%
ROE(3y)6.97%
ROE(5y)7.66%
ROIC(3y)3.28%
ROIC(5y)3.22%
ROICexc(3y)3.28%
ROICexc(5y)3.23%
ROICexgc(3y)3.38%
ROICexgc(5y)3.34%
ROCE(3y)4.33%
ROCE(5y)4.19%
ROICexgc growth 3Y6.04%
ROICexgc growth 5Y-0.01%
ROICexc growth 3Y6.28%
ROICexc growth 5Y0.31%
OM growth 3Y10.52%
OM growth 5Y2.97%
PM growth 3Y3.74%
PM growth 5Y18.26%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.18
Health
Industry RankSector Rank
Debt/Equity 1.46
Debt/FCF N/A
Debt/EBITDA 5.63
Cap/Depr 261.1%
Cap/Sales 58.2%
Interest Coverage 1.9
Cash Conversion 65.67%
Profit Quality N/A
Current Ratio 0.51
Quick Ratio 0.36
Altman-Z 0.79
F-Score6
WACC6.23%
ROIC/WACC0.48
Cap/Depr(3y)288.83%
Cap/Depr(5y)274.85%
Cap/Sales(3y)53.1%
Cap/Sales(5y)51.28%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-20.99%
EPS 3Y3.8%
EPS 5Y4.97%
EPS Q2Q%-6.99%
EPS Next Y-0.5%
EPS Next 2Y5.24%
EPS Next 3Y7.13%
EPS Next 5Y7.58%
Revenue 1Y (TTM)10.65%
Revenue growth 3Y3.46%
Revenue growth 5Y6.22%
Sales Q2Q%13.69%
Revenue Next Year0.19%
Revenue Next 2Y2.9%
Revenue Next 3Y3.04%
Revenue Next 5Y7.2%
EBIT growth 1Y3.47%
EBIT growth 3Y14.34%
EBIT growth 5Y9.38%
EBIT Next Year99.5%
EBIT Next 3Y32.24%
EBIT Next 5Y26.83%
FCF growth 1Y-38.04%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y5.98%
OCF growth 3Y-2.48%
OCF growth 5Y0.2%

TXNM ENERGY INC / TXNM FAQ

What is the fundamental rating for TXNM stock?

ChartMill assigns a fundamental rating of 3 / 10 to TXNM.


What is the valuation status of TXNM ENERGY INC (TXNM) stock?

ChartMill assigns a valuation rating of 1 / 10 to TXNM ENERGY INC (TXNM). This can be considered as Overvalued.


How profitable is TXNM ENERGY INC (TXNM) stock?

TXNM ENERGY INC (TXNM) has a profitability rating of 4 / 10.


Can you provide the PE and PB ratios for TXNM stock?

The Price/Earnings (PE) ratio for TXNM ENERGY INC (TXNM) is 28.5 and the Price/Book (PB) ratio is 1.87.


How financially healthy is TXNM ENERGY INC?

The financial health rating of TXNM ENERGY INC (TXNM) is 0 / 10.