TXNM Energy, Inc. (TXNM) Income Statement
TXNM 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsTXNM revenue and net income
Where TXNM's revenue goes
2025Each bar shows an amount and its share of revenue. TXNM kept 7.0% of revenue as net income.
TXNM profit margins
TXNM growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +9.9% | −1.3% | +7.3% | — |
| Gross profit | +1.8% | +4.9% | +7.1% | — |
| Operating income | −4.6% | +3.8% | +9.0% | — |
| Net income | −37.6% | −3.8% | −2.7% | — |
| EPS (diluted) | −17.9% | −5.7% | −0.3% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TXNM quarterly EPS vs estimates
TXNM Energy beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: October 30, 2026 (estimate $1.47).
TXNM income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.17B | $1.97B | $1.94B | $2.25B | $1.78B | $1.52B | $1.46B |
| Cost of revenue | $1.34B | $1.16B | $1.31B | $1.53B | $1.15B | $938.7M | $892.9M |
| Gross profit | $824.8M | $810.2M | $627.1M | $714.7M | $625.6M | $584.2M | $564.6M |
| Sales, general & admin | $274.5M | $247.1M | $227.9M | $227.1M | $233.8M | $224.3M | $69.9M |
| Total operating expenses | $384.3M | $347.7M | $323.8M | $320.1M | $316.3M | $297.9M | $269.3M |
| Operating income | $441.2M | $462.5M | $303.3M | $394.6M | $309.3M | $286.4M | $295.3M |
| Interest income | $20.1M | $23.5M | $22.0M | $16.1M | $14.7M | $14.2M | — |
| Interest expense | $335.0M | $228.1M | $190.4M | $127.9M | $96.9M | $114.4M | $121.0M |
| Income before taxes | $180.0M | $280.2M | $90.5M | $211.3M | $244.4M | $208.0M | $66.8M |
| Income taxes | $10.2M | $21.5M | −$16.4M | $26.1M | $32.6M | $20.6M | −$25.3M |
| Net income | $151.4M | $242.7M | $88.3M | $170.1M | $196.4M | $173.3M | $77.9M |
| EBITDA | $998.4M | $929.2M | $627.7M | $682.4M | $663.8M | $639.9M | $494.9M |
| EPS (diluted) | $2.25 | $2.74 | $2.82 | $2.68 | $2.45 | $2.28 | $2.15 |
| Gross margin | 38.1% | 41.1% | 32.3% | 31.8% | 35.2% | 38.4% | 38.7% |
| Operating margin | 20.4% | 23.5% | 15.6% | 17.5% | 17.4% | 18.8% | 20.3% |
| Net margin | 7.0% | 12.3% | 4.6% | 7.6% | 11.0% | 11.4% | 5.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $548.6M | $505.0M | $533.2M | $647.2M | $502.4M | $482.8M | $477.0M | $569.3M | $488.1M | $436.9M | $412.1M | $505.9M |
| Cost of revenue | $329.5M | $329.1M | $343.2M | $348.4M | $325.4M | $323.8M | $310.6M | $281.2M | $298.8M | $270.5M | $309.2M | $336.0M |
| Gross profit | $219.1M | $175.9M | $190.0M | $298.8M | $177.0M | $159.0M | $166.4M | $288.0M | $189.3M | $166.4M | $103.0M | $169.9M |
| Sales, general & admin | $64.9M | $66.9M | $69.2M | $68.4M | $102.5M | $61.0M | $67.3M | $64.8M | $84.6M | $78.2M | $60.3M | $58.5M |
| Total operating expenses | $95.8M | $98.9M | $96.3M | $96.6M | $104.3M | $87.1M | $91.9M | $90.8M | $83.7M | $81.4M | $83.8M | $80.9M |
| Operating income | $123.3M | $77.0M | $93.7M | $202.1M | $72.7M | $71.9M | $74.5M | $197.2M | $105.7M | $85.0M | $19.1M | $89.0M |
| Interest income | $4.2M | $3.6M | $5.5M | $6.5M | $3.9M | $4.2M | $5.8M | $8.7M | $4.5M | $4.6M | $6.4M | $5.4M |
| Interest expense | $69.9M | $69.3M | $125.8M | $70.1M | $72.0M | $63.6M | $58.8M | $59.7M | $55.8M | $53.8M | $53.7M | $49.8M |
| Income before taxes | $87.7M | $8.0M | −$16.4M | $155.3M | $27.3M | $13.8M | $21.7M | $159.8M | $60.9M | $37.8M | −$74.8M | $37.6M |
| Income taxes | $12.3M | −$9,000 | −$11.1M | $18.9M | $1.3M | $1.0M | $1.7M | $23.4M | $9.0M | −$12.6M | −$29.1M | −$5.3M |
| Net income | $71.4M | $3.9M | −$9.7M | $130.8M | $21.7M | $9.1M | $15.8M | $131.3M | $48.2M | $47.3M | −$50.1M | $37.9M |
| EBITDA | $284.6M | $202.0M | $231.7M | $351.3M | $221.5M | $192.9M | $188.3M | $327.0M | $220.1M | $187.6M | $67.9M | $176.2M |
| EPS (diluted) | $0.58 | $0.21 | $0.48 | $1.33 | $0.25 | $0.19 | $0.30 | $1.43 | $0.60 | $0.41 | $0.18 | $1.54 |
| Gross margin | 39.9% | 34.8% | 35.6% | 46.2% | 35.2% | 32.9% | 34.9% | 50.6% | 38.8% | 38.1% | 25.0% | 33.6% |
| Operating margin | 22.5% | 15.3% | 17.6% | 31.2% | 14.5% | 14.9% | 15.6% | 34.6% | 21.7% | 19.5% | 4.6% | 17.6% |
| Net margin | 13.0% | 0.8% | −1.8% | 20.2% | 4.3% | 1.9% | 3.3% | 23.1% | 9.9% | 10.8% | −12.2% | 7.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TXNM's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TXNM financial results
In fiscal year 2025 (ended December 31, 2025), TXNM Energy reported revenue of $2.2 billion, up 9.9% from the year before. It had net income of $151.4 million (down 37.6%), a net profit margin of 7.0%. Diluted earnings per share came to $2.25. Over five years revenue grew at an average rate of 7.3% a year.
See the TXNM stock overview for the latest quote and news, or the TXNM chart for price history and technical indicators.
TXNM income statement FAQ
What is TXNM Energy's annual revenue?
TXNM Energy reported total revenue of $2.2 billion for fiscal year 2025, which ended on December 31, 2025. That was up 9.9% from $2.0 billion the previous year.
Is TXNM Energy profitable?
Yes. TXNM Energy reported net income of $151.4 million in fiscal 2025, a net profit margin of 7.0%; its operating margin was 20.4%.
What is TXNM Energy's gross margin?
TXNM Energy's gross margin was 38.1% in fiscal 2025: for every $100 of revenue, TXNM Energy kept $38 after the direct cost of its products and services.
How fast is TXNM Energy growing?
Revenue grew 7.3% a year on average over the last five fiscal years, from $1.5 billion to $2.2 billion.
What are TXNM Energy's earnings per share?
TXNM Energy earned $2.25 per diluted share in fiscal 2025, compared with $2.74 a year earlier.
When will TXNM Energy report its next earnings?
TXNM Energy is expected to report results for the quarter ending September 30, 2026 on October 30, 2026 before the market opens.
When does TXNM Energy's fiscal year end?
TXNM Energy's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.
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