TXNM TXNM Energy margins

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Relative Growth: Rel. Growth: 61
Relative Strength: Rel. Strength: 53
Relative Valuation: Rel. Valuation: 58
Relative Profitability: Rel. Profitability: 67
Gross margin
59.8%
Operating margin
28.7%
EBITDA margin
44.8%
Net margin
9.9%

Recent TXNM Energy shows a gross margin of 59.8%, an operating margin of 28.7%, an EBITDA margin of 44.8%, and a net margin of 9.9%. All reported margins improved year over year, led by operating margin with an increase of 3.7 percentage points.

TXNM margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, TXNM Energy's margins averaged 56.83% gross, 25.14% operating, 41.36% EBITDA, and 7.88% net. All four current margins are above their three-year averages.

TXNM margin expansion

Year-over-year margin changes in percentage points

Year over year, gross, operating, EBITDA, and net margins all increased, with operating margin showing the largest gain at 3.7 percentage points.

Gross margin expansion
2.2pp
Operating margin expansion
3.7pp
EBITDA margin expansion
0.5pp
Net margin expansion
1.5pp

TXNM Gross margin

TXNM Energy recorded an average gross margin of 56.83% across the last 3 years. TXNM Energy currently reports a gross margin of 59.8%, 3 percentage points above its three-year average. The highest gross margin for TXNM Energy was 60.5% in Dec 2024, while the lowest was 49% in Dec 2023.

TXNM Operating margin

Over the last 3 years, TXNM Energy had an average operating margin of 25.14%. At present, the current operating margin for TXNM Energy is 28.7%, 3.6 percentage points above its three-year average. Looking back over the last 3 years, TXNM Energy's operating margin reached 28.7% at its highest point in Sep 2026 and 20.7% at its lowest in Dec 2023.

TXNM EBITDA margin

The average EBITDA margin for TXNM Energy was 41.36% over the last 3 years. Currently, the current EBITDA margin for TXNM Energy is 44.8%, 3.4 percentage points above its three-year average. The EBITDA margin for TXNM Energy moved between 31.7% in Dec 2023 and 46.4% in Dec 2024.

TXNM Net margin

Looking back over the last 3 years, TXNM Energy recorded an average net margin of 7.88%. TXNM Energy's current net margin is 9.9% and is 2 percentage points above its three-year average. The highest net margin for TXNM Energy was 12.3% in Dec 2024, while the lowest was 4.4% in Mar 2024.

TXNM margin group comparison

Margins compared with peer-group, industry and sector averages

TXNM Energy's gross margin of 59.8% is above the Utilities sector and the industry average. Compared to its Utilities sector average of 43.2%, TXNM Energy's gross margin is 38% higher.

TXNM margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is TXNM Energy's gross margin?

For the period ending Sep 30, 2026, TXNM recorded a gross margin of 59.8%.

What is TXNM Energy's operating margin?

The current operating margin for TXNM is 28.7% as of Sep 30, 2026.

What is TXNM Energy's EBITDA margin?

For the period ending Sep 30, 2026, TXNM recorded an EBITDA margin of 44.8%.

What is TXNM Energy's net margin?

As of Sep 30, 2026, TXNM has a net margin of 9.9%.

What are the average margins of TXNM?

Over the last 3 years, TXNM Energy's margins averaged 56.8% gross, 25.1% operating, 41.4% EBITDA, and 7.9% net.

What are the highest historical margins of TXNM?

TXNM Energy's highest recorded margins during the past 5 years were 60.5% gross in Dec 2024, 28.7% operating in Sep 2026, 46.4% EBITDA in Dec 2024, and 12.3% net in Dec 2024.

What are the lowest historical margins of TXNM?

Across the 5-year period, TXNM posted its lowest margins at 45% gross in Mar 2023, 20.7% operating in Dec 2023, 29.5% EBITDA in Dec 2022, and 4.4% net in Mar 2024.