Overview Dividends

(TXNM) TXNM Energy - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US69349H1077

Electricity, Transmission, Distribution, Leasing

Electric Utilities
Market Cap in USD: 6,413m

IPO / Inception: 1984-08-10
Return 12m vs S&P 500: 9.67%

EPS (Earnings per Share)

EPS CAGR: 63.59%
EPS Trend: 4.9%

Last SUE: 0.33
Qual. Beats: 0

Revenue

Rev. CAGR: 4.34%
Rev. Trend: 14.3%

Last SUE: 0.45
Qual. Beats: 0

Dividends

Dividend Yield	3.48%
Yield on Cost 5y	4.97%
Yield CAGR 5y	5.61%
Payout Consistency	61.9%
Payout Ratio	79.5%

Risk via 5d forecast
Volatility	4.59%
Value at Risk 5%th	6.87%
Relative Tail Risk	-9.14%

Reward TTM
Sharpe Ratio	1.03
Alpha	14.94
CAGR/Max DD	0.37

Character TTM
Hurst Exponent	0.385
Beta	0.349
Beta Downside	0.407

Drawdowns 3y
Max DD	27.27%
Mean DD	7.66%
Median DD	5.86%

Description: TXNM TXNM Energy November 05, 2025

TXNM Energy, Inc. (NYSE:TXNM) is a vertically integrated electric utility that generates, transmits, and distributes electricity to residential, commercial, and industrial customers across New Mexico and Texas. The company also owns and leases a range of non-utility assets-including communications equipment, vehicles, energy-storage facilities, and real-estate-and provides regulated transmission and distribution services in Texas.

Key operational metrics show a FY2023 adjusted EBITDA of roughly $1.2 billion and a regulated rate base near $10 billion, while the firm has added approximately 1.5 GW of renewable generation capacity (primarily solar and wind) since 2022. Core economic drivers include regional natural-gas price volatility, federal clean-energy tax incentives, and the competitive dynamics of Texas’s deregulated electricity market.

For a deeper quantitative dive, the ValueRay platform offers a granular view of TXNM’s valuation metrics and peer comparisons.

Piotroski VR‑10 (Strict, 0-10) 2.0

Net Income (177.4m TTM) > 0 and > 6% of Revenue (6% = 126.6m TTM)

FCFTA -0.05 (>2.0%) and ΔFCFTA 0.96pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -27.53% (prev -45.84%; Δ 18.31pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.05 (>3.0%) and CFO 585.4m > Net Income 177.4m (YES >=105%, WARN >=100%)

Net Debt (5.71b) to EBITDA (953.9m) ratio: 5.99 <= 3.0 (WARN <= 3.5)

Current Ratio 0.51 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (93.2m) change vs 12m ago 2.84% (target <= -2.0% for YES)

Gross Margin 37.98% (prev 39.17%; Δ -1.19pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 18.49% (prev 17.58%; Δ 0.91pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 1.83 (EBITDA TTM 953.9m / Interest Expense TTM 264.5m) >= 6 (WARN >= 3)

Altman Z'' 0.64

(A) -0.05 = (Total Current Assets 595.4m - Total Current Liabilities 1.18b) / Total Assets 11.97b

(B) 0.08 = Retained Earnings (Balance) 924.2m / Total Assets 11.97b

(D) 0.40 = Book Value of Equity 3.42b / Total Liabilities 8.50b

Total Rating: 0.64 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 38.22

1. Piotroski 2.0pt

2. FCF Yield -5.30%

3. FCF Margin -30.45%

4. Debt/Equity 1.68

5. Debt/Ebitda 5.99

6. ROIC - WACC (= 0.65)%

7. RoE 6.08%

8. Rev. Trend 14.34%

9. EPS Trend 4.88%

What is the price of TXNM shares?

As of January 07, 2026, the stock is trading at USD 59.01 with a total of 649,517 shares traded.
Over the past week, the price has changed by +0.12%, over one month by +1.36%, over three months by +4.55% and over the past year by +28.94%.

Is TXNM a buy, sell or hold?

TXNM Energy has received a consensus analysts rating of 3.88. Therefore, it is recommended to buy TXNM.

Strong Buy: 3
Buy: 1
Hold: 4
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the TXNM price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	60.8	3%
Analysts Target Price	60.8	3%
ValueRay Target Price	66.1	12%

TXNM Fundamental Data Overview January 03, 2026

Market Cap USD = 6.41b (6.41b USD * 1.0 USD.USD)
P/E Trailing = 32.7111
P/E Forward = 20.4499
P/S = 3.0404
P/B = 1.8774
P/EG = 2.9206
Beta = 0.17
Revenue TTM = 2.11b USD
EBIT TTM = 483.8m USD
EBITDA TTM = 953.9m USD
Long Term Debt = 4.68b USD (from longTermDebt, last quarter)
Short Term Debt = 743.0m USD (from shortTermDebt, last quarter)
Debt = 5.75b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 5.71b USD (from netDebt column, last quarter)
Enterprise Value = 12.13b USD (6.41b + Debt 5.75b - CCE 32.1m)
Interest Coverage Ratio = 1.83 (Ebit TTM 483.8m / Interest Expense TTM 264.5m)
FCF Yield = -5.30% (FCF TTM -642.2m / Enterprise Value 12.13b)
FCF Margin = -30.45% (FCF TTM -642.2m / Revenue TTM 2.11b)
Net Margin = 8.41% (Net Income TTM 177.4m / Revenue TTM 2.11b)
Gross Margin = 37.98% ((Revenue TTM 2.11b - Cost of Revenue TTM 1.31b) / Revenue TTM)
Gross Margin QoQ = 46.17% (prev 35.23%)
Tobins Q-Ratio = 1.01 (Enterprise Value 12.13b / Total Assets 11.97b)
Interest Expense / Debt = 1.22% (Interest Expense 70.1m / Debt 5.75b)
Taxrate = 12.21% (18.9m / 155.3m)
NOPAT = 424.7m (EBIT 483.8m * (1 - 12.21%))
Current Ratio = 0.51 (Total Current Assets 595.4m / Total Current Liabilities 1.18b)
Debt / Equity = 1.68 (Debt 5.75b / totalStockholderEquity, last quarter 3.43b)
Debt / EBITDA = 5.99 (Net Debt 5.71b / EBITDA 953.9m)
Debt / FCF = -8.90 (negative FCF - burning cash) (Net Debt 5.71b / FCF TTM -642.2m)
Total Stockholder Equity = 2.92b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.48% (Net Income 177.4m / Total Assets 11.97b)
RoE = 6.08% (Net Income TTM 177.4m / Total Stockholder Equity 2.92b)
RoCE = 6.37% (EBIT 483.8m / Capital Employed (Equity 2.92b + L.T.Debt 4.68b))
RoIC = 5.00% (NOPAT 424.7m / Invested Capital 8.49b)
WACC = 4.36% (E(6.41b)/V(12.16b) * Re(7.30%) + D(5.75b)/V(12.16b) * Rd(1.22%) * (1-Tc(0.12)))
Discount Rate = 7.30% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 100.0 | Cagr: 2.64%
Fair Price DCF = unknown (Cash Flow -642.2m)
EPS Correlation: 4.88 | EPS CAGR: 63.59% | SUE: 0.33 | # QB: 0
Revenue Correlation: 14.34 | Revenue CAGR: 4.34% | SUE: 0.45 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.25 | Chg30d=+0.004 | Revisions Net=+1 | Analysts=2
EPS next Year (2026-12-31): EPS=2.93 | Chg30d=+0.000 | Revisions Net=-2 | Growth EPS=+9.9% | Growth Revenue=+5.1%

Additional Sources for TXNM Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle