TXNM Energy (TXNM)

Utilities · Utilities - Regulated Electric
$58.55 +0.07% on the day Market cap $6.5B 52-week range $55.64 to $59.53 Prices as of Oct 7, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

TXNM Energy's free cash flow was negative in fiscal 2025, so a cash-flow reverse DCF doesn't give a meaningful answer. The Modeling tab works from revenue and margins instead.

Fundamental grade

D

Five factors scored 1 to 9 from TXNM's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation6
Profitability4
Growth2
Financial health1
Cash efficiency0

Key numbers

P/E (trailing)41.6x
P/E (forward)20.2x
Price / free cash flow—
EV / EBITDA12.9x
Price / sales2.97x
Price / book1.86x
Revenue growth+4.6%
Operating margin20.4%
Net margin6.7%
Return on equity4.2%
Dividend yield2.8%
Debt / equity2.49x

Results from SEC filings

Fiscal years, from TXNM Energy's 10-K filings. The deep dive has 15+ years, quarters and every line.

Fiscal year20212022202320242025
Revenue$1.6B$2.2B$1.9B$2.0B$2.2B
Net income$196M$170M$88M$242M$151M
Free cash flow-$387M-$345M-$525M-$739M-$611M
EPS (diluted)$2.27$1.97$1.02$2.67$1.48
Operating margin19.6%17.5%11.9%23.0%20.4%

Where the revenue comes from

Revenue by segments, fiscal 2025.

PNM$1.5B69%
TNMP$681M31%

Superinvestors who own TXNM

From each investor's latest 13F filing (what a 13F shows). 2 of the investors we track hold it.

InvestorLast quarterValue% of portfolioQuarter
Mario Gabelli
GAMCO Investors
Trimmed $42M0.38%Q2 2026
Cliff Asness
AQR Capital Management
Trimmed $3M0.00%Q2 2026

Insider buying

Open-market purchases by TXNM Energy's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.

No open-market insider purchases of TXNM in the last 12 months. Most insider activity is selling and option exercises, which aren't shown here.

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

Are TXNM Energy insiders buying the stock?

No open-market insider purchases of TXNM in the last 12 months, according to SEC Form 4 filings.

Which superinvestors own TXNM Energy?

2 of the superinvestors Investingly tracks hold TXNM in their latest 13F, including Mario Gabelli, Cliff Asness.

Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.