Txnm Energy annual operating margin
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Txnm Energy Operating Margin Growth & History (TXNM)
Txnm Energy's operating margin was 20.65% for fiscal 2025.
View full Txnm Energy company overviewTxnm Energy annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 20.65% | −2.50 pp |
| 2024 | 2024-12-31 | 23.14% | +11.06 pp |
| 2023 | 2023-12-31 | 12.08% | −5.42 pp |
| 2022 | 2022-12-31 | 17.50% | −0.16 pp |
| 2021 | 2021-12-31 | 17.66% | −1.20 pp |
| 2020 | 2020-12-31 | 18.87% | +8.39 pp |
| 2019 | 2019-12-31 | 10.47% | −6.89 pp |
| 2018 | 2018-12-31 | 17.36% | −6.49 pp |
| 2017 | 2017-12-31 | 23.85% | +1.56 pp |
| 2016 | 2016-12-31 | 22.29% | +13.65 pp |
| 2015 | 2015-12-31 | 8.64% | −12.23 pp |
| 2014 | 2014-12-31 | 20.87% | +0.21 pp |
| 2013 | 2013-12-31 | 20.67% | +0.28 pp |
| 2012 | 2012-12-31 | 20.39% | +5.26 pp |
| 2011 | 2011-12-31 | 15.13% | +0.82 pp |
| 2010 | 2010-12-31 | 14.31% | +2.66 pp |
| 2009 | 2009-12-31 | 11.65% | +23.38 pp |
| 2008 | 2008-12-31 | −11.73% | — |
Txnm Energy quarterly operating margin
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Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 22.48% | +7.76 pp |
| Q1 2026 | 2026-03-31 | 15.79% | +0.82 pp |
| Q4 2025 | 2025-12-31 | 18.51% | +2.68 pp |
| Q3 2025 | 2025-09-30 | 30.91% | −2.36 pp |
| Q2 2025 | 2025-06-30 | 14.72% | −7.61 pp |
| Q1 2025 | 2025-03-31 | 14.96% | −3.73 pp |
| Q4 2024 | 2024-12-31 | 15.83% | +27.18 pp |
| Q3 2024 | 2024-09-30 | 33.27% | +16.28 pp |
| Q2 2024 | 2024-06-30 | 22.33% | +2.35 pp |
| Q1 2024 | 2024-03-31 | 18.69% | +0.03 pp |
| Q4 2023 | 2023-12-31 | −11.35% | −21.10 pp |
| Q3 2023 | 2023-09-30 | 16.99% | −7.67 pp |
| Q2 2023 | 2023-06-30 | 19.98% | +2.28 pp |
| Q1 2023 | 2023-03-31 | 18.66% | +3.24 pp |
| Q4 2022 | 2022-12-31 | 9.75% | +2.62 pp |
| Q3 2022 | 2022-09-30 | 24.67% | −6.82 pp |
| Q2 2022 | 2022-06-30 | 17.70% | −2.42 pp |
| Q1 2022 | 2022-03-31 | 15.42% | +2.96 pp |
| Q4 2021 | 2021-12-31 | 7.14% | +1.96 pp |
| Q3 2021 | 2021-09-30 | 31.49% | −0.99 pp |
| Q2 2021 | 2021-06-30 | 20.12% | −0.62 pp |
| Q1 2021 | 2021-03-31 | 12.45% | −2.33 pp |
| Q4 2020 | 2020-12-31 | 5.17% | −12.42 pp |
| Q3 2020 | 2020-09-30 | 32.48% | −1.09 pp |
| Q2 2020 | 2020-06-30 | 20.74% | +50.47 pp |
| Q1 2020 | 2020-03-31 | 14.78% | +3.15 pp |
| Q4 2019 | 2019-12-31 | 17.59% | +22.66 pp |
| Q3 2019 | 2019-09-30 | 33.57% | +1.57 pp |
| Q2 2019 | 2019-06-30 | −29.73% | −53.15 pp |
| Q1 2019 | 2019-03-31 | 11.63% | −3.58 pp |
| Q4 2018 | 2018-12-31 | −5.06% | −11.96 pp |
| Q3 2018 | 2018-09-30 | 32.00% | −4.30 pp |
| Q2 2018 | 2018-06-30 | 23.42% | −2.63 pp |
| Q1 2018 | 2018-03-31 | 15.21% | −3.62 pp |
| Q4 2017 | 2017-12-31 | 6.90% | −12.02 pp |
| Q3 2017 | 2017-09-30 | 36.29% | +9.30 pp |
| Q2 2017 | 2017-06-30 | 26.06% | +5.51 pp |
| Q1 2017 | 2017-03-31 | 18.83% | +5.48 pp |
| Q4 2016 | 2016-12-31 | 18.91% | +54.38 pp |
| Q3 2016 | 2016-09-30 | 26.99% | −2.12 pp |
| Q2 2016 | 2016-06-30 | 20.55% | +0.03 pp |
| Q1 2016 | 2016-03-31 | 13.35% | −1.54 pp |
| Q4 2015 | 2015-12-31 | −35.47% | −53.59 pp |
| Q3 2015 | 2015-09-30 | 29.11% | +0.89 pp |
| Q2 2015 | 2015-06-30 | 20.52% | −0.08 pp |
| Q1 2015 | 2015-03-31 | 14.89% | +0.07 pp |
| Q4 2014 | 2014-12-31 | 18.12% | +5.57 pp |
| Q3 2014 | 2014-09-30 | 28.22% | −1.24 pp |
| Q2 2014 | 2014-06-30 | 20.60% | −1.81 pp |
| Q1 2014 | 2014-03-31 | 14.82% | −1.14 pp |
| Q4 2013 | 2013-12-31 | 12.55% | +1.17 pp |
| Q3 2013 | 2013-09-30 | 29.45% | −0.81 pp |
| Q2 2013 | 2013-06-30 | 22.40% | +2.30 pp |
| Q1 2013 | 2013-03-31 | 15.96% | −1.63 pp |
| Q4 2012 | 2012-12-31 | 11.38% | −7.00 pp |
| Q3 2012 | 2012-09-30 | 30.26% | +10.56 pp |
| Q2 2012 | 2012-06-30 | 20.10% | +12.20 pp |
| Q1 2012 | 2012-03-31 | 17.59% | +4.12 pp |
| Q4 2011 | 2011-12-31 | 18.38% | +5.27 pp |
| Q3 2011 | 2011-09-30 | 19.71% | −1.22 pp |
| Q2 2011 | 2011-06-30 | 7.91% | −10.25 pp |
| Q1 2011 | 2011-03-31 | 13.47% | +10.74 pp |
| Q4 2010 | 2010-12-31 | 13.11% | — |
| Q3 2010 | 2010-09-30 | 20.93% | −0.33 pp |
| Q2 2010 | 2010-06-30 | 18.15% | +11.95 pp |
| Q1 2010 | 2010-03-31 | 2.73% | — |
| Q3 2009 | 2009-09-30 | 21.25% | — |
| Q2 2009 | 2009-06-30 | 6.20% | — |
Txnm Energy operating margin trends
Over the last five fiscal years, Txnm Energy's operating margin increased from 18.87% to 20.65%, a change of +1.78 percentage points. The latest reported quarter, Q2 2026, shows 22.48%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Txnm Energy source filings ↗