TXNM Profit Margins - TXNM ENERGY INC

Complete source-backed margin history.

Historical Profit Margins

Date	Gross margin	Operating margin	Net margin
2026-03-31	—	15.79%	1.64%
2025-12-31	—	18.51%	-1.04%
2025-09-30	—	30.91%	20.77%
2025-06-30	—	14.72%	5.27%
2025-03-31	—	14.96%	2.66%
2024-12-31	—	15.83%	4.16%
2024-09-30	51.76%	33.27%	23.75%
2024-06-30	41.95%	22.33%	10.98%
2024-03-31	40.81%	18.69%	11.68%
2023-12-31	26.79%	-11.35%	-11.11%
2023-09-30	34.75%	16.99%	8.42%
2023-06-30	39.30%	19.98%	10.70%
2023-03-31	35.16%	18.66%	11.35%
2022-12-31	25.33%	9.75%	3.47%
2022-09-30	36.33%	24.67%	17.10%
2022-06-30	34.86%	17.70%	3.92%
2022-03-31	34.93%	15.42%	4.35%
2021-12-31	23.44%	7.14%	2.78%
2021-09-30	49.20%	31.49%	24.42%
2021-06-30	—	20.12%	15.66%
2021-03-31	—	12.45%	6.12%
2020-12-31	—	4.75%	2.99%
2020-09-30	—	32.48%	27.56%
2020-06-30	—	20.74%	17.94%
2020-03-31	—	14.78%	-3.53%
2019-12-31	—	18.47%	10.98%
2019-09-30	—	33.57%	25.50%
2019-06-30	—	-29.73%	-22.95%
2019-03-31	—	11.63%	6.86%
2018-12-31	—	-5.48%	-16.22%
2018-09-30	—	32.00%	22.89%
2018-06-30	—	23.42%	12.53%
2018-03-31	—	15.21%	4.94%
2017-12-31	—	8.23%	-17.82%
2017-09-30	—	36.84%	18.78%
2017-06-30	—	26.71%	11.50%
2017-03-31	—	19.55%	7.69%

Date	Gross margin	Operating margin	Net margin
2025-12-31	—	20.65%	7.95%
2024-12-31	—	23.14%	13.20%
2023-12-31	34.25%	12.08%	5.58%
2022-12-31	32.91%	17.50%	8.23%
2021-12-31	37.20%	17.66%	12.14%
2020-12-31	40.12%	18.87%	12.39%
2019-12-31	—	10.47%	6.69%
2018-12-31	—	17.36%	7.45%
2017-12-31	—	23.85%	6.05%
2016-12-31	—	22.29%	9.15%