Public Service Co Of New Mexico (PNMXO) Net Margin (2023 - 2025)

Public Service Co Of New Mexico (PNMXO) has 3 years of Net Margin data on file, last reported at 1.85% in Q4 2025.

• Quarterly Net Margin fell 514.0% year-over-year to 1.85% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 6.99% (down 530.0% YoY) and the FY2025 annual result came in at 6.99%, down 530.0% from the prior year.
• Net Margin retreated to 1.85% in Q4 2025 per PNMXO's latest filing, from 20.2% in the prior quarter.
• Across five years, Net Margin topped out at 23.05% in Q3 2024 and bottomed at 12.19% in Q4 2023.
• The 3-year median for Net Margin is 5.88% (2023), against an average of 6.68%.
• The widest annual swing landed in 2024, when Net Margin soared 1559 bps; it then plunged 895 bps in 2025.
• Tracing PNMXO's Net Margin over 3 years: stood at 12.19% in 2023, then jumped by 127 bps to 3.29% in 2024, then plunged by 156 bps to 1.85% in 2025.
• Per Business Quant, the three latest PNMXO Net Margin figures stand at 1.85% (Q4 2025), 20.2% (Q3 2025), and 4.29% (Q2 2025).

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