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

Public Service Co Of New Mexico (PNMXO) has 3 years of Operating Margin data on file, last reported at 17.58% in Q4 2025.

• Quarterly Operating Margin rose 161.0% year-over-year to 17.58% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 20.37% (down 263.0% YoY) and the FY2025 annual result came in at 20.37%, down 263.0% from the prior year.
• Operating Margin slipped to 17.58% in Q4 2025 per PNMXO's latest filing, from 31.35% in the prior quarter.
• Across five years, Operating Margin topped out at 33.57% in Q3 2024 and bottomed at 11.34% in Q4 2023.
• The 3-year median for Operating Margin is 17.35% (2025), against an average of 17.37%.
• The widest annual swing landed in 2024, when Operating Margin jumped 2730 bps; it then sank 718 bps in 2025.
• Tracing PNMXO's Operating Margin over 3 years: stood at 11.34% in 2023, then surged by 241 bps to 15.96% in 2024, then grew by 10 bps to 17.58% in 2025.
• Per Business Quant, the three latest PNMXO Operating Margin figures stand at 17.58% (Q4 2025), 31.35% (Q3 2025), and 14.47% (Q2 2025).

Peer Comparison