Public Service Co Of New Mexico (PNMXO) Operating Margin (2023 - 2025)
Public Service Co Of New Mexico (PNMXO) posted quarterly Operating Margin of 17.58% for Q4 2025, up 161.0% year-over-year from 6.73% in Q4 2024, and down 43.93% quarter-over-quarter from 31.35% in Q3 2025.
Public Service Co Of New Mexico (PNMXO) Operating Margin (2023 - 2025) Analysis & Trends
Public Service Co Of New Mexico (PNMXO) has reported Operating Margin for 3 consecutive years, with 17.58% the latest figure, recorded in Q4 2025.
- In Q4 2025, Operating Margin rose 161.0% year-over-year to 17.58%; the TTM figure through Dec 2025 stood at 20.37% (down 263.0% YoY), while the FY2025 annual figure was 20.37%, down 263.0% from the prior year.
- Operating Margin declined 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.
- Historically, Operating Margin has averaged 17.37% across 3 years, with a median of 17.35% in 2025.
- Annual changes were most pronounced in 2024 — Operating Margin soared 2730 bps — and 2025, when it tumbled 718 bps.
- Public Service Co Of New Mexico's Operating Margin stood at 11.34% in 2023, then surged by 241 bps to 15.96% in 2024, then gained by 10 bps to 17.58% in 2025.
- Business Quant data shows PNMXO's Operating Margin at 17.58% in Q4 2025, 31.35% in Q3 2025, and 14.47% in Q2 2025.
Powered by 
Peer Comparison
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 17.58% |
| Sep 30, 2025 | 31.35% |
| Jun 30, 2025 | 14.47% |
| Mar 31, 2025 | 14.89% |
| Dec 31, 2024 | 15.96% |
| Sep 30, 2024 | 33.57% |
| Jun 30, 2024 | 21.65% |
| Mar 31, 2024 | 18.45% |
| Dec 31, 2023 | -11.34% |
| Sep 30, 2023 | 17.13% |