Txnm Energy Inc (TXNM) Gross Margin (2017 - 2024)

Txnm Energy (TXNM) has reported Gross Margin for 8 consecutive years, with 68.3% the latest figure, recorded in Q2 2024.

• For the quarter ending Q2 2024, Gross Margin rose 445.0% year-over-year to 68.3%; the trailing twelve-month figure through Jun 2024 stood at 63.37% (up 798.0% YoY), and the FY2023 full-year result was 58.63%, up 255.0% from the prior year.
• Gross Margin retreated to 68.3% in Q2 2024 per TXNM's latest filing, from 69.72% in the prior quarter.
• Across five years, Gross Margin topped out at 94.52% in Q1 2021 and bottomed at 49.71% in Q4 2022.
• Historically, Gross Margin has averaged 64.65% across 5 years, with a median of 63.95% in 2021.
• The sharpest annual moves came in 2021 and 2022: Gross Margin jumped 2410 bps in 2021, then slumped 3244 bps in 2022.
• Over 5 years, Gross Margin stood at 66.41% in 2020, then retreated by 11 bps to 59.13% in 2021, then slipped by 16 bps to 49.71% in 2022, then advanced by 14 bps to 56.85% in 2023, then gained by 20 bps to 68.3% in 2024.
• According to Business Quant data, Gross Margin over the past three periods registered 68.3%, 69.72%, and 56.85% for Q2 2024, Q1 2024, and Q4 2023 respectively.