Txnm Energy Inc (TXNM) Gross Margin (2017 - 2024)
Txnm Energy's Gross Margin came in at 68.30% for Q2 2024, up 4.45 percentage points from 63.86% a year earlier but down 1.41 percentage points from the prior quarter.
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Analysis
Txnm Energy Inc (TXNM) Gross Margin (2017 - 2024) Analysis & Trends
Over the trailing twelve months to Jun 30, 2024, Txnm Energy reported Gross Margin of 63.37%, up 7.98 percentage points year-over-year; for FY2023, it was 58.63%, up 2.55 percentage points from FY2022.
- Gross Margin carries a five-year change of -3.14 percentage points (FY2018 to FY2023).
- Going back by year, Gross Margin was 56.08% in FY2022 (-7.69 pp), 63.77% in FY2021 (-6.86 pp), 70.63% in FY2020 (-1.04 pp) and 71.68% in FY2019 (+9.91 pp).
- The five-year range for quarterly Gross Margin is 49.71% (Q4 2022) to 102.96% (Q4 2019).
- Year-over-year, Gross Margin has increased for five consecutive quarters, with an average year-over-year change of +0.90 percentage points over the last eight quarters.
- The fastest year-over-year change in Gross Margin over five years came in Q4 2019 (a gain of 45.67 percentage points), and the weakest in Q4 2021 (a drop of 34.59 percentage points).
- Business Quant data shows TXNM's Gross Margin at 69.72% (Q1 2024), 56.85% (Q4 2023) and 58.42% (Q3 2023) in the three quarters before Q2 2024.
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Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2024 | 68.30% |
| Mar 31, 2024 | 69.72% |
| Dec 31, 2023 | 56.85% |
| Sep 30, 2023 | 58.42% |
| Jun 30, 2023 | 63.86% |
| Mar 31, 2023 | 55.58% |
| Dec 31, 2022 | 49.71% |
| Sep 30, 2022 | 54.19% |
| Jun 30, 2022 | 60.86% |
| Mar 31, 2022 | 62.08% |
| Dec 31, 2021 | 59.13% |
| Sep 30, 2021 | 64.05% |
| Jun 30, 2021 | 64.21% |
| Mar 31, 2021 | 94.52% |
| Dec 31, 2020 | 93.72% |
| Sep 30, 2020 | 65.05% |
| Jun 30, 2020 | 64.43% |
| Mar 31, 2020 | 60.34% |
| Dec 31, 2019 | 102.96% |
| Sep 30, 2019 | 67.80% |
API Access
Txnm Energy Inc Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=TXNM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "TXNM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=TXNM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();