Txnm Energy Inc (TXNM) Operating Margin (2010 - 2026)
Txnm Energy (TXNM) recorded Operating Margin of 22.48% in Q2 2026, up 8.01 percentage points from 14.47% a year earlier and up 7.23 percentage points from the prior quarter.
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Analysis
Txnm Energy Inc (TXNM) Operating Margin (2010 - 2026) Analysis & Trends
On a TTM basis, Txnm Energy's Operating Margin came in at 22.24% as of Jun 30, 2026, up 1.97 percentage points year-over-year; for FY2025, it was 20.37%, down 2.63 percentage points from FY2024.
- Annual Operating Margin has a five-year change of +1.64 percentage points (FY2020 to FY2025).
- Across earlier years, Operating Margin came in at 23.01% in FY2024 (+11.08 pp), 11.93% in FY2023 (-5.57 pp), 17.50% in FY2022 (+0.19 pp) and 17.31% in FY2021 (-1.42 pp).
- Quarterly Operating Margin has ranged from -11.34% in Q4 2023 to 33.57% in Q3 2024 over the past five years.
- On a year-over-year basis, Operating Margin has increased for three consecutive quarters, with an average year-over-year change of +5.10 percentage points over the last eight quarters.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 27.30 percentage points in Q4 2024, against a drop of 21.16 percentage points in Q4 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 15.25% (Q1 2026), 17.58% (Q4 2025) and 31.35% (Q3 2025).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 22.48% |
| Mar 31, 2026 | 15.25% |
| 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% |
| Jun 30, 2023 | 19.35% |
| Mar 31, 2023 | 18.21% |
| Dec 31, 2022 | 9.82% |
| Sep 30, 2022 | 25.04% |
| Jun 30, 2022 | 17.29% |
| Mar 31, 2022 | 15.33% |
| Dec 31, 2021 | 9.00% |
| Sep 30, 2021 | 27.36% |
API Access
Txnm Energy Inc Operating 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=operating-margin&ticker=TXNM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=TXNM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();