Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.28B | $1.32B | $1.36B | $1.38B | $1.51B | $1.74B | $2.25B | $1.91B | $1.96B | $2.14B |
| Revenue growth | — | 3.4% | 2.9% | 1.3% | 9.8% | 15.4% | 29.0% | -14.9% | 2.3% | 9.0% |
| Gross profit | — | — | — | — | $607M | $649M | $740M | $656M | — | — |
| Gross margin | — | — | — | — | 40.1% | 37.2% | 32.9% | 34.2% | — | — |
| Operating income | $285M | $315M | $236M | $144M | $285M | $308M | $394M | $231M | $453M | $441M |
| Operating margin | 22.3% | 23.8% | 17.4% | 10.5% | 18.9% | 17.7% | 17.5% | 12.1% | 23.1% | 20.6% |
| Net income | $132M | $95.4M | $101M | $92.1M | $187M | $212M | $185M | $107M | $259M | $170M |
| Net margin | 10.3% | 7.2% | 7.4% | 6.7% | 12.4% | 12.1% | 8.2% | 5.6% | 13.2% | 7.9% |
| EPS (diluted) | $1.46 | $1.00 | $1.07 | $0.97 | $2.15 | $2.27 | $1.97 | $1.02 | $2.67 | $1.48 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $408M | $523M | $428M | $503M | $486M | $548M | $567M | $551M | $508M | $584M |
| Capital expenditures | $600M | $500M | $501M | $616M | $679M | $935M | $913M | $1.08B | $1.25B | $1.20B |
| Free cash flow | -$192M | $23.0M | -$73.0M | -$113M | -$193M | -$387M | -$345M | -$525M | -$739M | -$611M |
| Share buybacks | $15.5M | $13.9M | $12.6M | $9.92M | $12.0M | $10.1M | $7.98M | $9.65M | $8.46M | $12.0M |
| Dividends paid | — | $77.8M | $85.0M | $92.9M | $98.5M | $113M | $120M | $127M | $140M | $163M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $5.52M | $3.97M | $2.12M | $3.83M | $47.9M | $1.10M | $4.08M | $2.21M | $4.50M | $18.3M |
| Total assets | $6.47B | $6.65B | $6.87B | $7.30B | $7.94B | $8.67B | $9.26B | $10.3B | $11.2B | $12.1B |
| Total liabilities | $4.71B | $4.87B | $5.10B | $5.55B | $5.82B | $6.43B | $7.00B | $7.84B | $8.62B | $8.60B |
| Long-term debt | $2.12B | $2.18B | $2.67B | $2.52B | $2.72B | $3.52B | $3.89B | $4.24B | $4.31B | $5.12B |
| Shareholders' equity | $1.68B | $1.70B | $1.69B | $1.68B | $2.05B | $2.17B | $2.19B | $2.35B | $2.54B | $3.40B |
| Retained earnings | $605M | $634M | $644M | $628M | $699M | $810M | $829M | $787M | $888M | $867M |
| Shares (wtd avg diluted) | 80.1M | 80.1M | 80.0M | 80.0M | 80.3M | 86.1M | 86.2M | 86.4M | 90.6M | 102M |
Every figure is extracted from TXNM ENERGY INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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