TXNMTXNM ENERGY INC
Electric Services
- Revenue
- $2.1B
- 9.0% YoY
- Operating margin
- 20.6%
- 11% YoY
- EBITDA
- $925M
- 5.5% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 2.1×
- $2.0B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear344% of net incomeCash flow under 80% of net income
- Dilutive SBCClear0% of revenueOver 10% of revenue
- Payouts exceed cash flowClear30% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear2% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.7B | $2.3B | $1.9B | $2.0B | $2.1B | 9.0% |
| Operating income | $308M | $394M | $231M | $453M | $441M | 2.7% |
| Net income | $212M | $185M | $107M | $259M | $170M | 34% |
| Operating cash flow | $548M | $567M | $551M | $508M | $584M | 15% |
| Capex | $935M | $913M | $1.1B | $1.2B | $1.2B | 4.1% |
| Stock-based comp | $9M | $8M | $7M | $9M | $9M | 8.0% |
| Buybacks | $10M | $8M | $10M | $8M | $12M | 42% |
| Dividends | $113M | $120M | $127M | $140M | $163M | 16% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $4M | $4M | 142 | 144 |
| FY2024 | $6M | $5M | 115 | 128 |
| FY2023 | $8M | $5M | 92 | 107 |
| FY2022 | $7M | $8M | 105 | 117 |
| FY2021 | $6M | $4M | 95 | 116 |