TXNM Energy, Inc. (TXNM) — Capital Reinvestment Ratio
TXNM Energy, Inc. (TXNM) has a Capital Reinvestment Ratio of 3.79x as of June 2026, meaning it reinvests 4% of its operating cash flow ($69.83 Million) in capital expenditures ($264.84 Million). Check TXNM Energy, Inc. tangible book value ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
TXNM Energy, Inc. Capital Reinvestment Ratio (2019–2025)
This chart tracks TXNM Energy, Inc.'s Capital Reinvestment Ratio across 7 annual periods. For the full cash flow conversion analysis, see TXNM cash flow conversion.
Annual Capital Reinvestment Ratio for TXNM Energy, Inc. (2019–2025)
Year-by-year Capital Reinvestment Ratio for TXNM Energy, Inc. from 2019 to 2025. See TXNM Energy, Inc. free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 2.05x | $584.49 Million | $1.20 Billion | ▼ -16.6% |
| 2024 | 2.45x | $508.16 Million | $1.25 Billion | ▲ +25.7% |
| 2023 | 1.95x | $551.17 Million | $1.08 Billion | ▲ +21.3% |
| 2022 | 1.61x | $567.28 Million | $912.56 Million | ▼ -5.7% |
| 2021 | 1.71x | $547.87 Million | $935.02 Million | ▲ +22.1% |
| 2020 | 1.40x | $485.70 Million | $679.03 Million | ▲ +14.1% |
| 2019 | 1.22x | $503.16 Million | $616.27 Million | — |