TXNM Energy, Inc. (TXNM) - Net Assets
Based on the latest financial reports, TXNM Energy, Inc. (TXNM) has net assets worth $3.47 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($11.97 Billion) and total liabilities ($8.50 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore TXNM Energy, Inc. balance sheet assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.47 Billion |
| % of Total Assets | 29.01% |
| Annual Growth Rate | 8.15% |
| 5-Year Change | 22.4% |
| 10-Year Change | N/A |
| Growth Volatility | 6.69 |
TXNM Energy, Inc. - Net Assets Trend (2019–2024)
This chart illustrates how TXNM Energy, Inc.'s net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see market value of TXNM Energy, Inc..
Annual Net Assets for TXNM Energy, Inc. (2019–2024)
The table below shows the annual net assets of TXNM Energy, Inc. from 2019 to 2024. Explore TXNM Energy, Inc. (TXNM) cash flow conversion to assess how effectively this company generates cash.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $2.59 Billion | +7.64% |
| 2023-12-31 | $2.41 Billion | +6.83% |
| 2022-12-31 | $2.26 Billion | +0.98% |
| 2021-12-31 | $2.23 Billion | +5.40% |
| 2020-12-31 | $2.12 Billion | +20.92% |
| 2019-12-31 | $1.75 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to TXNM Energy, Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 41.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $887.65 Million | 34.84% |
| Common Stock | $1.72 Billion | 67.68% |
| Other Comprehensive Income | $-75.71 Million | -2.97% |
| Other Components | $11.53 Million | 0.45% |
| Total Equity | $2.55 Billion | 100.00% |
TXNM Energy, Inc. Competitors by Market Cap
The table below lists competitors of TXNM Energy, Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beijing New Building Materials Public Ltd Co
SHE:000786
|
$6.46 Billion |
|
Changjiang Securities Co Ltd
SHE:000783
|
$6.47 Billion |
|
JAPAN AIRL.ADR 1/2 YN 50
F:JALA
|
$6.47 Billion |
|
NEXTDC Ltd
AU:NXT
|
$6.47 Billion |
|
Tencent Music Entertainment Group
NYSE:TME
|
$6.45 Billion |
|
Celanese Corporation
NYSE:CE
|
$6.44 Billion |
|
GXO Logistics Inc
NYSE:GXO
|
$6.44 Billion |
|
MSA Safety
NYSE:MSA
|
$6.43 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TXNM Energy, Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,360,622,000 to 2,547,914,000, a change of 187,292,000 (7.9%).
- Net income of 242,682,000 contributed positively to equity growth.
- Dividend payments of 140,339,000 reduced retained earnings.
- Share repurchases of 8,460,000 reduced equity.
- New share issuances of 98,601,000 increased equity.
- Other comprehensive income decreased equity by 12,868,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $242.68 Million | +9.52% |
| Dividends Paid | $140.34 Million | -5.51% |
| Share Repurchases | $8.46 Million | -0.33% |
| Share Issuances | $98.60 Million | +3.87% |
| Other Comprehensive Income | $-12.87 Million | -0.51% |
| Other Changes | $7.68 Million | +0.3% |
| Total Change | $- | 7.93% |
Book Value vs Market Value Analysis
This analysis compares TXNM Energy, Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.10x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.81x to 2.10x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $21.05 | $59.20 | x |
| 2020-12-31 | $25.67 | $59.20 | x |
| 2021-12-31 | $25.31 | $59.20 | x |
| 2022-12-31 | $25.57 | $59.20 | x |
| 2023-12-31 | $27.33 | $59.20 | x |
| 2024-12-31 | $28.13 | $59.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TXNM Energy, Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.52%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.31%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 4.53x
- Recent ROE (9.52%) is above the historical average (7.17%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 4.61% | 5.34% | 0.19x | 4.55x | $-91.13 Million |
| 2020 | 8.41% | 11.38% | 0.18x | 4.04x | $-32.80 Million |
| 2021 | 9.01% | 11.03% | 0.20x | 4.14x | $-21.55 Million |
| 2022 | 7.72% | 7.56% | 0.23x | 4.37x | $-50.29 Million |
| 2023 | 3.74% | 4.56% | 0.18x | 4.49x | $-147.72 Million |
| 2024 | 9.52% | 12.31% | 0.17x | 4.53x | $-12.11 Million |
Industry Comparison
This section compares TXNM Energy, Inc.'s net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $27,818,120,000
- Average return on equity (ROE) among peers: -1.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TXNM Energy, Inc. (TXNM) | $3.47 Billion | 4.61% | 2.45x | $6.45 Billion |
| Ameren Corp (AEE) | $4.55 Billion | 11.50% | 2.12x | $30.51 Billion |
| American Electric Power Co Inc (AEP) | $16.82 Billion | 9.71% | 2.54x | $71.56 Billion |
| CMS Energy Corporation (CMS) | $9.71 Billion | 11.03% | 3.16x | $23.30 Billion |
| CenterPoint Energy Inc (CNP) | $4.55 Billion | 13.43% | 4.10x | $27.76 Billion |
| Dominion Energy Inc (D) | $27.52 Billion | 7.38% | 2.96x | $56.20 Billion |
| DTE Energy Company (DTE) | $8.71 Billion | 10.41% | 3.56x | $30.10 Billion |
| Duke Energy Corporation (DUK) | $43.83 Billion | 6.08% | 2.32x | $100.08 Billion |
| Consolidated Edison Inc (ED) | $6.28 Billion | 11.63% | 1.29x | $40.71 Billion |
| Empresa Distribuidora y Comercializadora Norte SA ADR (EDN) | $143.55 Billion | -90.20% | 2.23x | $519.48 Million |
| Edison International (EIX) | $12.65 Billion | -2.39% | 3.48x | $26.89 Billion |
About TXNM Energy, Inc.
TXNM Energy, Inc., through its subsidiaries, provides electricity and electric services in the United States. The company engages in the generation, transmission, and distribution of electricity for retail electric customers in New Mexico; and owns and leases communications, office and other equipment, office space, vehicles, energy storage facilities, and real estate. It also provides regulated … Read more