TXNM Energy, Inc. (TXNM) - Net Assets
Based on the latest financial reports, TXNM Energy, Inc. (TXNM) has net assets worth $3.53 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($12.14 Billion) and total liabilities ($8.61 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 current and non-current assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.53 Billion |
| % of Total Assets | 29.04% |
| Annual Growth Rate | 11.62% |
| 5-Year Change | 51.78% |
| 10-Year Change | N/A |
| Growth Volatility | 10.33 |
TXNM Energy, Inc. - Net Assets Trend (2019–2025)
This chart illustrates how TXNM Energy, Inc.'s net assets have evolved over time, based on quarterly financial data. Check tangible net worth ratio of TXNM Energy, Inc. to evaluate the tangible quality of the company's equity base.
Annual Net Assets for TXNM Energy, Inc. (2019–2025)
The table below shows the annual net assets of TXNM Energy, Inc. from 2019 to 2025. For live valuation and market cap data, see TXNM Energy, Inc. stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $3.39 Billion | +30.70% |
| 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 38.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $866.90 Million | 25.47% |
| Common Stock | $2.56 Billion | 75.32% |
| Other Comprehensive Income | $-26.82 Million | -0.79% |
| Total Equity | $3.40 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 |
|---|---|
|
Hoa Phat Group JSC
VN:HPG
|
$6.33 Billion |
|
Avolta AG
SW:AVOL
|
$6.33 Billion |
|
JB Hi-Fi Ltd
AU:JBH
|
$6.34 Billion |
|
Raia Drogasil S.A
SA:RADL3
|
$6.34 Billion |
|
Boyd Gaming Corporation
NYSE:BYD
|
$6.32 Billion |
|
Zhejiang Longsheng Group Co Ltd
SHG:600352
|
$6.32 Billion |
|
Guobo Electronics Co. Ltd. A
SHG:688375
|
$6.32 Billion |
|
Yanzhou Coal Mining Company Limited
F:YZCA
|
$6.32 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 2024 to 2025, total equity changed from 2,547,914,000 to 3,404,018,000, a change of 856,104,000 (33.6%).
- Net income of 151,362,000 contributed positively to equity growth.
- Dividend payments of 163,373,000 reduced retained earnings.
- Share repurchases of 11,972,000 reduced equity.
- New share issuances of 842,739,000 increased equity.
- Other comprehensive income increased equity by 48,892,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $151.36 Million | +4.45% |
| Dividends Paid | $163.37 Million | -4.8% |
| Share Repurchases | $11.97 Million | -0.35% |
| Share Issuances | $842.74 Million | +24.76% |
| Other Comprehensive Income | $48.89 Million | +1.44% |
| Other Changes | $-11.54 Million | -0.34% |
| Total Change | $- | 33.60% |
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: 1.59x
- 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 2.75x to 1.59x 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 | $57.92 | x |
| 2020-12-31 | $25.67 | $57.92 | x |
| 2021-12-31 | $25.31 | $57.92 | x |
| 2022-12-31 | $25.57 | $57.92 | x |
| 2023-12-31 | $27.33 | $57.92 | x |
| 2024-12-31 | $28.13 | $57.92 | x |
| 2025-12-31 | $36.53 | $57.92 | 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): 4.45%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.99%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 1.28x
- Recent ROE (4.45%) is below the historical average (6.78%), suggesting potential challenges in 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 |
| 2025 | 4.45% | 6.99% | 0.50x | 1.28x | $-189.04 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: $17,336,054,900
- Average return on equity (ROE) among peers: 7.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TXNM Energy, Inc. (TXNM) | $3.53 Billion | 4.61% | 2.44x | $6.33 Billion |
| Ameren Corp (AEE) | $3.26 Billion | 10.27% | 1.71x | $30.33 Billion |
| American Electric Power Co Inc (AEP) | $15.24 Billion | 8.26% | 2.57x | $69.56 Billion |
| CMS Energy Corporation (CMS) | $3.24 Billion | 11.80% | 4.29x | $22.24 Billion |
| CenterPoint Energy Inc (CNP) | $8.36 Billion | 9.46% | 3.25x | $27.50 Billion |
| Dominion Energy Inc (D) | $19.37 Billion | 15.48% | 2.95x | $58.27 Billion |
| DTE Energy Company (DTE) | $9.99 Billion | 11.35% | 2.38x | $29.51 Billion |
| Duke Energy Corporation (DUK) | $40.90 Billion | 6.88% | 1.95x | $97.37 Billion |
| Consolidated Edison Inc (ED) | $9.91 Billion | 12.07% | 2.38x | $39.18 Billion |
| Empresa Distribuidora y Comercializadora Norte SA ADR (EDN) | $59.15 Billion | 42.13% | 1.02x | $519.48 Million |
| Edison International (EIX) | $3.95 Billion | -49.21% | 7.89x | $27.16 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; and owns and leases communications, office and other equipment, office space, vehicles, energy storage facilities, and real estate. It also provides regulated transmission a… Read more