TXNM Energy, Inc. (TXNM)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,293,470 | 1,045,330 | 1,114,270 | 991,089 | 937,794 |
| Revenue | US$ in thousands | 1,971,200 | 1,939,200 | 2,249,560 | 1,779,870 | 1,523,010 |
| Gross profit margin | 65.62% | 53.91% | 49.53% | 55.68% | 61.58% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,293,470K ÷ $1,971,200K
= 65.62%
TXNM Energy, Inc.'s gross profit margin has displayed fluctuations over the years. The margin decreased from 61.58% as of December 31, 2020, to 55.68% by December 31, 2021. There was a further decline to 49.53% by December 31, 2022, before rebounding to 53.91% on December 31, 2023. The most recent data point shows a significant improvement, with a gross profit margin of 65.62% as of December 31, 2024. Overall, while the company experienced some variability in its gross profit margin, the latest figure indicates a positive trend towards increased profitability compared to previous years.
Peer comparison
Dec 31, 2024