TXNM Energy, Inc. (TXNM)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	1,293,467	1,211,300	1,077,362	1,047,655	1,045,327	974,428	968,499	859,580	733,787	721,932	689,808	821,700	901,661	574,045	688,509	622,864	606,727	1,150,202	1,115,990	1,100,729
Revenue (ttm)	US$ in thousands	1,971,199	1,906,349	1,842,944	1,831,998	1,939,198	2,102,903	2,326,940	2,349,514	2,249,555	2,107,811	1,932,474	1,859,284	1,779,873	1,705,074	1,622,988	1,554,097	1,523,012	1,507,880	1,469,001	1,441,580
Gross profit margin		65.62%	63.54%	58.46%	57.19%	53.91%	46.34%	41.62%	36.59%	32.62%	34.25%	35.70%	44.19%	50.66%	33.67%	42.42%	40.08%	39.84%	76.28%	75.97%	76.36%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,293,467K ÷ $1,971,199K
= 65.62%

TXNM Energy, Inc.'s gross profit margin has shown fluctuations over the period under review. The company's gross profit margin ranged from a high of 76.36% in March 2020 to a low of 32.62% in December 2022. Notably, there was a significant decrease in gross profit margin from 76.28% in September 2020 to 39.84% in December 2020, followed by a gradual improvement over the subsequent periods.

Although there were fluctuations in the gross profit margin over time, there was an increasing trend from December 2022 to December 2024, reaching a peak of 65.62%. This indicates that the company was able to improve its efficiency in generating profits from its core operations during this period. However, it is essential to monitor the trend in gross profit margin closely to assess the company's performance and financial health accurately.