TXNM Energy, Inc. (TXNM)

Net profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	242,682	88,346	170,058	196,357	173,303
Revenue	US$ in thousands	1,971,200	1,939,200	2,249,560	1,779,870	1,523,010
Net profit margin		12.31%	4.56%	7.56%	11.03%	11.38%

December 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $242,682K ÷ $1,971,200K
= 12.31%

Based on the data provided for TXNM Energy, Inc., the net profit margin has shown some variability over the past five years.

- In December 31, 2020, the net profit margin was 11.38%, indicating that the company was able to convert 11.38% of its total revenue into net profit.

- By December 31, 2021, the net profit margin slightly decreased to 11.03%, reflecting a small decline in profitability compared to the previous year.

- However, there was a more significant drop in profitability by December 31, 2022, with the net profit margin decreasing to 7.56%. This decline suggests that the company may have faced challenges in maintaining its profitability levels.

- The trend continued in December 31, 2023, with the net profit margin falling further to 4.56%. This substantial decline could indicate issues such as rising costs or declining sales impacting the company's profitability.

- It should be noted that by December 31, 2024, there was a notable improvement in profitability, with the net profit margin increasing to 12.31%. This improvement might be a result of cost-saving measures, revenue growth, or other strategic initiatives that positively impacted the company's bottom line.

Overall, the net profit margin for TXNM Energy, Inc. has fluctuated over the years, reflecting changing levels of profitability. It is important for the company to closely monitor its financial performance and implement strategies to sustain or improve its net profit margin in the future.