TXNM Energy, Inc. (TXNM)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 453,486 | 231,340 | 393,760 | 308,153 | 285,281 |
| Revenue | US$ in thousands | 1,971,200 | 1,939,200 | 2,249,560 | 1,779,870 | 1,523,010 |
| Operating profit margin | 23.01% | 11.93% | 17.50% | 17.31% | 18.73% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $453,486K ÷ $1,971,200K
= 23.01%
TXNM Energy, Inc.'s operating profit margin has exhibited fluctuations over the years based on the data provided. In 2020, the operating profit margin stood at 18.73%, indicating that the company generated $0.1873 in operating profit for every dollar of sales. However, in the subsequent years, the operating profit margin slightly decreased to 17.31% in 2021 before showing a slight improvement to 17.50% in 2022.
In 2023, there was a notable decline in the operating profit margin to 11.93%, reflecting a decrease in profitability compared to the previous years. However, the company managed to improve its operating efficiency in 2024 as the operating profit margin increased significantly to 23.01%, signaling a strong performance and a higher level of profitability.
Overall, the fluctuations in TXNM Energy, Inc.'s operating profit margin suggest varying levels of operational efficiency and profitability over the years. It is important for the company to analyze the factors contributing to these fluctuations to maintain and improve its profitability in the future.
Peer comparison
Dec 31, 2024