TXNM Energy, Inc. (TXNM)

Operating 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
Operating income (ttm)	US$ in thousands	453,486	330,620	226,192	212,839	231,340	334,610	430,721	424,783	393,760	376,278	345,244	333,055	308,153	287,686	283,762	280,709	285,281	327,245	319,980	155,215
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
Operating profit margin		23.01%	17.34%	12.27%	11.62%	11.93%	15.91%	18.51%	18.08%	17.50%	17.85%	17.87%	17.91%	17.31%	16.87%	17.48%	18.06%	18.73%	21.70%	21.78%	10.77%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $453,486K ÷ $1,971,199K
= 23.01%

TXNM Energy, Inc.'s operating profit margin has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. The operating profit margin started at 10.77% on March 31, 2020, and increased steadily to reach a peak of 23.01% on December 31, 2024.

There were fluctuations in the operating profit margin during the period, with some quarters showing decreases followed by recoveries. Notably, there was a significant decline in the operating profit margin from March 31, 2023, to December 31, 2023, where it dropped from 18.08% to 11.93%. However, the company was able to recover and improve its operating profit margin to 23.01% by the end of December 31, 2024.

Overall, the company's operating profit margin trended positively over the period, indicating efficient cost management and improved profitability. It is important for TXNM Energy, Inc. to continue monitoring and optimizing its operations to sustain and enhance its operating profit margin performance in the future.