TXNM Energy, Inc. (TXNM)

Pretax 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
Earnings before tax but after interest (EBT) (ttm) US$ in thousands 280,240 183,724 61,553 58,270 90,528 194,604 292,970 251,905 200,413 188,564 182,670 228,223 228,939 226,226 230,204 229,828 193,411 217,666 195,526 15,017
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
Pretax margin 14.22% 9.64% 3.34% 3.18% 4.67% 9.25% 12.59% 10.72% 8.91% 8.95% 9.45% 12.27% 12.86% 13.27% 14.18% 14.79% 12.70% 14.44% 13.31% 1.04%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $280,240K ÷ $1,971,199K
= 14.22%

TXNM Energy, Inc.'s pretax margin has shown fluctuation over the observed periods. It started at a low of 1.04% on March 31, 2020, then increased significantly to 14.44% by September 30, 2020. The trend continued positively, reaching a peak of 14.79% on March 31, 2021. However, from June 2021 to December 2023, there was a gradual decline in pretax margin, hitting its lowest point of 3.18% on March 31, 2024. Nonetheless, there was a notable recovery as of December 31, 2024, with the pretax margin standing at 14.22%. The fluctuation in pretax margin indicates varying levels of profitability before accounting for taxes, impacted by factors such as operational efficiency, cost management, and revenue generation.