TXNM Energy, Inc. (TXNM)

Return on equity (ROE)

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
Net income (ttm) US$ in thousands 242,682 176,742 83,266 80,521 88,345 154,317 239,024 209,081 170,058 165,533 156,421 194,769 196,357 193,783 202,098 205,746 172,775 195,802 176,805 43,402
Total stockholders’ equity US$ in thousands 2,547,910 2,471,510 2,414,280 2,367,260 2,360,620 2,246,740 2,273,770 2,223,720 2,203,460 2,201,880 2,131,520 2,115,530 2,167,520 2,144,950 2,088,230 2,030,970 2,049,460 1,773,320 1,696,500 1,627,220
ROE 9.52% 7.15% 3.45% 3.40% 3.74% 6.87% 10.51% 9.40% 7.72% 7.52% 7.34% 9.21% 9.06% 9.03% 9.68% 10.13% 8.43% 11.04% 10.42% 2.67%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $242,682K ÷ $2,547,910K
= 9.52%

TXNM Energy, Inc.'s return on equity (ROE) has shown fluctuations over the analyzed period. It started at a low of 2.67% in March 2020, increasing to a peak of 11.04% in September 2020. However, by December 2020, the ROE decreased to 8.43%. Over the subsequent quarters, the ROE varied, oscillating between a range of 7.34% to 10.51% with no clear, consistent trend. In December 2024, the ROE stood at 9.52%, showing improvement compared to the earlier decrease in 2023. The variability in ROE suggests that TXNM Energy, Inc. may have experienced changes in profitability, financial leverage, or efficient utilization of shareholders' equity during the analyzed period.