Company / Gross Margin
TXNM Energy Gross Margin History
FY2020-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
33.8%
FY2023
5-year range
32.9% / 36.5%
FY2020-FY2023
Trend
+2.7%
vs FY2022
Sector context
#1 of 2
Utilities
What the data says
Gross Margin returned to growth in FY2023 after 2 years of decline, reaching 33.8%.
Based on SEC 10-K filings.
33.8% in FY2023 with a 3-year CAGR of -6.0%.
Declined from 36.5% to 33.8% over the past 2 years.
Utilities sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- -6.0pp
- 5-Year Change
- -
- 10-Year Change
- -
Sector benchmark
Key checks
Key Insights
- In FY2023, gross margin increased 2.7% year-over-year.
- Currently 20.6pp above the Utilities sector average.
Company context
Key Data Points
- Altman Z-Score 0.49 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | 33.8% | +2.7% |
| FY2022 | 32.9% | -9.7% |
| FY2021 | 36.5% | -8.5% |
| FY2020 | 39.8% | - |
| FY2019 | - | - |
| FY2018 | - | - |
| FY2017 | - | - |
| FY2016 | - | - |
As of FY2023 · SEC 10-K · Updated Jun 30, 2026