TXNM Energy, Inc. (TXNM) Return on equity 2016–2025
TXNM Energy, Inc. (TXNM) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
5.0%FY2025 · since FY2016: 7.0% → 5.0%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 5.0% | -5.2 pp |
| FY2024 | 10.2% | +5.7 pp |
| FY2023 | 4.5% | -3.9 pp |
| FY2022 | 8.4% | -1.3 pp |
| FY2021 | 9.8% | +0.6 pp |
| FY2020 | 9.1% | +3.7 pp |
| FY2019 | 5.5% | -0.5 pp |
| FY2018 | 6.0% | +1.3 pp |
| FY2017 | 4.7% | -2.3 pp |
| FY2016 | 7.0% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice