TXNM Energy
TXNM · Electric Utilities
$58.27
0.8%Unitil
UTL · Electric Utilities
$55.15
0.2%The short version
- TXNM Energy is the larger business, with $2.2B of revenue in fiscal 2025 against $536M for Unitil, about 4.0 times as much.
- TXNM Energy grew revenue faster (9.9%, against 8.3%).
- TXNM Energy kept more of each dollar of sales as operating profit (20.4% operating margin, against 18.9% operating margin).
- Unitil turned more of its sales into free cash flow (−10.0% FCF margin, against −28.2% FCF margin).
- Unitil earned a higher return on the capital invested in it (5.6%, against 4.8%).
- Investors pay more for each dollar of TXNM Energy’s earnings: a P/E of 44.1x against 17.4x for Unitil.
| Latest fiscal year | TXNM · FY25 | UTL · FY25 |
|---|---|---|
| Size | ||
| Market cap | $6.6B | $987M |
| Revenue | $2.2B | $536M |
| Free cash flow | −$611M | −$53.8M |
| Net income | $170M | $50.2M |
| Growth | ||
| Revenue growth | 9.9% | 8.3% |
| 5-year growth | 7.3% | 5.1% |
| Share count change | 13.0% | 4.2% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 20.4% | 18.9% |
| Net margin | 7.8% | 9.4% |
| FCF margin | −28.2% | −10.0% |
| Return on capital | 4.8% | 5.6% |
| Return on equity | 5.7% | 9.0% |
| Balance sheet | ||
| Net debt | $5.6B | $911M |
| Net debt / EBITDA | 6.1x | — |
| Dividends and buybacks | $175M | $30.1M |
| Valuation & quality | ||
| P/E | 44.1x | 17.4x |
| Piotroski F-score | 6 | 4 |
FY16
TXNM $1.4B
UTL $383M
FY17
TXNM $1.4B
UTL $406M
FY18
TXNM $1.4B
UTL $444M
FY19
TXNM $1.5B
UTL $438M
FY20
TXNM $1.5B
UTL $419M
FY21
TXNM $1.8B
UTL $473M
FY22
TXNM $2.2B
UTL $563M
FY23
TXNM $1.9B
UTL $557M
FY24
TXNM $2.0B
UTL $495M
FY25
TXNM $2.2B
UTL $536M
TXNM
UTL
FY16
TXNM 20.9%
UTL 18.3%
FY17
TXNM 21.8%
UTL 18.6%
FY18
TXNM 16.4%
UTL 16.0%
FY19
TXNM 9.9%
UTL 16.7%
FY20
TXNM 18.7%
UTL 17.1%
FY21
TXNM 17.3%
UTL 16.4%
FY22
TXNM 17.5%
UTL 14.3%
FY23
TXNM 11.9%
UTL 15.6%
FY24
TXNM 23.0%
UTL 18.3%
FY25
TXNM 20.4%
UTL 18.9%
TXNM
UTL
FY16
TXNM −$192M
UTL −$29.8M
FY17
TXNM $23.0M
UTL −$33.1M
FY18
TXNM −$73.0M
UTL −$23.9M
FY19
TXNM −$113M
UTL −$14.3M
FY20
TXNM −$193M
UTL −$46.9M
FY21
TXNM −$387M
UTL −$7.2M
FY22
TXNM −$345M
UTL −$24.4M
FY23
TXNM −$525M
UTL −$34.0M
FY24
TXNM −$739M
UTL −$44.0M
FY25
TXNM −$611M
UTL −$53.8M
TXNM
UTL
FY16
TXNM 4.6%
UTL 6.7%
FY17
TXNM 3.5%
UTL 6.4%
FY18
TXNM 4.8%
UTL 7.1%
FY19
TXNM 3.0%
UTL 6.5%
FY20
TXNM 5.0%
UTL 5.8%
FY21
TXNM 4.7%
UTL 6.0%
FY22
TXNM 5.5%
UTL 6.1%
FY23
TXNM 3.4%
UTL 6.1%
FY24
TXNM 5.5%
UTL 5.8%
FY25
TXNM 4.8%
UTL 5.6%
TXNM
UTL
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.