TXNM Energy vs Unitil
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KIRA’s take AI analyst
I put TXNM Energy and Unitil side by side, using each one’s latest annual report. Here is what stands out:
- 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%).
- Unitil turned more of its sales into free cash flow (−10.0% FCF margin, against −28.2%).
- 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 44.2x against 17.4x for Unitil.
Who comes out ahead
Of the 9 measures where higher (or lower) is clearly better, how many each company leads.
TXNM Energy
TXNM
4/9
Revenue growth5-year growthOperating marginPiotroski F-score
Unitil
UTL
5/9
Net marginFCF marginReturn on capitalReturn on equityShare count change
Side by side
Best in the row
| 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 | 44.2x | 17.4x |
| Piotroski F-score | 6 | 4 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
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.