PNM Resources Inc
Research PNM Resources Inc (TXNM) on Bullrun: valuation model: 10.4% overvalued, market cap USD 6.36B, P/E 31.8, dividend yield 2.9%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerTXNM
- ExchangeNYSE
- CountryUnited States
- SectorUtilities
- IndustryUtilities-Regulated Electric
- CurrencyUSD
- Valuation signal10.4% overvalued
- Market capUSD 6.36B
- P/E31.8
- Dividend yield2.9%
- Financial periodQ2 2026
- RevenueUSD 548.55M
- Net incomeUSD 71.40M
- Free cash flow-USD 195.01M
- Gross margin65.5%
Valuation Snapshot
Bullrun's latest valuation model marks PNM Resources Inc as 10.4% overvalued; latest market cap is USD 6.36B; P/E is 31.8; dividend yield is 2.9%.
Peer valuation comparison
Latest P/E is 31.84x versus a Utilities sector median of 17.14x (85.8% above).
Latest dividend yield is 2.92% versus a Utilities sector median of 3.61% (19.1% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 2.14B | USD 169.83M | -USD 611.43M | 63.2% | 1.48 | USD 18.26M | USD 5.42B | USD 3.40B |
| FY2024 | USD 1.96B | USD 258.72M | -USD 738.88M | 66.0% | 2.67 | USD 4.50M | USD 4.92B | USD 2.54B |
| FY2023 | USD 1.91B | USD 106.88M | -USD 524.64M | 34.2% | 1.02 | USD 2.22M | USD 4.52B | USD 2.35B |
| FY2022 | USD 2.25B | USD 185.18M | -USD 345.27M | 32.9% | 1.97 | USD 4.08M | USD 4.08B | USD 2.19B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 6.36B | 31.8 | 2.9% | 1.68 |
| 2025 | 2025-12-31 | USD 6.41B | 40.6 | 2.8% | 1.64 |
| 2024 | 2024-12-31 | USD 4.56B | 18.4 | 3.2% | 1.56 |
| 2023 | 2023-12-29 | USD 3.57B | 23.2 | 3.6% | 1.48 |
| 2022 | 2022-12-30 | USD 4.19B | 25.4 | 2.9% | 1.4 |
| 2021 | 2021-12-31 | USD 3.91B | 20.1 | 2.9% | 1.32 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.68 USD, yield 2.9%.
| Year | Dividends/share |
|---|---|
| FY2025 | 1.65 USD |
| FY2024 | 1.57 USD |
| FY2023 | 1.49 USD |
| FY2022 | 1.41 USD |
About PNM Resources Inc
TXNM Energy, Inc., through its subsidiaries, provides electricity and electric services in the United States. The company engages in the generation, transmission, and distribution of electricity for retail electric customers; and owns and leases communications, office and other equipment, office space, vehicles, energy storage facilities, and real estate.
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Frequently asked questions
Is PNM Resources Inc overvalued or undervalued?
Bullrun's valuation model currently marks PNM Resources Inc as 10.4% overvalued.
What is PNM Resources Inc's market cap?
PNM Resources Inc's market capitalization is USD 6.36B.
What is PNM Resources Inc's P/E ratio?
PNM Resources Inc's price-to-earnings (P/E) ratio is 31.8.
Does PNM Resources Inc pay a dividend?
PNM Resources Inc has a dividend yield of 2.9%.
What does PNM Resources Inc do?
TXNM Energy, Inc., through its subsidiaries, provides electricity and electric services in the United States. The company engages in the generation, transmission, and distribution of electricity for retail electric customers; and owns and leases communications, office and other equipment, office space, vehicles, energy storage facilities, and real estate. It also provides regulated transmission and distribution services in Texas, as well as owns and leases vehicles, service facilities, and office locations throughout its service territory.