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Txnm Energy vs Clearway Energy: TXNM and CWEN compared
Txnm Energy is the larger company: $733M of revenue in its latest quarter (Q3 2026) against $522M for Clearway Energy (Q3 2026). Clearway Energy is growing faster (+22% against +13% a year earlier). Txnm Energy is more profitable, with an operating margin of 37.0% against 25.9%.
Where the money goes: TXNM and CWEN
Txnm Energy (TXNM) · Q3 2026
Txnm Energy, Q3 2026: revenue $733M (+13% year over year), operating margin 37.0%, net earnings $163M, operating cash flow $230M. The chart follows the revenue to costs, profit and cash.
Clearway Energy (CWEN) · Q3 2026
Clearway Energy, Q3 2026: revenue $522M (+22% year over year), operating margin 25.9%, net earnings $51.0M, operating cash flow $324M. The chart follows the revenue to costs, profit and cash.
| Txnm Energy (TXNM) | Clearway Energy (CWEN) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $733M | $522M |
| Revenue growth, Y/Y | +13% | +22% |
| Operating margin | 37.0% | 25.9% |
| Net earnings | $163M | $51.0M |
| Net margin | 22.3% | 9.8% |
| Operating cash flow | $230M | $324M |
| Free cash flow | — | $76.0M |
| Market value | $6.3B | $7.0B |
| P/E | 25.8× | — |
| Analysts’ mean target | $60.70 | $40.36 |
Questions
Which is bigger, Txnm Energy or Clearway Energy?
Txnm Energy is the larger company: $733M of revenue in its latest quarter (Q3 2026) against $522M for Clearway Energy (Q3 2026).
Is Txnm Energy or Clearway Energy growing faster?
Clearway Energy is growing faster (+22% against +13% a year earlier).
Which is more profitable, Txnm Energy or Clearway Energy?
Txnm Energy is more profitable, with an operating margin of 37.0% against 25.9%.
More: Txnm Energy earnings · how Txnm Energy makes money · Clearway Energy earnings · how Clearway Energy makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 30, 2026; 10-Q filed Nov 9, 2026). Fiscal quarters can end on different dates. Not investment advice.