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Side-by-side financial comparison of ACADIA PHARMACEUTICALS INC (ACAD) and TXNM ENERGY INC (TXNM). Click either name above to swap in a different company.

TXNM ENERGY INC is the larger business by last-quarter revenue ($506.4M vs $268.1M, roughly 1.9× ACADIA PHARMACEUTICALS INC). ACADIA PHARMACEUTICALS INC runs the higher net margin — 1.4% vs -1.0%, a 2.4% gap on every dollar of revenue. On growth, ACADIA PHARMACEUTICALS INC posted the faster year-over-year revenue change (9.7% vs 5.3%). Over the past eight quarters, TXNM ENERGY INC's revenue compounded faster (8.4% CAGR vs 5.3%).

Acadia Pharmaceuticals Inc. is a biopharmaceutical company headquartered in Del Mar, San Diego, California.

TXNM Energy, Inc. is an energy holding company based in Albuquerque, New Mexico. TXNM was founded in 1917 as the Albuquerque Gas and Electric Company. TXNM Energy owns both PNM and Texas - New Mexico Power (TNMP)

ACAD vs TXNM — Head-to-Head

Bigger by revenue
TXNM
TXNM
1.9× larger
TXNM
$506.4M
$268.1M
ACAD
Growing faster (revenue YoY)
ACAD
ACAD
+4.4% gap
ACAD
9.7%
5.3%
TXNM
Higher net margin
ACAD
ACAD
2.4% more per $
ACAD
1.4%
-1.0%
TXNM
Faster 2-yr revenue CAGR
TXNM
TXNM
Annualised
TXNM
8.4%
5.3%
ACAD

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ACAD
ACAD
TXNM
TXNM
Revenue
$268.1M
$506.4M
Net Profit
$3.6M
$-5.3M
Gross Margin
Operating Margin
-1.7%
18.5%
Net Margin
1.4%
-1.0%
Revenue YoY
9.7%
5.3%
Net Profit YoY
-126.4%
EPS (diluted)
$0.02
$-0.06

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ACAD
ACAD
TXNM
TXNM
Q1 26
$268.1M
Q4 25
$284.0M
$506.4M
Q3 25
$278.6M
$656.3M
Q2 25
$264.6M
$493.8M
Q1 25
$244.3M
$480.4M
Q4 24
$259.6M
$481.0M
Q3 24
$250.4M
$574.3M
Q2 24
$242.0M
$473.2M
Net Profit
ACAD
ACAD
TXNM
TXNM
Q1 26
$3.6M
Q4 25
$273.6M
$-5.3M
Q3 25
$71.8M
$136.3M
Q2 25
$26.7M
$26.0M
Q1 25
$19.0M
$12.8M
Q4 24
$143.7M
$20.0M
Q3 24
$32.8M
$136.4M
Q2 24
$33.4M
$52.0M
Gross Margin
ACAD
ACAD
TXNM
TXNM
Q1 26
Q4 25
90.8%
Q3 25
92.2%
Q2 25
92.2%
Q1 25
91.7%
Q4 24
91.6%
Q3 24
92.5%
51.8%
Q2 24
92.5%
41.9%
Operating Margin
ACAD
ACAD
TXNM
TXNM
Q1 26
-1.7%
Q4 25
6.1%
18.5%
Q3 25
12.8%
30.9%
Q2 25
12.2%
14.7%
Q1 25
7.9%
15.0%
Q4 24
59.1%
15.8%
Q3 24
12.6%
33.3%
Q2 24
12.6%
22.3%
Net Margin
ACAD
ACAD
TXNM
TXNM
Q1 26
1.4%
Q4 25
96.3%
-1.0%
Q3 25
25.8%
20.8%
Q2 25
10.1%
5.3%
Q1 25
7.8%
2.7%
Q4 24
55.4%
4.2%
Q3 24
13.1%
23.7%
Q2 24
13.8%
11.0%
EPS (diluted)
ACAD
ACAD
TXNM
TXNM
Q1 26
$0.02
Q4 25
$1.61
$-0.06
Q3 25
$0.42
$1.22
Q2 25
$0.16
$0.22
Q1 25
$0.11
$0.10
Q4 24
$0.86
$0.17
Q3 24
$0.20
$1.45
Q2 24
$0.20
$0.53

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ACAD
ACAD
TXNM
TXNM
Cash + ST InvestmentsLiquidity on hand
$18.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.4B
Total Assets
$1.6B
$12.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACAD
ACAD
TXNM
TXNM
Q1 26
Q4 25
$177.7M
$18.3M
Q3 25
$258.0M
$32.1M
Q2 25
$253.6M
$22.2M
Q1 25
$217.7M
$6.1M
Q4 24
$319.6M
$4.5M
Q3 24
$155.1M
$7.2M
Q2 24
$177.1M
$3.2M
Stockholders' Equity
ACAD
ACAD
TXNM
TXNM
Q1 26
Q4 25
$1.2B
$3.4B
Q3 25
$917.3M
$3.4B
Q2 25
$822.4M
$3.2B
Q1 25
$765.2M
$2.5B
Q4 24
$732.8M
$2.5B
Q3 24
$577.2M
$2.5B
Q2 24
$516.7M
$2.4B
Total Assets
ACAD
ACAD
TXNM
TXNM
Q1 26
$1.6B
Q4 25
$1.6B
$12.1B
Q3 25
$1.3B
$12.0B
Q2 25
$1.2B
$11.7B
Q1 25
$1.1B
$11.4B
Q4 24
$1.2B
$11.2B
Q3 24
$976.9M
$10.8B
Q2 24
$914.1M
$10.6B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ACAD
ACAD
TXNM
TXNM
Operating Cash FlowLast quarter
$157.7M
Free Cash FlowOCF − Capex
$-152.1M
FCF MarginFCF / Revenue
-30.0%
Capex IntensityCapex / Revenue
61.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-611.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACAD
ACAD
TXNM
TXNM
Q1 26
Q4 25
$-48.7M
$157.7M
Q3 25
$74.3M
$282.0M
Q2 25
$64.0M
$3.5M
Q1 25
$20.3M
$141.3M
Q4 24
$40.4M
$158.6M
Q3 24
$63.2M
$180.0M
Q2 24
$25.0M
$76.7M
Free Cash Flow
ACAD
ACAD
TXNM
TXNM
Q1 26
Q4 25
$-152.1M
Q3 25
$73.9M
$4.7M
Q2 25
$-262.6M
Q1 25
$-201.4M
Q4 24
$-182.9M
Q3 24
$63.2M
$-143.7M
Q2 24
$-216.0M
FCF Margin
ACAD
ACAD
TXNM
TXNM
Q1 26
Q4 25
-30.0%
Q3 25
26.5%
0.7%
Q2 25
-53.2%
Q1 25
-41.9%
Q4 24
-38.0%
Q3 24
25.2%
-25.0%
Q2 24
-45.6%
Capex Intensity
ACAD
ACAD
TXNM
TXNM
Q1 26
Q4 25
61.2%
Q3 25
0.1%
42.3%
Q2 25
53.9%
Q1 25
71.3%
Q4 24
71.0%
Q3 24
0.0%
56.4%
Q2 24
61.9%
Cash Conversion
ACAD
ACAD
TXNM
TXNM
Q1 26
Q4 25
-0.18×
Q3 25
1.03×
2.07×
Q2 25
2.40×
0.14×
Q1 25
1.07×
11.04×
Q4 24
0.28×
7.93×
Q3 24
1.93×
1.32×
Q2 24
0.75×
1.48×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ACAD
ACAD

Segment breakdown not available.

TXNM
TXNM

Electricity$348.8M69%
Other$89.3M18%
Electric Transmission Service$40.4M8%
Wholesale Energy Sales$26.2M5%
Miscellaneous Revenue From Contracts With Customers$1.7M0%

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