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Side-by-side financial comparison of Acadia Healthcare Company, Inc. (ACHC) and TXNM ENERGY INC (TXNM). Click either name above to swap in a different company.

Acadia Healthcare Company, Inc. is the larger business by last-quarter revenue ($829.0M vs $506.4M, roughly 1.6× TXNM ENERGY INC). Acadia Healthcare Company, Inc. runs the higher net margin — 0.5% vs -1.0%, a 1.6% gap on every dollar of revenue. On growth, Acadia Healthcare Company, Inc. posted the faster year-over-year revenue change (7.5% vs 5.3%). Over the past eight quarters, TXNM ENERGY INC's revenue compounded faster (8.4% CAGR vs 2.0%).

Acadia Healthcare Company, Inc. is an American provider of for-profit behavioral healthcare services. It operates a network of over 225 facilities across the United States and Puerto Rico.

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)

ACHC vs TXNM — Head-to-Head

Bigger by revenue
ACHC
ACHC
1.6× larger
ACHC
$829.0M
$506.4M
TXNM
Growing faster (revenue YoY)
ACHC
ACHC
+2.2% gap
ACHC
7.5%
5.3%
TXNM
Higher net margin
ACHC
ACHC
1.6% more per $
ACHC
0.5%
-1.0%
TXNM
Faster 2-yr revenue CAGR
TXNM
TXNM
Annualised
TXNM
8.4%
2.0%
ACHC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ACHC
ACHC
TXNM
TXNM
Revenue
$829.0M
$506.4M
Net Profit
$4.5M
$-5.3M
Gross Margin
Operating Margin
18.5%
Net Margin
0.5%
-1.0%
Revenue YoY
7.5%
5.3%
Net Profit YoY
-50.8%
-126.4%
EPS (diluted)
$0.05
$-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
ACHC
ACHC
TXNM
TXNM
Q1 26
$829.0M
Q4 25
$821.5M
$506.4M
Q3 25
$851.6M
$656.3M
Q2 25
$869.2M
$493.8M
Q1 25
$770.5M
$480.4M
Q4 24
$774.2M
$481.0M
Q3 24
$815.6M
$574.3M
Q2 24
$796.0M
$473.2M
Net Profit
ACHC
ACHC
TXNM
TXNM
Q1 26
$4.5M
Q4 25
$-1.2B
$-5.3M
Q3 25
$36.2M
$136.3M
Q2 25
$30.1M
$26.0M
Q1 25
$8.4M
$12.8M
Q4 24
$32.6M
$20.0M
Q3 24
$68.1M
$136.4M
Q2 24
$78.5M
$52.0M
Gross Margin
ACHC
ACHC
TXNM
TXNM
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
51.8%
Q2 24
41.9%
Operating Margin
ACHC
ACHC
TXNM
TXNM
Q1 26
Q4 25
-142.4%
18.5%
Q3 25
4.7%
30.9%
Q2 25
5.8%
14.7%
Q1 25
1.7%
15.0%
Q4 24
4.9%
15.8%
Q3 24
12.1%
33.3%
Q2 24
13.4%
22.3%
Net Margin
ACHC
ACHC
TXNM
TXNM
Q1 26
0.5%
Q4 25
-143.3%
-1.0%
Q3 25
4.3%
20.8%
Q2 25
3.5%
5.3%
Q1 25
1.1%
2.7%
Q4 24
4.2%
4.2%
Q3 24
8.4%
23.7%
Q2 24
9.9%
11.0%
EPS (diluted)
ACHC
ACHC
TXNM
TXNM
Q1 26
$0.05
Q4 25
$-12.98
$-0.06
Q3 25
$0.40
$1.22
Q2 25
$0.33
$0.22
Q1 25
$0.09
$0.10
Q4 24
$0.36
$0.17
Q3 24
$0.74
$1.45
Q2 24
$0.85
$0.53

Balance Sheet & Financial Strength

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

Metric
ACHC
ACHC
TXNM
TXNM
Cash + ST InvestmentsLiquidity on hand
$158.5M
$18.3M
Total DebtLower is stronger
$2.5B
Stockholders' EquityBook value
$2.0B
$3.4B
Total Assets
$5.5B
$12.1B
Debt / EquityLower = less leverage
1.29×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACHC
ACHC
TXNM
TXNM
Q1 26
$158.5M
Q4 25
$133.2M
$18.3M
Q3 25
$118.7M
$32.1M
Q2 25
$131.4M
$22.2M
Q1 25
$91.2M
$6.1M
Q4 24
$76.3M
$4.5M
Q3 24
$82.1M
$7.2M
Q2 24
$77.2M
$3.2M
Total Debt
ACHC
ACHC
TXNM
TXNM
Q1 26
$2.5B
Q4 25
$2.5B
Q3 25
$2.3B
Q2 25
$2.3B
Q1 25
$2.2B
Q4 24
$2.0B
Q3 24
$1.9B
Q2 24
$1.8B
Stockholders' Equity
ACHC
ACHC
TXNM
TXNM
Q1 26
$2.0B
Q4 25
$1.9B
$3.4B
Q3 25
$3.1B
$3.4B
Q2 25
$3.1B
$3.2B
Q1 25
$3.0B
$2.5B
Q4 24
$3.1B
$2.5B
Q3 24
$3.0B
$2.5B
Q2 24
$3.0B
$2.4B
Total Assets
ACHC
ACHC
TXNM
TXNM
Q1 26
$5.5B
Q4 25
$5.5B
$12.1B
Q3 25
$6.4B
$12.0B
Q2 25
$6.3B
$11.7B
Q1 25
$6.1B
$11.4B
Q4 24
$6.0B
$11.2B
Q3 24
$5.9B
$10.8B
Q2 24
$5.7B
$10.6B
Debt / Equity
ACHC
ACHC
TXNM
TXNM
Q1 26
1.29×
Q4 25
1.28×
Q3 25
0.74×
Q2 25
0.74×
Q1 25
0.72×
Q4 24
0.64×
Q3 24
0.62×
Q2 24
0.62×

Cash Flow & Capital Efficiency

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

Metric
ACHC
ACHC
TXNM
TXNM
Operating Cash FlowLast quarter
$61.5M
$157.7M
Free Cash FlowOCF − Capex
$-152.1M
FCF MarginFCF / Revenue
-30.0%
Capex IntensityCapex / Revenue
61.2%
Cash ConversionOCF / Net Profit
13.78×
TTM Free Cash FlowTrailing 4 quarters
$-611.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACHC
ACHC
TXNM
TXNM
Q1 26
$61.5M
Q4 25
$-86.3M
$157.7M
Q3 25
$73.2M
$282.0M
Q2 25
$133.5M
$3.5M
Q1 25
$11.5M
$141.3M
Q4 24
$116.7M
$158.6M
Q3 24
$163.1M
$180.0M
Q2 24
$171.1M
$76.7M
Free Cash Flow
ACHC
ACHC
TXNM
TXNM
Q1 26
Q4 25
$-179.5M
$-152.1M
Q3 25
$-63.0M
$4.7M
Q2 25
$-34.2M
$-262.6M
Q1 25
$-163.2M
$-201.4M
Q4 24
$-86.8M
$-182.9M
Q3 24
$-27.1M
$-143.7M
Q2 24
$16.9M
$-216.0M
FCF Margin
ACHC
ACHC
TXNM
TXNM
Q1 26
Q4 25
-21.8%
-30.0%
Q3 25
-7.4%
0.7%
Q2 25
-3.9%
-53.2%
Q1 25
-21.2%
-41.9%
Q4 24
-11.2%
-38.0%
Q3 24
-3.3%
-25.0%
Q2 24
2.1%
-45.6%
Capex Intensity
ACHC
ACHC
TXNM
TXNM
Q1 26
Q4 25
11.3%
61.2%
Q3 25
16.0%
42.3%
Q2 25
19.3%
53.9%
Q1 25
22.7%
71.3%
Q4 24
26.3%
71.0%
Q3 24
23.3%
56.4%
Q2 24
19.4%
61.9%
Cash Conversion
ACHC
ACHC
TXNM
TXNM
Q1 26
13.78×
Q4 25
Q3 25
2.02×
2.07×
Q2 25
4.43×
0.14×
Q1 25
1.37×
11.04×
Q4 24
3.58×
7.93×
Q3 24
2.39×
1.32×
Q2 24
2.18×
1.48×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ACHC
ACHC

Acute Inpatient Psychiatric Facilities$471.0M57%
Other$140.0M17%
Specialty Treatment Facilities$128.0M15%
Residential Treatment Facilities$90.0M11%

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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