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Side-by-side financial comparison of HAEMONETICS CORP (HAE) 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 $339.0M, roughly 1.5× HAEMONETICS CORP). HAEMONETICS CORP runs the higher net margin — 13.2% vs -1.0%, a 14.2% gap on every dollar of revenue. On growth, TXNM ENERGY INC posted the faster year-over-year revenue change (5.3% vs -2.7%). HAEMONETICS CORP produced more free cash flow last quarter ($87.2M vs $-152.1M). Over the past eight quarters, TXNM ENERGY INC's revenue compounded faster (8.4% CAGR vs 0.4%).

Haemonetics Corporation is a global provider of blood and plasma supplies and services. The company was founded in Natick, Massachusetts by Dr. Allen (Jack) Latham in the 1970s.

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)

HAE vs TXNM — Head-to-Head

Bigger by revenue
TXNM
TXNM
1.5× larger
TXNM
$506.4M
$339.0M
HAE
Growing faster (revenue YoY)
TXNM
TXNM
+8.0% gap
TXNM
5.3%
-2.7%
HAE
Higher net margin
HAE
HAE
14.2% more per $
HAE
13.2%
-1.0%
TXNM
More free cash flow
HAE
HAE
$239.3M more FCF
HAE
$87.2M
$-152.1M
TXNM
Faster 2-yr revenue CAGR
TXNM
TXNM
Annualised
TXNM
8.4%
0.4%
HAE

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
HAE
HAE
TXNM
TXNM
Revenue
$339.0M
$506.4M
Net Profit
$44.7M
$-5.3M
Gross Margin
59.7%
Operating Margin
19.9%
18.5%
Net Margin
13.2%
-1.0%
Revenue YoY
-2.7%
5.3%
Net Profit YoY
19.3%
-126.4%
EPS (diluted)
$0.95
$-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
HAE
HAE
TXNM
TXNM
Q4 25
$339.0M
$506.4M
Q3 25
$327.3M
$656.3M
Q2 25
$321.4M
$493.8M
Q1 25
$330.6M
$480.4M
Q4 24
$348.5M
$481.0M
Q3 24
$345.5M
$574.3M
Q2 24
$336.2M
$473.2M
Q1 24
$431.1M
Net Profit
HAE
HAE
TXNM
TXNM
Q4 25
$44.7M
$-5.3M
Q3 25
$38.7M
$136.3M
Q2 25
$34.0M
$26.0M
Q1 25
$58.0M
$12.8M
Q4 24
$37.5M
$20.0M
Q3 24
$33.8M
$136.4M
Q2 24
$38.4M
$52.0M
Q1 24
$50.4M
Gross Margin
HAE
HAE
TXNM
TXNM
Q4 25
59.7%
Q3 25
59.5%
Q2 25
59.8%
Q1 25
58.4%
Q4 24
55.5%
Q3 24
54.2%
51.8%
Q2 24
52.0%
41.9%
Q1 24
40.8%
Operating Margin
HAE
HAE
TXNM
TXNM
Q4 25
19.9%
18.5%
Q3 25
17.9%
30.9%
Q2 25
16.8%
14.7%
Q1 25
21.6%
15.0%
Q4 24
16.9%
15.8%
Q3 24
15.0%
33.3%
Q2 24
11.8%
22.3%
Q1 24
18.7%
Net Margin
HAE
HAE
TXNM
TXNM
Q4 25
13.2%
-1.0%
Q3 25
11.8%
20.8%
Q2 25
10.6%
5.3%
Q1 25
17.5%
2.7%
Q4 24
10.8%
4.2%
Q3 24
9.8%
23.7%
Q2 24
11.4%
11.0%
Q1 24
11.7%
EPS (diluted)
HAE
HAE
TXNM
TXNM
Q4 25
$0.95
$-0.06
Q3 25
$0.81
$1.22
Q2 25
$0.70
$0.22
Q1 25
$1.17
$0.10
Q4 24
$0.74
$0.17
Q3 24
$0.66
$1.45
Q2 24
$0.74
$0.53
Q1 24
$0.52

Balance Sheet & Financial Strength

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

Metric
HAE
HAE
TXNM
TXNM
Cash + ST InvestmentsLiquidity on hand
$363.4M
$18.3M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$911.5M
$3.4B
Total Assets
$2.5B
$12.1B
Debt / EquityLower = less leverage
1.34×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HAE
HAE
TXNM
TXNM
Q4 25
$363.4M
$18.3M
Q3 25
$296.4M
$32.1M
Q2 25
$292.9M
$22.2M
Q1 25
$306.8M
$6.1M
Q4 24
$320.8M
$4.5M
Q3 24
$299.3M
$7.2M
Q2 24
$344.4M
$3.2M
Q1 24
$3.0M
Total Debt
HAE
HAE
TXNM
TXNM
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
HAE
HAE
TXNM
TXNM
Q4 25
$911.5M
$3.4B
Q3 25
$849.2M
$3.4B
Q2 25
$882.3M
$3.2B
Q1 25
$820.8M
$2.5B
Q4 24
$906.9M
$2.5B
Q3 24
$878.9M
$2.5B
Q2 24
$905.4M
$2.4B
Q1 24
$2.4B
Total Assets
HAE
HAE
TXNM
TXNM
Q4 25
$2.5B
$12.1B
Q3 25
$2.4B
$12.0B
Q2 25
$2.5B
$11.7B
Q1 25
$2.5B
$11.4B
Q4 24
$2.5B
$11.2B
Q3 24
$2.5B
$10.8B
Q2 24
$2.5B
$10.6B
Q1 24
$10.3B
Debt / Equity
HAE
HAE
TXNM
TXNM
Q4 25
1.34×
Q3 25
1.44×
Q2 25
1.39×
Q1 25
1.49×
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
HAE
HAE
TXNM
TXNM
Operating Cash FlowLast quarter
$93.6M
$157.7M
Free Cash FlowOCF − Capex
$87.2M
$-152.1M
FCF MarginFCF / Revenue
25.7%
-30.0%
Capex IntensityCapex / Revenue
1.9%
61.2%
Cash ConversionOCF / Net Profit
2.09×
TTM Free Cash FlowTrailing 4 quarters
$308.1M
$-611.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HAE
HAE
TXNM
TXNM
Q4 25
$93.6M
$157.7M
Q3 25
$111.3M
$282.0M
Q2 25
$17.4M
$3.5M
Q1 25
$116.6M
$141.3M
Q4 24
$43.8M
$158.6M
Q3 24
$48.8M
$180.0M
Q2 24
$-27.4M
$76.7M
Q1 24
$92.8M
Free Cash Flow
HAE
HAE
TXNM
TXNM
Q4 25
$87.2M
$-152.1M
Q3 25
$106.3M
$4.7M
Q2 25
$13.6M
$-262.6M
Q1 25
$100.9M
$-201.4M
Q4 24
$35.2M
$-182.9M
Q3 24
$39.4M
$-143.7M
Q2 24
$-33.1M
$-216.0M
Q1 24
$-196.3M
FCF Margin
HAE
HAE
TXNM
TXNM
Q4 25
25.7%
-30.0%
Q3 25
32.5%
0.7%
Q2 25
4.2%
-53.2%
Q1 25
30.5%
-41.9%
Q4 24
10.1%
-38.0%
Q3 24
11.4%
-25.0%
Q2 24
-9.8%
-45.6%
Q1 24
-45.5%
Capex Intensity
HAE
HAE
TXNM
TXNM
Q4 25
1.9%
61.2%
Q3 25
1.5%
42.3%
Q2 25
1.2%
53.9%
Q1 25
4.7%
71.3%
Q4 24
2.5%
71.0%
Q3 24
2.7%
56.4%
Q2 24
1.7%
61.9%
Q1 24
67.1%
Cash Conversion
HAE
HAE
TXNM
TXNM
Q4 25
2.09×
Q3 25
2.88×
2.07×
Q2 25
0.51×
0.14×
Q1 25
2.01×
11.04×
Q4 24
1.17×
7.93×
Q3 24
1.44×
1.32×
Q2 24
-0.71×
1.48×
Q1 24
1.84×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HAE
HAE

Hospital$143.5M42%
Plasma Productsand Services$138.9M41%
Blood Center Productsand Services$56.6M17%

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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