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Side-by-side financial comparison of LANDS' END, INC. (LE) 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 $317.5M, roughly 1.6× LANDS' END, INC.). LANDS' END, INC. runs the higher net margin — 1.6% vs -1.0%, a 2.7% gap on every dollar of revenue. On growth, TXNM ENERGY INC posted the faster year-over-year revenue change (5.3% vs 0.1%). LANDS' END, INC. produced more free cash flow last quarter ($-22.4M vs $-152.1M). Over the past eight quarters, TXNM ENERGY INC's revenue compounded faster (8.4% CAGR vs -0.9%).

Lands' End, Inc. is an American retailer of clothing, baggage, and furniture which began as a mail-order yachting supply company in 1963 in Chicago. The company is named after Land's End; after promotional materials were printed, the founder noticed the typographical error in the location of the apostrophe, but could not afford to reprint the material. The company operates 26 domestic stores as of February 2024. Lands' End is headquartered in Dodgeville, Wisconsin.

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)

LE vs TXNM — Head-to-Head

Bigger by revenue
TXNM
TXNM
1.6× larger
TXNM
$506.4M
$317.5M
LE
Growing faster (revenue YoY)
TXNM
TXNM
+5.2% gap
TXNM
5.3%
0.1%
LE
Higher net margin
LE
LE
2.7% more per $
LE
1.6%
-1.0%
TXNM
More free cash flow
LE
LE
$129.7M more FCF
LE
$-22.4M
$-152.1M
TXNM
Faster 2-yr revenue CAGR
TXNM
TXNM
Annualised
TXNM
8.4%
-0.9%
LE

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
LE
LE
TXNM
TXNM
Revenue
$317.5M
$506.4M
Net Profit
$5.2M
$-5.3M
Gross Margin
51.8%
Operating Margin
5.3%
18.5%
Net Margin
1.6%
-1.0%
Revenue YoY
0.1%
5.3%
Net Profit YoY
198.3%
-126.4%
EPS (diluted)
$0.17
$-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
LE
LE
TXNM
TXNM
Q4 25
$317.5M
$506.4M
Q3 25
$656.3M
Q2 25
$261.2M
$493.8M
Q1 25
$480.4M
Q4 24
$318.6M
$481.0M
Q3 24
$317.2M
$574.3M
Q2 24
$285.5M
$473.2M
Q1 24
$514.9M
$431.1M
Net Profit
LE
LE
TXNM
TXNM
Q4 25
$5.2M
$-5.3M
Q3 25
$136.3M
Q2 25
$-8.3M
$26.0M
Q1 25
$12.8M
Q4 24
$-593.0K
$20.0M
Q3 24
$-5.3M
$136.4M
Q2 24
$-6.4M
$52.0M
Q1 24
$-8.6M
$50.4M
Gross Margin
LE
LE
TXNM
TXNM
Q4 25
51.8%
Q3 25
Q2 25
50.8%
Q1 25
Q4 24
50.6%
Q3 24
47.9%
51.8%
Q2 24
48.7%
41.9%
Q1 24
38.0%
40.8%
Operating Margin
LE
LE
TXNM
TXNM
Q4 25
5.3%
18.5%
Q3 25
30.9%
Q2 25
-0.9%
14.7%
Q1 25
15.0%
Q4 24
2.9%
15.8%
Q3 24
0.8%
33.3%
Q2 24
0.8%
22.3%
Q1 24
1.6%
18.7%
Net Margin
LE
LE
TXNM
TXNM
Q4 25
1.6%
-1.0%
Q3 25
20.8%
Q2 25
-3.2%
5.3%
Q1 25
2.7%
Q4 24
-0.2%
4.2%
Q3 24
-1.7%
23.7%
Q2 24
-2.3%
11.0%
Q1 24
-1.7%
11.7%
EPS (diluted)
LE
LE
TXNM
TXNM
Q4 25
$0.17
$-0.06
Q3 25
$1.22
Q2 25
$-0.27
$0.22
Q1 25
$0.10
Q4 24
$-0.02
$0.17
Q3 24
$-0.17
$1.45
Q2 24
$-0.20
$0.53
Q1 24
$-0.27
$0.52

Balance Sheet & Financial Strength

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

Metric
LE
LE
TXNM
TXNM
Cash + ST InvestmentsLiquidity on hand
$36.3M
$18.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$231.0M
$3.4B
Total Assets
$852.7M
$12.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LE
LE
TXNM
TXNM
Q4 25
$36.3M
$18.3M
Q3 25
$32.1M
Q2 25
$18.1M
$22.2M
Q1 25
$6.1M
Q4 24
$30.4M
$4.5M
Q3 24
$25.6M
$7.2M
Q2 24
$27.4M
$3.2M
Q1 24
$25.3M
$3.0M
Stockholders' Equity
LE
LE
TXNM
TXNM
Q4 25
$231.0M
$3.4B
Q3 25
$3.4B
Q2 25
$230.1M
$3.2B
Q1 25
$2.5B
Q4 24
$223.6M
$2.5B
Q3 24
$226.5M
$2.5B
Q2 24
$234.6M
$2.4B
Q1 24
$241.6M
$2.4B
Total Assets
LE
LE
TXNM
TXNM
Q4 25
$852.7M
$12.1B
Q3 25
$12.0B
Q2 25
$760.5M
$11.7B
Q1 25
$11.4B
Q4 24
$843.6M
$11.2B
Q3 24
$802.5M
$10.8B
Q2 24
$800.1M
$10.6B
Q1 24
$811.5M
$10.3B

Cash Flow & Capital Efficiency

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

Metric
LE
LE
TXNM
TXNM
Operating Cash FlowLast quarter
$-15.7M
$157.7M
Free Cash FlowOCF − Capex
$-22.4M
$-152.1M
FCF MarginFCF / Revenue
-7.1%
-30.0%
Capex IntensityCapex / Revenue
2.1%
61.2%
Cash ConversionOCF / Net Profit
-3.03×
TTM Free Cash FlowTrailing 4 quarters
$-55.0M
$-611.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LE
LE
TXNM
TXNM
Q4 25
$-15.7M
$157.7M
Q3 25
$282.0M
Q2 25
$-22.5M
$3.5M
Q1 25
$141.3M
Q4 24
$-17.1M
$158.6M
Q3 24
$30.7M
$180.0M
Q2 24
$-25.8M
$76.7M
Q1 24
$93.9M
$92.8M
Free Cash Flow
LE
LE
TXNM
TXNM
Q4 25
$-22.4M
$-152.1M
Q3 25
$4.7M
Q2 25
$-30.7M
$-262.6M
Q1 25
$-201.4M
Q4 24
$-27.8M
$-182.9M
Q3 24
$26.0M
$-143.7M
Q2 24
$-32.6M
$-216.0M
Q1 24
$87.5M
$-196.3M
FCF Margin
LE
LE
TXNM
TXNM
Q4 25
-7.1%
-30.0%
Q3 25
0.7%
Q2 25
-11.8%
-53.2%
Q1 25
-41.9%
Q4 24
-8.7%
-38.0%
Q3 24
8.2%
-25.0%
Q2 24
-11.4%
-45.6%
Q1 24
17.0%
-45.5%
Capex Intensity
LE
LE
TXNM
TXNM
Q4 25
2.1%
61.2%
Q3 25
42.3%
Q2 25
3.2%
53.9%
Q1 25
71.3%
Q4 24
3.3%
71.0%
Q3 24
1.5%
56.4%
Q2 24
2.4%
61.9%
Q1 24
1.2%
67.1%
Cash Conversion
LE
LE
TXNM
TXNM
Q4 25
-3.03×
Q3 25
2.07×
Q2 25
0.14×
Q1 25
11.04×
Q4 24
7.93×
Q3 24
1.32×
Q2 24
1.48×
Q1 24
1.84×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LE
LE

U Se Commerce$179.8M57%
Business Outfitters Revenue$78.8M25%
Licensing And Retail$20.2M6%
Other$19.8M6%
Third Party$18.9M6%

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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