Enovix (NASDAQ:ENVX – Get Free Report) and TXNM Energy (NYSE:TXNM – Get Free Report) are both energy companies, but which is the superior business? We will contrast the two businesses based on the strength of their profitability, valuation, analyst recommendations, earnings, institutional ownership, risk and dividends.
Institutional & Insider Ownership
50.9% of Enovix shares are held by institutional investors. Comparatively, 91.7% of TXNM Energy shares are held by institutional investors. 14.1% of Enovix shares are held by company insiders. Comparatively, 1.4% of TXNM Energy shares are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.
Analyst Ratings
This is a breakdown of recent recommendations and price targets for Enovix and TXNM Energy, as provided by MarketBeat.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Enovix | 1 | 4 | 6 | 0 | 2.45 |
| TXNM Energy | 0 | 6 | 1 | 0 | 2.14 |
Earnings and Valuation
This table compares Enovix and TXNM Energy”s top-line revenue, earnings per share and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Enovix | $31.82 million | 34.24 | -$156.74 million | ($0.77) | -6.51 |
| TXNM Energy | $2.17 billion | 2.95 | $151.89 million | $1.46 | 40.13 |
TXNM Energy has higher revenue and earnings than Enovix. Enovix is trading at a lower price-to-earnings ratio than TXNM Energy, indicating that it is currently the more affordable of the two stocks.
Profitability
This table compares Enovix and TXNM Energy’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Enovix | -492.57% | -64.29% | -23.65% |
| TXNM Energy | 7.27% | 7.54% | 2.03% |
Risk & Volatility
Enovix has a beta of 2.15, suggesting that its stock price is 115% more volatile than the S&P 500. Comparatively, TXNM Energy has a beta of 0.17, suggesting that its stock price is 83% less volatile than the S&P 500.
Summary
TXNM Energy beats Enovix on 8 of the 14 factors compared between the two stocks.
About Enovix
Enovix Corporation designs develops and manufactures silicon-anode lithium-ion batteries. It serves wearables and IoT, smartphone, laptops and tablets, industrial and medical, and electric vehicles industries. The company was founded in 2007 and is headquartered in Fremont, California.
About TXNM Energy
TXNM Energy, Inc., through its subsidiaries, provides electricity and electric services in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. The PNM segment engages in the generation, transmission, and distribution of electricity. The segment owns and leases communications, office and other equipment, office space, vehicles, and real estate. It generates electricity using coal, natural gas and oil, and nuclear fuel and waste, as well as solar, wind, geothermal, and battery storage energy sources. The TNMP segment provides regulated transmission and distribution services. The segment also owns and leases vehicles, service facilities, and office locations throughout its service territory. The company serves residential, commercial, and industrial customers and end-users of electricity in New Mexico and Texas. The company was formerly known as PNM Resources, Inc and changed its name to TXNM Energy, Inc. in August 2024. TXNM Energy, Inc. was founded in 1882 and is based in Albuquerque, New Mexico.
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