TXNM vs MIDD

Comparison between PNM Resources Inc (TXNM, Company) and Middleby Corp (MIDD, Company).

TXNM is from the Utilities sector, while MIDD is from the Industrials sector.

5-Year PerformanceTXNM has outperformed MIDD, delivering a return of +6.6% compared to +2.7%

TXNM vs MIDD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TXNM(COMPANY)	MIDD(COMPANY)
Market Cap	$6.24B	$6.25B
Max Drawdown	81.76%	73.11%
Sharpe Ratio	0.07	0.89
5Y Beta	0.27	1.11
Industry	Utilities - Regulated Electric	Specialty Industrial Machinery
P/E Ratio	37.06	-18.46
Forward P/E	19.76	13.99
PEG Ratio	2.81	1.51
Dividend Yield	2.92%	N/A
5Y Dividends CAGR	5.84%	N/A
5Y EPS CAGR	18.51%	N/A
Debt to Equity	156.28%	78.91%
Free Cash Flow Yield	9.55%	8.03%
P/S Ratio	2.85	1.81
P/B Ratio	1.81	3.41

Market Cap

TXNM

$6.24B

Winner

MIDD

$6.25B

Max Drawdown

TXNM

81.76%

Winner

MIDD

73.11%

Sharpe Ratio

TXNM

0.07

Winner

MIDD

0.89

5Y Beta

Winner

TXNM

0.27

MIDD

1.11

Industry

TXNM

Utilities - Regulated Electric

MIDD

Specialty Industrial Machinery

P/E Ratio

TXNM

37.06

Winner

MIDD

-18.46

Forward P/E

TXNM

19.76

Winner

MIDD

13.99

PEG Ratio

TXNM

2.81

Winner

MIDD

1.51

Dividend Yield

TXNM

2.92%

MIDD

N/A

5Y Dividends CAGR

TXNM

5.84%

MIDD

N/A

5Y EPS CAGR

TXNM

18.51%

MIDD

N/A

Debt to Equity

TXNM

156.28%

Winner

MIDD

78.91%

Free Cash Flow Yield

Winner

TXNM

9.55%

MIDD

8.03%

P/S Ratio

TXNM

2.85

Winner

MIDD

1.81

P/B Ratio

Winner

TXNM

1.81

MIDD

3.41

TXNM vs MIDD - Historical Returns

Returns include dividend reinvestment.

Period	TXNM	MIDD
1 month	-0.09%	+28.06%
3 months	-2.88%	+46.53%
6 months	-2.17%	+35.89%
1 year	+3.48%	+43.39%
5 years(CAGR)	+6.60%	+2.70%
10 years(CAGR)	+8.36%	+6.00%
Max(CAGR)	+9.60%	+23.63%

TXNM

-0.09%

Winner

MIDD

+28.06%

TXNM

-2.88%

Winner

MIDD

+46.53%

TXNM

-2.17%

Winner

MIDD

+35.89%

TXNM

+3.48%

Winner

MIDD

+43.39%

5Y(CAGR)

Winner

TXNM

+6.60%

MIDD

+2.70%

10Y(CAGR)

Winner

TXNM

+8.36%

MIDD

+6.00%

Max(CAGR)

TXNM

+9.60%

Winner

MIDD

+23.63%

TXNM vs MIDD - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	TXNM	MIDD
2026	-2.08%	+38.89%
2025	+24.27%	+11.01%
2024	+30.79%	-6.81%
2023	-12.36%	+10.12%
2022	+10.63%	-31.78%
2021	-3.30%	+55.96%
2020	+0.29%	+18.30%
2019	+29.16%	+7.41%
2018	+5.73%	-24.06%
2017	+22.03%	+4.95%
2016	+16.88%	+21.12%
2015	+5.93%	+8.92%
2014	+28.48%	+19.95%
2013	+17.64%	+82.45%
2012	+19.98%	+33.23%
2011	+42.36%	+8.18%
2010	+6.80%	+68.98%
2009	+26.38%	+71.34%
2008	-49.82%	-64.08%
2007	-28.96%	+43.90%
2006	+28.66%	+18.75%
2005	+1.11%	+70.65%
2004	+37.21%	+24.62%
2003	+24.12%	+286.91%
2002	-14.30%	+101.92%
2001	+11.11%	-13.34%
2000	+78.91%	+4.97%
1999	-7.83%	+24.99%

TXNM vs MIDD Drawdown Comparison

The maximum drawdown for TXNM was -80.02%, occurring on Mar 6, 2009. Recovery took 1724 trading sessions.

The maximum drawdown for MIDD was -73.11%, occurring on Mar 2, 2009. Recovery took 747 trading sessions.

The current TXNM drawdown is -4.17%. The current MIDD drawdown is -3.35%.

Rank	TXNM	MIDD
#1	-80.02% Apr 25, 2007 - Feb 28, 2014	-73.11% Nov 28, 2007 - Nov 15, 2010
#2	-51.04% May 10, 2001 - Sep 16, 2004	-69.20% Dec 8, 2016 - Feb 24, 2021
#3	-46.35% Feb 18, 2020 - Nov 21, 2024	-48.76% Mar 30, 2001 - Jun 7, 2002
#4	-25.17% Nov 30, 2017 - Dec 11, 2018	-44.38% Feb 9, 2022 - Jul 7, 2026
#5	-22.79% Aug 3, 2005 - Nov 6, 2006	-35.03% Aug 10, 2015 - May 27, 2016
#6	-20.57% Dec 29, 2014 - Dec 23, 2015	-34.96% Jun 12, 2000 - Mar 30, 2001
#7	-17.98% Jul 1, 2014 - Nov 5, 2014	-29.79% Jul 8, 2011 - Dec 20, 2011
#8	-16.85% Nov 8, 2000 - Mar 30, 2001	-29.64% Jun 1, 2004 - Jul 29, 2005
#9	-14.91% Nov 1, 1999 - Apr 26, 2000	-28.17% Feb 27, 2014 - Dec 30, 2014
#10	-14.22% Apr 28, 2000 - Jul 20, 2000	-27.19% Feb 18, 2000 - Jun 8, 2000
#11	-13.00% Jul 6, 2016 - Feb 21, 2017	-24.75% Mar 2, 2006 - Nov 8, 2006
#12	-10.60% Dec 13, 2018 - Feb 22, 2019	-24.12% Aug 22, 2002 - Nov 12, 2002
#13	-10.22% Feb 21, 2025 - Mar 14, 2025	-20.78% Aug 9, 2007 - Nov 20, 2007
#14	-10.07% Mar 19, 2025 - May 19, 2025	-19.91% Sep 15, 2003 - Oct 24, 2003
#15	-9.86% Oct 4, 2019 - Jan 23, 2020	-19.57% May 3, 2007 - Aug 9, 2007

Correlation

Correlation between TXNM and MIDD is 0.90 which considered as a very strong positive correlation - the stocks move almost identically together.

0.90

-101

Dividend Comparison (2000 - 2026)

TXNM vs MIDD dividend yield comparison.

Year	TXNM	MIDD
2026	1.48%	26.04%
2025	2.77%	0.00%
2024	3.15%	0.00%
2023	3.53%	0.00%
2022	2.85%	0.00%
2021	2.87%	0.00%
2020	2.53%	0.00%
2019	2.29%	0.00%
2018	2.58%	0.00%
2017	2.40%	0.00%
2016	2.57%	0.00%
2015	2.62%	0.00%
2014	2.50%	0.00%
2013	2.65%	0.00%
2012	3.44%	0.00%
2011	2.74%	0.00%
2010	3.84%	0.00%
2009	3.95%	0.00%
2008	7.04%	0.00%
2007	4.24%	0.00%
2006	2.77%	0.00%
2005	3.14%	0.00%
2004	2.50%	0.79%
2003	3.24%	0.62%
2002	3.61%	0.00%
2001	2.86%	0.00%
2000	2.98%	1.67%