Saturday 17 October 2026
Export TSEM’s income statement to Excel — free account
Tower Semiconductor Ltd.
TSEM Technology Semiconductors
Tower Semiconductor Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $1.6 billion, up 9.05% from fiscal 2024. In the quarter to June 2026, revenue grew 23.7%, EPS grew 90.5%, free cash flow fell 180.7% and total debt fell 19.5%, each against the same quarter a year earlier.
195.58
14.22
−6.78%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
59.60 | 27.69 | 6.44 | 17.87 | 28.55 | 33.53 | 28.31 | 10.84 | 11.27 | 8.19 |
Piotroski F-Score |
6 | 5 | 6 | 7 | 8 | 3 | 4 | 5 | 7 | 8 |
P/S ratio |
8.40 | 3.99 | 2.35 | 2.81 | 2.85 | 2.19 | 2.07 | 1.16 | 2.40 | 1.34 |
Altman Z-Score |
20.45 | 9.35 | 6.03 | 5.86 | 5.40 | 3.51 | 3.53 | 2.68 | 4.09 | 2.06 |
P/FCF ratio |
0.00 | 217.64 | 35.33 | 12.10 | 34.69 | 861.64 | 21.46 | 10.56 | 17.74 | 14.22 |
Altman Z″-Score (non-manufacturers) |
11.43 | 10.57 | 10.19 | 6.62 | 5.50 | 4.56 | 4.63 | 4.64 | 3.30 | 1.49 |
Beneish M-Score |
(1.37) | (2.60) | (2.69) | (3.21) | (3.16) | (2.70) | (3.02) | (2.86) | (2.09) | (2.67) |
P/Operating CF |
332.56 | 56.79 | 4.94 | 8.89 | 32.15 | 37.93 | 35.73 | 16.52 | 39.10 | 20.48 |
P/B ratio |
4.53 | 2.17 | 1.38 | 2.49 | 2.66 | 1.90 | 1.90 | 1.22 | 3.24 | 2.46 |
Price to Tangible BV |
4.54 | 2.18 | 1.38 | 2.51 | 2.69 | 1.93 | 1.92 | 1.24 | 3.32 | 2.59 |
EV/Sales |
7.76 | 3.26 | 1.64 | 2.37 | 2.55 | 1.93 | 1.72 | 0.87 | 2.24 | 1.31 |
EV/EBITDA |
24.08 | 10.25 | 3.47 | 8.84 | 8.80 | 7.39 | 7.04 | 3.08 | 7.26 | 4.38 |
EV/Operating CF |
30.74 | 10.45 | 2.52 | 4.75 | 9.13 | 8.85 | 7.28 | 3.64 | 8.74 | 4.98 |
EV/FCF |
(382.33) | 178.21 | 24.70 | 10.21 | 31.06 | 761.88 | 17.80 | 7.95 | 16.54 | 13.84 |
Quick Ratio |
5.21 | 5.02 | 5.02 | 2.99 | 3.28 | 3.20 | 3.45 | 3.90 | 2.35 | 2.15 |
Current Ratio |
6.48 | 6.18 | 6.17 | 3.86 | 4.33 | 4.04 | 4.30 | 4.85 | 2.89 | 2.82 |
Net Debt/EBITDA |
(1.99) | (2.27) | (1.25) | (1.21) | (1.03) | (0.97) | (1.45) | (1.01) | (0.53) | (0.12) |
Debt/Assets |
4.86% | 5.87% | 7.93% | 10.69% | 14.11% | 18.64% | 16.13% | 14.94% | 20.00% | 24.95% |
Debt/Equity |
0.06 | 0.07 | 0.10 | 0.14 | 0.19 | 0.27 | 0.23 | 0.22 | 0.33 | 0.50 |
Asset Turnover |
0.49 | 0.48 | 0.52 | 0.70 | 0.70 | 0.63 | 0.66 | 0.75 | 0.91 | 1.07 |
Operating CF/Net income |
1.79 | 2.16 | 1.30 | 2.00 | 2.81 | 3.36 | 3.24 | 2.31 | 1.19 | 1.61 |
Capex/Depreciation |
(1.44) | (1.62) | (1.63) | (0.73) | (1.04) | (1.07) | (0.80) | (0.86) | (0.80) | (1.06) |
Interest Coverage |
(3.42) | (3.76) | (17.92) | 24.41 | 12.93 | (31.72) | 23.08 | 11.75 | 14.23 | 14.77 |
| 7.95% | 8.20% | 24.03% | 15.10% | 9.77% | 5.88% | 6.97% | 11.97% | 34.81% | 38.18% | |
| 6.89% | 6.93% | 18.97% | 11.07% | 6.94% | 4.09% | 4.84% | 7.83% | 19.52% | 17.39% | |
ROIC |
6.34% | 7.46% | 24.05% | 16.86% | 8.93% | 5.02% | 5.95% | 11.23% | 17.08% | 17.17% |
Return on Tangible Assets |
7.58% | 7.53% | 20.03% | 12.78% | 8.35% | 4.93% | 5.93% | 9.41% | 24.69% | 19.10% |
Average Days of Receivables |
51.93 | 53.86 | 39.53 | 33.27 | 34.42 | 46.75 | 37.55 | 42.94 | 39.38 | 41.20 |
Research and Development Expense of Revenue |
5.52% | 5.53% | 5.61% | 5.00% | 5.66% | 6.19% | 6.12% | 5.60% | 4.88% | 5.05% |
Selling, General and Administrative Expense of Revenue |
5.31% | 5.22% | 5.09% | 4.79% | 5.12% | 5.05% | 5.46% | 4.98% | 4.82% | 5.24% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.03 |
Share Based Compensation of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
0.10 | 0.23 | 0.36 | 0.18 | 0.14 | 0.17 | 0.20 | 0.29 | 0.07 | 0.00 |
Graham Number |
33.91 | 31.53 | 48.24 | 30.60 | 21.60 | 15.33 | 15.57 | 19.21 | 27.08 | 20.27 |
Earnings Yield |
1.68% | 3.61% | 15.52% | 5.60% | 3.50% | 2.98% | 3.53% | 9.23% | 8.87% | 12.21% |
Free Cash Flow Yield |
(0.24%) | 0.46% | 2.83% | 8.27% | 2.88% | 0.12% | 4.66% | 9.47% | 5.64% | 7.03% |
Revenue per Share |
13.99 | 12.92 | 12.90 | 15.34 | 13.93 | 11.80 | 11.61 | 12.72 | 14.35 | 14.28 |
Operating CF per Share |
3.53 | 4.04 | 6.13 | 4.85 | 3.89 | 2.58 | 2.74 | 3.05 | 3.68 | 3.74 |
Capex per Share |
(3.90) | (3.88) | (3.81) | (1.95) | (2.60) | (2.41) | (1.62) | (1.80) | (1.73) | (2.40) |
Free Cash Flow per Share |
(0.37) | 0.15 | 2.33 | 2.89 | 1.30 | 0.17 | 1.12 | 1.25 | 1.95 | 1.35 |
Cash per Share |
10.29 | 10.96 | 11.21 | 9.20 | 7.06 | 6.63 | 7.03 | 6.25 | 5.79 | 4.45 |
Shareholders Equity per Share |
25.94 | 23.75 | 22.01 | 17.27 | 14.92 | 13.57 | 12.67 | 12.06 | 10.65 | 7.80 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
25.94 | 23.75 | 22.01 | 17.27 | 14.92 | 13.57 | 12.67 | 12.06 | 10.65 | 7.80 |
Free Cash Flow |
(41.08) | 17.09 | 256.84 | 316.28 | 140.24 | 18.57 | 118.74 | 128.62 | 188.00 | 117.84 |
Working Capital |
1,445.88 | 1,475.23 | 1,432.32 | 1,107.79 | 919.88 | 830.00 | 835.43 | 784.24 | 571.96 | 450.88 |
Capital Expenditures |
(436.56) | (431.59) | (419.73) | (213.54) | (281.05) | (257.99) | (172.58) | (184.28) | (167.64) | (209.62) |
Net Current Asset Value |
1,291.92 | 1,319.98 | 1,217.68 | 836.11 | 580.35 | 463.67 | 502.37 | 434.19 | 230.40 | 0.73 |
EV/EBIT |
62.62 | 24.50 | 4.27 | 12.75 | 23.10 | 26.90 | 24.46 | 7.34 | 14.14 | 9.31 |
Capex to Sales |
0.28 | 0.30 | 0.30 | 0.13 | 0.19 | 0.20 | 0.14 | 0.14 | 0.12 | 0.17 |
Price to Operating Income |
67.72 | 29.93 | 6.10 | 15.11 | 25.80 | 30.42 | 29.48 | 9.75 | 15.17 | 9.57 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.21 | 0.21 | 0.22 | 0.30 | 0.31 | 0.29 | 0.31 | 0.33 | 0.33 | 0.32 |
Cash ROIC |
(0.97%) | 0.42% | 6.59% | 9.99% | 5.20% | 0.73% | 4.94% | 6.00% | 9.77% | 8.32% |
Accounts Receivable Turnover |
7.21 | 7.85 | 9.27 | 11.37 | 9.91 | 8.76 | 8.80 | 8.61 | 9.54 | 9.95 |
Accounts Payable Turnover |
9.45 | 8.13 | 7.37 | 10.55 | 13.42 | 9.55 | 8.99 | 9.21 | 9.63 | 9.91 |
Inventory Turnover |
4.58 | 3.98 | 3.66 | 4.51 | 5.44 | 5.28 | 5.53 | 6.44 | 7.36 | 7.78 |
Average Days of Payables |
37.62 | 43.47 | 47.50 | 45.48 | 24.37 | 34.27 | 43.32 | 37.66 | 40.76 | 38.28 |
Days of Inventory on Hand |
77.98 | 89.29 | 96.51 | 91.03 | 72.60 | 70.40 | 69.87 | 61.65 | 50.64 | 53.03 |
Average Receivables |
217.36 | 183.00 | 153.50 | 147.58 | 152.16 | 144.53 | 140.19 | 151.54 | 145.36 | 125.56 |
Average Payables |
127.27 | 134.88 | 145.03 | 114.82 | 87.83 | 108.07 | 111.76 | 109.84 | 107.30 | 95.52 |
Average Inventory |
262.58 | 275.49 | 292.40 | 268.31 | 216.82 | 195.69 | 181.52 | 157.05 | 140.42 | 121.61 |
Average Assets |
3,201.39 | 2,999.50 | 2,733.06 | 2,389.42 | 2,162.70 | 2,013.49 | 1,861.41 | 1,731.81 | 1,526.76 | 1,172.63 |
Average Common Equity |
2,772.38 | 2,533.61 | 2,157.79 | 1,751.97 | 1,535.15 | 1,400.81 | 1,291.46 | 1,132.96 | 856.16 | 534.10 |
Columns are period end dates