Saturday 17 October 2026 Export TSEM’s income statement to Excel — free account

Tower Semiconductor Ltd.

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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Market cap: $23.8B
P/E: 76.1×
Fwd P/E: 79.0×
Dividend yield: —
F-score: 6/9
Altman Z: 20.45
Beneish M: −1.37
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 60.01

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	1	1	1	—

Insider Ownership 7.00%

Capital & Financial Ratios $m

Market Cap 23,820.00

Revenue 1,709.58

Net Income 291.69

Free Cash Flow 308.47

Net Debt (1,339.72)

Current Ratio 4.91

Debt/Equity 0.05

P/E ratio 76.10

Fwd P/E 79.00

P/S ratio 12.92

P/B ratio 7.19

Past 5Y EPS Growth 20.61%

This Y EPS Growth 69.97%

Next Y EPS Growth 75.24%

Next Y revenue growth 26.11%

Next 5Y EPS Growth 66.08%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 94.61%

10-year low 10-year high

P/S against its own 10 years 94.99%

10-year low 10-year high

P/B against its own 10 years 85.15%

10-year low 10-year high

EV/Sales against its own 10 years 94.99%

10-year low 10-year high

EV/FCF against its own 10 years 82.89%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1,236	1,218	1,152	1,481
Receivables	154	212	223	203
Inventory	283	268	257	244
Other	36	62	78	57
	1,709	1,760	1,710	1,986

	2023	2024	2025	Q'26
Payables	139	131	124	123
ST’ Debt	59	48	28	17
Other	9	19	16	89
	277	285	264	404

Compound Annual Growth %

	10y	5y	3y
Sales	5.01%	4.35%	(2.27%)
Cash Flow	8.79%	7.42%	(9.29%)
Earnings	0.00%	21.78%	(5.90%)
Book Value	22.38%	14.83%	15.43%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	414	460	—	—	—
’25	358	372	396	440	1,566
’24	327	351	371	387	1,436
’23	356	357	358	352	1,423
’22	421	426	427	403	1,678
’21	347	362	387	412	1,508
’20	300	310	310	345	1,266

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	510	177	—	—	—
’25	94	123	139	40	395
’24	110	113	125	101	449
’23	73	75	101	677	677
’22	137	138	33	530	530
’21	87	93	107	134	421
’20	68	67	69	73	277

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	354	(10)	—	—	—
’25	(17)	12	32	(68)	(41)
’24	12	0	33	(28)	17
’23	(33)	(14)	101	244	257
’22	56	89	33	316	316
’21	38	37	19	48	140
’20	5	4	2	9	19

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.57	0.79	—	—	—
’25	0.35	0.41	0.47	0.70	1.94
’24	0.40	0.48	0.49	0.49	1.85
’23	0.64	0.46	3.07	0.48	4.66
’22	0.49	0.53	0.62	0.75	2.39
’21	0.26	0.28	0.36	0.47	1.37
’20	0.16	0.18	0.14	0.28	0.76

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	10.36	19.02	13.56	13.57	12.13	24.81	31.04	21.43	28.02	28.64	Analyst estimates 2026–2028 Powerpack
	High	20.04	36.69	36.08	25.15	27.28	40.45	49.13	45.87	54.27	129.58
People
People	Employees	5,552	5,641	5,586	5,279	5,511	5,887	5,613	5,215	5,359	5,316
	Revenue/emp, $m	0.23	0.25	0.23	0.23	0.23	0.26	0.30	0.27	0.27	0.29
Income, $m
Income, $m	Revenue	1,250	1,387	1,304	1,234	1,266	1,508	1,678	1,423	1,436	1,566
	Gross margin, %	24.26	25.54	22.46	18.61	18.43	21.82	27.80	24.85	23.64	23.23
	EBT	211	202	139	91	89	155	292	585	217	240
	EBT margin, %	16.85	14.54	10.68	7.38	7.01	10.28	17.40	41.11	15.14	15.35
	Net income	209	302	133	88	83	154	266	520	207	219
	Depreciation	198	208	214	214	241	271	293	258	266	303
Per share, $
Per share, $	Revenue	14.28	14.35	12.72	11.61	11.80	13.93	15.34	12.90	12.92	13.99
	Earnings	2.33	3.08	1.35	0.85	0.77	1.39	2.42	4.70	1.87	1.97
	Cash flow	3.74	3.68	3.05	2.74	2.58	3.89	4.85	6.13	4.04	3.53
	Capex	(2.40)	(1.73)	(1.80)	(1.62)	(2.41)	(2.60)	(1.95)	(3.81)	(3.88)	(3.90)
	Free cash flow	1.35	1.95	1.25	1.12	0.17	1.30	2.89	2.33	0.15	(0.37)
	Book value	7.80	10.65	12.06	12.67	13.57	14.92	17.27	22.01	23.75	25.94
	Shares, m	87	97	103	106	107	108	109	110	111	112
Valuation, ×
Valuation, ×	P/E	8.19	11.27	10.84	28.31	33.53	28.55	17.87	6.44	27.69	59.60
	P/S	1.34	2.40	1.16	2.07	2.19	2.85	2.81	2.35	3.99	8.40
	P/B	2.46	3.24	1.22	1.90	1.90	2.66	2.49	1.38	2.17	4.53
	EV/Sales	1.31	2.24	0.87	1.72	1.93	2.55	2.37	1.64	3.26	7.76
	EV/FCF	13.84	16.54	7.95	17.80	761.88	31.06	10.21	24.70	178.21	(382.33)
Cash, $m
Cash, $m	Operating cash flow	327	356	313	291	277	421	530	677	449	395
	Capex	(210)	(168)	(184)	(173)	(258)	(281)	(214)	(420)	(432)	(437)
	Free cash flow	118	188	129	119	19	140	316	257	17	(41)
Balance, $m
Balance, $m	Working capital	451	572	784	835	830	920	1,108	1,432	1,475	1,446
	Total debt	344	335	267	312	390	315	272	232	181	162
	Net debt	(45)	(225)	(374)	(435)	(321)	(450)	(733)	(1,005)	(1,037)	(990)
	Shareholders’ equity	683	1,030	1,236	1,347	1,455	1,615	1,889	2,427	2,640	2,905
Returns, %
Returns, %	ROA	17.39	19.52	7.83	4.84	4.09	6.94	11.07	18.97	6.93	6.89
	ROIC	17.17	17.08	11.23	5.95	5.02	8.93	16.86	24.05	7.46	6.34
	ROE	38.18	34.81	11.97	6.97	5.88	9.77	15.10	24.03	8.20	7.95

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
MCHP Microchip Technology Incorporated	$40.3B	110×	51.2×	+38.05% (above 0%: growing)	n/m	+93.09% (above 0%: growing)	63.24%	22.68%	Compare
CRDO Credo Technology Group Holding Ltd.	$33.6B	57.5×	42.5×	+114.73% (above 0%: growing)	+89.19% (above 0%: growing)	+61.55% (above 0%: growing)	64.53%	25.20%	Compare
ON ON Semiconductor Corporation	$28.7B	45.6×	53.2×	+9.18% (above 0%: growing)	+41.46% (above 0%: growing)	+284.55% (above 0%: growing)	38.43%	16.13%	Compare
GFS GlobalFoundries Inc.	$26.8B	35.9×	55.3×	+5.81% (above 0%: growing)	−26.83% (below 0%: shrinking)	−97.40% (below 0%: shrinking)	28.28%	9.74%	Compare
TSEM Tower Semiconductor Ltd.	$23.8B	76.1×	79.0×	+23.66% (above 0%: growing)	+90.48% (above 0%: growing)	−180.73% (below 0%: shrinking)	29.95%	19.62%
MTSI MACOM Technology Solutions Holdings, Inc.	$20.7B	82.0×	106×	+35.77% (above 0%: growing)	+169.39% (above 0%: growing)	+165.46% (above 0%: growing)	58.31%	22.53%	Compare
SWKS Skyworks Solutions, Inc.	$18.6B	40.9×	45.2×	−3.13% (below 0%: shrinking)	−67.14% (below 0%: shrinking)	−106.87% (below 0%: shrinking)	40.12%	5.19%	Compare
LSCC Lattice Semiconductor Corporation	$15.2B	399×	150×	+62.20% (above 0%: growing)	+600.00% (above 0%: growing)	+130.47% (above 0%: growing)	70.29%	11.12%	Compare
SITM SiTime Corporation	$15.1B	891×	301×	+126.54% (above 0%: growing)	n/m	+1,018.94% (above 0%: growing)	62.97%	5.22%	Compare
Median of peers	$23.7B	69.7×	54.3×	+36.91%	+65.33%	+111.78%	60.64%	13.62%

All 67 Semiconductors stocks →

Tower Semiconductor Ltd. (TSEM) key facts

Strength: Tower Semiconductor Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $1.6 billion, up 9.05% from fiscal 2024.
Tower Semiconductor Ltd. (TSEM) is a Semiconductors company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, TSEM traded at $195.58, a market capitalization of $23.8 billion.
Return on equity was 7.95% and debt-to-equity 0.05.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 20.45 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.