Saturday 17 October 2026
Export TXN’s income statement to Excel — free account
Texas Instruments Incorporated
Texas Instruments Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $17.7 billion, up 13.0% from fiscal 2024. In the quarter to June 2026, revenue grew 22.8%, EPS grew 51.8%, free cash flow grew 300.2% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for twenty-five consecutive years.
276.72
2.40
−0.86%
Follow TXN
| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
21.83 | 28.61 | 16.43 | 23.98 | 26.95 | 22.44 | 17.11 | 23.67 | 35.72 | 31.49 |
Piotroski F-Score |
9 | 7 | 7 | 5 | 7 | 8 | 6 | 3 | 3 | 7 |
P/S ratio |
5.52 | 6.99 | 5.81 | 8.35 | 10.45 | 9.48 | 7.46 | 8.77 | 10.93 | 8.92 |
Altman Z-Score |
12.36 | 13.68 | 12.46 | 13.30 | 14.20 | 14.29 | 12.23 | 10.00 | 8.91 | 8.74 |
Altman Z″-Score (non-manufacturers) |
12.47 | 12.62 | 13.16 | 12.80 | 12.74 | 12.70 | 12.41 | 10.33 | 8.89 | 9.04 |
P/FCF ratio |
18.08 | 22.22 | 15.11 | 20.59 | 27.51 | 27.31 | 25.23 | 113.67 | 101.01 | 60.56 |
Beneish M-Score |
(2.69) | (2.95) | (3.03) | (3.04) | (2.38) | (2.46) | (2.36) | (2.51) | (2.65) | (2.67) |
P/Operating CF |
53.21 | 54.24 | 42.73 | 68.46 | 71.14 | 73.80 | 73.21 | 79.88 | 85.59 | 69.97 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 43 |
P/B ratio |
7.05 | 10.12 | 10.19 | 13.48 | 16.45 | 13.05 | 10.26 | 9.10 | 10.12 | 9.69 |
Price to Tangible BV |
15.23 | 20.80 | 22.89 | 28.56 | 31.33 | 19.39 | 14.64 | 12.26 | 13.64 | 13.20 |
EV/Sales |
5.53 | 6.97 | 5.86 | 8.38 | 10.47 | 9.37 | 7.45 | 8.92 | 11.32 | 9.44 |
EV/EBITDA |
12.72 | 14.92 | 12.06 | 17.79 | 21.99 | 17.35 | 13.42 | 18.24 | 25.13 | 20.80 |
EV/Operating CF |
16.02 | 19.43 | 12.87 | 18.12 | 24.66 | 19.64 | 17.11 | 24.35 | 28.02 | 23.33 |
EV/FCF |
18.10 | 22.14 | 15.25 | 20.66 | 27.56 | 27.00 | 25.17 | 115.63 | 104.56 | 64.08 |
Quick Ratio |
2.10 | 2.55 | 2.20 | 3.04 | 3.34 | 4.45 | 3.67 | 3.12 | 2.55 | 2.17 |
Current Ratio |
3.29 | 3.87 | 3.27 | 4.13 | 4.28 | 5.33 | 4.70 | 4.55 | 4.12 | 4.35 |
Net Debt/EBITDA |
0.02 | (0.06) | 0.11 | 0.06 | 0.03 | (0.20) | (0.03) | 0.31 | 0.85 | 1.14 |
Debt/Assets |
21.96% | 23.11% | 29.57% | 32.21% | 35.13% | 31.37% | 32.11% | 34.69% | 38.29% | 40.62% |
Debt/Equity |
0.34 | 0.39 | 0.56 | 0.65 | 0.74 | 0.58 | 0.60 | 0.66 | 0.80 | 0.86 |
Asset Turnover |
0.82 | 0.88 | 0.91 | 0.82 | 0.77 | 0.83 | 0.77 | 0.59 | 0.46 | 0.50 |
Operating CF/Net income |
1.28 | 1.47 | 1.30 | 1.33 | 1.10 | 1.13 | 1.00 | 0.99 | 1.32 | 1.44 |
Capex/Depreciation |
(0.56) | (0.72) | (1.18) | (0.78) | (0.65) | (2.50) | (2.85) | (4.09) | (2.93) | (2.28) |
Interest Coverage |
60.69 | 77.99 | 53.70 | 33.66 | 31.02 | 48.70 | 47.38 | 20.77 | 10.76 | 11.09 |
| 35.21% | 35.06% | 57.29% | 55.70% | 61.55% | 68.70% | 62.41% | 41.16% | 28.25% | 29.98% | |
| 22.01% | 21.41% | 31.84% | 28.36% | 29.80% | 35.14% | 33.58% | 21.75% | 14.07% | 14.19% | |
ROIC |
28.65% | 38.23% | 42.69% | 38.37% | 39.12% | 49.40% | 44.49% | 23.44% | 14.90% | 14.80% |
Return on Tangible Assets |
46.66% | 39.91% | 62.88% | 50.15% | 50.08% | 47.59% | 48.63% | 29.71% | 21.01% | 21.71% |
Average Days of Receivables |
34.59 | 31.18 | 27.91 | 27.26 | 35.69 | 33.85 | 34.54 | 37.23 | 40.11 | 40.52 |
Research and Development Expense of Revenue |
10.14% | 10.08% | 9.88% | 10.73% | 10.58% | 8.47% | 8.34% | 10.63% | 12.52% | 11.78% |
Selling, General and Administrative Expense of Revenue |
13.03% | 11.32% | 10.67% | 11.44% | 11.22% | 9.08% | 8.51% | 10.42% | 11.47% | 10.52% |
Intangible Assets out of Total Assets |
0.34 | 0.30 | 0.29 | 0.26 | 0.23 | 0.18 | 0.16 | 0.13 | 0.12 | 0.13 |
Share Based Compensation of Revenue |
1.88% | 1.62% | 1.47% | 1.51% | 1.55% | 1.25% | 1.44% | 2.07% | 2.47% | 2.37% |
Graham Net Nets |
0.02 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | (0.02) | (0.03) |
Graham Number |
28.14 | 29.43 | 34.64 | 33.85 | 36.97 | 52.25 | 58.45 | 54.72 | 46.79 | 47.11 |
Earnings Yield |
4.58% | 3.50% | 6.08% | 4.17% | 3.71% | 4.46% | 5.85% | 4.22% | 2.80% | 3.18% |
Free Cash Flow Yield |
5.53% | 4.50% | 6.62% | 4.86% | 3.63% | 3.66% | 3.96% | 0.88% | 0.99% | 1.65% |
Revenue per Share |
13.33 | 15.10 | 16.27 | 15.37 | 15.70 | 19.87 | 21.86 | 19.29 | 17.15 | 19.45 |
Operating CF per Share |
4.60 | 5.41 | 7.41 | 7.10 | 6.67 | 9.49 | 9.52 | 7.07 | 6.93 | 7.87 |
Capex per Share |
(0.53) | (0.66) | (1.16) | (0.87) | (0.70) | (2.59) | (3.05) | (5.58) | (5.07) | (5.00) |
Free Cash Flow per Share |
4.07 | 4.75 | 6.25 | 6.23 | 5.97 | 6.90 | 6.47 | 1.49 | 1.86 | 2.86 |
Cash per Share |
3.48 | 4.51 | 4.36 | 5.76 | 7.13 | 10.55 | 9.90 | 9.44 | 8.31 | 5.37 |
Shareholders Equity per Share |
10.44 | 10.43 | 9.27 | 9.52 | 9.98 | 14.45 | 15.91 | 18.61 | 18.53 | 17.90 |
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 |
10.44 | 10.43 | 9.27 | 9.52 | 9.98 | 14.45 | 15.91 | 18.61 | 18.53 | 17.90 |
Free Cash Flow |
4,083.00 | 4,708.00 | 6,067.00 | 5,832.00 | 5,494.00 | 6,369.00 | 5,926.00 | 1,352.00 | 1,693.00 | 2,604.00 |
Working Capital |
5,193.00 | 6,476.00 | 5,623.00 | 6,638.00 | 7,849.00 | 11,116.00 | 11,036.00 | 11,802.00 | 11,383.00 | 10,591.00 |
Capital Expenditures |
(531.00) | (655.00) | (1,122.00) | (817.00) | (645.00) | (2,387.00) | (2,794.00) | (5,068.00) | (4,625.00) | (4,549.00) |
Net Current Asset Value |
1,499.00 | 1,429.00 | (46.00) | (350.00) | 75.00 | 2,342.00 | 1,391.00 | (329.00) | (3,580.00) | (4,562.00) |
EV/EBIT |
15.23 | 17.13 | 13.78 | 21.05 | 25.69 | 19.19 | 14.71 | 21.33 | 32.39 | 27.71 |
Capex to Sales |
0.04 | 0.04 | 0.07 | 0.06 | 0.04 | 0.13 | 0.14 | 0.29 | 0.30 | 0.26 |
Price to Operating Income |
15.20 | 17.20 | 13.65 | 20.98 | 25.65 | 19.41 | 14.74 | 20.96 | 31.29 | 26.18 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.38 | 0.34 | 0.30 | 0.32 | 0.30 | 0.19 | 0.14 | 0.12 | 0.14 | 0.16 |
Cash ROIC |
23.24% | 24.93% | 33.16% | 29.02% | 24.36% | 20.67% | 18.30% | 3.68% | 4.45% | 7.40% |
Accounts Receivable Turnover |
11.00 | 11.76 | 12.70 | 12.61 | 11.62 | 11.78 | 11.14 | 9.52 | 8.92 | 9.60 |
Accounts Payable Turnover |
13.08 | 12.41 | 11.67 | 12.05 | 12.93 | 12.11 | 8.80 | 7.86 | 8.07 | 9.64 |
Inventory Turnover |
2.94 | 2.85 | 2.64 | 2.47 | 2.62 | 3.09 | 2.68 | 1.92 | 1.54 | 1.63 |
Average Days of Payables |
28.27 | 31.81 | 31.68 | 27.14 | 29.17 | 34.92 | 49.64 | 45.04 | 45.72 | 36.31 |
Days of Inventory on Hand |
127.78 | 133.59 | 146.94 | 139.94 | 137.44 | 116.81 | 160.83 | 224.56 | 252.38 | 230.75 |
Average Receivables |
1,216.00 | 1,272.50 | 1,242.50 | 1,140.50 | 1,244.00 | 1,557.50 | 1,798.00 | 1,841.00 | 1,753.00 | 1,841.00 |
Average Payables |
391.00 | 431.00 | 472.00 | 433.00 | 401.50 | 493.00 | 711.00 | 826.50 | 811.00 | 788.00 |
Average Inventory |
1,740.50 | 1,873.50 | 2,087.00 | 2,109.00 | 1,978.00 | 1,932.50 | 2,333.50 | 3,378.00 | 4,263.00 | 4,665.50 |
Average Assets |
16,330.50 | 17,036.50 | 17,389.50 | 17,577.50 | 18,684.50 | 22,013.50 | 25,941.50 | 29,777.50 | 33,928.50 | 35,047.00 |
Average Common Equity |
10,209.50 | 10,405.00 | 9,665.50 | 8,950.50 | 9,047.00 | 11,260.00 | 13,955.00 | 15,737.00 | 16,900.00 | 16,588.00 |
Columns are period end dates