FirmAtlas

Company handbook · TXN · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17

TXN · CIK 97476 · LATEST FILING: 10-Q JUN '26 · FILED JUL 24, 2026

TEXAS INSTRUMENTS INCORPORATED

$276.48 −2.64 (−0.95%)

Close, Oct 16, 2026 · 52-week $153–334

↗ ti.com

Texas Instruments designs and makes analog chips (which manage power and handle real-world signals) and embedded processors (small chips that control devices), mostly in its own factories.

Business

SegmentsReporting Segment Analog 79% · Reporting Segment Embedded Processing 15% · All Other Segments 6% (FY25)
CustomersMakers of industrial equipment, cars, phones, PCs and other electronics worldwide; sold mostly directly, including through its website, and also through distributors
Cash useFY24–FY25: dividends $9.8B · capex $9.4B · buybacks $2.4B
Reinvested 70% of operating cash flow · returned 297% of free cash flow

Last fiscal year

TEXAS INSTRUMENTS INCORPORATED reported revenue of $17.7B for the year ended Dec 31, 2025 (FY25), up 13.0% from FY24. Net income was $5.0B, operating cash flow $7.2B and free cash flow $2.6B. Source: 10-K filed Feb 6, 2026.

Market cap

$252.4B

P/E

41.7

EV/EBITDA

32.9x

P/B

14.0

Div yield

2.05%

ROIC

21.8%

Revenue 1Y

13.0%/yr

EPS 1Y

4.8%/yr

Shares 1Y

−0.7%

Loading chart…

Daily closes, split-adjusted · ratios at each fiscal year end

Company

CEOHaviv Ilan

HQDallas, TX

AuditorErnst & Young LLP

Employees33,000

Year endsDecember

Revenue by segment · FY25

Reporting Segment Analog79%

Reporting Segment Embedded Processing15%

All Other Segments6%

Compounded growth & averages

10Y

TTM

Share price

15.0%

7.3%

21.5%

57.6%

Upgrade to see 10 years

Share price: yearly compound rate of the traded close; the last column is the past year.

Where the cash went · FY24–FY25

$21.6B deployed

Capex $9.4B 43.4%

Dividends $9.8B 45.4%

Buybacks $2.4B 11.2%

Operating cash flow over the period: $13.5B. Total debt changed by +$452M. R&D of $4.0B is already inside operating costs.

Sources 10-K FY25 10-Q Jun '26 All filings on EDGAR

Latest filings

Sep 17, 2026 Other announcement 8-K Jul 22, 2026 Quarterly results 8-K Jun 2, 2026 Executive or director change 8-K Apr 22, 2026 Quarterly results 8-K Apr 17, 2026 Shareholder vote results 8-K

Growth engines

How much of the profit growth came from new investment, and how much from running the business better.

Upgrade to see 10 years

Financials

Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year

Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier

TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.

Income

FY24 FY25

TTM

Revenue

15,641

17,682+13.0%

19,453

YoY

+13.0%

Gross profit

9,094

10,083+10.9%

11,346

Gross margin

58.1%

57.0%−1.1 pp

—

Operating income

5,465

6,023+10.2%

7,254

Operating margin

34.9%

34.1%−0.9 pp

—

EBITDA

6,973

7,941+13.9%

—

EBITDA margin

44.6%

44.9%+0.3 pp

—

Interest expense

508

543+6.9%

—

Interest coverage

13.73x

14.62x+0.90x

—

Net income

4,799

5,001+4.2%

6,052

YoY

+4.2%

Net margin

30.7%

28.3%−2.4 pp

—

EPS (diluted, $)

5.20

5.45+4.8%

6.57

YoY

+4.8%

Balance sheet

FY24 FY25

TTM

Total assets

35,509

34,585−2.6%

35,882

Cash & short-term investments

7,580

4,881−35.6%

—

Accounts receivable

1,719

1,963+14.2%

—

Inventory

4,527

4,804+6.1%

—

Net PP&E

11,347

12,320+8.6%

—

Other assets

10,336

10,617+2.7%

—

Total liabilities

18,606

18,312−1.6%

17,875

Accounts payable

820

756−7.8%

—

Total debt

13,596

14,048+3.3%

14,052

Other liabilities

4,190

3,508−16.3%

—

Shareholders’ equity

16,903

16,273−3.7%

18,007

Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.

Cash flow statement · as filed

FY24 FY25

TTM

Cash from operations

6,318

7,153+13.2%

8,667

Net income

4,799

5,001+4.2%

—

Depreciation & amortization

1,508

1,918+27.2%

—

Stock-based compensation

387

419+8.3%

—

Working capital & other

(376)

(185)n/m

—

Cash from investing

(3,202)

(1,439)n/m

—

Capex

(4,820)

(4,550)n/m

—

PP&E sold

195

1−99.5%

—

Investments bought

(9,716)

(3,524)n/m

—

Investments sold / matured

11,190

6,310−43.6%

—

Other investing

(51)

324n/m

—

Cash from financing

(2,880)

(5,689)n/m

—

Debt raised

2,980

1,199−59.8%

—

Debt repaid

(600)

(750)n/m

—

Dividends

(4,795)

(4,999)n/m

—

Buybacks

(929)

(1,477)n/m

—

Other financing

464

338−27.2%

—

Net change in cash

236

25−89.4%

—

Free cash flow (OCF − capex)

1,498

2,603+73.8%

5,355

Where the cash went

FY24 FY25

TTM

Operating cash flow

6,318

7,153+13.2%

8,667

Reinvested in the business

4,820

4,550−5.6%

—

% of operating cash flow

76.3%

63.6%

Capex

4,820

4,550−5.6%

3,312

R&D (memo, already in costs)

1,959

2,083+6.3%

—

Free cash flow

1,498

2,603+73.8%

5,355

YoY

+73.8%

Returned to shareholders

5,724

6,476+13.1%

—

% of free cash flow

382.1%

248.8%

Dividends

4,795

4,999+4.3%

—

Buybacks

929

1,477+59.0%

—

Change in total debt

—

452

—

Cash left over

—

(3,421)

—

FCF conversion (FCF ÷ net income)

31.2%

52.0%+20.8 pp

—

Owner earnings

—

1,784

—

Owner earnings margin

—

10.1%

—

Buyback yield

0.5%

0.9%+0.4 pp

—

Returns & ratios

FY24 FY25

TTM

ROIC (all capital)

21.0%

21.8%+0.8 pp

—

ROIC (operating)

28.7%

30.1%+1.4 pp

—

Net debt / EBITDA

0.86x

1.15x+0.29x

—

Debt / equity

0.80x

0.86x+0.06x

—

Cash conversion cycle (days)

247

235−12 d

—

ROE

28.4%

30.7%+2.3 pp

—

ROA

13.5%

14.5%+0.9 pp

—

ROCE

17.1%

19.2%+2.0 pp

—

NOPAT

4,810

5,275+9.7%

—

Invested capital (operating)

16,773

18,331+9.3%

—

Invested capital (all)

22,919

25,440+11.0%

—

Reinvestment rate

—

29.5%

—

Debtor days

41+0 d

—

Inventory days

252

231−22 d

—

Days payable

36−9 d

—

Income

Sep '25

Dec '25

Mar '26

Jun '26

Revenue

4,742

4,423

4,825

5,463

vs year-ago quarter

Gross profit

2,723

2,472

2,799

3,352

Gross margin

57.4%

55.9%

58.0%

61.4%

Operating income

1,663

1,473

1,808

2,310

Net income

1,364

1,163

1,545

1,980

vs year-ago quarter

Net margin

28.8%

26.3%

32.0%

36.2%

EPS (diluted, $)

1.48

1.27

1.68

2.14

vs year-ago quarter

Balance sheet

Sep '25

Dec '25

Mar '26

Jun '26

Total assets

35,004

34,585

34,393

35,882

Cash & equivalents

3,311

4,881

3,549

3,660

Total debt

14,046

14,048

14,050

14,052

Shareholders’ equity

16,627

16,273

16,778

18,007

Cash flow

Sep '25

Dec '25

Mar '26

Jun '26

Operating cash flow

2,190

2,254

1,520

2,703

Capex

1,197

925

676

514

Free cash flow

993

1,329

844

2,189

vs year-ago quarter