Dallas-based Texas Instruments generates over 95% of its revenue from semiconductors and the remainder from its well-known calculators. Texas Instruments is the world's largest maker of analog chips, which are used to process real-world signals such as sound and power.
It is a $260B technology company. Revenue grew 16.7% over the last year, it keeps 31¢ of every dollar of sales as profit, and its net debt equals ~1.6 years of free cash flow. It trades at 42.8× earnings — near the highest of its own history.
- Website
- ti.com
- Location
- Dallas, TX
- Employees
- 33 000
- Sector
- Technology
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong profitability, quality and moat; Valuation and Growth lag behind.
Valuation15
- P/E vs own history94th pct · 0/25
- FCF yield2.1% · 5/25
- P/S13.3x · 5/25
- EV/EBITDA28.7x · 5/25
Growth25
- Revenue CAGR-0.9% · 0/25
- Net income CAGR-10.4% · 0/25
- EPS CAGR ~5Y-1.8% · 0/25
- Fwd implied growth54.0% · 25/25
Profitability95
- ROIC20.1% · 20/25
- ROE35.8% · 25/25
- Net margin31.1% · 25/25
- Operating margin37.3% · 25/25
Health62
- Altman Zn/a · 0/25
- Current ratio4.86 · 25/25
- Interest coverage11.5x · 25/25
- Net cash / debtD/A 25% · 12/25
Quality89
- Piotroski F7/9 · 22/25
- Beneish M-2.86 · 25/25
- FCF conversion88% · 22/25
- Margin stabilityσ 5.9% · 20/25
Moat100
- ROIC >12% years10/10 yrs · 25/25
- Median gross margin63.9% · 25/25
- FCF-positive years10/10 yrs · 25/25
- Worst-year net marginworst 24.6% · 25/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2022FinancialBest year on record$8.75B net income
- FY2019FinancialBecame debt-freecash now exceeds total debt
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $10B$13.4B in first reported year
- FY2016FinancialPositive free cash flow every year since10-year streak
- 1981ProductIt started development in 1981, and was released in March 1983 for US$249
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (58.3%)
- Strongly profitable — 31.1% net margin
- Revenue growing 16.7% year over year
- Strong cash conversion — FCF is 27.5% of revenue
- Interest covered 11.5× by operating earnings
Watch-outs
Nothing stands out as a concern in the available data.
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+16.7% YoY
- Profitable — makes more than it spends$6.05B TTM
- Profit growing — earnings are higher than last year-16.6% YoY
- Generates cash — cash left after running and investing$5.36B TTM
- Debt under control — could handle its obligations~1.6y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$260B market cap
- Not printing shares — share count not ballooning — you keep your slice-2.1% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distresshealth score 50/100
- Pays a dividend — returns cash to shareholdersyield 1.97%
- Valuation not extreme — price not wildly above earningsP/E 42.8
Peer comparisonTexas Instruments Incorporated vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| TXN this company | $259.6B | 42.8 | +16.7% | 31.1% | Mixed |
| NVDA Nvidia Corp | $5.5T | 28.6 | +83.4% | 63.7% | Mixed |
| AAPL Apple Inc. | $4.9T | 38.1 | +14.2% | 27.6% | Strong |
| GOOGL Alphabet Inc. | $4.3T | 17.6 | +20.1% | 54.8% | Mixed |
| MSFT Microsoft Corp | $4.0T | 29.7 | +17.8% | 40.3% | Strong |
| SPCX Space Exploration Technologies Corp. | $2.1T | — | +33.2% | -34.0% | Strained |
| META Meta Platforms, Inc. | $1.8T | 26.9 | +27.7% | 29.8% | Mixed |
Head-to-head: TXN vs NVDA · TXN vs AAPL · TXN vs GOOGL
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/TXN
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of TXN on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $284.30 · market cap $260B.