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TEXAS INSTRUMENTS INC TXN

Nasdaq · stock · Semiconductors & Related Devices · website · IPO 1953-10-01 · LEI

TEXAS INSTRUMENTS INC statistics & valuation

Market cap$259.8B
P / E51.9×
P / S14.7×
P / B16.0×
P / FCF99.8×
Dividend yield1.92%
Net margin28.3%
Return on equity30.7%
FCF margin14.7%
Net debt$10.8B
Net debt / EBITDA1.4×
Enterprise value USD$270.6B
EV / EBITDA34.1×
Earnings yield EBIT/EV2.2%
Return on capital19.2%
Graham number -83.1%$46.75

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($46.75); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
26.90% 24.60% 35.40% 34.90% 38.70% 42.40% 43.70% 37.20% 30.70% 28.30% 2016201720182019202020212022202320242025
Gross margin (%)
61.80% 64.30% 65.10% 63.70% 64.10% 67.50% 68.80% 62.90% 58.10% 57.00% 2016201720182019202020212022202320242025
Operating margin (%)
36.30% 40.70% 42.50% 39.80% 40.80% 48.80% 50.60% 41.80% 34.90% 34.10% 2016201720182019202020212022202320242025
Return on equity (%)
34.30% 35.60% 62.00% 56.30% 60.90% 58.30% 60.00% 38.50% 28.40% 30.70% 2016201720182019202020212022202320242025
Shares outstanding
1.02B 1.01B 990.0M 952.0M 933.0M 936.0M 926.0M 916.0M 919.0M 913.0M 2016201720182019202020212022202320242025
Net debt ($)
$2.46B $2.42B $2.63B $3.37B $3.69B $3.11B $5.68B $8.26B $10.40B $10.82B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
21.90% 20.90% 32.60% 27.80% 28.90% 31.50% 32.20% 20.10% 13.50% 14.50% 2016201720182019202020212022202320242025
Free cash flow margin (%)
30.50% 31.20% 38.40% 40.30% 38.00% 34.30% 29.60% 7.70% 9.60% 14.70% 2016201720182019202020212022202320242025
Debt / equity (×)
0.34× 0.39× 0.56× 0.65× 0.74× 0.58× 0.60× 0.66× 0.80× 0.86× 2016201720182019202020212022202320242025
EPS ($)
$3.48 $3.61 $5.59 $5.24 $5.97 $8.26 $9.41 $7.07 $5.20 $5.45 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

TEXAS INSTRUMENTS INC trades at about 50.8× earnings — above its 10-year norm (10-year range 18×–39.6×, median 23×).

18× 50.8×

Shaded band = 10-year range (18×–39.6×); dot = today's 50.8×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin57.0%58.1%62.9%68.8%67.5%64.1%63.7%65.1%64.3%61.8%
Operating margin34.1%34.9%41.8%50.6%48.8%40.8%39.8%42.5%40.7%36.3%
Net margin28.3%30.7%37.2%43.7%42.4%38.7%34.9%35.4%24.6%26.9%
FCF margin14.7%9.6%7.7%29.6%34.3%38.0%40.3%38.4%31.2%30.5%
Return on assets14.5%13.5%20.1%32.2%31.5%28.9%27.8%32.6%20.9%21.9%
Return on equity30.7%28.4%38.5%60.0%58.3%60.9%56.3%62.0%35.6%34.3%
Debt / equity0.86×0.80×0.66×0.60×0.58×0.74×0.65×0.56×0.39×0.34×
Current ratio4.354.124.554.705.334.284.133.273.873.29

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.