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TSEM Financials Tower Semiconductor Ltd

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 4.4% per year over the past 5 years.
  • Net income has grown faster than revenue (21.8% vs 4.4% per year).
  • Operating margin has expanded, at 12.4% in the latest year.

Financial health

  • The company holds more cash ($235M) than total debt ($133M).
  • Total debt has grown slower than revenue (-14.0% vs 4.4% per year).
  • Operating income covered interest expense 53× in the latest year, up from 13× 5 years ago.
  • Total debt is 0.3× EBITDA.
Revenue & net income
-$108M $785M $2B $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-11% 14% 38% 0% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-76% -23% 30% 0% 2011 2013 2015 2017 2019 2021 2023 2025
ROEROA
Free cash flow (CFO − capex)
-$49M $92M $232M $0 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $223M $446M 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$721M -$22M $677M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 $1.6B $220M 23.2% 12.4% 7.6% 6.6% -$49M $133M $235M
2024 $1.4B $208M 23.6% 13.3% 7.8% 6.7% $13M $132M $272M
2023 $1.4B $518M 24.8% 38.5% 21.3% 17.8% $232M $173M $261M
2022 $1.7B $265M 27.8% 18.6% 14.0% 10.4% $163M $210M $341M
2021 $1.5B $150M 21.8% 11.0% 9.2% 6.7% $107M $231M $211M
2020 $1.3B $82M 18.4% 7.2% 5.6% 3.9% -$37M $284M $212M
2019 $1.2B $90M 18.6% 7.0% 6.6% 4.7% $100M $246M $356M
2018 $1.3B $136M 22.5% 11.9% 10.9% 7.6% $103M — $385M
2017 $1.4B $298M 25.5% 15.8% 28.9% 17.8% $168M — $446M
2016 $1.2B $204M 24.3% 14.0% 29.9% 14.8% $110M — $355M
2015 — -$30M — — -7.7% -3.1% -$2M — $176M
2014 — $4M — — 2.2% 0.5% — — $187M
2013 — -$108M — — -76.2% -15.3% — — $113M
2012 $639M -$70M 12.3% -0.4% -31.9% -8.6% -$9M — $123M
2011 $611M -$19M 13.9% 1.7% -10.6% -2.2% -$9M — $101M

Valuation over time

How the market has priced TSEM against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 66.5 133.1 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 9.4 18.7 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S

Frequently asked questions

Is TSEM growing its revenue and profit?

Over the past 5 years, Tower Semiconductor Ltd's revenue has grown 4.4% per year, and net income grown 21.8% per year. These are computed facts, not advice.

How much debt does TSEM have?

As of FY2025, Tower Semiconductor Ltd reported $133M of total debt against $235M of cash; operating income covered interest expense 53×.

What is TSEM's profit margin?

In FY2025, gross margin was 23.2%, operating margin 12.4%, and net margin 14.1%.

What is TSEM's P/E ratio?

Tower Semiconductor Ltd's P/E (TTM) is 83.24 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the TSEM stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 83.2× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.