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
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
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
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '24
$351M
$53M
24.8%
15.7%
—
1.8%
—
$127M
$265M
Jun '23
$357M
$51M
24.2%
14.1%
—
2.0%
—
$179M
$318M
Jun '22
$426M
$58M
26.4%
16.6%
3.4%
2.5%
—
$201M
$211M
Jun '21
$362M
$31M
20.4%
9.4%
2.0%
1.4%
—
$235M
$216M
Jun '20
$310M
$19M
18.6%
7.1%
1.4%
0.9%
—
$220M
$259M
Jun '19
$306M
$21M
17.4%
5.8%
1.6%
1.1%
—
—
$405M
Jun '18
$335M
$38M
23.4%
13.2%
3.4%
2.1%
—
—
$487M
Jun '17
$345M
$50M
26.4%
16.6%
4.9%
3.3%
—
—
$484M
Jun '16
—
$38M
—
—
6.9%
3.0%
—
—
$311M
Jun '15
—
$8M
—
—
2.6%
0.9%
—
—
$143M
Jun '14
—
-$16M
—
—
-8.2%
-1.6%
—
—
$192M
Jun '13
—
-$23M
—
—
-12.4%
-3.0%
—
—
$107M
Jun '12
—
-$9M
—
—
-6.2%
-1.0%
—
—
$139M
Jun '11
—
$2M
—
—
—
—
—
—
$76M
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.
The price-to-earnings ratio has risen from 18.1× (Mar '23) to 83.2× (Nov '26).
The price-to-sales ratio has risen from 2.8× (Mar '23) to 11.7× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
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.