TXN Financials Texas Instruments

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 30 h ago Overview →

Growth & profitability

Revenue has grown 4.1% per year over the past 5 years.
Net income has grown slower than revenue (-2.2% vs 4.1% per year).
Operating margin has contracted, at 34.1% in the latest year.
Free cash flow has declined 13.9% per year over the past 5 years.

Financial health

Total debt ($14.0B) exceeds cash ($3.2B); net debt is $10.8B.
Total debt has grown faster than revenue (15.6% vs 4.1% per year).
Operating income covered interest expense 11× in the latest year, down from 31× 5 years ago.
Total debt is 2.3× EBITDA.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 100.0% of earnings and 192.0% of free cash flow.
The dividend has grown 7.8% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

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	FCF	Total debt	Cash
2025	$17.7B	$5.0B	57.0%	34.1%	$2.6B	$14.0B	$3.2B
2024	$15.6B	$4.8B	58.1%	34.9%	$1.5B	$13.6B	$3.2B
2023	$17.5B	$6.5B	62.9%	41.8%	$1.3B	$11.2B	$3.0B
2022	$20.0B	$8.7B	68.8%	50.6%	$5.9B	$8.7B	$3.0B
2021	$18.3B	$7.8B	67.5%	48.8%	$6.3B	$7.7B	$4.6B
2020	$14.5B	$5.6B	64.1%	40.8%	$5.5B	$6.8B	$3.1B
2019	$14.4B	$5.0B	63.7%	39.8%	$5.8B	$5.8B	$2.4B
2018	$15.8B	$5.6B	65.1%	42.5%	$6.1B	$5.1B	$2.4B
2017	$15.0B	$3.7B	64.3%	40.7%	$4.7B	$4.1B	$1.7B
2016	$13.4B	$3.6B	61.8%	36.3%	$4.1B	$3.6B	$1.2B
2015	—	$3.0B	—	—	—	$4.1B	$1.0B
2014	—	$2.8B	—	—	—	$4.6B	$1.2B
2013	—	$2.2B	—	—	—	$5.2B	$1.6B
2012	—	$1.8B	—	—	—	$4.2B	$1.4B
2011	—	$2.2B	—	—	—	$5.2B	$992M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

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	FCF	Total debt	Cash
Mar '26	$4.8B	$1.5B	58.0%	37.5%	$844M	$14.1B	$3.5B
Dec '25	$4.4B	$1.2B	55.9%	33.3%	$1.3B	$14.0B	$3.2B
Sep '25	$4.7B	$1.4B	57.4%	35.1%	$993M	$14.0B	$3.3B
Jun '25	$4.4B	$1.3B	57.9%	35.1%	$555M	$14.0B	$3.0B
Mar '25	$4.1B	$1.2B	56.8%	32.5%	-$274M	$12.8B	$2.8B
Dec '24	$4.0B	$1.2B	57.7%	34.4%	$806M	$13.6B	$3.2B
Sep '24	$4.2B	$1.4B	59.6%	37.4%	$416M	$13.9B	$2.6B
Jun '24	$3.8B	$1.1B	57.8%	32.7%	$507M	$13.9B	$2.7B
Mar '24	$3.7B	$1.1B	57.2%	35.1%	-$231M	$14.2B	$2.5B
Dec '23	$4.1B	$1.4B	59.6%	37.6%	$776M	$11.2B	$3.0B
Sep '23	$4.5B	$1.7B	62.1%	41.7%	$442M	$11.2B	$2.6B
Jun '23	$4.5B	$1.7B	64.2%	43.5%	-$47M	$11.2B	$3.4B
Mar '23	$4.4B	$1.7B	65.4%	44.2%	$178M	$10.1B	$4.5B
Dec '22	$4.7B	$2.0B	66.1%	46.6%	$1.1B	$8.7B	$3.0B
Sep '22	$5.2B	$2.3B	69.0%	51.1%	$2.0B	$7.9B	$3.2B
Jun '22	$5.2B	$2.3B	69.6%	52.2%	$1.2B	$7.2B	$3.8B
Mar '22	$4.9B	$2.2B	70.2%	52.3%	$1.7B	$7.7B	$3.5B
Dec '21	$4.8B	$2.1B	69.3%	51.8%	$1.1B	$7.7B	$4.6B
Sep '21	$4.6B	$1.9B	67.9%	49.6%	$1.9B	$7.7B	$5.7B
Jun '21	$4.6B	$1.9B	67.2%	48.3%	$1.7B	$6.3B	$3.6B

Valuation over time

How the market has priced TXN 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 19.3× (Mar '23) to 56.7× (Jun '26).
The price-to-sales ratio has risen from 8.5× (Mar '23) to 16.0× (Jun '26).
The dividend yield has fallen from 2.5% (Mar '23) to 1.8% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is TXN growing its revenue and profit?

Over the past 5 years, Texas Instruments's revenue has grown 4.1% per year, and net income declined 2.2% per year. These are computed facts, not advice.

How much debt does TXN have?

As of FY2025, Texas Instruments reported $14.0B of total debt against $3.2B of cash; operating income covered interest expense 11×.

What is TXN's profit margin?

In FY2025, gross margin was 57.0%, operating margin 34.1%, and net margin 28.3%.

What is TXN's P/E ratio?

As of Jun '26, Texas Instruments traded at a price-to-earnings ratio of about 56.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. 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), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.