Texas Instruments TXN

Nasdaq · Semiconductors & Related Devices · $284.5B
$278.15−10.70%Nov 5 close · Databento
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TXN Wire Story Reactions & EOD Technical StudyDaily closes (Databento EOD) pinned with every AlgoThesis Wire story (dot colour = next trading day close) and SEC filing
Nov 5, 2026CLOSE $278.151D −10.70%3M −0.82%SMA20 $291.36SMA50 $278.84RSI(14) 42.9
278.15
RSI (14, Wilder EOD) · 70 Overbought / 30 OversoldRSI 42.9

Data provided by Databento (end of day). Next close = the first close after a story against the close before it; official daily closes only, not a call, not advice.

The numbers

fiscal 2025, as filed with the SEC · 66-metric EOD snapshot via Databento
Market cap$284.5B
EV / True FCF135.4x
Revenue$17.7B +13.0%
True FCF (ex-SBC)$2.2B +73.8%
Rule of 4027.7%
ROIC19.1%
True FCF Yield0.8%
EPS, diluted$5.45 +4.8%
Modern Valuation (EOD)
Market Cap$284.5B
Enterprise Value$295.8B
EV / True FCF135.44
EV / FCF113.63
EV / Gross Profit29.34
EV / EBIT49.11
EV / Sales16.73
P / E (GAAP)56.88
P / FCF109.28
P / Oper. CF39.77
P / Book17.48
Owner & Cash Yields
True FCF Yield0.8%
FCF Yield0.9%
Owner Earn. Yield0.7%
Earnings Yield1.8%
Shareholder Yield+2.1%
Buyback Yield0.5%
Dividend Yield1.98%
Dividend / sh$5.50
Payout Ratio100%
FCF / sh$2.85
EPS (diluted)$5.45
Compounder & Returns
Rule of 4027.7%
ROIC19.1%
Cash ROIC (CROIC)9.4%
GP / Assets29.2%
ROE30.7%
ROA14.5%
Gross Margin57.0%
Oper. Margin34.1%
Net Margin28.3%
FCF Margin14.7%
True FCF Margin12.4%
Quality & Dilution
Cash Conversion52%
Accrual Ratio−6.2%
SBC % of FCF16.1%
SBC % of Rev2.4%
Reinvest. Rate93%
Sales Growth Y/Y+13.0%
Sales 3Y CAGR−4.1%
EPS Growth Y/Y+4.8%
FCF Growth Y/Y+73.8%
FCF 3Y CAGR−24.0%
Share Change Y/Y−0.7%
Balance Sheet & Scale
Revenue (FY)$17.7B
Gross Profit (FY)$10.1B
Oper. Income (FY)$6.0B
GAAP Net Income$5.0B
True FCF (ex-SBC)$2.2B
Cash & Equiv$3.2B
Total Debt$14.5B
Net Cash (Debt)$-11.3B
Net Cash % MCap−4.0%
Debt / FCF (yrs)5.6y
Current Ratio4.35913.77M sh
Price & Technicals (EOD)
Perf Week−11.12%
Perf Month−3.75%
Perf Quarter−2.77%
Perf Half Y−2.49%
Perf YTD+19.02%
SMA 20 Dist−4.53%$291.36
SMA 50 Dist−0.25%$278.84
SMA 100 Dist−1.78%$283.19
Window High−16.29%$332.28
Window Low+19.30%$233.15
RSI (14) · Vol42.954%v
Income Distribution & Cash Flow ConversionHow every dollar of TXN revenue flows through cost of goods, operating expenses, taxes, GAAP net income, and dilution-adjusted free cash flow
REVENUE · 100%$17.7BGROSS PROFIT · 57.0%$10.1BCOST OF REV · 43.0%$7.6BOPER. INCOME · 34.1%$6.0BOPEX · 23.0%R&D $2.1B · SG&A $1.9BNET INCOME · 28.3%$5.0BTAX & OTHER · 5.8%$1.0B
Where Every $100 of Revenue Goes (FY2025)
Cost of Revenue (COGS)$7.6B ($43.0 / $100)
R&D Reinvestment$2.1B ($11.8 / $100)
SG&A & Other OpEx$2.0B ($11.2 / $100)
Tax & Non-Operating$1.0B ($5.8 / $100)
Net Profit Kept$5.0B ($28.3 / $100)
Earnings Quality: GAAP Profit → True Owner Cash (FY2025)
GAAP Net Income$5.0B (28.3% margin)
Operating Cash Flow (OCF)$7.2B(40.5% of rev)
Less: Capital Expenditures−$4.5B(25.7% of rev)
Standard Free Cash Flow (FCF)$2.6B(14.7% margin)
Less: Stock-Based Comp (SBC)−$419.0M(16.1% of FCF)
True FCF (Owner Cash ex-SBC)$2.2B(12.4% of rev)

Operating leverage — margins

GrossOperatingNet
0%40%80%57%34%28%FY21FY22FY23FY24FY25
Unlocked SEC EDGAR Accounting Statements (USD)All 3 statements · Common-size (% of Revenue / Assets) · YoY growth · Tap any core row to explain
Line Item (USD)FY2021FY2022FY2023FY2024FY2025YoY Δ4Y CAGRTrend
Income Statement
Cost of Revenue (COGS)$6.0B$6.3B$6.5B$6.5B$7.6B+16.1%+6.2%
Research & Development (R&D)$1.6B$1.7B$1.9B$2.0B$2.1B+6.3%+7.6%
Selling, General & Admin (SG&A)$1.7B$1.7B$1.8B$1.8B$1.9B+3.7%+2.8%
Total Operating Expenses$3.4B$3.6B$3.7B$3.6B$4.1B+11.9%+4.4%
Income Tax Expense$1.1B$1.3B$908.0M$654.0M$709.0M+8.4%−11.4%
Diluted Shares936.0M926.0M916.0M919.0M913.0M−0.7%−0.6%
Balance Sheet
Cash & Equivalents$4.6B$3.0B$3.0B$3.2B$3.2B+0.8%−8.6%
Inventory$1.9B$2.8B$4.0B$4.5B$4.8B+6.1%+25.9%
Total Current Assets$13.7B$14.0B$15.1B$15.0B$13.8B−8.5%+0.1%
Total Assets$24.7B$27.2B$32.3B$35.5B$34.6B−2.6%+8.8%
Total Current Liabilities$2.6B$3.0B$3.3B$3.6B$3.2B−13.3%+5.3%
Total Debt (Short + Long Term)$8.2B$9.2B$11.8B$14.3B$14.5B+1.4%+15.3%
Total Liabilities$11.3B$12.6B$15.5B$18.6B$18.3B−1.6%+12.7%
Stockholders' Equity$13.3B$14.6B$16.9B$16.9B$16.3B−3.7%+5.1%
Net Cash / (Net Debt)$-3.6B$-6.2B$-8.9B$-11.1B$-11.3B−1.6%—
Invested Capital$16.9B$20.8B$25.8B$28.0B$27.6B−1.6%+13.0%
Cash Flow & Capital Allocation
Depreciation & Amortization (D&A)$755.0M$925.0M$1.2B$1.5B$1.9B+27.2%+26.2%
Stock-Based Compensation (SBC)$230.0M$289.0M$362.0M$387.0M$419.0M+8.3%+16.2%
Capital Expenditures (CapEx)$2.5B$2.8B$5.1B$4.8B$4.5B−5.6%+16.6%
True FCF (ex-SBC Owner Cash)$6.1B$5.6B$987.0M$1.1B$2.2B+96.6%−22.5%
Share Repurchases (Buybacks)$527.0M$3.6B$293.0M$929.0M$1.5B+59.0%+29.4%
Dividends Paid$3.9B$4.3B$4.6B$4.8B$5.0B+4.3%+6.5%

Fundamentals, income distribution and multi-year statements from SEC EDGAR filings (public domain). Valuation multiples, performance and technicals computed from Databento 1D EOD closes. For information only, not investment advice.

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