Texas InstrumentsTXNRevenue: is the business selling more than it used to?
$17.7B+13% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Revenue reached $17.7B in 2025, compounding -4% a year since 2022 though the pace has cooled. The trailing twelve months are already running at $19.5B, ahead of the last full year.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Texas InstrumentsTXNNet income: how much of that revenue becomes profit?
$5.0B+4% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Net income was $5.0B in 2025, compounding -17% a year over three years. Trailing twelve-month profit stands at $6.1B.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Texas InstrumentsTXNHow fast is it growing, year by year?
+13.0%revenue growth, FY 2025
→Revenue grew +13% in 2025 against a five-year average of +5%. Earnings grew more slowly (+4%), so costs are absorbing part of the growth.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Texas InstrumentsTXNRevenue per share: is your slice growing as fast as the company?
$19.37revenue per share, FY 2025
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→Revenue per share reached $19.37 in 2025, compounding -4% a year - in line with TXN's own -4%, so the share count is not distorting your slice. Free cash flow per share stands at $2.85.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Texas InstrumentsTXNFree cash flow: what is left in real cash after everything?
$2.6B+74% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Free cash flow was $2.6B in 2025, compounding -24% a year since 2022. The trailing twelve months stand at $5.4B.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Texas InstrumentsTXNWhere does each dollar of revenue actually go?
→Of $17.7B in 2025 sales, $5.0B reaches net profit - 28 cents on the dollar. The largest single deduction is producing the product ($7.6B).
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Texas InstrumentsTXNHow much of every sales dollar ends up as free cash?
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→15 cents of every sales dollar became free cash in 2025, down 15 points since 2022.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Texas InstrumentsTXNWhat does staying competitive cost, per dollar of sales?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→The biggest claim on each sales dollar is capital spending, at 26% of revenue (research and development 12%, stock compensation 2%). That share has risen since 2022, so the cost of competing is climbing.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Texas InstrumentsTXNWhen sales grow, do profits grow faster?
→Operating profit outgrew revenue in only 2 of the last 5 years. Costs are growing roughly in step with the business, so scale isn't yet paying for itself.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Texas InstrumentsTXNMargins: of every $1 of sales, how much survives each cost layer?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→Operating margin compressed 17 points to 34% since 2022. After everything, 28 cents of each sales dollar reaches net profit.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Texas InstrumentsTXNWhat does it earn on the money it uses?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→ROE of 34% sits well above ROCE of 19%. A meaningful share of the shareholder return is manufactured with leverage rather than operations.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Texas InstrumentsTXNWhat has the market paid for TXN over time?
39.0xP/E today
◌ 2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages
→At 39.0x earnings, the market is paying +116% more than TXN's own 11-year median of 18.0x. Expectations are elevated, so more has to go right to justify the price. Today's multiple is the highest in the charted history.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Texas InstrumentsTXNWhat cash return does the business throw off per dollar of market value?
2.3%FCF yield today
◌ 2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages
→Every dollar of market value currently buys 2.3% of annual free cash flow, less than its 11-year median of 5.3% - you are paying up for the same cash.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Texas InstrumentsTXNCould it handle its debt if things went wrong?
→Debt of $14.1B sits against $3.7B of cash, or 0.8x shareholders' equity.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Texas InstrumentsTXNIs the company's own capital growing?
→The company's own capital grew from $16.9B in 2023 to $18.0B (+7%). The business is building book value rather than consuming it.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Texas InstrumentsTXNHow much goes back, and how much leaks out as stock comp?
→Shareholders received $1.5B in buybacks and $5.0B in dividends in 2025. Stock compensation issued $419M of new shares in the same year, offsetting 6% of that.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Texas InstrumentsTXNHow fast is your ownership being diluted - or concentrated?
→The share count shrank 0.7% in 2025, averaging 0.5% a year over three years. Buybacks are concentrating your ownership: the same business, split fewer ways.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Texas InstrumentsTXNIs the dividend cheque growing?
→The dividend per share reached $5.48 in 2025, compounding +8% a year since 2020.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Texas InstrumentsTXNCan it afford the dividend?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→The dividend consumed 100% of profit and 192% of free cash flow in 2025. That is a thin cushion: a bad year would put the payment under real pressure.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Texas InstrumentsTXNDoes TXN earn more on its capital than that capital costs?
→TXN earns 19.2% on the capital it employs, comfortably above the 10% most investors treat as the cost of capital. It was 41.9% in 2022, so the trend is down, though the pace has cooled.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Texas InstrumentsTXNTXN has issued or retired shares - did shareholders end up better off?
→TXN has shrunk its share count -22% from 2011 to 2025, so each remaining share owns more of the business. Revenue per share is +65% over the same years.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Texas InstrumentsTXNAre the people running it buying or selling?
→Insiders sold $117M on the open market and bought nothing. Many sales are pre-scheduled diversification rather than a view on the price. A further 28 filings were grants, option exercises or tax withholding, which say nothing either way.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30