Texas Instruments Incorporated

TXNNASDAQ

$282.33

Last price · USD

Market cap: $257.8B
P/E: 51.8x
EV / EBITDA: 32.7x
P/S: 14.6x
FCF yield: 1.0%
Div. yield: 1.94%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Texas Instruments Incorporated balance sheet

Annual · USD millions except per-share data · 44 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	3,225	3,200	2,964	3,050	4,631	-8.6%
Short-term investments	1,656	4,380	5,611	6,017	5,108	-24.5%
Cash & short-term investments	4,881	7,580	8,575	9,067	9,739	-15.9%
Net receivables	1,963	1,719	1,787	1,895	1,701	+3.6%
Accounts receivable	1,963	1,719	1,787	1,895	1,701	+3.6%
Inventory	4,804	4,527	3,999	2,757	1,910	+25.9%
Prepaids	0	0	0	302	335	—
Other current assets	2,102	1,200	761	0	0	—
Total current assets	13,750	15,026	15,122	14,021	13,685	+0.1%
Non-current assets
Property, plant & equipment (net)	12,320	11,347	9,999	6,876	5,141	+24.4%
Goodwill	4,330	4,362	4,362	4,362	4,362	-0.2%
Intangible assets	238	257	223	152	85	+29.4%
Goodwill & intangible assets	4,568	4,619	4,585	4,514	4,447	+0.7%
Tax assets	967	936	757	473	263	+38.5%
Other non-current assets	2,980	3,581	1,885	1,323	1,140	+27.2%
Total non-current assets	20,835	20,483	17,226	13,186	10,991	+17.3%
Total assets	34,585	35,509	32,348	27,207	24,676	+8.8%
Current liabilities
Accounts payable	756	820	802	851	571	+7.3%
Other payables	67	159	172	189	121	-13.7%
Total payables	823	979	974	1,040	692	+4.4%
Short-term debt	619	868	687	575	500	+5.5%
Capital lease obligations (current)	0	0	0	0	82	—
Tax payables	67	159	172	189	121	-13.7%
Other current liabilities	888	957	823	571	1,213	-7.5%
Total current liabilities	3,159	3,643	3,320	2,985	2,569	+5.3%
Non-current liabilities
Long-term debt	14,160	13,509	11,102	8,579	7,241	+18.3%
Capital lease obligations (non-current)	612	663	478	344	383	+12.4%
Deferred tax liabilities (non-current)	66	53	63	66	87	-6.7%
Other non-current liabilities	315	738	488	656	1,063	-26.2%
Total non-current liabilities	15,153	14,963	12,131	9,645	8,774	+14.6%
Capital lease obligations	612	663	478	344	465	+7.1%
Total debt	15,391	15,040	12,267	9,498	8,206	+17.0%
Total liabilities	18,312	18,606	15,451	12,630	11,343	+12.7%
Stockholders' equity
Common stock	1,741	1,741	1,741	1,741	1,741	0.0%
Retained earnings	52,236	52,262	52,283	50,353	45,919	+3.3%
Additional paid-in capital	4,511	3,935	3,362	2,951	2,630	+14.4%
Treasury stock	(42,130)	(40,895)	(40,284)	(40,214)	(36,800)	—
Accumulated other comprehensive income (loss)	(85)	(140)	(205)	(254)	(157)	—
Total stockholders' equity	16,273	16,903	16,897	14,577	13,333	+5.1%
Total equity	16,273	16,903	16,897	14,577	13,333	+5.1%
Total liabilities & equity	34,585	35,509	32,348	27,207	24,676	+8.8%
Additional fields
Accrued Expenses	829	839	836	799	82	+78.3%
Net Debt	12,166	11,840	9,303	6,448	3,575	+35.8%
Total Investments	1,656	4,380	5,611	6,017	5,108	-24.5%

Texas Instruments Incorporated

TXNNASDAQ

$282.33

Last price · USD

Market cap: $257.8B
P/E: 51.8x
EV / EBITDA: 32.7x
P/S: 14.6x
FCF yield: 1.0%
Div. yield: 1.94%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Texas Instruments Incorporated balance sheet

Annual · USD millions except per-share data · 44 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	3,225	3,200	2,964	3,050	4,631	-8.6%
Short-term investments	1,656	4,380	5,611	6,017	5,108	-24.5%
Cash & short-term investments	4,881	7,580	8,575	9,067	9,739	-15.9%
Net receivables	1,963	1,719	1,787	1,895	1,701	+3.6%
Accounts receivable	1,963	1,719	1,787	1,895	1,701	+3.6%
Inventory	4,804	4,527	3,999	2,757	1,910	+25.9%
Prepaids	0	0	0	302	335	—
Other current assets	2,102	1,200	761	0	0	—
Total current assets	13,750	15,026	15,122	14,021	13,685	+0.1%
Non-current assets
Property, plant & equipment (net)	12,320	11,347	9,999	6,876	5,141	+24.4%
Goodwill	4,330	4,362	4,362	4,362	4,362	-0.2%
Intangible assets	238	257	223	152	85	+29.4%
Goodwill & intangible assets	4,568	4,619	4,585	4,514	4,447	+0.7%
Tax assets	967	936	757	473	263	+38.5%
Other non-current assets	2,980	3,581	1,885	1,323	1,140	+27.2%
Total non-current assets	20,835	20,483	17,226	13,186	10,991	+17.3%
Total assets	34,585	35,509	32,348	27,207	24,676	+8.8%
Current liabilities
Accounts payable	756	820	802	851	571	+7.3%
Other payables	67	159	172	189	121	-13.7%
Total payables	823	979	974	1,040	692	+4.4%
Short-term debt	619	868	687	575	500	+5.5%
Capital lease obligations (current)	0	0	0	0	82	—
Tax payables	67	159	172	189	121	-13.7%
Other current liabilities	888	957	823	571	1,213	-7.5%
Total current liabilities	3,159	3,643	3,320	2,985	2,569	+5.3%
Non-current liabilities
Long-term debt	14,160	13,509	11,102	8,579	7,241	+18.3%
Capital lease obligations (non-current)	612	663	478	344	383	+12.4%
Deferred tax liabilities (non-current)	66	53	63	66	87	-6.7%
Other non-current liabilities	315	738	488	656	1,063	-26.2%
Total non-current liabilities	15,153	14,963	12,131	9,645	8,774	+14.6%
Capital lease obligations	612	663	478	344	465	+7.1%
Total debt	15,391	15,040	12,267	9,498	8,206	+17.0%
Total liabilities	18,312	18,606	15,451	12,630	11,343	+12.7%
Stockholders' equity
Common stock	1,741	1,741	1,741	1,741	1,741	0.0%
Retained earnings	52,236	52,262	52,283	50,353	45,919	+3.3%
Additional paid-in capital	4,511	3,935	3,362	2,951	2,630	+14.4%
Treasury stock	(42,130)	(40,895)	(40,284)	(40,214)	(36,800)	—
Accumulated other comprehensive income (loss)	(85)	(140)	(205)	(254)	(157)	—
Total stockholders' equity	16,273	16,903	16,897	14,577	13,333	+5.1%
Total equity	16,273	16,903	16,897	14,577	13,333	+5.1%
Total liabilities & equity	34,585	35,509	32,348	27,207	24,676	+8.8%
Additional fields
Accrued Expenses	829	839	836	799	82	+78.3%
Net Debt	12,166	11,840	9,303	6,448	3,575	+35.8%
Total Investments	1,656	4,380	5,611	6,017	5,108	-24.5%