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Texas Instruments TXN Free cash flow margin

Free cash flow margin at other companies

Analog Devices logo
Analog DevicesADI
35.8%+2.3pp
Semtech logo
SemtechSMTC
15.9%+7.7pp
Vicor logo
VicorVICR
18.5%+5.6pp
Microchip Technology logo
Microchip TechnologyMCHP
18.5%+0.9pp
Rambus logo
RambusRMBS
46.5%+7.9pp
ON Semiconductor logo
ON SemiconductorON
19.5%-1.6pp

Other financials

Income statement

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Revenue$4.8B+18.6%
Gross profit$2.8B+21.0%
Operating income$1.8B+36.6%
Net income$1.5B+31.0%
EPS (diluted)$1.68+31.3%

Balance sheet

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Cash & equivalents$3.5B+28.4%
Total debt$14.1B+9.4%
Total equity$16.8B+2.3%
Total assets$34.4B+1.9%

Cash flow

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Operating cash flow$1.5B+79.0%
CapEx$676.0M-39.8%
Free cash flow$844.0M+408%

Valuation

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Market cap$274.74B+8.1%
Enterprise value$285.24B+7.9%
P/E51.2×-1.0×
P/S14.9×-0.9×

Profitability

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Gross margin57.3%-0.7pp
Operating margin35.3%+1.0pp
Net margin29.1%-1.3pp

Returns & leverage

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Return on equity32.3%+3.2pp
Debt / equity0.8×+0.1×
Current ratio4.5×-0.8×

Where this comes from

Calculated from Texas Instruments’s reported figures.

Based on trailing twelve months.

The official record: Texas Instruments’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Texas Instruments's free cash flow margin?
Texas Instruments (TXN) reported free cash flow margin of 20.2% in Q1 2026.
How has Texas Instruments's free cash flow margin changed year-over-year?
Texas Instruments's free cash flow margin increased by 122.6% year-over-year, from 9.1% to 20.2%.
What is the long-term trend for Texas Instruments's free cash flow margin?
Over 4 years (2021 to 2025), Texas Instruments's free cash flow margin has grown at a -26.6% compound annual growth rate (CAGR), from 154.7% to 44.8%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.