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Texas Instruments TXN Return on invested capital

Return on invested capital at other companies

Analog Devices logo
Analog DevicesADI
8.7%+3.7pp
Semtech logo
SemtechSMTC
9.4%+0.9pp
Vicor logo
VicorVICR
30.5%+25.5pp
Microchip Technology logo
Microchip TechnologyMCHP
3.4%
Rambus logo
RambusRMBS
18%-1.5pp
ON Semiconductor logo
ON SemiconductorON
6.9%-0.5pp

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 return on invested capital?
Texas Instruments (TXN) reported return on invested capital of 21.1% in Q1 2026.
How has Texas Instruments's return on invested capital changed year-over-year?
Texas Instruments's return on invested capital increased by 18.2% year-over-year, from 17.9% to 21.1%.
What is the long-term trend for Texas Instruments's return on invested capital?
Over 4 years (2021 to 2025), Texas Instruments's return on invested capital has grown at a -22.8% compound annual growth rate (CAGR), from 208.6% to 74.1%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.