Revenue vs Net income
Reported dollars from 10-Q / 10-K filings. Q4 bars are derived (annual less nine months) where the 10-K does not tag Q4 separately.
Margin trend
Gross, operating and net margin. Margins are derived from reported dollars.
Revenue YoY growth
Year-over-year change vs the same quarter (or fiscal year) a year earlier. Shown where the prior-year period is in the 8-quarter snapshot (latest four quarters).
Income statement
From 10-Q / 10-K XBRL. Values in reported dollars; EPS in $/share; share counts in shares.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $18.3B | $20.0B | $17.5B | $15.6B | $17.7B |
| YoY | — | +9.2% | -12.5% | -10.7% | +13.0% |
| Cost of goods sold | $6.0B | $6.3B | $6.5B | $6.5B | $7.6B |
| YoY | — | +4.8% | +3.9% | +0.7% | +16.1% |
| Gross profit | $12.4B | $13.8B | $11.0B | $9.1B | $10.1B |
| YoY | — | +11.3% | -20.0% | -17.5% | +10.9% |
| Research & development | $1.6B | $1.7B | $1.9B | $2.0B | $2.1B |
| YoY | — | +7.5% | +11.6% | +5.2% | +6.3% |
| Selling, general & administrative | $1.7B | $1.7B | $1.8B | $1.8B | $1.9B |
| YoY | — | +2.3% | +7.1% | -1.7% | +3.7% |
| Operating income | $9.0B | $10.1B | $7.3B | $5.5B | $6.0B |
| YoY | — | +13.2% | -27.7% | -25.5% | +10.2% |
| Pretax income | $8.9B | $10.0B | $7.4B | $5.5B | $5.7B |
| YoY | — | +12.5% | -26.1% | -26.5% | +4.7% |
| Income tax | $1.1B | $1.3B | $908.0M | $654.0M | $709.0M |
| YoY | — | +11.6% | -29.2% | -28.0% | +8.4% |
| Net income | $7.8B | $8.7B | $6.5B | $4.8B | $5.0B |
| YoY | — | +12.6% | -25.6% | -26.3% | +4.2% |
| EPS — basic | $8.38 | $9.51 | $7.13 | $5.24 | $5.47 |
| YoY | — | +13.5% | -25.0% | -26.5% | +4.4% |
| EPS — diluted | $8.26 | $9.41 | $7.07 | $5.20 | $5.45 |
| YoY | — | +13.9% | -24.9% | -26.4% | +4.8% |
| Weighted shares — basic | 923.0M | 916.0M | 908.0M | 912.0M | 909.0M |
| Weighted shares — diluted | 936.0M | 926.0M | 916.0M | 919.0M | 913.0M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $4.6B | $3.0B | $3.0B | $3.2B | $3.2B |
| YoY | — | -34.1% | -2.8% | +8.0% | +0.8% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $1.7B | $1.9B | $1.8B | $1.7B | $2.0B |
| YoY | — | +11.4% | -5.7% | -3.8% | +14.2% |
| Inventory | $1.9B | $2.8B | $4.0B | $4.5B | $4.8B |
| YoY | — | +44.3% | +45.0% | +13.2% | +6.1% |
| Total current assets | $13.7B | $14.0B | $15.1B | $15.0B | $13.8B |
| YoY | — | +2.5% | +7.9% | -0.6% | -8.5% |
| Total assets | $24.7B | $27.2B | $32.3B | $35.5B | $34.6B |
| YoY | — | +10.3% | +18.9% | +9.8% | -2.6% |
| Total current liabilities | $2.6B | $3.0B | $3.3B | $3.6B | $3.2B |
| YoY | — | +16.2% | +11.2% | +9.7% | -13.3% |
| Total liabilities | $11.3B | $12.6B | $15.5B | $18.6B | $18.3B |
| YoY | — | +11.3% | +22.3% | +20.4% | -1.6% |
| Total equity | $13.3B | $14.6B | $16.9B | $16.9B | $16.3B |
| YoY | — | +9.3% | +15.9% | +0.0% | -3.7% |
| Shares outstanding | — | — | — | — | — |
| YoY | — | — | — | — | — |
Cash flow
Quarterly values derived from year-to-date filings (Q4 from the 10-K). Free cash flow = operating cash flow − capital expenditures.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Operating cash flow | $8.8B | $8.7B | $6.4B | $6.3B | $7.2B |
| YoY | — | -0.4% | -26.4% | -1.6% | +13.2% |
| Capital expenditures | $2.5B | $2.8B | $5.1B | $4.8B | $4.5B |
| YoY | — | +13.6% | +81.3% | -4.9% | -5.6% |
| Free cash flow | $6.3B | $5.9B | $1.3B | $1.5B | $2.6B |
| YoY | — | -5.9% | -77.2% | +11.0% | +73.8% |
| Dividends paid | $3.9B | $4.3B | $4.6B | $4.8B | $5.0B |
| YoY | — | +10.6% | +6.1% | +5.2% | +4.3% |
| Share repurchases | $527.0M | $3.6B | $293.0M | $929.0M | $1.5B |
| YoY | — | +586.0% | -91.9% | +217.1% | +59.0% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | 67.5% | 68.8% | 62.9% | 58.1% | 57.0% |
| Operating margin | 48.8% | 50.6% | 41.8% | 34.9% | 34.1% |
| Net margin | 42.4% | 43.7% | 37.2% | 30.7% | 28.3% |
| Free cash flow margin | 34.3% | 29.6% | 7.7% | 9.6% | 14.7% |
| Effective tax rate | 12.9% | 12.8% | 12.2% | 12.0% | 12.4% |
| Current ratio | 5.33x | 4.70x | 4.55x | 4.12x | 4.35x |
| Total liabilities / equity | 0.85x | 0.87x | 0.91x | 1.10x | 1.13x |
Peer comparison — latest full year
Same sector (Information Technology), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| TXN FY25 · this stock | $17.7B | +13.0% | 57.0% | 34.1% | 28.3% | 14.7% |
| AAPL FY25 | $416.2B | +6.4% | 46.9% | 32.0% | 26.9% | 23.7% |
| MSFT FY26 | $331.8B | +17.8% | 67.9% | 46.8% | 40.3% | 20.2% |
| NVDA FY26 | $215.9B | +65.5% | 71.1% | 60.4% | 55.6% | — |
| MU FY26 | $133.2B | +256.3% | 80.7% | 74.6% | 63.8% | 44.3% |
| IBM FY25 | $67.5B | +7.6% | 58.2% | — | 15.7% | 17.9% |
| ORCL FY26 | $67.4B | +17.3% | — | 30.6% | 25.4% | -35.2% |
| CSCO FY26 | $63.3B | +11.8% | 64.5% | 24.3% | 21.0% | 20.2% |
| INTC FY25 | $52.9B | -0.5% | 34.8% | -4.2% | -0.5% | -9.4% |
| AVGO FY24 | $51.6B | +44.0% | 63.0% | 26.1% | — | 37.6% |
| QCOM FY25 | $44.3B | +13.7% | — | 27.9% | 12.5% | — |
Source: SEC EDGAR XBRL company facts (10-Q / 10-K), snapshot generated 2026-11-03 for 218 tickers. Q4 values are derived as the 10-K annual less the first nine months, since Q4 is not separately tagged in company facts; cash-flow quarterly values are derived from year-to-date filings the same way. Free cash flow = operating cash flow − capital expenditures. Blank cells mean the filing does not report that line item under a standard US-GAAP tag — nothing is estimated or filled in. Descriptive research, not investment advice. How EarnIQ builds fundamentals.