Return on Assets (ROA)
since 2005
Calculation
Texas Instruments Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2025 | 14.46% | = | 100 | × | 5,001) | ÷ | 34,585) |
| Dec 31, 2024 | 13.51% | = | 100 | × | 4,799) | ÷ | 35,509) |
| Dec 31, 2023 | 20.12% | = | 100 | × | 6,510) | ÷ | 32,348) |
| Dec 31, 2022 | 32.16% | = | 100 | × | 8,749) | ÷ | 27,207) |
| Dec 31, 2021 | 31.48% | = | 100 | × | 7,769) | ÷ | 24,676) |
| Dec 31, 2020 | 28.91% | = | 100 | × | 5,595) | ÷ | 19,351) |
| Dec 31, 2019 | 27.84% | = | 100 | × | 5,017) | ÷ | 18,018) |
| Dec 31, 2018 | 32.56% | = | 100 | × | 5,580) | ÷ | 17,137) |
| Dec 31, 2017 | 20.87% | = | 100 | × | 3,682) | ÷ | 17,642) |
| Dec 31, 2016 | 21.88% | = | 100 | × | 3,595) | ÷ | 16,431) |
| Dec 31, 2015 | 18.40% | = | 100 | × | 2,986) | ÷ | 16,230) |
| Dec 31, 2014 | 15.92% | = | 100 | × | 2,821) | ÷ | 17,722) |
| Dec 31, 2013 | 11.42% | = | 100 | × | 2,162) | ÷ | 18,938) |
| Dec 31, 2012 | 8.79% | = | 100 | × | 1,759) | ÷ | 20,021) |
| Dec 31, 2011 | 10.91% | = | 100 | × | 2,236) | ÷ | 20,497) |
| Dec 31, 2010 | 24.09% | = | 100 | × | 3,228) | ÷ | 13,401) |
| Dec 31, 2009 | 12.13% | = | 100 | × | 1,470) | ÷ | 12,119) |
| Dec 31, 2008 | 16.10% | = | 100 | × | 1,920) | ÷ | 11,923) |
| Dec 31, 2007 | 20.98% | = | 100 | × | 2,657) | ÷ | 12,667) |
| Dec 31, 2006 | 31.16% | = | 100 | × | 4,341) | ÷ | 13,930) |
| Dec 31, 2005 | 15.43% | = | 100 | × | 2,324) | ÷ | 15,063) |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The Return on Assets (ROA) for the period examined demonstrates significant fluctuation, generally trending upwards over the long term but with notable periods of decline. Initial values show a substantial increase from 2005 to 2006, followed by a period of moderation and then renewed growth. More recent years exhibit a degree of volatility, with a peak in 2018 and a subsequent decrease before stabilizing.
- Overall Trend
- From 2005 to 2025, the ROA generally increased, despite intermediate declines. The initial ROA of 15.43% in 2005 rose to a high of 32.56% in 2018, before decreasing to 14.46% in 2025. This suggests improving asset utilization efficiency over the period, punctuated by periods of less effective performance.
- Early Growth Phase (2005-2006)
- A dramatic increase in ROA is observed between 2005 and 2006, moving from 15.43% to 31.16%. This substantial improvement suggests a significant enhancement in profitability relative to the asset base during this period. The increase is more than double the previous year’s value.
- Mid-Period Moderation (2007-2010)
- Following the peak in 2006, the ROA experienced a period of moderation, decreasing to 20.98% in 2007, 16.10% in 2008, and reaching a low of 12.13% in 2009. This suggests a potential slowdown in profitability or an increase in the asset base without a corresponding increase in net income. However, a strong recovery occurred in 2010, with the ROA rising to 24.09%.
- Recent Volatility (2015-2025)
- The period from 2015 to 2025 demonstrates increased volatility in ROA. The ratio increased steadily from 18.40% in 2015 to a peak of 32.56% in 2018. A subsequent decline occurred, falling to 20.12% in 2022, before a further decrease to 14.46% in 2025. This suggests a greater sensitivity to changes in net income and/or total assets in recent years. The decline from 2018 to 2025 warrants further investigation.
- Correlation with Net Income and Total Assets
- The fluctuations in ROA appear to correlate with changes in both net income and total assets. Periods of increasing ROA generally coincide with increases in net income, while periods of decreasing ROA may be attributable to either declining net income or increasing total assets, or a combination of both. The substantial increase in total assets between 2020 and 2023, coupled with a decrease in ROA from 2022 to 2023, suggests that asset growth may not have been matched by proportional increases in profitability.
In conclusion, the ROA exhibits a generally positive trend over the examined period, but with significant fluctuations. Recent performance indicates increased volatility, and the decline in ROA from 2018 to 2025 suggests a potential need for further analysis to understand the underlying drivers of this trend.
Comparison to Competitors
Texas Instruments Inc., ROA, long-term trends, comparison to competitors
| Texas Instruments Inc. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2025 | 14.46% | 5.64% | 4.72% | 19.28% | 13.52% | -0.13% | 25.28% | 25.10% | 10.31% | 65.30% | 11.05% |
| Dec 31, 2024 | 13.51% | 2.37% | 3.39% | 20.86% | 3.56% | -9.55% | 17.90% | 20.42% | 1.12% | 45.28% | 18.39% |
| Dec 31, 2023 | 20.12% | 1.26% | 6.79% | 22.31% | 19.33% | 0.88% | 24.07% | 24.02% | -9.08% | 10.61% | 14.17% |
| Dec 31, 2022 | 32.16% | 1.95% | 5.46% | 24.41% | 15.69% | 4.40% | 26.37% | 26.78% | 13.11% | 22.07% | 26.39% |
| Dec 31, 2021 | 31.48% | 25.46% | 2.66% | 22.80% | 8.91% | 11.80% | 20.23% | 24.59% | 9.96% | 15.05% | 21.93% |
| Dec 31, 2020 | 28.91% | 27.78% | 5.69% | 16.19% | 3.90% | 13.65% | 13.11% | 15.47% | 5.01% | 16.15% | 14.60% |
| Dec 31, 2019 | 27.84% | 5.66% | 6.37% | 14.22% | 4.04% | 15.42% | 13.05% | 18.26% | 12.91% | 31.15% | 13.31% |
| Dec 31, 2018 | 32.56% | 7.40% | 7.31% | 18.64% | 24.46% | 16.45% | 14.28% | 19.08% | 32.59% | 27.11% | -14.88% |
| Dec 31, 2017 | 20.87% | 1.21% | 3.44% | 17.68% | 3.11% | 7.79% | 16.74% | 14.00% | 14.40% | 16.93% | 3.77% |
| Dec 31, 2016 | 21.88% | -14.97% | 10.81% | 11.80% | -3.48% | 9.10% | 14.20% | 7.45% | -1.00% | 8.33% | 10.90% |
| Dec 31, 2015 | 18.40% | -21.23% | 9.87% | 9.00% | 12.88% | 11.08% | 7.59% | 7.00% | 12.01% | 8.76% | 10.38% |
| Dec 31, 2014 | 15.92% | -10.70% | 9.17% | 8.14% | 2.51% | 12.73% | 10.52% | 7.91% | 13.53% | 6.07% | 16.40% |
| Dec 31, 2013 | 11.42% | -1.91% | 10.55% | 2.13% | 16.16% | 10.42% | 10.27% | 1.57% | 6.22% | 8.77% | 15.06% |
| Dec 31, 2012 | 8.79% | -29.58% | 11.59% | 0.90% | 19.67% | 13.05% | 14.82% | 2.11% | -7.20% | 10.46% | 14.20% |
| Dec 31, 2011 | 10.91% | 9.91% | 16.44% | 13.90% | 22.57% | 18.20% | 16.99% | 17.84% | 1.13% | 5.63% | 11.70% |
| Dec 31, 2010 | 24.09% | 9.49% | 16.45% | 8.57% | 19.24% | 18.14% | 5.43% | 13.94% | 12.59% | -1.90% | 10.62% |
| Dec 31, 2009 | 12.13% | 3.35% | 7.28% | -3.19% | -2.23% | 8.23% | -14.50% | -15.48% | -16.02% | -0.90% | 5.80% |
| Dec 31, 2008 | 16.10% | -40.36% | 25.44% | 8.73% | — | 10.43% | 7.41% | 15.65% | -12.06% | 21.28% | 12.86% |
| Dec 31, 2007 | 20.98% | -29.26% | 16.72% | 16.05% | — | 12.54% | 11.42% | 32.63% | -2.16% | 16.78% | 17.86% |
| Dec 31, 2006 | 31.16% | -1.26% | 13.78% | 16.00% | — | 10.43% | 8.31% | 14.51% | 3.34% | 15.80% | 16.24% |
| Dec 31, 2005 | 15.43% | 2.27% | 9.05% | 10.74% | — | 17.93% | 11.71% | 20.66% | 2.35% | 6.16% | 17.17% |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
Texas Instruments Inc., ROA, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Texas Instruments Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Dec 31, 2025 | 14.46% | — |
| Dec 31, 2024 | 13.51% | 6.42% |
| Dec 31, 2023 | 20.12% | 7.41% |
| Dec 31, 2022 | 32.16% | 12.68% |
| Dec 31, 2021 | 31.48% | 13.62% |
| Dec 31, 2020 | 28.91% | 11.80% |
| Dec 31, 2019 | 27.84% | 13.37% |
| Dec 31, 2018 | 32.56% | 17.34% |
| Dec 31, 2017 | 20.87% | 8.44% |
| Dec 31, 2016 | 21.88% | 7.07% |
| Dec 31, 2015 | 18.40% | 10.73% |
| Dec 31, 2014 | 15.92% | 12.19% |
| Dec 31, 2013 | 11.42% | 10.15% |
| Dec 31, 2012 | 8.79% | 9.51% |
| Dec 31, 2011 | 10.91% | 13.81% |
| Dec 31, 2010 | 24.09% | 14.79% |
| Dec 31, 2009 | 12.13% | 3.61% |
| Dec 31, 2008 | 16.10% | 6.72% |
| Dec 31, 2007 | 20.98% | 9.62% |
| Dec 31, 2006 | 31.16% | 12.13% |
| Dec 31, 2005 | 15.43% | 14.01% |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Information Technology)
Texas Instruments Inc., ROA, long-term trends, comparison to industry (information technology)
| Texas Instruments Inc. | Information Technology | |
|---|---|---|
| Dec 31, 2025 | 14.46% | — |
| Dec 31, 2024 | 13.51% | 11.95% |
| Dec 31, 2023 | 20.12% | 12.47% |
| Dec 31, 2022 | 32.16% | 14.49% |
| Dec 31, 2021 | 31.48% | 14.60% |
| Dec 31, 2020 | 28.91% | 11.43% |
| Dec 31, 2019 | 27.84% | 11.77% |
| Dec 31, 2018 | 32.56% | 10.94% |
| Dec 31, 2017 | 20.87% | 9.05% |
| Dec 31, 2016 | 21.88% | 9.79% |
| Dec 31, 2015 | 18.40% | 11.53% |
| Dec 31, 2014 | 15.92% | 12.37% |
| Dec 31, 2013 | 11.42% | 13.26% |
| Dec 31, 2012 | 8.79% | 14.08% |
| Dec 31, 2011 | 10.91% | 15.12% |
| Dec 31, 2010 | 24.09% | 14.52% |
| Dec 31, 2009 | 12.13% | 10.09% |
| Dec 31, 2008 | 16.10% | 12.00% |
| Dec 31, 2007 | 20.98% | 12.05% |
| Dec 31, 2006 | 31.16% | 12.22% |
| Dec 31, 2005 | 15.43% | 12.77% |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).