Common-Size Income Statement
Quarterly Data
Paying user area
Try for free
Texas Instruments Inc. pages available for free this week:
- Income Statement
- Statement of Comprehensive Income
- Analysis of Liquidity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Reportable Segments
- Common Stock Valuation Ratios
- Operating Profit Margin since 2005
- Current Ratio since 2005
- Total Asset Turnover since 2005
- Price to Book Value (P/BV) since 2005
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Texas Instruments Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Texas Instruments Inc., common-size consolidated income statement (quarterly data)
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
The financial performance across the observed period is characterized by a significant cyclical swing in profitability. After reaching a peak in operational efficiency in early 2022, the company experienced a multi-year contraction in margins that reached its lowest point in late 2025, followed by a notable recovery trend throughout the first half of 2026.
- Gross Profitability Trends
- Gross profit margins exhibited a strong upward trajectory from March 2021 (65.21%), peaking at 70.17% in March 2022. This was followed by a sustained decline, where the cost of revenue increased from 29.83% of revenue to a peak of 44.11% by December 2025. This compression resulted in gross margins bottoming at 55.89%. However, a recovery is evident in 2026, with gross margins climbing back to 61.36% by June 2026, indicating improved cost management or pricing power.
- Operating Expense Analysis
- Research and development (R&D) and selling, general, and administrative (SG&A) expenses both saw an increase in their share of revenue during the mid-period downturn. R&D spending rose from approximately 8-9% in 2021 to a peak of 13.06% in March 2023. SG&A expenses followed a similar pattern, peaking at 12.43% in December 2023. By June 2026, both categories showed a return to leaner levels, with R&D at 9.79% and SG&A at 8.97%, suggesting a successful effort to optimize operational overhead.
- Operating and Net Income Performance
- Operating profit margins mirrored the gross profit trend, peaking at 52.25% in March 2022 before declining to a low of 32.54% in March 2024. The recovery in 2026 brought operating margins back to 42.28%. Net income margins followed this volatility, dropping from a high of 44.87% in March 2022 to a low of 26.29% in December 2025, before rebounding to 36.24% by June 2026.
- Financial Costs and Tax Impact
- Interest and debt expenses as a percentage of revenue increased significantly over the period, rising from roughly 1% in 2021 to a peak of 3.43% in June 2024, reflecting higher borrowing costs or increased leverage. This was partially offset by a rise in other income (OI&E), which peaked at 3.40% in June 2024. The provision for income taxes remained relatively volatile, generally fluctuating between 3% and 7% of revenue, with a notable dip to 2.38% in March 2024.