Return on Assets (ROA)
since 2005
Calculation
Texas Instruments Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| 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: 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 analysis of the financial indicators over the given periods reveals several notable trends concerning profitability and asset utilization.
- Net Income
- Net income figures display considerable fluctuation throughout the years. Starting at $2,324 million in 2005, the net income peaked early at $4,341 million in 2006 before entering a period of decline reaching a low point of $1,470 million in 2009. Post-2009, the net income generally recovered and grew significantly, achieving a high of $8,749 million in 2022. However, there is a subsequent decrease in the final two years reported, ending at $4,799 million in 2023 and $4,799 million in 2024, indicating a contraction from the peak levels of the prior years.
- Total Assets
- Total assets show a declining trend from 2005 through 2015, dropping from $15,063 million to $16,230 million with some fluctuations. After 2015, the asset base begins to expand substantially, rising from $16,431 million in 2016 to $35,509 million in 2024. This steady growth in assets in the latter years suggests significant investment or acquisition activity that increased the company's asset base markedly.
- Return on Assets (ROA)
- ROA, which indicates the effectiveness of asset utilization to generate profit, presents a highly variable pattern. It started strong at 15.43% in 2005 and spiked to over 31% in 2006, but then declined steadily to a low of 8.79% in 2012. From 2012 onward, ROA improved considerably, reaching a peak of 32.56% in 2018 and maintaining relatively high levels through 2022 (32.16%). However, a sharp decline occurs in the last two years to 20.12% in 2023 and further to 13.51% in 2024, reflecting reduced efficiency in profit generation relative to asset size during this period.
Overall, the data suggests an initial phase of profitability growth followed by a period of stress or strategic contraction around 2007-2009. The subsequent years indicate recovery and expansion in both asset base and profitability, with peak performance in the late 2010s and early 2020s. The recent decline in net income and ROA despite growing asset size may imply challenges in maintaining operational efficiency or profit margins amid expanding assets.
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, 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: 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, 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: 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, 2024 | 13.51% | 11.93% |
| Dec 31, 2023 | 20.12% | 12.50% |
| Dec 31, 2022 | 32.16% | 14.55% |
| Dec 31, 2021 | 31.48% | 14.65% |
| Dec 31, 2020 | 28.91% | 11.44% |
| Dec 31, 2019 | 27.84% | 11.78% |
| 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% | 12.36% |
| Dec 31, 2013 | 11.42% | 13.26% |
| Dec 31, 2012 | 8.79% | 14.08% |
| Dec 31, 2011 | 10.91% | 15.10% |
| Dec 31, 2010 | 24.09% | 14.50% |
| Dec 31, 2009 | 12.13% | 10.08% |
| Dec 31, 2008 | 16.10% | 11.99% |
| Dec 31, 2007 | 20.98% | 12.03% |
| Dec 31, 2006 | 31.16% | 12.21% |
| Dec 31, 2005 | 15.43% | 12.76% |
Based on: 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).