Stock Analysis on Net
Stock Analysis on Net

Texas Instruments Inc. (NASDAQ:TXN)

Analysis of Profitability Ratios
Quarterly Data

Beginner level


Profitability Ratios (Summary)

Texas Instruments Inc., profitability ratios (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Return on Sales
Gross profit margin 63.65% 63.68% 63.71% 64.23% 64.51% 64.73% 65.11% 65.18% 64.84% 64.61% 64.26% 63.64% 62.97% 62.19% 61.63% 60.65% 59.62% 58.86% 58.15%
Operating profit margin 38.79% 39.58% 39.79% 40.61% 41.59% 41.98% 42.53% 42.74% 42.18% 41.56% 40.66% 39.92% 38.40% 36.93% 35.89% 35.16% 34.04% 33.32% 32.88%
Net profit margin 36.88% 35.23% 34.88% 35.16% 34.98% 34.84% 35.35% 29.62% 28.08% 26.39% 24.61% 29.98% 29.03% 28.20% 26.89% 25.74% 24.53% 23.65% 22.97%
Return on Investment
Return on equity (ROE) 66.05% 64.31% 56.33% 57.72% 62.82% 63.75% 62.04% 44.55% 41.38% 38.07% 35.62% 39.91% 38.46% 36.48% 34.33% 32.90% 31.76% 31.09% 30.02%
Return on assets (ROA) 28.94% 28.78% 27.84% 28.82% 30.67% 31.14% 32.56% 25.22% 23.75% 23.14% 20.87% 25.90% 25.05% 24.29% 21.88% 20.87% 20.16% 19.39% 18.40%

Based on: 10-Q (filing date: 2020-07-22), 10-Q (filing date: 2020-04-22), 10-K (filing date: 2020-02-20), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-07-31), 10-Q (filing date: 2019-04-30), 10-K (filing date: 2019-02-22), 10-Q (filing date: 2018-11-02), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-22), 10-Q (filing date: 2017-11-02), 10-Q (filing date: 2017-08-03), 10-Q (filing date: 2017-05-03), 10-K (filing date: 2017-02-23), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-04), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-11-05), 10-Q (filing date: 2015-08-04), 10-Q (filing date: 2015-05-05).

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Texas Instruments Inc.’s gross profit margin ratio deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Texas Instruments Inc.’s operating profit margin ratio deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Texas Instruments Inc.’s net profit margin ratio improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Texas Instruments Inc.’s ROE improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
ROA A profitability ratio calculated as net income divided by total assets. Texas Instruments Inc.’s ROA improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Gross Profit Margin

Texas Instruments Inc., gross profit margin calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Gross profit 2,082  2,088  2,097  2,446  2,360  2,261  2,407  2,804  2,619  2,447  2,440  2,656  2,374  2,144  2,133  2,280  2,003  1,824  1,866  1,997  1,881  1,816 
Revenue 3,239  3,329  3,350  3,771  3,668  3,594  3,717  4,261  4,017  3,789  3,750  4,116  3,693  3,402  3,414  3,675  3,273  3,008  3,189  3,429  3,232  3,150 
Profitability Ratio
Gross profit margin1 63.65% 63.68% 63.71% 64.23% 64.51% 64.73% 65.11% 65.18% 64.84% 64.61% 64.26% 63.64% 62.97% 62.19% 61.63% 60.65% 59.62% 58.86% 58.15%
Benchmarks
Gross Profit Margin, Competitors2
Advanced Micro Devices Inc. 44.36% 43.69% 42.61% 40.78% 39.83% 38.87% 37.79% 37.10% 35.81% 34.86% 34.21% 33.48% 24.79% 23.96% 23.36% 22.55% 28.62% 26.97% 27.06%
Analog Devices Inc. 65.56% 66.43% 67.00% 67.79% 67.95% 68.09% 68.27% 67.46% 63.96% 61.12% 59.94% 59.57% 63.11% 65.95% 65.10% 64.84% 64.86% 65.05% 65.77%
Apple Inc. 38.11% 37.95% 37.82% 37.90% 38.05% 38.21% 38.34% 38.27% 38.30% 38.43% 38.47% 38.51% 38.41% 38.52% 39.08% 39.49% 39.81% 40.13% 40.06% 39.71% 39.66% 39.26%
Applied Materials Inc. 44.04% 43.81% 43.72% 43.93% 44.39% 45.01% 45.31% 45.47% 45.48% 45.31% 44.93% 44.31% 43.55% 42.55% 41.67% 41.14% 40.74% 40.90% 40.92% 41.36% 42.08% 42.32%
Broadcom Inc. 55.21% 55.32% 55.24% 55.09% 54.33% 53.09% 51.48% 50.28% 49.42% 48.53% 48.25% 49.01% 48.78% 44.85% 44.86% 43.55% 43.52% 52.70% 52.07% 50.87% 46.71% 45.51%
Cisco Systems Inc. 63.97% 63.44% 62.94% 62.38% 62.17% 62.32% 62.04% 62.18% 62.35% 62.29% 62.96% 63.19% 63.53% 63.40% 62.87% 62.12% 61.55% 60.85% 60.38%
Intel Corp. 57.88% 59.51% 58.56% 58.92% 60.46% 60.83% 61.73% 62.50% 61.87% 61.93% 62.25% 61.86% 62.12% 61.52% 60.94% 61.59% 61.48% 62.33% 62.65%
Lam Research Corp. 45.20% 45.13% 45.15% 45.66% 46.12% 46.42% 46.63% 46.18% 45.99% 45.56% 44.97% 44.81% 44.44% 44.15% 44.49% 44.01% 43.91% 43.83% 43.43%
Micron Technology Inc. 30.33% 36.11% 45.72% 53.60% 57.87% 59.55% 58.87% 56.43% 53.13% 48.25% 41.51% 33.92% 25.74% 20.49% 20.20% 22.66% 26.21% 29.57% 32.21% 33.47% 34.20% 34.31%
NVIDIA Corp. 58.57% 59.64% 61.21% 62.51% 62.41% 61.36% 59.93% 59.31% 59.18% 59.16% 58.80% 57.84% 57.01% 56.33% 56.11% 55.99% 55.72% 55.99% 55.53%
Qualcomm Inc. 65.07% 65.22% 64.57% 63.06% 54.26% 54.58% 54.94% 56.00% 55.57% 55.22% 56.07% 57.12% 58.16% 59.38% 58.61% 58.55% 58.53% 58.82% 58.95% 58.95% 59.36% 59.10%

Based on: 10-Q (filing date: 2020-07-22), 10-Q (filing date: 2020-04-22), 10-K (filing date: 2020-02-20), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-07-31), 10-Q (filing date: 2019-04-30), 10-K (filing date: 2019-02-22), 10-Q (filing date: 2018-11-02), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-22), 10-Q (filing date: 2017-11-02), 10-Q (filing date: 2017-08-03), 10-Q (filing date: 2017-05-03), 10-K (filing date: 2017-02-23), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-04), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-11-05), 10-Q (filing date: 2015-08-04), 10-Q (filing date: 2015-05-05).

1 Q2 2020 Calculation
Gross profit margin = 100 × (Gross profitQ2 2020 + Gross profitQ1 2020 + Gross profitQ4 2019 + Gross profitQ3 2019) ÷ (RevenueQ2 2020 + RevenueQ1 2020 + RevenueQ4 2019 + RevenueQ3 2019)
= 100 × (2,082 + 2,088 + 2,097 + 2,446) ÷ (3,239 + 3,329 + 3,350 + 3,771) = 63.65%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Texas Instruments Inc.’s gross profit margin ratio deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Operating Profit Margin

Texas Instruments Inc., operating profit margin calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Operating profit 1,228  1,244  1,249  1,589  1,506  1,379  1,516  1,937  1,712  1,548  1,563  1,788  1,480  1,252  1,319  1,395  1,117  968  1,142  1,164  1,010  958 
Revenue 3,239  3,329  3,350  3,771  3,668  3,594  3,717  4,261  4,017  3,789  3,750  4,116  3,693  3,402  3,414  3,675  3,273  3,008  3,189  3,429  3,232  3,150 
Profitability Ratio
Operating profit margin1 38.79% 39.58% 39.79% 40.61% 41.59% 41.98% 42.53% 42.74% 42.18% 41.56% 40.66% 39.92% 38.40% 36.93% 35.89% 35.16% 34.04% 33.32% 32.88%
Benchmarks
Operating Profit Margin, Competitors2
Advanced Micro Devices Inc. 11.56% 10.63% 9.37% 5.16% 4.68% 6.05% 6.97% 7.73% 7.37% 5.89% 3.83% 2.40% -6.49% -7.53% -8.71% -10.14% -7.30% -10.86% -12.05%
Analog Devices Inc. 25.30% 26.56% 28.55% 30.69% 31.07% 31.05% 30.35% 29.56% 25.18% 21.17% 20.66% 21.09% 25.91% 30.23% 30.05% 22.96% 22.90% 23.83% 24.19%
Apple Inc. 24.48% 24.71% 24.57% 24.87% 25.34% 25.98% 26.69% 26.60% 26.70% 26.87% 26.76% 26.84% 26.91% 27.15% 27.84% 28.55% 29.39% 30.28% 30.48% 30.21% 30.15% 29.67%
Applied Materials Inc. 23.58% 23.20% 22.93% 23.55% 25.09% 26.83% 27.80% 28.35% 28.17% 27.53% 26.61% 25.58% 24.11% 21.99% 19.88% 18.17% 16.71% 16.63% 17.53% 17.60% 17.97% 17.83%
Broadcom Inc. 14.85% 15.90% 15.24% 18.15% 20.70% 22.28% 24.63% 20.93% 18.05% 14.98% 13.51% 11.87% 6.75% -2.42% -3.09% -2.52% 3.23% 24.51% 23.92% 21.59% 15.68% 13.47%
Cisco Systems Inc. 27.47% 26.91% 27.39% 27.04% 26.55% 26.57% 24.95% 24.68% 25.02% 24.80% 24.94% 25.24% 24.82% 25.47% 25.71% 24.75% 24.56% 23.20% 21.91%
Intel Corp. 32.90% 32.88% 30.62% 30.48% 31.77% 32.49% 32.91% 32.48% 30.58% 29.37% 28.58% 27.49% 26.60% 22.99% 21.68% 21.83% 21.86% 24.80% 25.29%
Lam Research Corp. 25.20% 25.40% 25.53% 26.90% 28.19% 28.47% 29.01% 27.84% 26.96% 25.73% 23.74% 22.22% 19.70% 17.82% 18.25% 16.42% 17.04% 16.74% 14.98%
Micron Technology Inc. 13.36% 20.04% 31.51% 41.16% 46.84% 49.70% 49.34% 46.71% 43.04% 37.17% 28.88% 19.16% 9.12% 2.27% 1.35% 4.91% 9.35% 14.33% 18.52% 20.21% 21.28% 21.44%
NVIDIA Corp. 22.40% 26.72% 32.47% 36.89% 37.21% 35.97% 33.05% 31.97% 31.33% 29.74% 27.99% 23.64% 19.43% 15.80% 14.91% 14.98% 14.57% 16.57% 16.21%
Qualcomm Inc. 32.49% 32.59% 31.59% 24.99% 9.05% 6.62% 3.26% 7.57% 6.98% 8.34% 11.73% 18.09% 21.09% 23.50% 27.57% 25.55% 24.22% 22.53% 22.85% 24.99% 27.16% 30.12%

Based on: 10-Q (filing date: 2020-07-22), 10-Q (filing date: 2020-04-22), 10-K (filing date: 2020-02-20), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-07-31), 10-Q (filing date: 2019-04-30), 10-K (filing date: 2019-02-22), 10-Q (filing date: 2018-11-02), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-22), 10-Q (filing date: 2017-11-02), 10-Q (filing date: 2017-08-03), 10-Q (filing date: 2017-05-03), 10-K (filing date: 2017-02-23), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-04), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-11-05), 10-Q (filing date: 2015-08-04), 10-Q (filing date: 2015-05-05).

1 Q2 2020 Calculation
Operating profit margin = 100 × (Operating profitQ2 2020 + Operating profitQ1 2020 + Operating profitQ4 2019 + Operating profitQ3 2019) ÷ (RevenueQ2 2020 + RevenueQ1 2020 + RevenueQ4 2019 + RevenueQ3 2019)
= 100 × (1,228 + 1,244 + 1,249 + 1,589) ÷ (3,239 + 3,329 + 3,350 + 3,771) = 38.79%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Texas Instruments Inc.’s operating profit margin ratio deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Net Profit Margin

Texas Instruments Inc., net profit margin calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Net income 1,380  1,174  1,070  1,425  1,305  1,217  1,239  1,570  1,405  1,366  344  1,285  1,056  997  1,047  1,018  819  711  836  798  696  656 
Revenue 3,239  3,329  3,350  3,771  3,668  3,594  3,717  4,261  4,017  3,789  3,750  4,116  3,693  3,402  3,414  3,675  3,273  3,008  3,189  3,429  3,232  3,150 
Profitability Ratio
Net profit margin1 36.88% 35.23% 34.88% 35.16% 34.98% 34.84% 35.35% 29.62% 28.08% 26.39% 24.61% 29.98% 29.03% 28.20% 26.89% 25.74% 24.53% 23.65% 22.97%
Benchmarks
Net Profit Margin, Competitors2
Advanced Micro Devices Inc. 7.96% 6.72% 5.07% 3.47% 3.25% 4.46% 5.20% 5.51% 5.04% 3.29% 0.81% -1.39% -11.82% -10.42% -11.63% -13.29% -8.74% -15.53% -16.54%
Analog Devices Inc. 20.05% 21.06% 22.75% 24.71% 25.18% 25.42% 24.12% 22.95% 17.72% 13.80% 14.24% 14.79% 20.90% 25.14% 25.18% 19.49% 19.11% 19.89% 20.29%
Apple Inc. 21.35% 21.49% 21.24% 21.50% 22.12% 22.72% 22.41% 21.98% 21.55% 21.12% 21.09% 20.87% 20.74% 20.73% 21.19% 21.70% 22.27% 22.87% 22.85% 22.62% 22.53% 22.25%
Applied Materials Inc. 18.89% 18.83% 18.52% 19.40% 22.10% 23.50% 19.20% 19.87% 19.24% 18.53% 23.62% 22.08% 20.41% 18.05% 15.90% 14.62% 13.29% 13.76% 14.26% 13.57% 13.60% 12.63%
Broadcom Inc. 10.97% 11.64% 12.05% 13.44% 15.92% 30.50% 58.80% 57.66% 55.79% 40.81% 9.59% 3.12% -1.54% -12.03% -13.13% -6.20% -1.58% 19.97% 19.99% 16.28% 10.90% 9.24%
Cisco Systems Inc. 21.44% 21.15% 22.39% 25.76% 25.31% 2.52% 0.22% -2.61% -3.00% 20.26% 20.02% 20.61% 20.24% 21.73% 21.81% 20.72% 20.84% 19.32% 18.27%
Intel Corp. 29.97% 30.02% 29.25% 27.46% 28.05% 29.04% 29.72% 21.91% 20.06% 17.32% 15.30% 22.31% 20.60% 18.57% 17.37% 17.90% 17.84% 20.39% 20.63%
Lam Research Corp. 21.67% 22.38% 22.70% 25.64% 26.70% 21.26% 21.49% 18.32% 17.60% 22.85% 21.19% 19.82% 15.67% 15.02% 15.53% 13.51% 14.39% 14.07% 12.47%
Micron Technology Inc. 11.72% 17.01% 26.97% 37.36% 43.56% 46.82% 46.51% 43.36% 38.68% 32.77% 25.04% 14.66% 4.68% -2.32% -2.23% 2.86% 7.80% 14.04% 17.90% 21.27% 22.97% 21.85%
NVIDIA Corp. 26.92% 30.67% 35.34% 37.79% 36.22% 34.45% 31.37% 28.78% 27.41% 26.05% 24.11% 19.86% 16.97% 13.32% 12.26% 12.33% 11.01% 13.28% 13.47%
Qualcomm Inc. 16.36% 17.31% 18.07% 13.41% 11.57% 10.03% -21.40% -18.40% -20.15% -18.64% 11.06% 17.26% 19.25% 20.56% 24.22% 22.64% 21.70% 20.02% 20.85% 23.02% 26.04% 29.91%

Based on: 10-Q (filing date: 2020-07-22), 10-Q (filing date: 2020-04-22), 10-K (filing date: 2020-02-20), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-07-31), 10-Q (filing date: 2019-04-30), 10-K (filing date: 2019-02-22), 10-Q (filing date: 2018-11-02), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-22), 10-Q (filing date: 2017-11-02), 10-Q (filing date: 2017-08-03), 10-Q (filing date: 2017-05-03), 10-K (filing date: 2017-02-23), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-04), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-11-05), 10-Q (filing date: 2015-08-04), 10-Q (filing date: 2015-05-05).

1 Q2 2020 Calculation
Net profit margin = 100 × (Net incomeQ2 2020 + Net incomeQ1 2020 + Net incomeQ4 2019 + Net incomeQ3 2019) ÷ (RevenueQ2 2020 + RevenueQ1 2020 + RevenueQ4 2019 + RevenueQ3 2019)
= 100 × (1,380 + 1,174 + 1,070 + 1,425) ÷ (3,239 + 3,329 + 3,350 + 3,771) = 36.88%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Texas Instruments Inc.’s net profit margin ratio improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Return on Equity (ROE)

Texas Instruments Inc., ROE calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Net income 1,380  1,174  1,070  1,425  1,305  1,217  1,239  1,570  1,405  1,366  344  1,285  1,056  997  1,047  1,018  819  711  836  798  696  656 
Stockholders’ equity 7,644  7,734  8,907  8,985  8,486  8,519  8,994  10,516  10,634  10,642  10,337  10,988  10,708  10,639  10,473  10,286  9,962  9,782  9,946  9,970  10,205  10,369 
Profitability Ratio
ROE1 66.05% 64.31% 56.33% 57.72% 62.82% 63.75% 62.04% 44.55% 41.38% 38.07% 35.62% 39.91% 38.46% 36.48% 34.33% 32.90% 31.76% 31.09% 30.02%
Benchmarks
ROE, Competitors2
Advanced Micro Devices Inc. 18.43% 16.04% 12.06% 9.60% 10.05% 15.21% 26.62% 32.00% 37.43% 27.55% 7.04% -13.27% -130.94% -112.71% -119.47% -142.34%
Analog Devices Inc. 9.59% 10.37% 11.64% 12.88% 13.37% 13.66% 13.61% 12.99% 10.06% 7.52% 7.16% 6.81% 8.40% 17.23% 16.68% 13.28% 13.29% 13.67% 13.74%
Apple Inc. 72.96% 64.25% 61.06% 57.74% 54.01% 50.41% 55.56% 48.82% 42.02% 36.04% 36.07% 35.23% 34.11% 34.15% 35.62% 37.77% 38.85% 41.89% 44.74% 40.37% 37.06% 36.05%
Applied Materials Inc. 32.31% 32.64% 32.94% 35.53% 42.51% 48.11% 48.44% 50.10% 45.03% 33.69% 36.73% 35.13% 32.17% 27.81% 23.85% 21.22% 19.36% 18.35% 18.09% 16.26% 15.20% 14.46%
Broadcom Inc. 10.48% 10.83% 10.92% 13.91% 15.66% 27.99% 45.99% 42.53% 34.18% 29.66% 8.34% 2.67% -1.29% -9.86% -9.20% -3.48% -0.71% 27.14% 28.94% 24.99% 16.40% 13.23%
Cisco Systems Inc. 31.11% 31.95% 34.62% 35.91% 31.54% 2.88% 0.25% -2.72% -2.78% 14.77% 14.53% 15.29% 15.41% 16.77% 16.89% 16.43% 16.98% 15.98% 15.04%
Intel Corp. 28.85% 29.78% 27.16% 26.05% 26.35% 27.93% 28.24% 21.22% 18.97% 15.81% 13.91% 19.52% 18.52% 16.81% 15.58% 16.43% 16.46% 18.76% 18.70%
Lam Research Corp. 47.26% 43.02% 46.89% 50.48% 50.17% 43.65% 36.62% 27.72% 27.38% 27.84% 24.90% 21.20% 15.62% 14.38% 15.51% 13.81% 15.29% 14.99% 12.85%
Micron Technology Inc. 6.20% 9.62% 17.59% 28.53% 37.78% 43.55% 43.77% 42.51% 38.92% 33.68% 27.33% 15.78% 4.82% -2.45% -2.28% 2.99% 8.73% 17.09% 23.57% 28.72% 31.33% 31.60%
NVIDIA Corp. 26.53% 33.91% 44.33% 49.54% 48.91% 49.03% 40.78% 40.66% 38.29% 32.05% 28.91% 22.90% 20.60% 16.40% 13.74% 13.42% 12.57% 13.79% 14.27%
Qualcomm Inc. 132.94% 94.02% 89.35% 62.00% 63.55% 59.64% -524.14% -18.22% -19.12% -17.43% 8.02% 12.45% 14.27% 15.66% 17.95% 16.86% 16.56% 15.86% 16.78% 18.38% 18.92% 20.77%

Based on: 10-Q (filing date: 2020-07-22), 10-Q (filing date: 2020-04-22), 10-K (filing date: 2020-02-20), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-07-31), 10-Q (filing date: 2019-04-30), 10-K (filing date: 2019-02-22), 10-Q (filing date: 2018-11-02), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-22), 10-Q (filing date: 2017-11-02), 10-Q (filing date: 2017-08-03), 10-Q (filing date: 2017-05-03), 10-K (filing date: 2017-02-23), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-04), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-11-05), 10-Q (filing date: 2015-08-04), 10-Q (filing date: 2015-05-05).

1 Q2 2020 Calculation
ROE = 100 × (Net incomeQ2 2020 + Net incomeQ1 2020 + Net incomeQ4 2019 + Net incomeQ3 2019) ÷ Stockholders’ equity
= 100 × (1,380 + 1,174 + 1,070 + 1,425) ÷ 7,644 = 66.05%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Texas Instruments Inc.’s ROE improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Return on Assets (ROA)

Texas Instruments Inc., ROA calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Net income 1,380  1,174  1,070  1,425  1,305  1,217  1,239  1,570  1,405  1,366  344  1,285  1,056  997  1,047  1,018  819  711  836  798  696  656 
Total assets 17,445  17,283  18,018  17,992  17,384  17,443  17,137  18,573  18,527  17,507  17,642  16,929  16,438  15,978  16,431  16,216  15,693  15,686  16,230  16,540  17,532  17,346 
Profitability Ratio
ROA1 28.94% 28.78% 27.84% 28.82% 30.67% 31.14% 32.56% 25.22% 23.75% 23.14% 20.87% 25.90% 25.05% 24.29% 21.88% 20.87% 20.16% 19.39% 18.40%
Benchmarks
ROA, Competitors2
Advanced Micro Devices Inc. 9.25% 8.30% 5.66% 3.98% 3.74% 5.52% 7.40% 8.28% 8.02% 5.24% 1.21% -1.92% -16.20% -13.97% -14.97% -15.15% -10.22% -19.76% -21.23%
Analog Devices Inc. 5.21% 5.67% 6.37% 7.04% 7.21% 7.25% 7.31% 6.86% 5.12% 3.73% 3.44% 3.20% 3.14% 8.96% 10.81% 8.61% 8.56% 8.98% 9.87%
Apple Inc. 17.86% 16.89% 16.32% 17.28% 16.72% 15.90% 16.28% 16.07% 14.51% 12.42% 12.88% 13.52% 13.67% 13.65% 14.20% 15.64% 16.60% 18.32% 18.38% 18.57% 18.30% 16.98%
Applied Materials Inc. 13.37% 14.30% 14.22% 15.34% 18.57% 20.87% 18.64% 19.12% 17.14% 14.58% 17.68% 16.05% 14.48% 14.03% 11.80% 10.56% 9.72% 9.87% 9.00% 9.86% 9.34% 8.93%
Broadcom Inc. 3.08% 3.26% 4.04% 4.29% 4.90% 9.01% 24.46% 23.18% 19.95% 14.09% 3.11% 1.06% -0.50% -3.78% -3.48% -1.36% -0.27% 12.90% 12.88% 10.71% 6.32% 4.49%
Cisco Systems Inc. 12.22% 11.89% 11.88% 13.59% 12.56% 1.20% 0.10% -1.11% -1.10% 7.42% 7.40% 7.94% 7.79% 8.42% 8.83% 8.63% 9.17% 8.57% 7.91%
Intel Corp. 15.51% 15.39% 15.42% 14.46% 15.10% 15.89% 16.45% 11.83% 10.55% 8.62% 7.79% 10.90% 10.41% 9.71% 9.10% 9.24% 9.19% 10.88% 11.08%
Lam Research Corp. 17.37% 17.21% 18.26% 20.71% 26.95% 21.20% 19.08% 13.80% 13.03% 16.33% 14.00% 12.04% 8.67% 7.04% 7.45% 7.84% 8.71% 8.37% 7.00%
Micron Technology Inc. 4.63% 7.07% 12.91% 21.77% 27.50% 33.08% 32.59% 29.10% 24.24% 20.40% 14.40% 7.67% 2.13% -1.08% -1.00% 1.35% 4.32% 8.62% 12.01% 14.23% 16.34% 16.37%
NVIDIA Corp. 18.56% 23.47% 31.15% 34.37% 33.40% 33.02% 27.11% 26.28% 24.32% 20.88% 16.93% 12.68% 12.37% 9.68% 8.33% 8.35% 7.54% 8.61% 8.76%
Qualcomm Inc. 12.67% 12.81% 13.31% 9.92% 7.22% 6.30% -14.88% -6.77% -7.10% -6.48% 3.77% 6.05% 7.98% 9.34% 10.90% 10.18% 9.80% 9.55% 10.38% 11.67% 15.17% 16.64%

Based on: 10-Q (filing date: 2020-07-22), 10-Q (filing date: 2020-04-22), 10-K (filing date: 2020-02-20), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-07-31), 10-Q (filing date: 2019-04-30), 10-K (filing date: 2019-02-22), 10-Q (filing date: 2018-11-02), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-22), 10-Q (filing date: 2017-11-02), 10-Q (filing date: 2017-08-03), 10-Q (filing date: 2017-05-03), 10-K (filing date: 2017-02-23), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-04), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-11-05), 10-Q (filing date: 2015-08-04), 10-Q (filing date: 2015-05-05).

1 Q2 2020 Calculation
ROA = 100 × (Net incomeQ2 2020 + Net incomeQ1 2020 + Net incomeQ4 2019 + Net incomeQ3 2019) ÷ Total assets
= 100 × (1,380 + 1,174 + 1,070 + 1,425) ÷ 17,445 = 28.94%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. Texas Instruments Inc.’s ROA improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.