Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Texas Instruments Inc., profitability ratios (quarterly data)
Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
| 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. gross profit margin ratio deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Texas Instruments Inc. operating profit margin ratio deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Texas Instruments Inc. net profit margin ratio deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Texas Instruments Inc. ROE deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
| ROA | A profitability ratio calculated as net income divided by total assets. | Texas Instruments Inc. ROA deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
Gross Profit Margin
Texas Instruments Inc., gross profit margin calculation (quarterly data)
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Gross profit | 2,095) | 2,431) | 2,815) | 2,910) | 2,863) | 3,087) | 3,617) | 3,625) | 3,442) | 3,350) | 3,152) | 3,077) | 2,797) | 2,646) | 2,453) | 2,082) | 2,088) | 2,097) | 2,446) | 2,360) | 2,261) | |||||||
| Revenue | 3,661) | 4,077) | 4,532) | 4,531) | 4,379) | 4,670) | 5,241) | 5,212) | 4,905) | 4,832) | 4,643) | 4,580) | 4,289) | 4,076) | 3,817) | 3,239) | 3,329) | 3,350) | 3,771) | 3,668) | 3,594) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| Gross profit margin1 | 61.01% | 62.90% | 64.46% | 66.29% | 67.64% | 68.76% | 69.51% | 69.26% | 68.68% | 67.47% | 66.36% | 65.46% | 64.70% | 64.10% | 63.49% | 63.65% | 63.68% | 63.71% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Gross Profit Margin, Competitors2 | ||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | 46.12% | 45.01% | 43.70% | 43.98% | 44.93% | 46.55% | 48.01% | 48.53% | 48.25% | 46.82% | 45.71% | 44.79% | 44.53% | 44.47% | 44.36% | 43.69% | 42.61% | — | — | — | |||||||
| Analog Devices Inc. | 62.47% | 64.01% | 65.23% | 65.69% | 65.62% | 62.70% | 58.63% | 58.33% | 57.81% | 61.83% | 68.04% | 67.36% | 66.37% | 65.87% | 65.39% | 65.56% | 66.43% | 67.00% | 67.79% | 67.95% | 68.09% | |||||||
| Applied Materials Inc. | 46.98% | 46.70% | 46.40% | 46.35% | 46.39% | 46.51% | 47.05% | 47.51% | 47.67% | 47.32% | 46.69% | 45.83% | 44.96% | 44.72% | 44.23% | 44.04% | 43.81% | 43.72% | 43.93% | 44.39% | 45.01% | |||||||
| Broadcom Inc. | 67.06% | 68.93% | 68.28% | 67.71% | 66.98% | 66.55% | 65.68% | 64.42% | 62.95% | 61.36% | 60.18% | 58.98% | 57.54% | 56.58% | 55.70% | 55.21% | 55.32% | 55.24% | 55.09% | 54.33% | 53.09% | |||||||
| Intel Corp. | — | 40.04% | 38.14% | 38.27% | 38.34% | 42.61% | 46.56% | 49.85% | 54.32% | 55.45% | 56.27% | 55.59% | 54.62% | 56.01% | 56.52% | 57.88% | 59.51% | 58.56% | — | — | — | |||||||
| KLA Corp. | 59.44% | 59.81% | 60.16% | 60.69% | 61.23% | 61.00% | 60.86% | 60.77% | 60.27% | 59.93% | 59.38% | 58.80% | 58.43% | 57.81% | 56.81% | 56.09% | 57.21% | 59.08% | 62.23% | 64.31% | 64.54% | |||||||
| Lam Research Corp. | 44.80% | 44.62% | 44.65% | 45.31% | 45.74% | 45.69% | 45.93% | 46.30% | 46.19% | 46.53% | 46.49% | 46.59% | 46.43% | 45.88% | 45.86% | 45.20% | 45.13% | 45.15% | 45.66% | 46.12% | 46.42% | |||||||
| Micron Technology Inc. | -14.49% | -9.11% | 9.03% | 27.51% | 41.34% | 45.18% | 46.89% | 45.81% | 41.37% | 37.62% | 33.66% | 30.70% | 31.37% | 30.57% | 29.03% | 30.33% | 36.11% | 45.72% | 53.60% | 57.87% | 59.55% | |||||||
| NVIDIA Corp. | 56.31% | 56.93% | 57.84% | 60.45% | 65.26% | 64.93% | 64.40% | 63.76% | 62.43% | 62.34% | 62.62% | 62.84% | 63.47% | 61.99% | 59.49% | 58.57% | 59.64% | 61.21% | — | — | — | |||||||
| ON Semiconductor Corp. | — | 47.06% | 47.52% | 47.78% | 48.36% | 48.97% | 48.20% | 46.62% | 43.79% | 40.27% | 37.53% | 35.50% | 33.60% | 32.65% | 32.70% | 32.95% | 34.43% | 35.77% | — | — | — | |||||||
| Qualcomm Inc. | 55.54% | 55.70% | 56.31% | 56.46% | 57.22% | 57.84% | 57.99% | 58.51% | 58.16% | 57.51% | 59.82% | 59.99% | 60.17% | 60.67% | 56.96% | 65.07% | 65.22% | 64.57% | 63.06% | 54.26% | 54.58% | |||||||
Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q1 2024 Calculation
Gross profit margin = 100
× (Gross profitQ1 2024
+ Gross profitQ4 2023
+ Gross profitQ3 2023
+ Gross profitQ2 2023)
÷ (RevenueQ1 2024
+ RevenueQ4 2023
+ RevenueQ3 2023
+ RevenueQ2 2023)
= 100 × (2,095 + 2,431 + 2,815 + 2,910)
÷ (3,661 + 4,077 + 4,532 + 4,531)
= 61.01%
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. gross profit margin ratio deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
Operating Profit Margin
Texas Instruments Inc., operating profit margin calculation (quarterly data)
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Operating profit | 1,286) | 1,533) | 1,892) | 1,972) | 1,934) | 2,176) | 2,678) | 2,723) | 2,563) | 2,503) | 2,305) | 2,213) | 1,939) | 1,813) | 1,609) | 1,228) | 1,244) | 1,249) | 1,589) | 1,506) | 1,379) | |||||||
| Revenue | 3,661) | 4,077) | 4,532) | 4,531) | 4,379) | 4,670) | 5,241) | 5,212) | 4,905) | 4,832) | 4,643) | 4,580) | 4,289) | 4,076) | 3,817) | 3,239) | 3,329) | 3,350) | 3,771) | 3,668) | 3,594) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| Operating profit margin1 | 39.78% | 41.85% | 44.03% | 46.54% | 48.77% | 50.63% | 51.84% | 51.52% | 50.55% | 48.84% | 47.02% | 45.19% | 42.73% | 40.76% | 38.81% | 38.79% | 39.58% | 39.79% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Operating Profit Margin, Competitors2 | ||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | 1.77% | -0.41% | -1.73% | 0.73% | 5.36% | 11.48% | 16.83% | 20.86% | 22.20% | 20.27% | 18.83% | 16.23% | 14.02% | 13.27% | 11.56% | 10.63% | 9.37% | — | — | — | |||||||
| Analog Devices Inc. | 28.34% | 31.07% | 33.43% | 33.06% | 32.15% | 27.29% | 20.49% | 20.42% | 18.87% | 23.12% | 31.59% | 30.06% | 28.83% | 26.74% | 24.91% | 25.30% | 26.56% | 28.55% | 30.69% | 31.07% | 31.05% | |||||||
| Applied Materials Inc. | 28.89% | 28.86% | 28.92% | 29.28% | 29.64% | 30.20% | 31.03% | 31.80% | 31.37% | 29.87% | 28.47% | 26.49% | 25.30% | 25.37% | 24.26% | 23.58% | 23.20% | 22.93% | 23.55% | 25.09% | 26.83% | |||||||
| Broadcom Inc. | 36.50% | 45.25% | 45.00% | 45.19% | 44.23% | 42.84% | 40.47% | 37.37% | 34.35% | 31.03% | 28.16% | 24.83% | 20.81% | 16.80% | 15.27% | 14.85% | 15.90% | 15.24% | 18.15% | 20.70% | 22.28% | |||||||
| Intel Corp. | — | 0.17% | -6.86% | -7.01% | -6.16% | 3.70% | 12.16% | 18.88% | 25.87% | 24.62% | 25.93% | 26.00% | 26.17% | 30.41% | 31.49% | 32.90% | 32.88% | 30.62% | — | — | — | |||||||
| KLA Corp. | 37.20% | 38.06% | 39.00% | 39.86% | 40.05% | 39.67% | 39.30% | 38.90% | 37.26% | 35.97% | 34.43% | 28.42% | 27.28% | 25.87% | 23.51% | 26.24% | 27.73% | 30.41% | 35.25% | 39.18% | 38.92% | |||||||
| Lam Research Corp. | 28.42% | 29.69% | 30.76% | 31.76% | 31.71% | 31.24% | 31.18% | 31.60% | 31.06% | 30.64% | 29.55% | 28.68% | 28.02% | 26.62% | 26.37% | 25.20% | 25.40% | 25.53% | 26.90% | 28.19% | 28.47% | |||||||
| Micron Technology Inc. | -41.18% | -36.97% | -15.14% | 8.73% | 25.27% | 31.54% | 34.38% | 31.86% | 27.17% | 22.68% | 17.60% | 15.21% | 15.19% | 14.01% | 12.33% | 13.36% | 20.04% | 31.51% | 41.16% | 46.84% | 49.70% | |||||||
| NVIDIA Corp. | 17.37% | 15.66% | 20.79% | 26.93% | 33.69% | 37.31% | 35.34% | 33.36% | 28.62% | 27.18% | 27.17% | 27.13% | 29.41% | 26.07% | 21.46% | 22.40% | 26.72% | 32.47% | — | — | — | |||||||
| ON Semiconductor Corp. | — | 30.76% | 31.55% | 28.36% | 27.31% | 28.34% | 26.47% | 27.71% | 25.11% | 19.10% | 15.38% | 11.75% | 8.35% | 6.64% | 6.13% | 2.97% | 5.03% | 7.84% | — | — | — | |||||||
| Qualcomm Inc. | 22.74% | 21.74% | 26.03% | 30.91% | 33.66% | 35.88% | 35.82% | 32.65% | 30.88% | 29.16% | 31.74% | 30.35% | 29.04% | 26.58% | 17.52% | 32.49% | 32.59% | 31.59% | 24.99% | 9.05% | 6.62% | |||||||
Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q1 2024 Calculation
Operating profit margin = 100
× (Operating profitQ1 2024
+ Operating profitQ4 2023
+ Operating profitQ3 2023
+ Operating profitQ2 2023)
÷ (RevenueQ1 2024
+ RevenueQ4 2023
+ RevenueQ3 2023
+ RevenueQ2 2023)
= 100 × (1,286 + 1,533 + 1,892 + 1,972)
÷ (3,661 + 4,077 + 4,532 + 4,531)
= 39.78%
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. operating profit margin ratio deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
Net Profit Margin
Texas Instruments Inc., net profit margin calculation (quarterly data)
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Net income | 1,105) | 1,371) | 1,709) | 1,722) | 1,708) | 1,962) | 2,295) | 2,291) | 2,201) | 2,138) | 1,947) | 1,931) | 1,753) | 1,688) | 1,353) | 1,380) | 1,174) | 1,070) | 1,425) | 1,305) | 1,217) | |||||||
| Revenue | 3,661) | 4,077) | 4,532) | 4,531) | 4,379) | 4,670) | 5,241) | 5,212) | 4,905) | 4,832) | 4,643) | 4,580) | 4,289) | 4,076) | 3,817) | 3,239) | 3,329) | 3,350) | 3,771) | 3,668) | 3,594) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| Net profit margin1 | 35.16% | 37.16% | 39.21% | 40.84% | 42.33% | 43.68% | 44.21% | 43.78% | 43.34% | 42.35% | 41.61% | 40.12% | 40.04% | 38.69% | 36.24% | 36.88% | 35.23% | 34.88% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Net Profit Margin, Competitors2 | ||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | 3.77% | 0.94% | -0.11% | 1.71% | 5.59% | 9.96% | 14.51% | 17.98% | 19.24% | 26.72% | 25.76% | 25.24% | 25.50% | 10.17% | 7.96% | 6.72% | 5.07% | — | — | — | |||||||
| Analog Devices Inc. | 24.34% | 26.94% | 29.23% | 28.16% | 27.27% | 22.88% | 17.00% | 16.84% | 15.18% | 19.00% | 26.15% | 25.16% | 23.99% | 21.79% | 20.14% | 20.05% | 21.06% | 22.75% | 24.71% | 25.18% | 25.42% | |||||||
| Applied Materials Inc. | 27.03% | 25.86% | 24.27% | 24.36% | 24.57% | 25.31% | 26.42% | 27.20% | 27.10% | 25.53% | 24.54% | 22.35% | 21.19% | 21.04% | 19.58% | 18.89% | 18.83% | 18.52% | 19.40% | 22.10% | 23.50% | |||||||
| Broadcom Inc. | 29.93% | 39.31% | 39.25% | 39.06% | 37.19% | 34.62% | 31.96% | 29.76% | 27.47% | 24.54% | 22.90% | 19.11% | 16.01% | 12.39% | 10.70% | 10.97% | 11.64% | 12.05% | 13.44% | 15.92% | 30.50% | |||||||
| Intel Corp. | — | 3.11% | -3.11% | -1.71% | -5.06% | 12.71% | 19.13% | 26.03% | 31.68% | 25.14% | 26.89% | 23.91% | 23.93% | 26.84% | 28.10% | 29.97% | 30.02% | 29.25% | — | — | — | |||||||
| KLA Corp. | 30.51% | 32.27% | 33.01% | 33.77% | 33.28% | 36.06% | 36.41% | 36.57% | 36.52% | 30.04% | 28.77% | 22.52% | 21.76% | 20.96% | 18.26% | 21.55% | 23.04% | 25.73% | 29.83% | 33.01% | 22.05% | |||||||
| Lam Research Corp. | 25.08% | 25.88% | 26.08% | 26.91% | 26.96% | 26.73% | 27.13% | 27.78% | 27.07% | 26.72% | 26.07% | 24.85% | 23.60% | 22.42% | 21.81% | 21.67% | 22.38% | 22.70% | 25.64% | 26.70% | 21.26% | |||||||
| Micron Technology Inc. | -42.47% | -37.54% | -16.02% | 6.99% | 22.78% | 28.24% | 30.61% | 28.95% | 24.86% | 21.16% | 16.20% | 13.60% | 13.59% | 12.54% | 11.16% | 11.72% | 17.01% | 26.97% | 37.36% | 43.56% | 46.82% | |||||||
| NVIDIA Corp. | 18.52% | 16.19% | 20.85% | 26.03% | 32.02% | 36.23% | 33.81% | 32.33% | 27.66% | 25.98% | 25.89% | 25.94% | 28.18% | 25.61% | 24.07% | 26.92% | 30.67% | 35.34% | — | — | — | |||||||
| ON Semiconductor Corp. | — | 26.46% | 26.69% | 23.41% | 21.98% | 22.85% | 21.36% | 22.60% | 20.13% | 14.98% | 10.61% | 8.85% | 6.19% | 4.46% | 3.87% | -0.37% | 1.55% | 3.84% | — | — | — | |||||||
| Qualcomm Inc. | 21.39% | 20.19% | 22.33% | 25.67% | 27.40% | 29.27% | 30.52% | 28.42% | 27.71% | 26.94% | 28.25% | 27.28% | 25.21% | 22.09% | 13.72% | 16.36% | 17.31% | 18.07% | 13.41% | 11.57% | 10.03% | |||||||
Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q1 2024 Calculation
Net profit margin = 100
× (Net incomeQ1 2024
+ Net incomeQ4 2023
+ Net incomeQ3 2023
+ Net incomeQ2 2023)
÷ (RevenueQ1 2024
+ RevenueQ4 2023
+ RevenueQ3 2023
+ RevenueQ2 2023)
= 100 × (1,105 + 1,371 + 1,709 + 1,722)
÷ (3,661 + 4,077 + 4,532 + 4,531)
= 35.16%
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. net profit margin ratio deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
Return on Equity (ROE)
Texas Instruments Inc., ROE calculation (quarterly data)
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Net income | 1,105) | 1,371) | 1,709) | 1,722) | 1,708) | 1,962) | 2,295) | 2,291) | 2,201) | 2,138) | 1,947) | 1,931) | 1,753) | 1,688) | 1,353) | 1,380) | 1,174) | 1,070) | 1,425) | 1,305) | 1,217) | |||||||
| Stockholders’ equity | 16,983) | 16,897) | 16,631) | 15,940) | 15,243) | 14,577) | 14,507) | 14,092) | 14,017) | 13,333) | 12,151) | 11,153) | 10,166) | 9,187) | 8,325) | 7,644) | 7,734) | 8,907) | 8,985) | 8,486) | 8,519) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| ROE1 | 34.78% | 38.53% | 42.70% | 48.22% | 54.16% | 60.02% | 61.52% | 60.86% | 58.62% | 58.27% | 60.23% | 60.30% | 60.73% | 60.90% | 59.78% | 66.05% | 64.31% | 56.33% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| ROE, Competitors2 | ||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | 1.53% | 0.38% | -0.05% | 0.72% | 2.41% | 4.17% | 5.67% | 6.13% | 42.18% | 55.62% | 48.63% | 44.51% | 42.66% | 22.73% | 18.43% | 16.04% | 12.06% | — | — | — | |||||||
| Analog Devices Inc. | 7.92% | 9.32% | 10.45% | 10.06% | 9.39% | 7.54% | 5.15% | 4.43% | 3.43% | 3.66% | 13.87% | 12.83% | 11.63% | 10.17% | 9.44% | 9.59% | 10.37% | 11.64% | 12.88% | 13.37% | 13.66% | |||||||
| Applied Materials Inc. | 41.07% | 41.94% | 42.69% | 45.93% | 48.06% | 53.51% | 55.06% | 58.35% | 55.09% | 48.08% | 44.00% | 36.95% | 33.62% | 34.21% | 33.30% | 32.31% | 32.64% | 32.94% | 35.53% | 42.51% | 48.11% | |||||||
| Broadcom Inc. | 16.55% | 58.70% | 63.03% | 62.20% | 54.90% | 50.62% | 48.50% | 42.58% | 34.09% | 26.99% | 24.94% | 20.40% | 16.49% | 12.40% | 10.54% | 10.48% | 10.83% | 10.92% | 13.91% | 15.66% | 27.99% | |||||||
| Intel Corp. | — | 1.60% | -1.61% | -0.91% | -2.91% | 7.90% | 13.32% | 18.88% | 23.87% | 20.83% | 23.42% | 21.78% | 23.30% | 25.79% | 29.44% | 28.85% | 29.78% | 27.16% | — | — | — | |||||||
| KLA Corp. | 103.76% | 116.01% | 130.76% | 136.01% | 156.01% | 237.04% | 77.19% | 73.76% | 70.61% | 61.53% | 59.60% | 46.59% | 46.99% | 45.65% | 44.35% | 42.61% | 42.32% | 44.21% | 45.86% | 88.93% | 58.52% | |||||||
| Lam Research Corp. | 49.36% | 54.94% | 58.49% | 61.71% | 65.45% | 73.35% | 75.35% | 70.88% | 73.28% | 64.85% | 64.42% | 53.86% | 48.15% | 43.53% | 46.21% | 47.26% | 43.02% | 46.89% | 50.48% | 50.17% | 43.65% | |||||||
| Micron Technology Inc. | -16.02% | -13.22% | -6.41% | 3.41% | 12.55% | 17.41% | 20.12% | 18.86% | 16.04% | 13.34% | 9.77% | 7.86% | 7.51% | 6.89% | 5.98% | 6.20% | 9.62% | 17.59% | 28.53% | 37.78% | 43.55% | |||||||
| NVIDIA Corp. | 19.55% | 19.76% | 27.90% | 32.45% | 35.93% | 36.65% | 34.49% | 33.48% | 28.37% | 25.64% | 24.95% | 24.36% | 25.34% | 22.91% | 21.50% | 26.53% | 33.91% | 44.33% | — | — | — | |||||||
| ON Semiconductor Corp. | — | 28.06% | 29.73% | 27.98% | 28.44% | 30.74% | 30.48% | 31.94% | 29.01% | 22.02% | 16.31% | 13.84% | 9.32% | 6.62% | 5.89% | -0.61% | 2.60% | 6.41% | — | — | — | |||||||
| Qualcomm Inc. | 33.67% | 33.51% | 41.68% | 53.52% | 62.58% | 71.81% | 80.15% | 83.73% | 88.12% | 90.88% | 112.56% | 108.05% | 91.17% | 85.54% | 83.00% | 132.94% | 94.02% | 89.35% | 62.00% | 63.55% | 59.64% | |||||||
Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q1 2024 Calculation
ROE = 100
× (Net incomeQ1 2024
+ Net incomeQ4 2023
+ Net incomeQ3 2023
+ Net incomeQ2 2023)
÷ Stockholders’ equity
= 100 × (1,105 + 1,371 + 1,709 + 1,722)
÷ 16,983 = 34.78%
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. ROE deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
Return on Assets (ROA)
Texas Instruments Inc., ROA calculation (quarterly data)
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Net income | 1,105) | 1,371) | 1,709) | 1,722) | 1,708) | 1,962) | 2,295) | 2,291) | 2,201) | 2,138) | 1,947) | 1,931) | 1,753) | 1,688) | 1,353) | 1,380) | 1,174) | 1,070) | 1,425) | 1,305) | 1,217) | |||||||
| Total assets | 34,885) | 32,348) | 31,638) | 30,939) | 29,220) | 27,207) | 26,057) | 24,723) | 25,276) | 24,676) | 23,273) | 20,603) | 19,639) | 19,351) | 18,207) | 17,445) | 17,283) | 18,018) | 17,992) | 17,384) | 17,443) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| ROA1 | 16.93% | 20.12% | 22.44% | 24.85% | 28.25% | 32.16% | 34.25% | 34.69% | 32.51% | 31.48% | 31.45% | 32.64% | 31.44% | 28.91% | 27.34% | 28.94% | 28.78% | 27.84% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| ROA, Competitors2 | ||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | 1.26% | 0.31% | -0.04% | 0.58% | 1.95% | 3.35% | 4.64% | 5.07% | 25.46% | 35.59% | 32.14% | 28.70% | 27.78% | 12.52% | 9.25% | 8.30% | 5.66% | — | — | — | |||||||
| Analog Devices Inc. | 5.82% | 6.79% | 7.60% | 7.32% | 6.83% | 5.46% | 3.75% | 3.23% | 2.50% | 2.66% | 7.86% | 7.23% | 6.56% | 5.69% | 5.15% | 5.21% | 5.67% | 6.37% | 7.04% | 7.21% | 7.25% | |||||||
| Applied Materials Inc. | 22.69% | 22.31% | 21.19% | 22.31% | 23.07% | 24.41% | 25.40% | 26.54% | 25.76% | 22.80% | 21.68% | 18.40% | 16.55% | 16.19% | 15.05% | 13.37% | 14.30% | 14.22% | 15.34% | 18.57% | 20.87% | |||||||
| Broadcom Inc. | 6.54% | 19.33% | 19.44% | 19.10% | 17.54% | 15.69% | 14.20% | 12.45% | 10.69% | 8.91% | 8.00% | 6.47% | 5.14% | 3.90% | 3.13% | 3.08% | 3.26% | 4.04% | 4.29% | 4.90% | 9.01% | |||||||
| Intel Corp. | — | 0.88% | -0.87% | -0.50% | -1.54% | 4.40% | 7.61% | 11.21% | 13.96% | 11.80% | 12.56% | 12.00% | 12.35% | 13.65% | 15.11% | 15.51% | 15.39% | 15.42% | — | — | — | |||||||
| KLA Corp. | 21.95% | 24.07% | 25.64% | 25.79% | 24.99% | 26.37% | 26.21% | 25.57% | 24.46% | 20.23% | 18.68% | 13.93% | 13.85% | 13.11% | 11.57% | 12.30% | 12.20% | 13.05% | 14.22% | 25.35% | 16.25% | |||||||
| Lam Research Corp. | 21.43% | 24.02% | 25.55% | 26.68% | 25.91% | 26.78% | 27.37% | 27.51% | 27.40% | 24.59% | 22.64% | 19.28% | 17.33% | 15.47% | 16.21% | 17.37% | 17.21% | 18.26% | 20.71% | 26.95% | 21.20% | |||||||
| Micron Technology Inc. | -10.78% | -9.08% | -4.43% | 2.42% | 9.11% | 13.11% | 15.18% | 14.17% | 12.02% | 9.96% | 7.38% | 5.91% | 5.59% | 5.01% | 4.35% | 4.63% | 7.07% | 12.91% | 21.77% | 27.50% | 33.08% | |||||||
| NVIDIA Corp. | 10.78% | 10.61% | 14.71% | 17.80% | 20.92% | 22.07% | 20.20% | 18.32% | 17.30% | 15.05% | 14.23% | 13.46% | 14.27% | 16.15% | 15.25% | 18.56% | 23.47% | 31.15% | — | — | — | |||||||
| ON Semiconductor Corp. | — | 16.52% | 16.76% | 15.31% | 14.94% | 15.88% | 15.53% | 15.96% | 14.20% | 10.49% | 7.52% | 6.09% | 3.92% | 2.70% | 2.18% | -0.21% | 0.89% | 2.51% | — | — | — | |||||||
| Qualcomm Inc. | 14.89% | 14.17% | 17.58% | 21.80% | 23.54% | 26.39% | 27.35% | 25.19% | 23.32% | 21.93% | 23.74% | 21.58% | 17.95% | 14.60% | 8.49% | 12.67% | 12.81% | 13.31% | 9.92% | 7.22% | 6.30% | |||||||
Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q1 2024 Calculation
ROA = 100
× (Net incomeQ1 2024
+ Net incomeQ4 2023
+ Net incomeQ3 2023
+ Net incomeQ2 2023)
÷ Total assets
= 100 × (1,105 + 1,371 + 1,709 + 1,722)
÷ 34,885 = 16.93%
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. ROA deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |