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GLOBALFOUNDRIES Inc. (GFS) 10-Year Financial Performance & Capital Metrics

GFS • • Industrial / General
TechnologySemiconductorsSemiconductor Foundry & Packaging ServicesFoundry Services
AboutGLOBALFOUNDRIES Inc. operates as a semiconductor foundry worldwide. It manufactures integrated circuits, which enable various electronic devices that are pervasive. The company manufactures a range of semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, power management units, and microelectromechanical systems, as well as offers mainstream wafer fabrication services and technologies. The company was founded in 2009 and is based in Malta, New York.Show more
  • Revenue $6.75B -8.7%
  • EBITDA $1.35B -47.5%
  • Net Income -$265M -126.0%
  • EPS (Diluted) -0.48 -126.2%
  • Gross Margin 24.46% -13.9%
  • EBITDA Margin 20.06% -42.5%
  • Operating Margin -3.17% -120.8%
  • Net Margin -3.93% -128.5%
  • ROE -2.41% -125.0%
  • ROIC -1.43% -118.5%
  • Debt/Equity 0.21 -13.2%
  • Interest Coverage -1.48 -117.9%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓FCF machine: 16.3% free cash flow margin

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y3.03%
3Y0.83%
TTM0.25%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-105.93%

EPS CAGR

10Y-
5Y-
3Y-
TTM-106.72%

ROCE

10Y Avg-2.25%
5Y Avg-0.03%
3Y Avg5.01%
Latest-1.49%

Peer Comparison

Foundry Services
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Valuation
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Growth
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Quality & Returns
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Momentum & Returns
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Technical
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Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
TSEMTower Semiconductor Ltd.13.94B124.0067.030.94%12.92%6.9%0.09%0.07
TSMTaiwan Semiconductor Manufacturing Company Limited1.77T341.641.5333.89%43.29%31.22%49.11%0.24
UMCUnited Microelectronics Corporation22.08B8.770.474.39%17.01%11.12%24.13%0.19
GFSGLOBALFOUNDRIES Inc.23.08B41.53-86.52-8.69%-0.65%-0.37%4.75%0.21
SKYTSkyWater Technology, Inc.1.55B32.03-228.7919.39%36.36%63.09%0.46%1.21

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+5.81B4.85B6.58B8.11B7.39B6.75B
Revenue Growth %--0.17%0.36%0.23%-0.09%-0.09%
Cost of Goods Sold+6.35B5.56B5.57B5.87B5.29B5.1B
COGS % of Revenue1.09%1.15%0.85%0.72%0.72%0.76%
Gross Profit+-532.24M-712M1.01B2.24B2.1B1.65B
Gross Margin %-0.09%-0.15%0.15%0.28%0.28%0.24%
Gross Profit Growth %--0.34%2.42%1.21%-0.06%-0.21%
Operating Expenses+1.09B944M1.07B1.07B972M1.86B
OpEx % of Revenue0.19%0.19%0.16%0.13%0.13%0.28%
Selling, General & Admin358.94M330M546M451M448M401M
SG&A % of Revenue0.06%0.07%0.08%0.06%0.06%0.06%
Research & Development582.97M476M478M482M428M496M
R&D % of Revenue0.1%0.1%0.07%0.06%0.06%0.07%
Other Operating Expenses150.64M138M49M139M96M968M
Operating Income+-1.62B-1.66B-60M1.17B1.13B-214M
Operating Margin %-0.28%-0.34%-0.01%0.14%0.15%-0.03%
Operating Income Growth %--0.02%0.96%20.45%-0.03%-1.19%
EBITDA+1.05B866M1.56B2.79B2.58B1.35B
EBITDA Margin %0.18%0.18%0.24%0.34%0.35%0.2%
EBITDA Growth %--0.18%0.8%0.79%-0.08%-0.48%
D&A (Non-Cash Add-back)2.68B2.52B1.62B1.62B1.45B1.57B
EBIT-944.35M-1.23B-77M1.62B1.19B-64M
Net Interest Income+-218.8M-151.29M-108M-66M12M56M
Interest Income11.38M3.1M5.7M51M149M201M
Interest Expense230.18M154.39M113.7M117M137M145M
Other Income/Expense477.67M291M-116M365M-45M44M
Pretax Income+-1.15B-1.36B-176M1.53B1.08B-170M
Pretax Margin %-0.2%-0.28%-0.03%0.19%0.15%-0.03%
Income Tax+224.06M-12M78M86M66M92M
Effective Tax Rate %1.2%0.99%1.42%0.95%0.94%1.56%
Net Income+-1.37B-1.35B-250M1.45B1.02B-265M
Net Margin %-0.24%-0.28%-0.04%0.18%0.14%-0.04%
Net Income Growth %-0.02%0.81%6.79%-0.3%-1.26%
Net Income (Continuing)-1.37B-1.35B-254M1.45B1.02B-262M
Discontinued Operations000000
Minority Interest065.13M58M47M47M48M
EPS (Diluted)+-2.66-2.54-0.492.621.83-0.48
EPS Growth %-0.05%0.81%6.35%-0.3%-1.26%
EPS (Basic)-2.66-2.54-0.492.691.85-0.48
Diluted Shares Outstanding515.92M531.85M505.76M552M556M553M
Basic Shares Outstanding515.92M531.85M505.76M539M552M553M
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+3.51B2.99B5.29B5.8B6.33B6.42B
Cash & Short-Term Investments997.32M908.08M2.96B3.05B3.47B3.39B
Cash Only997.32M908.08M2.94B2.35B2.39B2.19B
Short-Term Investments0025M701M1.08B1.19B
Accounts Receivable1.78B975.7M1.21B1.41B1.37B1.39B
Days Sales Outstanding111.8273.4166.9663.3867.5575.33
Inventory351.92M919.52M1.12B1.34B1.49B1.62B
Days Inventory Outstanding20.2460.3373.4383.27102.58116.25
Other Current Assets357.36M382.58M00013M
Total Non-Current Assets+10.98B9.33B9.74B12.04B11.72B10.38B
Property, Plant & Equipment9.61B8.23B8.71B10.6B10.16B8.26B
Fixed Asset Turnover0.60x0.59x0.76x0.77x0.73x0.82x
Goodwill5.48M18.02M18M18M18M75M
Intangible Assets629.3M529.92M359M345M373M585M
Long-Term Investments85.5M49.44M260.41M509M578M1.05B
Other Non-Current Assets243.76M67.76M33.59M281M343M227M
Total Assets+14.5B12.32B15.03B17.84B18.04B16.8B
Asset Turnover0.40x0.39x0.44x0.45x0.41x0.40x
Asset Growth %--0.15%0.22%0.19%0.01%-0.07%
Total Current Liabilities+2.34B1.9B3.16B3.36B3.1B3.04B
Accounts Payable539.33M414.55M551M532M511M406M
Days Payables Outstanding31.0327.236.0933.0935.2529.06
Short-Term Debt686.91M381.81M297M223M571M753M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K
Other Current Liabilities240.4M352.68M234M200M151M305M
Current Ratio1.50x1.58x1.67x1.73x2.04x2.11x
Quick Ratio1.35x1.09x1.32x1.33x1.56x1.57x
Cash Conversion Cycle101.04106.55104.3113.57134.88162.51
Total Non-Current Liabilities+3.14B3.18B3.83B4.52B3.79B2.93B
Long-Term Debt2.04B1.96B1.72B2.29B1.8B1.05B
Capital Lease Obligations388.26M333.24M291M270M350M424M
Deferred Tax Liabilities591K8.42M2M26M00
Other Non-Current Liabilities515.08M745.44M308M318M288M475M
Total Liabilities5.48B5.08B7B7.88B6.89B5.97B
Total Debt+3.25B2.8B2.44B2.86B2.75B2.32B
Net Debt2.25B1.89B-500M504M367M128M
Debt / Equity0.36x0.39x0.30x0.29x0.25x0.21x
Debt / EBITDA3.08x3.24x1.57x1.02x1.07x1.71x
Net Debt / EBITDA2.14x2.19x-0.32x0.18x0.14x0.09x
Interest Coverage-7.06x-10.73x-0.53x9.97x8.24x-1.48x
Total Equity+9.02B7.24B8.03B9.96B11.15B10.82B
Equity Growth %--0.2%0.11%0.24%0.12%-0.03%
Book Value per Share17.4813.6215.8818.0420.0619.57
Total Shareholders' Equity9.02B7.18B7.97B9.91B11.1B10.78B
Common Stock10M10M11M11M11M11M
Retained Earnings-13.87B-15.22B-15.47B-14.02B-13B-13.27B
Treasury Stock000000
Accumulated OCI11.17B10.68B-54M92M67M17M
Minority Interest065.13M58M47M47M48M

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+496.82M1B2.84B2.62B2.13B1.72B
Operating CF Margin %0.09%0.21%0.43%0.32%0.29%0.26%
Operating CF Growth %-1.02%1.83%-0.08%-0.19%-0.19%
Net Income-1.37B-1.35B-254M1.45B1.02B-262M
Depreciation & Amortization2.68B2.52B1.62B1.62B1.45B1.57B
Stock-Based Compensation01M223M181M150M186M
Deferred Taxes214.27M-38M93M82M50M72M
Other Non-Cash Items-739.65M-187M-71M-542M-37M777M
Working Capital Changes-284.85M59M1.23B-166M-507M-619M
Change in Receivables-143.71M753M-387M35M-169M-71M
Change in Inventory-42.33M-560M-202M-261M-148M-137M
Change in Payables-96.87M-154.51M1.83B60M00
Cash from Investing+343.75M-366M-1.45B-4.06B-1.88B-1.13B
Capital Expenditures-587.93M-592M-1.77B-3.06B-1.8B-625M
CapEx % of Revenue0.1%0.12%0.27%0.38%0.24%0.09%
Acquisitions------
Investments------
Other Investing96.42M115M317M-3M160M65M
Cash from Financing+-683.83M-733M650M842M-212M-785M
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000000
Share Repurchases------
Other Financing307.19M311M117M93M5M-2M
Net Change in Cash------
Free Cash Flow+-276M412M1.07B-435M321M1.1B
FCF Margin %-0.05%0.08%0.16%-0.05%0.04%0.16%
FCF Growth %-2.49%1.6%-1.41%1.74%2.42%
FCF per Share-0.530.772.12-0.790.581.98
FCF Conversion (FCF/Net Income)-0.36x-0.74x-11.36x1.81x2.08x-6.50x
Interest Paid0000121M118M
Taxes Paid000021M24M

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)-15.2%-16.6%-3.27%16.1%9.66%-2.41%
Return on Invested Capital (ROIC)-10.81%-12.17%-0.54%9.73%7.7%-1.43%
Gross Margin-9.16%-14.68%15.38%27.61%28.42%24.46%
Net Margin-23.59%-27.83%-3.8%17.86%13.8%-3.93%
Debt / Equity0.36x0.39x0.30x0.29x0.25x0.21x
Interest Coverage-7.06x-10.73x-0.53x9.97x8.24x-1.48x
FCF Conversion-0.36x-0.74x-11.36x1.81x2.08x-6.50x
Revenue Growth--16.55%35.75%23.13%-8.83%-8.69%

Revenue by Segment

2021202220232024
Water Fabrication6.2B7.63B6.82B6.1B
Water Fabrication Growth-22.94%-10.58%-10.59%
Engineering And Other Pre-Fabrication Services381.01M481M572M652M
Engineering And Other Pre-Fabrication Services Growth-26.24%18.92%13.99%

Revenue by Geography

2021202220232024
UNITED STATES3.98B4.9B4.26B3.71B
UNITED STATES Growth-23.21%-12.98%-12.88%
Other Geographical Area1.8B2.03B1.6B1.61B
Other Geographical Area Growth-12.38%-21.25%1.06%
Europe, The Middle East, And Africa805.23M1.18B1.53B1.42B
Europe, The Middle East, And Africa Growth-46.79%29.70%-7.18%

Frequently Asked Questions

Growth & Financials

GLOBALFOUNDRIES Inc. (GFS) reported $6.79B in revenue for fiscal year 2024. This represents a 17% increase from $5.81B in 2019.

GLOBALFOUNDRIES Inc. (GFS) saw revenue decline by 8.7% over the past year.

GLOBALFOUNDRIES Inc. (GFS) reported a net loss of $44.0M for fiscal year 2024.

Dividend & Returns

GLOBALFOUNDRIES Inc. (GFS) has a return on equity (ROE) of -2.4%. Negative ROE indicates the company is unprofitable.

GLOBALFOUNDRIES Inc. (GFS) generated $1.17B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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