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STMicroelectronics N.V. (STM) 10-Year Financial Performance & Capital Metrics

STM • • Industrial / General
TechnologySemiconductorsAnalog & Mixed-Signal SemiconductorsPower Management & Analog ICs
AboutSTMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The Automotive and Discrete Group segment offers automotive integrated circuits (ICs), and discrete and power transistor products. The Analog, MEMS and Sensors Group segment provides industrial application-specific integrated circuits (ASICs) and application-specific standard products (ASSPs); general purpose analog products; custom analog ICs; wireless charging solutions; galvanic isolated gate drivers; low and high voltage amplifiers, comparators, and current-sense amplifiers; MasterGaN, a solution that integrates a silicon driver and GaN power transistors in a single package; wireline and wireless connectivity ICs; touch screen controllers; micro-electro-mechanical systems (MEMS) products, including sensors or actuators; and optical sensing solutions. The Microcontrollers and Digital ICs Group segment offers general purpose and secure microcontrollers; and radio frequency (RF) products. It also offers application-specific standard products for analog, digital and mixed-signal applications. In addition, the company provides assembly and other services. It sells its products through distributors and retailers, as well as through sales representatives. The company serves automotive, industrial, personal electronics and communications equipment, and computers and peripherals markets. STMicroelectronics N.V. was incorporated in 1987 and is headquartered in Schiphol, the Netherlands.Show more
  • Revenue $13.27B -23.2%
  • EBITDA $3.44B -44.3%
  • Net Income $1.56B -63.0%
  • EPS (Diluted) 1.66 -62.8%
  • Gross Margin 39.34% -17.9%
  • EBITDA Margin 25.89% -27.5%
  • Operating Margin 12.63% -52.6%
  • Net Margin 11.73% -51.8%
  • ROE 9.02% -68.3%
  • ROIC 7.11% -70.0%
  • Debt/Equity 0.18 -4.9%
  • Interest Coverage 19.72 -76.5%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 24.5%
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Healthy 5Y average net margin of 17.4%
  • ✓Trading at only 1.5x book value

✗Weaknesses

  • ✗Negative free cash flow

* 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

10Y6.01%
5Y6.79%
3Y1.31%
TTM-17.23%

Profit (Net Income) CAGR

10Y27.15%
5Y8.57%
3Y-8.01%
TTM-72.83%

EPS CAGR

10Y28.06%
5Y7.81%
3Y-8.4%
TTM-76.54%

ROCE

10Y Avg14.71%
5Y Avg19.32%
3Y Avg21.32%
Latest8.04%

Peer Comparison

Power Management & Analog ICs
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
POWIPower Integrations, Inc.2.41B43.4877.64-5.75%4.03%2.67%2.66%
DIODDiodes Incorporated2.67B57.4760.49-21.1%4.49%3.3%1.74%0.05
TXNTexas Instruments Incorporated171.84B189.1236.37-10.72%29.21%30.33%0.87%0.80
MPWRMonolithic Power Systems, Inc.48.36B1009.5427.5921.2%71.22%53.12%1.33%0.01
STMSTMicroelectronics N.V.24.88B28.0016.87-23.24%5.29%3.42%0.18
ONON Semiconductor Corporation24.26B60.2816.61-14.19%5.16%4.03%5%0.38
MXMagnachip Semiconductor Corporation103.99M2.89-2.010.73%-18.84%-14.85%0.11
AOSLAlpha and Omega Semiconductor Limited676.08M22.49-6.825.92%-13.86%-11.58%0.06

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+6.9B6.97B8.35B9.66B9.56B10.22B12.76B16.13B17.29B13.27B
Revenue Growth %-0.07%0.01%0.2%0.16%-0.01%0.07%0.25%0.26%0.07%-0.23%
Cost of Goods Sold+4.91B4.73B5.31B6.1B5.86B6.43B7.43B8.49B9B8.05B
COGS % of Revenue0.71%0.68%0.64%0.63%0.61%0.63%0.58%0.53%0.52%0.61%
Gross Profit+1.99B2.24B3.03B3.57B3.7B3.79B5.33B7.63B8.29B5.22B
Gross Margin %0.29%0.32%0.36%0.37%0.39%0.37%0.42%0.47%0.48%0.39%
Gross Profit Growth %-0.04%0.13%0.35%0.18%0.04%0.03%0.41%0.43%0.09%-0.37%
Operating Expenses+1.86B2.06B1.99B2.19B2.49B2.47B2.91B3.2B3.68B3.54B
OpEx % of Revenue0.27%0.3%0.24%0.23%0.26%0.24%0.23%0.2%0.21%0.27%
Selling, General & Admin891M920M993M1.11B1.11B1.11B1.32B1.45B1.63B1.65B
SG&A % of Revenue0.13%0.13%0.12%0.11%0.12%0.11%0.1%0.09%0.09%0.12%
Research & Development1.11B1.13B1.05B1.13B1.62B1.55B1.72B1.9B2.1B2.08B
R&D % of Revenue0.16%0.16%0.13%0.12%0.17%0.15%0.14%0.12%0.12%0.16%
Other Operating Expenses2M0-8M-1M-240M-191M-139M-159M-55M-182M
Operating Income+109M271M1.08B1.35B1.2B1.32B2.42B4.44B4.61B1.68B
Operating Margin %0.02%0.04%0.13%0.14%0.13%0.13%0.19%0.28%0.27%0.13%
Operating Income Growth %-0.26%1.49%2.98%0.26%-0.11%0.1%0.83%0.84%0.04%-0.64%
EBITDA+1B967M1.73B2.15B2.06B2.25B3.46B5.66B6.17B3.44B
EBITDA Margin %0.15%0.14%0.21%0.22%0.22%0.22%0.27%0.35%0.36%0.26%
EBITDA Growth %-0.13%-0.03%0.79%0.24%-0.04%0.09%0.54%0.63%0.09%-0.44%
D&A (Non-Cash Add-back)892M696M650M791M854M923M1.04B1.22B1.56B1.76B
EBIT129M241M1B1.44B1.19B1.32B2.38B4.5B4.82B1.96B
Net Interest Income+-22M-20M-22M-7M1M-20M-29M58M171M218M
Interest Income18M20M30M47M55M34M13M71M226M303M
Interest Expense40M40M52M54M54M54M42M13M55M85M
Other Income/Expense-20M-26M-52M-11M-14M-56M-82M47M152M202M
Pretax Income+139M153M343M1.76B1.19B1.27B2.34B4.49B4.76B1.88B
Pretax Margin %0.02%0.02%0.04%0.18%0.12%0.12%0.18%0.28%0.28%0.14%
Income Tax+-42M27M117M125M156M159M331M520M541M313M
Effective Tax Rate %1.26%0.79%0.64%0.93%0.87%0.87%0.86%0.88%0.88%0.83%
Net Income+175M121M218M1.63B1.03B1.11B2B3.96B4.21B1.56B
Net Margin %0.03%0.02%0.03%0.17%0.11%0.11%0.16%0.25%0.24%0.12%
Net Income Growth %0.24%-0.31%0.8%6.47%-0.37%0.07%0.81%0.98%0.06%-0.63%
Net Income (Continuing)110M163M812M1.28B1.03B1.11B2.01B3.97B4.22B1.56B
Discontinued Operations0000000000
Minority Interest61M61M63M65M68M58M64M65M123M230M
EPS (Diluted)+0.120.190.891.791.141.202.164.744.461.66
EPS Growth %-0.14%0.58%3.68%1.01%-0.36%0.05%0.8%1.19%-0.06%-0.63%
EPS (Basic)0.120.190.911.811.151.242.214.774.661.73
Diluted Shares Outstanding880.55M886.25M906.09M910.96M903.65M919.73M923.76M912.27M944.2M938.6M
Basic Shares Outstanding876.51M881.25M884.71M899.36M894.3M894.58M904.33M905.61M903.51M900M
Dividend Payout Ratio2%2.07%0.98%0.13%0.21%0.15%0.1%0.05%0.05%0.18%

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+4.68B4.39B5.1B5.87B6.26B7.61B7.83B9.82B11.81B11.73B
Cash & Short-Term Investments2.11B1.96B2.19B2.6B2.73B3.72B3.52B4.52B6.08B6.18B
Cash Only1.77B1.63B1.76B2.27B2.6B3.01B3.23B3.26B3.22B2.28B
Short-Term Investments335M335M431M330M137M714M291M1.26B2.86B3.9B
Accounts Receivable820M939M1.15B1.28B1.38B1.47B1.76B1.97B1.73B2.44B
Days Sales Outstanding43.449.1550.2448.2352.7152.3350.3144.5836.5567.04
Inventory1.25B1.17B1.33B1.57B1.69B1.84B1.98B2.58B2.7B2.79B
Days Inventory Outstanding93.0590.591.7193.82105.33104.597.1111.01109.43126.7
Other Current Assets447M264M386M388M396M514M581M747M1.29B319M
Total Non-Current Assets+3.52B3.62B4.58B5.01B5.61B6.84B7.71B10.18B12.65B13.01B
Property, Plant & Equipment2.32B2.29B3.09B3.5B4.01B4.6B5.66B8.2B10.55B10.88B
Fixed Asset Turnover2.97x3.05x2.70x2.77x2.38x2.22x2.25x1.97x1.64x1.22x
Goodwill76M116M123M121M162M330M313M297M303M290M
Intangible Assets166M195M209M212M299M445M438M405M367M346M
Long-Term Investments76M76M77M80M34M35M39M37M53M108M
Other Non-Current Assets440M415M455M433M414M699M610M635M777M924M
Total Assets+8.2B8B9.68B10.87B11.87B14.45B15.54B19.98B24.45B24.74B
Asset Turnover0.84x0.87x0.86x0.89x0.81x0.71x0.82x0.81x0.71x0.54x
Asset Growth %-0.09%-0.02%0.21%0.12%0.09%0.22%0.08%0.29%0.22%0.01%
Total Current Liabilities+1.56B1.59B2.02B2.12B2.06B3.05B2.95B3.84B3.73B3.77B
Accounts Payable525M620M893M981M950M1.17B1.58B2.12B1.86B1.32B
Days Payables Outstanding39.0547.8361.3558.7459.1766.1977.6691.275.2859.99
Short-Term Debt191M117M118M146M173M795M143M175M217M990M
Deferred Revenue (Current)1000K1000K1000K1000K1000K01000K1000K1000K1000K
Other Current Liabilities401M467M494M498M493M649M792M837M960M910M
Current Ratio3.00x2.76x2.52x2.77x3.03x2.49x2.66x2.56x3.17x3.11x
Quick Ratio2.20x2.02x1.86x2.03x2.21x1.89x1.99x1.89x2.44x2.37x
Cash Conversion Cycle97.491.8280.6183.3298.8690.6469.7564.470.7133.74
Total Non-Current Liabilities+1.94B1.82B2.19B2.32B2.69B2.9B3.32B3.39B3.87B3.29B
Long-Term Debt1.42B1.33B1.58B1.76B1.9B1.83B2.4B2.54B2.71B1.96B
Capital Lease Obligations0000152M142M148M141M188M160M
Deferred Tax Liabilities12M5M11M14M19M75M64M60M54M47M
Other Non-Current Liabilities509M481M600M545M623M852M710M571M742M724M
Total Liabilities3.5B3.41B4.21B4.44B4.76B5.95B6.27B7.22B7.6B7.06B
Total Debt+1.61B1.45B1.7B1.91B2.28B2.82B2.74B2.91B3.17B3.17B
Net Debt-159M-178M-58M-356M-318M-189M-483M-348M-49M885M
Debt / Equity0.34x0.32x0.31x0.30x0.32x0.33x0.30x0.23x0.19x0.18x
Debt / EBITDA1.61x1.50x0.98x0.89x1.11x1.25x0.79x0.51x0.51x0.92x
Net Debt / EBITDA-0.16x-0.18x-0.03x-0.17x-0.15x-0.08x-0.14x-0.06x-0.01x0.26x
Interest Coverage2.73x6.78x20.75x25.09x22.28x24.50x57.60x341.46x83.84x19.72x
Total Equity+4.69B4.6B5.47B6.42B7.11B8.51B9.27B12.76B16.85B17.68B
Equity Growth %-0.07%-0.02%0.19%0.18%0.11%0.2%0.09%0.38%0.32%0.05%
Book Value per Share5.335.196.037.057.879.2510.0413.9817.8518.84
Total Shareholders' Equity4.63B4.54B5.4B6.36B7.04B8.45B9.21B12.69B16.73B17.45B
Common Stock1.16B1.16B1.16B1.16B1.16B1.16B1.16B1.16B1.16B1.16B
Retained Earnings525M431M973M1.99B2.75B3.6B5.22B8.71B12.47B13.46B
Treasury Stock-289M-242M-132M-141M-328M-93M-200M-268M-377M-491M
Accumulated OCI460M371M688M509M475M723M496M460M613M236M
Minority Interest61M61M63M65M68M58M64M65M123M230M

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+846M1.04B1.68B1.84B1.87B2.09B3.06B5.2B5.99B2.96B
Operating CF Margin %0.12%0.15%0.2%0.19%0.2%0.2%0.24%0.32%0.35%0.22%
Operating CF Growth %0.18%0.23%0.61%0.1%0.01%0.12%0.46%0.7%0.15%-0.51%
Net Income104M165M802M1.29B1.03B1.11B2.01B3.97B4.21B1.56B
Depreciation & Amortization736M696M650M791M854M923M1.04B1.22B1.56B1.76B
Stock-Based Compensation41M42M66M121M145M155M221M215M236M222M
Deferred Taxes-113M-38M33M284M25M-8M45M3M19M124M
Other Non-Cash Items39M240M431M-233M-90M-106M-112M-68M-113M-203M
Working Capital Changes42M-58M-300M-409M-99M21M-145M-130M78M-495M
Change in Receivables81M-121M-206M-155M-103M-72M-307M-231M229M-32M
Change in Inventory-39M63M-94M-254M-142M-84M-188M-650M-72M-167M
Change in Payables-46M68M141M4M-14M161M95M240M-238M-35M
Cash from Investing+-516M-727M-1.47B-1.21B-1.17B-2.04B-1.52B-4.59B-5.77B-3.74B
Capital Expenditures-529M-611M-1.3B-1.26B-1.22B-1.28B-1.84B-3.55B-4.44B-3.09B
CapEx % of Revenue0.08%0.09%0.16%0.13%0.13%0.13%0.14%0.22%0.26%0.23%
Acquisitions----------
Investments----------
Other Investing13M-38M-68M51M-20M-71M-85M-62M231M353M
Cash from Financing+-560M-439M-106M-122M-343M348M-1.31B-567M-267M-155M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-350M-251M-214M-216M-214M-168M-205M-212M-223M-288M
Share Repurchases----------
Other Financing-10M-10M24M-4M-16M-37M-55M-75M142M395M
Net Change in Cash----------
Free Cash Flow+317M432M376M582M646M735M1.12B1.57B1.46B-216M
FCF Margin %0.05%0.06%0.05%0.06%0.07%0.07%0.09%0.1%0.08%-0.02%
FCF Growth %0.51%0.36%-0.13%0.55%0.11%0.14%0.53%0.39%-0.07%-1.15%
FCF per Share0.360.490.410.640.710.801.221.721.54-0.23
FCF Conversion (FCF/Net Income)4.83x8.62x7.69x1.13x1.81x1.89x1.53x1.31x1.42x1.90x
Interest Paid15M13M12M12M13M7M2M2M31M67M
Taxes Paid41M42M52M60M130M138M279M416M489M197M

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)3.59%2.61%4.33%27.4%15.25%14.16%22.5%35.95%28.44%9.02%
Return on Invested Capital (ROIC)1.74%4.54%16.47%17.71%14.03%13.13%21.21%31.41%23.68%7.11%
Gross Margin28.85%32.15%36.35%36.92%38.68%37.08%41.74%47.34%47.94%39.34%
Net Margin2.54%1.74%2.61%16.86%10.8%10.82%15.67%24.55%24.36%11.73%
Debt / Equity0.34x0.32x0.31x0.30x0.32x0.33x0.30x0.23x0.19x0.18x
Interest Coverage2.73x6.78x20.75x25.09x22.28x24.50x57.60x341.46x83.84x19.72x
FCF Conversion4.83x8.62x7.69x1.13x1.81x1.89x1.53x1.31x1.42x1.90x
Revenue Growth-6.85%1.1%19.7%15.78%-1.12%6.94%24.88%26.39%7.18%-23.24%

Revenue by Segment

2015201620172018201920202021202220232024
Product---9.61B---16.08B17.24B13.22B
Product Growth--------7.19%-23.33%
Service---151M---130M145M196M
Service Growth--------11.54%35.17%
Product and Service, Other--------47M52M
Product and Service, Other Growth---------10.64%
Product And Service Other----27M38M32M45M--
Product And Service Other Growth-----40.74%-15.79%40.63%--
Other Revenues---52M------
Other Revenues Growth----------
Others23M291M29M-------
Others Growth-1165.22%-90.03%-------
Automotive And Discrete Group-2.81B--------
Automotive And Discrete Group Growth----------
Microcontrollers And Digital Ics Group-2.29B--------
Microcontrollers And Digital Ics Group Growth----------
Analog and MEMS Group-1.58B--------
Analog and MEMS Group Growth----------
Products6.87B---------
Products Growth----------

Revenue by Geography

2015201620172018201920202021202220232024
SINGAPORE3.61B3.7B4.44B4.87B---8.6B8.14B6.81B
SINGAPORE Growth-2.58%20.14%9.65%-----5.42%-16.34%
SWITZERLAND-------4.57B5.75B3.94B
SWITZERLAND Growth--------25.96%-31.47%
UNITED STATES1.04B990M1.01B1.13B---1.98B2.28B1.67B
UNITED STATES Growth--4.72%2.22%11.86%----15.04%-26.81%
JAPAN332M323M463M534M---758M890M657M
JAPAN Growth--2.71%43.34%15.33%----17.41%-26.18%
FRANCE169M134M123M127M---153M158M147M
FRANCE Growth--20.71%-8.21%3.25%----3.27%-6.96%
ITALY58M58M60M64M---47M54M34M
ITALY Growth-0.00%3.45%6.67%----14.89%-37.04%
Other Foreign Country26M18M22M17M---16M12M11M
Other Foreign Country Growth--30.77%22.22%-22.73%-----25.00%-8.33%
Asia Pacific---5.92B5.94B7.09B8.68B---
Asia Pacific Growth----0.30%19.33%22.45%---
E M E A----2.27B1.97B2.56B---
E M E A Growth------13.20%30.06%---
Americas---1.26B1.35B1.17B1.52B---
Americas Growth----6.88%-13.77%30.90%---
NETHERLANDS1.67B1.75B2.22B2.92B------
NETHERLANDS Growth-5.04%26.96%31.22%------
EMEA---2.48B------
EMEA Growth----------

Frequently Asked Questions

Valuation & Price

STMicroelectronics N.V. (STM) has a price-to-earnings (P/E) ratio of 16.9x. This is roughly in line with market averages.

Growth & Financials

STMicroelectronics N.V. (STM) reported $11.78B in revenue for fiscal year 2024. This represents a 21% increase from $9.73B in 2011.

STMicroelectronics N.V. (STM) saw revenue decline by 23.2% over the past year.

Yes, STMicroelectronics N.V. (STM) is profitable, generating $623.0M in net income for fiscal year 2024 (11.7% net margin).

Dividend & Returns

Yes, STMicroelectronics N.V. (STM) pays a dividend with a yield of 1.10%. This makes it attractive for income-focused investors.

STMicroelectronics N.V. (STM) has a return on equity (ROE) of 9.0%. This is below average, suggesting room for improvement.

STMicroelectronics N.V. (STM) generated $106.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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