Last 48 quarters of trend data · Technology · Semiconductors
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Texas Instruments Incorporated's quarterly P/E stands at 28.7x, down 18.2% year-over-year — suggesting improving earnings relative to price.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 53.11 | 28.72 | 34.15 | 31.04 | 36.81 | 35.10 | 36.06 | 35.13 | 39.86 | 36.29 | 28.60 | 21.49 | 24.07 |
| — | -18.2% | -5.3% | -11.7% | -7.7% | -3.3% | +26.1% | +63.5% | +65.6% | +44.4% | +47.5% | +37.2% | +53.5% | |
| P/S Ratio | 14.90 | 9.19 | 8.95 | 8.85 | 10.64 | 10.11 | 10.75 | 11.45 | 11.69 | 10.91 | 9.56 | 8.03 | 9.10 |
| — | -9.1% | -16.7% | -22.6% | -9.0% | -7.3% | +12.4% | +42.5% | +28.5% | +12.1% | +18.0% | +17.9% | +32.7% | |
| P/B Ratio | 16.24 | 10.58 | 9.73 | 10.10 | 11.54 | 10.03 | 10.19 | 11.01 | 10.39 | 9.41 | 9.23 | 8.76 | 10.34 |
| — | +5.4% | -4.5% | -8.2% | +11.2% | +6.7% | +10.4% | +25.7% | +0.4% | -15.8% | -11.1% | -11.1% | +2.0% | |
| P/FCF | 101.24 | 52.56 | 29.80 | 42.28 | 85.29 | — | 53.45 | 114.21 | 88.15 | — | 50.25 | 82.38 | — |
| — | — | -44.3% | -63.0% | -3.2% | — | +6.4% | +38.6% | — | — | +42.8% | +355.8% | — | |
| EV / EBITDA | 34.37 | 25.33 | 21.01 | 20.49 | 24.50 | 24.70 | 25.41 | 25.82 | 29.15 | 26.01 | 22.10 | 17.44 | 19.00 |
| — | +2.5% | -17.3% | -20.7% | -15.9% | -5.0% | +15.0% | +48.1% | +53.4% | +30.9% | +37.0% | +38.9% | +53.9% | |
| EV / EBIT | 45.77 | 25.33 | 28.18 | 25.89 | 31.09 | 31.11 | 30.92 | 29.97 | 34.46 | 30.42 | 25.10 | 19.10 | 20.65 |
| — | -18.6% | -8.9% | -13.6% | -9.8% | +2.2% | +23.2% | +57.0% | +66.9% | +39.2% | +42.1% | +40.3% | +54.1% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Texas Instruments Incorporated's operating margin was 37.5% in Q1 2026, up 4.2 pp QoQ and up 4.9 pp YoY. The trailing four-quarter average of 35.2% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 57.0% | 58.0% | 55.9% | 57.4% | 57.9% | 56.8% | 57.7% | 59.6% | 57.8% | 57.2% | 59.6% | 62.1% | 64.2% |
| — | +2.1% | -3.2% | -3.7% | +0.1% | -0.7% | -3.2% | -4.0% | -9.9% | -12.5% | -9.8% | -10.0% | -7.7% | |
| Operating Margin | 34.1% | 37.5% | 33.3% | 35.1% | 35.1% | 32.5% | 34.4% | 37.4% | 32.7% | 35.1% | 37.6% | 41.7% | 43.5% |
| — | +15.2% | -3.1% | -6.3% | +7.6% | -7.4% | -8.6% | -10.3% | -25.0% | -20.5% | -19.3% | -18.3% | -16.7% | |
| Net Margin | 28.3% | 32.0% | 26.3% | 28.8% | 29.1% | 29.0% | 30.1% | 32.8% | 29.5% | 30.2% | 33.6% | 37.7% | 38.0% |
| — | +10.5% | -12.6% | -12.3% | -1.3% | -4.0% | -10.6% | -13.0% | -22.4% | -22.6% | -20.0% | -13.9% | -13.5% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 30.1% | 9.3% | 7.1% | 8.3% | 7.9% | 7.1% | 7.1% | 7.9% | 6.6% | 6.5% | 8.2% | 10.5% | 11.0% |
| — | +32.1% | +0.2% | +4.5% | +19.8% | +8.5% | -13.8% | -24.7% | -40.3% | -43.1% | -39.4% | -34.6% | -32.2% | |
| ROA | 14.3% | 4.5% | 3.3% | 3.9% | 3.8% | 3.4% | 3.4% | 3.9% | 3.2% | 3.3% | 4.3% | 5.5% | 5.7% |
| — | +31.6% | -1.8% | +0.8% | +17.0% | +3.6% | -20.6% | -29.1% | -43.7% | -45.7% | -41.8% | -39.6% | -37.5% | |
| ROIC | 15.8% | 4.9% | 4.0% | 4.6% | 4.4% | 3.6% | 3.6% | 4.0% | 3.3% | 3.5% | 4.5% | 5.8% | 6.6% |
| — | +35.4% | +11.2% | +12.6% | +32.6% | +2.3% | -20.3% | -30.1% | -50.5% | -49.7% | -45.4% | -46.9% | -41.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Texas Instruments Incorporated's Debt/EBITDA ratio is 7.6x — elevated, raising questions about debt serviceability. The current ratio has weakened 15.2% YoY to 4.46x, tightening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.95 | 0.84 | 0.95 | 0.84 | 0.86 | 0.78 | 0.89 | 0.84 | 0.81 | 0.84 | 0.73 | 0.67 | 0.70 |
| — | +6.9% | +6.3% | +0.1% | +6.1% | -6.3% | +22.6% | +25.1% | +14.7% | +25.8% | +16.6% | +23.3% | +36.9% | |
| Debt / EBITDA | 1.92 | 7.57 | 7.58 | 6.44 | 6.87 | 7.27 | 8.30 | 7.45 | 8.53 | 8.61 | 6.56 | 5.07 | 4.94 |
| — | +4.2% | -8.7% | -13.5% | -19.4% | -15.6% | +26.5% | +46.9% | +72.7% | +88.3% | +76.2% | +87.9% | +102.0% | |
| Current Ratio | 4.35 | 4.46 | 4.35 | 4.45 | 5.81 | 5.26 | 4.12 | 4.31 | 4.62 | 4.91 | 4.55 | 5.69 | 5.72 |
| — | -15.2% | +5.5% | +3.4% | +25.9% | +7.1% | -9.4% | -24.4% | -19.3% | -5.1% | -3.0% | +15.7% | +12.3% | |
| Quick Ratio | 2.83 | 2.94 | 2.83 | 2.90 | 3.88 | 3.37 | 2.88 | 3.14 | 3.49 | 3.76 | 3.35 | 4.22 | 4.35 |
| — | -12.9% | -1.7% | -7.6% | +11.3% | -10.3% | -14.0% | -25.6% | -19.8% | -6.9% | -11.2% | +3.8% | +2.6% | |
| Interest Coverage | 11.52 | 13.16 | 10.73 | 12.23 | 12.11 | 10.97 | 11.45 | 12.86 | 10.52 | 12.15 | 16.80 | 20.61 | 23.49 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Texas Instruments Incorporated's current P/E is 53.1x. The average P/E over the last 4 quarters is 32.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Texas Instruments Incorporated's current operating margin is 34.1%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Texas Instruments Incorporated's business trajectory between earnings reports.