Last 48 quarters of trend data · Technology · Semiconductors
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 51.28 | 26.73 | 34.82 | 28.72 | 34.15 | 31.04 | 36.81 | 35.10 | 36.06 | 35.13 | 39.86 | 36.29 | 28.60 | 21.49 | 24.07 | 25.14 | 19.39 | 15.67 | 15.68 | 19.44 | 20.76 |
| — | -13.9% | -5.4% | -18.2% | -5.3% | -11.7% | -7.7% | -3.3% | +26.1% | +63.5% | +65.6% | +44.4% | +47.5% | +37.2% | +53.5% | +29.3% | -6.6% | -32.5% | -33.1% | -23.1% | -8.9% | |
| P/S Ratio | 14.44 | 10.65 | 12.55 | 9.19 | 8.95 | 8.85 | 10.64 | 10.11 | 10.75 | 11.45 | 11.69 | 10.91 | 9.56 | 8.03 | 9.10 | 9.73 | 8.10 | 6.81 | 6.85 | 8.73 | 9.13 |
| — | +20.3% | +17.9% | -9.1% | -16.7% | -22.6% | -9.0% | -7.3% | +12.4% | +42.5% | +28.5% | +12.1% | +18.0% | +17.9% | +32.7% | +11.4% | -11.2% | -29.7% | -30.3% | -15.2% | -2.7% | |
| P/B Ratio | 15.68 | 13.45 | 15.23 | 10.58 | 9.73 | 10.10 | 11.54 | 10.03 | 10.19 | 11.01 | 10.39 | 9.41 | 9.23 | 8.76 | 10.34 | 11.18 | 10.38 | 9.85 | 10.14 | 12.23 | 13.23 |
| — | +33.1% | +31.9% | +5.4% | -4.5% | -8.2% | +11.2% | +6.7% | +10.4% | +25.7% | +0.4% | -15.8% | -11.1% | -11.1% | +2.0% | -8.6% | -21.5% | -33.5% | -37.2% | -29.7% | -20.5% | |
| P/FCF | 98.06 | 21.82 | 31.32 | 52.56 | 29.80 | 42.28 | 85.29 | — | 53.45 | 114.21 | 88.15 | — | 50.25 | 82.38 | — | 239.31 | 35.20 | 18.07 | 30.51 | 25.19 | 41.03 |
| — | -48.4% | -63.3% | — | -44.3% | -63.0% | -3.2% | — | +6.4% | +38.6% | — | — | +42.8% | +355.8% | — | +850.1% | -14.2% | -22.0% | +17.5% | -12.1% | +105.2% | |
| EV / EBITDA | 33.34 | 22.68 | 29.91 | 19.83 | 21.01 | 20.49 | 24.50 | 24.70 | 25.41 | 25.82 | 29.15 | 26.01 | 22.10 | 17.44 | 19.00 | 19.87 | 16.13 | 12.55 | 12.35 | 15.81 | 16.57 |
| — | +10.7% | +22.1% | -19.7% | -17.3% | -20.7% | -15.9% | -5.0% | +15.0% | +48.1% | +53.4% | +30.9% | +37.0% | +38.9% | +53.9% | +25.7% | -2.6% | -29.4% | -33.5% | -23.6% | -13.2% | |
| EV / EBIT | 44.40 | 22.68 | 29.91 | 25.33 | 28.18 | 25.89 | 31.09 | 31.11 | 30.92 | 29.97 | 34.46 | 30.42 | 25.10 | 19.10 | 20.65 | 21.85 | 17.67 | 13.61 | 13.40 | 17.03 | 17.91 |
| — | -12.4% | -3.8% | -18.6% | -8.9% | -13.6% | -9.8% | +2.2% | +23.2% | +57.0% | +66.9% | +39.2% | +42.1% | +40.3% | +54.1% | +28.3% | -1.4% | -30.6% | -33.0% | -25.1% | -9.9% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 57.0% | 64.2% | 61.4% | 58.0% | 55.9% | 57.4% | 57.9% | 56.8% | 57.7% | 59.6% | 57.8% | 57.2% | 59.6% | 62.1% | 64.2% | 65.4% | 66.1% | 69.0% | 69.6% | 70.2% | 69.3% |
| — | +11.8% | +6.0% | +2.1% | -3.2% | -3.7% | +0.1% | -0.7% | -3.2% | -4.0% | -9.9% | -12.5% | -9.8% | -10.0% | -7.7% | -6.8% | -4.7% | +1.7% | +3.5% | +7.6% | +6.8% | |
| Operating Margin | 34.1% | 47.5% | 42.3% | 37.5% | 33.3% | 35.1% | 35.1% | 32.5% | 34.4% | 37.4% | 32.7% | 35.1% | 37.6% | 41.7% | 43.5% | 44.2% | 46.6% | 51.1% | 52.2% | 52.3% | 51.8% |
| — | +35.3% | +20.3% | +15.2% | -3.1% | -6.3% | +7.6% | -7.4% | -8.6% | -10.3% | -25.0% | -20.5% | -19.3% | -18.3% | -16.7% | -15.5% | -10.0% | +2.9% | +8.1% | +15.6% | +16.5% | |
| Net Margin | 28.3% | 40.0% | 36.2% | 32.0% | 26.3% | 28.8% | 29.1% | 29.0% | 30.1% | 32.8% | 29.5% | 30.2% | 33.6% | 37.7% | 38.0% | 39.0% | 42.0% | 43.8% | 44.0% | 44.9% | 44.2% |
| — | +39.2% | +24.5% | +10.5% | -12.6% | -12.3% | -1.3% | -4.0% | -10.6% | -13.0% | -22.4% | -22.6% | -20.0% | -13.9% | -13.5% | -13.1% | -5.0% | +4.4% | +4.3% | +9.8% | +6.8% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 30.1% | 13.0% | 11.4% | 9.3% | 7.1% | 8.3% | 7.9% | 7.1% | 7.1% | 7.9% | 6.6% | 6.5% | 8.2% | 10.5% | 11.0% | 11.5% | 13.5% | 16.0% | 16.3% | 16.1% | 16.8% |
| — | +57.9% | +44.2% | +32.1% | +0.2% | +4.5% | +19.8% | +8.5% | -13.8% | -24.7% | -40.3% | -43.1% | -39.4% | -34.6% | -32.2% | -28.8% | -19.6% | -4.0% | -10.0% | -11.2% | -13.0% | |
| ROA | 14.3% | 6.7% | 5.6% | 4.5% | 3.3% | 3.9% | 3.8% | 3.4% | 3.4% | 3.9% | 3.2% | 3.3% | 4.3% | 5.5% | 5.7% | 6.1% | 7.4% | 9.0% | 9.2% | 8.8% | 8.9% |
| — | +71.0% | +49.4% | +31.6% | -1.8% | +0.8% | +17.0% | +3.6% | -20.6% | -29.1% | -43.7% | -45.7% | -41.8% | -39.6% | -37.5% | -31.3% | -17.4% | +1.8% | -4.5% | -2.0% | -0.8% | |
| ROIC | 15.8% | 7.6% | 6.2% | 4.9% | 4.0% | 4.6% | 4.4% | 3.6% | 3.6% | 4.0% | 3.3% | 3.5% | 4.5% | 5.8% | 6.6% | 7.0% | 8.2% | 10.9% | 11.4% | 10.9% | 12.1% |
| — | +66.3% | +43.1% | +35.4% | +11.2% | +12.6% | +32.6% | +2.3% | -20.3% | -30.1% | -50.5% | -49.7% | -45.4% | -46.9% | -41.9% | -36.1% | -32.1% | -11.7% | -4.7% | +2.1% | +13.1% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.95 | 0.71 | 0.78 | 0.84 | 0.95 | 0.84 | 0.86 | 0.78 | 0.89 | 0.84 | 0.81 | 0.84 | 0.73 | 0.67 | 0.70 | 0.66 | 0.62 | 0.55 | 0.51 | 0.55 | 0.62 |
| — | -16.4% | -8.8% | +6.9% | +6.3% | +0.1% | +6.1% | -6.3% | +22.6% | +25.1% | +14.7% | +25.8% | +16.6% | +23.3% | +36.9% | +20.3% | +1.2% | -14.1% | -8.3% | -10.2% | -20.6% | |
| Debt / EBITDA | 1.92 | 4.60 | 5.91 | 5.93 | 7.58 | 6.44 | 6.87 | 7.27 | 8.30 | 7.45 | 8.53 | 8.61 | 6.56 | 5.07 | 4.94 | 4.57 | 3.72 | 2.70 | 2.44 | 2.79 | 3.02 |
| — | -28.6% | -14.0% | -18.4% | -8.7% | -13.5% | -19.4% | -15.6% | +26.5% | +46.9% | +72.7% | +88.3% | +76.2% | +87.9% | +102.0% | +64.0% | +23.2% | -10.8% | -3.8% | -2.8% | -12.7% | |
| Current Ratio | 4.35 | 5.59 | 4.86 | 4.46 | 4.35 | 4.45 | 5.81 | 5.26 | 4.12 | 4.31 | 4.62 | 4.91 | 4.55 | 5.69 | 5.72 | 5.17 | 4.70 | 4.92 | 5.09 | 5.54 | 5.33 |
| — | +25.7% | -16.4% | -15.2% | +5.5% | +3.4% | +25.9% | +7.1% | -9.4% | -24.4% | -19.3% | -5.1% | -3.0% | +15.7% | +12.3% | -6.7% | -11.8% | -12.6% | +0.3% | -9.5% | +24.3% | |
| Quick Ratio | 2.83 | 4.05 | 3.44 | 2.94 | 2.83 | 2.90 | 3.88 | 3.37 | 2.88 | 3.14 | 3.49 | 3.76 | 3.35 | 4.22 | 4.35 | 4.04 | 3.77 | 4.06 | 4.24 | 4.73 | 4.58 |
| — | +39.5% | -11.4% | -12.9% | -1.7% | -7.6% | +11.3% | -10.3% | -14.0% | -25.6% | -19.8% | -6.9% | -11.2% | +3.8% | +2.6% | -14.5% | -17.7% | -16.4% | +0.0% | -5.6% | +32.2% | |
| Interest Coverage | 11.52 | 20.89 | 16.87 | 13.16 | 10.73 | 12.23 | 12.11 | 10.97 | 11.45 | 12.86 | 10.52 | 12.15 | 16.80 | 20.61 | 23.49 | 29.62 | 37.12 | 51.15 | 55.71 | 49.58 | 51.27 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying TXN stock.
Texas Instruments Incorporated's current P/E is 51.3x. The average P/E over the last 4 quarters is 31.1x. 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.