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 33.9x, down 6.0% year-over-year. EV/EBITDA has compressed 17.3% YoY to 20.8x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 38.92 | 33.88 | 31.04 | 36.81 | 35.10 | 36.06 | 35.13 | 39.86 | 36.29 | 28.60 | 21.49 | 24.07 | 25.14 |
| — | -6.0% | -11.7% | -7.7% | -3.3% | +26.1% | +63.5% | +65.6% | +44.4% | +47.5% | +37.2% | +53.5% | +29.3% | |
| P/S Ratio | 10.89 | 8.95 | 8.85 | 10.64 | 10.11 | 10.75 | 11.45 | 11.69 | 10.91 | 9.56 | 8.03 | 9.10 | 9.73 |
| — | -16.7% | -22.6% | -9.0% | -7.3% | +12.4% | +42.5% | +28.5% | +12.1% | +18.0% | +17.9% | +32.7% | +11.4% | |
| P/B Ratio | 11.90 | 9.73 | 10.10 | 11.54 | 10.03 | 10.19 | 11.01 | 10.39 | 9.41 | 9.23 | 8.76 | 10.34 | 11.18 |
| — | -4.5% | -8.2% | +11.2% | +6.7% | +10.4% | +25.7% | +0.4% | -15.8% | -11.1% | -11.1% | +2.0% | -8.6% | |
| P/FCF | 73.95 | 29.80 | 42.28 | 85.29 | — | 53.45 | 114.21 | 88.15 | — | 50.25 | 82.38 | — | 239.31 |
| — | -44.3% | -63.0% | -3.2% | — | +6.4% | +38.6% | — | — | +42.8% | +355.8% | — | +850.1% | |
| EV / EBITDA | 25.35 | 20.84 | 20.49 | 24.50 | 24.70 | 25.21 | 25.82 | 29.15 | 26.01 | 21.96 | 17.44 | 19.00 | 19.87 |
| — | -17.3% | -20.7% | -15.9% | -5.0% | +14.8% | +48.1% | +53.4% | +30.9% | +36.1% | +38.9% | +53.9% | +25.7% | |
| EV / EBIT | 33.76 | 27.96 | 25.89 | 31.09 | 31.11 | 30.68 | 29.97 | 34.46 | 30.42 | 24.94 | 19.10 | 20.65 | 21.85 |
| — | -8.9% | -13.6% | -9.8% | +2.2% | +23.0% | +57.0% | +66.9% | +39.2% | +41.2% | +40.3% | +54.1% | +28.3% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Texas Instruments Incorporated's operating margin was 33.3% in Q4 2025, down 1.8 pp QoQ and down 1.1 pp YoY. Gross margin contracted 3.2% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 57.0% | 55.9% | 57.4% | 57.9% | 56.8% | 57.7% | 59.6% | 57.8% | 57.2% | 59.6% | 62.1% | 64.2% | 65.4% |
| — | -3.2% | -3.7% | +0.1% | -0.7% | -3.2% | -4.0% | -9.9% | -12.5% | -9.8% | -10.0% | -7.7% | -6.8% | |
| Operating Margin | 34.1% | 33.3% | 35.1% | 35.1% | 32.5% | 34.4% | 37.4% | 32.7% | 35.1% | 37.6% | 41.7% | 43.5% | 44.2% |
| — | -3.1% | -6.3% | +7.6% | -7.4% | -8.6% | -10.3% | -25.0% | -20.5% | -19.3% | -18.3% | -16.7% | -15.5% | |
| Net Margin | 28.3% | 26.3% | 28.8% | 29.1% | 29.0% | 30.1% | 32.8% | 29.5% | 30.2% | 33.6% | 37.7% | 38.0% | 39.0% |
| — | -12.6% | -12.3% | -1.3% | -4.0% | -10.6% | -13.0% | -22.4% | -22.6% | -20.0% | -13.9% | -13.5% | -13.1% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 30.1% | 7.1% | 8.3% | 7.9% | 7.1% | 7.1% | 7.9% | 6.6% | 6.5% | 8.2% | 10.5% | 11.0% | 11.5% |
| — | +0.2% | +4.5% | +19.8% | +8.5% | -13.8% | -24.7% | -40.3% | -43.1% | -39.4% | -34.6% | -32.2% | -28.8% | |
| ROA | 14.3% | 3.3% | 3.9% | 3.8% | 3.4% | 3.4% | 3.9% | 3.2% | 3.3% | 4.3% | 5.5% | 5.7% | 6.1% |
| — | -1.8% | +0.8% | +17.0% | +3.6% | -20.6% | -29.1% | -43.7% | -45.7% | -41.8% | -39.6% | -37.5% | -31.3% | |
| ROIC | 16.6% | 4.1% | 4.6% | 4.4% | 3.7% | 3.7% | 4.0% | 3.3% | 3.6% | 4.6% | 5.8% | 6.6% | 7.0% |
| — | +11.1% | +12.6% | +32.6% | +3.1% | -19.9% | -30.1% | -50.5% | -48.8% | -44.3% | -46.9% | -41.9% | -36.1% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Texas Instruments Incorporated's Debt/EBITDA ratio is 6.9x, up from 6.4x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 5.5% YoY to 4.35x, strengthening the short-term liquidity position.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.86 | 0.86 | 0.84 | 0.86 | 0.78 | 0.80 | 0.84 | 0.81 | 0.84 | 0.66 | 0.67 | 0.70 | 0.66 |
| — | +7.3% | +0.1% | +6.1% | -6.3% | +21.1% | +25.1% | +14.7% | +25.8% | +6.6% | +23.3% | +36.9% | +20.3% | |
| Debt / EBITDA | 1.75 | 6.92 | 6.44 | 6.87 | 7.27 | 7.50 | 7.45 | 8.53 | 8.61 | 6.00 | 5.07 | 4.94 | 4.57 |
| — | -7.8% | -13.5% | -19.4% | -15.6% | +25.0% | +46.9% | +72.7% | +88.3% | +61.2% | +87.9% | +102.0% | +64.0% | |
| Current Ratio | 4.35 | 4.35 | 4.45 | 5.81 | 5.26 | 4.12 | 4.31 | 4.62 | 4.91 | 4.55 | 5.69 | 5.72 | 5.17 |
| — | +5.5% | +3.4% | +25.9% | +7.1% | -9.4% | -24.4% | -19.3% | -5.1% | -3.0% | +15.7% | +12.3% | -6.7% | |
| Quick Ratio | 2.83 | 2.83 | 2.90 | 3.88 | 3.37 | 2.88 | 3.14 | 3.49 | 3.76 | 3.35 | 4.22 | 4.35 | 4.04 |
| — | -1.7% | -7.6% | +11.3% | -10.3% | -14.0% | -25.6% | -19.8% | -6.9% | -11.2% | +3.8% | +2.6% | -14.5% | |
| Interest Coverage | 11.09 | 10.45 | 11.79 | 11.75 | 10.34 | 10.59 | 11.86 | 9.53 | 11.09 | 15.64 | 19.31 | 22.16 | 28.44 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Start ComparisonTexas Instruments Incorporated's current P/E is 38.9x. The average P/E over the last 4 quarters is 34.2x. 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.