US · USD

TXN

Texas Instruments Incorporated

$280.09-0.57% (-$1.60)
Day's range
$279.22 – $283.50
Day's volume
$1.1B
52-week range
$150.79 – $330.59

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TXN in numbers

Market cap
$255.8B
P/E
42.27
P/B
14.21
Dividend yield (12m)
2.03%

The 12-month dividend yield of TXN is 2.03%, below its 5-year average of 2.80%.

TXN price history

10/01/202509/30/2026
Compare with

TXN risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+76.39%+112.96%+71.08%
Volatility (annualized)52.62%38.32%34.60%
Largest drawdown-14.21%-23.64%-23.64%
Positive months7/1219/3630/60

How much did investing in TXN return?

$1,000.00 invested on 10/01/2021 would be worth $1,710.77 today.

Value today in TXN
$1,710.77
Return over the period
+71.08%
Return per year
+11.34%
In the S&P 500
$1,661.44

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

TXN fundamentals

Valuation

  • P/E
    42.27
  • P/B
    14.21
  • EV/EBITDA
    —
  • EV/EBIT
    36.23
  • EV/Revenue
    13.51
  • P/EBIT
    35.26
  • P/S
    13.15
  • P/OCF
    29.51
  • P/FCF
    47.77
  • Earnings yield
    2.76%
  • PEG ratio
    —
  • Earnings per share
    $6.63
  • Book value per share
    $19.72

Debt

  • Net debt
    $7.1B
  • Net debt/EBITDA
    —
  • Net debt/Equity
    0.39
  • Debt/Equity
    0.78
  • Current ratio
    4.86
  • Quick ratio
    3.44
  • Cash ratio
    2.16

Efficiency

  • Gross margin
    58.33%
  • EBITDA margin
    —
  • Operating margin
    37.29%
  • Net margin
    31.11%
  • Asset turnover
    0.54

Profitability

  • ROE
    33.61%
  • ROA
    16.87%
  • ROIC
    25.36%
  • Payout
    85.71%

Growth

  • Revenue CAGR (5 years)
    3.02%
  • Earnings CAGR (5 years)
    -2.09%
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is TXN's fair price?

Two classic value formulas, with today's numbers. The current price is $280.09.

Graham's fair price
$54.22
80.64% below the price

√(22.50 × $6.63 × $19.72)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
$82.27
70.63% below the price

$4.94 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

TXN's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator20252024202320222021202020192018
P/E31.4835.5723.8117.1122.4027.0023.8815.89
P/B9.6810.109.1710.2713.0516.4413.459.86
Dividend yield3.17%2.81%2.94%2.84%2.23%2.27%2.50%2.78%
Earnings per share$5.51$5.27$7.16$9.65$8.41$6.08$5.37$5.95
Book value per share$17.93$18.57$18.58$16.09$14.44$9.98$9.54$9.58
ROE30.73%28.39%38.53%60.02%58.27%60.90%56.33%62.04%
ROIC20.74%20.99%32.92%62.08%68.85%58.20%53.77%57.00%
Gross margin57.02%58.14%62.90%68.76%67.47%64.10%63.71%65.11%
Net margin28.28%30.68%37.16%43.68%42.35%38.69%34.88%35.35%

TXN's financial statements

Line202520242023202220212020
Net revenue$17.7B$15.6B$17.5B$20B$18.3B$14.5B
Cost of revenue-$7.6B-$6.5B-$6.5B-$6.3B-$6B-$5.2B
Gross profit$10.1B$9.1B$11B$13.8B$12.4B$9.3B
EBITDA——————
EBIT$6B$5.5B$7.3B$10.1B$9B$5.9B
Financial result——————
Income before tax$5.7B$5.5B$7.4B$10B$8.9B$6B
Income tax-$709M-$654M-$908M-$1.3B-$1.2B-$422M
Net income$5B$4.8B$6.5B$8.7B$7.8B$5.6B

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does TXN pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Dividend10/29/202611/10/2026$1.52

Dividend yield per year

  • 2.03%2017
  • 2.78%2018
  • 2.50%2019
  • 2.27%2020
  • 2.23%2021
  • 2.84%2022
  • 2.94%2023
  • 2.81%2024
  • 3.17%2025
  • 1.52%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend07/30/202608/11/2026$1.42
Dividend05/04/202605/19/2026$1.42
Dividend01/29/202602/10/2026$1.42
Dividend10/30/202511/12/2025$1.42
Dividend07/30/202508/12/2025$1.36
Dividend04/29/202505/13/2025$1.36
Dividend01/30/202502/11/2025$1.36
Dividend10/30/202411/12/2024$1.36
Dividend07/30/202408/13/2024$1.30
Dividend05/06/202405/21/2024$1.30
Dividend01/29/202402/13/2024$1.30
Dividend10/27/202311/14/2023$1.30
See all 40 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend07/27/202308/15/2023$1.24
Dividend05/04/202305/16/2023$1.24
Dividend01/27/202302/14/2023$1.24
Dividend10/27/202211/15/2022$1.24
Dividend07/28/202208/16/2022$1.15
Dividend05/05/202205/17/2022$1.15
Dividend01/27/202202/07/2022$1.15
Dividend10/28/202111/15/2021$1.15
Dividend07/22/202108/09/2021$1.02
Dividend04/29/202105/17/2021$1.02
Dividend01/28/202102/08/2021$1.02
Dividend10/28/202011/16/2020$1.02
Dividend07/29/202008/17/2020$0.90
Dividend04/30/202005/18/2020$0.90
Dividend01/29/202002/10/2020$0.90
Dividend10/29/201911/18/2019$0.90
Dividend07/29/201908/12/2019$0.77
Dividend05/02/201905/20/2019$0.77
Dividend01/29/201902/11/2019$0.77
Dividend10/29/201811/19/2018$0.77
Dividend07/27/201808/13/2018$0.62
Dividend05/03/201805/21/2018$0.62
Dividend01/29/201802/12/2018$0.62
Dividend10/27/201711/13/2017$0.62
Dividend07/26/201708/14/2017$0.50
Dividend04/26/201705/15/2017$0.50
Dividend01/26/201702/13/2017$0.50
Dividend11/02/201611/21/2016$0.50

About Texas Instruments Incorporated

Sector
Manufacturing

Questions about TXN

How much is TXN today?

TXN is at $280.09 (-0.57% on the day), last traded on 09/30/2026.

How much did TXN pay in dividends in 2025?

TXN paid $5.50 per share in 2025, a dividend yield of 3.17%.

When is the next TXN dividend?

The next announced payment is $1.52 per share on 11/10/2026.

What are the P/E and P/B of TXN?

TXN trades at a P/E of 42.27 and a P/B of 14.21.

How much did TXN return in 12 months?

TXN returned 76.39% in 12 months, with annualized volatility of 52.62% and a largest drawdown of -14.21%.