Tower Semiconductor Ltd.

TSEMNASDAQTechnology● Active

$244.92

+$9.44(+4.01%)

Market Cap$27.4B

P/E Ratio—

52W High$302.86

52W Low$37.48

Avg Volume2.9M

Open$248.28

Beta0.87

Overview

Tower Semiconductor Ltd. (TSEM) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

TSEM · free cash flow · updated Jun 8, 2026

Core FCF metrics

TSEM · FCF · TTM · margin & CAGR

Free cash flow was −$41.1M for FY2025 (fiscal year ending 2025-12-31), down 427.9% year-over-year The FCF margin was -2.6%.

FY2025 Free Cash Flow−$41.1M▼ -427.9% YoY

Trailing 12M (TTM)$326.1MTrailing 4Q sum · TTM positive vs latest FY negative

FCF Margin-2.6%−$41.1M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

TSEM · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$395.5M(437M)−$41.1M▼ 427.9%-2.6%

FY2024$448.7M(436M)$12.5M▼ 94.6%0.9%

FY2023$676.6M(445M)$232.1M▲ +42.0%16.3%

FY2022$529.8M(366M)$163.4M▲ +52.0%9.7%

FY2021$421.3M(314M)$107.5M▲ +389.8%7.1%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

TSEM · P/FCF · FCF yield · FCF per share

Tower Semiconductor Ltd. (TSEM) trades at a FCF yield of 1.19% and a price-to-free-cash-flow ratio of 85.3x. FCF per share stands at $2.87, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

1.19%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$2.87

TTM FCF ÷ Shares Outstanding

Price / FCF

x85.3

Share Price ÷ FCF per Share

EV / FCF (TTM)

x83.8

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

TSEM · cash flow statement · operating / investing / financing

For FY2025, Tower Semiconductor Ltd. generated $395.5M in operating cash flow and spent 437M in capital expenditures, yielding −$41.1M in free cash flow.

Operating Activities

+$395.5M

Cash from core business operations

2025-12-31

Investing Activities

−$398.1M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$33.4M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($395.5M) − |CapEx| (437M) = FCF (−$41.1M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

TSEM vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Tower Semiconductor Ltd.YOU

TSEM

−$41.1M-427.9%-2.6%

Loss

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Tower Semiconductor Ltd. (TSEM) reported free cash flow of −$41.1M for FY2025 (fiscal year ending 2025-12-31), down 427.9% year-over-year. The FCF margin was -2.6%.

Based on available data, Tower Semiconductor Ltd. has maintained positive free cash flow for at least 10 fiscal year(s). FCF peaked at $232.1M in FY2023.

Tower Semiconductor Ltd.'s FCF yield is 1.19% and price-to-FCF ratio is 85.3x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

TSEM free cash flow · 8 questions

Tower Semiconductor Ltd. free cash flow was −$41.1M for FY2025, down 427.9% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $326.1M.

TSEM free cash flowTSEM FCFTSEM FCF 2025TSEM free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Tower Semiconductor Ltd. · Tower Semiconductor Ltd. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026