Texas Instruments Incorporated

TXNNASDAQTechnology● Active

$285.06

$-20.31(-6.65%)

Market Cap$259.4B

P/E Ratio—

52W High$331.51

52W Low$152.73

Avg Volume7.4M

Open$298.72

Beta1.31

Overview

Texas Instruments Incorporated (TXN) Free Cash Flow & Analysis

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

TXN · free cash flow · updated Jun 8, 2026

Core FCF metrics

TXN · FCF · TTM · margin & CAGR

Free cash flow was $2.60B for FY2025 (fiscal year ending 2025-12-31), up 73.8% year-over-year The FCF margin was 14.7%. Five-year CAGR stands at -13.9%.

FY2025 Free Cash Flow$2.60B▲ +73.8% YoY

Trailing 12M (TTM)$3.72Btrailing 4 quarters sum

FCF Margin14.7%$2.60B ÷ revenue

3-Year CAGR-24.0%FY2022 → FY2025

5-Year CAGR-13.9%FY2020 → FY2025

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

TXN · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$7.15B(4.55B)$2.60B▲ +73.8%14.7%

FY2024$6.32B(4.82B)$1.50B▲ +11.0%9.6%

FY2023$6.42B(5.07B)$1.35B▼ 77.2%7.7%

FY2022$8.72B(2.80B)$5.92B▼ 5.9%29.6%

FY2021$8.76B(2.46B)$6.29B▲ +14.6%34.3%

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

FCF valuation metrics

TXN · P/FCF · FCF yield · FCF per share

Texas Instruments Incorporated (TXN) trades at a FCF yield of 1.43% and a price-to-free-cash-flow ratio of 69.7x. FCF per share stands at $4.09, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

1.43%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$4.09

TTM FCF ÷ Shares Outstanding

Price / FCF

x69.7

Share Price ÷ FCF per Share

EV / FCF (TTM)

x72.5

Enterprise Value basis

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

Cash flow statement summary

TXN · cash flow statement · operating / investing / financing

For FY2025, Texas Instruments Incorporated generated $7.15B in operating cash flow and spent 4.55B in capital expenditures, yielding $2.60B in free cash flow.

Operating Activities

+$7.15B

Cash from core business operations

2025-12-31

Investing Activities

−$1.44B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$5.69B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($7.15B) − |CapEx| (4.55B) = FCF ($2.60B)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

TXN vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Texas Instruments IncorporatedYOU

TXN

$2.60B+73.8%14.7%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

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

About Free Cash Flow & Methodology

Texas Instruments Incorporated (TXN) reported free cash flow of $2.60B for FY2025 (fiscal year ending 2025-12-31), up 73.8% year-over-year. The FCF margin was 14.7%.

Based on available data, Texas Instruments Incorporated has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $6.29B in FY2021. The 5-year CAGR stands at -13.9%.

Texas Instruments Incorporated's FCF yield is 1.43% and price-to-FCF ratio is 69.7x 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

TXN free cash flow · 8 questions

Texas Instruments Incorporated free cash flow was $2.60B for FY2025, up 73.8% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $3.72B.

TXN free cash flowTXN FCFTXN FCF 2025TXN free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Texas Instruments Incorporated · Texas Instruments Incorporated SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026