GlobalFoundries

GFS Nasdaq Semiconductors Financials FY2019–FY2025

GlobalFoundries' revenue rose 0.6% to $6.8 billion in fiscal 2025. Its operating margin was 11.7%, up from −3.2% a year earlier. Free cash flow was $1.0 billion, down 8.0%. The diluted share count rose 0.9%.

Last close · Oct 23, 2026

$44.39

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Revenue

$6.8B

0.6% vs prior year

Operating margin

11.7%

14.9 pts

Net income

$885M

Free cash flow

$1.0B

8.0%

Return on capital

7.1%

8.7 pts

Market cap

$24.8B

Oct 23 close

P/E

—

About these figures. GlobalFoundries is a foreign company: it files an annual report on Form 20-F, prepared under international accounting standards (IFRS), instead of a 10-K, and no quarterly reports, so this page has fiscal years only. Its shares trade in the US as American depositary shares (ADSs), and one ADS can stand for several ordinary shares, so per-share figures are per ordinary share and the page has no market value, P/E or valuation model.

What GlobalFoundries does

No business description yet.

Legal name: GLOBALFOUNDRIES Inc.
Fiscal year ends: December 31, 2025
Latest annual report: —
Accession · CIK: 0001709048-26-000022
0001709048

Revenue and margins

GlobalFoundries had $6.8B of revenue in fiscal 2025, up 0.6% on the year before.

Revenue

FY19

Revenue $5.8B

FY20

Revenue $4.9B

FY21

Revenue $6.6B

FY22

Revenue $8.1B

FY23

Revenue $7.4B

FY24

Revenue $6.8B

FY25

Revenue $6.8B

Margins, % of revenue

FY19

Gross −9.2%

Operating −28.0%

Net −23.6%

FCF −1.6%

FY20

Gross −14.7%

Operating −34.1%

Net −27.8%

FCF 8.5%

FY21

Gross 15.4%

Operating −0.9%

Net −3.8%

FCF 16.3%

FY22

Gross 27.6%

Operating 14.4%

Net 17.9%

FCF −5.4%

FY23

Gross 28.4%

Operating 15.3%

Net 13.8%

FCF 4.3%

FY24

Gross 24.5%

Operating −3.2%

Net −3.9%

FCF 16.3%

FY25

Gross 24.9%

Operating 11.7%

Net 13.0%

FCF 14.9%

Gross Operating Net FCF

Net income and earnings per share

Loss periods are shown in red.

Net income

FY19

Net income −$1.4B

FY20

Net income −$1.4B

FY21

Net income −$250M

FY22

Net income $1.4B

FY23

Net income $1.0B

FY24

Net income −$265M

FY25

Net income $885M

Diluted EPS

FY19

Diluted EPS −$2.72

FY20

Diluted EPS −$2.70

FY21

Diluted EPS −$0.49

FY22

Diluted EPS $2.62

FY23

Diluted EPS $1.83

FY24

Diluted EPS −$0.48

FY25

Diluted EPS $1.59

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)

FY19

Return on capital —

Return on equity —

Return on assets —

FY20

Return on capital —

Return on equity —

Return on assets —

FY21

Return on capital −0.6%

Return on equity −3.3%

Return on assets −1.8%

FY22

Return on capital 12.8%

Return on equity 16.2%

Return on assets 8.8%

FY23

Return on capital 10.0%

Return on equity 9.7%

Return on assets 5.7%

FY24

Return on capital −1.6%

Return on equity −2.4%

Return on assets −1.5%

FY25

Return on capital 7.1%

Return on equity 7.8%

Return on assets 5.2%

Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $1.0B in fiscal 2025, 14.9% of revenue. Cash from operations minus capital spending.

Free cash flow

FY19

Free cash flow −$91.1M

FY20

Free cash flow $412M

FY21

Free cash flow $1.1B

FY22

Free cash flow −$435M

FY23

Free cash flow $321M

FY24

Free cash flow $1.1B

FY25

Free cash flow $1.0B

Cash from operations vs capital spending

FY19

Cash from operations $497M

Capital spending $588M

FY20

Cash from operations $1.0B

Capital spending $592M

FY21

Cash from operations $2.8B

Capital spending $1.8B

FY22

Cash from operations $2.6B

Capital spending $3.1B

FY23

Cash from operations $2.1B

Capital spending $1.8B

FY24

Cash from operations $1.7B

Capital spending $625M

FY25

Cash from operations $1.7B

Capital spending $722M

Cash from operations Capital spending

Dividends, buybacks and share count

GlobalFoundries returned $0.0M to shareholders in fiscal 2025, 0% of free cash flow. The diluted share count rose 0.9%.

Dividends and buybacks

FY19

Dividends $0.0M

Buybacks $0.0M

FY20

Dividends $0.0M

Buybacks $0.0M

FY21

Dividends $0.0M

Buybacks $0.0M

FY22

Dividends $0.0M

Buybacks $0.0M

FY23

Dividends $0.0M

Buybacks $0.0M

FY24

Dividends $0.0M

Buybacks $200M

FY25

Dividends $0.0M

Buybacks $0.0M

Dividends Buybacks

Diluted shares outstanding (annual)

FY19

Diluted shares 0.50B

FY20

Diluted shares 0.50B

FY21

Diluted shares 0.51B

FY22

Diluted shares 0.55B

FY23

Diluted shares 0.56B

FY24

Diluted shares 0.55B

FY25

Diluted shares 0.56B

Balance sheet

Cash, debt and the ratios that show how comfortably GlobalFoundries can carry it.

Cash vs debt (incl. leases)

FY19

Cash $997M

Debt —

FY20

Cash $908M

Debt $2.3B

FY21

Cash $2.9B

Debt $2.0B

FY22

Cash $2.4B

Debt $2.5B

FY23

Cash $2.4B

Debt $2.4B

FY24

Cash $2.2B

Debt $1.8B

FY25

Cash $1.8B

Debt $1.2B

Cash Debt

Fiscal year end	FY21	FY22	FY23	FY24	FY25
Cash and short-term investments	$2.9B	$2.4B	$2.4B	$2.2B	$1.8B
Debt incl. finance leases	$2.0B	$2.5B	$2.4B	$1.8B	$1.2B
Net debt / EBITDA	−0.7x	0.1x	−0.0x	−0.3x	−0.3x
Debt / equity	0.3x	0.3x	0.2x	0.2x	0.1x
Interest coverage	−0.5x	10.5x	8.2x	−1.5x	8.6x
Current ratio	1.7x	1.7x	2.0x	2.1x	2.6x
Quick ratio	1.3x	1.3x	1.6x	1.6x	2.0x
Total assets	$15.0B	$17.8B	$18.0B	$16.8B	$17.1B
Total liabilities	$7.0B	$7.9B	$6.9B	$6.0B	$5.2B
Shareholders' equity	$8.0B	$9.9B	$11.1B	$10.8B	$11.9B
Net debt (− = net cash)	−$926M	$159M	−$15.0M	−$386M	−$658M

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$0.0M

0 insiders

Of sales under plans

—

$0.0M

No open-market insider trades in the last 12 months.

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

Test	FY23	FY24	FY25
Net income is positive	✓	✕	✓
Cash from operations is positive	✓	✓	✓
Return on assets rose	✕	✕	✓
Cash from operations exceeds net income	✓	✓	✓
Debt fell relative to assets	✓	✓	✓
Current ratio rose	✓	✓	✓
Share count didn't rise	✕	✓	✕
Gross margin rose	✓	✕	✓
Revenue rose relative to assets	✕	✕	✓
F-score	6 / 9	5 / 9	8 / 9
Accruals ratio	−6.2%	−11.4%	−5.0%
Altman Z''	0.94	0.56	1.87

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

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GlobalFoundries GFS	$24.8B	0.6%	11.7%	14.9%	7.1%	—	8
Amkor Technology AMKR	$9.8B	6.2%	7.0%	2.9%	10.4%	22.5x	6	Compare →
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7 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

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Fiscal year	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Income statement
Revenue	$5.8B	$4.9B	$6.6B	$8.1B	$7.4B	$6.8B	$6.8B
Gross profit	−$532M	−$712M	$1.0B	$2.2B	$2.1B	$1.7B	$1.7B
Research and development	$583M	$476M	$478M	$482M	$428M	$496M	$518M
Operating income	−$1.6B	−$1.7B	−$60.0M	$1.2B	$1.1B	−$214M	$797M
Interest expense	$230M	$154M	$114M	$111M	$137M	$145M	$93.0M
Pretax income	−$1.1B	−$1.4B	−$176M	$1.5B	$1.1B	−$170M	$911M
Income tax	$224M	−$12.0M	$78.0M	$86.0M	$66.0M	$92.0M	$23.0M
Net income	−$1.4B	−$1.4B	−$250M	$1.4B	$1.0B	−$265M	$885M
Diluted EPS	−$2.72	−$2.70	−$0.49	$2.62	$1.83	−$0.48	$1.59
Diluted shares	0.50B	0.50B	0.51B	0.55B	0.56B	0.55B	0.56B
Cash flow
Cash from operations	$497M	$1.0B	$2.8B	$2.6B	$2.1B	$1.7B	$1.7B
Capital expenditure	$588M	$592M	$1.8B	$3.1B	$1.8B	$625M	$722M
Free cash flow	−$91.1M	$412M	$1.1B	−$435M	$321M	$1.1B	$1.0B
Depreciation and amortization	$2.4B	$2.2B	$1.4B	$1.5B	$1.3B	$1.4B	$1.2B
Stock-based compensation	$0.0M	$1.0M	$223M	$181M	$150M	$186M	$200M
Acquisitions	$0.0M	$0.0M	$0.0M	$0.0M	$0.0M	$69.0M	$682M
Share buybacks	$0.0M	$0.0M	$0.0M	$0.0M	$0.0M	$200M	$0.0M
Dividends paid	$0.0M	$0.0M	$0.0M	$0.0M	$0.0M	$0.0M	$0.0M
Dividends and buybacks	$0.0M	$0.0M	$0.0M	$0.0M	$0.0M	$200M	$0.0M
Balance sheet
Cash and short-term investments	$997M	$908M	$2.9B	$2.4B	$2.4B	$2.2B	$1.8B
Total debt	—	$2.3B	$2.0B	$2.5B	$2.4B	$1.8B	$1.2B
Finance lease liabilities	$0.0M	$0.0M	$0.0M	$0.0M	$0.0M	$0.0M	$0.0M
Current assets	—	$3.0B	$5.3B	$5.8B	$6.3B	$6.4B	$6.2B
Current liabilities	—	$1.9B	$3.2B	$3.4B	$3.1B	$3.0B	$2.4B
Inventory	$0.0M	$920M	$1.1B	$1.3B	$1.5B	$1.6B	$1.6B
Property and equipment, net	—	$8.2B	$8.7B	$10.6B	$9.8B	$7.8B	$7.2B
Total assets	—	$12.3B	$15.0B	$17.8B	$18.0B	$16.8B	$17.1B
Total liabilities	—	$5.1B	$7.0B	$7.9B	$6.9B	$6.0B	$5.2B
Shareholders' equity	$9.0B	$7.2B	$8.0B	$9.9B	$11.1B	$10.8B	$11.9B
Margins
Gross margin	−9.2%	−14.7%	15.4%	27.6%	28.4%	24.5%	24.9%
Operating margin	−28.0%	−34.1%	−0.9%	14.4%	15.3%	−3.2%	11.7%
EBITDA margin	13.0%	11.0%	20.7%	32.5%	33.1%	17.9%	28.9%
Net margin	−23.6%	−27.8%	−3.8%	17.9%	13.8%	−3.9%	13.0%
FCF margin	−1.6%	8.5%	16.3%	−5.4%	4.3%	16.3%	14.9%
Returns
Return on capital	—	—	−0.6%	12.8%	10.0%	−1.6%	7.1%
Return on capital employed	—	—	−0.5%	8.9%	7.7%	−1.5%	5.6%
Return on equity	—	—	−3.3%	16.2%	9.7%	−2.4%	7.8%
Return on assets	—	—	−1.8%	8.8%	5.7%	−1.5%	5.2%
Growth
Revenue growth	—	−16.6%	35.8%	23.1%	−8.8%	−8.7%	0.6%
Net income growth	—	—	—	—	−29.6%	−126.0%	—
EPS growth	—	—	—	—	−30.2%	−126.2%	—
FCF growth	—	—	160.2%	−140.6%	—	241.7%	−8.0%
Share count change	—	−0.8%	1.2%	9.1%	0.7%	−0.5%	0.9%
Financial health
Net debt / EBITDA	—	2.7x	−0.7x	0.1x	−0.0x	−0.3x	−0.3x
Debt / equity	—	0.3x	0.3x	0.3x	0.2x	0.2x	0.1x
Interest coverage	−7.1x	−10.8x	−0.5x	10.5x	8.2x	−1.5x	8.6x
Current ratio	—	1.6x	1.7x	1.7x	2.0x	2.1x	2.6x
Quick ratio	—	1.1x	1.3x	1.3x	1.6x	1.6x	2.0x
Capital allocation
Capex / revenue	10.1%	12.2%	26.8%	37.7%	24.4%	9.3%	10.6%
Stock comp / revenue	0.0%	0.0%	3.4%	2.2%	2.0%	2.8%	3.0%
Payouts / FCF	—	0.0%	0.0%	—	0.0%	18.2%	0.0%
Quality scores
Piotroski F-score	—	—	—	7.0	6.0	5.0	8.0
Altman Z''	—	−2.9	−1.3	0.1	0.9	0.6	1.9
Accruals ratio	—	—	−22.6%	−7.2%	−6.2%	−11.4%	−5.0%

Source: SEC EDGAR XBRL filings (CIK 0001709048). Data updated October 23, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.