AMD
AMD · Semiconductors
$516.79
1.7%Texas Instruments
TXN · Semiconductors
$284.69
1.9%The short version
- AMD is the larger business, with $34.6B of revenue in fiscal 2025 against $17.7B for Texas Instruments, about 2.0 times as much.
- AMD grew revenue faster (34.3%, against 13.1%).
- Texas Instruments kept more of each dollar of sales as operating profit (34.1% operating margin, against 10.7% operating margin).
- AMD turned more of its sales into free cash flow (19.4% FCF margin, against 14.7% FCF margin).
- Texas Instruments earned a higher return on the capital invested in it (21.8%, against 6.7%).
- Investors pay more for each dollar of AMD’s earnings: a P/E of 132.9x against 36.9x for Texas Instruments.
| Latest fiscal year | AMD · FY25 | TXN · FY25 |
|---|---|---|
| Size | ||
| Market cap | $857.4B | $262.2B |
| Revenue | $34.6B | $17.7B |
| Free cash flow | $6.7B | $2.6B |
| Net income | $4.3B | $5.0B |
| Growth | ||
| Revenue growth | 34.3% | 13.1% |
| 5-year growth | 28.8% | 4.1% |
| Share count change | −0.1% | −0.7% |
| Profitability | ||
| Gross margin | 49.5% | 57.0% |
| Operating margin | 10.7% | 34.1% |
| Net margin | 12.5% | 28.3% |
| FCF margin | 19.4% | 14.7% |
| Return on capital | 6.7% | 21.8% |
| Return on equity | 7.2% | 30.2% |
| Balance sheet | ||
| Net debt | −$6.5B | $9.2B |
| Net debt / EBITDA | −1.0x | 1.2x |
| Dividends and buybacks | $1.3B | $6.5B |
| Valuation & quality | ||
| P/E | 132.9x | 36.9x |
| Piotroski F-score | 8 | 6 |
FY16
AMD $4.3B
TXN $13.4B
FY17
AMD $5.3B
TXN $15.0B
FY18
AMD $6.5B
TXN $15.8B
FY19
AMD $6.7B
TXN $14.4B
FY20
AMD $9.8B
TXN $14.5B
FY21
AMD $16.4B
TXN $18.3B
FY22
AMD $23.6B
TXN $20.0B
FY23
AMD $22.7B
TXN $17.5B
FY24
AMD $25.8B
TXN $15.6B
FY25
AMD $34.6B
TXN $17.7B
AMD
TXN
FY16
AMD −8.6%
TXN 36.3%
FY17
AMD 2.4%
TXN 40.7%
FY18
AMD 7.0%
TXN 42.5%
FY19
AMD 9.4%
TXN 39.8%
FY20
AMD 14.0%
TXN 40.8%
FY21
AMD 22.2%
TXN 48.8%
FY22
AMD 5.4%
TXN 50.6%
FY23
AMD 1.8%
TXN 41.9%
FY24
AMD 7.4%
TXN 34.9%
FY25
AMD 10.7%
TXN 34.1%
AMD
TXN
FY16
AMD $4.0M
TXN $4.1B
FY17
AMD −$101M
TXN $4.7B
FY18
AMD −$129M
TXN $6.1B
FY19
AMD $276M
TXN $5.8B
FY20
AMD $777M
TXN $5.5B
FY21
AMD $3.2B
TXN $6.3B
FY22
AMD $3.1B
TXN $5.9B
FY23
AMD $1.1B
TXN $1.3B
FY24
AMD $2.4B
TXN $1.5B
FY25
AMD $6.7B
TXN $2.6B
AMD
TXN
FY16
AMD —
TXN 33.0%
FY17
AMD —
TXN 35.9%
FY18
AMD 41.6%
TXN 56.7%
FY19
AMD 36.5%
TXN 52.4%
FY20
AMD 48.1%
TXN 58.5%
FY21
AMD 77.7%
TXN 75.2%
FY22
AMD 4.6%
TXN 69.1%
FY23
AMD 0.8%
TXN 38.1%
FY24
AMD 2.9%
TXN 22.7%
FY25
AMD 6.7%
TXN 21.8%
AMD
TXN
Add another company
Compare up to four at once.
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.