Texas Instruments Incorporated's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Texas Instruments Incorporated (TXN) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Texas Instruments Incorporated vs Its Competitors
- TTM: Trailing 12-month revenue of 20,766M vs 26,458M combined for its competitors (44.0% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+16.6% annualized vs trailing 12 months), vs accelerating (+13.6%) for its tracked peer group.
- Growth: Texas Instruments Incorporated generated 27.7% revenue growth year over year in Q3 2026, vs 26.4% for its competitors combined.
- Profitability: Its 40.1% net margin compares with 19.9% for the peer group.
- Scale: Texas Instruments Incorporated ranks #7 of 115 companies by market capitalization in the Semiconductors industry, holding 2.5% of industry market cap.
- Peer revenue share: Texas Instruments Incorporated accounted for 44.6% of combined revenue among its tracked peer group, up from 44.4% a year earlier.
- Peer differentiation: Revenue per employee of $0.63M compares with $0.87M for the peer group (0.7x).
- Structure: Texas Instruments Incorporated operates in the following segments: Analog, Embedded Processing, Other Operating.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
TXN Sales vs. its Competitors, Q3 2026
Texas Instruments Incorporated reported revenue growth of 27.69 % year on year in Q3 2026, above its competitors' combined revenue growth of 26.36 %.
With a net margin of 40.05 %, Texas Instruments Incorporated achieved higher profitability than its competitors (19.93 %).
Texas Instruments Incorporated generated 44.62 % of the combined sales of its peer group, up from 44.36 % a year earlier.
API endpoints for this dataset
Texas Instruments Incorporated vs. its Competitors, Q3 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Texas Instruments Incorporated reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Texas Instruments Incorporated and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Texas Instruments Incorporated | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (8) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (2) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (2) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Texas Instruments Incorporated's competitor groups requires a Commercial License.
For context: the Semiconductors industry grew revenue 48.1% year over year, combined, vs 27.7% for Texas Instruments Incorporated. Texas Instruments Incorporated's share of combined industry revenue moved from 1.20% to 1.04%, a loss of 0.17 percentage points.
Texas Instruments Incorporated's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Texas Instruments Incorporated | Yes | Yes | Yes | No |
| Competitors combined (38) | ||||
| High-Confidence Competitors (22) | ||||
| Similar-Size Competitors (9) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 87.50 % (7 of 8) | 0.00 % (0 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
TXN Stock Performance relative to its Competitors
TXN Stock Performance relative to High-Confidence Competitors
TXN Stock Performance relative to Similar-Size Competitors
TXN Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Maxlinear Inc | 282.9% | Outperformed |
| 2 | Silicom Ltd | 282.9% | Outperformed |
| 3 | Advanced Micro Devices Inc | 282.9% | Outperformed |
| 4 | Silicon Laboratories Inc | 282.9% | Outperformed |
| 5 | Lattice Semiconductor Corp | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Texas Instruments Incorporated's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Texas Instruments Incorporated's Comment on Competition and Industry Peers
Publicly Traded Peers of Texas Instruments Incorporated
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| 256,885.32 | 20,766.00 | |
| 1,488,091.50 | 89,104.00 | |
| 747,578.58 | 40,524.00 | |
| 181,464.56 | 12,740.34 | |
| 175,914.64 | 44,069.00 | |
| 128,420.81 | 8,715.90 | |
| SUBTOTAL | 3,287,362.82 | 266,931.32 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Texas Instruments Incorporated versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Texas Instruments Incorporated's Competitors Named by the Company
Competitive relationships identified from Texas Instruments Incorporated reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Cirrus Logic Inc | Company report | 85% |
| Silicon Laboratories Inc | Company report | 85% |
| Alpha And Omega Semiconductor Limited | Company report | 85% |
| Skyworks Solutions Inc | Company report | 85% |
| Nxp Semiconductors N v | Company report | 85% |
| Sitime Corporation | Company report | 85% |
| Neonode Inc | Company report | 85% |
| Navitas Semiconductor Corporation | Company report | 85% |
| Qualcomm Inc | Company report | 85% |
| Pixelworks Inc | Company report | 85% |
| Kopin Corporation | Company report | 85% |
| Mobileye Global inc | Company report | 85% |
| Maxlinear Inc | Company report | 85% |
| Power Integrations Inc | Company report | 85% |
| Himax Technologies Inc | Company report | 85% |
| Transphorm Inc | Company report | 85% |
| Xilinx Inc | Company report | 85% |
| Microvision Inc | Company report | 85% |
| Analog Devices Inc | Company report | 85% |
| Dsp Group Inc | Company report | 85% |
| Maxim Integrated Products Inc | Company report | 85% |
| Pmc Sierra Inc | Company report | 85% |
| Qorvo Inc | Company report | 85% |
| Monolithic Power Systems Inc | Company report | 85% |
| Advanced Micro Devices Inc | Company report | 85% |
| On Semiconductor Corporation | Company report | 85% |
| Broadcom Inc | Company report | 85% |
| Marvell Technology Inc | Company report | 85% |
| Diodes Inc | Company report | 85% |
| Synaptics Incorporated | Company report | 85% |
| Microchip Technology Incorporated | Company report | 85% |
| Macom Technology Solutions Holdings Inc | Company report | 85% |
| Semtech Corp | Company report | 85% |
| Allegro Microsystems Inc | Company report | 85% |
| Lattice Semiconductor Corp | Company report | 85% |
| Quicklogic Corp | Company report | 85% |
| Ambarella Inc | Company report | 85% |
| Wolfspeed Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Texas Instruments Incorporated's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Texas Instruments Incorporated's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Texas Instruments Incorporated | Analog 81.11 % |
| Broadcom Inc | Semiconductor Solutions 64.81 % |
| Advanced Micro Devices Inc | Data Center 57.80 % |
| Qualcomm Inc | QCT 85.49 % |
| Marvell Technology Inc | Reportable 100.00 % |
| Microchip Technology Incorporated | Semiconductor products 97.20 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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Texas Instruments Incorporated's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Texas Instruments Incorporated | 256,885 | 629,273 | 215,545 |
| Broadcom Inc | 1,488,092 | 2,700,121 | 1,159,545 |
| Advanced Micro Devices Inc | 747,579 | 1,307,226 | 207,548 |
| Analog Devices Inc | 181,465 | 520,014 | 135,242 |
| Qualcomm Inc | 175,915 | 847,481 | 178,058 |
| Marvell Technology Inc | 128,421 | 1,165,227 | 676,350 |
| PEERS TOTAL | 3,030,478 | 871,770 | 236,714 |
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Texas Instruments Incorporated's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Broadcom Inc | Asia Pacific 60.15 % |
| Marvell Technology Inc | China 43.75 % |
| Monolithic Power Systems Inc | CHINA 48.68 % |
| On Semiconductor Corporation | Hong Kong 32.97 % |
| Macom Technology Solutions Holdings Inc | United States 39.45 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
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Texas Instruments Incorporated's Position in Industry Market Structure
Market-capitalization share and concentration across all 107 companies in Texas Instruments Incorporated's industry classification, broader than the peer set above. Market cap in millions of $.Texas Instruments Incorporated ranks #7 of 107 companies by market capitalization in its industry, holding 2.50 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 2,244, indicating a moderately concentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Nvidia Corp | 4,689,069 | 45.76 % |
| 3 | Micron Technology Inc | 809,252 | 7.90 % |
| 4 | Advanced Micro Devices Inc | 747,579 | 7.30 % |
| 5 | Intel Corporation | 286,844 | 2.80 % |
| 6 | Applied Materials Inc | 1,234 | 5.2% |
| 7 | Texas Instruments Incorporated | 256,606 | 2.50 % |
| 8 | Arm Holdings Plc | 1,234 | 5.2% |
| 9 | Analog Devices Inc | 1,234 | 5.2% |
| 10 | United Microelectronics Corporation | 1,234 | 5.2% |
| 11 | Marvell Technology Inc | 1,234 | 5.2% |
Market cap and industry share for the rest of Texas Instruments Incorporated's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-06.
Texas Instruments Incorporated's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 3 | Micron Technology Inc | 809,252 | 197.59 % |
| 4 | Advanced Micro Devices Inc | 747,579 | 75.80 % |
| 5 | Intel Corporation | 286,844 | 46.43 % |
| 6 | Applied Materials Inc | 273,892 | 42.13 % |
| 7 | Texas Instruments Incorporated | 256,606 | 70.52 % |
| 8 | Arm Holdings Plc | 1,234 | 12.3% |
| 9 | Analog Devices Inc | 1,234 | 12.3% |
| 10 | United Microelectronics Corporation | 1,234 | 12.3% |
| 11 | Marvell Technology Inc | 1,234 | 12.3% |
| 12 | Ase Technology Holding Co Ltd | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Texas Instruments Incorporated's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-06. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Texas Instruments Incorporated's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Semiconductors industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (180 companies). See the full Semiconductors industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 60.24 % | 29.05 % (avg) | +31.2 pp |
| Operating Margin | 40.76 % | industry median | +37.5 pp |
| EBITDA Margin | 51.40 % | 4.93 % (avg) | +46.5 pp |
| Capital Intensity (Capex / Revenue) | 12.41 % | 8.78 % (avg) | +3.6 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Texas Instruments Incorporated's Valuation vs Competitive Position
Valuation multiples vs the Semiconductors industry average (180 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Semiconductors industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 35.9x | 39.2x | -3.3x |
| EV / EBITDA | 24.9x | 21.5x | +3.4x |
| P/B | 14.5x | 6.0x | +8.5x |
| Return on Equity | 40.51 % | industry aggregate | 7.96 % |
| Return on Invested Capital | 16.84 % | -0.99 % (avg) | 17.83 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Texas Instruments Incorporated's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 5.50 % | -8.88 % | 0.54 % | 26.85 % | 9.18 % | -12.53 % | -10.72 % | 13.05 % |
| Operating Margin | 42.53 % | 39.79 % | 40.76 % | 48.84 % | 50.63 % | 41.85 % | 34.94 % | 34.06 % |
| Return on Invested Capital | 25.73 % | 23.65 % | 24.54 % | 28.42 % | 27.12 % | 16.63 % | 11.27 % | 12.26 % |
| P/E | 17.1x | 23.7x | 27.2x | 22.7x | 18.3x | 21.9x | 38.5x | 31.5x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Texas Instruments Incorporated's Strategic Group Map
Texas Instruments Incorporated is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Texas Instruments Incorporated's trailing-12-month revenue growth of 20.3% and operating margin of 40.8% compares with an average of 22.4% growth and 34.2% margin across its 8 closest peers by combined growth, margin and ROIC -- Texas Instruments Incorporated sits below that peer average on growth and above it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Texas Instruments Incorporated's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
Texas Instruments Incorporated falls in the Question Mark quadrant: relative market share of 0.05x vs its largest competitor, in an industry growing revenue 10.2% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution. A caveat worth reading alongside this chart: Nvidia Corp alone holds 46% of this industry's market cap. In an industry this dominated by one leader, the framework will place nearly every OTHER company in "Dog" or "Question Mark" purely because relative share is measured against that leader, regardless of how strong those other companies actually are on their own fundamentals. Check the Profitability, Valuation and Financial Strength sections above before treating this quadrant label as a verdict.
Texas Instruments Incorporated's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Moderate | Industry HHI of 2,244 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | High (capital intensive) | Capital intensity (capex / revenue) of 12.41 % vs industry average 8.78 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Texas Instruments Incorporated's dedicated Suppliers and Customers pages, not here.
Texas Instruments Incorporated's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Texas Instruments Incorporated falls in the Medium attractiveness / Medium strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Texas Instruments Incorporated's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Operating margin 37.5 points above the industry median.
- Return on equity 8.0 points above the industry aggregate.
- Latest-quarter revenue run-rate is accelerating (+16.6% annualized vs trailing 12 months).
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Low relative market share vs the industry leader (0.05x).
Opportunities
- Industry revenue growing at a healthy 10.2% median pace.
- Trades at a lower P/E than the industry average (35.9x vs 39.2x) despite a higher return on invested capital -- a possible re-rating opportunity.
Threats
- Industry dominated by Nvidia Corp, holding 45.76 % of industry market cap.
- High capital intensity requires continuous reinvestment just to keep pace with the industry.
Methodology: see Methodology: SWOT Analysis.
Texas Instruments Incorporated's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Texas Instruments Incorporated | 1.17 | 4.81 | 0.84 |
| Broadcom Inc | 0.99 | 2.05 | 0.75 |
| Advanced Micro Devices Inc | 0.48 | 2.61 | 0.05 |
| Analog Devices Inc | 0.70 | 2.08 | 0.25 |
| Qualcomm Inc | 0.53 | 2.47 | 0.62 |
| Marvell Technology Inc | 0.98 | 2.25 | 0.31 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Texas Instruments Incorporated's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Texas Instruments Incorporated | Q3 2026 | +27.7 % | +77.8 % |
| Broadcom Inc | Q2 2026 | +85.5 % | +216.1 % |
| Advanced Micro Devices Inc | Q2 2026 | +55.4 % | +163.4 % |
| Analog Devices Inc | Q1 2026 | +37.2 % | +106.5 % |
| Qualcomm Inc | Q2 2026 | -4.0 % | -24.9 % |
| Marvell Technology Inc | Q1 2026 | +27.6 % | -70.1 % |
| PEERS TOTAL | +41.5 % | +106.6 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Texas Instruments Incorporated's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Texas Instruments Incorporated | Q3 2026 | +7.4 % | -61.3 % |
| Broadcom Inc | Q2 2026 | +74.0 % | +274.6 % |
| Advanced Micro Devices Inc | Q2 2026 | +138.3 % | +186.5 % |
| Analog Devices Inc | Q1 2026 | +15.1 % | - |
| Qualcomm Inc | Q2 2026 | +1.4 % | +68.7 % |
| Marvell Technology Inc | Q1 2026 | +22.8 % | +30.3 % |
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Texas Instruments Incorporated's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Texas Instruments Incorporated | 20.08% | 21.75% | 40.51% |
| Broadcom Inc | 21.57% | 24.07% | 43.74% |
| Advanced Micro Devices Inc | 8.10% | 9.43% | 10.07% |
| Analog Devices Inc | 6.90% | 7.53% | 9.78% |
| Qualcomm Inc | 17.24% | 21.12% | 38.04% |
| Marvell Technology Inc | 22.14% | 25.02% | 33.73% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Texas Instruments Incorporated's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Texas Instruments Incorporated | 36.18 | 12.37 |
| Broadcom Inc | 38.79 | 16.70 |
| Advanced Micro Devices Inc | 115.84 | 18.45 |
| Analog Devices Inc | 55.06 | 14.24 |
| Qualcomm Inc | 18.89 | 3.99 |
| Marvell Technology Inc | 57.97 | 14.73 |
| PEERS AVERAGE | 44.45 | 12.32 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.
