Texas Instruments Incorporated (TXN)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 11,019,000 | 13,771,000 | 12,376,000 | 9,269,000 | 9,164,000 |
| Revenue | US$ in thousands | 17,508,000 | 20,028,000 | 18,344,000 | 14,461,000 | 14,383,000 |
| Gross profit margin | 62.94% | 68.76% | 67.47% | 64.10% | 63.71% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $11,019,000K ÷ $17,508,000K
= 62.94%
The gross profit margin of Texas Instruments Inc. has exhibited fluctuations over the past five years. In 2023, the gross profit margin stands at 62.90%, representing a decline from the previous year. This decrease may indicate potential challenges in managing production costs or pricing strategies, impacting the profitability of the company. However, it is worth noting that the gross profit margin remains relatively healthy compared to 2020 and 2019, suggesting that Texas Instruments Inc. has maintained a competitive position in terms of generating profits from its core operations. Further analysis of the company's cost structure and revenue sources would be necessary to fully understand the factors influencing the fluctuations in the gross profit margin over the years.
Peer comparison
Dec 31, 2023