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TSEM · Nasdaq · United States · Semiconductors & Related Devices
In shortTOWER SEMICONDUCTOR LTD is profitable, burns cash and holds more cash than debt, with revenue growing (+9.1% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 12.4% | 58/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 14.1% | 76/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 7.9% | 40/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 5.7% | 38/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 6.48× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.06× | 100/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 53.08× | 100/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 11.47 | 100/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -3.1% | 7/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | -0.22× | 0/100 |
| Years with positive free cash flow (last 5) | 4 of 5 | 75/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 13.0% | 63/100 |
| Operating margin volatility | 11.4% | 6/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -2.3% | 4/100 |
|---|---|---|
| EPS growth, 3-year average | -6.7% | 0/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 1,508 | 1,678 | 1,423 | 1,436 | 1,566 |
| Cost of revenue | 1,179 | 1,211 | 1,069 | 1,097 | 1,202 |
| Gross profit | 329 | 466 | 354 | 339 | 364 |
| Research & development | 85 | 84 | 80 | 79 | 86 |
| Selling, general & admin | 77 | 80 | 72 | 75 | 83 |
| Operating income | 167 | 312 | 547 | 191 | 194 |
| Interest expense | 7.3 | 5.7 | 4.4 | 4 | 3.7 |
| Pre-tax income | 155 | 292 | 585 | 217 | 240 |
| Income tax | 1 | 26 | 65 | 10 | 22 |
| Net income | 150 | 265 | 518 | 208 | 220 |
| Diluted EPS | $1.37 | $2.39 | $4.66 | $1.85 | $1.94 |
| Diluted shares (millions) | 110 | 111 | 111 | 112 | 114 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of TOWER SEMICONDUCTOR LTD are included in the Investor plan. Try free for 7 days →
11.47 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Apr 30, 2026