Analysis of Reportable Segments
Texas Instruments Inc. operates in 2 segments: Analog and Embedded Processing.
Segment Profit Margin
Texas Instruments Inc., profit margin by reportable segment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Analog | 44.64% | 54.42% | 52.62% | 45.12% | 43.79% |
| Embedded Processing | 29.93% | 38.42% | 38.50% | 28.91% | 30.82% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Analog | Analog segment profit margin ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
| Embedded Processing | Embedded Processing segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Analog
Texas Instruments Inc.; Analog; segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating profit | 5,821) | 8,359) | 7,393) | 4,912) | 4,477) |
| Revenue | 13,040) | 15,359) | 14,050) | 10,886) | 10,223) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 44.64% | 54.42% | 52.62% | 45.12% | 43.79% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment profit margin = 100 × Operating profit ÷ Revenue
= 100 × 5,821 ÷ 13,040 = 44.64%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Analog | Analog segment profit margin ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Segment Profit Margin: Embedded Processing
Texas Instruments Inc.; Embedded Processing; segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating profit | 1,008) | 1,253) | 1,174) | 743) | 907) |
| Revenue | 3,368) | 3,261) | 3,049) | 2,570) | 2,943) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 29.93% | 38.42% | 38.50% | 28.91% | 30.82% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment profit margin = 100 × Operating profit ÷ Revenue
= 100 × 1,008 ÷ 3,368 = 29.93%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Embedded Processing | Embedded Processing segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Revenue
Texas Instruments Inc., revenue by reportable segment
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Analog | 13,040) | 15,359) | 14,050) | 10,886) | 10,223) |
| Embedded Processing | 3,368) | 3,261) | 3,049) | 2,570) | 2,943) |
| Other | 1,111) | 1,408) | 1,245) | 1,005) | 1,217) |
| Total | 17,519) | 20,028) | 18,344) | 14,461) | 14,383) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
Operating profit
Texas Instruments Inc., operating profit by reportable segment
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Analog | 5,821) | 8,359) | 7,393) | 4,912) | 4,477) |
| Embedded Processing | 1,008) | 1,253) | 1,174) | 743) | 907) |
| Other | 502) | 528) | 393) | 239) | 339) |
| Total | 7,331) | 10,140) | 8,960) | 5,894) | 5,723) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).