QCOM vs. TXN: QUALCOMM vs. Texas Instruments Stock Comparison

November 11, 2026

How do QUALCOMM (QCOM) and Texas Instruments (TXN) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

QUALCOMM (QCOM) and Texas Instruments (TXN) are both classified in the Semiconductors sub-industry within the broader Semiconductors & Semiconductor Equipment industry, placing them in the closest GICS peer bucket.

Company profile comparison for QUALCOMM (QCOM) and Texas Instruments (TXN)
Profile Item	QCOM	TXN
Name	QUALCOMM Incorporated	Texas Instruments Inc.
Country/Region	United States	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Semiconductors & Semiconductor Equipment	Semiconductors & Semiconductor Equipment
GICS Industry	Semiconductors & Semiconductor Equipment	Semiconductors & Semiconductor Equipment
GICS Sub-Industry	Semiconductors	Semiconductors
Market Capitalization	176.99 billion USD	253.58 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	December 13, 1991	June 1, 1972
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

QCOM

TXN

GSPC

QUALCOMM (QCOM) vs. Texas Instruments (TXN), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for QUALCOMM (QCOM) and Texas Instruments (TXN). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for QUALCOMM (QCOM) and Texas Instruments (TXN). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for QUALCOMM (QCOM) and Texas Instruments (TXN)
Metric	QCOM	TXN
Total Return (1Y)	4.41%	86.19%
Total Return (3Y, Annualized)	15.75%	30.37%
Total Return (5Y, Annualized)	3.17%	12.03%

Risk Profile

Drawdown History

QCOM

TXN

GSPC

QUALCOMM (QCOM) vs. Texas Instruments (TXN), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for QUALCOMM (QCOM) and Texas Instruments (TXN). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for QUALCOMM (QCOM) and Texas Instruments (TXN)
Metric	QCOM	TXN
Volatility (1Y, Annualized)	55.42%	44.27%
Beta (5Y)	1.73	1.40
Max Drawdown (5Y)	-44.29%	-33.41%
Avg. Volume (3M)	12.25M	6.57M

Risk-Adjusted Performance

Risk-Return Positioning

QCOM and TXN are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for QUALCOMM (QCOM) and Texas Instruments (TXN)
Metric	QCOM	TXN
Sharpe Ratio (1Y)	0.00	1.85
Sortino Ratio (1Y)	0.00	3.15

Profitability

ROE (TTM)

Both QUALCOMM (QCOM) at 52.82% and Texas Instruments (TXN) at 39.72% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

QCOM

Semiconductors & Semiconductor Equipment industry group

52.82%

QCOM: 52.82%
Max: 52.82%
Q3: 22.26%
Median: 10.58%
Q1: 1.29%
Min: -16.89%

TXN

Semiconductors & Semiconductor Equipment industry group

39.72%

Max: 52.82%
TXN: 39.72%
Q3: 22.26%
Median: 10.58%
Q1: 1.29%
Min: -16.89%

QUALCOMM (QCOM) vs. Texas Instruments (TXN): A comparison of their ROE against the Semiconductors & Semiconductor Equipment industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both QUALCOMM (QCOM) at 31.61% and Texas Instruments (TXN) at 34.25% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

QCOM

Semiconductors & Semiconductor Equipment industry group

31.61%

Max: 63.80%
QCOM: 31.61%
Q3: 28.36%
Median: 11.44%
Q1: 0.90%
Min: -37.77%

TXN

Semiconductors & Semiconductor Equipment industry group

34.25%

Max: 63.80%
TXN: 34.25%
Q3: 28.36%
Median: 11.44%
Q1: 0.90%
Min: -37.77%

QUALCOMM (QCOM) vs. Texas Instruments (TXN): A comparison of their net margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Operating Margin (TTM)

Texas Instruments (TXN) at 47.55% operates in the top operating margin quartile, ahead of QUALCOMM (QCOM) at 15.41%, which runs around its industry’s norm.

QCOM

Semiconductors & Semiconductor Equipment industry group

15.41%

Max: 58.66%
Q3: 30.23%
Median: 15.91%
QCOM: 15.41%
Q1: 7.54%
Min: -25.74%

TXN

Semiconductors & Semiconductor Equipment industry group

47.55%

Max: 58.66%
TXN: 47.55%
Q3: 30.23%
Median: 15.91%
Q1: 7.54%
Min: -25.74%

QUALCOMM (QCOM) vs. Texas Instruments (TXN): A comparison of their operating margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for QUALCOMM (QCOM) and Texas Instruments (TXN)
Metric	QCOM	TXN
ROE (TTM)	52.82%	39.72%
ROA (TTM)	10.13%	14.85%
Net Margin (TTM)	31.61%	34.25%
Operating Margin (TTM)	15.41%	47.55%
Gross Margin (TTM)	53.10%	60.24%

Growth

Revenue Growth

Texas Instruments (TXN) at 13.05% is around its peer norm for revenue growth, while QUALCOMM (QCOM) at -2.63% drops into the bottom quartile, signaling weaker demand or pricing momentum.

QUALCOMM (QCOM) vs. Texas Instruments (TXN): A comparison of their Revenue Growth across different time periods.

EPS Growth

QUALCOMM (QCOM) at 153.49% clears its industry range for EPS growth, a much stronger earnings trajectory than Texas Instruments (TXN) at 4.81%, which is closer to a typical peer reading.

QUALCOMM (QCOM) vs. Texas Instruments (TXN): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for QUALCOMM (QCOM) and Texas Instruments (TXN)
Metric	QCOM	TXN
Revenue Growth (YoY)	-2.63%	13.05%
Revenue Growth (3Y CAGR)	6.38%	-4.07%
EPS Growth (YoY)	153.49%	4.81%
EPS Growth (3Y CAGR)	25.53%	-16.64%

Financial Strength

Current Ratio (MRQ)

Texas Instruments (TXN) at 5.60 keeps current ratio within its industry’s typical mid-range, while QUALCOMM (QCOM) at 1.86 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for QCOM.

QCOM

Semiconductors & Semiconductor Equipment industry group

1.86

Max: 10.33
Q3: 5.62
Median: 3.33
Q1: 2.35
QCOM: 1.86
Min: 1.03

TXN

Semiconductors & Semiconductor Equipment industry group

5.60

Max: 10.33
Q3: 5.62
TXN: 5.60
Median: 3.33
Q1: 2.35
Min: 1.03

QUALCOMM (QCOM) vs. Texas Instruments (TXN): A comparison of their current ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Debt / Equity (MRQ)

QUALCOMM (QCOM) at 0.53 carries an industry-typical debt-to-equity mix, while Texas Instruments (TXN) at 0.71 uses more debt funding than most peers.

QCOM

Semiconductors & Semiconductor Equipment industry group

0.53

Max: 1.46
Q3: 0.65
QCOM: 0.53
Median: 0.27
Q1: 0.04
Min: 0.00

TXN

Semiconductors & Semiconductor Equipment industry group

0.71

Max: 1.46
TXN: 0.71
Q3: 0.65
Median: 0.27
Q1: 0.04
Min: 0.00

QUALCOMM (QCOM) vs. Texas Instruments (TXN): A comparison of their debt-to-equity ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for QUALCOMM (QCOM) and Texas Instruments (TXN)
Metric	QCOM	TXN
Current Ratio (MRQ)	1.86	5.60
Debt / Equity (MRQ)	0.53	0.71
Net Debt / EBITDA	0.78	0.51

Dividends

Dividend Yield (TTM)

Both QUALCOMM (QCOM) at 2.31% and Texas Instruments (TXN) at 2.04% yield above their industries’ entire benchmark ranges — high enough that dividend safety, not income, becomes the first question.

QCOM

Semiconductors & Semiconductor Equipment industry group

2.31%

QCOM: 2.31%
Max: 1.37%
Q3: 0.65%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

TXN

Semiconductors & Semiconductor Equipment industry group

2.04%

TXN: 2.04%
Max: 1.37%
Q3: 0.65%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

QUALCOMM (QCOM) vs. Texas Instruments (TXN): A comparison of their dividend yield against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

Both pay out more than their industries’ typical bands, and TXN more so: QUALCOMM (QCOM) at 28.50% sits above the band, while Texas Instruments (TXN) at 73.67% exceeds every peer in its group.

QCOM

Semiconductors & Semiconductor Equipment industry group

28.50%

Max: 49.64%
QCOM: 28.50%
Q3: 21.71%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

TXN

Semiconductors & Semiconductor Equipment industry group

73.67%

TXN: 73.67%
Max: 49.64%
Q3: 21.71%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

QUALCOMM (QCOM) vs. Texas Instruments (TXN): A comparison of their payout ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for QUALCOMM (QCOM) and Texas Instruments (TXN)
Metric	QCOM	TXN
Dividend Yield (TTM)	2.31%	2.04%
Dividend Payout Ratio (TTM)	28.50%	73.67%

Valuation

P/E Ratio (TTM)

QUALCOMM (QCOM) at 13.02 sits in the cheaper P/E ratio quartile, while Texas Instruments (TXN) at 35.97 is closer to its industry’s usual earnings multiple — a discount for QCOM, though growth and earnings durability still matter.

QCOM

Semiconductors & Semiconductor Equipment industry group

13.02

Max: 110.34
Q3: 66.81
Median: 37.02
Q1: 23.96
QCOM: 13.02
Min: 8.12

TXN

Semiconductors & Semiconductor Equipment industry group

35.97

Max: 110.34
Q3: 66.81
Median: 37.02
TXN: 35.97
Q1: 23.96
Min: 8.12

QUALCOMM (QCOM) vs. Texas Instruments (TXN): A comparison of their P/E ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both QUALCOMM (QCOM) at 4.10 and Texas Instruments (TXN) at 12.21 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

QCOM

Semiconductors & Semiconductor Equipment industry group

4.10

Max: 21.42
Q3: 12.27
Median: 5.76
QCOM: 4.10
Q1: 2.73
Min: 0.00

TXN

Semiconductors & Semiconductor Equipment industry group

12.21

Max: 21.42
Q3: 12.27
TXN: 12.21
Median: 5.76
Q1: 2.73
Min: 0.00

QUALCOMM (QCOM) vs. Texas Instruments (TXN): A comparison of their P/S ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/B Ratio (MRQ)

QUALCOMM (QCOM) at 5.83 is valued about in line with its industry on P/B ratio, while Texas Instruments (TXN) at 13.21 carries an above-peer premium to book — TXN is pricier on assets.

QCOM

Semiconductors & Semiconductor Equipment industry group

5.83

Max: 14.06
Q3: 7.44
QCOM: 5.83
Median: 4.29
Q1: 2.30
Min: 0.20

TXN

Semiconductors & Semiconductor Equipment industry group

13.21

Max: 14.06
TXN: 13.21
Q3: 7.44
Median: 4.29
Q1: 2.30
Min: 0.20

QUALCOMM (QCOM) vs. Texas Instruments (TXN): A comparison of their P/B ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for QUALCOMM (QCOM) and Texas Instruments (TXN)
Metric	QCOM	TXN
P/E Ratio (TTM)	13.02	35.97
P/S Ratio (TTM)	4.10	12.21
P/B Ratio (MRQ)	5.83	13.21
Free Cash Flow Yield (TTM)	5.15%	1.88%