STMicroelectronics
STM · NYSESemiconductors & Related Devices · Fiscal year ends Dec 31
STMicroelectronics reported revenue of $11.8B in the fiscal year ended Dec 2025, down 11.1% from the year before. Operating income was $175M, an operating margin of 1.5%, and net income was $166M. It held more cash than debt (net cash $704M).
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $12.8B | $16.1B | $17.3B | $13.3B | $11.8B |
| Cost of revenue | $7.4B | $8.5B | $9B | $8B | $7.8B |
| Gross profit | $5.3B | $7.6B | $8.3B | $5.2B | $4B |
| Research & development | $1.7B | $1.9B | $2.1B | $2.1B | $2B |
| Selling, general & admin | $1.3B | $1.5B | $1.6B | $1.6B | $1.6B |
| Operating income | $2.4B | $4.4B | $4.6B | $1.7B | $175M |
| Interest expense | $42M | $13M | $55M | $85M | $55M |
| Pre-tax income | $2.3B | $4.5B | $4.8B | $1.9B | $400M |
| Income tax | $331M | $520M | $541M | $313M | $220M |
| Net income | $2B | $4B | $4.2B | $1.6B | $166M |
| Diluted EPS | 2.16 | 4.19 | 4.46 | 1.66 | 0.18 |
| Diluted shares | 925M | 946M | 944M | 939M | 923M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $3.2B | $3.3B | $3.2B | $2.3B | $2.8B |
| Receivables | $1.8B | $2B | $1.7B | $1.7B | $1.7B |
| Inventory | $2B | $2.6B | $2.7B | $2.8B | $3.1B |
| Current assets | $7.8B | $9.8B | $11.8B | $11.7B | $11.3B |
| Net PP&E | $5.7B | $8.2B | $10.6B | $10.9B | $11.1B |
| Goodwill | $313M | $297M | $303M | $290M | $315M |
| Total assets | $15.5B | $20B | $24.5B | $24.7B | $24.8B |
| Current liabilities | $2.9B | $3.8B | $3.7B | $3.8B | $3.4B |
| Short-term debt | $143M | $175M | $217M | $990M | $298M |
| Long-term debt | $2.4B | $2.5B | $2.7B | $2B | $1.8B |
| Total liabilities | $6.3B | $7.2B | $7.6B | $7.1B | $6.6B |
| Shareholders' equity | $9.2B | $12.7B | $16.7B | $17.4B | $17.8B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $3.1B | $5.2B | $6B | $3B | $2.2B |
| Depreciation & amortisation | $1B | $1.2B | $1.6B | $1.8B | $1.9B |
| Stock-based compensation | $221M | $215M | $236M | $222M | $193M |
| Share buybacks | $485M | $346M | $346M | $359M | $367M |
| Dividends paid | $205M | $212M | $223M | $288M | $321M |
| Dividend per share | – | 0.24 | 0.24 | 0.36 | 0.36 |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 26.4% | 7.2% | −23.2% | −11.1% |
| Operating income growth (YoY) | – | 83.5% | 3.9% | −63.7% | −89.6% |
| EPS growth (YoY) | – | 94.0% | 6.4% | −62.8% | −89.2% |
| Gross margin | 41.7% | 47.3% | 47.9% | 39.3% | 33.9% |
| Operating margin | 19.0% | 27.5% | 26.7% | 12.6% | 1.5% |
| Net margin | 15.7% | 24.6% | 24.4% | 11.7% | 1.4% |
| Return on equityBlank when equity is negative | 21.7% | 31.2% | 25.2% | 8.9% | 0.9% |
| ROCEEBIT ÷ (assets − current liabilities) | 19.2% | 27.5% | 22.3% | 8.0% | 0.8% |
| Cash conversion (CFO ÷ net income) | 1.53x | 1.31x | 1.42x | 1.90x | 13.0x |
| Receivable days | 50 | 45 | 37 | 48 | 54 |
| Inventory days | 97 | 111 | 109 | 127 | 147 |
| Interest cover | 57.6x | 341x | 83.8x | 19.7x | 3.18x |
| Debt ÷ equity | 0.28x | 0.21x | 0.17x | 0.17x | 0.12x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | −$686M | −$541M | −$295M | $671M | −$704M |
| Current ratio | 2.65x | 2.56x | 3.17x | 3.11x | 3.36x |
Recent filings
More in Semiconductors & Related Devices
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.