Tower Semiconductor Ltd.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.57B | $1.44B | $1.42B | $1.68B | $1.51B | $1.27B | $1.23B | $1.30B |
| Cost of Revenue | $1.20B | $1.10B | $1.07B | $1.21B | $1.18B | $1.03B | $1.00B | $1.01B |
| Gross Profit | $363.9M | $339.4M | $353.5M | $466.3M | $329.1M | $233.3M | $229.7M | $292.9M |
| Gross Margin | 23.2% | 23.6% | 24.8% | 27.8% | 21.8% | 18.4% | 18.6% | 22.5% |
| Operating Expenses | ||||||||
| Research & Development | $86.5M | $79.4M | $79.8M | $83.9M | $85.4M | $78.3M | $75.6M | $73.1M |
| SG&A Expense | $83.2M | $75.0M | $72.5M | $80.3M | $77.2M | $64.0M | $67.4M | $65.0M |
| Operating Income | $194.2M | $191.3M | $547.3M | $311.7M | $166.5M | $91.0M | $86.7M | $154.9M |
| Operating Margin | 12.4% | 13.3% | 38.5% | 18.6% | 11.0% | 7.2% | 7.0% | 11.9% |
| Interest Expense | $3.7M | $4.0M | $4.4M | $5.7M | $7.3M | $6.8M | $6.8M | $10.6M |
| Pretax Income | $240.4M | $217.4M | $584.8M | $292.0M | $155.1M | $88.7M | $91.0M | $139.3M |
| Income Tax Expense | $21.6M | $10.2M | $65.3M | $25.5M | $1.0M | $5.4M | $2.9M | $5.9M |
| Net Income | $220.5M | $207.9M | $518.5M | $264.6M | $150.0M | $82.3M | $90.0M | $135.6M |
| Net Margin | 14.1% | 14.5% | 36.4% | 15.8% | 9.9% | 6.5% | 7.3% | 10.4% |
| EPS (Basic) | $1.97 | $1.87 | $4.70 | $2.42 | $1.39 | $0.77 | $0.85 | $1.35 |
| EPS (Diluted) | $1.94 | $1.85 | $4.66 | $2.39 | $1.37 | $0.76 | $0.84 | $1.32 |
| Shares Outstanding (Basic) | 112.0M | 111.2M | 110.3M | 109.3M | 108.3M | 107.3M | 106.3M | 100.4M |
| Shares Outstanding (Diluted) | 113.6M | 112.3M | 111.2M | 110.8M | 109.8M | 108.5M | 107.4M | 102.5M |
| Dividends Per Share | — | — | — | — | — | — | — | — |