Which has the lower trailing P/E, AMAT or TXN?

AMAT has the lower trailing P/E: AMAT trades at 36.32 and TXN at 40.30. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, AMAT or TXN?

Over the past five years, AMAT grew revenue faster — AMAT at a 8.81% CAGR versus TXN at 3.02%.

Does AMAT or TXN pay a bigger dividend?

AMAT yields 0.43% and TXN yields 2.17% based on trailing dividends and the latest price.

Is AMAT or TXN more profitable?

TXN runs the higher net margin — AMAT at 30.05% versus TXN at 31.11%.

How have AMAT and TXN total returns compared?

Over the past 10 years, AMAT delivered 33.20% and TXN delivered 17.83% annualized total return. Past performance doesn't predict future results.

Applied Materials, Inc. (AMAT) vs Texas Instruments Incorporated (TXN)

A side-by-side comparison of Applied Materials, Inc. and Texas Instruments Incorporated across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.

AMAT

Applied Materials, Inc.

$334.53B

$421.35TechnologyDelayed quote: Sep 15, 2026, 10:30 AM EDT

TXN

Texas Instruments Incorporated

$242.18B

$265.19TechnologyDelayed quote: Sep 15, 2026, 10:30 AM EDT

Total return — AMAT vs TXN

growth of $100 · dividends reinvested · last 10y

AMAT +1569.6% (+32.5%/yr)TXN +394.3% (+17.3%/yr)AMAT compounded faster over this window

AMAT TXN

AMAT vs TXN: by the numbers

•AMAT is the larger company ($334.53B vs $242.18B market cap).
•AMAT trades at the lower trailing earnings multiple (36.32 vs 40.30 P/E), one valuation lens rather than an overall verdict.
•TXN converts more revenue to profit (31.11% vs 30.05% net margin).
•AMAT grew revenue faster over the past five years (8.81% vs 3.02% CAGR).
•TXN pays the higher dividend yield (2.17% vs 0.43%).

Metrics side by side

Valuation

Metric	AMAT	TXN
P/E ratio	36.32	40.30
Forward P/E	32.88	31.16
P/S ratio	10.85	12.45
P/B ratio	13.05	13.45
EV / EBITDA	33.72	26.70
FCF yield	1.68%	2.21%

Profitability

Metric	AMAT	TXN
Gross margin	49.40%	58.33%
Operating margin	30.50%	37.29%
Net margin	30.05%	31.11%
ROE	36.16%	33.61%
ROIC	23.58%	18.81%

Dividends

Metric	AMAT	TXN
Dividend yield	0.43%	2.17%
Payout ratio	17.07%	86.32%

Growth (annualized)

Metric	AMAT	TXN
Revenue CAGR (5Y)	8.81%	3.02%
EPS CAGR (5Y)	17.13%	-2.07%
FCF CAGR (5Y)	5.66%	-3.76%
Total return CAGR (5Y)	28.29%	9.83%

Frequently asked

Which has the lower trailing P/E, AMAT or TXN?: AMAT has the lower trailing P/E: AMAT trades at 36.32 and TXN at 40.30. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, AMAT or TXN?: Over the past five years, AMAT grew revenue faster — AMAT at a 8.81% CAGR versus TXN at 3.02%.
Does AMAT or TXN pay a bigger dividend?: AMAT yields 0.43% and TXN yields 2.17% based on trailing dividends and the latest price.
Is AMAT or TXN more profitable?: TXN runs the higher net margin — AMAT at 30.05% versus TXN at 31.11%.
How have AMAT and TXN total returns compared?: Over the past 10 years, AMAT delivered 33.20% and TXN delivered 17.83% annualized total return. Past performance doesn't predict future results.

Go deeper

Full AMAT analysis Full TXN analysis Interactive comparison tool

Dig into the metrics

Applied Materials P/E ratio Texas Instruments P/E ratio Applied Materials dividend yield Texas Instruments dividend yield Applied Materials ROE Texas Instruments ROE Applied Materials operating margin Texas Instruments operating margin Applied Materials revenue growth Texas Instruments revenue growth Applied Materials free cash flow Texas Instruments free cash flow

Applied Materials & Texas Instruments appear in these rankings

Highest Dividend Yield Stocks Highest ROE Stocks Highest ROIC Stocks Highest Operating Margin Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 13, 2026.