Who Generates Higher Gross Profit? Texas Instruments Incorporated or Intuit Inc.

Texas Instruments vs. Intuit: A Decade of Gross Profit Rivalry

__timestampIntuit Inc.Texas Instruments Incorporated
Wednesday, January 1, 201438380000007427000000
Thursday, January 1, 201534670000007560000000
Friday, January 1, 201639420000008240000000
Sunday, January 1, 201743680000009614000000
Monday, January 1, 2018498700000010277000000
Tuesday, January 1, 201956170000009164000000
Wednesday, January 1, 202063010000009269000000
Friday, January 1, 2021795000000012376000000
Saturday, January 1, 20221032000000013771000000
Sunday, January 1, 20231122500000011019000000
Monday, January 1, 2024128200000009094000000
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A Tale of Two Giants: Texas Instruments vs. Intuit

In the ever-evolving landscape of technology and finance, Texas Instruments Incorporated and Intuit Inc. have emerged as formidable players. Over the past decade, these companies have showcased their prowess in generating substantial gross profits. From 2014 to 2024, Texas Instruments consistently outperformed Intuit, with an average gross profit of approximately $9.8 billion annually, compared to Intuit's $6.8 billion. However, the tides began to shift in 2023, when Intuit's gross profit surged by 12% to surpass Texas Instruments for the first time. This remarkable growth trajectory continued into 2024, with Intuit achieving a gross profit of $12.8 billion, marking a 30% increase from 2020. Meanwhile, Texas Instruments experienced a decline, with its gross profit dropping to $9.1 billion in 2024. This dynamic shift highlights the competitive nature of the industry and the importance of strategic innovation.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025