GFSNasdaqSemiconductors & Related DevicesFiscal year ends December 31
GLOBALFOUNDRIES Inc.
Financials through Q4 FY2025, quarter ended Dec 31, 2025Last filing: 20-F on Feb 27, 2026
$46.11−0.57 (-1.22%)
Close on Oct 19, 2026
- Market cap
- $25.87B
- P/E (TTM)
- 29.0
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2018 to 2025
Gross margin
24.9%+39.6 pts over 5 years
Operating margin
11.7%+45.9 pts over 5 years
Net margin
13.0%+40.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +0.6% | -5.7% | +7.0% | – | |
| Gross profit | +2.4% | -9.0% | – | – | |
| Operating income | – | -11.9% | – | – | |
| Net income | – | -15.1% | – | – | |
| EPS, diluted | – | -15.3% | – | – | |
| Free cash flow | -8.0% | – | +19.6% | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 7.8% | |
| Return on assets | – | – | 5.2% | |
| Current ratio | – | 1.58 | 2.62 | |
| Debt to equity | – | 0.33 | 0.10 | |
| Net debt to EBITDA | – | 1.65× | -0.31× | |
| Interest coverage | – | -10.8× | 8.6× | |
| Inventory turnover | – | – | 3.2× | |
| Capex to revenue | – | 12.2% | 10.6% | |
| Diluted shares | – | 500M | 558M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Globalfoundries generated $11.04B from operations and spent $8.18B on capital expenditure, dividends and share buybacks. 98% of that went back into the business.
Generated
$11.04B
Used
$8.18B
Capital expenditure$7.98B98%Dividends$00%Share buybacks$200.00M2%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin13.0%
×Asset turnover0.40×
×Equity multiplier1.49×
=Return on equity, FY20257.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 13.0% | 0.40× | 1.49× | 7.8% |
| FY2024 | -3.9% | 0.39× | 1.59× | -2.4% |
| FY2023 | 13.8% | 0.41× | 1.71× | 9.7% |
| FY2022 | 17.9% | 0.49× | 1.84× | 16.2% |
| FY2021 | -3.8% | 0.48× | 1.81× | -3.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
8of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$885.00M
- Cash generatingOperating cash flow above zero$1.73B
- Return on assets improvedROA up on the prior year-1.5% → 5.3%
- Earnings backed by cashOperating cash flow above net income$1.73B vs $885.00M
- Less leverageLong-term debt to assets fell6.3% → 6.2%
- Better liquidityCurrent ratio rose2.11 → 2.62
- No dilutionShare count did not rise553M → 558M
- Gross margin improvedGross margin up on the prior year24.46% → 24.89%
- More efficientAsset turnover rose0.37 → 0.40