NASDAQ : GFS
GLOBALFOUNDRIES Inc. — Financial statements
Technology · Semiconductors · United States
Last price 41.645 USD (Nov 2, 2026, 2:32 PM EST) · Market cap 22.85B
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Financial statements
GLOBALFOUNDRIES Inc. (GFS) reported revenue of 6.94B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 6.94B | 6.79B | 6.75B | 7.39B | 8.11B | 6.58B |
| Cost of Revenue | 5.05B | 5.10B | 5.10B | 5.29B | 5.87B | 5.57B |
| Gross Profit | 1.88B | 1.69B | 1.65B | 2.10B | 2.24B | 1.01B |
| Selling, General & Admin | 516.00M | 375.00M | 427.00M | 473.00M | 496.00M | 595.00M |
| Research & Development | 563.00M | 518.00M | 496.00M | 428.00M | 482.00M | 478.00M |
| Operating Expenses | 1.08B | 893.00M | 923.00M | 901.00M | 978.00M | 1.07B |
| Operating Income | 804.00M | 797.00M | 728.00M | 1.20B | 1.26B | -60.00M |
| Interest Expense | -50.00M | -50.00M | -106.00M | -101.00M | -92.00M | -99.00M |
| Interest & Investment Income | 133.00M | 140.00M | 167.00M | 122.00M | 39.00M | 1.00M |
| Currency Exchange Gain (Loss) | -22.00M | |||||
| Other Non Operating Income (Expenses) | -83.00M | -22.00M | -17.00M | -66.00M | -66.00M | -57.00M |
| EBT Excluding Unusual Items | 804.00M | 865.00M | 772.00M | 1.16B | 1.12B | -215.00M |
| Merger & Restructuring Charges | -7.00M | -71.00M | -94.00M | |||
| Gain (Loss) on Sale of Investments | 56.00M | 31.00M | ||||
| Gain (Loss) on Sale of Assets | 47.00M | 24.00M | 506.00M | 39.00M | ||
| Asset Writedown | -935.00M | |||||
| Other Unusual Items | -31.00M | -9.00M | ||||
| Pretax Income | 876.00M | 911.00M | -170.00M | 1.08B | 1.53B | -176.00M |
| Income Tax Expense | 156.00M | 23.00M | 92.00M | 66.00M | 86.00M | 78.00M |
| Earnings From Continuing Operations | 720.00M | 888.00M | -262.00M | 1.02B | 1.45B | -254.00M |
| Net Income to Company | 720.00M | 888.00M | -262.00M | 1.02B | 1.45B | -254.00M |
| Minority Interest in Earnings | -4.00M | -3.00M | -3.00M | 2.00M | 2.00M | 4.00M |
| Net Income | 716.00M | 885.00M | -265.00M | 1.02B | 1.45B | -250.00M |
| Net Income to Common | 716.00M | 885.00M | -265.00M | 1.02B | 1.45B | -250.00M |
| Shares Outstanding (Basic) | 554.00M | 555.00M | 553.00M | 552.00M | 539.00M | 506.00M |
| Shares Outstanding (Diluted) | 558.50M | 558.00M | 553.00M | 556.00M | 552.00M | 506.00M |
| EPS (Basic) | 1.29 | 1.59 | -0.48 | 1.85 | 2.69 | -0.49 |
| EPS (Diluted) | 1.28 | 1.59 | -0.48 | 1.83 | 2.62 | -0.49 |
| Free Cash Flow | 796.00M | 1.01B | 1.10B | 321.00M | -435.00M | 1.07B |
| Free Cash Flow Per Share | 1.43 | 1.81 | 1.98 | 0.58 | -0.79 | 2.12 |
| Gross Margin | 27.14% | 24.89% | 24.46% | 28.42% | 27.62% | 15.38% |
| Operating Margin | 11.59% | 11.74% | 10.79% | 16.23% | 15.55% | -0.91% |
| Profit Margin | 10.32% | 13.03% | -3.93% | 13.80% | 17.86% | -3.80% |
| Free Cash Flow Margin | 11.47% | 14.86% | 16.25% | 4.34% | -5.37% | 16.28% |
| EBITDA | 1.98B | 2.05B | 2.22B | 2.65B | 2.80B | 1.48B |
| EBITDA Margin | 28.55% | 30.16% | 32.90% | 35.86% | 34.56% | 22.43% |
| D&A For EBITDA | 1.18B | 1.25B | 1.49B | 1.45B | 1.54B | 1.54B |
| EBIT | 804.00M | 797.00M | 728.00M | 1.20B | 1.26B | -60.00M |
| EBIT Margin | 11.59% | 11.74% | 10.79% | 16.23% | 15.55% | -0.91% |
| Effective Tax Rate | 17.81% | 2.53% | 6.09% | 5.61% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.09B | 1.81B | 2.19B | 2.39B | 2.35B | 2.94B |
| Short-Term Investments | 1.27B | 1.24B | 1.19B | 1.03B | 622.00M | |
| Trading Asset Securities | 22.00M | |||||
| Cash & Short-Term Investments | 2.36B | 3.05B | 3.39B | 3.44B | 2.97B | 2.94B |
| Accounts Receivable | 876.00M | 1.58B | 1.41B | 1.03B | 848.00M | 915.00M |
| Other Receivables | 582.00M | 333.00M | 560.00M | 293.00M | ||
| Receivables | 1.46B | 1.58B | 1.41B | 1.37B | 1.41B | 1.21B |
| Inventory | 1.62B | 1.58B | 1.62B | 1.49B | 1.34B | 1.12B |
| Other Current Assets | 31.00M | 30.00M | 79.00M | 23.00M | ||
| Total Current Assets | 5.47B | 6.21B | 6.42B | 6.33B | 5.80B | 5.29B |
| Property, Plant & Equipment | 7.68B | 7.79B | 8.26B | 10.16B | 10.60B | 8.71B |
| Long-Term Investments | 1.18B | 1.15B | 915.00M | 547.00M | 416.00M | |
| Goodwill | 407.00M | 75.00M | 18.00M | 18.00M | 18.00M | |
| Other Intangible Assets | 1.86B | 961.00M | 585.00M | 373.00M | 345.00M | 359.00M |
| Long-Term Accounts Receivable | 12.00M | 18.00M | ||||
| Long-Term Deferred Tax Assets | 200.00M | 231.00M | 188.00M | 241.00M | 292.00M | 353.00M |
| Other Long-Term Assets | 496.00M | 379.00M | 360.00M | 374.00M | 374.00M | 294.00M |
| Total Assets | 16.89B | 17.14B | 16.80B | 18.04B | 17.84B | 15.03B |
| Accounts Payable | 420.00M | 491.00M | 406.00M | 511.00M | 532.00M | 551.00M |
| Accrued Expenses | 518.00M | 452.00M | 522.00M | 496.00M | 573.00M | 603.00M |
| Current Portion of Long-Term Debt | 98.00M | 86.00M | 753.00M | 574.00M | 223.00M | 297.00M |
| Current Portion of Leases | 61.00M | 69.00M | 90.00M | 32.00M | 75.00M | 135.00M |
| Current Unearned Revenue | 485.00M | 790.00M | 968.00M | 1.01B | 775.00M | 680.00M |
| Other Current Liabilities | 627.00M | 480.00M | 305.00M | 476.00M | 1.18B | 897.00M |
| Total Current Liabilities | 2.21B | 2.37B | 3.04B | 3.10B | 3.36B | 3.16B |
| Long-Term Debt | 1.02B | 1.06B | 1.05B | 1.80B | 2.29B | 1.72B |
| Long-Term Leases | 495.00M | 487.00M | 424.00M | 350.00M | 270.00M | 291.00M |
| Long-Term Unearned Revenue | 658.00M | 714.00M | 979.00M | 1.35B | 1.62B | 1.51B |
| Long-Term Deferred Tax Liabilities | 116.00M | 25.00M | 6.00M | 26.00M | 2.00M | |
| Other Long-Term Liabilities | 628.00M | 408.00M | 449.00M | 282.00M | 315.00M | 300.00M |
| Total Liabilities | 5.01B | 5.16B | 5.97B | 6.89B | 7.88B | 7.00B |
| Common Stock | 11.00M | 11.00M | 11.00M | 11.00M | 11.00M | 11.00M |
| Additional Paid-In Capital | 23.93B | 24.22B | 24.01B | 24.03B | 23.83B | 23.49B |
| Retained Earnings | -12.18B | -12.38B | -13.27B | -13.00B | -14.02B | -15.47B |
| Comprehensive Income & Other | 59.00M | 78.00M | 17.00M | 67.00M | 92.00M | -54.00M |
| Total Common Equity | 11.82B | 11.93B | 10.78B | 11.10B | 9.91B | 7.97B |
| Minority Interest | 56.00M | 55.00M | 48.00M | 47.00M | 47.00M | 58.00M |
| Shareholders' Equity | 11.87B | 11.98B | 10.82B | 11.15B | 9.96B | 8.03B |
| Total Liabilities & Equity | 16.89B | 17.14B | 16.80B | 18.04B | 17.84B | 15.03B |
| Total Debt | 1.68B | 1.71B | 2.32B | 2.76B | 2.86B | 2.45B |
| Net Cash (Debt) | 1.62B | 2.28B | 1.90B | 1.15B | 487.00M | 492.00M |
| Net Cash Per Share | 2.91 | 4.09 | 3.44 | 2.07 | 0.88 | 0.97 |
| Filing Date Shares Outstanding | 548.75M | 555.89M | 552.91M | 553.55M | 547.75M | 531.85M |
| Total Common Shares Outstanding | 548.75M | 555.89M | 552.91M | 553.55M | 547.75M | 531.85M |
| Working Capital | 3.26B | 3.84B | 3.37B | 3.23B | 2.44B | 2.13B |
| Book Value Per Share | 21.54 | 21.46 | 19.49 | 20.06 | 18.10 | 14.99 |
| Tangible Book Value | 9.96B | 10.56B | 10.12B | 10.71B | 9.55B | 7.60B |
| Tangible Book Value Per Share | 18.14 | 19.00 | 18.30 | 19.35 | 17.43 | 14.29 |
| Land | 92.00M | 92.00M | 91.00M | 92.00M | 122.00M | 130.00M |
| Buildings | 7.83B | 7.80B | 7.77B | 7.63B | 7.87B | 7.58B |
| Machinery | 24.89B | 24.85B | 25.71B | 24.73B | 23.01B | 22.79B |
| Construction In Progress | 680.00M | 480.00M | 214.00M | 1.51B | 3.38B | 1.42B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 716.00M | 885.00M | -265.00M | 1.02B | 1.45B | -250.00M |
| Depreciation & Amortization | 1.23B | 1.30B | 1.56B | 1.45B | 1.62B | 1.62B |
| Other Amortization | 13.00M | 13.00M | 3.00M | |||
| Loss (Gain) From Sale of Assets | -69.00M | -126.00M | -52.00M | -19.00M | -506.00M | -39.00M |
| Asset Writedown & Restructuring Costs | 935.00M | |||||
| Stock-Based Compensation | 234.00M | 200.00M | 186.00M | 150.00M | 181.00M | 223.00M |
| Other Operating Activities | 159.00M | -4.00M | -31.00M | 30.00M | 44.00M | 57.00M |
| Change in Accounts Receivable | -69.00M | -280.00M | -71.00M | -169.00M | 35.00M | -387.00M |
| Change in Inventory | 125.00M | 81.00M | -137.00M | -148.00M | -261.00M | -202.00M |
| Change in Accounts Payable | -425.00M | -339.00M | -411.00M | -190.00M | 60.00M | 1.82B |
| Operating Cash Flow | 1.92B | 1.73B | 1.72B | 2.12B | 2.62B | 2.84B |
| Capital Expenditures | -1.12B | -722.00M | -625.00M | -1.80B | -3.06B | -1.77B |
| Sale of Property, Plant & Equipment | 111.00M | 170.00M | 56.00M | 24.00M | 41.00M | 324.00M |
| Cash Acquisitions | -1.10B | -682.00M | -69.00M | |||
| Divestitures | 236.00M | |||||
| Investment in Securities | -82.00M | -187.00M | -496.00M | -474.00M | -996.00M | |
| Other Investing Activities | 168.00M | 147.00M | 9.00M | 136.00M | -44.00M | -7.00M |
| Investing Cash Flow | -2.03B | -1.27B | -1.12B | -1.88B | -4.06B | -1.45B |
| Long-Term Debt Issued | 20.00M | 31.00M | 46.00M | 971.00M | 617.00M | |
| Long-Term Debt Repaid | -860.00M | -637.00M | -305.00M | -390.00M | -1.53B | |
| Net Debt Issued (Repaid) | -136.00M | -840.00M | -606.00M | -259.00M | 581.00M | -911.00M |
| Issuance of Common Stock | 23.00M | 42.00M | 168.00M | 1.44B | ||
| Repurchase of Common Stock | -417.00M | -200.00M | ||||
| Other Financing Activities | -38.00M | -5.00M | -2.00M | 5.00M | 93.00M | 117.00M |
| Financing Cash Flow | -591.00M | -845.00M | -785.00M | -212.00M | 842.00M | 650.00M |
| Foreign Exchange Rate Adjustments | -2.00M | 5.00M | -7.00M | 4.00M | 5.00M | -8.00M |
| Net Cash Flow | -703.00M | -383.00M | -195.00M | 35.00M | -587.00M | 2.03B |
| Free Cash Flow | 796.00M | 1.01B | 1.10B | 321.00M | -435.00M | 1.07B |
| Free Cash Flow Margin | 11.47% | 14.86% | 16.25% | 4.34% | -5.37% | 16.28% |
| Free Cash Flow Per Share | 1.43 | 1.81 | 1.98 | 0.58 | -0.79 | 2.12 |
| Levered Free Cash Flow | 758.25M | 1.15B | 1.08B | -124.12M | -666.38M | 1.06B |
| Unlevered Free Cash Flow | 789.50M | 1.18B | 1.15B | -61.00M | -608.88M | 1.12B |
| Cash Interest Paid | 60.00M | 59.00M | 118.00M | 121.00M | 96.00M | 101.00M |
| Cash Income Tax Paid | 30.00M | 19.00M | 31.00M | 11.00M | 4.00M | 7.00M |
| Change in Working Capital | -369.00M | -538.00M | -619.00M | -507.00M | -166.00M | 1.23B |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 22.95B | 19.40B | 23.71B | 33.52B | 29.37B | 34.55B |
| Enterprise Value | 21.32B | 16.96B | 22.28B | 32.93B | 28.54B | 36.08B |
| Last Close Price | 41.82 | 34.78 | 42.74 | 60.36 | 53.68 | 64.71 |
| PE Ratio | 32.66 | 21.93 | 32.87 | 20.29 | ||
| Forward PE | 19.29 | 19.89 | 25.88 | 27.27 | 18.88 | 72.27 |
| PS Ratio | 3.31 | 2.86 | 3.51 | 4.54 | 3.62 | 5.25 |
| PB Ratio | 1.94 | 1.62 | 2.19 | 3.01 | 2.95 | 4.30 |
| P/TBV Ratio | 2.30 | 1.84 | 2.34 | 3.13 | 3.08 | 4.55 |
| P/FCF Ratio | 28.83 | 19.23 | 21.62 | 104.44 | 32.23 | |
| P/OCF Ratio | 11.98 | 11.21 | 13.77 | 15.78 | 11.19 | 12.17 |
| PEG Ratio | 0.73 | 1.19 | 7.24 | 57.16 | 0.72 | |
| EV/Sales Ratio | 3.07 | 2.50 | 3.30 | 4.45 | 3.52 | 5.48 |
| EV/EBITDA Ratio | 10.76 | 8.28 | 10.03 | 12.42 | 10.19 | 24.43 |
| EV/EBIT Ratio | 26.52 | 21.28 | 30.60 | 27.44 | 22.64 | |
| EV/FCF Ratio | 26.79 | 16.81 | 20.31 | 102.58 | 33.65 | |
| Debt / Equity Ratio | 0.14 | 0.14 | 0.21 | 0.25 | 0.29 | 0.30 |
| Debt / EBITDA Ratio | 0.82 | 0.81 | 1.01 | 1.04 | 0.99 | 1.57 |
| Debt / FCF Ratio | 2.11 | 1.69 | 2.12 | 8.59 | 2.28 | |
| Net Debt / Equity Ratio | -0.14 | -0.19 | -0.18 | -0.10 | -0.05 | -0.06 |
| Net Debt / EBITDA Ratio | -0.82 | -1.11 | -0.86 | -0.43 | -0.17 | -0.33 |
| Net Debt / FCF Ratio | -2.04 | -2.26 | -1.74 | -3.59 | 1.12 | -0.46 |
| Asset Turnover | 0.41 | 0.40 | 0.39 | 0.41 | 0.49 | 0.48 |
| Inventory Turnover | 3.02 | 3.19 | 3.28 | 3.75 | 4.77 | 5.46 |
| Quick Ratio | 1.73 | 1.95 | 1.57 | 1.55 | 1.30 | 1.31 |
| Current Ratio | 2.48 | 2.62 | 2.11 | 2.04 | 1.73 | 1.67 |
| Return on Equity (ROE) | 6.17% | 7.79% | -2.38% | 9.64% | 16.07% | -3.33% |
| Return on Assets (ROA) | 2.98% | 2.94% | 2.61% | 4.18% | 4.80% | -0.27% |
| Return on Invested Capital (ROIC) | 6.10% | 7.62% | 7.20% | 11.10% | 13.69% | -0.72% |
| Return on Capital Employed (ROCE) | 5.50% | 5.40% | 5.30% | 8.00% | 8.70% | -0.50% |
| Earnings Yield | 3.06% | 4.56% | -1.12% | 3.04% | 4.93% | -0.72% |
| FCF Yield | 3.47% | 5.20% | 4.63% | 0.96% | -1.48% | 3.10% |
| Buyback Yield / Dilution | -1.00% | -0.90% | 0.54% | -0.73% | -9.09% | -1.20% |