Stock pay outran buybacks. Stock-based pay expense $536M vs $200M spent repurchasing shares over the 3 fiscal years to 2025. Shares outstanding changed +1.5% from December 2022 to December 2025.
Over three fiscal years GLOBALFOUNDRIES recorded $536M of stock-based pay expense and spent $200M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years GLOBALFOUNDRIES recorded $536M of stock-based pay expense and spent $200M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.
Earnings turned from a loss to a profit. Profit per share this year after a loss last year.
GLOBALFOUNDRIES made a profit per share in its latest year after a loss the year before.
Financials may be out of date. Latest financial period ended 10 months ago.
The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.
Profit is backed by cash. Free cash flow is 114% of reported profit.
GLOBALFOUNDRIES's free cash flow is 114% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.
Since last quarter: No major changeValuation also moves with the share price every day.
Why it changed since the Oct 27, 2026 close: Score 69 → 70
Share price -8.2%+3
Peer companies moved-2
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about GLOBALFOUNDRIES
Is GLOBALFOUNDRIES getting weaker?
Its latest SEC filing (Feb 27, 2026) got stronger: turned profitable over the last 12 months; operating margin rose 14.1 points to 11.7%. Its overall score is unchanged at 60/100 since Oct 28, 2026.
How is GLOBALFOUNDRIES valued vs its peers?
Priced lower than most peers relative to what it earns. Valuation scores 70/100 against 1,711 technology peers.EBITDA yield 8.5% vs a peer median of 4.2% (stronger than 76% of peers).EBITDA yield 8.5% vs peers 4.2% (stronger than 76% of peers).
Is GLOBALFOUNDRIES growing?
Yes, faster than most of its peers. Growth scores 66/100 against 1,711 technology peers.3-year revenue growth -5.7% vs a peer median of 4.8% (weaker than 82% of peers).3-year revenue growth -5.7% vs peers 4.8% (weaker than 82% of peers).
How profitable is GLOBALFOUNDRIES?
About as profitable as its peers. Profitability scores 59/100 against 1,711 technology peers.Operating margin 11.7% vs a peer median of 6.3% (stronger than 69% of peers).Operating margin 11.7% vs peers 6.3% (stronger than 69% of peers).
How risky is GLOBALFOUNDRIES?
Moderate risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings.Current ratio 2.62× vs a peer median of 1.83× (stronger than 70% of peers).Current ratio 2.62× vs peers 1.83× (stronger than 70% of peers).Beta 1.77 vs a peer median of 0.87 (weaker than 89% of peers).Beta 1.77 vs peers 0.87 (weaker than 89% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Dec 31, 2025 · filed Feb 27, 2026 · compared with the quarter ended Sep 30, 2025
Got stronger
Turned profitable over the last 12 months
Operating margin rose 14.1 points to 11.7%
Previous quarter
Latest quarter
Change
Revenue (12 months)
6.8B USD
6.8B USD
0.0%
Net income (12 months)
−44.0M USD
885.0M USD
turned positive
Operating margin
-2.3%
11.7%
+14.1 pts
Free cash flow (12 months)
1.2B USD
1.0B USD
−13.4%
Debt
1.2B USD
1.2B USD
−1.7%
Cash
2.0B USD
1.8B USD
−10.3%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Industry: Semiconductors · 41 companies
Valuations in Semiconductors are near the top of their range since 2016.
94% of months since 2016 were valued lower than now.
73% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +53% and earnings −2% (medians): prices rose faster than earnings.
Median price-to-sales is +324% vs the whole market, against a usual +98%.
2016Shaded: most expensive fifth of its range2026
GLOBALFOUNDRIES looks cheaper than most of its peers on our valuation measures, while the Semiconductors industry as a whole is valued high by its own standards since 2016. Both can be true at once.
Describes valuations since 2016; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, EBITDA, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY 2021
FY 2022
FY 2023
FY 2024
FY 2025
Change
Gross margin
15.4%
27.6%
28.4%
24.5%
24.9%
▲ 0.4 pts
Operating margin
-0.9%
14.4%
15.3%
-3.2%
11.7%
▲ 15 pts
Net margin
-3.8%
17.9%
13.8%
-3.9%
13.0%
▲ 17 pts
Return on assets (ROA)
-1.7%
8.1%
5.7%
-1.6%
5.2%
▲ 6.7 pts
Return on equity (ROE)
-3.1%
14.6%
9.2%
-2.5%
7.4%
▲ 9.9 pts
Free cash flow margin
16.3%
-5.4%
4.3%
16.3%
14.9%
▼ 1.4 pts
Current ratio
1.67×
1.73×
2.04×
2.11×
2.62×
▲ 24%
Quick ratio
1.32×
1.33×
1.56×
1.57×
1.95×
▲ 24%
Debt to equity
0.25×
0.25×
0.21×
0.17×
0.10×
▼ 42%
Interest coverage
-0.53×
10.51×
8.24×
-1.48×
8.57×
▲ 681%
GFS price history
Price history is added with the daily price update and will appear after the next one.