Texas Instruments Incorporated (TXN)

Both companies show negative EBIT growth. Martin Whitman would consider macro or sector-specific headwinds.

Both companies face negative operating income growth. Martin Whitman would suspect broader market or cost hurdles.

Both companies face declining net income. Martin Whitman would suspect external pressures or flawed business models in the space.

Both companies exhibit negative EPS growth. Martin Whitman would consider sector-wide issues or an unsustainable business environment.

Both face negative diluted EPS growth. Martin Whitman would suspect an industry or cyclical slump with heightened share issuance across the board.

Both firms reduce share counts. Martin Whitman would compare buyback intensity relative to free cash flow generation.

Both reduce diluted shares. Martin Whitman would review each firm’s ability to continue repurchases and manage option issuance.

Maintaining or increasing dividends while QCOM cut them. John Neff might see a strong edge in shareholder returns.

Positive OCF growth while QCOM is negative. John Neff would see this as a clear operational advantage vs. the competitor.

Positive FCF growth while QCOM is negative. John Neff would see a strong competitive edge in net cash generation.

5Y revenue/share CAGR above 1.5x QCOM's 7.57%. David Dodd would look for consistent product or market expansions fueling outperformance.

3Y revenue/share CAGR 1.25-1.5x QCOM's 17.03%. Bruce Berkowitz might see better product or regional expansions than the competitor.

Positive long-term OCF/share growth while QCOM is negative. John Neff would see a structural advantage in sustained cash generation.

Positive OCF/share growth while QCOM is negative. John Neff might see a comparative advantage in operational cash viability.

Positive 3Y OCF/share CAGR while QCOM is negative. John Neff might see a big short-term edge in operational efficiency.

Positive 10Y CAGR while QCOM is negative. John Neff might see a substantial advantage in bottom-line trajectory.

Positive 5Y CAGR while QCOM is negative. John Neff might view this as a strong mid-term relative advantage.

Positive short-term CAGR while QCOM is negative. John Neff would see a clear advantage in near-term profit trajectory.

Positive growth while QCOM is negative. John Neff might see a strong advantage in steadily compounding net worth over a decade.

Both show negative equity/share growth mid-term. Martin Whitman suspects cyclical or structural challenges for each company.

Both show negative short-term equity/share CAGR. Martin Whitman suspects an industry slump or unprofitable expansions for both players.

10Y dividend/share CAGR above 1.5x QCOM's 279.63%. David Dodd checks if the firm's robust cash flows justify outpacing the competitor's increases.

5Y dividend/share CAGR above 1.5x QCOM's 75.75%. David Dodd checks if the firm's mid-term cash flows justify a faster dividend growth rate.

3Y dividend/share CAGR above 1.5x QCOM's 29.12%. David Dodd sees a superior short-term capital return strategy if supported by stable earnings.

We show growth while QCOM is shrinking stock. John Neff wonders if the competitor is more disciplined or has weaker demand expectations.

Both reduce assets yoy. Martin Whitman suspects a broader sector retraction or post-boom asset trimming cycle.

Both erode book value/share. Martin Whitman suspects a difficult environment or poor capital deployment for both players.

We have some new debt while QCOM reduces theirs. John Neff sees the competitor as more cautious unless our expansions pay off strongly.

We increase R&D while QCOM cuts. John Neff sees a short-term profit drag but a potential lead in future innovations.