Comprehensive Stock Comparison
Compare Qorvo, Inc. (QRVO) vs Taiwan Semiconductor Manufacturing Company Limited (TSM) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
Selected Stocks
Add up to 10 tickers. Use presets or search to get started.
Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | TSM | 33.0% revenue growth vs QRVO's -1.3% |
| Value | TSM | Lower P/E (0.8x vs 12.7x) |
| Quality / Margins | TSM | 45.1% net margin vs QRVO's 9.1% |
| Stability / Safety | TSM | Beta 1.44 vs QRVO's 1.80, lower leverage |
| Dividends | TSM | 0.8% yield; 5-year raise streak; QRVO pays no meaningful dividend |
| Momentum (1Y) | TSM | +108.8% vs QRVO's +14.0% |
| Efficiency (ROA) | TSM | 21.8% ROA vs QRVO's 5.5%, ROIC 42.7% vs 1.7% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Qorvo is a semiconductor company that designs and manufactures radio frequency (RF) solutions and power management chips for wireless communications. It generates revenue primarily from mobile products (~70% of sales) for smartphones and consumer devices, plus infrastructure and defense products (~30%) for base stations, aerospace, and industrial applications. The company's competitive advantage lies in its specialized RF expertise—particularly in gallium nitride (GaN) and gallium arsenide (GaAs) technologies—and its integrated solutions that combine multiple components into single modules.
Taiwan Semiconductor Manufacturing Company is the world's largest dedicated semiconductor foundry, manufacturing advanced chips for technology companies that design but don't produce their own silicon. It generates revenue primarily from wafer fabrication services — with high-performance computing and smartphone chips driving over 80% of sales — supplemented by packaging, testing, and mask-making services. Its competitive moat stems from unmatched manufacturing scale, technological leadership in advanced process nodes, and deep customer relationships that create switching costs for chip designers.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
TSM leads in 4 of 6 categories (Financial Metrics, Profitability & Efficiency). QRVO leads in 1 (Valuation Metrics).
Financial Metrics (TTM)
TSM is the larger business by revenue, generating $3.82T annually — 1021.2x QRVO's $3.7B. TSM is the more profitable business, keeping 45.1% of every revenue dollar as net income compared to QRVO's 9.1%. On growth, TSM holds the edge at +21.6% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | QRVOQorvo, Inc. | TSMTaiwan Semiconduc… |
|---|---|---|
| RevenueTrailing 12 months | $3.7B | $3.82T |
| EBITDAEarnings before interest/tax | $675M | $2.79T |
| Net IncomeAfter-tax profit | $341M | $1.72T |
| Free Cash FlowCash after capex | $595M | $1.02T |
| Gross MarginGross profit ÷ Revenue | +44.4% | +59.9% |
| Operating MarginEBIT ÷ Revenue | +10.9% | +50.8% |
| Net MarginNet income ÷ Revenue | +9.1% | +45.1% |
| FCF MarginFCF ÷ Revenue | +15.9% | +26.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | +8.4% | +21.6% |
| EPS Growth (YoY)Latest quarter vs prior year | +3.1% | +42.0% |
Valuation Metrics
At 35.1x trailing earnings, TSM trades at a 75% valuation discount to QRVO's 142.9x P/E. On an enterprise value basis, QRVO's 20.9x EV/EBITDA is more attractive than TSM's 22.3x.
| Metric | QRVOQorvo, Inc. | TSMTaiwan Semiconduc… |
|---|---|---|
| Market CapShares × price | $7.7B | $1.94T |
| Enterprise ValueMkt cap + debt − cash | $8.2B | $1.89T |
| Trailing P/EPrice ÷ TTM EPS | 142.93x | 35.15x |
| Forward P/EPrice ÷ next-FY EPS est. | 12.74x | 0.84x |
| PEG RatioP/E ÷ EPS growth rate | — | 1.27x |
| EV / EBITDAEnterprise value multiple | 20.92x | 22.35x |
| Price / SalesMarket cap ÷ Revenue | 2.07x | 15.85x |
| Price / BookPrice ÷ Book value/share | 2.33x | 11.20x |
| Price / FCFMarket cap ÷ FCF | 15.85x | 55.58x |
Profitability & Efficiency
TSM delivers a 31.6% return on equity — every $100 of shareholder capital generates $32 in annual profit, vs $9 for QRVO. TSM carries lower financial leverage with a 0.18x debt-to-equity ratio, signaling a more conservative balance sheet compared to QRVO's 0.46x. On the Piotroski fundamental quality scale (0–9), QRVO scores 9/9 vs TSM's 8/9, reflecting strong financial health.
| Metric | QRVOQorvo, Inc. | TSMTaiwan Semiconduc… |
|---|---|---|
| ROE (TTM)Return on equity | +9.2% | +31.6% |
| ROA (TTM)Return on assets | +5.5% | +21.8% |
| ROICReturn on invested capital | +1.7% | +42.7% |
| ROCEReturn on capital employed | +1.8% | +33.0% |
| Piotroski ScoreFundamental quality 0–9 | 9 | 8 |
| Debt / EquityFinancial leverage | 0.46x | 0.18x |
| Net DebtTotal debt minus cash | $528M | -$1.77T |
| Cash & Equiv.Liquid assets | $1.0B | $2.76T |
| Total DebtShort + long-term debt | $1.5B | $990.4B |
| Interest CoverageEBIT ÷ Interest expense | 6.20x | 315.91x |
Total Returns (with DRIP)
A $10,000 investment in TSM five years ago would be worth $29,677 today (with dividends reinvested), compared to $4,547 for QRVO. Over the past 12 months, TSM leads with a +108.8% total return vs QRVO's +14.0%. The 3-year compound annual growth rate (CAGR) favors TSM at 63.5% vs QRVO's -6.3% — a key indicator of consistent wealth creation.
| Metric | QRVOQorvo, Inc. | TSMTaiwan Semiconduc… |
|---|---|---|
| YTD ReturnYear-to-date | -3.9% | +17.2% |
| 1-Year ReturnPast 12 months | +14.0% | +108.8% |
| 3-Year ReturnCumulative with dividends | -17.8% | +336.8% |
| 5-Year ReturnCumulative with dividends | -54.5% | +196.8% |
| 10-Year ReturnCumulative with dividends | +83.9% | +1552.1% |
| CAGR (3Y)Annualised 3-year return | -6.3% | +63.5% |
Risk & Volatility
TSM is the less volatile stock with a 1.44 beta — it tends to amplify market swings less than QRVO's 1.80 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. TSM currently trades 96.0% from its 52-week high vs QRVO's 78.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | QRVOQorvo, Inc. | TSMTaiwan Semiconduc… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.80x | 1.44x |
| 52-Week HighHighest price in past year | $106.30 | $390.20 |
| 52-Week LowLowest price in past year | $49.46 | $134.25 |
| % of 52W HighCurrent price vs 52-week peak | +78.0% | +96.0% |
| RSI (14)Momentum oscillator 0–100 | 49.5 | 62.8 |
| Avg Volume (50D)Average daily shares traded | 1.1M | 11.1M |
Analyst Outlook
Wall Street rates QRVO as "Hold" and TSM as "Buy". Consensus price targets imply 9.0% upside for QRVO (target: $90) vs 8.9% for TSM (target: $408). TSM is the only dividend payer here at 0.77% yield — a key consideration for income-focused portfolios.
| Metric | QRVOQorvo, Inc. | TSMTaiwan Semiconduc… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $90.38 | $408.00 |
| # AnalystsCovering analysts | 41 | 23 |
| Dividend YieldAnnual dividend ÷ price | — | +0.8% |
| Dividend StreakConsecutive years of raises | — | 5 |
| Dividend / ShareAnnual DPS | — | $90.94 |
| Buyback YieldShare repurchases ÷ mkt cap | +4.6% | 0.0% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Mar 20 | Feb 26 | Change |
|---|---|---|---|
| Qorvo, Inc. (QRVO) | 100 | 79.47 | -20.5% |
| Taiwan Semiconducto… (TSM) | 100 | 609.79 | +509.8% |
Taiwan Semiconducto… (TSM) returned +197% over 5 years vs Qorvo, Inc. (QRVO)'s -55%. A $10,000 investment in TSM 5 years ago would be worth $29,677 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Qorvo, Inc. (QRVO) | $2.6B | $3.7B | +42.4% |
| Taiwan Semiconducto… (TSM) | $947.9B | $3.8T | +306.0% |
Qorvo, Inc.'s revenue grew from $2.6B (2016) to $3.7B (2025) — a 4.0% CAGR. Taiwan Semiconductor Manufacturing Company Limited's revenue grew from $947.9B (2016) to $3.8T (2025) — a 16.8% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Qorvo, Inc. (QRVO) | -1.1% | 1.5% | +235.3% |
| Taiwan Semiconducto… (TSM) | 35.0% | 45.1% | +28.9% |
Qorvo, Inc.'s net margin went from -1% (2016) to 1% (2025). Taiwan Semiconductor Manufacturing Company Limited's net margin went from 35% (2016) to 45% (2025).
Chart 4P/E Ratio History — 9 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| Qorvo, Inc. (QRVO) | 110.7 | 145.7 | +31.6% |
| Taiwan Semiconducto… (TSM) | 0.6 | 0.9 | +50.0% |
Qorvo, Inc. has traded in a 10x–146x P/E range over 6 years; current trailing P/E is ~143x. Taiwan Semiconductor Manufacturing Company Limited has traded in a 0x–1x P/E range over 9 years; current trailing P/E is ~35x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Qorvo, Inc. (QRVO) | -0.2 | 0.58 | +390.0% |
| Taiwan Semiconducto… (TSM) | 63.95 | 334.65 | +423.3% |
Qorvo, Inc.'s EPS grew from $-0.20 (2016) to $0.58 (2025). Taiwan Semiconductor Manufacturing Company Limited's EPS grew from $63.95 (2016) to $334.65 (2025) — a 20% CAGR.
Chart 6Free Cash Flow — 5 Years
Qorvo, Inc. generated $485M FCF in 2025 (-57% vs 2021). Taiwan Semiconductor Manufacturing Company Limited generated $1.1T FCF in 2025 (+318% vs 2021).
QRVO vs TSM: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is QRVO or TSM a better buy right now?
Taiwan Semiconductor Manufacturing Company Limited (TSM) offers the better valuation at 35.1x trailing P/E (0.8x forward), making it the more compelling value choice. Analysts rate Taiwan Semiconductor Manufacturing Company Limited (TSM) a "Buy" — based on 23 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — QRVO or TSM?
On trailing P/E, Taiwan Semiconductor Manufacturing Company Limited (TSM) is the cheapest at 35.1x versus Qorvo, Inc. at 142.9x. On forward P/E, Taiwan Semiconductor Manufacturing Company Limited is actually cheaper at 0.8x.
03Which is the better long-term investment — QRVO or TSM?
Over the past 5 years, Taiwan Semiconductor Manufacturing Company Limited (TSM) delivered a total return of +196.8%, compared to -54.5% for Qorvo, Inc. (QRVO). A $10,000 investment in TSM five years ago would be worth approximately $30K today (assuming dividends reinvested). Over 10 years, the gap is even starker: TSM returned +1552% versus QRVO's +83.9%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — QRVO or TSM?
By beta (market sensitivity over 5 years), Taiwan Semiconductor Manufacturing Company Limited (TSM) is the lower-risk stock at 1.44β versus Qorvo, Inc.'s 1.80β — meaning QRVO is approximately 25% more volatile than TSM relative to the S&P 500. On balance sheet safety, Taiwan Semiconductor Manufacturing Company Limited (TSM) carries a lower debt/equity ratio of 18% versus 46% for Qorvo, Inc. — giving it more financial flexibility in a downturn.
05Which has better profit margins — QRVO or TSM?
Taiwan Semiconductor Manufacturing Company Limited (TSM) is the more profitable company, earning 45.1% net margin versus 1.5% for Qorvo, Inc. — meaning it keeps 45.1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TSM leads at 50.8% versus 2.6% for QRVO. At the gross margin level — before operating expenses — TSM leads at 59.9%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is QRVO or TSM more undervalued right now?
On forward earnings alone, Taiwan Semiconductor Manufacturing Company Limited (TSM) trades at 0.8x forward P/E versus 12.7x for Qorvo, Inc. — 11.9x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for QRVO: 9.0% to $90.38.
07Which pays a better dividend — QRVO or TSM?
In this comparison, TSM (0.8% yield) pays a dividend. QRVO does not pay a meaningful dividend and should not be held primarily for income.
08Is QRVO or TSM better for a retirement portfolio?
For long-horizon retirement investors, Taiwan Semiconductor Manufacturing Company Limited (TSM) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (0.8% yield, +1552% 10Y return). Qorvo, Inc. (QRVO) carries a higher beta of 1.80 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (TSM: +1552%, QRVO: +83.9%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between QRVO and TSM?
Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. TSM pays a dividend while QRVO does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
Find Stocks Like These
Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that beat both.