United Microelectronics Corporation (UMC) 10-Year Financial Performance & Capital Metrics

UMC •

TechnologySemiconductorsSemiconductor Foundries and Manufacturing Services

AboutUnited Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, Singapore, China, Hong Kong, Japan, the United States, Europe, and internationally. The company provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. It serves fabless design companies and integrated device manufacturers. United Microelectronics Corporation was incorporated in 1980 and is headquartered in Hsinchu City, Taiwan.Show more

Revenue $237.55B +2.3%
EBITDA $103.53B +6.3%
Net Income $41.72B -11.6%
EPS (Diluted) 16.70 -10.7%
Gross Margin 29.01% -10.9%
EBITDA Margin 43.58% +3.9%
Operating Margin 18.5% -16.7%
Net Margin 17.56% -13.6%
ROE 11.19% -15.9%
ROIC 9.71% -23.9%
Debt/Equity 0.21 +7.0%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 20.6%
✓Strong 5Y profit CAGR of 42.1%
✓FCF machine: 22.1% free cash flow margin
✓Momentum leader: RS Rating 85 (top 15%)
✓High quality earnings: Operating CF exceeds net income
✓Healthy dividend yield of 4.4%

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y5.07%

5Y6.08%

3Y-5.19%

TTM1.4%

Profit (Net Income) CAGR

10Y12.15%

5Y12.78%

3Y-22.46%

TTM9.86%

EPS CAGR

10Y12.59%

5Y7.28%

3Y-21.37%

TTM9.86%

ROCE

10Y Avg9.23%

5Y Avg15.47%

3Y Avg11.2%

Latest9.03%

Peer Comparison

Semiconductor Foundries and Manufacturing Services

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TSEMTower Semiconductor Ltd.	14.04B	124.87	64.37	9.05%	14.08%	7.59%		0.06
TSMTaiwan Semiconductor Manufacturing Company Limited	1.94T	374.58	35.15	32.97%	45.11%	31.64%	1.8%	0.18
GFSGLOBALFOUNDRIES Inc.	26.42B	47.55	29.91	0.61%	13.03%	7.39%	3.82%	0.14
UMCUnited Microelectronics Corporation	26.28B	10.44	19.63	2.26%	20.48%	12.88%	6.35%	0.21
SKYTSkyWater Technology, Inc.	1.43B	29.46	12.07	29.18%	26.9%	60.73%		0.03

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Sales/Revenue+	147.87B	149.28B	151.25B	148.2B	176.82B	213.01B	278.71B	222.53B	232.3B	237.55B
Revenue Growth %	2.1%	0.96%	1.32%	-2.02%	19.31%	20.47%	30.84%	-20.15%	4.39%	2.26%
Cost of Goods Sold+	117.49B	122.23B	128.41B	126.89B	137.82B	140.96B	152.94B	144.79B	156.65B	168.65B
COGS % of Revenue	79.46%	81.88%	84.9%	85.62%	77.95%	66.18%	54.88%	65.06%	67.43%	70.99%
Gross Profit+	30.38B	27.06B	22.84B	21.31B	39B	72.05B	125.76B	77.74B	75.65B	68.91B
Gross Margin %	20.54%	18.12%	15.1%	14.38%	22.05%	33.82%	45.12%	34.94%	32.57%	29.01%
Gross Profit Growth %	-4.37%	-10.93%	-15.59%	-6.68%	82.96%	84.76%	74.55%	-38.18%	-2.69%	-8.92%
Operating Expenses+	24.19B	20.39B	17.16B	16.43B	17.07B	20.36B	21.47B	19.85B	24.04B	24.96B
OpEx % of Revenue	16.36%	13.66%	11.35%	11.09%	9.65%	9.56%	7.7%	8.92%	10.35%	10.51%
Selling, General & Admin	10.39B	8.47B	8.73B	9.13B	10.82B	12.66B	13.86B	10.7B	9.82B	9.22B
SG&A % of Revenue	7.03%	5.68%	5.77%	6.16%	6.12%	5.94%	4.97%	4.81%	4.23%	3.88%
Research & Development	13.53B	13.67B	13.03B	11.86B	12.9B	12.93B	12.95B	13.28B	15.62B	17.73B
R&D % of Revenue	9.15%	9.16%	8.61%	8%	7.29%	6.07%	4.65%	5.97%	6.72%	7.46%
Other Operating Expenses	263.13M	-1.75B	-4.59B	-4.56B	-6.65B	-5.23B	-5.34B	-4.13B	-1.39B	-1.99B
Operating Income+	6.19B	6.57B	5.68B	4.88B	21.93B	51.69B	104.29B	57.89B	51.61B	43.95B
Operating Margin %	4.19%	4.4%	3.76%	3.3%	12.4%	24.26%	37.42%	26.01%	22.22%	18.5%
Operating Income Growth %	-42.84%	6.05%	-13.53%	-14.02%	349.08%	135.67%	101.78%	-44.49%	-10.84%	-14.85%
EBITDA+	58.08B	59.53B	57.56B	54.27B	70.84B	98.76B	148.2B	98.37B	97.43B	103.53B
EBITDA Margin %	39.28%	39.87%	38.05%	36.62%	40.06%	46.36%	53.17%	44.21%	41.94%	43.58%
EBITDA Growth %	3.15%	2.49%	-3.31%	-5.7%	30.52%	39.42%	50.05%	-33.62%	-0.97%	6.27%
D&A (Non-Cash Add-back)	51.89B	52.96B	51.88B	49.39B	48.91B	47.07B	43.9B	40.48B	45.81B	59.58B
EBIT	6.45B	10.02B	5.7B	7.74B	24.55B	60.36B	109.82B	65.57B	51.54B	49.92B
Net Interest Income+	-1.25B	-2.41B	-2.06B	-1.94B	-1.27B	-1.29B	237M	3.38B	1.99B	0
Interest Income	0	0	706.45M	994.06M	737.91M	575.72M	2.02B	4.85B	3.67B	0
Interest Expense	1.25B	2.41B	2.77B	2.93B	2B	1.87B	1.79B	1.47B	1.68B	0
Other Income/Expense	-1.47B	1.1B	-3.56B	-76.95M	611.52M	6.81B	4.9B	10.56B	4.61B	5.7B
Pretax Income+	4.72B	7.67B	2.12B	4.81B	22.54B	58.5B	109.2B	68.45B	56.22B	49.65B
Pretax Margin %	3.19%	5.14%	1.4%	3.24%	12.75%	27.46%	39.18%	30.76%	24.2%	20.9%
Income Tax+	552.52M	992.48M	-1.13B	230.35M	1.69B	7.92B	19.33B	8.31B	9.11B	8.11B
Effective Tax Rate %	182.61%	125.51%	362.51%	169.66%	101.41%	87.61%	81.94%	87.2%	83.98%	84.03%
Net Income+	8.62B	9.63B	7.68B	8.16B	22.86B	51.25B	89.48B	59.69B	47.21B	41.72B
Net Margin %	5.83%	6.45%	5.08%	5.5%	12.93%	24.06%	32.11%	26.82%	20.32%	17.56%
Net Income Growth %	-34.95%	11.69%	-20.26%	6.22%	180.32%	124.17%	74.61%	-33.29%	-20.91%	-11.64%
Net Income (Continuing)	4.17B	6.68B	3.25B	4.58B	20.85B	50.58B	89.87B	60.14B	47.11B	41.53B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	2.16B	956.81M	466.77M	410.06M	113.36M	223.18M	343.68M	340.86M	256.61M	87M
EPS (Diluted)+	3.35	3.70	3.00	3.25	11.75	22.40	34.35	24.15	18.70	16.70
EPS Growth %	-34.31%	10.45%	-18.92%	8.33%	261.54%	90.64%	53.35%	-29.69%	-22.57%	-10.7%
EPS (Basic)	3.55	4.05	2.90	3.55	12.10	22.85	35.45	24.15	19.00	16.70
Diluted Shares Outstanding	2.67B	2.65B	2.65B	2.63B	2.49B	2.49B	2.54B	2.52B	2.53B	2.5B
Basic Shares Outstanding	2.42B	2.4B	2.56B	2.36B	2.41B	2.44B	2.46B	2.53B	2.52B	2.5B
Dividend Payout Ratio	80.11%	63.39%	111.46%	84.75%	42.72%	38.78%	41.85%	75.42%	79.61%	86.25%

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Current Assets+	110.47B	139.28B	141.19B	153.76B	164.31B	233.27B	252.37B	216.8B	189.68B	204.78B
Cash & Short-Term Investments	58.29B	82.39B	84.19B	98.57B	109.57B	170.9B	178.6B	144.88B	115.24B	110.66B
Cash Only	57.58B	81.67B	83.66B	95.49B	94.05B	132.62B	173.82B	132.55B	105B	110.66B
Short-Term Investments	714.17M	716.92M	528.45M	3.08B	15.52B	38.28B	4.78B	12.33B	10.24B	0
Accounts Receivable	24B	22.66B	24.7B	26.02B	29.24B	36.37B	39.2B	33.16B	35.7B	31.27B
Days Sales Outstanding	59.25	55.4	59.6	64.08	60.35	62.32	51.33	54.39	56.1	48.05
Inventory	17B	18.26B	18.2B	21.71B	22.55B	23.01B	31.07B	35.71B	35.78B	37.23B
Days Inventory Outstanding	52.81	54.52	51.74	62.46	59.73	59.58	74.15	90.03	83.38	80.57
Other Current Assets	323.77M	2.76B	2.88B	1.16B	2.95B	2.99B	3.5B	3.04B	2.95B	25.62B
Total Non-Current Assets+	273.76B	251.85B	223.41B	216.43B	213.21B	217.68B	272.27B	329.78B	370.49B	374.21B
Property, Plant & Equipment	226.16B	206.03B	173.51B	158.88B	141.11B	145.39B	198.03B	250.85B	292.03B	278.87B
Fixed Asset Turnover	0.65x	0.72x	0.87x	0.93x	1.25x	1.47x	1.41x	0.89x	0.80x	0.85x
Goodwill	15.19M	15.19M	15.01M	7.61M	7.61M	7.61M	7.61M	7.61M	7.61M	0
Intangible Assets	4.07B	3.77B	2.98B	5.19B	4.87B	3.64B	4.27B	4.36B	4.15B	0
Long-Term Investments	32.3B	30.89B	31.09B	41.34B	56.58B	59B	56.27B	61.63B	62.44B	75.16B
Other Non-Current Assets	6.19B	5.03B	9.43B	3.2B	3.81B	4.17B	8.47B	7.79B	6.64B	20.18B
Total Assets+	384.23B	391.13B	364.6B	370.19B	377.52B	450.96B	524.65B	546.58B	560.17B	579B
Asset Turnover	0.38x	0.38x	0.41x	0.40x	0.47x	0.47x	0.53x	0.41x	0.41x	0.41x
Asset Growth %	14.57%	1.8%	-6.78%	1.53%	1.98%	19.45%	16.34%	4.18%	2.49%	3.36%
Total Current Liabilities+	72.79B	88.82B	49.9B	72.71B	78.24B	108.25B	112.61B	99.01B	77.4B	88.9B
Accounts Payable	6.85B	6.54B	6.8B	8.88B	7.86B	8.36B	8.98B	7.53B	7.63B	0
Days Payables Outstanding	21.3	19.52	19.33	25.54	20.82	21.66	21.44	18.97	17.79	-
Short-Term Debt	20.55B	25.45B	13.1B	12.02B	38.04B	1.92B	0	13.53B	8.52B	27.6B
Deferred Revenue (Current)	31.43B	22.49B	932.37M	988.12M	2.04B	3.44B	3.55B	3.25B	2.2B	0
Other Current Liabilities	13.95B	34.35B	27B	24.53B	28.7B	57.62B	30.18B	19.03B	18.28B	61.3B
Current Ratio	1.52x	1.57x	2.83x	2.11x	2.10x	2.15x	2.24x	2.19x	2.45x	2.30x
Quick Ratio	1.28x	1.36x	2.46x	1.82x	1.81x	1.94x	1.97x	1.83x	1.99x	1.88x
Cash Conversion Cycle	90.76	90.4	92	101.01	99.26	100.25	104.05	125.45	121.69	-
Total Non-Current Liabilities+	96.49B	92.7B	108.17B	90.26B	63.5B	78.33B	89.23B	100.96B	117.06B	110.25B
Long-Term Debt	60.73B	53.32B	67.08B	47.89B	24.77B	39.83B	39.88B	45.24B	55.53B	45.37B
Capital Lease Obligations	0	0	0	5.46B	5.03B	4.51B	5.2B	4.88B	5.78B	5.38B
Deferred Tax Liabilities	2.4B	2.33B	0	2.09B	1.63B	2.32B	3.56B	5.63B	8.12B	0
Other Non-Current Liabilities	32.87B	36.58B	36.92B	34.34B	31.61B	31.03B	40.15B	44.79B	47.17B	59.5B
Total Liabilities	169.28B	181.51B	158.07B	162.97B	141.74B	186.58B	201.83B	202.86B	194.46B	199.14B
Total Debt+	81.28B	78.76B	80.19B	65.93B	68.39B	46.82B	45.61B	64.16B	70.47B	78.34B
Net Debt	23.7B	-2.91B	-3.47B	-29.56B	-25.66B	-85.8B	-128.2B	-68.39B	-34.53B	-32.31B
Debt / Equity	0.38x	0.38x	0.39x	0.32x	0.29x	0.18x	0.14x	0.19x	0.19x	0.21x
Debt / EBITDA	1.40x	1.32x	1.39x	1.21x	0.97x	0.47x	0.31x	0.65x	0.72x	0.76x
Net Debt / EBITDA	0.41x	-0.05x	-0.06x	-0.54x	-0.36x	-0.87x	-0.87x	-0.70x	-0.35x	-0.31x
Interest Coverage	4.96x	2.73x	2.05x	1.66x	10.94x	27.67x	58.42x	39.28x	30.75x	-
Total Equity+	214.95B	209.62B	206.54B	207.21B	235.77B	264.38B	322.81B	343.72B	365.71B	379.86B
Equity Growth %	-4.41%	-2.48%	-1.47%	0.33%	13.78%	12.13%	22.1%	6.48%	6.4%	3.87%
Book Value per Share	80.50	78.97	77.82	78.66	94.51	106.11	127.09	136.23	144.79	152.12
Total Shareholders' Equity	212.78B	208.66B	206.07B	202.5B	235.66B	264.15B	322.47B	343.38B	365.45B	379.77B
Common Stock	126.24B	126.24B	124.24B	117.24B	124.22B	124.83B	125.05B	125.3B	125.61B	125.88B
Retained Earnings	52.6B	53.06B	61.59B	60.82B	56.62B	83.16B	169.73B	187.25B	184.23B	238.48B
Treasury Stock	-12.89B	-12.9B	-13.83B	-8.41B	-8.42B	-8.19B	-8.62B	-9.8B	-9.8B	0
Accumulated OCI	5.21B	657.96M	-14.51B	-11.02B	11.73B	14.28B	21.17B	33.67B	46.34B	-1M
Minority Interest	2.16B	956.81M	466.77M	410.06M	113.36M	223.18M	343.68M	340.86M	256.61M	87M

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	46.45B	52.47B	50.93B	54.9B	65.75B	90.35B	145.86B	86B	93.87B	100.41B
Operating CF Margin %	31.41%	35.15%	33.68%	37.05%	37.18%	42.42%	52.34%	38.65%	40.41%	42.27%
Operating CF Growth %	-22.64%	12.97%	-2.93%	7.79%	19.75%	37.43%	61.44%	-41.04%	9.15%	6.97%
Net Income	4.85B	7.8B	2.18B	5.74B	27.93B	61.8B	106.1B	60.99B	47.21B	41.72B
Depreciation & Amortization	51.98B	53.1B	52.05B	49.39B	48.91B	47.07B	44.17B	40.48B	48.17B	59.26B
Stock-Based Compensation	0	0	695.67M	366.19M	959.22M	1.75B	1.35B	1.14B	808.85M	0
Deferred Taxes	0	0	1.02B	-3.11B	-12.26B	-13.65B	0	0	0	0
Other Non-Cash Items	-754.59M	-6.43B	-1.91B	-2.29B	-2.73B	-2.53B	-1.46B	-14.51B	26.4M	-298.67M
Working Capital Changes	-9.63B	-2B	-3.11B	4.82B	2.94B	-4.09B	-4.3B	-2.1B	-2.34B	-265.45M
Change in Receivables	-3.69B	1.59B	-1.38B	7.48B	3.01B	-8.54B	-1.12B	6.29B	-3.16B	0
Change in Inventory	517.76M	-1.57B	-46.5M	-1.37B	-1.01B	-871.59M	-7.64B	-4.94B	365.31M	0
Change in Payables	933.16M	-185.91M	257.04M	-739.07M	-944.91M	688.65M	490.95M	-1.34B	0	0
Cash from Investing+	-80.09B	-35.42B	-15.5B	-31.68B	-40.11B	-62.16B	-54.43B	-97.79B	-85.94B	-53.45B
Capital Expenditures	-93.11B	-45.52B	-20.43B	-18.96B	-28.35B	-49.96B	-82.88B	-91.47B	-88.54B	-47.74B
CapEx % of Revenue	62.97%	30.49%	13.51%	12.79%	16.04%	23.45%	29.74%	41.11%	38.12%	20.1%
Acquisitions	-840M	-204.28M	-849.81M	-13.49B	-815.06M	714.36M	674.74M	1.6B	0	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	9.93B	7.2B	6.31B	839.54M	2.26B	2.54B	-446.89M	-3.23B	2.6B	-5.7B
Cash from Financing+	38.8B	9.16B	-33.48B	-9.87B	-25.6B	12.49B	-57.25B	-29.09B	-39.2B	-39.42B
Debt Issued (Net)	32.13B	16.48B	-21.67B	743.5M	-14.29B	18.18B	-34.8B	26.72B	-1.07B	-1.69B
Equity Issued (Net)	-1000K	0	-1000K	-1000K	-1000K	0	0	0	0	0
Dividends Paid	-6.91B	-6.1B	-8.56B	-6.91B	-9.77B	-19.87B	-37.45B	-45.01B	-37.59B	-35.98B
Share Repurchases	-2.4B	0	-6.15B	-2.97B	-1.68B	0	0	0	0	0
Other Financing	15.96B	-1.21B	685.52M	-727.25M	135.2M	14.19B	14.99B	-10.79B	-546.44M	-1.75B
Net Change in Cash	4.29B	24.1B	1.99B	11.83B	-1.44B	38.57B	41.2B	-41.27B	-27.55B	10B
Free Cash Flow+	-46.66B	6.95B	30.51B	35.94B	37.39B	40.39B	62.98B	-8.02B	5.33B	52.4B
FCF Margin %	-31.56%	4.66%	20.17%	24.25%	21.15%	18.96%	22.6%	-3.6%	2.29%	22.06%
FCF Growth %	-2911.42%	114.9%	338.67%	17.82%	4.03%	8.03%	55.91%	-112.74%	166.44%	883.48%
FCF per Share	-17.48	2.62	11.49	13.64	14.99	16.21	24.79	-3.18	2.11	20.99
FCF Conversion (FCF/Net Income)	5.39x	5.45x	6.63x	6.73x	2.88x	1.76x	1.63x	1.44x	1.99x	2.41x
Interest Paid	0	0	0	0	0	0	0	0	1.34B	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	3.92%	4.54%	3.69%	3.94%	10.32%	20.49%	30.48%	17.91%	13.31%	11.19%
Return on Invested Capital (ROIC)	2.01%	2.21%	2.08%	1.92%	8.48%	19.95%	41.92%	18.48%	12.76%	9.71%
Gross Margin	20.54%	18.12%	15.1%	14.38%	22.05%	33.82%	45.12%	34.94%	32.57%	29.01%
Net Margin	5.83%	6.45%	5.08%	5.5%	12.93%	24.06%	32.11%	26.82%	20.32%	17.56%
Debt / Equity	0.38x	0.38x	0.39x	0.32x	0.29x	0.18x	0.14x	0.19x	0.19x	0.21x
Interest Coverage	4.96x	2.73x	2.05x	1.66x	10.94x	27.67x	58.42x	39.28x	30.75x	-
FCF Conversion	5.39x	5.45x	6.63x	6.73x	2.88x	1.76x	1.63x	1.44x	1.99x	2.41x
Revenue Growth	2.1%	0.96%	1.32%	-2.02%	19.31%	20.47%	30.84%	-20.15%	4.39%	2.26%

US Stock Screener

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United Microelectronics Corporation (UMC) 10-Year Financial Performance & Capital Metrics

UMC •

TechnologySemiconductorsSemiconductor Foundries and Manufacturing Services

Revenue $237.55B +2.3%
EBITDA $103.53B +6.3%
Net Income $41.72B -11.6%
EPS (Diluted) 16.70 -10.7%
Gross Margin 29.01% -10.9%
EBITDA Margin 43.58% +3.9%
Operating Margin 18.5% -16.7%
Net Margin 17.56% -13.6%
ROE 11.19% -15.9%
ROIC 9.71% -23.9%
Debt/Equity 0.21 +7.0%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 20.6%
✓Strong 5Y profit CAGR of 42.1%
✓FCF machine: 22.1% free cash flow margin
✓Momentum leader: RS Rating 85 (top 15%)
✓High quality earnings: Operating CF exceeds net income
✓Healthy dividend yield of 4.4%

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y5.07%

5Y6.08%

3Y-5.19%

TTM1.4%

Profit (Net Income) CAGR

10Y12.15%

5Y12.78%

3Y-22.46%

TTM9.86%

EPS CAGR

10Y12.59%

5Y7.28%

3Y-21.37%

TTM9.86%

ROCE

10Y Avg9.23%

5Y Avg15.47%

3Y Avg11.2%

Latest9.03%

Peer Comparison

Semiconductor Foundries and Manufacturing Services

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TSEMTower Semiconductor Ltd.	14.04B	124.87	64.37	9.05%	14.08%	7.59%		0.06
TSMTaiwan Semiconductor Manufacturing Company Limited	1.94T	374.58	35.15	32.97%	45.11%	31.64%	1.8%	0.18
GFSGLOBALFOUNDRIES Inc.	26.42B	47.55	29.91	0.61%	13.03%	7.39%	3.82%	0.14
UMCUnited Microelectronics Corporation	26.28B	10.44	19.63	2.26%	20.48%	12.88%	6.35%	0.21
SKYTSkyWater Technology, Inc.	1.43B	29.46	12.07	29.18%	26.9%	60.73%		0.03

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Sales/Revenue+	147.87B	149.28B	151.25B	148.2B	176.82B	213.01B	278.71B	222.53B	232.3B	237.55B
Revenue Growth %	2.1%	0.96%	1.32%	-2.02%	19.31%	20.47%	30.84%	-20.15%	4.39%	2.26%
Cost of Goods Sold+	117.49B	122.23B	128.41B	126.89B	137.82B	140.96B	152.94B	144.79B	156.65B	168.65B
COGS % of Revenue	79.46%	81.88%	84.9%	85.62%	77.95%	66.18%	54.88%	65.06%	67.43%	70.99%
Gross Profit+	30.38B	27.06B	22.84B	21.31B	39B	72.05B	125.76B	77.74B	75.65B	68.91B
Gross Margin %	20.54%	18.12%	15.1%	14.38%	22.05%	33.82%	45.12%	34.94%	32.57%	29.01%
Gross Profit Growth %	-4.37%	-10.93%	-15.59%	-6.68%	82.96%	84.76%	74.55%	-38.18%	-2.69%	-8.92%
Operating Expenses+	24.19B	20.39B	17.16B	16.43B	17.07B	20.36B	21.47B	19.85B	24.04B	24.96B
OpEx % of Revenue	16.36%	13.66%	11.35%	11.09%	9.65%	9.56%	7.7%	8.92%	10.35%	10.51%
Selling, General & Admin	10.39B	8.47B	8.73B	9.13B	10.82B	12.66B	13.86B	10.7B	9.82B	9.22B
SG&A % of Revenue	7.03%	5.68%	5.77%	6.16%	6.12%	5.94%	4.97%	4.81%	4.23%	3.88%
Research & Development	13.53B	13.67B	13.03B	11.86B	12.9B	12.93B	12.95B	13.28B	15.62B	17.73B
R&D % of Revenue	9.15%	9.16%	8.61%	8%	7.29%	6.07%	4.65%	5.97%	6.72%	7.46%
Other Operating Expenses	263.13M	-1.75B	-4.59B	-4.56B	-6.65B	-5.23B	-5.34B	-4.13B	-1.39B	-1.99B
Operating Income+	6.19B	6.57B	5.68B	4.88B	21.93B	51.69B	104.29B	57.89B	51.61B	43.95B
Operating Margin %	4.19%	4.4%	3.76%	3.3%	12.4%	24.26%	37.42%	26.01%	22.22%	18.5%
Operating Income Growth %	-42.84%	6.05%	-13.53%	-14.02%	349.08%	135.67%	101.78%	-44.49%	-10.84%	-14.85%
EBITDA+	58.08B	59.53B	57.56B	54.27B	70.84B	98.76B	148.2B	98.37B	97.43B	103.53B
EBITDA Margin %	39.28%	39.87%	38.05%	36.62%	40.06%	46.36%	53.17%	44.21%	41.94%	43.58%
EBITDA Growth %	3.15%	2.49%	-3.31%	-5.7%	30.52%	39.42%	50.05%	-33.62%	-0.97%	6.27%
D&A (Non-Cash Add-back)	51.89B	52.96B	51.88B	49.39B	48.91B	47.07B	43.9B	40.48B	45.81B	59.58B
EBIT	6.45B	10.02B	5.7B	7.74B	24.55B	60.36B	109.82B	65.57B	51.54B	49.92B
Net Interest Income+	-1.25B	-2.41B	-2.06B	-1.94B	-1.27B	-1.29B	237M	3.38B	1.99B	0
Interest Income	0	0	706.45M	994.06M	737.91M	575.72M	2.02B	4.85B	3.67B	0
Interest Expense	1.25B	2.41B	2.77B	2.93B	2B	1.87B	1.79B	1.47B	1.68B	0
Other Income/Expense	-1.47B	1.1B	-3.56B	-76.95M	611.52M	6.81B	4.9B	10.56B	4.61B	5.7B
Pretax Income+	4.72B	7.67B	2.12B	4.81B	22.54B	58.5B	109.2B	68.45B	56.22B	49.65B
Pretax Margin %	3.19%	5.14%	1.4%	3.24%	12.75%	27.46%	39.18%	30.76%	24.2%	20.9%
Income Tax+	552.52M	992.48M	-1.13B	230.35M	1.69B	7.92B	19.33B	8.31B	9.11B	8.11B
Effective Tax Rate %	182.61%	125.51%	362.51%	169.66%	101.41%	87.61%	81.94%	87.2%	83.98%	84.03%
Net Income+	8.62B	9.63B	7.68B	8.16B	22.86B	51.25B	89.48B	59.69B	47.21B	41.72B
Net Margin %	5.83%	6.45%	5.08%	5.5%	12.93%	24.06%	32.11%	26.82%	20.32%	17.56%
Net Income Growth %	-34.95%	11.69%	-20.26%	6.22%	180.32%	124.17%	74.61%	-33.29%	-20.91%	-11.64%
Net Income (Continuing)	4.17B	6.68B	3.25B	4.58B	20.85B	50.58B	89.87B	60.14B	47.11B	41.53B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	2.16B	956.81M	466.77M	410.06M	113.36M	223.18M	343.68M	340.86M	256.61M	87M
EPS (Diluted)+	3.35	3.70	3.00	3.25	11.75	22.40	34.35	24.15	18.70	16.70
EPS Growth %	-34.31%	10.45%	-18.92%	8.33%	261.54%	90.64%	53.35%	-29.69%	-22.57%	-10.7%
EPS (Basic)	3.55	4.05	2.90	3.55	12.10	22.85	35.45	24.15	19.00	16.70
Diluted Shares Outstanding	2.67B	2.65B	2.65B	2.63B	2.49B	2.49B	2.54B	2.52B	2.53B	2.5B
Basic Shares Outstanding	2.42B	2.4B	2.56B	2.36B	2.41B	2.44B	2.46B	2.53B	2.52B	2.5B
Dividend Payout Ratio	80.11%	63.39%	111.46%	84.75%	42.72%	38.78%	41.85%	75.42%	79.61%	86.25%

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Current Assets+	110.47B	139.28B	141.19B	153.76B	164.31B	233.27B	252.37B	216.8B	189.68B	204.78B
Cash & Short-Term Investments	58.29B	82.39B	84.19B	98.57B	109.57B	170.9B	178.6B	144.88B	115.24B	110.66B
Cash Only	57.58B	81.67B	83.66B	95.49B	94.05B	132.62B	173.82B	132.55B	105B	110.66B
Short-Term Investments	714.17M	716.92M	528.45M	3.08B	15.52B	38.28B	4.78B	12.33B	10.24B	0
Accounts Receivable	24B	22.66B	24.7B	26.02B	29.24B	36.37B	39.2B	33.16B	35.7B	31.27B
Days Sales Outstanding	59.25	55.4	59.6	64.08	60.35	62.32	51.33	54.39	56.1	48.05
Inventory	17B	18.26B	18.2B	21.71B	22.55B	23.01B	31.07B	35.71B	35.78B	37.23B
Days Inventory Outstanding	52.81	54.52	51.74	62.46	59.73	59.58	74.15	90.03	83.38	80.57
Other Current Assets	323.77M	2.76B	2.88B	1.16B	2.95B	2.99B	3.5B	3.04B	2.95B	25.62B
Total Non-Current Assets+	273.76B	251.85B	223.41B	216.43B	213.21B	217.68B	272.27B	329.78B	370.49B	374.21B
Property, Plant & Equipment	226.16B	206.03B	173.51B	158.88B	141.11B	145.39B	198.03B	250.85B	292.03B	278.87B
Fixed Asset Turnover	0.65x	0.72x	0.87x	0.93x	1.25x	1.47x	1.41x	0.89x	0.80x	0.85x
Goodwill	15.19M	15.19M	15.01M	7.61M	7.61M	7.61M	7.61M	7.61M	7.61M	0
Intangible Assets	4.07B	3.77B	2.98B	5.19B	4.87B	3.64B	4.27B	4.36B	4.15B	0
Long-Term Investments	32.3B	30.89B	31.09B	41.34B	56.58B	59B	56.27B	61.63B	62.44B	75.16B
Other Non-Current Assets	6.19B	5.03B	9.43B	3.2B	3.81B	4.17B	8.47B	7.79B	6.64B	20.18B
Total Assets+	384.23B	391.13B	364.6B	370.19B	377.52B	450.96B	524.65B	546.58B	560.17B	579B
Asset Turnover	0.38x	0.38x	0.41x	0.40x	0.47x	0.47x	0.53x	0.41x	0.41x	0.41x
Asset Growth %	14.57%	1.8%	-6.78%	1.53%	1.98%	19.45%	16.34%	4.18%	2.49%	3.36%
Total Current Liabilities+	72.79B	88.82B	49.9B	72.71B	78.24B	108.25B	112.61B	99.01B	77.4B	88.9B
Accounts Payable	6.85B	6.54B	6.8B	8.88B	7.86B	8.36B	8.98B	7.53B	7.63B	0
Days Payables Outstanding	21.3	19.52	19.33	25.54	20.82	21.66	21.44	18.97	17.79	-
Short-Term Debt	20.55B	25.45B	13.1B	12.02B	38.04B	1.92B	0	13.53B	8.52B	27.6B
Deferred Revenue (Current)	31.43B	22.49B	932.37M	988.12M	2.04B	3.44B	3.55B	3.25B	2.2B	0
Other Current Liabilities	13.95B	34.35B	27B	24.53B	28.7B	57.62B	30.18B	19.03B	18.28B	61.3B
Current Ratio	1.52x	1.57x	2.83x	2.11x	2.10x	2.15x	2.24x	2.19x	2.45x	2.30x
Quick Ratio	1.28x	1.36x	2.46x	1.82x	1.81x	1.94x	1.97x	1.83x	1.99x	1.88x
Cash Conversion Cycle	90.76	90.4	92	101.01	99.26	100.25	104.05	125.45	121.69	-
Total Non-Current Liabilities+	96.49B	92.7B	108.17B	90.26B	63.5B	78.33B	89.23B	100.96B	117.06B	110.25B
Long-Term Debt	60.73B	53.32B	67.08B	47.89B	24.77B	39.83B	39.88B	45.24B	55.53B	45.37B
Capital Lease Obligations	0	0	0	5.46B	5.03B	4.51B	5.2B	4.88B	5.78B	5.38B
Deferred Tax Liabilities	2.4B	2.33B	0	2.09B	1.63B	2.32B	3.56B	5.63B	8.12B	0
Other Non-Current Liabilities	32.87B	36.58B	36.92B	34.34B	31.61B	31.03B	40.15B	44.79B	47.17B	59.5B
Total Liabilities	169.28B	181.51B	158.07B	162.97B	141.74B	186.58B	201.83B	202.86B	194.46B	199.14B
Total Debt+	81.28B	78.76B	80.19B	65.93B	68.39B	46.82B	45.61B	64.16B	70.47B	78.34B
Net Debt	23.7B	-2.91B	-3.47B	-29.56B	-25.66B	-85.8B	-128.2B	-68.39B	-34.53B	-32.31B
Debt / Equity	0.38x	0.38x	0.39x	0.32x	0.29x	0.18x	0.14x	0.19x	0.19x	0.21x
Debt / EBITDA	1.40x	1.32x	1.39x	1.21x	0.97x	0.47x	0.31x	0.65x	0.72x	0.76x
Net Debt / EBITDA	0.41x	-0.05x	-0.06x	-0.54x	-0.36x	-0.87x	-0.87x	-0.70x	-0.35x	-0.31x
Interest Coverage	4.96x	2.73x	2.05x	1.66x	10.94x	27.67x	58.42x	39.28x	30.75x	-
Total Equity+	214.95B	209.62B	206.54B	207.21B	235.77B	264.38B	322.81B	343.72B	365.71B	379.86B
Equity Growth %	-4.41%	-2.48%	-1.47%	0.33%	13.78%	12.13%	22.1%	6.48%	6.4%	3.87%
Book Value per Share	80.50	78.97	77.82	78.66	94.51	106.11	127.09	136.23	144.79	152.12
Total Shareholders' Equity	212.78B	208.66B	206.07B	202.5B	235.66B	264.15B	322.47B	343.38B	365.45B	379.77B
Common Stock	126.24B	126.24B	124.24B	117.24B	124.22B	124.83B	125.05B	125.3B	125.61B	125.88B
Retained Earnings	52.6B	53.06B	61.59B	60.82B	56.62B	83.16B	169.73B	187.25B	184.23B	238.48B
Treasury Stock	-12.89B	-12.9B	-13.83B	-8.41B	-8.42B	-8.19B	-8.62B	-9.8B	-9.8B	0
Accumulated OCI	5.21B	657.96M	-14.51B	-11.02B	11.73B	14.28B	21.17B	33.67B	46.34B	-1M
Minority Interest	2.16B	956.81M	466.77M	410.06M	113.36M	223.18M	343.68M	340.86M	256.61M	87M

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	46.45B	52.47B	50.93B	54.9B	65.75B	90.35B	145.86B	86B	93.87B	100.41B
Operating CF Margin %	31.41%	35.15%	33.68%	37.05%	37.18%	42.42%	52.34%	38.65%	40.41%	42.27%
Operating CF Growth %	-22.64%	12.97%	-2.93%	7.79%	19.75%	37.43%	61.44%	-41.04%	9.15%	6.97%
Net Income	4.85B	7.8B	2.18B	5.74B	27.93B	61.8B	106.1B	60.99B	47.21B	41.72B
Depreciation & Amortization	51.98B	53.1B	52.05B	49.39B	48.91B	47.07B	44.17B	40.48B	48.17B	59.26B
Stock-Based Compensation	0	0	695.67M	366.19M	959.22M	1.75B	1.35B	1.14B	808.85M	0
Deferred Taxes	0	0	1.02B	-3.11B	-12.26B	-13.65B	0	0	0	0
Other Non-Cash Items	-754.59M	-6.43B	-1.91B	-2.29B	-2.73B	-2.53B	-1.46B	-14.51B	26.4M	-298.67M
Working Capital Changes	-9.63B	-2B	-3.11B	4.82B	2.94B	-4.09B	-4.3B	-2.1B	-2.34B	-265.45M
Change in Receivables	-3.69B	1.59B	-1.38B	7.48B	3.01B	-8.54B	-1.12B	6.29B	-3.16B	0
Change in Inventory	517.76M	-1.57B	-46.5M	-1.37B	-1.01B	-871.59M	-7.64B	-4.94B	365.31M	0
Change in Payables	933.16M	-185.91M	257.04M	-739.07M	-944.91M	688.65M	490.95M	-1.34B	0	0
Cash from Investing+	-80.09B	-35.42B	-15.5B	-31.68B	-40.11B	-62.16B	-54.43B	-97.79B	-85.94B	-53.45B
Capital Expenditures	-93.11B	-45.52B	-20.43B	-18.96B	-28.35B	-49.96B	-82.88B	-91.47B	-88.54B	-47.74B
CapEx % of Revenue	62.97%	30.49%	13.51%	12.79%	16.04%	23.45%	29.74%	41.11%	38.12%	20.1%
Acquisitions	-840M	-204.28M	-849.81M	-13.49B	-815.06M	714.36M	674.74M	1.6B	0	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	9.93B	7.2B	6.31B	839.54M	2.26B	2.54B	-446.89M	-3.23B	2.6B	-5.7B
Cash from Financing+	38.8B	9.16B	-33.48B	-9.87B	-25.6B	12.49B	-57.25B	-29.09B	-39.2B	-39.42B
Debt Issued (Net)	32.13B	16.48B	-21.67B	743.5M	-14.29B	18.18B	-34.8B	26.72B	-1.07B	-1.69B
Equity Issued (Net)	-1000K	0	-1000K	-1000K	-1000K	0	0	0	0	0
Dividends Paid	-6.91B	-6.1B	-8.56B	-6.91B	-9.77B	-19.87B	-37.45B	-45.01B	-37.59B	-35.98B
Share Repurchases	-2.4B	0	-6.15B	-2.97B	-1.68B	0	0	0	0	0
Other Financing	15.96B	-1.21B	685.52M	-727.25M	135.2M	14.19B	14.99B	-10.79B	-546.44M	-1.75B
Net Change in Cash	4.29B	24.1B	1.99B	11.83B	-1.44B	38.57B	41.2B	-41.27B	-27.55B	10B
Free Cash Flow+	-46.66B	6.95B	30.51B	35.94B	37.39B	40.39B	62.98B	-8.02B	5.33B	52.4B
FCF Margin %	-31.56%	4.66%	20.17%	24.25%	21.15%	18.96%	22.6%	-3.6%	2.29%	22.06%
FCF Growth %	-2911.42%	114.9%	338.67%	17.82%	4.03%	8.03%	55.91%	-112.74%	166.44%	883.48%
FCF per Share	-17.48	2.62	11.49	13.64	14.99	16.21	24.79	-3.18	2.11	20.99
FCF Conversion (FCF/Net Income)	5.39x	5.45x	6.63x	6.73x	2.88x	1.76x	1.63x	1.44x	1.99x	2.41x
Interest Paid	0	0	0	0	0	0	0	0	1.34B	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	3.92%	4.54%	3.69%	3.94%	10.32%	20.49%	30.48%	17.91%	13.31%	11.19%
Return on Invested Capital (ROIC)	2.01%	2.21%	2.08%	1.92%	8.48%	19.95%	41.92%	18.48%	12.76%	9.71%
Gross Margin	20.54%	18.12%	15.1%	14.38%	22.05%	33.82%	45.12%	34.94%	32.57%	29.01%
Net Margin	5.83%	6.45%	5.08%	5.5%	12.93%	24.06%	32.11%	26.82%	20.32%	17.56%
Debt / Equity	0.38x	0.38x	0.39x	0.32x	0.29x	0.18x	0.14x	0.19x	0.19x	0.21x
Interest Coverage	4.96x	2.73x	2.05x	1.66x	10.94x	27.67x	58.42x	39.28x	30.75x	-
FCF Conversion	5.39x	5.45x	6.63x	6.73x	2.88x	1.76x	1.63x	1.44x	1.99x	2.41x
Revenue Growth	2.1%	0.96%	1.32%	-2.02%	19.31%	20.47%	30.84%	-20.15%	4.39%	2.26%

United Microelectronics Corporation (UMC) 10-Year Financial Performance & Capital Metrics

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United Microelectronics Corporation (UMC) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare UMC vs Peers

vs TSM

vs GFS

Compare Top 5

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios