Taiwan Semiconductor Manufacturing Company Limited(TSM)Earnings, Financials & Key Ratios
TSM•NYSE
$394.41
$2.05T mkt cap·37.1× P/E·Price updated May 6, 2026
SectorTechnologyIndustrySemiconductorsSub-IndustrySemiconductor Foundries and Manufacturing Services
AboutTaiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others. The company also offers customer and engineering support services; manufactures masks; and invests in technology start-up companies; researches, designs, develops, manufactures, packages, tests, and sells color filters; and provides investment services. Its products are used in high performance computing, smartphones, Internet of things, automotive, and digital consumer electronics. The company was incorporated in 1987 and is headquartered in Hsinchu City, Taiwan.Show more
- Revenue$3848.51B+33.0%
- EBITDA$2650.92B+33.6%
- Net Income$1735.68B+49.8%
- EPS (Diluted)334.65+49.8%
- Gross Margin59.89%+6.7%
- EBITDA Margin68.88%+0.4%
- Operating Margin50.82%+11.3%
- Net Margin45.1%+12.7%
- ROE35.7%+19.2%
- ROIC42.67%+32.2%
- Debt/Equity0.18-25.7%
TSM Key Insights
Taiwan Semiconductor Manufacturing Company Limited (TSM) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Excellent 3Y average ROE of 30.8%
- ✓Strong 5Y profit CAGR of 27.7%
- ✓Strong Piotroski F-Score: 8/9
- ✓FCF machine: 28.5% free cash flow margin
- ✓Momentum leader: RS Rating 83 (top 17%)
- ✓High quality earnings: Operating CF exceeds net income
✗Weaknesses
- ✗Expensive at 11.8x book value
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
TSM Price & Volume
Taiwan Semiconductor Manufacturing Company Limited (TSM) stock price & volume — 10-year historical chart
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TSM Growth Metrics
Taiwan Semiconductor Manufacturing Company Limited (TSM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years16.39%
5 Years23.51%
3 Years19.35%
TTM31.95%
Profit CAGR
10 Years19.08%
5 Years27.72%
3 Years20.46%
TTM48.71%
EPS CAGR
10 Years19.07%
5 Years27.71%
3 Years20.46%
TTM48.71%
Return on Capital
10 Years26.38%
5 Years27.77%
3 Years27.02%
Last Year33.04%
TSM Recent Earnings
Taiwan Semiconductor Manufacturing Company Limited (TSM) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
Apr 16, 2026EPS
$3.49
Est $3.31
+5.4%
Revenue
$36.0B
Est $35.4B
+1.8%
Q2 2026
Apr 15, 2026EPS
$3.49
Est $3.31
+5.4%
Revenue
$36.0B
Est $35.4B
+1.8%
Q1 2026
Jan 15, 2026EPS
$3.09
Est $2.90
+6.6%
Revenue
$33.1B
Est $33.0B
+0.4%
Q4 2025
Nov 14, 2025EPS
$2.85
Est $2.63
+8.4%
Revenue
$32.4B
Est $32.1B
+0.9%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 16, 2026 | $3.49vs $3.31+5.4% | $36.0Bvs $35.4B+1.8% |
| Q2 2026 | Apr 15, 2026 | $3.49vs $3.31+5.4% | $36.0Bvs $35.4B+1.8% |
| Q1 2026 | Jan 15, 2026 | $3.09vs $2.90+6.6% | $33.1Bvs $33.0B+0.4% |
| Q4 2025 | Nov 14, 2025 | $2.85vs $2.63+8.4% | $32.4Bvs $32.1B+0.9% |
Based on last 12 quarters of dataView full earnings history →
TSM Peer Comparison
Taiwan Semiconductor Manufacturing Company Limited (TSM) competitors in Semiconductor Foundries and Manufacturing Services — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 INTC | 543.17B | 108.18 | -1836.67 | -0.47% | -5.9% | -2.68% | 0.37 | |
 GFS | 41.2B | 74.04 | 46.57 | 0.61% | 13.03% | 7.64% | 2.45% | 0.14 |
 UMC | 34.95B | 14.01 | 26.43 | 2.26% | 20.82% | 13.5% | 4.76% | 0.16 |
 AMAT | 325.78B | 410.82 | 47.44 | 4.39% | 24.67% | 34.28% | 1.75% | 0.32 |
 LRCX | 344.41B | 275.80 | 66.46 | 23.68% | 30.94% | 65.79% | 1.57% | 0.48 |
 KLAC | 227.69B | 1732.90 | 57.06 | 23.89% | 35.66% | 89.07% | 1.64% | 1.30 |
 TER | 55.91B | 357.10 | 102.61 | 13.13% | 22.55% | 29.72% | 0.81% | 0.12 |
 ONTO | 15.17B | 305.00 | 109.71 | 1.82% | 10.33% | 5.19% | 1.98% | 0.01 |
Compare TSM vs Peers
Taiwan Semiconductor Manufacturing Company Limited (TSM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TSM Income Statement
Taiwan Semiconductor Manufacturing Company Limited (TSM) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 977.44B | 1.03T | 1.07T | 1.34T | 1.59T | 2.26T | 2.16T | 2.89T | 3.85T |
| Revenue Growth % | 3.12% | 5.52% | 3.74% | 25.17% | 18.53% | 42.61% | -4.51% | 33.89% | 32.97% |
| Cost of Goods Sold | 482.62B | 533.49B | 577.28B | 628.12B | 767.88B | 915.54B | 986.63B | 1.27T | 1.54T |
| COGS % of Revenue | 49.38% | 51.73% | 53.95% | 46.9% | 48.37% | 40.44% | 45.64% | 43.88% | 40.11% |
| Gross Profit | 494.83B▲ 0% | 497.87B▲ 0.6% | 492.7B▼ 1.0% | 711.13B▲ 44.3% | 819.54B▲ 15.2% | 1.35T▲ 64.5% | 1.18T▼ 12.8% | 1.62T▲ 38.2% | 2.3T▲ 41.9% |
| Gross Margin % | 50.62% | 48.27% | 46.05% | 53.1% | 51.63% | 59.56% | 54.36% | 56.12% | 59.89% |
| Gross Profit Growth % | 4.21% | 0.62% | -1.04% | 44.33% | 15.24% | 64.53% | -12.85% | 38.23% | 41.9% |
| Operating Expenses | 109.27B | 114.25B | 120B | 144.35B | 169.56B | 227.08B | 253.65B | 302.3B | 349.23B |
| OpEx % of Revenue | 11.18% | 11.08% | 11.22% | 10.78% | 10.68% | 10.03% | 11.73% | 10.44% | 9.07% |
| Selling, General & Admin | 27.17B | 26.25B | 28.09B | 35.57B | 44.49B | 63.45B | 71.46B | 96.89B | 100.25B |
| SG&A % of Revenue | 2.78% | 2.55% | 2.62% | 2.66% | 2.8% | 2.8% | 3.31% | 3.35% | 2.6% |
| Research & Development | 80.73B | 85.9B | 91.42B | 109.49B | 124.73B | 163.26B | 182.37B | 204.18B | 248.98B |
| R&D % of Revenue | 8.26% | 8.33% | 8.54% | 8.18% | 7.86% | 7.21% | 8.44% | 7.05% | 6.47% |
| Other Operating Expenses | 1.37B | 2.1B | 496.3M | -710M | 333.4M | 368.4M | -189M | 1.23B | -1K |
| Operating Income | 385.56B▲ 0% | 383.62B▼ 0.5% | 372.7B▼ 2.8% | 566.78B▲ 52.1% | 649.98B▲ 14.7% | 1.12T▲ 72.5% | 921.47B▼ 17.8% | 1.32T▲ 43.5% | 1.96T▲ 47.9% |
| Operating Margin % | 39.45% | 37.2% | 34.83% | 42.32% | 40.95% | 49.53% | 42.63% | 45.68% | 50.82% |
| Operating Income Growth % | 2.01% | -0.5% | -2.85% | 52.07% | 14.68% | 72.51% | -17.82% | 43.47% | 47.93% |
| EBITDA | 645.7B | 676.17B | 659.59B | 898.51B | 1.07T | 1.56T | 1.45T | 1.98T | 2.65T |
| EBITDA Margin % | 66.06% | 65.56% | 61.64% | 67.09% | 67.55% | 68.84% | 67.24% | 68.58% | 68.88% |
| EBITDA Growth % | 7.3% | 4.72% | -2.45% | 36.22% | 19.35% | 45.33% | -6.73% | 36.54% | 33.56% |
| D&A (Non-Cash Add-back) | 260.14B | 292.55B | 286.88B | 331.72B | 422.39B | 437.25B | 532.19B | 662.8B | 695.22B |
| EBIT | 399.49B | 400.59B | 393.11B | 586.83B | 668.45B | 1.16T | 991.32B | 1.32T | 2.06T |
| Net Interest Income | 6.13B | 11.64B | 12.94B | 6.94B | 294.6M | 10.67B | 48.29B | 76.72B | 94.34B |
| Interest Income | 9.46B | 14.69B | 16.19B | 9.02B | 5.71B | 22.42B | 60.29B | 87.21B | 94.34B |
| Interest Expense | 3.33B | 3.05B | 3.25B | 2.08B | 5.41B | 11.75B | 12B | 10.5B | 0 |
| Other Income/Expense | 10.6B | 13.92B | 17.16B | 17.96B | 13.06B | 22.79B | 57.7B | 83.79B | 107.12B |
| Pretax Income | 396.16B▲ 0% | 397.54B▲ 0.3% | 389.86B▼ 1.9% | 584.75B▲ 50.0% | 663.04B▲ 13.4% | 1.14T▲ 72.6% | 979.17B▼ 14.4% | 1.41T▲ 43.6% | 2.06T▲ 46.7% |
| Pretax Margin % | 40.53% | 38.55% | 36.44% | 43.66% | 41.77% | 50.54% | 45.3% | 48.57% | 53.6% |
| Income Tax | 51.12B | 34.44B | 35.84B | 73.74B | 70.16B | 150.78B | 128.29B | 248.32B | 329.65B |
| Effective Tax Rate % | 12.9% | 8.66% | 9.19% | 12.61% | 10.58% | 13.18% | 13.1% | 17.66% | 15.98% |
| Net Income | 345B▲ 0% | 363.05B▲ 5.2% | 353.95B▼ 2.5% | 510.74B▲ 44.3% | 592.36B▲ 16.0% | 992.92B▲ 67.6% | 851.74B▼ 14.2% | 1.16T▲ 36.0% | 1.74T▲ 49.8% |
| Net Margin % | 35.3% | 35.2% | 33.08% | 38.14% | 37.32% | 43.86% | 39.4% | 40.02% | 45.1% |
| Net Income Growth % | 4% | 5.23% | -2.51% | 44.3% | 15.98% | 67.62% | -14.22% | 36% | 49.84% |
| Net Income (Continuing) | 345.04B | 363.11B | 354.03B | 511.01B | 592.88B | 993.29B | 851.03B | 1.16T | 1.73T |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 699.7M | 676.3M | 681.7M | 952.5M | 2.42B | 14.81B | 24.34B | 35.01B | 41.08B |
| EPS (Diluted) | 66.50▲ 0% | 70.00▲ 5.3% | 68.25▼ 2.5% | 98.50▲ 44.3% | 114.20▲ 15.9% | 191.45▲ 67.6% | 164.25▼ 14.2% | 223.35▲ 36.0% | 334.65▲ 49.8% |
| EPS Growth % | 3.99% | 5.26% | -2.5% | 44.32% | 15.94% | 67.64% | -14.21% | 35.98% | 49.83% |
| EPS (Basic) | 66.50 | 70.00 | 68.25 | 98.50 | 114.20 | 191.45 | 164.25 | 223.40 | 334.60 |
| Diluted Shares Outstanding | 5.19B | 5.19B | 5.19B | 5.19B | 5.19B | 5.19B | 5.19B | 5.19B | 5.19B |
| Basic Shares Outstanding | 5.19B | 5.19B | 5.19B | 5.19B | 5.19B | 5.19B | 5.19B | 5.19B | 5.19B |
| Dividend Payout Ratio | 52.61% | 57.14% | 73.26% | 50.77% | 44.87% | 28.73% | 34.25% | 31.34% | 27.17% |
TSM Balance Sheet
Taiwan Semiconductor Manufacturing Company Limited (TSM) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 857.2B | 951.68B | 822.61B | 1.09T | 1.61T | 2.05T | 2.19T | 3.09T | 3.81T |
| Cash & Short-Term Investments | 656.58B | 713.76B | 594.3B | 799.89B | 1.2T | 1.59T | 1.71T | 2.49T | 3.06T |
| Cash Only | 553.39B | 577.81B | 455.4B | 660.17B | 1.06T | 1.34T | 1.47T | 2.13T | 2.76T |
| Short-Term Investments | 103.19B | 135.94B | 138.9B | 139.72B | 139.92B | 243.69B | 249.38B | 357.52B | 299.89B |
| Accounts Receivable | 122.49B | 129.26B | 139.82B | 146.09B | 198.36B | 231.41B | 202.01B | 272.09B | 281B |
| Days Sales Outstanding | 45.74 | 45.75 | 47.7 | 39.81 | 45.61 | 37.31 | 34.11 | 34.31 | 26.65 |
| Inventory | 73.88B | 103.23B | 82.98B | 137.35B | 193.1B | 221.15B | 251B | 287.87B | 287.3B |
| Days Inventory Outstanding | 55.88 | 70.63 | 52.47 | 79.82 | 91.79 | 88.17 | 92.86 | 82.74 | 67.94 |
| Other Current Assets | 4.26B | 5.43B | 5.51B | 8.85B | 10.69B | 13.84B | 26.22B | 43.25B | 178.13B |
| Total Non-Current Assets | 1.13T | 1.14T | 1.44T | 1.67T | 2.12T | 2.91T | 3.34T | 3.6T | 4.1T |
| Property, Plant & Equipment | 1.06T | 1.07T | 1.37T | 1.58T | 2.01T | 2.74T | 3.1T | 3.28T | 3.68T |
| Fixed Asset Turnover | 0.92x | 0.96x | 0.78x | 0.85x | 0.79x | 0.83x | 0.70x | 0.88x | 1.05x |
| Goodwill | 5.65B | 5.8B | 5.69B | 5.44B | 5.38B | 5.79B | 5.8B | 6.07B | 0 |
| Intangible Assets | 8.53B | 11.21B | 14.96B | 20.33B | 21.44B | 20.21B | 16.97B | 20.21B | 0 |
| Long-Term Investments | 41.44B | 29.21B | 30.09B | 27.62B | 29.18B | 68.61B | 129.27B | 148.87B | 171.88B |
| Other Non-Current Assets | 4.27B | 3.28B | 3.83B | 5.75B | 5.22B | 12.02B | 17.05B | 87.21B | 250.97B |
| Total Assets | 1.99T▲ 0% | 2.09T▲ 4.9% | 2.26T▲ 8.4% | 2.76T▲ 21.9% | 3.73T▲ 34.9% | 4.96T▲ 33.3% | 5.53T▲ 11.4% | 6.69T▲ 21.0% | 7.91T▲ 18.2% |
| Asset Turnover | 0.49x | 0.49x | 0.47x | 0.49x | 0.43x | 0.46x | 0.39x | 0.43x | 0.49x |
| Asset Growth % | 5.59% | 4.94% | 8.36% | 21.9% | 34.95% | 33.26% | 11.44% | 20.96% | 18.22% |
| Total Current Liabilities | 386.89B | 356.84B | 598.36B | 631.9B | 758.35B | 986.56B | 942.81B | 1.31T | 1.45T |
| Accounts Payable | 84.14B | 76.11B | 179.58B | 196.79B | 193.03B | 268.38B | 227.21B | 265.44B | 84.09B |
| Days Payables Outstanding | 63.63 | 52.08 | 113.54 | 114.36 | 91.75 | 107 | 84.06 | 76.29 | 19.88 |
| Short-Term Debt | 122.17B | 123.65B | 150.32B | 91.16B | 119.49B | 19.31B | 9.29B | 59.86B | 136.54B |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 37.42B | 24.18B | 24.63B | 35.78B | 37.22B | 61.87B | 78.17B | 71.34B | 1.23T |
| Current Ratio | 2.22x | 2.67x | 1.37x | 1.73x | 2.12x | 2.08x | 2.33x | 2.36x | 2.62x |
| Quick Ratio | 2.02x | 2.38x | 1.24x | 1.51x | 1.86x | 1.86x | 2.06x | 2.14x | 2.42x |
| Cash Conversion Cycle | 37.98 | 64.3 | -13.38 | 5.28 | 45.65 | 18.48 | 42.91 | 40.76 | 74.7 |
| Total Non-Current Liabilities | 110.4B | 72.09B | 51.97B | 292.94B | 815.27B | 1.06T | 1.14T | 1.1T | 1.01T |
| Long-Term Debt | 91.8B | 56.9B | 25.1B | 256.07B | 613.38B | 839.1B | 918.28B | 958.43B | 853.82B |
| Capital Lease Obligations | 0 | 0 | 15.04B | 20.56B | 20.76B | 29.76B | 28.68B | 28.76B | 0 |
| Deferred Tax Liabilities | 302.2M | 233.3M | 344.4M | 1.73B | 1.87B | 1.03B | 53.8M | 3.99B | 0 |
| Other Non-Current Liabilities | 10.71B | 11.6B | 11.31B | 14.31B | 179.25B | 190.17B | 188.51B | 112.66B | 157.54B |
| Total Liabilities | 497.29B | 428.93B | 650.34B | 924.84B | 1.57T | 2.05T | 2.08T | 2.41T | 2.47T |
| Total Debt | 213.97B | 180.55B | 190.46B | 367.79B | 753.63B | 888.17B | 956.26B | 1.05T | 990.36B |
| Net Debt | -339.42B | -397.26B | -264.94B | -292.38B | -311.36B | -454.64B | -509.17B | -1.08T | -1.77T |
| Debt / Equity | 0.14x | 0.11x | 0.12x | 0.20x | 0.35x | 0.30x | 0.28x | 0.24x | 0.18x |
| Debt / EBITDA | 0.33x | 0.27x | 0.29x | 0.41x | 0.70x | 0.57x | 0.66x | 0.53x | 0.37x |
| Net Debt / EBITDA | -0.53x | -0.59x | -0.40x | -0.33x | -0.29x | -0.29x | -0.35x | -0.54x | -0.67x |
| Interest Coverage | 115.77x | 125.73x | 114.65x | 272.30x | 120.05x | 95.43x | 76.79x | 125.96x | - |
| Total Equity | 1.49T▲ 0% | 1.66T▲ 11.2% | 1.61T▼ 2.8% | 1.84T▲ 13.7% | 2.15T▲ 17.2% | 2.92T▲ 35.6% | 3.45T▲ 18.4% | 4.28T▲ 23.9% | 5.45T▲ 27.3% |
| Equity Growth % | 9.9% | 11.15% | -2.81% | 13.71% | 17.21% | 35.61% | 18.37% | 23.9% | 27.25% |
| Book Value per Share | 288.17 | 320.30 | 311.29 | 353.98 | 414.90 | 562.65 | 666.02 | 825.24 | 1049.98 |
| Total Shareholders' Equity | 1.49T | 1.66T | 1.61T | 1.83T | 2.15T | 2.9T | 3.43T | 4.24T | 5.4T |
| Common Stock | 259.3B | 259.3B | 259.3B | 259.3B | 259.3B | 259.3B | 259.32B | 259.33B | 258.59B |
| Retained Earnings | 1.21T | 1.36T | 1.33T | 1.57T | 1.89T | 2.59T | 3.13T | 3.87T | 4.69T |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 321.82B | -54.68B | 370.45B | 0 | -28.02B | 40.41B | 470.55B |
| Minority Interest | 699.7M | 676.3M | 681.7M | 952.5M | 2.42B | 14.81B | 24.34B | 35.01B | 41.08B |
TSM Cash Flow Statement
Taiwan Semiconductor Manufacturing Company Limited (TSM) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 585.32B | 573.95B | 615.14B | 822.67B | 1.11T | 1.61T | 1.24T | 1.83T | 2.38T |
| Operating CF Margin % | 59.88% | 55.65% | 57.49% | 61.43% | 70.06% | 71.14% | 57.45% | 63.1% | 61.92% |
| Operating CF Growth % | 8.43% | -1.94% | 7.18% | 33.74% | 35.19% | 44.82% | -22.89% | 47.04% | 30.5% |
| Net Income | 396.13B | 397.51B | 389.85B | 584.78B | 663.13B | 1.14T | 838.5B | 1.17T | 1.74T |
| Depreciation & Amortization | 260.14B | 292.55B | 286.88B | 331.72B | 422.39B | 437.25B | 532.19B | 662.8B | 695.22B |
| Stock-Based Compensation | 0 | 0 | 2.82M | 6.6M | 7.8M | 302.4M | 544.38M | 1.65B | 0 |
| Deferred Taxes | 0 | 0 | -59.48B | -58.57B | -105.13B | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -80.94B | -54.44B | -12.94B | -6.94B | -708.78M | -93.66B | -72.41B | -24.88B | 135.89B |
| Working Capital Changes | 9.98B | -61.66B | 10.82B | -28.34B | 132.47B | 122.51B | -56.85B | 13.35B | -183.61B |
| Change in Receivables | 1.06B | -13.27B | -18.12B | -8.08B | 177.06B | -32.17B | 29.4B | -70.08B | 0 |
| Change in Inventory | -25.23B | -29.37B | 20.25B | -54.37B | -55.75B | -28.05B | -29.85B | -36.87B | 0 |
| Change in Payables | 2.57B | 4.54B | 5.86B | 404.61M | 8.3B | 7.59B | 770.71M | 17.07B | 0 |
| Cash from Investing | -336.16B | -314.27B | -458.8B | -505.78B | -836.37B | -1.19T | -906.12B | -864.84B | -1.26T |
| Capital Expenditures | -335.89B | -322.68B | -469.75B | -521.47B | -849.44B | -1.09T | -949.82B | -956.01B | -1.29T |
| CapEx % of Revenue | 34.36% | 31.29% | 43.9% | 38.94% | 53.51% | 48.13% | 43.94% | 33.03% | 33.4% |
| Acquisitions | -4.08M | 7.1B | 9.87B | 4.33B | -160.7M | 17.25B | 11.75B | -3.74B | 805.26M |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 15.98B | 10.79B | 12.3B | 11.32B | 8.56B | 10.29B | 87.72B | 149.05B | 62.08B |
| Cash from Financing | -215.7B | -245.12B | -269.64B | -88.62B | 136.61B | -200.24B | -204.89B | -346.3B | -425.58B |
| Debt Issued (Net) | -38.13B | -58.02B | -6.03B | 172.72B | 397.19B | 82.01B | 93.35B | 29.41B | 41.3B |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | -1000K | 0 | -1000K | 0 |
| Dividends Paid | -181.51B | -207.44B | -259.3B | -259.3B | -265.79B | -285.23B | -291.72B | -363.06B | -471.61B |
| Share Repurchases | 0 | 0 | -4.01M | -7.27M | 0 | -871.57M | 0 | -3.09B | 0 |
| Other Financing | 3.95B | 20.34B | -4.31B | -2.03B | 5.21B | 3.85B | -6.52B | -9.56B | 4.74B |
| Net Change in Cash | 12.14B▲ 0% | 24.42B▲ 101.2% | -122.42B▼ 601.2% | 204.77B▲ 267.3% | 404.82B▲ 97.7% | 277.82B▼ 31.4% | 122.61B▼ 55.9% | 662.2B▲ 440.1% | 726.7B▲ 9.7% |
| Free Cash Flow | 249.43B▲ 0% | 251.27B▲ 0.7% | 145.39B▼ 42.1% | 301.19B▲ 107.2% | 262.72B▼ 12.8% | 520.97B▲ 98.3% | 286.57B▼ 45.0% | 870.17B▲ 203.7% | 1.1T▲ 26.1% |
| FCF Margin % | 25.52% | 24.36% | 13.59% | 22.49% | 16.55% | 23.01% | 13.26% | 30.06% | 28.52% |
| FCF Growth % | 20.65% | 0.74% | -42.14% | 107.17% | -12.77% | 98.3% | -44.99% | 203.65% | 26.13% |
| FCF per Share | 48.10 | 48.45 | 28.03 | 58.08 | 50.66 | 100.46 | 55.26 | 167.81 | 211.64 |
| FCF Conversion (FCF/Net Income) | 1.70x | 1.58x | 1.74x | 1.61x | 1.88x | 1.62x | 1.46x | 1.58x | 1.37x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18.75B | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
TSM Key Ratios
Taiwan Semiconductor Manufacturing Company Limited (TSM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 25.97% | 24.17% | 23.01% | 21.61% | 29.61% | 29.71% | 39.17% | 26.74% | 29.96% | 35.7% |
| Return on Invested Capital (ROIC) | 29% | 26.02% | 23.79% | 21.39% | 29.39% | 28.81% | 39.08% | 25.56% | 32.28% | 42.67% |
| Gross Margin | 50.09% | 50.62% | 48.27% | 46.05% | 53.1% | 51.63% | 59.56% | 54.36% | 56.12% | 59.89% |
| Net Margin | 34.99% | 35.3% | 35.2% | 33.08% | 38.14% | 37.32% | 43.86% | 39.4% | 40.02% | 45.1% |
| Debt / Equity | 0.18x | 0.14x | 0.11x | 0.12x | 0.20x | 0.35x | 0.30x | 0.28x | 0.24x | 0.18x |
| Interest Coverage | 114.32x | 115.77x | 125.73x | 114.65x | 272.30x | 120.05x | 95.43x | 76.79x | 125.96x | - |
| FCF Conversion | 1.63x | 1.70x | 1.58x | 1.74x | 1.61x | 1.88x | 1.62x | 1.46x | 1.58x | 1.37x |
| Revenue Growth | 12.38% | 3.12% | 5.52% | 3.74% | 25.17% | 18.53% | 42.61% | -4.51% | 33.89% | 32.97% |
TSM Frequently Asked Questions
Taiwan Semiconductor Manufacturing Company Limited (TSM) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Taiwan Semiconductor Manufacturing Company Limited (TSM) reported $3.82T in revenue for fiscal year 2025. This represents a 8569% increase from $44.05B in 1997.
Taiwan Semiconductor Manufacturing Company Limited (TSM) grew revenue by 33.0% over the past year. This is strong growth.
Yes, Taiwan Semiconductor Manufacturing Company Limited (TSM) is profitable, generating $1.72T in net income for fiscal year 2025 (45.1% net margin).
Dividend & Returns
Yes, Taiwan Semiconductor Manufacturing Company Limited (TSM) pays a dividend with a yield of 0.73%. This makes it attractive for income-focused investors.
Taiwan Semiconductor Manufacturing Company Limited (TSM) has a return on equity (ROE) of 35.7%. This is excellent, indicating efficient use of shareholder capital.
Taiwan Semiconductor Manufacturing Company Limited (TSM) generated $1.02T in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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Taiwan Semiconductor Manufacturing Company Limited (TSM) financial analysis — history, returns, DCA and operating performance tools
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