Taiwan Semiconductor Manufacturing Co Ltd
TSM NYSE· Semiconductors & Related Devices
Last close · Oct 26, 2026
$424.37
KIRA · Stoqly’s AI analyst, in plain words
- Taiwan Semiconductor Manufacturing Co Ltd had $122.2B of revenue in fiscal 2025, up 35.6% on the year before. Over five years, revenue changed +21.9% a year on average.
- Its operating margin was 50.8%, up 5.2 pts: of every 100 in sales, about 51 is left after running the business.
- Taiwan Semiconductor Manufacturing Co Ltd made $54.5B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 20.3% a year.
- Free cash flow was $32.2B in fiscal 2025, 26.3% of revenue.
- Taiwan Semiconductor Manufacturing Co Ltd returned $15.0B to shareholders in fiscal 2025, 47% of free cash flow. The diluted share count rose 0.0%.
- Taiwan Semiconductor Manufacturing Co Ltd has $82.6B more cash than debt.
Market cap
$2.20T
P/E
40.4x
Revenue
$122.2B
Net income
$54.5B
Free cash flow
$32.2B
Operating margin
50.8%
Taiwan Semiconductor Manufacturing Co Ltd in 30 seconds · fiscal 2025
Are sales growing?
+35.6%
Yes. Sales grew 35.6% last year.
Does it make a profit?
44.6%
Yes. It keeps 44.6% of every sale as profit.
Does profit turn into cash?
26.3%
Yes. 26.3% of sales ends up as free cash.
How healthy are the accounts?
7 / 9
Solid. It passes 7 of 9 health tests.
How is the share priced?
40.4x
One share costs 40.4 times its yearly profit per share.
What Taiwan Semiconductor Manufacturing Co Ltd does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Apr 16, 2026
- Legal name
- TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD
- CIK
- 0001046179
Taiwan Semiconductor Manufacturing Co Ltd · TSM
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $56.8B | $76.0B | $69.4B | $90.2B | $122.2B |
| Revenue growth | 24.9% | 33.7% | −8.6% | 29.9% | 35.6% |
| Gross margin | 51.6% | 59.6% | 54.4% | 56.1% | 59.9% |
| Operating margin | 40.9% | 49.5% | 42.6% | 45.7% | 50.8% |
| Net income | $21.2B | $33.3B | $27.3B | $36.1B | $54.5B |
| Net margin | 37.3% | 43.9% | 39.4% | 40.0% | 44.6% |
| Diluted EPS | $4.09 | $6.42 | $5.27 | $6.96 | $10.50 |
| Cash | |||||
| Cash from operations | $39.8B | $54.0B | $39.9B | $56.9B | $73.0B |
| Capital expenditure | $30.0B | $36.3B | $30.5B | $29.8B | $40.8B |
| Free cash flow | $9.8B | $17.7B | $9.4B | $27.1B | $32.2B |
| FCF margin | 17.2% | 23.3% | 13.5% | 30.1% | 26.3% |
| Dividends paid | $9.5B | $9.6B | $9.4B | $11.3B | $15.0B |
| Share buybacks | — | — | $0.0M | $96.2M | $0.0M |
| Share count change | 0.0% | −0.0% | −0.0% | 0.0% | 0.0% |
| Debt and strength | |||||
| Cash and short-term investments | $38.4B | $43.7B | $47.9B | $64.9B | $88.2B |
| Debt incl. finance leases | $4.4B | $783M | $447M | $2.8B | $5.6B |
| Shareholders' equity | $77.5B | $94.5B | $112.0B | $129.4B | $170.7B |
| Current ratio | 2.1x | 2.1x | 2.3x | 2.4x | 2.5x |
| Interest coverage | 120.1x | 95.4x | 76.8x | 126.0x | 156.5x |
| Returns and quality | |||||
| Return on capital | 47.8% | 63.4% | 39.8% | 50.3% | 58.5% |
| Return on equity | 29.7% | 38.7% | 26.5% | 29.9% | 36.3% |
| Return on tangible equity | 27.4% | 35.3% | 24.4% | 27.9% | 31.9% |
| Piotroski F-score | 6 | 8 | 6 | 7 | 7 |
| Altman Z'' | 5.7 | 6.2 | 6.2 | 6.8 | 7.8 |
Insiders bought, 12 months
$2.2M
31 insiders
Insiders sold, 12 months
$14.0M
2 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Taiwan Semiconductor Manufacturing Co Ltd · TSM
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $424.37 a share, the company is worth $2.20T: 40.4 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0001046179). Data updated October 24, 2026. Filed in TWD under IFRS and converted to US$: income and cash-flow lines at each period's average exchange rate, balance-sheet lines at the period-end rate. For information only — not investment advice. Check the original filings before relying on any figure.