Taiwan Semiconductor Manufacturing Company Ltd.

TSM Technology Semiconductors

Taiwan Semiconductor Manufacturing Company Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $121.4 billion, up 37.6% from fiscal 2024.

Revenue
+32.7%
EPS
+74.5%
Free cash flow
+24.6%
Total debt
+2.92%

Quarter to June 2026, against a year earlier

374.48 21.38 +6.05%
Market cap
$1.83T
P/E
25.7×
Fwd P/E
—
Dividend yield
1.06%
F-score
8/9
Altman Z
14.22
Beneish M
−1.87
Dividend safety
80/100

Taiwan Semiconductor Manufacturing Company Ltd. (TSM) Free cash flow margin

Alert me on Free cash flow margin

Taiwan Semiconductor Manufacturing Company Ltd.'s free cash flow margin over the twelve months to 30 June 2026 was 25.1%, down 1.0 percentage points from fiscal 2025 (26.1%). Over the past ten years it has ranged from 13.3% (fiscal 2023) to 31.9% (fiscal 2015); the current reading is higher than 82% of that period. That is above the Semiconductors industry median of 5.02% and above the Technology sector median of 0.67%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 26.1% (3.71)
FY2024 29.8% 16.50
FY2023 13.3% (9.77)
FY2022 23.1% 6.41
FY2021 16.7% (6.24)
FY2020 22.9% 9.28
FY2019 13.6% (10.77)
FY2018 24.4% (1.17)
FY2017 25.6% 3.73
FY2016 21.8% (10.06)

Against its own ten years

Low 13.3% High 31.9%
Ten-year median 23.1%
Current reading's percentile 82

Free cash flow margin against peers

Company Free cash flow margin
MU Micron Technology, Inc. compare 44.3%
AVGO Broadcom Inc. compare 44.2%
NVDA NVIDIA Corporation compare 41.9%
TXN Texas Instruments Incorporated compare 35.4%
ARM ARM Holdings PLC Sponsored ADR compare 28.6%
TSM Taiwan Semiconductor Manufacturing Company Ltd. 25.1%
AMD Advanced Micro Devices, Inc. compare 15.5%
INTC Intel Corporation compare 6.29%
SKHY SK Hynix, Inc. - Sponsored ADR compare —
Semiconductors industry median 5.02%
Technology sector median 0.67%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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