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) Return on invested capital

Alert me on Return on invested capital

Taiwan Semiconductor Manufacturing Company Ltd.'s return on invested capital over the twelve months to 30 June 2026 was 39.7%, up 3.4 percentage points from fiscal 2025 (36.3%). Over the past ten years it has ranged from 19.3% (fiscal 2019) to 36.3% (fiscal 2025) — the current reading is the highest in ten years. That is above the Semiconductors industry median of 2.28% and above the Technology sector median of 0.00%.

Return on invested capital, annual

Embed this chart

Annual newest first

Period Return on invested capital Change (points)
FY2025 36.3% 7.23
FY2024 29.1% 7.71
FY2023 21.4% (10.22)
FY2022 31.6% 7.70
FY2021 23.9% (1.39)
FY2020 25.3% 6.03
FY2019 19.3% (2.01)
FY2018 21.3% (1.65)
FY2017 22.9% (1.37)
FY2016 24.3% 1.73

Against its own ten years

Low 19.3% High 36.3%
Ten-year median 23.9%
Current reading's percentile 100

Return on invested capital against peers

Company Return on invested capital
NVDA NVIDIA Corporation compare 76.2%
MU Micron Technology, Inc. compare 62.0%
TSM Taiwan Semiconductor Manufacturing Company Ltd. 39.7%
TXN Texas Instruments Incorporated compare 21.5%
AVGO Broadcom Inc. compare 19.8%
ARM ARM Holdings PLC Sponsored ADR compare 11.6%
AMD Advanced Micro Devices, Inc. compare 8.43%
INTC Intel Corporation compare 1.10%
SKHY SK Hynix, Inc. - Sponsored ADR compare 0.00%
Semiconductors industry median 2.28%
Technology sector median 0.00%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

More on TSM