Taiwan Semiconductor Manufacturing Company Ltd. (TSM) vs Texas Instruments Incorporated (TXN)
Taiwan Semiconductor Manufacturing Company Ltd. and Texas Instruments Incorporated are both Semiconductors companies. Taiwan Semiconductor Manufacturing Company Ltd. is the larger, with a market value of $2.40T against $260.2B — 9.2× the size. Taiwan Semiconductor Manufacturing Company Ltd. trades at the lower P/E: 33.1× against 42.5×. Taiwan Semiconductor Manufacturing Company Ltd. grew revenue faster over the last twelve months: 35.6% against 16.7%. Taiwan Semiconductor Manufacturing Company Ltd. has the higher net margin (49.9% vs 31.0%) and the higher return on invested capital (39.7% vs 18.1%). Both pay a dividend; Texas Instruments Incorporated yields more (2.01% vs 1.06%). Across the 23 metrics below, Taiwan Semiconductor Manufacturing Company Ltd. leads on 16 and Texas Instruments Incorporated on 7.
Valuation
Profitability
| Metric | TSM | TXN | Semiconductors median |
|---|---|---|---|
| Gross margin | 64.20% | 58.33% | 52.25% |
| Operating margin | 56.05% | 37.29% | 4.85% |
| Net margin | 49.88% | 30.97% | 4.77% |
| Free cash flow margin | 25.08% | 27.72% | 8.65% |
| Return on equity | 39.78% | 35.01% | 3.11% |
| Return on assets | 26.93% | 17.01% | 1.91% |
| Return on invested capital | 39.72% | 18.09% | 2.46% |
Growth
Health
Dividend
Size
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