TSM · Taiwan Semiconductor Manufacturing Co Ltd - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Revenue | $88.27B | $70.60B | $73.67B | $57.22B | $47.69B | $35.77B |
| Cost of Revenue | $38.73B | $32.22B | $29.79B | $27.68B | $22.37B | $19.30B |
| Gross Profit | $49.54B | $38.38B | $43.88B | $29.54B | $25.33B | $16.47B |
| R&D | $6.23B | $5.96B | $5.31B | $4.50B | $3.90B | $3.06B |
| SG&A | $2.55B | $1.99B | $1.74B | $1.33B | $1.01B | $726.70M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | - | - | - | - | - | - |
| Operating Income | $40.32B | $30.09B | $36.49B | $23.43B | $20.18B | $12.46B |
| Interest Expense | $320.10M | $391.90M | $382.40M | $195.20M | $74.10M | $108.70M |
| Income Tax | $7.57B | $4.19B | $4.91B | $2.53B | $2.63B | $1.20B |
| Net Income | $35.30B | $27.79B | $32.32B | $21.37B | $18.20B | $11.84B |
| EPS - Basic | $1.36 | $1.07 | $1.25 | $0.82 | $0.70 | $0.46 |
| EPS - Diluted | $1.36 | $1.07 | $1.25 | $0.82 | $0.70 | $0.46 |
Balance Sheet
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $64.89B | $47.86B | $43.70B | $38.39B | $23.51B | $15.23B |
| Accounts Receivable | $8.26B | $6.57B | $7.48B | $7.12B | $5.18B | $4.64B |
| Inventory | $8.78B | $8.20B | $7.20B | $6.96B | $4.89B | $2.77B |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | $94.19B | $71.65B | $66.80B | $57.93B | $38.90B | $27.50B |
| Total Assets | $204.08B | $180.67B | $161.55B | $134.29B | $98.31B | $75.72B |
| Current Liabilities | $39.91B | $30.79B | $32.10B | $27.34B | $22.50B | $20.01B |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $73.57B | $67.87B | $66.60B | $56.73B | $32.94B | $21.74B |
| Stockholders' Equity | $130.51B | $112.80B | $94.95B | $77.57B | $65.38B | $53.97B |
| Retained Earnings | $118.11B | $102.18B | $84.44B | $68.05B | $56.05B | $44.32B |
Cash Flow
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $55.69B | $40.56B | $52.41B | $40.09B | $29.30B | $20.57B |
| Investing Cash Flow | ($26.38B) | ($29.59B) | ($38.75B) | ($30.15B) | ($18.01B) | ($15.34B) |
| Financing Cash Flow | ($10.56B) | ($6.69B) | ($6.52B) | $4.92B | ($3.16B) | ($9.02B) |
| CapEx | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
Ratios
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 56.1% | 54.4% | 59.6% | 51.6% | 53.1% | 46.0% |
| Operating margin | 45.7% | 42.6% | 49.5% | 40.9% | 42.3% | 34.8% |
| EBITDA margin | - | - | - | - | - | - |
| Net margin | 40.0% | 39.4% | 43.9% | 37.3% | 38.2% | 33.1% |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - |
| R&D / Revenue | 7.1% | 8.4% | 7.2% | 7.9% | 8.2% | 8.5% |
| SG&A / Revenue | 2.9% | 2.8% | 2.4% | 2.3% | 2.1% | 2.0% |
| Effective tax rate | 17.7% | 13.1% | 13.2% | 10.6% | 12.6% | 9.2% |
| Return on assets | 17.3% | 15.4% | 20.0% | 15.9% | 18.5% | 15.6% |
| Return on equity | 27.0% | 24.6% | 34.0% | 27.6% | 27.8% | 21.9% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 2.36 | 2.33 | 2.08 | 2.12 | 1.73 | 1.37 |
| Quick ratio | 2.14 | 2.06 | 1.86 | 1.86 | 1.51 | 1.24 |
| Cash ratio | 1.63 | 1.55 | 1.36 | 1.40 | 1.04 | 0.76 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | 126.0x | 76.8x | 95.4x | 120.0x | 272.4x | 114.6x |
| Equity multiplier | 1.56 | 1.60 | 1.70 | 1.73 | 1.50 | 1.40 |
| Liabilities / Assets | 0.36 | 0.38 | 0.41 | 0.42 | 0.34 | 0.29 |
| Efficiency | ||||||
| Asset turnover | 0.43 | 0.39 | 0.46 | 0.43 | 0.49 | 0.47 |
| Inventory turnover | 4.41 | 3.93 | 4.14 | 3.98 | 4.57 | 6.96 |
| Days sales outstanding | 34d | 34d | 37d | 45d | 40d | 47d |
| Days inventory outstanding | 83d | 93d | 88d | 92d | 80d | 52d |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 145.2x | 97.2x | 59.6x | 146.7x | 155.8x | - |
| P / B | 39.2x | 23.9x | 20.3x | 40.2x | 43.2x | - |
| P / S | 58.0x | 38.2x | 26.2x | 54.5x | 59.3x | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 25.0% | -4.2% | 28.7% | 20.0% | 33.3% | 6.2% |
| Revenue CAGR (3y) | 15.5% | 14.0% | 27.2% | 19.3% | 13.1% | - |
| Revenue CAGR (5y) | 19.8% | 15.9% | 17.4% | - | - | - |
| Gross profit growth (YoY) | 29.1% | -12.5% | 48.5% | 16.7% | 53.7% | 1.3% |
| Operating income growth (YoY) | 34.0% | -17.5% | 55.7% | 16.1% | 62.0% | -0.6% |
| Net income growth (YoY) | 27.0% | -14.0% | 51.2% | 17.4% | 53.7% | -0.2% |
| EPS growth (YoY) | 27.1% | -14.4% | 52.4% | 17.1% | 52.2% | 0.0% |
| EPS CAGR (3y) | 18.4% | 15.2% | 39.5% | 21.3% | 15.9% | - |
| EPS CAGR (5y) | 24.2% | 18.4% | 22.7% | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 15.7% | 18.8% | 22.4% | 18.6% | 21.1% | -0.5% |
Stability scores
Altman Z′
FY 2024 · bankruptcy risk
2.47
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2024 · 9-point quality
8/9
Strong
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Semiconductors & Related Devices
Comparing TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD against the 5 most active filers in the same SIC group.
Dividends
$3.39/share trailing 12 months · +37.4% YoY
| Ex-date | Per share |
|---|---|
| Mar 17, 2026 | $0.9560 |
| Dec 11, 2025 | $0.8350 |
| Sep 16, 2025 | $0.8220 |
| Jun 12, 2025 | $0.7800 |
| Mar 18, 2025 | $0.6840 |
| Dec 12, 2024 | $0.6160 |
| Sep 12, 2024 | $0.6260 |
| Jun 13, 2024 | $0.5440 |
| Mar 18, 2024 | $0.5540 |
| Dec 14, 2023 | $0.4790 |
| Sep 14, 2023 | $0.4710 |
| Jun 15, 2023 | $0.4480 |
| Mar 16, 2023 | $0.4490 |
| Dec 15, 2022 | $0.4510 |
| Sep 15, 2022 | $0.4480 |
| Jun 16, 2022 | $0.4670 |
| Mar 16, 2022 | $0.4900 |
| Dec 16, 2021 | $0.4960 |
| Sep 16, 2021 | $0.4970 |
| Jun 17, 2021 | $0.4510 |
| Mar 17, 2021 | $0.4480 |
| Dec 17, 2020 | $0.4420 |
| Sep 17, 2020 | $0.4270 |
| Jun 18, 2020 | $0.4200 |