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Stocks · Technology · Semiconductors & Related Devices

TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD

TSM Clue Score94
Fiscal year ends December CIK 0001046179
$453.31 -1.02% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $453.31 +311.13% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue947.94Operating income377.96Net income331.71EPS, diluted12.79Fiscal year 2017Revenue977.45 +3.1%Operating income385.56Net income345.00 +4.0%EPS, diluted13.30 +4.0%Fiscal year 2018Revenue1,031.47 +5.5%Operating income383.62Net income363.05 +5.2%EPS, diluted14.00 +5.3%Fiscal year 2019Revenue1,069.99 +3.7%Operating income372.70Net income353.95 −2.5%EPS, diluted13.65 −2.5%Fiscal year 2020Revenue1,339.25 +25.2%Operating income566.78Net income510.74 +44.3%EPS, diluted19.70 +44.3%Fiscal year 2021Revenue1,587.42 +18.5%Operating income649.98Net income592.36 +16.0%EPS, diluted22.84 +15.9%Fiscal year 2022Revenue2,263.89 +42.6%Operating income1,121.28Net income992.92 +67.6%EPS, diluted38.29 +67.6%Fiscal year 2023Revenue2,161.74 −4.5%Operating income921.47Net income851.74 −14.2%EPS, diluted32.85 −14.2%Fiscal year 2024Revenue2,894.31 +33.9%Operating income1,322.05Net income1,158.38 +36.0%EPS, diluted44.67 +36.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Revenue 947.94 977.45 1,031.47 1,069.99 1,339.25 1,587.42 2,263.89 2,161.74 2,894.31
Growth +3.1% +5.5% +3.7% +25.2% +18.5% +42.6% −4.5% +33.9%
Operating income 377.96 385.56 383.62 372.70 566.78 649.98 1,121.28 921.47 1,322.05
Net income 331.71 345.00 363.05 353.95 510.74 592.36 992.92 851.74 1,158.38
Growth +4.0% +5.2% −2.5% +44.3% +16.0% +67.6% −14.2% +36.0%
EPS, diluted 12.79 13.30 14.00 13.65 19.70 22.84 38.29 32.85 44.67
Growth +4.0% +5.3% −2.5% +44.3% +15.9% +67.6% −14.2% +36.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin50.1%Operating margin39.9%Net margin35.0%Free cash flow margin22.3%Fiscal year 2017Gross margin50.6%Operating margin39.4%Net margin35.3%Free cash flow margin26.1%Fiscal year 2018Gross margin48.3%Operating margin37.2%Net margin35.2%Free cash flow margin25.0%Fiscal year 2019Gross margin46.0%Operating margin34.8%Net margin33.1%Free cash flow margin14.5%Fiscal year 2020Gross margin53.1%Operating margin42.3%Net margin38.1%Free cash flow margin23.6%Fiscal year 2021Gross margin51.6%Operating margin40.9%Net margin37.3%Free cash flow margin17.2%Fiscal year 2022Gross margin59.6%Operating margin49.5%Net margin43.9%Free cash flow margin23.3%Fiscal year 2023Gross margin54.4%Operating margin42.6%Net margin39.4%Free cash flow margin13.5%Fiscal year 2024Gross margin56.1%Operating margin45.7%Net margin40.0%Free cash flow margin30.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Gross margin 50.1% 50.6% 48.3% 46.0% 53.1% 51.6% 59.6% 54.4% 56.1%
Operating margin 39.9% 39.4% 37.2% 34.8% 42.3% 40.9% 49.5% 42.6% 45.7%
Net margin 35.0% 35.3% 35.2% 33.1% 38.1% 37.3% 43.9% 39.4% 40.0%
Free cash flow margin 22.3% 26.1% 25.0% 14.5% 23.6% 17.2% 23.3% 13.5% 30.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow539.83Capital expenditure−328.05Free cash flow211.79Dividends paid−155.58Fiscal year 2017Operating cash flow585.32Capital expenditure−330.59Free cash flow254.73 +20.3%Dividends paid−181.51Fiscal year 2018Operating cash flow573.95Capital expenditure−315.58Free cash flow258.37 +1.4%Dividends paid−207.44Fiscal year 2019Operating cash flow615.14Capital expenditure−460.42Free cash flow154.72 −40.1%Dividends paid−259.30Fiscal year 2020Operating cash flow822.67Capital expenditure−507.24Free cash flow315.43 +103.9%Dividends paid−259.30Fiscal year 2021Operating cash flow1,112.16Capital expenditure−839.20Free cash flow272.97 −13.5%Dividends paid−265.79Fiscal year 2022Operating cash flow1,610.60Capital expenditure−1,082.67Free cash flow527.93 +93.4%Dividends paid−285.23Fiscal year 2023Operating cash flow1,241.97Capital expenditure−949.82Free cash flow292.15 −44.7%Dividends paid−291.72Fiscal year 2024Operating cash flow1,826.18Capital expenditure−956.01Free cash flow870.17 +197.9%Dividends paid−363.06
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Operating cash flow 539.83 585.32 573.95 615.14 822.67 1,112.16 1,610.60 1,241.97 1,826.18
Capital expenditure −328.05 −330.59 −315.58 −460.42 −507.24 −839.20 −1,082.67 −949.82 −956.01
Free cash flow 211.79 254.73 258.37 154.72 315.43 272.97 527.93 292.15 870.17
Growth +20.3% +1.4% −40.1% +103.9% −13.5% +93.4% −44.7% +197.9%
Dividends paid −155.58 −181.51 −207.44 −259.30 −259.30 −265.79 −285.23 −291.72 −363.06

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash541.25Total debt38.11Net cash (debt)503.14Shareholders’ equity1,359.05Debt to equity0.03Fiscal year 2017Cash553.39Total debt58.40Net cash (debt)494.99Shareholders’ equity1,493.75Debt to equity0.04Fiscal year 2018Cash577.81Total debt34.90Net cash (debt)542.91Shareholders’ equity1,660.43Debt to equity0.02Fiscal year 2019Cash455.40Total debt31.80Net cash (debt)423.60Shareholders’ equity1,613.71Debt to equity0.02Fiscal year 2020Cash660.17Total debt4.57Net cash (debt)655.60Shareholders’ equity1,834.81Debt to equity0.00Fiscal year 2021Cash1,064.99Total debt7.88Net cash (debt)1,057.11Shareholders’ equity2,149.26Debt to equity0.00Fiscal year 2022Cash1,342.81Total debt24.07Net cash (debt)1,318.74Shareholders’ equity2,903.02Debt to equity0.01Fiscal year 2023Cash1,465.43Total debt13.68Net cash (debt)1,451.75Shareholders’ equity3,429.52Debt to equity0.00Fiscal year 2024Cash2,127.63Total debt91.68Net cash (debt)2,035.94Shareholders’ equity4,244.27Debt to equity0.02
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Cash 541.25 553.39 577.81 455.40 660.17 1,064.99 1,342.81 1,465.43 2,127.63
Total debt 38.11 58.40 34.90 31.80 4.57 7.88 24.07 13.68 91.68
Net cash (debt) 503.14 494.99 542.91 423.60 655.60 1,057.11 1,318.74 1,451.75 2,035.94
Shareholders’ equity 1,359.05 1,493.75 1,660.43 1,613.71 1,834.81 2,149.26 2,903.02 3,429.52 4,244.27
Debt to equity 0.03 0.04 0.02 0.02 0.00 0.00 0.01 0.00 0.02

In billions of TWD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2024 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024
Margins
50.1% 50.6% 48.3% 46.0% 53.1% 51.6% 59.6% 54.4% 56.1%
39.9% 39.4% 37.2% 34.8% 42.3% 40.9% 49.5% 42.6% 45.7%
40.7% 40.5% 38.5% 36.4% 43.7% 41.8% 50.5% 45.3% 48.6%
35.0% 35.3% 35.2% 33.1% 38.1% 37.3% 43.9% 39.4% 40.0%
22.3% 26.1% 25.0% 14.5% 23.6% 17.2% 23.3% 13.5% 30.1%
Spending
7.5% 8.3% 8.3% 8.5% 8.2% 7.9% 7.2% 8.4% 7.1%
2.1% 2.2% 2.0% 2.0% 2.1% 2.3% 2.4% 2.8% 2.9%
34.6% 33.8% 30.6% 43.0% 37.9% 52.9% 47.8% 43.9% 33.0%
14.0% 12.9% 8.7% 9.2% 12.6% 10.6% 13.2% 13.1% 17.7%
Returns
24.4% 23.1% 21.9% 21.9% 27.8% 27.6% 34.2% 24.8% 27.3%
17.6% 17.3% 17.4% 15.6% 18.5% 15.9% 20.0% 15.4% 17.3%
Balance and payout
0.03 0.04 0.02 0.02 0.00 0.00 0.01 0.00 0.02
27.9% 25.0% 20.5% 28.7% 33.5% 42.2% 41.2% 37.6% 36.1%
46.9% 52.6% 57.1% 73.3% 50.8% 44.9% 28.7% 34.3% 31.3%
73.5% 71.3% 80.3% 167.6% 82.2% 97.4% 54.0% 99.9% 41.7%

Shown in TWD as filed; the screener converts to dollars.