Taiwan Semi Financials

TSM

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

This page shows Taiwan Semi (TSM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 78/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Taiwan Semi's revenue surged 25.0% year-over-year to $88.3B, reflecting rapid business expansion. This strong growth earns a score of 75/100.

Leverage

100

Taiwan Semi carries a low D/E ratio of 0.01, meaning only $0.01 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Taiwan Semi's current ratio of 2.36 indicates adequate short-term liquidity, earning a score of 44/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

100

Taiwan Semi converts 30.1% of revenue into free cash flow ($26.5B). This strong cash generation earns a score of 100/100.

Returns

Taiwan Semi earns a strong 27.1% return on equity (ROE), meaning it generates $27 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 71/100. This is up from 24.6% the prior year.

Piotroski F-Score Strong

7/9

Taiwan Semi passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.58x

For every $1 of reported earnings, Taiwan Semi generates $1.58 in operating cash flow ($55.7B OCF vs $35.3B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$88.3B

YoY+25.0%

5Y CAGR+19.8%

Taiwan Semi generated $88.3B in revenue in fiscal year 2024. This represents an increase of 25.0% from the prior year.

EBITDA

N/A

Net Income

$35.3B

YoY+27.0%

5Y CAGR+24.4%

Taiwan Semi reported $35.3B in net income in fiscal year 2024. This represents an increase of 27.0% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$26.5B

YoY+178.1%

5Y CAGR+38.7%

Taiwan Semi generated $26.5B in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 178.1% from the prior year.

Cash & Debt

$64.9B

YoY+45.2%

5Y CAGR+32.0%

Taiwan Semi held $64.9B in cash against $877.0M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

25.93B

YoY+0.0%

5Y CAGR+0.0%

Taiwan Semi had 25.93B shares outstanding in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

40.0%

YoY+0.6pp

5Y CAGR+6.9pp

Taiwan Semi's net profit margin was 40.0% in fiscal year 2024, showing the share of revenue converted to profit. This is up 0.6 percentage points from the prior year.

Return on Equity

27.1%

YoY+2.4pp

5Y CAGR+5.1pp

Taiwan Semi's ROE was 27.1% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 2.4 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$29.2B

YoY-6.0%

5Y CAGR+13.6%

Taiwan Semi invested $29.2B in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 6.0% from the prior year.

TSM Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$88.3B+25.0%	$70.6B-4.2%	$73.7B+28.7%	$57.2B+20.0%	$47.7B+33.3%	$35.8B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$7.6B+80.8%	$4.2B-14.6%	$4.9B+94.0%	$2.5B-3.7%	$2.6B+119.2%	$1.2B
Net Income	$35.3B+27.0%	$27.8B-14.0%	$32.3B+51.2%	$21.4B+17.4%	$18.2B+53.7%	$11.8B
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q2'21	Q4'20	Q4'19	Q4'18
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

TSM Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$204.1B+13.0%	$180.7B+11.8%	$161.6B+20.3%	$134.3B+36.6%	$98.3B+29.8%	$75.7B
Current Assets	$94.2B+31.4%	$71.7B+7.3%	$66.8B+15.3%	$57.9B+48.9%	$38.9B+41.4%	$27.5B
Cash & Equivalents	$64.9B+45.2%	$44.7B+1.9%	$43.9B+26.5%	$34.7B+45.6%	$23.8B+46.7%	$16.2B
Inventory	$8.8B+7.1%	$8.2B+13.9%	$7.2B+3.4%	$7.0B+42.3%	$4.9B+76.3%	$2.8B
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$801.5M+7.8%	$743.5M-12.1%	$846.1M-12.5%	$966.9M+5.4%	$917.7M+32.9%	$690.5M
Total Liabilities	$73.6B+8.4%	$67.9B+1.9%	$66.6B+17.4%	$56.7B+72.2%	$32.9B+51.5%	$21.7B
Current Liabilities	$39.9B+29.6%	$30.8B-4.1%	$32.1B+17.4%	$27.3B+21.5%	$22.5B+12.5%	$20.0B
Long-Term Debt	$877.0M-6.4%	$936.7M-3.3%	$968.6M+29.4%	$748.5M+2.2%	$732.2M+45.6%	$502.9M
Total Equity	$130.5B+15.7%	$112.8B+18.8%	$95.0B+22.4%	$77.6B+18.6%	$65.4B+21.1%	$54.0B
Retained Earnings	$118.1B+15.6%	$102.2B+21.0%	$84.4B+24.1%	$68.1B+21.4%	$56.0B+26.5%	$44.3B

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q2'21	Q4'20	Q4'19	Q4'18
Total Assets	$204.1B+13.0%	$180.7B+11.8%	$161.6B+20.3%	$134.3B+21.2%	$110.8B+12.7%	$98.3B+29.8%	$75.7B+10.9%	$68.3B
Current Assets	$94.2B+31.4%	$71.7B+7.3%	$66.8B+15.3%	$57.9B+30.3%	$44.5B+14.3%	$38.9B+41.4%	$27.5B-11.5%	$31.1B
Cash & Equivalents	$64.9B+45.2%	$44.7B+1.9%	$43.9B+26.5%	$34.7B+29.3%	$26.8B+12.6%	$23.8B+46.7%	$16.2B-16.0%	$19.3B
Inventory	$8.8B+7.1%	$8.2B+13.9%	$7.2B+3.4%	$7.0B+14.0%	$6.1B+24.8%	$4.9B+76.3%	$2.8B-17.7%	$3.4B
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$801.5M+7.8%	$743.5M-12.1%	$846.1M-12.5%	$966.9M+1.7%	$950.7M+3.6%	$917.7M+32.9%	$690.5M+24.3%	$555.4M
Total Liabilities	$73.6B+8.4%	$67.9B+1.9%	$66.6B+17.4%	$56.7B+42.6%	$39.8B+20.8%	$32.9B+51.5%	$21.7B+55.2%	$14.0B
Current Liabilities	$39.9B+29.6%	$30.8B-4.1%	$32.1B+17.4%	$27.3B+15.7%	$23.6B+5.0%	$22.5B+12.5%	$20.0B+71.6%	$11.7B
Long-Term Debt	$877.0M-6.4%	$936.7M-3.3%	$968.6M+29.4%	$748.5M-0.7%	$753.5M+2.9%	$732.2M+45.6%	$502.9M	N/A
Total Equity	$130.5B+15.7%	$112.8B+18.8%	$95.0B+22.4%	$77.6B+9.2%	$71.0B+8.6%	$65.4B+21.1%	$54.0B-0.5%	$54.3B
Retained Earnings	$118.1B+15.6%	$102.2B+21.0%	$84.4B+24.1%	$68.1B+10.8%	$61.4B+9.6%	$56.0B+26.5%	$44.3B-0.3%	$44.4B

TSM Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$55.7B+37.3%	$40.6B-22.6%	$52.4B+30.7%	$40.1B+36.8%	$29.3B+42.5%	$20.6B
Capital Expenditures	$29.2B-6.0%	$31.0B-12.0%	$35.2B+16.5%	$30.3B+67.5%	$18.1B+17.3%	$15.4B
Free Cash Flow	$26.5B+178.1%	$9.5B-44.5%	$17.2B+74.6%	$9.8B-12.4%	$11.2B+117.2%	$5.2B
Investing Cash Flow	-$26.4B+10.9%	-$29.6B+23.6%	-$38.8B-28.5%	-$30.2B-67.4%	-$18.0B-17.4%	-$15.3B
Financing Cash Flow	-$10.6B-57.8%	-$6.7B-2.7%	-$6.5B-232.3%	$4.9B+256.0%	-$3.2B+65.0%	-$9.0B
Dividends Paid	$11.1B+16.2%	$9.5B+2.6%	$9.3B-3.1%	$9.6B+3.8%	$9.2B+6.5%	$8.7B
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q2'21	Q4'20	Q4'19	Q4'18
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

TSM Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	40.0%+0.6pp	39.4%-4.5pp	43.9%+6.5pp	37.4%-0.8pp	38.2%+5.1pp	33.1%
Return on Equity	27.1%+2.4pp	24.6%-9.4pp	34.0%+6.5pp	27.6%-0.3pp	27.8%+5.9pp	21.9%
Return on Assets	17.3%+1.9pp	15.4%-4.6pp	20.0%+4.1pp	15.9%-2.6pp	18.5%+2.9pp	15.6%
Current Ratio	2.36+0.0	2.33+0.2	2.08-0.0	2.12+0.4	1.73+0.4	1.37
Debt-to-Equity	0.010.0	0.010.0	0.010.0	0.010.0	0.010.0	0.01
FCF Margin	30.1%+16.5pp	13.5%-9.8pp	23.3%+6.1pp	17.2%-6.3pp	23.5%+9.1pp	14.5%

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q2'21	Q4'20	Q4'19	Q4'18
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	2.36+0.0	2.33+0.2	2.08-0.0	2.12+0.2	1.88+0.2	1.73+0.4	1.37-1.3	2.67
Debt-to-Equity	0.010.0	0.010.0	0.010.0	0.010.0	0.010.0	0.010.0	0.01-0.2	0.26
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Taiwan Semi's annual revenue?

Taiwan Semi (TSM) reported $88.3B in total revenue for fiscal year 2024. This represents a 25.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Taiwan Semi's revenue growing?

Taiwan Semi (TSM) revenue grew by 25% year-over-year, from $70.6B to $88.3B in fiscal year 2024.

Is Taiwan Semi profitable?

Yes, Taiwan Semi (TSM) reported a net income of $35.3B in fiscal year 2024, with a net profit margin of 40.0%.

How much debt does Taiwan Semi have?

As of fiscal year 2024, Taiwan Semi (TSM) had $64.9B in cash and equivalents against $877.0M in long-term debt.

What is Taiwan Semi's net profit margin?

Taiwan Semi (TSM) had a net profit margin of 40.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Taiwan Semi's return on equity (ROE)?

Taiwan Semi (TSM) has a return on equity of 27.1% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Taiwan Semi's free cash flow?

Taiwan Semi (TSM) generated $26.5B in free cash flow during fiscal year 2024. This represents a 178.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Taiwan Semi's operating cash flow?

Taiwan Semi (TSM) generated $55.7B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Taiwan Semi's total assets?

Taiwan Semi (TSM) had $204.1B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Taiwan Semi's capital expenditures?

Taiwan Semi (TSM) invested $29.2B in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Taiwan Semi have outstanding?

Taiwan Semi (TSM) had 25.93B shares outstanding as of fiscal year 2024.

What is Taiwan Semi's current ratio?

Taiwan Semi (TSM) had a current ratio of 2.36 as of fiscal year 2024, which is generally considered healthy.

What is Taiwan Semi's debt-to-equity ratio?

Taiwan Semi (TSM) had a debt-to-equity ratio of 0.01 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Taiwan Semi's return on assets (ROA)?

Taiwan Semi (TSM) had a return on assets of 17.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Taiwan Semi's Piotroski F-Score?

Taiwan Semi (TSM) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Taiwan Semi's earnings high quality?

Taiwan Semi (TSM) has an earnings quality ratio of 1.58x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Taiwan Semi?

Taiwan Semi (TSM) scores 78 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.