TAIWAN SEMICNDCTR MFG (TSMWF) Financials

TSMWF

FY2024 annual

Revenue $88.3B +25.0% YoY

Net Income $35.3B +27.0% YoY

Free Cash Flow $26.5B +178.1% YoY

Operating Cash Flow $55.7B +37.3% YoY

Source SEC Filings (10-K/10-Q) Latest period FY2024, ended Dec 31, 2024 Reported Apr 17, 2025 Currency USD FYE December

Newest figures come from the 10-K for FY2024, filed Apr 17, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TSMWF SEC filings page.

TAIWAN SEMICNDCTR MFG (TSMWF) reported $88.3B in revenue for fiscal year 2024, up 25.0% from the prior fiscal year. This page shows its 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).

Rhea AI TSMWF FY2024 2026-10-04

Profit converts into cash, while lower capital spending lifted free cash flow without materially increasing financial leverage.

FY2024 operating cash flow of $55.7B exceeded net income of $35.3B, so reported profit translated into cash rather than remaining mainly accounting-based. Free cash flow reached $26.5B from $9.5B in FY2023 as capital spending eased, making reinvestment intensity—not earnings alone—the main explanation for the rebound.

Revenue rebounded to $88.3B in FY2024 from $70.6B in FY2023. Net margin moved only from 39.4% to 40.0%, indicating that volume and scale, rather than a major margin reset, drove most of the earnings recovery.

The balance sheet expanded with equity at $130.5B versus liabilities of $73.6B in FY2024, indicating growth has been funded more by accumulated equity than debt. Long-term debt was $877M and the current ratio was 2.4x, pointing to modest leverage and substantial short-term asset coverage.

Financial Health Signals

Financial health score not available

TAIWAN SEMICNDCTR MFG does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

7/8

TAIWAN SEMICNDCTR MFG passes 7 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 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 SEMICNDCTR MFG 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

None of these metrics is reported for Q4 2024.

Cash & Balance Sheet

Cash & Debt

$64.9B

YoY+45.2%

QoQ+45.2%

TAIWAN SEMICNDCTR MFG held $64.9B in cash against $877.0M in long-term debt as of Q4 2024.

Shares Outstanding

25.93B

YoY0.0%

QoQ0.0%

TAIWAN SEMICNDCTR MFG had 25.93B shares outstanding in Q4 2024. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Free Cash Flow

Not reported for Q4 2024.

Dividends Per Share

Not reported for Q4 2024.

Margins & Returns

None of these metrics is reported for Q4 2024.

Capital Allocation

None of these metrics is reported for Q4 2024.

TSMWF Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

TSMWF quarterly income statement

Metric	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K
Revenue	$88.3B+25.0%	$70.6B-4.2%	$73.7B+28.7%	$57.2B+20.0%	$47.7B+33.3%	$35.8B+6.2%	$33.7B+2.2%	$33.0B
Interest Expense	$320.1M-18.3%	$391.9M+2.5%	$382.4M+95.9%	$195.2M+163.4%	$74.1M-31.8%	$108.7M+9.0%	$99.7M-11.3%	$112.4M
Income Tax	$7.6B+80.8%	$4.2B-14.6%	$4.9B+94.0%	$2.5B-3.7%	$2.6B+119.2%	$1.2B+6.5%	$1.1B-34.8%	$1.7B
Net Income	$35.3B+27.0%	$27.8B-14.0%	$32.3B+51.2%	$21.4B+17.4%	$18.2B+53.7%	$11.8B-0.2%	$11.9B+1.9%	$11.6B
Diluted Shares (Avg)	25.93B0.0%	25.93B0.0%	25.93B0.0%	25.93B0.0%	25.93B	N/A	N/A	25.93B

Metric	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q2'2110-Q	Q4'2010-K	Q4'1910-K	Q4'1810-K

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

TSMWF Balance Sheet

TSMWF quarterly balance sheet

Metric	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K
Total Assets	$204.1B+13.0%	$180.7B+11.8%	$161.6B+20.3%	$134.3B+36.6%	$98.3B+29.8%	$75.7B+10.9%	$68.3B+1.6%	$67.2B
Current Assets	$94.2B+31.4%	$71.7B+7.3%	$66.8B+15.3%	$57.9B+48.9%	$38.9B+41.4%	$27.5B-11.5%	$31.1B+7.5%	$28.9B
Cash & Equivalents	$64.9B+45.2%	$44.7B+1.9%	$43.9B+26.5%	$34.7B+45.6%	$23.8B+46.7%	$16.2B-16.0%	$19.3B+6.9%	$18.1B
Inventory	$8.8B+7.1%	$8.2B+13.9%	$7.2B+3.4%	$7.0B+42.3%	$4.9B+76.3%	$2.8B-17.7%	$3.4B+35.3%	$2.5B
Goodwill	$801.5M+7.8%	$743.5M-12.1%	$846.1M-12.5%	$966.9M+5.4%	$917.7M+32.9%	$690.5M+24.3%	$555.4M+16.1%	$478.2M
Total Liabilities	$73.6B+8.4%	$67.9B+1.9%	$66.6B+17.4%	$56.7B+72.2%	$32.9B+51.5%	$21.7B+55.2%	$14.0B-16.5%	$16.8B
Current Liabilities	$39.9B+29.6%	$30.8B-4.1%	$32.1B+17.4%	$27.3B+21.5%	$22.5B+12.5%	$20.0B+71.6%	$11.7B-10.7%	$13.1B
Non-Current Liabilities	$33.7B-9.2%	$37.1B+7.5%	$34.5B+17.4%	$29.4B+181.7%	$10.4B+500.4%	$1.7B-26.2%	$2.4B-36.8%	$3.7B
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	N/A	N/A
Total Equity	$130.5B+15.7%	$112.8B+18.8%	$95.0B+22.4%	$77.6B+18.6%	$65.4B+21.1%	$54.0B-0.5%	$54.3B+7.6%	$50.4B
Retained Earnings	$118.1B+15.6%	$102.2B+21.0%	$84.4B+24.1%	$68.1B+21.4%	$56.0B+26.5%	$44.3B-0.3%	$44.4B+9.3%	$40.7B

Metric	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q2'2110-Q	Q4'2010-K	Q4'1910-K	Q4'1810-K
Total Assets	$204.1B+13.0%	$180.7B+11.8%	$161.6B+20.3%	$134.3B+36.6%	$110.8B	$98.3B+29.8%	$75.7B+10.9%	$68.3B+1.6%
Current Assets	$94.2B+31.4%	$71.7B+7.3%	$66.8B+15.3%	$57.9B+48.9%	$44.5B	$38.9B+41.4%	$27.5B-11.5%	$31.1B+7.5%
Cash & Equivalents	$64.9B+45.2%	$44.7B+1.9%	$43.9B+26.5%	$34.7B+45.6%	$26.8B	$23.8B+46.7%	$16.2B-16.0%	$19.3B+6.9%
Inventory	$8.8B+7.1%	$8.2B+13.9%	$7.2B+3.4%	$7.0B+42.3%	$6.1B	$4.9B+76.3%	$2.8B-17.7%	$3.4B+35.3%
Goodwill	$801.5M+7.8%	$743.5M-12.1%	$846.1M-12.5%	$966.9M+5.4%	$950.7M	$917.7M+32.9%	$690.5M+24.3%	$555.4M+16.1%
Total Liabilities	$73.6B+8.4%	$67.9B+1.9%	$66.6B+17.4%	$56.7B+72.2%	$39.8B	$32.9B+51.5%	$21.7B+55.2%	$14.0B-16.5%
Current Liabilities	$39.9B+29.6%	$30.8B-4.1%	$32.1B+17.4%	$27.3B+21.5%	$23.6B	$22.5B+12.5%	$20.0B+71.6%	$11.7B-10.7%
Non-Current Liabilities	$33.7B-9.2%	$37.1B+7.5%	$34.5B+17.4%	$29.4B+181.7%	$16.2B	$10.4B+500.4%	$1.7B-26.2%	$2.4B-36.8%
Long-Term Debt	$877.0M-6.4%	$936.7M-3.3%	$968.6M+29.4%	$748.5M+2.2%	$753.5M	$732.2M+45.6%	$502.9M	N/A
Total Equity	$130.5B+15.7%	$112.8B+18.8%	$95.0B+22.4%	$77.6B+18.6%	$71.0B	$65.4B+21.1%	$54.0B-0.5%	$54.3B+7.6%
Retained Earnings	$118.1B+15.6%	$102.2B+21.0%	$84.4B+24.1%	$68.1B+21.4%	$61.4B	$56.0B+26.5%	$44.3B-0.3%	$44.4B+9.3%

Not reported in any period shown, so not listed: Short-Term Investments, Accounts Receivable, Long-Term Investments.

TSMWF Cash Flow Statement

TSMWF quarterly cash flow statement

Metric	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K
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+9.7%	$18.8B-5.0%	$19.7B
Capital Expenditures	$29.2B-6.0%	$31.0B-12.0%	$35.2B+16.5%	$30.3B+67.5%	$18.1B+17.3%	$15.4B+49.3%	$10.3B-7.6%	$11.2B
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-38.7%	$8.4B-1.8%	$8.6B
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-49.4%	-$10.3B+9.5%	-$11.3B
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-12.6%	-$8.0B-10.0%	-$7.3B
Dividends Paid	$11.1B+16.2%	$9.5B+2.6%	$9.3B-3.1%	$9.6B+3.8%	$9.2B+6.5%	$8.7B+27.9%	$6.8B+10.7%	$6.1B

Metric	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q2'2110-Q	Q4'2010-K	Q4'1910-K	Q4'1810-K

Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.

TSMWF Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

TSMWF quarterly financial ratios

Metric	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K
Net Margin	40.0%+0.6pp	39.4%-4.5pp	43.9%+6.5pp	37.4%-0.8pp	38.2%+5.1pp	33.1%-2.1pp	35.2%-0.1pp	35.3%
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%+0.1pp	21.9%-1.2pp	23.1%
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%-1.7pp	17.4%+0.1pp	17.3%
Current Ratio	2.360.0x	2.33+0.2x	2.080.0x	2.12+0.4x	1.73+0.4x	1.37-1.3x	2.67+0.5x	2.22
Debt-to-Equity	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.01-0.2x	0.26-0.1x	0.33
Asset Turnover	0.430.0x	0.39-0.1x	0.460.0x	0.43-0.1x	0.490.0x	0.470.0x	0.490.0x	0.49
FCF Margin	30.1%+16.5pp	13.5%-9.8pp	23.3%+6.1pp	17.2%-6.3pp	23.5%+9.1pp	14.5%-10.6pp	25.1%-1.0pp	26.1%

Metric	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q2'2110-Q	Q4'2010-K	Q4'1910-K	Q4'1810-K
Current Ratio	2.360.0x	2.33+0.2x	2.080.0x	2.12+0.4x	1.88	1.73+0.4x	1.37-1.3x	2.67+0.5x
Debt-to-Equity	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.01	0.010.0x	0.01-0.2x	0.26-0.1x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.

Where TAIWAN SEMICNDCTR MFG Ranks

Frequently Asked Questions

What is TAIWAN SEMICNDCTR MFG's annual revenue?

TAIWAN SEMICNDCTR MFG (TSMWF) 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 SEMICNDCTR MFG's revenue growing?

TAIWAN SEMICNDCTR MFG (TSMWF) revenue grew by 25.0% year-over-year, from $70.6B to $88.3B in fiscal year 2024.

Is TAIWAN SEMICNDCTR MFG profitable?

Yes, TAIWAN SEMICNDCTR MFG (TSMWF) reported a net income of $35.3B in fiscal year 2024, with a net profit margin of 40.0%.

How much debt does TAIWAN SEMICNDCTR MFG have?

As of fiscal year 2024, TAIWAN SEMICNDCTR MFG (TSMWF) had $64.9B in cash and equivalents against $877.0M in long-term debt.

What is TAIWAN SEMICNDCTR MFG's net profit margin?

TAIWAN SEMICNDCTR MFG (TSMWF) 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 SEMICNDCTR MFG's return on equity (ROE)?

TAIWAN SEMICNDCTR MFG (TSMWF) 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 SEMICNDCTR MFG's free cash flow?

TAIWAN SEMICNDCTR MFG (TSMWF) 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 SEMICNDCTR MFG's operating cash flow?

TAIWAN SEMICNDCTR MFG (TSMWF) generated $55.7B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are TAIWAN SEMICNDCTR MFG's total assets?

TAIWAN SEMICNDCTR MFG (TSMWF) had $204.1B in total assets as of fiscal year 2024, including both current and long-term assets.

What are TAIWAN SEMICNDCTR MFG's capital expenditures?

TAIWAN SEMICNDCTR MFG (TSMWF) invested $29.2B in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does TAIWAN SEMICNDCTR MFG have outstanding?

TAIWAN SEMICNDCTR MFG (TSMWF) had 25.93B shares outstanding as of fiscal year 2024.

What is TAIWAN SEMICNDCTR MFG's current ratio?

TAIWAN SEMICNDCTR MFG (TSMWF) had a current ratio of 2.36 as of fiscal year 2024, which is generally considered healthy.

What is TAIWAN SEMICNDCTR MFG's debt-to-equity ratio?

TAIWAN SEMICNDCTR MFG (TSMWF) 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 SEMICNDCTR MFG's return on assets (ROA)?

TAIWAN SEMICNDCTR MFG (TSMWF) 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 SEMICNDCTR MFG's Piotroski F-Score?

TAIWAN SEMICNDCTR MFG (TSMWF) has a Piotroski F-Score of 7 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are TAIWAN SEMICNDCTR MFG's earnings high quality?

TAIWAN SEMICNDCTR MFG (TSMWF) 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.