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2330 · TWSE · Taiwan · Technology
In shortTSMC (台積電) is profitable, generates cash and holds more cash than debt, with revenue growing (+31.6% last year).
Financial health
Strong
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 50.8% | 100/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 45.1% | 100/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 35.4% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 25.2% | 100/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 2.62× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.19× | 100/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 156.51× | 100/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 7.99 | 100/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 26.3% | 100/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.58× | 35/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 18.3% | 43/100 |
| Operating margin volatility | 4.3% | 70/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 18.9% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | 19.1% | 100/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
1 older year available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
TWD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 1,587,415 | 2,263,891 | 2,161,736 | 2,894,308 | 3,809,054 |
| Cost of revenue | 767,878 | 915,536 | 986,625 | 1,269,954 | 1,527,760 |
| Gross profit | 819,537 | 1,348,355 | 1,175,111 | 1,624,354 | 2,281,294 |
| Research & development | 124,735 | 163,262 | 182,370 | 204,182 | 246,427 |
| Operating income | 649,981 | 1,121,279 | 921,466 | 1,322,053 | 1,936,092 |
| Interest expense | 5,414 | 11,750 | 11,999 | 10,495 | 12,370 |
| Pre-tax income | 663,126 | 1,144,191 | 979,171 | 1,405,839 | 2,041,663 |
| Income tax | 66,053 | 127,290 | 141,404 | 233,407 | 326,266 |
| Net income | 596,540 | 1,016,530 | 838,498 | 1,173,268 | 1,717,883 |
| Diluted EPS | TWD23.01 | TWD39.20 | TWD32.34 | TWD45.25 | TWD66.25 |
1 older year available with the 10-year history. Essential plan, from €8.25/month →
7.99 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
8/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: MOPS (mops.twse.com.tw). Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated –