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UMC · NYSE · United States · Semiconductors & Related Devices
In shortUNITED MICROELECTRONICS CORP is profitable, generates cash and holds more cash than debt, with revenue growing (+4.4% last year).
Financial health
Solid
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. | 22.2% | 91/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 21.0% | 100/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 13.8% | 69/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 10.9% | 73/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 2.45× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.11× | 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. | 29.39× | 100/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | – | n/a |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 2.3% | 29/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.11× | 0/100 |
| Years with positive free cash flow (last 5) | 4 of 5 | 75/100 |
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 | 19.8% | 38/100 |
| Operating margin volatility | 9.0% | 28/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 2.9% | 33/100 |
|---|---|---|
| EPS growth, 3-year average | -2.0% | 15/100 |
Weight in the score: 10%
Fiscal year 2024 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years 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 | FY20 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|
| Revenue | 176,821 | 213,011 | 278,705 | 222,533 | 232,303 |
| Cost of revenue | 137,824 | 140,961 | 152,941 | 144,789 | 156,649 |
| Gross profit | 38,997 | 72,050 | 125,764 | 77,744 | 75,654 |
| Research & development | 12,896 | 12,935 | 12,954 | 13,284 | 15,616 |
| Operating income | 21,931 | 51,686 | 104,292 | 57,891 | 51,613 |
| Interest expense | 2,073 | 1,963 | 1,866 | 1,570 | 1,756 |
| Pre-tax income | 22,543 | 58,496 | 109,626 | 68,450 | 57,045 |
| Income tax | 1,691 | 7,918 | 19,327 | 8,311 | 8,370 |
| Net income | 22,861 | 51,246 | 89,479 | 59,689 | 48,779 |
| Diluted EPS | TWD1.87 | TWD4.19 | TWD7.16 | TWD4.82 | TWD3.94 |
| Diluted shares (millions) | 12,250 | 12,245 | 12,490 | 12,382 | 12,365 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
Not computed: a required balance-sheet item is missing.
7/9
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: SEC EDGAR. 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 Apr 24, 2025