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Taiwan Semiconductor Manufacturing stock: key metrics
TSMTaiwan Semiconductor Manufacturing had an operating margin of 50.8% and a return on invested capital (ROIC) of 52.1% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2006 | 49.1% | 40.1% | 40.0% |
| 2007 | 44.1% | 34.2% | 33.8% |
| 2008 | 42.5% | 31.3% | 30.0% |
| 2009 | 43.7% | 31.1% | 30.2% |
| 2010 | 49.4% | 37.9% | 38.5% |
| 2011 | 45.4% | 33.2% | 31.4% |
| 2012 | 48.2% | 35.8% | 31.5% |
| 2013 | 47.1% | 35.2% | 30.8% |
| 2014 | 49.5% | 38.8% | 33.3% |
| 2015 | 48.7% | 37.9% | 35.9% |
| 2016 | 50.1% | 39.9% | 35.0% |
| 2017 | 50.6% | 39.4% | 35.3% |
| 2018 | 48.3% | 37.2% | 35.2% |
| 2019 | 46.0% | 34.8% | 33.1% |
| 2020 | 53.1% | 42.3% | 38.1% |
| 2021 | 51.6% | 40.9% | 37.3% |
| 2022 | 59.6% | 49.5% | 43.9% |
| 2023 | 54.4% | 42.6% | 39.4% |
| 2024 | 56.1% | 45.7% | 40.0% |
| 2025 | 59.9% | 50.8% | 44.6% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2006 | 28.4% | 46.3% | 21.4% |
| 2007 | 22.4% | 33.8% | 19.1% |
| 2008 | 21.0% | 30.1% | 17.9% |
| 2009 | 18.0% | 28.7% | 15.0% |
| 2010 | 28.1% | 40.9% | 22.5% |
| 2011 | 21.5% | 27.3% | 17.2% |
| 2012 | 22.4% | 26.3% | 16.6% |
| 2013 | 22.1% | 23.9% | 14.6% |
| 2014 | 24.9% | 30.2% | 17.0% |
| 2015 | 25.4% | 32.7% | 18.3% |
| 2016 | 24.4% | 35.5% | 17.6% |
| 2017 | 23.1% | 33.2% | 17.3% |
| 2018 | 21.9% | 32.1% | 17.4% |
| 2019 | 21.9% | 28.9% | 15.6% |
| 2020 | 27.8% | 37.9% | 18.5% |
| 2021 | 27.6% | 37.4% | 15.9% |
| 2022 | 34.2% | 49.7% | 20.0% |
| 2023 | 24.8% | 32.6% | 15.4% |
| 2024 | 27.3% | 39.3% | 17.3% |
| 2025 | 31.7% | 52.1% | 21.4% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = NT$32.8500)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 31 May 2022)
- Valuation signal Fairly valued since 7 Nov 2026, previously Undervalued
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.