Broadcom Inc. vs Taiwan Semiconductor Manufacturing Company Limited, two Semiconductors stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Broadcom currently keeps more of each dollar than the foundry that fabricates for it, a 69.5% gross margin against TSMC's 55.6%, though TSMC wins at the bottom line, 39.6% net to 37.8%. These are the two ways to tax the AI buildout: own the designs and the software layer, or own the only fabs that can make the parts. The market can barely choose, 60.8 and 63.5 times earnings. TSMC runs debt-free where Broadcom carries 0.77 to equity, and Broadcom pays the small dividend, 0.7%. Two tollbooths on the same highway, priced within a rounding error of each other.
Comparison updated 2026-07-10.
| Metric | AVGO | TSM |
|---|---|---|
| Price | $365.26 | $431.91 |
| Market cap | $1.78T | $2.24T |
| Sector | Semiconductors | Semiconductors |
| Stage | Mature | Growth |
| P/E | 60.8 | 63.5 |
| P/B | 20.31 | 17.16 |
| P/S | 23.60 | 25.15 |
| EV/EBITDA | 55.6 | 53.9 |
| Revenue growth | +31.9% | +22.6% |
| Gross margin | 69.5% | 55.6% |
| Operating margin | 48.6% | 45.3% |
| Net margin | 37.8% | 39.6% |
| Return on equity | 32.5% | 27.1% |
| Return on assets | 15.9% | 17.3% |
| Return on invested capital | 19.4% | 25.4% |
| FCF yield | 1.8% | 1.2% |
| Dividend yield | 0.7% | — |
| Debt / equity | 0.77 | 0.00 |
| Current ratio | 2.24 | 2.36 |
| Altman Z (solvency) | 6.87 | 8.22 |
| Piotroski F (quality) | 7 / 9 | 7 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.