Taiwan Semiconductor Manufacturing Company Limited vs TEXAS INSTRUMENTS INCORPORATED, two Semiconductors stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
TSMC earns 17.3% on assets fabricating the world's advanced chips; Texas Instruments earns 15.6% making analog parts in mature fabs, and the near-tie is the surprise, given the first is the most strategically contested manufacturer alive and the second a steady industrial supplier. Returns on equity favor TI, 32% to 27.1%, with a turn of leverage helping. The margins rank the franchises properly: 45.3% operating at TSMC against 37.5%. The multiples price geography and glory, 63.5 times against 48.8, with TI paying a 1.9% dividend TSMC's ADR line does not show. Two of the industry's finest, priced 15 turns apart, earning within two points of each other on the capital that matters.
Comparison updated 2026-07-10.
| Metric | TSM | TXN |
|---|---|---|
| Price | $431.91 | $285.42 |
| Market cap | $2.24T | $260.9B |
| Sector | Semiconductors | Semiconductors |
| Stage | Growth | Growth |
| P/E | 63.5 | 48.8 |
| P/B | 17.16 | 15.55 |
| P/S | 25.15 | 14.15 |
| EV/EBITDA | 53.9 | 38.7 |
| Revenue growth | +22.6% | +14.9% |
| Gross margin | 55.6% | 58.0% |
| Operating margin | 45.3% | 37.5% |
| Net margin | 39.6% | 29.1% |
| Return on equity | 27.1% | 32.0% |
| Return on assets | 17.3% | 15.6% |
| Return on invested capital | 25.4% | 18.3% |
| FCF yield | 1.2% | 1.4% |
| Dividend yield | — | 1.9% |
| Debt / equity | 0.00 | 0.91 |
| Current ratio | 2.36 | 4.46 |
| Altman Z (solvency) | 8.22 | 9.22 |
| Piotroski F (quality) | 7 / 9 | 6 / 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.