Taiwan Semiconductor Manufacturing Company Limited

TSMNYSETechnology● Active

$415.17

$-29.75(-6.69%)

Market Cap$2.15T

P/E Ratio—

52W High$450.16

52W Low$202.28

Avg Volume13.6M

Open$429.77

Beta1.25

Overview

Taiwan Semiconductor Manufacturing Company Limited (TSM) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

TSM · free cash flow · updated Jun 8, 2026

Core FCF metrics

TSM · FCF · TTM · margin & CAGR

Free cash flow was $1.10T for FY2025 (fiscal year ending 2025-12-31), up 26.1% year-over-year The FCF margin was 28.5%. Five-year CAGR stands at +29.5%.

FY2025 Free Cash Flow$1.10T▲ +26.1% YoY

Trailing 12M (TTM)$1.10Ttrailing 4 quarters sum

FCF Margin28.5%$1.10T ÷ revenue

3-Year CAGR+28.2%FY2022 → FY2025

5-Year CAGR+29.5%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

TSM · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$2.38T(1285.59B)$1.10T▲ +26.1%28.5%

FY2024$1.83T(956.01B)$870.17B▲ +203.7%30.1%

FY2023$1.24T(955.40B)$286.57B▼ 45.0%13.3%

FY2022$1.61T(1089.63B)$520.97B▲ +98.3%23.0%

FY2021$1.11T(849.44B)$262.72B▼ 12.8%16.6%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

TSM · P/FCF · FCF yield · FCF per share

Taiwan Semiconductor Manufacturing Company Limited (TSM) trades at a FCF yield of 1.71% and a price-to-free-cash-flow ratio of 2.0x. FCF per share stands at $212.54, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

1.71%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$212.54

TTM FCF ÷ Shares Outstanding

Price / FCF

x2.0

Share Price ÷ FCF per Share

EV / FCF (TTM)

x56.5

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

TSM · cash flow statement · operating / investing / financing

For FY2025, Taiwan Semiconductor Manufacturing Company Limited generated $2.38T in operating cash flow and spent 1285.59B in capital expenditures, yielding $1.10T in free cash flow.

Operating Activities

+$2.38T

Cash from core business operations

2025-12-31

Investing Activities

−$1.26T

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$425.58B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($2.38T) − |CapEx| (1285.59B) = FCF ($1.10T)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

TSM vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Taiwan Semiconductor Manufacturing Company LimitedYOU

TSM

$1.10T+26.1%28.5%

100%

Microsoft Corporation

Micron Technology, Inc.

$1.67B+1278.5%4.5%

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Taiwan Semiconductor Manufacturing Company Limited (TSM) reported free cash flow of $1.10T for FY2025 (fiscal year ending 2025-12-31), up 26.1% year-over-year. The FCF margin was 28.5%.

Based on available data, Taiwan Semiconductor Manufacturing Company Limited has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $1.10T in FY2025. The 5-year CAGR stands at +29.5%.

Taiwan Semiconductor Manufacturing Company Limited's FCF yield is 1.71% and price-to-FCF ratio is 2.0x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

TSM free cash flow · 8 questions

Taiwan Semiconductor Manufacturing Company Limited free cash flow was $1.10T for FY2025, up 26.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.10T.

TSM free cash flowTSM FCFTSM FCF 2025TSM free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Taiwan Semiconductor Manufacturing Company Limited · Taiwan Semiconductor Manufacturing Company Limited SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026