GFS vs TSM vs MTSI Stock Comparison

Globalfoundries, Taiwan Semiconductor Manufacturing and MACOM Technology Solutions Holdings Prices as of Oct 28, 2026 Peers: Industry group
GFS GLOBALFOUNDRIES Inc.
$46.11 -3.5% 1M +33.1% 1Y
Market cap
$25.63B
P/E
35.7x
Revenue (TTM)
$6.94B
Div. yield
0.52%
Semiconductor Manufacturing Technology
1 win

Head to Head

12 decided of 12

Taiwan Semiconductor Manufacturing leads on 9 of the 12 questions below (Taiwan Semiconductor Manufacturing 9, MACOM Technology Solutions Holdings 2, Globalfoundries 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionGFSTSMMTSILeader
Larger companyMarket capitalisation $25.63B $2.28T $19.93B TSM
Cheaper on earningsLower P/E, profitable companies only 35.7x 29.0x 82.7x TSM
Cheaper on forward earningsLower price / next fiscal year consensus EPS 25.3x 26.1x 45.9x GFS
Faster revenue growthRevenue growth, trailing twelve months +1.4% +34.4% +28.4% TSM
More profitableNet margin, trailing twelve months 10.3% 55.0% 20.7% TSM
Better return on capitalReturn on invested capital 5.1% 33.4% 9.8% TSM
Less leveragedLower net debt / EBITDA -0.6x -1.0x -1.2x MTSI
Higher dividend yieldTrailing dividend yield 0.52% 0.87% — TSM
Better 1-year returnPrice return, last 12 months +33.1% +45.8% +76.4% MTSI
Better 5-year returnAnnualised price return, 5 years -1.1%/yr +31.1%/yr +30.2%/yr TSM
Less volatileAnnualised volatility, 1 year 60.3% 39.2% 66.2% TSM
Higher overall scoreMean of the five percentile scores vs peers 61/100 75/100 58/100 TSM

Percentile Scorecard

GFSTSMMTSI

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisGFSTSMMTSI
Valuation 94 #7 of 94 68 #31 of 94 30 #66 of 94
Growth 36 #59 of 92 87 #13 of 92 81 #18 of 92
Profitability 57 #39 of 90 93 #7 of 90 70 #28 of 90
Financial Health 46 #54 of 99 69 #31 of 99 51 #49 of 99
Shareholder Returns 74 #20 of 73 56 #33 of 73 57 #32 of 73
Overall 61 75 58
  • GFS ranked among 103 companies in Semiconductors
  • TSM ranked among 103 companies in Semiconductors
  • MTSI ranked among 103 companies in Semiconductors

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodGFSTSMMTSISPY
1 month -3.5%-2.9%-6.3% +0.9%
3 months -2.0%+17.3%+14.1% +5.9%
6 months -26.5%+11.6%-3.2% +8.5%
Year to date +32.0%+44.6%+52.3% +13.3%
1 year +33.1%+45.8%+76.4% +12.4%
3 years -11.3%+411.2%+262.4% +88.1%
3 years, per year -3.9%+72.3%+53.6% +23.5%
5 years -5.4%+286.6%+273.7% +68.2%
5 years, per year -1.1%+31.1%+30.2% +11.0%
10 years —+1,328.6%+614.8% +263.4%
10 years, per year —+30.5%+21.7% +13.8%

Risk

MeasureGFSTSMMTSISPY
Volatility, 1Y 60.3%39.2%66.2% 12.7%
Downside volatility, 1Y 59.7%39.1%76.0% 12.7%
Beta vs S&P 500, 1Y 2.182.142.38 1.00
Return / volatility, 1Y 0.551.171.15 0.98
Max drawdown, 5Y -61.5%-57.1%-44.9% -25.4%
From 52-week high -48.7%-9.5%-36.3% -0.9%
52-week high $89.96$485.91$409.68 $779.14
52-week low $32.24$275.06$144.13 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleGFSTSMMTSI
P/E now vs peer median 35.7xmedian 46.0x 29.0xmedian 46.0x 82.7xmedian 46.0x
P/S now vs peer median 3.7xmedian 7.9x 15.9xmedian 7.9x 17.1xmedian 7.9x
EV/EBITDA now vs peer median 11.9xmedian 28.3x 21.4xmedian 28.3x 71.2xmedian 28.3x
P/FCF now vs peer median 32.2xmedian 41.4x 27.0xmedian 41.4x 97.6xmedian 41.4x
P/B now vs peer median 2.2xmedian 4.6x 11.3xmedian 4.6x 12.9xmedian 4.6x
PEG now vs peer median -1.62median 2.30 0.81median 2.30 -7.84median 2.30

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsGFSTSMMTSI
Revenue $6.94B $142.94B $1.16B
Gross profit $1.88B $91.71B $658.07M
Operating income $804.00M $80.08B $210.84M
Net income $720.00M $74.55B $240.93M
Free cash flow $796.00M $84.59B $204.08M
R&D $563.00M $8.68B $272.63M
EPS (diluted) $1.28 $15.16 $3.07
Cash & equivalents $1.09B $98.36B $89.60M
Total debt $1.12B $22.36B $1.68B
Shares (diluted) 558.00M 5.19B 78.41M
Enterprise value $13.99B $1.91T $17.04B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricGFSTSMMTSI
P/E 35.7x 29.0x 82.7x
P/FCF 32.2x 27.0x 97.6x
P/Operating cash flow 13.4x 27.0x 73.5x
P/S 3.7x 15.9x 17.1x
P/B 2.2x 11.3x 12.9x
P/Tangible book 2.2x 11.3x 13.5x
EV/EBITDA 11.9x 21.4x 71.2x
EV/EBIT 30.3x 27.2x 93.0x
EV/Revenue 3.5x 15.3x 16.8x
EV/FCF 30.6x 25.8x 96.1x
EV/Operating cash flow 12.7x 25.8x 72.3x
PEG (3Y EPS CAGR) -1.62 0.81 -7.84

Growth

14 metrics
MetricGFSTSMMTSI
Revenue growth (1Y) 1.4% 34.4% 28.4%
Revenue CAGR (3Y) -4.1% 25.3% 19.8%
Gross profit growth (1Y) 15.8% 47.2% 32.5%
Gross profit CAGR (3Y) -6.2% 29.2% 17.3%
Operating income growth (1Y) 575.7% 52.1% 79.3%
Operating income CAGR (3Y) -12.7% 32.0% 17.8%
Net income growth (1Y) 742.9% 57.8% 444.6%
Net income CAGR (3Y) -21.6% 33.5% -7.7%
EPS growth (1Y) 717.0% 80.8% 433.4%
EPS CAGR (3Y) -22.1% 35.6% -10.5%
Operating cash flow growth (1Y) 20.2% 27.1% 18.9%
Operating cash flow CAGR (3Y) -4.4% 21.4% 15.4%
Free cash flow growth (1Y) -18.1% 27.1% 1.8%
Free cash flow CAGR (3Y) -16.2% 21.4% 10.8%

Profitability

14 metrics
MetricGFSTSMMTSI
Gross margin 27.1% 64.2% 56.5%
EBITDA margin 29.5% 71.4% 23.6%
Operating margin 11.6% 56.0% 18.1%
Pretax margin 12.6% 60.0% 24.6%
Net margin 10.3% 55.0% 20.7%
FCF margin 11.5% 59.2% 17.5%
Operating cash flow margin 27.6% 59.2% 23.3%
Return on equity 6.1% 37.3% 16.3%
Return on assets 4.3% 7.1% 11.6%
Return on invested capital 5.1% 33.4% 9.8%
Return on capital employed 5.5% 8.4% 13.4%
Asset turnover 0.4x 0.1x 0.6x
Cash conversion (OCF / net income) 2.7x 1.1x 1.1x
Stock comp / revenue 3.4% 0.0% 7.2%

Financial Health

11 metrics
MetricGFSTSMMTSI
Debt / assets 6.6% 2.3% 15.9%
Debt / equity 0.1x 0.0x 0.2x
Net debt / EBITDA -0.6x -1.0x -1.2x
Debt / FCF 1.4x 0.1x 1.7x
Liabilities / assets 30.0% 31.4% 28.2%
Equity / assets 70.0% 68.6% 71.8%
Interest coverage – 191.8x –
Current ratio 2.5x 2.5x 2.3x
Quick ratio 1.4x 2.0x 1.7x
Cash ratio 1.1x 1.8x 1.3x
Altman Z-score 2.82 17.94 20.94

Shareholder Returns

7 metrics
MetricGFSTSMMTSI
Dividend yield 0.5% 0.9% –
Net buyback yield 1.6% – 0.2%
Shareholder yield 2.1% 0.9% 0.2%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusGFSTSMMTSI
Forward P/E 25.3xFY2026 26.1xFY2026 45.9xFY2026
EPS, next fiscal year $1.82FY2026 $16.82FY2026 $5.69FY2026
EPS growth, next FY +5.8%FY2026 +60.3%FY2026 +64.0%FY2026
EPS growth, the year after +33.5% +40.1% +42.9%
Revenue, next fiscal year $6.96BFY2026 $178.59BFY2026 $1.35BFY2026
Revenue growth, next FY +2.6%FY2026 +48.0%FY2026 +39.4%FY2026
Revenue growth, the year after +23.0% +41.0% +42.5%
GFS estimates →TSM estimates →MTSI estimates →

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersGFSTSMMTSI
Held by institutions 98.4% 14.8% 95.8%
Institutions holding 438 3,570 652
Change in shares held, QoQ -3.0% -0.6% -1.3%
Institutions buying 305 1,904 396
Institutions selling 88 1,292 189
Buyers to sellers 3.47 1.47 2.10
GFS holders →TSM holders →MTSI holders →

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

GFSTSMMTSI
GFS 1.00 0.49 0.61
TSM 0.49 1.00 0.61
MTSI 0.61 0.61 1.00

Add a Peer

Largest companies in the same industry
GFS · Semiconductor Manufacturing
+MUMicron Technology +INTCIntel +TXNTexas Instruments +ADIAnalog Devices +NXPINXP Semiconductors +UMCUnited Microelectronics +MCHPMicrochip Technology +STMSTMicroelectronics
Plot all 25 Semiconductor Manufacturing stocks →

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Frequently Asked Questions

Which is bigger, GFS, TSM and MTSI?

Taiwan Semiconductor Manufacturing (TSM) is the largest by market capitalisation: Globalfoundries (GFS) $25.63B, Taiwan Semiconductor Manufacturing (TSM) $2.28T, MACOM Technology Solutions Holdings (MTSI) $19.93B.

Which stock is cheaper, GFS, TSM and MTSI?

Taiwan Semiconductor Manufacturing (TSM) trades on the lowest price-to-earnings ratio (Globalfoundries (GFS) 35.7x, Taiwan Semiconductor Manufacturing (TSM) 29.0x, MACOM Technology Solutions Holdings (MTSI) 82.7x). On next year's consensus earnings, Globalfoundries (GFS) is cheapest (Globalfoundries (GFS) 25.3x, Taiwan Semiconductor Manufacturing (TSM) 26.1x, MACOM Technology Solutions Holdings (MTSI) 45.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Taiwan Semiconductor Manufacturing (TSM) grew revenue fastest over the trailing twelve months: Globalfoundries (GFS) +1.4%, Taiwan Semiconductor Manufacturing (TSM) +34.4%, MACOM Technology Solutions Holdings (MTSI) +28.4%.

Which company is more profitable?

Taiwan Semiconductor Manufacturing (TSM) has the highest net margin (Globalfoundries (GFS) 10.3%, Taiwan Semiconductor Manufacturing (TSM) 55.0%, MACOM Technology Solutions Holdings (MTSI) 20.7%). On return on invested capital, Taiwan Semiconductor Manufacturing (TSM) leads (Globalfoundries (GFS) 5.1%, Taiwan Semiconductor Manufacturing (TSM) 33.4%, MACOM Technology Solutions Holdings (MTSI) 9.8%).

Which stock has performed better?

Over the past year MACOM Technology Solutions Holdings (MTSI) returned the most: Globalfoundries (GFS) +33.1%, Taiwan Semiconductor Manufacturing (TSM) +45.8%, MACOM Technology Solutions Holdings (MTSI) +76.4%. Over five years, Taiwan Semiconductor Manufacturing (TSM) compounded fastest (Globalfoundries (GFS) -1.1%/yr, Taiwan Semiconductor Manufacturing (TSM) +31.1%/yr, MACOM Technology Solutions Holdings (MTSI) +30.2%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Taiwan Semiconductor Manufacturing (TSM) has the highest dividend yield: Globalfoundries (GFS) 0.52%, Taiwan Semiconductor Manufacturing (TSM) 0.87%. MACOM Technology Solutions Holdings (MTSI) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Taiwan Semiconductor Manufacturing (TSM) has been the steadiest (Globalfoundries (GFS) 60.3%, Taiwan Semiconductor Manufacturing (TSM) 39.2%, MACOM Technology Solutions Holdings (MTSI) 66.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, GFS, TSM and MTSI?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Taiwan Semiconductor Manufacturing (TSM) leads on 9. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.