Taiwan Semiconductor Manufacturing (TSM) Return on Invested Capital [ROIC] (2009 - 2026)
Taiwan Semiconductor Manufacturing (TSM) reported Return on Invested Capital [ROIC] of 33.38% for Q2 2026, up 4.80 percentage points from 28.58% a year earlier and up 1.34 percentage points from the prior quarter.
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Analysis
Taiwan Semiconductor Manufacturing (TSM) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Taiwan Semiconductor Manufacturing posted Return on Invested Capital [ROIC] of 33.21%, up 6.08 percentage points from FY2024.
- Return on Invested Capital [ROIC] has a five-year change of +5.75 percentage points (FY2020 to FY2025).
- By year, Return on Invested Capital [ROIC] came in at 27.13% in FY2024 (+1.95 pp), 25.18% in FY2023 (-10.58 pp), 35.76% in FY2022 (+7.93 pp) and 27.83% in FY2021 (+0.37 pp).
- The Q2 2026 figure ranks as the highest quarterly Return on Invested Capital [ROIC] since Q3 2014.
- Year over year, Return on Invested Capital [ROIC] has now increased in each of the last eight quarters, with an average year-over-year change of +5.87 percentage points over the last eight quarters.
- The high point for year-over-year Return on Invested Capital [ROIC] in five years was Q2 2025 (a gain of 13.54 percentage points); the low point was Q4 2023 (a drop of 8.74 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 32.05% (Q1 2026), 24.55% (Q4 2025) and 23.66% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | SK hynix | 24,980.27 Bn | 24,964.04 Bn | 43.99 Bn | - |
| 2 | Taiwan Semiconductor Manufacturing | 10,337.48 Bn | 9,919.73 Bn | 31.04 Bn | 34.41% |
| 3 | Nvidia | 3,939.34 Bn | 3,713.50 Bn | 72.14 Bn | 71.14% |
| 4 | Broadcom | 1,653.85 Bn | 1,579.89 Bn | 20.46 Bn | 25.97% |
| 5 | Micron Technology | 880.27 Bn | 785.91 Bn | 47.05 Bn | 67.70% |
| 6 | Advanced Micro Devices | 875.86 Bn | 824.07 Bn | 7.21 Bn | 10.50% |
| 7 | Asml Holding | 576.26 Bn | 531.95 Bn | 5.90 Bn | - |
| 8 | Intel | 316.79 Bn | 179.50 Bn | 7.10 Bn | 1.05% |
| 9 | Applied Materials | 294.03 Bn | 294.03 Bn | 5.25 Bn | - |
| 10 | Lam Research | 282.21 Bn | 258.26 Bn | 4.30 Bn | 49.61% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 34.41% |
| Jun 30, 2026 | 33.38% |
| Mar 31, 2026 | 32.05% |
| Dec 31, 2025 | 30.05% |
| Sep 30, 2025 | 29.21% |
| Jun 30, 2025 | 28.58% |
| Mar 31, 2025 | 28.05% |
| Dec 31, 2024 | 26.47% |
| Sep 30, 2024 | 24.93% |
| Jun 30, 2024 | 23.77% |
| Mar 31, 2024 | 22.93% |
| Dec 31, 2023 | 23.69% |
| Sep 30, 2023 | 25.77% |
| Jun 30, 2023 | 28.86% |
| Mar 31, 2023 | 32.37% |
| Dec 31, 2022 | 35.72% |
| Sep 30, 2022 | 34.05% |
| Jun 30, 2022 | 30.10% |
| Mar 31, 2022 | 27.40% |
| Dec 31, 2021 | 25.86% |
API Access
Taiwan Semiconductor Manufacturing Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=TSM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "TSM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=TSM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();