TTM
26.6%
YoY change
−1.55pp
Trough year (1997)
-17.5%
Peak year (2003)
57.2%
Latest annual
28.5%
FCF Margin history chart for TSMC (TSM) from 1997 to 2025
Latest: 28.5%
FCF Margin change chart for TSMC (TSM) from 1997 to 2025
Latest: −1.55pp
FCF Margin history table for TSMC (TSM) from 1997 to 2025
| 2025 | 28.5% | -1.55pp | ||
| 2024 | 30.1% | +16.81pp | ||
| 2023 | 13.3% | -9.76pp | ||
| 2022 | 23.0% | +6.46pp | ||
| 2021 | 16.6% | -5.94pp | ||
| 2020 | 22.5% | +8.90pp | ||
| 2019 | 13.6% | -10.78pp | ||
| 2018 | 24.4% | -1.16pp | ||
| 2017 | 25.5% | +3.71pp | ||
| 2016 | 21.8% | -9.97pp | ||
| 2015 | 31.8% | +14.85pp | ||
| 2014 | 16.9% | +7.37pp | ||
| 2013 | 9.6% | +1.08pp | ||
| 2012 | 8.5% | +0.60pp | ||
| 2011 | 7.9% | -1.83pp | ||
| 2010 | 9.7% | -14.70pp | ||
| 2009 | 24.4% | -24.43pp | ||
| 2008 | 48.8% | +17.92pp | ||
| 2007 | 30.9% | -8.86pp | ||
| 2006 | 39.8% | +10.84pp | ||
| 2005 | 28.9% | +0.92pp | ||
| 2004 | 28.0% | -29.22pp | ||
| 2003 | 57.2% | +30.58pp | ||
| 2002 | 26.7% | +23.85pp | ||
| 2001 | 2.8% | +9.04pp | ||
| 2000 | -6.2% | -18.98pp | ||
| 1999 | 12.8% | +17.96pp | ||
| 1998 | -5.2% | +12.30pp | ||
| 1997 | -17.5% | — |
- 202528.5%-1.55pp
- 202430.1%+16.81pp
- 202313.3%-9.76pp
- 202223.0%+6.46pp
- 202116.6%-5.94pp
- 202022.5%+8.90pp
- 201913.6%-10.78pp
- 201824.4%-1.16pp
- 201725.5%+3.71pp
- 201621.8%-9.97pp
- 201531.8%+14.85pp
- 201416.9%+7.37pp
- 20139.6%+1.08pp
- 20128.5%+0.60pp
- 20117.9%-1.83pp
- 20109.7%-14.70pp
- 200924.4%-24.43pp
- 200848.8%+17.92pp
- 200730.9%-8.86pp
- 200639.8%+10.84pp
- 200528.9%+0.92pp
- 200428.0%-29.22pp
- 200357.2%+30.58pp
- 200226.7%+23.85pp
- 20012.8%+9.04pp
- 2000-6.2%-18.98pp
- 199912.8%+17.96pp
- 1998-5.2%+12.30pp
- 1997-17.5%—
FCF Margin values are taken from TSMC's reported income statements (interim 6-K and annual 20-F filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in TWD as filed.
About FCF Margin at TSMC (TSM)
According to TSMC's latest reported financial statements, the company's latest reported free cash flow margin is 26.6%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
In 2025, TSMC (TSM) free cash flow margin totalled 28.52% – contracted 1.5 percentage points year-over-year.
The record annual free cash flow margin stands at 57.24%, reached in 2003; the historical low of -17.50% was recorded in 1997.
TSMC FCF Margin by Year
TSMC FCF Margin 2025: 28.5%
TSMC free cash flow margin in 2025 was 28.52%, contracted 1.5 percentage points from 2024.
TSMC FCF Margin 2024: 30.1%
2024's free cash flow margin for TSMC came in at 30.06%, expanded 16.8 percentage points from 2023.
TSMC FCF Margin 2023: 13.3%
TSMC posted free cash flow margin of 13.26% in 2023, contracted 9.8 percentage points from 2022.
TSMC FCF Margin 2022: 23.0%
In 2022, TSMC reported free cash flow margin of 23.01%, expanded 6.5 percentage points from 2021.
TSMC FCF Margin 2021: 16.6%
TSMC free cash flow margin in 2021 was 16.55%.
See more financial history for TSMC (TSM).
Sector peers by FCF Margin
Technology peers of TSMC (TSM), ranked by their latest free cash flow margin
| 47.0% | |
| 43.4% | |
| 28.6% | |
| 25.5% | |
| 22.9% | |
| 22.9% | |
| 17.7% | |
| -38.6% |
- 47.0%
- 43.4%
- 28.6%
- 25.5%
- 22.9%
- 22.9%
- -38.6%
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