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ASML vs. TSM: ASML vs. TSMC Stock Comparison

How do ASML (ASML) and TSMC (TSM) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

ASML (ASML) and TSMC (TSM) both belong to the Semiconductors & Semiconductor Equipment industry, though ASML is classified under Semiconductor Materials & Equipment while TSM falls under Semiconductors.

Both ASML (ASML) and TSMC (TSM) trade as ADRs — their core financials are comparable, but keep FX, depositary-program fees, and dividend withholding in view for each.

Company profile comparison for ASML (ASML) and TSMC (TSM)
Profile ItemASMLTSM
NameASML Holding N.V. New York Registry SharesTaiwan Semiconductor Manufacturing Co. Ltd. ADR
Country/RegionNetherlandsTaiwan
GICS SectorInformation TechnologyInformation Technology
GICS Industry GroupSemiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment
GICS Sub-IndustrySemiconductor Materials & EquipmentSemiconductors
Market Capitalization677.46 billion USD2,172.87 billion USD
CurrencyUSDUSD
ExchangeNasdaqNYSE
Listing DateMarch 15, 1995October 9, 1997
Security TypeADRADR

Price Performance

Cumulative Growth

ASML
TSM
GSPC
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ASML (ASML) vs. TSMC (TSM), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for ASML (ASML) and TSMC (TSM). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for ASML (ASML) and TSMC (TSM). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for ASML (ASML) and TSMC (TSM)
MetricASMLTSM
Total Return (1Y)141.42%86.33%
Total Return (3Y, Annualized)39.75%67.78%
Total Return (5Y, Annualized)18.59%33.27%

Risk Profile

Drawdown History

ASML
TSM
GSPC
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ASML (ASML) vs. TSMC (TSM), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for ASML (ASML) and TSMC (TSM). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for ASML (ASML) and TSMC (TSM)
MetricASMLTSM
Volatility (1Y, Annualized)46.45%40.41%
Beta (5Y)1.791.39
Max Drawdown (5Y)-56.86%-56.47%
Avg. Volume (3M)1.87M13.44M

Risk-Adjusted Performance

Risk-Return Positioning

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ASML and TSM are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for ASML (ASML) and TSMC (TSM)
MetricASMLTSM
Sharpe Ratio (1Y)2.962.04
Sortino Ratio (1Y)4.723.17

Profitability

ROE (TTM)

Both companies show strong equity returns, but ASML (ASML) at 53.94% is the standout with ROE above its industry range; TSMC (TSM) at 39.97% also sits in the top quartile.

ASML

Semiconductors & Semiconductor Equipment industry group

53.94%

ASML
53.94%
Max
41.07%
Q3
18.60%
Median
8.31%
Q1
-3.63%
Min
-21.32%

TSM

Semiconductors & Semiconductor Equipment industry group

39.97%

Max
41.07%
TSM
39.97%
Q3
18.60%
Median
8.31%
Q1
-3.63%
Min
-21.32%
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ASML (ASML) vs. TSMC (TSM): A comparison of their ROE against the Semiconductors & Semiconductor Equipment industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both ASML (ASML) at 30.11% and TSMC (TSM) at 49.92% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

ASML

Semiconductors & Semiconductor Equipment industry group

30.11%

Max
57.64%
ASML
30.11%
Q3
23.05%
Median
9.48%
Q1
-0.27%
Min
-34.50%

TSM

Semiconductors & Semiconductor Equipment industry group

49.92%

Max
57.64%
TSM
49.92%
Q3
23.05%
Median
9.48%
Q1
-0.27%
Min
-34.50%
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ASML (ASML) vs. TSMC (TSM): A comparison of their net margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Operating Margin (TTM)

TSMC (TSM) at 60.34% shows unusually strong operating efficiency — above its industry’s operating margin range — and ASML (ASML) at 37.06% also operates in the top quartile.

ASML

Semiconductors & Semiconductor Equipment industry group

37.06%

Max
48.99%
ASML
37.06%
Q3
23.49%
Median
13.09%
Q1
2.22%
Min
-27.51%

TSM

Semiconductors & Semiconductor Equipment industry group

60.34%

TSM
60.34%
Max
48.99%
Q3
23.49%
Median
13.09%
Q1
2.22%
Min
-27.51%
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ASML (ASML) vs. TSMC (TSM): A comparison of their operating margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for ASML (ASML) and TSMC (TSM)
MetricASMLTSM
ROE (TTM)53.94%39.97%
ROA (TTM)16.45%19.00%
Net Margin (TTM)30.11%49.92%
Operating Margin (TTM)37.06%60.34%
Gross Margin (TTM)52.73%64.23%

Growth

Revenue Growth

TSMC (TSM) at 31.61% sits in the top revenue growth quartile, while ASML (ASML) at 15.58% is closer to the peer norm — faster top-line expansion for TSM.

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ASML (ASML) vs. TSMC (TSM): A comparison of their Revenue Growth across different time periods.

EPS Growth

TSMC (TSM) at 44.69% sits in the top EPS growth quartile, while ASML (ASML) at 28.43% is closer to the peer norm — faster per-share earnings growth for TSM.

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ASML (ASML) vs. TSMC (TSM): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for ASML (ASML) and TSMC (TSM)
MetricASMLTSM
Revenue Growth (YoY)15.58%31.61%
Revenue Growth (3Y CAGR)15.55%18.94%
EPS Growth (YoY)28.43%44.69%
EPS Growth (3Y CAGR)15.42%18.65%

Financial Strength

Current Ratio (MRQ)

TSMC (TSM) at 2.46 keeps current ratio within its industry’s typical mid-range, while ASML (ASML) at 1.33 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for ASML.

ASML

Semiconductors & Semiconductor Equipment industry group

1.33

Max
9.75
Q3
5.29
Median
3.43
Q1
2.31
ASML
1.33
Min
1.07

TSM

Semiconductors & Semiconductor Equipment industry group

2.46

Max
9.75
Q3
5.29
Median
3.43
TSM
2.46
Q1
2.31
Min
1.07
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ASML (ASML) vs. TSMC (TSM): A comparison of their current ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Debt / Equity (MRQ)

Both ASML (ASML) at 0.09 and TSMC (TSM) at 0.17 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

ASML

Semiconductors & Semiconductor Equipment industry group

0.09

Max
1.44
Q3
0.65
Median
0.19
ASML
0.09
Q1
0.05
Min
0.00

TSM

Semiconductors & Semiconductor Equipment industry group

0.17

Max
1.44
Q3
0.65
Median
0.19
TSM
0.17
Q1
0.05
Min
0.00
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ASML (ASML) vs. TSMC (TSM): A comparison of their debt-to-equity ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for ASML (ASML) and TSMC (TSM)
MetricASMLTSM
Current Ratio (MRQ)1.332.46
Debt / Equity (MRQ)0.090.17
Net Debt / EBITDA-0.41-0.77

Dividends

Dividend Yield (TTM)

ASML (ASML) at 0.25% pays an industry-typical yield; TSMC (TSM) at 6.25% is above its entire peer range — the higher number, but one that calls for a look at payout sustainability before treating it as an advantage.

ASML

Semiconductors & Semiconductor Equipment industry group

0.25%

Max
0.80%
Q3
0.33%
ASML
0.25%
Median
0.00%
Q1
0.00%
Min
0.00%

TSM

Semiconductors & Semiconductor Equipment industry group

6.25%

TSM
6.25%
Max
0.80%
Q3
0.33%
Median
0.00%
Q1
0.00%
Min
0.00%
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ASML (ASML) vs. TSMC (TSM): A comparison of their dividend yield against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

Both ASML (ASML) at 29.72% and TSMC (TSM) at 25.74% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

ASML

Semiconductors & Semiconductor Equipment industry group

29.72%

Max
45.89%
ASML
29.72%
Q3
18.55%
Median
0.00%
Q1
0.00%
Min
0.00%

TSM

Semiconductors & Semiconductor Equipment industry group

25.74%

Max
45.89%
TSM
25.74%
Q3
18.55%
Median
0.00%
Q1
0.00%
Min
0.00%
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ASML (ASML) vs. TSMC (TSM): A comparison of their payout ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for ASML (ASML) and TSMC (TSM)
MetricASMLTSM
Dividend Yield (TTM)0.25%6.25%
Dividend Payout Ratio (TTM)29.72%25.74%

Valuation

P/E Ratio (TTM)

TSMC (TSM) at 31.24 sits in the cheaper P/E ratio quartile, while ASML (ASML) at 59.53 is closer to its industry’s usual earnings multiple — a discount for TSM, though growth and earnings durability still matter.

ASML

Semiconductors & Semiconductor Equipment industry group

59.53

Max
141.07
Q3
88.69
ASML
59.53
Median
46.52
Q1
32.47
Min
9.98

TSM

Semiconductors & Semiconductor Equipment industry group

31.24

Max
141.07
Q3
88.69
Median
46.52
Q1
32.47
TSM
31.24
Min
9.98
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ASML (ASML) vs. TSMC (TSM): A comparison of their P/E ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/S Ratio (TTM)

TSMC (TSM) at 0.49 looks cheap on sales in the lower P/S ratio quartile, while ASML (ASML) at 19.18 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

ASML

Semiconductors & Semiconductor Equipment industry group

19.18

Max
36.96
ASML
19.18
Q3
17.13
Median
7.65
Q1
3.38
Min
0.01

TSM

Semiconductors & Semiconductor Equipment industry group

0.49

Max
36.96
Q3
17.13
Median
7.65
Q1
3.38
TSM
0.49
Min
0.01
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ASML (ASML) vs. TSMC (TSM): A comparison of their P/S ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/B Ratio (MRQ)

Measured against book value, both ASML (ASML) at 1,475.48 and TSMC (TSM) at 86.24 look expensive — each P/B ratio sits above its industry’s benchmark range.

ASML

Semiconductors & Semiconductor Equipment industry group

1,475.48

ASML
1,475.48
Max
21.84
Q3
11.73
Median
5.57
Q1
2.93
Min
0.04

TSM

Semiconductors & Semiconductor Equipment industry group

86.24

TSM
86.24
Max
21.84
Q3
11.73
Median
5.57
Q1
2.93
Min
0.04
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ASML (ASML) vs. TSMC (TSM): A comparison of their P/B ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for ASML (ASML) and TSMC (TSM)
MetricASMLTSM
P/E Ratio (TTM)59.5331.24
P/S Ratio (TTM)19.180.49
P/B Ratio (MRQ)1,475.4886.24
Free Cash Flow Yield (TTM)1.25%33.63%