MTSI vs. TSM: MACOM vs. Taiwan Semiconductor Mfg Stock Comparison

November 11, 2026

How do MACOM (MTSI) and Taiwan Semiconductor Mfg (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

MACOM (MTSI) and Taiwan Semiconductor Mfg (TSM) are both classified in the Semiconductors sub-industry within the broader Semiconductors & Semiconductor Equipment industry, placing them in the closest GICS peer bucket.

MACOM (MTSI) trades as ordinary local shares, while Taiwan Semiconductor Mfg (TSM) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for MACOM (MTSI) and Taiwan Semiconductor Mfg (TSM)
Profile Item	MTSI	TSM
Name	MACOM Technology Solutions Holdings, Inc.	Taiwan Semiconductor Manufacturing Company Ltd. ADR
Country/Region	United States	Taiwan
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Semiconductors & Semiconductor Equipment	Semiconductors & Semiconductor Equipment
GICS Industry	Semiconductors & Semiconductor Equipment	Semiconductors & Semiconductor Equipment
GICS Sub-Industry	Semiconductors	Semiconductors
Market Capitalization	16.11 billion USD	1,947.21 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	March 15, 2012	October 9, 1997
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

MTSI

TSM

GSPC

MACOM (MTSI) vs. Taiwan Semiconductor Mfg (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

Loading price history…

Trailing total returns for MACOM (MTSI) and Taiwan Semiconductor Mfg (TSM). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

Calendar-year total returns for MACOM (MTSI) and Taiwan Semiconductor Mfg (TSM). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for MACOM (MTSI) and Taiwan Semiconductor Mfg (TSM)
Metric	MTSI	TSM
Total Return (1Y)	33.29%	37.26%
Total Return (3Y, Annualized)	46.28%	64.12%
Total Return (5Y, Annualized)	25.03%	28.19%

Risk Profile

Drawdown History

MTSI

TSM

GSPC

MACOM (MTSI) vs. Taiwan Semiconductor Mfg (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

Loading price history…

Distribution of monthly total returns for MACOM (MTSI) and Taiwan Semiconductor Mfg (TSM). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for MACOM (MTSI) and Taiwan Semiconductor Mfg (TSM)
Metric	MTSI	TSM
Volatility (1Y, Annualized)	68.69%	41.69%
Beta (5Y)	1.83	1.45
Max Drawdown (5Y)	-53.54%	-56.47%
Avg. Volume (3M)	1.51M	11.20M

Risk-Adjusted Performance

Risk-Return Positioning

MTSI 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 MACOM (MTSI) and Taiwan Semiconductor Mfg (TSM)
Metric	MTSI	TSM
Sharpe Ratio (1Y)	0.42	0.79
Sortino Ratio (1Y)	0.58	1.15

Profitability

ROE (TTM)

Taiwan Semiconductor Mfg (TSM) at 41.86% sits in the top ROE quartile, while MACOM (MTSI) at 22.17% is closer to the peer norm — stronger capital efficiency for TSM.

MTSI

Semiconductors & Semiconductor Equipment industry group

22.17%

Max: 52.82%
Q3: 22.26%
MTSI: 22.17%
Median: 10.58%
Q1: 1.29%
Min: -16.89%

TSM

Semiconductors & Semiconductor Equipment industry group

41.86%

Max: 52.82%
TSM: 41.86%
Q3: 22.26%
Median: 10.58%
Q1: 1.29%
Min: -16.89%

MACOM (MTSI) vs. Taiwan Semiconductor Mfg (TSM): A comparison of their ROE against the Semiconductors & Semiconductor Equipment industry group benchmark.

Net Margin (TTM)

Taiwan Semiconductor Mfg (TSM) at 51.12% retains a top-quartile share of revenue as profit, ahead of MACOM (MTSI) at 25.25%, which keeps about the industry-typical share.

MTSI

Semiconductors & Semiconductor Equipment industry group

25.25%

Max: 63.80%
Q3: 28.36%
MTSI: 25.25%
Median: 11.44%
Q1: 0.90%
Min: -37.77%

TSM

Semiconductors & Semiconductor Equipment industry group

51.12%

Max: 63.80%
TSM: 51.12%
Q3: 28.36%
Median: 11.44%
Q1: 0.90%
Min: -37.77%

MACOM (MTSI) vs. Taiwan Semiconductor Mfg (TSM): A comparison of their net margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Operating Margin (TTM)

Both MACOM (MTSI) at 31.66% and Taiwan Semiconductor Mfg (TSM) at 58.66% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

MTSI

Semiconductors & Semiconductor Equipment industry group

31.66%

Max: 58.66%
MTSI: 31.66%
Q3: 30.23%
Median: 15.91%
Q1: 7.54%
Min: -25.74%

TSM

Semiconductors & Semiconductor Equipment industry group

58.66%

TSM: 58.66%
Max: 58.66%
Q3: 30.23%
Median: 15.91%
Q1: 7.54%
Min: -25.74%

MACOM (MTSI) vs. Taiwan Semiconductor Mfg (TSM): A comparison of their operating margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for MACOM (MTSI) and Taiwan Semiconductor Mfg (TSM)
Metric	MTSI	TSM
ROE (TTM)	22.17%	41.86%
ROA (TTM)	8.66%	20.58%
Net Margin (TTM)	25.25%	51.12%
Operating Margin (TTM)	31.66%	58.66%
Gross Margin (TTM)	58.11%	65.85%

Growth

Revenue Growth

Only one side can be read here: Taiwan Semiconductor Mfg (TSM) reports revenue growth of 31.61%, ranked against its industry; MACOM (MTSI) has no revenue growth figure this period.

MACOM (MTSI) vs. Taiwan Semiconductor Mfg (TSM): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Taiwan Semiconductor Mfg (TSM) reports EPS growth of 46.41%, ranked against its industry; MACOM (MTSI) has no EPS growth figure this period.

MACOM (MTSI) vs. Taiwan Semiconductor Mfg (TSM): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for MACOM (MTSI) and Taiwan Semiconductor Mfg (TSM)
Metric	MTSI	TSM
Revenue Growth (YoY)	--	31.61%
Revenue Growth (3Y CAGR)	--	18.94%
EPS Growth (YoY)	--	46.41%
EPS Growth (3Y CAGR)	49.88%	19.12%

Financial Strength

Current Ratio (MRQ)

Both MACOM (MTSI) at 2.54 and Taiwan Semiconductor Mfg (TSM) at 2.51 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

MTSI

Semiconductors & Semiconductor Equipment industry group

2.54

Max: 10.33
Q3: 5.62
Median: 3.33
MTSI: 2.54
Q1: 2.35
Min: 1.03

TSM

Semiconductors & Semiconductor Equipment industry group

2.51

Max: 10.33
Q3: 5.62
Median: 3.33
TSM: 2.51
Q1: 2.35
Min: 1.03

MACOM (MTSI) vs. Taiwan Semiconductor Mfg (TSM): A comparison of their current ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Debt / Equity (MRQ)

Both MACOM (MTSI) at 0.24 and Taiwan Semiconductor Mfg (TSM) at 0.12 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

MTSI

Semiconductors & Semiconductor Equipment industry group

0.24

Max: 1.46
Q3: 0.65
Median: 0.27
MTSI: 0.24
Q1: 0.04
Min: 0.00

TSM

Semiconductors & Semiconductor Equipment industry group

0.12

Max: 1.46
Q3: 0.65
Median: 0.27
TSM: 0.12
Q1: 0.04
Min: 0.00

MACOM (MTSI) vs. Taiwan Semiconductor Mfg (TSM): A comparison of their debt-to-equity ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for MACOM (MTSI) and Taiwan Semiconductor Mfg (TSM)
Metric	MTSI	TSM
Current Ratio (MRQ)	2.54	2.51
Debt / Equity (MRQ)	0.24	0.12
Net Debt / EBITDA	-1.04	-0.89

Dividends

Dividend Yield (TTM)

MACOM (MTSI) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Taiwan Semiconductor Mfg (TSM) reports a yield of 1.70%, ranking against industry peers normally.

MTSI

Semiconductors & Semiconductor Equipment industry group

0.00%

Max: 1.37%
Q3: 0.65%
MTSI: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

TSM

Semiconductors & Semiconductor Equipment industry group

1.70%

TSM: 1.70%
Max: 1.37%
Q3: 0.65%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

MACOM (MTSI) vs. Taiwan Semiconductor Mfg (TSM): A comparison of their dividend yield against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

MACOM (MTSI) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Taiwan Semiconductor Mfg (TSM) reports a payout of 24.46%, ranking against industry peers normally.

MTSI

Semiconductors & Semiconductor Equipment industry group

0.00%

Max: 49.64%
Q3: 21.71%
MTSI: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

TSM

Semiconductors & Semiconductor Equipment industry group

24.46%

Max: 49.64%
TSM: 24.46%
Q3: 21.71%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

MACOM (MTSI) vs. Taiwan Semiconductor Mfg (TSM): A comparison of their payout ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for MACOM (MTSI) and Taiwan Semiconductor Mfg (TSM)
Metric	MTSI	TSM
Dividend Yield (TTM)	0.00%	1.70%
Dividend Payout Ratio (TTM)	0.00%	24.46%

Valuation

P/E Ratio (TTM)

Both MACOM (MTSI) at 48.95 and Taiwan Semiconductor Mfg (TSM) at 24.33 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

MTSI

Semiconductors & Semiconductor Equipment industry group

48.95

Max: 110.34
Q3: 66.81
MTSI: 48.95
Median: 37.02
Q1: 23.96
Min: 8.12

TSM

Semiconductors & Semiconductor Equipment industry group

24.33

Max: 110.34
Q3: 66.81
Median: 37.02
TSM: 24.33
Q1: 23.96
Min: 8.12

MACOM (MTSI) vs. Taiwan Semiconductor Mfg (TSM): A comparison of their P/E ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/S Ratio (TTM)

Taiwan Semiconductor Mfg (TSM) at 0.39 sits in the cheaper P/S ratio quartile while MACOM (MTSI) at 12.14 prices around its industry’s middle — TSM costs less per dollar of sales, though read it alongside growth and margins.

MTSI

Semiconductors & Semiconductor Equipment industry group

12.14

Max: 21.42
Q3: 12.27
MTSI: 12.14
Median: 5.76
Q1: 2.73
Min: 0.00

TSM

Semiconductors & Semiconductor Equipment industry group

0.39

Max: 21.42
Q3: 12.27
Median: 5.76
Q1: 2.73
TSM: 0.39
Min: 0.00

MACOM (MTSI) vs. Taiwan Semiconductor Mfg (TSM): A comparison of their P/S ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: MACOM (MTSI) at 9.50 sits in the upper P/B ratio quartile, and Taiwan Semiconductor Mfg (TSM) at 71.65 prices even higher, above its industry range.

MTSI

Semiconductors & Semiconductor Equipment industry group

9.50

Max: 14.06
MTSI: 9.50
Q3: 7.44
Median: 4.29
Q1: 2.30
Min: 0.20

TSM

Semiconductors & Semiconductor Equipment industry group

71.65

TSM: 71.65
Max: 14.06
Q3: 7.44
Median: 4.29
Q1: 2.30
Min: 0.20

MACOM (MTSI) vs. Taiwan Semiconductor Mfg (TSM): A comparison of their P/B ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for MACOM (MTSI) and Taiwan Semiconductor Mfg (TSM)
Metric	MTSI	TSM
P/E Ratio (TTM)	48.95	24.33
P/S Ratio (TTM)	12.14	0.39
P/B Ratio (MRQ)	9.50	71.65
Free Cash Flow Yield (TTM)	1.15%	61.78%