Q vs. TSM: Qnity Electronics vs. Taiwan Semiconductor Mfg Stock Comparison

Company Profile

Qnity Electronics (Q) and Taiwan Semiconductor Mfg (TSM) both belong to the Semiconductors & Semiconductor Equipment industry, though Q is classified under Semiconductor Materials & Equipment while TSM falls under Semiconductors.

Taiwan Semiconductor Mfg (TSM) carries decades of public-market history since October 9, 1997, while Qnity Electronics (Q) listed on October 27, 2025 — long-window comparisons have far more historical data on the TSM side.

Qnity Electronics (Q) 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.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

Taiwan Semiconductor Mfg (TSM) at 41.86% sits in the top ROE quartile, while Qnity Electronics (Q) at 6.98% is closer to the peer norm — stronger capital efficiency for TSM.

Taiwan Semiconductor Mfg (TSM) at 51.12% retains a top-quartile share of revenue as profit, ahead of Qnity Electronics (Q) at 10.16%, which keeps about the industry-typical share.

Taiwan Semiconductor Mfg (TSM) at 58.66% operates in the top operating margin quartile, ahead of Qnity Electronics (Q) at 25.00%, which runs around its industry’s norm.

Profitability Metrics

Growth

Taiwan Semiconductor Mfg (TSM) at 31.61% sits in the top revenue growth quartile, while Qnity Electronics (Q) at 9.67% is closer to the peer norm — faster top-line expansion for TSM.

Taiwan Semiconductor Mfg (TSM) at 46.41% sits in the top EPS growth quartile, while Qnity Electronics (Q) at -0.27% is closer to the peer norm — faster per-share earnings growth for TSM.

Growth Metrics

Financial Strength

Taiwan Semiconductor Mfg (TSM) at 2.51 keeps current ratio within its industry’s typical mid-range, while Qnity Electronics (Q) at 2.09 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for Q.

Both Qnity Electronics (Q) at 0.57 and Taiwan Semiconductor Mfg (TSM) at 0.12 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

Financial Strength Metrics

Dividends

Qnity Electronics (Q) at 0.27% pays an industry-typical yield; Taiwan Semiconductor Mfg (TSM) at 1.70% 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.

Qnity Electronics (Q) at 11.28% pays out a band-typical share of earnings, while Taiwan Semiconductor Mfg (TSM) at 24.46% distributes more than its industry norm — less retained, thinner cover.

Dividend Metrics

Valuation

Both Qnity Electronics (Q) at 43.98 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.

Taiwan Semiconductor Mfg (TSM) at 0.39 sits in the cheaper P/S ratio quartile while Qnity Electronics (Q) at 4.46 prices around its industry’s middle — TSM costs less per dollar of sales, though read it alongside growth and margins.

Qnity Electronics (Q) at 3.22 sits near its industry’s typical P/B ratio, while Taiwan Semiconductor Mfg (TSM) at 71.65 prices above its benchmark range — TSM looks rich relative to book.

Valuation Metrics