TSM vs. WMT: Taiwan Semiconductor Mfg vs. Walmart Stock Comparison

November 11, 2026

How do Taiwan Semiconductor Mfg (TSM) and Walmart (WMT) 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

Taiwan Semiconductor Mfg (TSM) is classified in the Information Technology sector (Semiconductors & Semiconductor Equipment), whereas Walmart (WMT) belongs to Consumer Staples (Consumer Staples Distribution & Retail) — their GICS classifications point to very different parts of the market.

Walmart (WMT) 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 Taiwan Semiconductor Mfg (TSM) and Walmart (WMT)
Profile Item	TSM	WMT
Name	Taiwan Semiconductor Manufacturing Company Ltd. ADR	Walmart Inc.
Country/Region	Taiwan	United States
GICS Sector	Information Technology	Consumer Staples
GICS Industry Group	Semiconductors & Semiconductor Equipment	Consumer Staples Distribution & Retail
GICS Industry	Semiconductors & Semiconductor Equipment	Consumer Staples Distribution & Retail
GICS Sub-Industry	Semiconductors	Consumer Staples Merchandise Retail
Market Capitalization	1,947.21 billion USD	998.90 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	October 9, 1997	August 25, 1972
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

TSM

WMT

GSPC

Taiwan Semiconductor Mfg (TSM) vs. Walmart (WMT), 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 Taiwan Semiconductor Mfg (TSM) and Walmart (WMT). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Taiwan Semiconductor Mfg (TSM) and Walmart (WMT)
Metric	TSM	WMT
Total Return (1Y)	37.26%	23.19%
Total Return (3Y, Annualized)	64.12%	33.27%
Total Return (5Y, Annualized)	28.19%	21.72%

Risk Profile

Drawdown History

TSM

WMT

GSPC

Taiwan Semiconductor Mfg (TSM) vs. Walmart (WMT), 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 Taiwan Semiconductor Mfg (TSM) and Walmart (WMT). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Taiwan Semiconductor Mfg (TSM) has an aggressive beta of 1.45, indicating higher sensitivity to broad-market moves, while Walmart (WMT) is defensive at 0.52 and tends to be less market-sensitive — they sit on opposite ends of the beta spectrum.

Risk profile metrics for Taiwan Semiconductor Mfg (TSM) and Walmart (WMT)
Metric	TSM	WMT
Volatility (1Y, Annualized)	41.69%	26.96%
Beta (5Y)	1.45	0.52
Max Drawdown (5Y)	-56.47%	-25.74%
Avg. Volume (3M)	11.20M	23.66M

Risk-Adjusted Performance

Risk-Return Positioning

TSM and WMT are plotted by 1-year volatility (risk) and 1-year return. Each dashed Capital Allocation Line uses that stock's own industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Taiwan Semiconductor Mfg (TSM) and Walmart (WMT)
Metric	TSM	WMT
Sharpe Ratio (1Y)	0.79	0.70
Sortino Ratio (1Y)	1.15	1.00

Profitability

ROE (TTM)

Taiwan Semiconductor Mfg (TSM) at 41.86% sits in the top ROE quartile, while Walmart (WMT) at 22.31% is closer to the peer norm — stronger capital efficiency for TSM.

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%

WMT

Consumer Staples Distribution & Retail industry group

22.31%

Max: 33.48%
WMT: 22.31%
Q3: 22.31%
Median: 15.57%
Q1: 7.66%
Min: -2.27%

Taiwan Semiconductor Mfg (TSM) vs. Walmart (WMT): A comparison of their ROE against their respective Semiconductors & Semiconductor Equipment and Consumer Staples Distribution & Retail industry group benchmarks.

Net Margin (TTM)

Taiwan Semiconductor Mfg (TSM) at 51.12% retains a top-quartile share of revenue as profit, ahead of Walmart (WMT) at 3.00%, which keeps about the industry-typical share.

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%

WMT

Consumer Staples Distribution & Retail industry group

3.00%

Max: 5.45%
Q3: 3.42%
WMT: 3.00%
Median: 2.44%
Q1: 1.86%
Min: -0.06%

Taiwan Semiconductor Mfg (TSM) vs. Walmart (WMT): A comparison of their net margin against their respective Semiconductors & Semiconductor Equipment and Consumer Staples Distribution & Retail industry group benchmarks.

Operating Margin (TTM)

Taiwan Semiconductor Mfg (TSM) at 58.66% operates in the top operating margin quartile, ahead of Walmart (WMT) at 3.45%, which runs around its industry’s norm.

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%

WMT

Consumer Staples Distribution & Retail industry group

3.45%

Max: 6.81%
Q3: 5.49%
Median: 3.84%
WMT: 3.45%
Q1: 2.00%
Min: 0.97%

Taiwan Semiconductor Mfg (TSM) vs. Walmart (WMT): A comparison of their operating margin against their respective Semiconductors & Semiconductor Equipment and Consumer Staples Distribution & Retail industry group benchmarks.

Profitability Metrics

Profitability metrics for Taiwan Semiconductor Mfg (TSM) and Walmart (WMT)
Metric	TSM	WMT
ROE (TTM)	41.86%	22.31%
ROA (TTM)	20.58%	6.41%
Net Margin (TTM)	51.12%	3.00%
Operating Margin (TTM)	58.66%	3.45%
Gross Margin (TTM)	65.85%	24.84%

Growth

Revenue Growth

Taiwan Semiconductor Mfg (TSM) at 31.61% sits in the top revenue growth quartile, while Walmart (WMT) at 4.73% is closer to the peer norm — faster top-line expansion for TSM.

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

EPS Growth

Taiwan Semiconductor Mfg (TSM) at 46.41% sits in the top EPS growth quartile, while Walmart (WMT) at 13.28% is closer to the peer norm — faster per-share earnings growth for TSM.

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

Growth Metrics

Growth metrics for Taiwan Semiconductor Mfg (TSM) and Walmart (WMT)
Metric	TSM	WMT
Revenue Growth (YoY)	31.61%	4.73%
Revenue Growth (3Y CAGR)	18.94%	5.27%
EPS Growth (YoY)	46.41%	13.28%
EPS Growth (3Y CAGR)	19.12%	24.25%

Financial Strength

Current Ratio (MRQ)

Taiwan Semiconductor Mfg (TSM) at 2.51 keeps current ratio within its industry’s typical mid-range, while Walmart (WMT) at 0.77 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for WMT.

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

WMT

Consumer Staples Distribution & Retail industry group

0.77

Max: 2.04
Q3: 1.45
Median: 1.17
Q1: 1.00
WMT: 0.77
Min: 0.69

Taiwan Semiconductor Mfg (TSM) vs. Walmart (WMT): A comparison of their current ratio against their respective Semiconductors & Semiconductor Equipment and Consumer Staples Distribution & Retail industry group benchmarks.

Debt / Equity (MRQ)

Both Taiwan Semiconductor Mfg (TSM) at 0.12 and Walmart (WMT) at 0.72 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

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

WMT

Consumer Staples Distribution & Retail industry group

0.72

Max: 2.59
Q3: 1.83
Median: 1.24
WMT: 0.72
Q1: 0.63
Min: 0.01

Taiwan Semiconductor Mfg (TSM) vs. Walmart (WMT): A comparison of their debt-to-equity ratio against their respective Semiconductors & Semiconductor Equipment and Consumer Staples Distribution & Retail industry group benchmarks.

Financial Strength Metrics

Financial strength metrics for Taiwan Semiconductor Mfg (TSM) and Walmart (WMT)
Metric	TSM	WMT
Current Ratio (MRQ)	2.51	0.77
Debt / Equity (MRQ)	0.12	0.72
Net Debt / EBITDA	-0.89	1.44

Dividends

Dividend Yield (TTM)

Walmart (WMT) at 0.76% 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.

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%

WMT

Consumer Staples Distribution & Retail industry group

0.76%

Max: 2.90%
Q3: 1.72%
WMT: 0.76%
Median: 0.43%
Q1: 0.00%
Min: 0.00%

Taiwan Semiconductor Mfg (TSM) vs. Walmart (WMT): A comparison of their dividend yield against their respective Semiconductors & Semiconductor Equipment and Consumer Staples Distribution & Retail industry group benchmarks.

Dividend Payout Ratio (TTM)

Both Taiwan Semiconductor Mfg (TSM) at 24.46% and Walmart (WMT) at 34.96% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

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%

WMT

Consumer Staples Distribution & Retail industry group

34.96%

Max: 57.98%
WMT: 34.96%
Q3: 30.05%
Median: 11.72%
Q1: 0.00%
Min: 0.00%

Taiwan Semiconductor Mfg (TSM) vs. Walmart (WMT): A comparison of their payout ratio against their respective Semiconductors & Semiconductor Equipment and Consumer Staples Distribution & Retail industry group benchmarks.

Dividend Metrics

Dividend metrics for Taiwan Semiconductor Mfg (TSM) and Walmart (WMT)
Metric	TSM	WMT
Dividend Yield (TTM)	1.70%	0.76%
Dividend Payout Ratio (TTM)	24.46%	34.96%

Valuation

P/E Ratio (TTM)

Taiwan Semiconductor Mfg (TSM) at 24.33 is near its industry’s usual P/E ratio, while Walmart (WMT) at 45.48 sits in the richer quartile — WMT needs stronger growth or earnings quality to justify the premium.

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

WMT

Consumer Staples Distribution & Retail industry group

45.48

Max: 50.75
WMT: 45.48
Q3: 33.64
Median: 22.19
Q1: 16.09
Min: 9.28

Taiwan Semiconductor Mfg (TSM) vs. Walmart (WMT): A comparison of their P/E ratio against their respective Semiconductors & Semiconductor Equipment and Consumer Staples Distribution & Retail industry group benchmarks.

P/S Ratio (TTM)

Taiwan Semiconductor Mfg (TSM) at 0.39 looks cheap on sales in the lower P/S ratio quartile, while Walmart (WMT) at 1.36 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

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

WMT

Consumer Staples Distribution & Retail industry group

1.36

Max: 1.54
WMT: 1.36
Q3: 0.81
Median: 0.47
Q1: 0.26
Min: 0.02

Taiwan Semiconductor Mfg (TSM) vs. Walmart (WMT): A comparison of their P/S ratio against their respective Semiconductors & Semiconductor Equipment and Consumer Staples Distribution & Retail industry group benchmarks.

P/B Ratio (MRQ)

Both look rich against book: Walmart (WMT) at 10.15 sits in the upper P/B ratio quartile, and Taiwan Semiconductor Mfg (TSM) at 71.65 prices even higher, above its industry range.

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

WMT

Consumer Staples Distribution & Retail industry group

10.15

WMT: 10.15
Max: 10.15
Q3: 6.27
Median: 3.70
Q1: 1.85
Min: 0.93

Taiwan Semiconductor Mfg (TSM) vs. Walmart (WMT): A comparison of their P/B ratio against their respective Semiconductors & Semiconductor Equipment and Consumer Staples Distribution & Retail industry group benchmarks.

Valuation Metrics

Valuation metrics for Taiwan Semiconductor Mfg (TSM) and Walmart (WMT)
Metric	TSM	WMT
P/E Ratio (TTM)	24.33	45.48
P/S Ratio (TTM)	0.39	1.36
P/B Ratio (MRQ)	71.65	10.15
Free Cash Flow Yield (TTM)	61.78%	0.71%