Is AMAT or TSM cheaper?

On trailing earnings, TSM is cheaper: AMAT trades at a 53.31 P/E and TSM at 35.24.

Which has grown faster, AMAT or TSM?

Over the past five years, TSM grew revenue faster — AMAT at a 9.33% CAGR versus TSM at 22.49%.

Does AMAT or TSM pay a bigger dividend?

AMAT yields 0.34% and TSM yields 0.83% based on trailing dividends and the latest price.

Is AMAT or TSM more profitable?

TSM runs the higher net margin — AMAT at 29.31% versus TSM at 46.90%.

Which has been the better investment, AMAT or TSM?

Over the past 10-year, AMAT delivered the higher annualized total return — AMAT at 38.64% versus TSM at 35.19%. Past performance doesn't predict future results.

Applied Materials, Inc. (AMAT) vs Taiwan Semiconductor Manufacturing Company Limited (TSM)

TSM leads on 13 of 16 compared metrics.

A side-by-side comparison of Applied Materials, Inc. and Taiwan Semiconductor Manufacturing Company Limited across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 14, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

AMAT

Applied Materials, Inc.

$450.37B

$567.25Technology

TSM

Taiwan Semiconductor Manufacturing Company Limited

$2.20T

$423.93Technology

Total return — AMAT vs TSM

growth of $100 · last 29y

AMAT +4523.1%TSM +7621.9%TSM compounded faster

AMAT TSM

AMAT vs TSM: by the numbers

•TSM is the larger company ($2.20T vs $450.37B market cap).
•TSM trades at the lower earnings multiple (35.24 vs 53.31 P/E).
•TSM converts more revenue to profit (46.90% vs 29.31% net margin).
•TSM grew revenue faster over the past five years (22.49% vs 9.33% CAGR).
•TSM pays the higher dividend yield (0.83% vs 0.34%).

Which is better, AMAT or TSM?

Metric tally: AMAT 3 · TSM 13

It depends on what you're optimizing for:

ValueTSM(lower P/E)

GrowthTSM(faster 5Y revenue CAGR)

IncomeTSM(higher dividend yield)

QualityTSM(higher ROIC)

Valuation

Metric	AMAT	TSM
P/E ratio	53.31	35.24●
Forward P/E	46.38	—
P/S ratio	15.62●	16.45
P/B ratio	18.96	11.92●
PEG ratio	76.90	0.64●
EV / EBITDA	41.89	20.78●
FCF yield	1.32%	1.62%●

Profitability

Metric	AMAT	TSM
Gross margin	48.96%	61.78%●
Operating margin	29.51%	53.15%●
Net margin	29.31%	46.90%●
ROE	35.58%●	33.98%
ROIC	21.96%	25.10%●

Dividends

Metric	AMAT	TSM
Dividend yield	0.34%	0.83%●
Payout ratio	21.93%	33.09%

Growth (annualized)

Metric	AMAT	TSM
Revenue CAGR (5Y)	9.33%	22.49%●
EPS CAGR (5Y)	17.13%	25.67%●
FCF CAGR (5Y)	9.02%	30.09%●
Total return CAGR (5Y)	34.01%●	30.87%

Frequently asked

Which is better, AMAT or TSM?: It depends on your goal. value: TSM (lower P/E); growth: TSM (faster 5Y revenue CAGR); income: TSM (higher dividend yield); quality: TSM (higher ROIC). Across all compared metrics, TSM leads 13 to 3.
Is AMAT or TSM cheaper?: On trailing earnings, TSM is cheaper: AMAT trades at a 53.31 P/E and TSM at 35.24.
Which has grown faster, AMAT or TSM?: Over the past five years, TSM grew revenue faster — AMAT at a 9.33% CAGR versus TSM at 22.49%.
Does AMAT or TSM pay a bigger dividend?: AMAT yields 0.34% and TSM yields 0.83% based on trailing dividends and the latest price.
Is AMAT or TSM more profitable?: TSM runs the higher net margin — AMAT at 29.31% versus TSM at 46.90%.
Which has been the better investment, AMAT or TSM?: Over the past 10-year, AMAT delivered the higher annualized total return — AMAT at 38.64% versus TSM at 35.19%. Past performance doesn't predict future results.

Go deeper

Full AMAT analysis Full TSM analysis Interactive comparison tool

Dig into the metrics

Applied Materials P/E ratio Taiwan Semiconductor Manufacturing P/E ratio Applied Materials dividend yield Taiwan Semiconductor Manufacturing dividend yield Applied Materials ROE Taiwan Semiconductor Manufacturing ROE Applied Materials operating margin Taiwan Semiconductor Manufacturing operating margin Applied Materials revenue growth Taiwan Semiconductor Manufacturing revenue growth Applied Materials free cash flow Taiwan Semiconductor Manufacturing free cash flow

Applied Materials & Taiwan Semiconductor Manufacturing appear in these rankings

Fastest Revenue Growth Stocks Highest ROE Stocks Highest ROIC Stocks Highest Operating Margin Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 14, 2026.