Mastercard Incorporated (MA) vs Taiwan Semiconductor Manufacturing Company Limited (TSM)

TSM leads on 8 of 15 compared metrics, though MA is the cheaper stock.

A side-by-side comparison of Mastercard Incorporated and Taiwan Semiconductor Manufacturing Company Limited across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Total return — MA vs TSM

growth of $100 · last 20y
MA +10551.7%TSM +4574.0%MA compounded faster
05k10kStart $10020102014201820222026$10,652$4,674
MA TSM

MA vs TSM: by the numbers

  • TSM is the larger company ($2.20T vs $432.94B market cap).
  • MA trades at the lower earnings multiple (28.36 vs 35.24 P/E).
  • TSM converts more revenue to profit (46.90% vs 45.88% net margin).
  • TSM grew revenue faster over the past five years (22.49% vs 17.05% CAGR).
  • TSM pays the higher dividend yield (0.83% vs 0.67%).

Which is better, MA or TSM?

Metric tally: MA 7 · TSM 8

It depends on what you're optimizing for:

ValueMA(lower P/E)
GrowthTSM(faster 5Y revenue CAGR)
IncomeTSM(higher dividend yield)
QualityMA(higher ROIC)

Valuation

MetricMATSM
P/E ratio28.3635.24
Forward P/E21.48
P/S ratio12.8916.45
P/B ratio65.0911.92
PEG ratio1.810.64
EV / EBITDA21.1320.78
FCF yield4.05%1.62%

Profitability

MetricMATSM
Gross margin82.96%61.78%
Operating margin59.40%53.15%
Net margin45.88%46.90%
ROE231.63%33.98%
ROIC48.63%25.10%

Dividends

MetricMATSM
Dividend yield0.67%0.83%
Payout ratio19.70%33.09%

Growth (annualized)

MetricMATSM
Revenue CAGR (5Y)17.05%22.49%
EPS CAGR (5Y)20.93%25.67%
FCF CAGR (5Y)23.43%30.09%
Total return CAGR (5Y)6.65%30.87%

Frequently asked

Which is better, MA or TSM?
It depends on your goal. value: MA (lower P/E); growth: TSM (faster 5Y revenue CAGR); income: TSM (higher dividend yield); quality: MA (higher ROIC). Across all compared metrics, TSM leads 8 to 7.
Is MA or TSM cheaper?
On trailing earnings, MA is cheaper: MA trades at a 28.36 P/E and TSM at 35.24.
Which has grown faster, MA or TSM?
Over the past five years, TSM grew revenue faster — MA at a 17.05% CAGR versus TSM at 22.49%.
Does MA or TSM pay a bigger dividend?
MA yields 0.67% and TSM yields 0.83% based on trailing dividends and the latest price.
Is MA or TSM more profitable?
TSM runs the higher net margin — MA at 45.88% versus TSM at 46.90%.
Which has been the better investment, MA or TSM?
Over the past 10-year, TSM delivered the higher annualized total return — MA at 18.49% versus TSM at 35.19%. Past performance doesn't predict future results.

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 13, 2026.