Micron Technology, Inc. (MU) vs Taiwan Semiconductor Manufacturing Company Limited (TSM)
A side-by-side comparison of Micron Technology, Inc. and Taiwan Semiconductor Manufacturing Company Limited across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 28, 2026. Differences are shown without an overall score or investment verdict.
MU
Micron Technology, Inc.
$820.53TechnologyDelayed quote: Jul 28, 2026, 4:00 PM EDT
TSM
Taiwan Semiconductor Manufacturing Company Limited
$392.31TechnologyDelayed quote: Jul 28, 2026, 4:00 PM EDT
Total return — MU vs TSM
growth of $100 · dividends reinvested · last 29yMU +4664.0%TSM +13545.5%TSM compounded faster
MU TSM
MU vs TSM: by the numbers
- •TSM is the larger company ($2.03T vs $926.70B market cap).
- •MU trades at the lower trailing earnings multiple (20.38 vs 28.90 P/E), one valuation lens rather than an overall verdict.
- •MU converts more revenue to profit (55.91% vs 50.32% net margin).
- •MU grew revenue faster over the past five years (29.33% vs 22.50% CAGR).
- •TSM pays the higher dividend yield (0.88% vs 0.06%).
Metrics side by side
Valuation
| Metric | MU | TSM |
|---|---|---|
| P/E ratio | 20.38 | 28.90 |
| Forward P/E | 12.29 | N/A |
| P/S ratio | 11.42 | 14.63 |
| P/B ratio | 10.23 | 10.26 |
| PEG ratio | 0.02 | 0.65 |
| EV / EBITDA | 22.56 | 19.80 |
| FCF yield | 2.54% | 1.82% |
Profitability
| Metric | MU | TSM |
|---|---|---|
| Gross margin | 39.79% | 64.17% |
| Operating margin | 26.41% | 55.97% |
| Net margin | 55.91% | 50.32% |
| ROE | 50.11% | 35.29% |
| ROIC | 12.12% | 25.10% |
Dividends
| Metric | MU | TSM |
|---|---|---|
| Dividend yield | 0.06% | 0.88% |
| Payout ratio | 6.93% | 32.94% |
Growth (annualized)
| Metric | MU | TSM |
|---|---|---|
| Revenue CAGR (5Y) | 29.33% | 22.50% |
| EPS CAGR (5Y) | 5.12% | 25.67% |
| FCF CAGR (5Y) | 172.93% | 33.46% |
| Total return CAGR (5Y) | 61.54% | 29.33% |
Frequently asked
- Which has the lower trailing P/E, MU or TSM?
- MU has the lower trailing P/E: MU trades at 20.38 and TSM at 28.90. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, MU or TSM?
- Over the past five years, MU grew revenue faster — MU at a 29.33% CAGR versus TSM at 22.50%.
- Does MU or TSM pay a bigger dividend?
- MU yields 0.06% and TSM yields 0.88% based on trailing dividends and the latest price.
- Is MU or TSM more profitable?
- MU runs the higher net margin — MU at 55.91% versus TSM at 50.32%.
- How have MU and TSM total returns compared?
- Over the past 10 years, MU delivered 50.65% and TSM delivered 32.46% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Micron Technology P/E ratioTaiwan Semiconductor Manufacturing P/E ratioMicron Technology dividend yieldTaiwan Semiconductor Manufacturing dividend yieldMicron Technology ROETaiwan Semiconductor Manufacturing ROEMicron Technology operating marginTaiwan Semiconductor Manufacturing operating marginMicron Technology revenue growthTaiwan Semiconductor Manufacturing revenue growthMicron Technology free cash flowTaiwan Semiconductor Manufacturing free cash flow
Micron Technology & Taiwan Semiconductor Manufacturing appear in these rankings
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 July 28, 2026.