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Alphabet vs Taiwan Semiconductor Manufacturing: revenue, profit, margins and growth compared

Alphabet brought in $402.8B of revenue in fiscal 2025, Taiwan Semiconductor Manufacturing $88.3B in fiscal 2024. Revenue changed by +15.1% at Alphabet and +25.0% at Taiwan Semiconductor Manufacturing on the year before, so Taiwan Semiconductor Manufacturing grew faster. Alphabet kept 32.8% of its revenue as net profit, Taiwan Semiconductor Manufacturing 40.0%. Free cash flow was $73.3B at Alphabet and $26.5B at Taiwan Semiconductor Manufacturing.

Side by side, latest fiscal year

GOOGLTSM
Fiscal year endedFY2025 (December 31, 2025)FY2024 (December 31, 2024)
Revenue$402.8B$88.3B
Revenue growth+15.1%+25.0%
Net income$132.2B$35.3B
Net margin32.8%40.0%
Free cash flow$73.3B$26.5B
Free cash flow margin18.2%30.1%
Earnings per share (diluted)$10.81$1.36
Cash$30.7B$64.9B
Debt$49.1Bn/a
Price to earnings31.8n/a
Market value$4.21T$2.34T
Dividend yield0.24%n/a
Rank by revenue in sector#2 of 530 · Technology#8 of 530 · Technology

Over the years

Revenue
GOOGL FY2018: $136.8BGOOGL FY2019: $161.9BGOOGL FY2020: $182.5BGOOGL FY2021: $257.6BGOOGL FY2022: $282.8BGOOGL FY2023: $307.4BGOOGL FY2024: $350BGOOGL FY2025: $402.8BTSM FY2017: $33BTSM FY2018: $33.7BTSM FY2019: $35.8BTSM FY2020: $47.7BTSM FY2021: $57.2BTSM FY2022: $73.7BTSM FY2023: $70.6BTSM FY2024: $88.3BFY17FY18FY19FY20FY21FY22FY23FY24FY25
GOOGL $402.8BTSM $88.3B
Net income
GOOGL FY2018: $30.7BGOOGL FY2019: $34.3BGOOGL FY2020: $40.3BGOOGL FY2021: $76BGOOGL FY2022: $60BGOOGL FY2023: $73.8BGOOGL FY2024: $100.1BGOOGL FY2025: $132.2BTSM FY2017: $11.6BTSM FY2018: $11.9BTSM FY2019: $11.8BTSM FY2020: $18.2BTSM FY2021: $21.4BTSM FY2022: $32.3BTSM FY2023: $27.8BTSM FY2024: $35.3BFY17FY18FY19FY20FY21FY22FY23FY24FY25
GOOGL $132.2BTSM $35.3B
Net margin
GOOGL FY2018: 22.5%GOOGL FY2019: 21.2%GOOGL FY2020: 22.1%GOOGL FY2021: 29.5%GOOGL FY2022: 21.2%GOOGL FY2023: 24.0%GOOGL FY2024: 28.6%GOOGL FY2025: 32.8%TSM FY2017: 35.3%TSM FY2018: 35.2%TSM FY2019: 33.1%TSM FY2020: 38.1%TSM FY2021: 37.3%TSM FY2022: 43.9%TSM FY2023: 39.4%TSM FY2024: 40.0%FY17FY18FY19FY20FY21FY22FY23FY24FY25
GOOGL 32.8%TSM 40.0%
Revenue growth
GOOGL FY2019: +18.3%GOOGL FY2020: +12.8%GOOGL FY2021: +41.2%GOOGL FY2022: +9.8%GOOGL FY2023: +8.7%GOOGL FY2024: +13.9%GOOGL FY2025: +15.1%TSM FY2018: +2.2%TSM FY2019: +6.2%TSM FY2020: +33.3%TSM FY2021: +20.0%TSM FY2022: +28.7%TSM FY2023: -4.2%TSM FY2024: +25.0%FY18FY19FY20FY21FY22FY23FY24FY25
GOOGL +15.1%TSM +25.0%
Free cash flow
GOOGL FY2018: $22.8BGOOGL FY2019: $31BGOOGL FY2020: $42.8BGOOGL FY2021: $67BGOOGL FY2022: $60BGOOGL FY2023: $69.5BGOOGL FY2024: $72.8BGOOGL FY2025: $73.3BTSM FY2017: $8.6BTSM FY2018: $8.4BTSM FY2019: $5.2BTSM FY2020: $11.2BTSM FY2021: $9.8BTSM FY2022: $17.2BTSM FY2023: $9.5BTSM FY2024: $26.5BFY17FY18FY19FY20FY21FY22FY23FY24FY25
GOOGL $73.3BTSM $26.5B

Fiscal years as each company reports them; the two may end in different months.

Questions about Alphabet and Taiwan Semiconductor Manufacturing

Which is bigger by revenue, Alphabet or Taiwan Semiconductor Manufacturing?

Alphabet is bigger by revenue: $402.8B in fiscal 2025, against $88.3B for Taiwan Semiconductor Manufacturing in fiscal 2024.

Which keeps more of its revenue as profit, Alphabet or Taiwan Semiconductor Manufacturing?

Alphabet had a net margin of 32.8% in fiscal 2025; Taiwan Semiconductor Manufacturing had 40.0% in fiscal 2024.

Which grew revenue faster, Alphabet or Taiwan Semiconductor Manufacturing?

In their latest fiscal years revenue changed by +15.1% at Alphabet and +25.0% at Taiwan Semiconductor Manufacturing.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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