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

Intel brought in $52.9B of revenue in fiscal 2025, Taiwan Semiconductor Manufacturing $88.3B in fiscal 2024. Revenue changed by -0.5% at Intel and +25.0% at Taiwan Semiconductor Manufacturing on the year before, so Taiwan Semiconductor Manufacturing grew faster. Intel kept -0.5% of its revenue as net profit, Taiwan Semiconductor Manufacturing 40.0%. Free cash flow was -$4.9B at Intel and $26.5B at Taiwan Semiconductor Manufacturing.

Side by side, latest fiscal year

INTCTSM
Fiscal year endedFY2025 (December 27, 2025)FY2024 (December 31, 2024)
Revenue$52.9B$88.3B
Revenue growth-0.5%+25.0%
Net income-$267M$35.3B
Net margin-0.5%40.0%
Free cash flow-$4.9B$26.5B
Free cash flow margin-9.4%30.1%
Earnings per share (diluted)-$0.06$1.36
Cash$14.3B$64.9B
Debt$46.6Bn/a
Price to earningsn/an/a
Market value$650.1B$2.34T
Dividend yieldn/an/a
Rank by revenue in sector#14 of 530 · Technology#8 of 530 · Technology

Over the years

Revenue
INTC FY2018: $70.8BINTC FY2019: $72BINTC FY2020: $77.9BINTC FY2021: $79BINTC FY2022: $63.1BINTC FY2023: $54.2BINTC FY2024: $53.1BINTC FY2025: $52.9BTSM FY2017: $33BTSM FY2018: $33.7BTSM FY2019: $35.8BTSM FY2020: $47.7BTSM FY2021: $57.2BTSM FY2022: $73.7BTSM FY2023: $70.6BTSM FY2024: $88.3BFY17FY18FY19FY20FY21FY22FY23FY24FY25
INTC $52.9BTSM $88.3B
Net income
INTC FY2018: $21.1BINTC FY2019: $21BINTC FY2020: $20.9BINTC FY2021: $19.9BINTC FY2022: $8BINTC FY2023: $1.7BINTC FY2024: -$18.8BINTC FY2025: -$267MTSM FY2017: $11.6BTSM FY2018: $11.9BTSM FY2019: $11.8BTSM FY2020: $18.2BTSM FY2021: $21.4BTSM FY2022: $32.3BTSM FY2023: $27.8BTSM FY2024: $35.3BFY17FY18FY19FY20FY21FY22FY23FY24FY25
INTC -$267MTSM $35.3B
Net margin
INTC FY2018: 29.7%INTC FY2019: 29.2%INTC FY2020: 26.8%INTC FY2021: 25.1%INTC FY2022: 12.7%INTC FY2023: 3.1%INTC FY2024: -35.3%INTC FY2025: -0.5%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
INTC -0.5%TSM 40.0%
Revenue growth
INTC FY2019: +1.6%INTC FY2020: +8.2%INTC FY2021: +1.5%INTC FY2022: -20.2%INTC FY2023: -14.0%INTC FY2024: -2.1%INTC FY2025: -0.5%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
INTC -0.5%TSM +25.0%
Free cash flow
INTC FY2018: $14.3BINTC FY2019: $16.9BINTC FY2020: $21.6BINTC FY2021: $10.7BINTC FY2022: -$9.4BINTC FY2023: -$14.3BINTC FY2024: -$15.7BINTC FY2025: -$4.9BTSM FY2017: $8.6BTSM FY2018: $8.4BTSM FY2019: $5.2BTSM FY2020: $11.2BTSM FY2021: $9.8BTSM FY2022: $17.2BTSM FY2023: $9.5BTSM FY2024: $26.5BFY17FY18FY19FY20FY21FY22FY23FY24FY25
INTC -$4.9BTSM $26.5B

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

Questions about Intel and Taiwan Semiconductor Manufacturing

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

Taiwan Semiconductor Manufacturing is bigger by revenue: $88.3B in fiscal 2024, against $52.9B for Intel in fiscal 2025.

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

Intel had a net margin of -0.5% in fiscal 2025; Taiwan Semiconductor Manufacturing had 40.0% in fiscal 2024.

Which grew revenue faster, Intel or Taiwan Semiconductor Manufacturing?

In their latest fiscal years revenue changed by -0.5% at Intel 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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