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

Micron Technology brought in $37.4B of revenue in fiscal 2025, Taiwan Semiconductor Manufacturing $88.3B in fiscal 2024. Revenue changed by +48.9% at Micron Technology and +25.0% at Taiwan Semiconductor Manufacturing on the year before, so Micron Technology grew faster. Micron Technology kept 22.8% of its revenue as net profit, Taiwan Semiconductor Manufacturing 40.0%. Free cash flow was $1.7B at Micron Technology and $26.5B at Taiwan Semiconductor Manufacturing.

Side by side, latest fiscal year

MUTSM
Fiscal year endedFY2025 (August 28, 2025)FY2024 (December 31, 2024)
Revenue$37.4B$88.3B
Revenue growth+48.9%+25.0%
Net income$8.5B$35.3B
Net margin22.8%40.0%
Free cash flow$1.7B$26.5B
Free cash flow margin4.5%30.1%
Earnings per share (diluted)$7.59$1.36
Cash$9.6B$64.9B
Debt$11.5Bn/a
Price to earnings142.6n/a
Market value$1.22T$2.34T
Dividend yield0.04%n/a
Rank by revenue in sector#21 of 530 · Technology#8 of 530 · Technology

Over the years

Revenue
MU FY2018: $30.4BMU FY2019: $23.4BMU FY2020: $21.4BMU FY2021: $27.7BMU FY2022: $30.8BMU FY2023: $15.5BMU FY2024: $25.1BMU FY2025: $37.4BTSM FY2017: $33BTSM FY2018: $33.7BTSM FY2019: $35.8BTSM FY2020: $47.7BTSM FY2021: $57.2BTSM FY2022: $73.7BTSM FY2023: $70.6BTSM FY2024: $88.3BFY17FY18FY19FY20FY21FY22FY23FY24FY25
MU $37.4BTSM $88.3B
Net income
MU FY2018: $14.1BMU FY2019: $6.3BMU FY2020: $2.7BMU FY2021: $5.9BMU FY2022: $8.7BMU FY2023: -$5.8BMU FY2024: $778MMU FY2025: $8.5BTSM FY2017: $11.6BTSM FY2018: $11.9BTSM FY2019: $11.8BTSM FY2020: $18.2BTSM FY2021: $21.4BTSM FY2022: $32.3BTSM FY2023: $27.8BTSM FY2024: $35.3BFY17FY18FY19FY20FY21FY22FY23FY24FY25
MU $8.5BTSM $35.3B
Net margin
MU FY2018: 46.5%MU FY2019: 27.0%MU FY2020: 12.5%MU FY2021: 21.2%MU FY2022: 28.2%MU FY2023: -37.5%MU FY2024: 3.1%MU FY2025: 22.8%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
MU 22.8%TSM 40.0%
Revenue growth
MU FY2019: -23.0%MU FY2020: -8.4%MU FY2021: +29.3%MU FY2022: +11.0%MU FY2023: -49.5%MU FY2024: +61.6%MU FY2025: +48.9%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
MU +48.9%TSM +25.0%
Free cash flow
MU FY2018: $8.5BMU FY2019: $3.4BMU FY2020: $83MMU FY2021: $2.4BMU FY2022: $3.1BMU FY2023: -$6.1BMU FY2024: $121MMU FY2025: $1.7BTSM FY2017: $8.6BTSM FY2018: $8.4BTSM FY2019: $5.2BTSM FY2020: $11.2BTSM FY2021: $9.8BTSM FY2022: $17.2BTSM FY2023: $9.5BTSM FY2024: $26.5BFY17FY18FY19FY20FY21FY22FY23FY24FY25
MU $1.7BTSM $26.5B

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

Questions about Micron Technology and Taiwan Semiconductor Manufacturing

Which is bigger by revenue, Micron Technology or Taiwan Semiconductor Manufacturing?

Taiwan Semiconductor Manufacturing is bigger by revenue: $88.3B in fiscal 2024, against $37.4B for Micron Technology in fiscal 2025.

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

Micron Technology had a net margin of 22.8% in fiscal 2025; Taiwan Semiconductor Manufacturing had 40.0% in fiscal 2024.

Which grew revenue faster, Micron Technology or Taiwan Semiconductor Manufacturing?

In their latest fiscal years revenue changed by +48.9% at Micron Technology 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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