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

Taiwan Semiconductor Manufacturing brought in $88.3B of revenue in fiscal 2024, Tigo Energy $103.5B in fiscal 2025. Revenue changed by +25.0% at Taiwan Semiconductor Manufacturing and +91.7% at Tigo Energy on the year before, so Tigo Energy grew faster. Taiwan Semiconductor Manufacturing kept 40.0% of its revenue as net profit, Tigo Energy -0.0%. Free cash flow was $26.5B at Taiwan Semiconductor Manufacturing and $9.7M at Tigo Energy.

Side by side, latest fiscal year

TSMTYGO
Fiscal year endedFY2024 (December 31, 2024)FY2025 (December 31, 2025)
Revenue$88.3B$103.5B
Revenue growth+25.0%+91.7%
Net income$35.3B-$1.9M
Net margin40.0%-0.0%
Free cash flow$26.5B$9.7M
Free cash flow margin30.1%0.0%
Earnings per share (diluted)$1.36-$0.03
Cash$64.9B$7.7M
Debtn/a$0
Price to earningsn/an/a
Market value$2.34T$66M
Dividend yieldn/an/a
Rank by revenue in sector#8 of 530 · Technology#7 of 530 · Technology

Over the years

Revenue
TSM FY2017: $33BTSM FY2018: $33.7BTSM FY2019: $35.8BTSM FY2020: $47.7BTSM FY2021: $57.2BTSM FY2022: $73.7BTSM FY2023: $70.6BTSM FY2024: $88.3BTYGO FY2022: $81.3BTYGO FY2023: $145.2BTYGO FY2024: $54BTYGO FY2025: $103.5BFY17FY18FY19FY20FY21FY22FY23FY24FY25
TSM $88.3BTYGO $103.5B
Net income
TSM FY2017: $11.6BTSM FY2018: $11.9BTSM FY2019: $11.8BTSM FY2020: $18.2BTSM FY2021: $21.4BTSM FY2022: $32.3BTSM FY2023: $27.8BTSM FY2024: $35.3BTYGO FY2021: -$2KTYGO FY2021: -$402.5KTYGO FY2022: -$7MTYGO FY2023: -$984KTYGO FY2024: -$62.7MTYGO FY2025: -$1.9MFY17FY18FY19FY20FY21FY22FY23FY24FY25
TSM $35.3BTYGO -$1.9M
Net margin
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%TYGO FY2022: -0.0%TYGO FY2023: -0.0%TYGO FY2024: -0.1%TYGO FY2025: -0.0%FY17FY18FY19FY20FY21FY22FY23FY24FY25
TSM 40.0%TYGO -0.0%
Revenue growth
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%TYGO FY2023: +78.6%TYGO FY2024: -62.8%TYGO FY2025: +91.7%FY18FY19FY20FY21FY22FY23FY24FY25
TSM +25.0%TYGO +91.7%
Free cash flow
TSM FY2017: $8.6BTSM FY2018: $8.4BTSM FY2019: $5.2BTSM FY2020: $11.2BTSM FY2021: $9.8BTSM FY2022: $17.2BTSM FY2023: $9.5BTSM FY2024: $26.5BTYGO FY2022: -$17.6MTYGO FY2023: -$39.3MTYGO FY2024: -$13.6MTYGO FY2025: $9.7MFY17FY18FY19FY20FY21FY22FY23FY24FY25
TSM $26.5BTYGO $9.7M

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

Questions about Taiwan Semiconductor Manufacturing and Tigo Energy

Which is bigger by revenue, Taiwan Semiconductor Manufacturing or Tigo Energy?

Tigo Energy is bigger by revenue: $103.5B in fiscal 2025, against $88.3B for Taiwan Semiconductor Manufacturing in fiscal 2024.

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

Taiwan Semiconductor Manufacturing had a net margin of 40.0% in fiscal 2024; Tigo Energy had -0.0% in fiscal 2025.

Which grew revenue faster, Taiwan Semiconductor Manufacturing or Tigo Energy?

In their latest fiscal years revenue changed by +25.0% at Taiwan Semiconductor Manufacturing and +91.7% at Tigo Energy.

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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