LLY vs TSM: Eli Lilly and and Taiwan Semiconductor Manufacturing compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Taiwan Semiconductor Manufacturing is the larger company, worth $2.37T, about 2.2 times Eli Lilly and.
- Eli Lilly and grew revenue faster over the last year (+47.7% vs +33.9%).
- On earnings, Taiwan Semiconductor Manufacturing is the cheaper stock (39.3x vs 43.0x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | LLY | TSM |
|---|---|---|
| Market cap | $1.08T | $2.37T |
| Share price | $1,179.27 | $453.31 |
| Revenue (last fiscal year) | $65.2B | $2.89T |
| Free cash flow (last fiscal year) | — | $861.3B |
| Revenue growth, last year | +47.7% | +33.9% |
| Revenue growth per year, last 5 fiscal years | +23.2% | +21.2% |
| Operating margin | — | 45.7% |
| Net margin | 33.5% | 40.0% |
| Return on equity | 78.8% | 27.3% |
| P/E (trailing) | 43.0x | 39.3x |
| Price / free cash flow | 120.2x | 2.17x |
| EV / EBITDA | 30.4x | 25.0x |
| FCF growth the price implies | — | — |
| Dividend yield | 0.53% | 0.83% |
| Debt / equity | 3.20x | 0.57x |
| Fundamental grade | C | B |
| Superinvestors holding it | 12 | 28 |
| Insider purchases, last 12 months | 10 | 10 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Eli Lilly and
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $28.3B | — | — |
| 2022 | $28.5B | — | — |
| 2023 | $34.1B | — | — |
| 2024 | $45.0B | — | — |
| 2025 | $65.2B | — | — |
Taiwan Semiconductor Manufacturing
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2020 | $1.34T | $305.9B | 42.3% |
| 2021 | $1.59T | $263.9B | 40.9% |
| 2022 | $2.26T | $521.0B | 49.5% |
| 2023 | $2.16T | $286.6B | 42.6% |
| 2024 | $2.89T | $861.3B | 45.7% |
Where the revenue comes from
Eli Lilly and · by products, 2025
Net product revenue$61.0B94%
Collaboration and Other Revenue$4.2B6%
Taiwan Semiconductor Manufacturing · by products, 2025
Wafer$3.27T86%
Others$536.5B14%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open LLY in InvestinglyQuestions
Which is bigger, Eli Lilly and or Taiwan Semiconductor Manufacturing?
Taiwan Semiconductor Manufacturing (TSM), at $2.37T against $1.08T.
Is LLY or TSM cheaper?
By trailing P/E, Taiwan Semiconductor Manufacturing (39.3x) is cheaper than Eli Lilly and (43.0x). A lower multiple can also mean the market expects less growth.
Which grows faster, LLY or TSM?
Eli Lilly and: revenue grew +47.7% over the last year, against +33.9%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.