COMP <GO>
IBM vs TSM // GROSS PROFIT MARGIN
International Business Machines Corporation (NYSE) VS. Taiwan Semiconductor Manufacturing Company Ltd. (NYSE) • 15-METRIC TALLY: IBM 5
— TSM 9
▲ GROSS PROFIT MARGIN LEADER: TSM
LAST: $257.81 (-0.18%) • MKT CAP: $244.11B
gross-margins
58.20%
LAST: $406.13 (-5.95%) • MKT CAP: $2.24T
gross-margins
62.00%
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (IBM VS. TSM)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | IBM | TSM | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin ACTIVE | 58.20% | 62.00% | -3.80 | TSM | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 13.80% | 14.90% | -1.10 | TSM | /roic <GO> |
| EV/EBITDA & P/E Valuation | 20.6x | 14.9x | +5.70 | TSM | /valuation <GO> |
| Free Cash Flow Yield | 4.96% | 3.99% | +0.97 | IBM | /fcf-yield <GO> |
| Operating Margin | 19.10% | 21.10% | -2.00 | TSM | /operating-margins <GO> |
| Net Profit Margin | 15.70% | 16.40% | -0.70 | TSM | /net-margins <GO> |
| Revenue Growth (YoY) | 7.60% | -3.30% | +10.90 | IBM | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 2.56% | 0.00% | +2.56 | IBM | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 3.38 | 3.87 | -0.49 | TSM | /balance-sheet <GO> |
| Piotroski F-Score Quality | 7/9 | 7/9 | 0.00 | TIE | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | 7.90% | 8.30% | -0.40 | IBM | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 70.9 | 38.3 | +32.55 | IBM | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 1.30 | 1.42 | -0.12 | TSM | /macro-sensitivity <GO> |
| Forward P/E Multiple | 21.4x | 20.2x | +1.20 | TSM | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $244.11B | $2.24T | -$2.00T | TSM | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | IBM REV | TSM REV | IBM GROSS % | TSM GROSS % | IBM FCF | TSM FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $67.53B | — | 58.2% | — | $12.10B | — |
| FY 2024 | $62.75B | — | 56.7% | — | $12.40B | — |
| FY 2023 | $61.86B | — | 44.0% | — | $11.15B | — |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
IBM // BETA 1.30
TSM // BETA 1.42