NYSE : UMC
United Microelectronics Corporation — Financial statements
Technology · Semiconductors · Taiwan
Last price 18.04 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 42.90B
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Financial statements
United Microelectronics Corporation (UMC) reported revenue of 265.82B TWD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in TWD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 265.82B | 237.55B | 232.30B | 222.53B | 278.71B | 213.01B |
| Cost of Revenue | 181.51B | 168.65B | 156.65B | 144.79B | 152.94B | 140.96B |
| Gross Profit | 84.30B | 68.91B | 75.65B | 77.74B | 125.76B | 72.05B |
| Selling, General & Admin | 10.88B | 9.23B | 9.82B | 10.70B | 13.86B | 12.66B |
| Research & Development | 18.78B | 17.72B | 15.62B | 13.28B | 12.95B | 12.93B |
| Other Operating Expenses | -2.38B | -1.89B | -1.25B | -3.73B | -4.86B | -5.08B |
| Operating Expenses | 27.28B | 25.06B | 24.11B | 20.12B | 21.96B | 20.51B |
| Operating Income | 57.03B | 43.85B | 51.54B | 57.62B | 103.81B | 51.54B |
| Interest Expense | -1.44B | -1.53B | -1.68B | -1.47B | -1.79B | -1.87B |
| Interest & Investment Income | 2.01B | 2.28B | 3.67B | 4.85B | 2.02B | 575.72M |
| Earnings From Equity Investments | 29.03B | 2.42B | 410.61M | 6.91B | 1.63B | 5.19B |
| Currency Exchange Gain (Loss) | 668.89M | -583.08M | 1.33B | 478.78M | 2.52B | 484.73M |
| Other Non Operating Income (Expenses) | 9.86B | 3.09B | 875.37M | 1.74B | 2.14B | -451.79M |
| EBT Excluding Unusual Items | 97.15B | 49.53B | 56.15B | 70.13B | 110.34B | 55.48B |
| Gain (Loss) on Sale of Investments | 23.06M | 23.06M | 817.00K | 19.62M | -1.20B | 2.88B |
| Gain (Loss) on Sale of Assets | 67.04M | 99.18M | 72.40M | 268.29M | 482.98M | 143.74M |
| Other Unusual Items | 494.00M | |||||
| Pretax Income | 97.24B | 49.65B | 56.22B | 70.91B | 109.63B | 58.50B |
| Income Tax Expense | 12.51B | 8.11B | 9.11B | 9.47B | 19.33B | 7.92B |
| Earnings From Continuing Operations | 84.73B | 41.53B | 47.11B | 61.44B | 90.30B | 50.58B |
| Minority Interest in Earnings | 191.06M | 181.50M | 104.67M | -450.18M | -819.96M | 668.25M |
| Net Income | 84.92B | 41.72B | 47.21B | 60.99B | 89.48B | 51.25B |
| Net Income to Common | 84.92B | 41.72B | 47.21B | 60.99B | 89.48B | 51.25B |
| Shares Outstanding (Basic) | 12.48B | 12.49B | 12.44B | 12.37B | 12.10B | 12.01B |
| Shares Outstanding (Diluted) | 12.61B | 12.61B | 12.63B | 12.62B | 12.49B | 12.24B |
| EPS (Basic) | 6.81 | 3.34 | 3.80 | 4.93 | 7.40 | 4.27 |
| EPS (Diluted) | 6.73 | 3.31 | 3.74 | 4.83 | 7.16 | 4.19 |
| Free Cash Flow | 71.26B | 52.12B | 5.33B | -5.47B | 65.73B | 42.32B |
| Free Cash Flow Per Share | 5.65 | 4.13 | 0.42 | -0.43 | 5.26 | 3.46 |
| Dividend Per Share | 2.60 | 2.60 | 2.85 | 3.00 | 3.60 | 3.00 |
| Gross Margin | 31.71% | 29.01% | 32.57% | 34.94% | 45.12% | 33.82% |
| Operating Margin | 21.45% | 18.46% | 22.19% | 25.89% | 37.25% | 24.20% |
| Profit Margin | 31.95% | 17.56% | 20.32% | 27.41% | 32.10% | 24.06% |
| Free Cash Flow Margin | 26.81% | 21.94% | 2.29% | -2.46% | 23.59% | 19.87% |
| EBITDA | 119.09B | 100.67B | 97.35B | 95.67B | 145.62B | 98.62B |
| EBITDA Margin | 44.80% | 42.38% | 41.91% | 42.99% | 52.25% | 46.30% |
| D&A For EBITDA | 62.06B | 56.82B | 45.81B | 38.05B | 41.81B | 47.07B |
| EBIT | 57.03B | 43.85B | 51.54B | 57.62B | 103.81B | 51.54B |
| EBIT Margin | 21.45% | 18.46% | 22.19% | 25.89% | 37.25% | 24.20% |
| Effective Tax Rate | 12.87% | 16.34% | 16.21% | 13.36% | 17.63% | 13.54% |
Balance sheet
Fiscal year January - December; amounts in TWD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 142.62B | 110.66B | 105.00B | 132.55B | 173.82B | 132.62B |
| Short-Term Investments | 8.52B | 17.14B | 9.63B | 11.88B | 4.07B | 37.34B |
| Trading Asset Securities | 441.96M | 568.52M | 606.02M | 443.60M | 705.92M | 945.02M |
| Cash & Short-Term Investments | 151.58B | 128.37B | 115.24B | 144.88B | 178.60B | 170.90B |
| Accounts Receivable | 42.92B | 31.98B | 33.97B | 30.33B | 37.35B | 35.51B |
| Other Receivables | 1.82B | 2.52B | 1.74B | 2.84B | 1.85B | 859.83M |
| Receivables | 44.74B | 34.50B | 35.70B | 33.16B | 39.20B | 36.37B |
| Inventory | 38.37B | 37.23B | 35.78B | 35.71B | 31.07B | 23.01B |
| Prepaid Expenses | 3.21B | 3.50B | 2.34B | 2.16B | ||
| Other Current Assets | 1.00B | 1.19B | 614.90M | 877.21M | 3.50B | 2.99B |
| Total Current Assets | 238.90B | 204.78B | 189.68B | 216.80B | 252.37B | 233.27B |
| Property, Plant & Equipment | 260.84B | 278.87B | 287.10B | 246.12B | 178.59B | 137.07B |
| Long-Term Investments | 153.48B | 75.37B | 72.49B | 74.25B | 56.27B | 59.00B |
| Goodwill | 27.18M | 27.18M | 7.61M | 7.61M | 7.61M | 7.61M |
| Other Intangible Assets | 4.66B | 4.72B | 4.15B | 4.36B | 4.27B | 3.64B |
| Long-Term Deferred Tax Assets | 9.87B | 8.52B | 5.21B | 5.12B | 5.23B | 5.48B |
| Other Long-Term Assets | 8.01B | 6.70B | 11.57B | 12.52B | 27.91B | 12.49B |
| Total Assets | 675.79B | 579.00B | 570.20B | 559.19B | 524.65B | 450.96B |
| Accounts Payable | 10.02B | 9.17B | 7.63B | 7.53B | 8.98B | 8.36B |
| Accrued Expenses | 780.69M | 621.74M | 751.76M | 812.18M | 560.04M | |
| Short-Term Debt | 2.77B | 8.41B | 8.52B | 13.53B | 1.92B | |
| Current Portion of Long-Term Debt | 9.20B | 19.19B | 10.99B | 16.01B | 7.59B | 37.33B |
| Current Portion of Leases | 683.71M | 624.83M | 636.36M | 514.32M | 537.31M | 557.87M |
| Current Income Taxes Payable | 5.42B | 3.58B | 3.37B | 6.66B | 19.45B | 7.05B |
| Current Unearned Revenue | 7.39B | 4.36B | 3.11B | 3.97B | 6.23B | 7.54B |
| Other Current Liabilities | 37.48B | 41.48B | 40.39B | 50.06B | 69.01B | 44.92B |
| Total Current Liabilities | 72.97B | 87.60B | 75.26B | 99.01B | 112.61B | 108.25B |
| Long-Term Debt | 61.54B | 45.37B | 55.53B | 45.24B | 39.88B | 39.83B |
| Long-Term Leases | 5.45B | 5.38B | 5.78B | 4.88B | 5.20B | 4.51B |
| Long-Term Unearned Revenue | 9.27B | 7.27B | 3.51B | 2.26B | 2.43B | 5.09B |
| Pension & Post-Retirement Benefits | 816.69M | 866.22M | 1.43B | 2.21B | 2.87B | 3.88B |
| Long-Term Deferred Tax Liabilities | 13.87B | 11.92B | 7.81B | 5.26B | 3.56B | 2.32B |
| Other Long-Term Liabilities | 41.00B | 40.73B | 42.68B | 40.75B | 35.28B | 22.70B |
| Total Liabilities | 204.91B | 199.14B | 192.02B | 199.61B | 201.83B | 186.58B |
| Common Stock | 125.70B | 125.88B | 125.61B | 125.30B | 125.05B | 124.83B |
| Additional Paid-In Capital | 13.93B | 11.73B | 11.39B | 10.92B | 14.61B | 49.60B |
| Retained Earnings | 279.45B | 232.88B | 226.85B | 217.05B | 196.21B | 107.05B |
| Treasury Stock | -3.10B | -8.62B | -8.19B | |||
| Comprehensive Income & Other | 54.94B | 9.27B | 14.08B | 5.96B | -4.77B | -9.15B |
| Total Common Equity | 470.92B | 379.77B | 377.93B | 359.24B | 322.47B | 264.15B |
| Minority Interest | -36.76M | 87.17M | 256.61M | 340.86M | 343.68M | 223.18M |
| Shareholders' Equity | 470.88B | 379.86B | 378.19B | 359.58B | 322.81B | 264.38B |
| Total Liabilities & Equity | 675.79B | 579.00B | 570.20B | 559.19B | 524.65B | 450.96B |
| Total Debt | 79.64B | 78.97B | 81.46B | 80.17B | 53.20B | 84.15B |
| Net Cash (Debt) | 71.94B | 49.40B | 33.78B | 64.72B | 125.40B | 86.75B |
| Net Cash Per Share | 5.70 | 3.92 | 2.67 | 5.13 | 10.04 | 7.08 |
| Filing Date Shares Outstanding | 12.54B | 12.59B | 12.56B | 12.53B | 12.50B | 12.48B |
| Total Common Shares Outstanding | 12.54B | 12.59B | 12.56B | 12.53B | 12.50B | 12.48B |
| Working Capital | 165.93B | 117.19B | 114.42B | 117.78B | 139.76B | 125.02B |
| Book Value Per Share | 37.55 | 30.17 | 30.09 | 28.67 | 25.79 | 21.16 |
| Tangible Book Value | 466.23B | 375.03B | 373.77B | 354.87B | 318.19B | 260.51B |
| Tangible Book Value Per Share | 37.18 | 29.79 | 29.76 | 28.32 | 25.45 | 20.87 |
| Land | 1.39B | 1.39B | 1.41B | 1.43B | 1.47B | 1.49B |
| Buildings | 69.00B | 67.41B | 65.59B | 38.37B | 37.60B | 36.83B |
| Machinery | 1.23T | 1.19T | 1.14T | 1.03T | 961.95B | 905.17B |
| Construction In Progress | 20.12B | 26.97B | 44.77B | 82.36B | 55.36B | 22.86B |
| Leasehold Improvements | 68.89M | 68.09M | 68.41M | 65.82M | 63.08M | 61.28M |
Cash flow statement
Fiscal year January - December; amounts in TWD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 84.92B | 41.72B | 47.21B | 60.99B | 89.48B | 51.25B |
| Depreciation & Amortization | 62.78B | 57.52B | 46.51B | 38.74B | 42.51B | 47.07B |
| Other Amortization | 1.77B | 1.74B | 1.66B | 1.74B | 1.66B | |
| Loss (Gain) From Sale of Assets | -67.04M | -99.18M | -72.75M | -268.29M | -482.98M | -143.74M |
| Loss (Gain) From Sale of Investments | -7.73B | -730.19M | 320.14M | 20.93M | 1.20B | -2.88B |
| Loss (Gain) on Equity Investments | -29.03B | -2.42B | -410.61M | -6.91B | -1.63B | -5.19B |
| Stock-Based Compensation | 580.38M | 491.28M | 788.85M | 1.03B | 1.35B | 1.75B |
| Provision & Write-off of Bad Debts | -47.00K | -2.41M | -69.52M | -130.52M | 2.72M | -6.12M |
| Other Operating Activities | 5.63B | -461.39M | 1.41B | -7.11B | 16.07B | 2.59B |
| Change in Accounts Receivable | -9.41B | 1.75B | -3.16B | 6.82B | -1.16B | -8.67B |
| Change in Inventory | -2.42B | -1.83B | 365.31M | -4.94B | -7.64B | -871.59M |
| Change in Accounts Payable | 1.77B | 1.61B | 14.59M | -1.34B | 490.95M | 688.65M |
| Change in Unearned Revenue | 3.25B | 1.75B | -599.53M | -267.86M | -252.59M | 1.64B |
| Change in Other Net Operating Assets | 5.94B | -1.12B | 451.69M | -4.31B | 4.25B | 3.01B |
| Operating Cash Flow | 118.70B | 99.86B | 93.87B | 86.00B | 145.86B | 90.35B |
| Capital Expenditures | -47.43B | -47.74B | -88.54B | -91.47B | -80.13B | -48.03B |
| Sale of Property, Plant & Equipment | 128.48M | 128.84M | 120.94M | 323.38M | 669.28M | 216.31M |
| Cash Acquisitions | -19.44M | -19.44M | ||||
| Divestitures | -196.01M | 714.36M | ||||
| Sale (Purchase) of Intangibles | -2.80B | -2.99B | -2.80B | -2.55B | -2.76B | -1.92B |
| Investment in Securities | 433.81M | -7.67B | 2.62B | -4.68B | 28.23B | -15.45B |
| Other Investing Activities | 4.88B | 5.14B | 2.85B | 588.31M | -441.44M | 2.32B |
| Investing Cash Flow | -44.81B | -53.15B | -85.94B | -97.79B | -54.43B | -62.16B |
| Short-Term Debt Issued | 18.82B | 30.68B | 29.12B | 228.98M | 7.21B | |
| Long-Term Debt Issued | 45.14B | 36.29B | 25.42B | 2.32B | 41.32B | |
| Total Debt Issued | 61.53B | 63.97B | 66.97B | 54.54B | 2.55B | 48.53B |
| Short-Term Debt Repaid | -18.93B | -35.70B | -15.59B | -2.19B | -16.18B | |
| Long-Term Debt Repaid | -47.68B | -32.34B | -33.43B | -35.15B | -14.17B | |
| Lease Payments | -831.75M | -849.81M | -731.14M | -666.44M | -712.85M | -699.68M |
| Total Debt Repaid | -65.55B | -66.61B | -68.04B | -49.03B | -37.35B | -30.35B |
| Net Debt Issued (Repaid) | -4.02B | -2.65B | -1.07B | 5.51B | -34.80B | 18.18B |
| Repurchase of Common Stock | -3.10B | |||||
| Common Dividends Paid | -32.69B | -35.78B | -37.59B | -45.01B | -37.45B | -19.87B |
| Other Financing Activities | -589.92M | -773.75M | -546.44M | 10.42B | 14.99B | 14.19B |
| Financing Cash Flow | -40.40B | -39.20B | -39.20B | -29.09B | -57.25B | 12.49B |
| Foreign Exchange Rate Adjustments | 4.91B | -1.85B | 3.72B | -392.14M | 7.02B | -2.10B |
| Net Cash Flow | 38.40B | 5.66B | -27.55B | -41.27B | 41.20B | 38.57B |
| Free Cash Flow | 71.26B | 52.12B | 5.33B | -5.47B | 65.73B | 42.32B |
| Free Cash Flow Margin | 26.81% | 21.94% | 2.29% | -2.46% | 23.59% | 19.87% |
| Free Cash Flow Per Share | 5.65 | 4.13 | 0.42 | -0.43 | 5.26 | 3.46 |
| Levered Free Cash Flow | 44.96B | 37.75B | -27.58B | -50.97B | 51.26B | 51.33B |
| Unlevered Free Cash Flow | 45.86B | 38.71B | -26.53B | -50.05B | 52.38B | 52.50B |
| Free Cash Flow After Leases | 70.43B | 51.27B | 4.60B | -6.14B | 65.02B | 41.62B |
| Cash Interest Paid | 973.42M | 1.02B | 1.34B | 1.03B | 1.42B | 1.54B |
| Cash Income Tax Paid | 6.71B | 6.36B | 9.98B | 16.01B | 4.72B | 1.94B |
| Change in Working Capital | -152.54M | 2.11B | -3.47B | -2.10B | -4.30B | -4.09B |
Ratios
Fiscal year January - December; amounts in TWD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 41.61B | 19.69B | 16.50B | 21.51B | 16.57B | 29.24B |
| Enterprise Value | 39.41B | 18.77B | 15.93B | 19.54B | 12.66B | 26.70B |
| Last Close Price | 16.68 | 7.76 | 6.11 | 7.65 | 5.59 | 9.41 |
| PE Ratio | 15.89 | 14.82 | 11.45 | 10.81 | 5.69 | 15.81 |
| PS Ratio | 5.07 | 2.60 | 2.33 | 2.96 | 1.83 | 3.80 |
| PB Ratio | 2.86 | 1.63 | 1.43 | 1.83 | 1.58 | 3.06 |
| P/TBV Ratio | 2.89 | 1.65 | 1.45 | 1.86 | 1.60 | 3.11 |
| P/FCF Ratio | 19.33 | 11.86 | 101.48 | 7.74 | 19.15 | |
| P/OCF Ratio | 11.60 | 6.19 | 5.76 | 7.66 | 3.49 | 8.97 |
| EV/Sales Ratio | 4.80 | 2.48 | 2.25 | 2.69 | 1.40 | 3.47 |
| EV/EBITDA Ratio | 10.72 | 5.86 | 5.36 | 6.26 | 2.67 | 7.50 |
| EV/EBIT Ratio | 22.39 | 13.44 | 10.13 | 10.39 | 3.75 | 14.36 |
| EV/FCF Ratio | 18.32 | 11.31 | 97.98 | 5.92 | 17.49 | |
| Debt / Equity Ratio | 0.17 | 0.21 | 0.21 | 0.22 | 0.17 | 0.32 |
| Debt / EBITDA Ratio | 0.66 | 0.78 | 0.83 | 0.83 | 0.36 | 0.85 |
| Debt / FCF Ratio | 1.12 | 1.51 | 15.29 | 0.81 | 1.99 | |
| Net Debt / Equity Ratio | -0.15 | -0.13 | -0.09 | -0.18 | -0.39 | -0.33 |
| Net Debt / EBITDA Ratio | -0.60 | -0.49 | -0.35 | -0.68 | -0.86 | -0.88 |
| Net Debt / FCF Ratio | -1.01 | -0.95 | -6.34 | 11.82 | -1.91 | -2.05 |
| Asset Turnover | 0.43 | 0.41 | 0.41 | 0.41 | 0.57 | 0.51 |
| Inventory Turnover | 4.94 | 4.62 | 4.38 | 4.34 | 5.66 | 6.19 |
| Quick Ratio | 2.69 | 1.86 | 2.01 | 1.80 | 1.93 | 1.92 |
| Current Ratio | 3.27 | 2.34 | 2.52 | 2.19 | 2.24 | 2.15 |
| Return on Equity (ROE) | 20.37% | 10.96% | 12.77% | 18.01% | 30.76% | 20.23% |
| Return on Assets (ROA) | 5.79% | 4.77% | 5.70% | 6.65% | 13.30% | 7.78% |
| Return on Invested Capital (ROIC) | 13.09% | 10.87% | 13.51% | 20.28% | 45.60% | 23.95% |
| Return on Capital Employed (ROCE) | 9.50% | 8.90% | 10.40% | 12.50% | 25.20% | 15.00% |
| Earnings Yield | 6.29% | 6.75% | 8.73% | 9.25% | 17.58% | 6.32% |
| FCF Yield | 5.17% | 8.43% | 0.98% | -0.83% | 12.92% | 5.22% |
| Dividend Yield | 1.87% | 5.29% | 6.62% | 5.70% | 8.85% | 4.62% |
| Payout Ratio | 29.52% | 85.78% | 79.61% | 73.81% | 41.85% | 38.78% |
| Buyback Yield / Dilution | 0.14% | 0.17% | -0.11% | -1.00% | -2.00% | 0.04% |
| Total Shareholder Return | 1.97% | 5.46% | 6.51% | 4.70% | 6.85% | 4.67% |