Lam Research Corporation
LRCXNASDAQ
$226.29
Last price · USD
- Market cap
- $285.4B
- P/E
- 39.3x
- EV / EBITDA
- 32.6x
- P/S
- 12.3x
- FCF yield
- 1.7%
- Div. yield
- 0.45%
Multiples use last price and FY2026 annual figures. Market cap estimated from diluted shares.
Lam Research Corporation key metrics & ratios
Annual · USD millions except per-share data · 36 lines
| Fiscal year | 2026 | 2025 | 2024 | 2023 | 2022 | CAGR | |
|---|---|---|---|---|---|---|---|
| Growth (year over year) | |||||||
| Revenue growth | 26.0% | 23.7% | -14.5% | 1.2% | — | — | |
| Operating income growth | 39.0% | 38.4% | -17.6% | -3.8% | — | — | |
| Net income growth | 35.6% | 40.0% | -15.1% | -2.0% | — | — | |
| EPS (diluted) growth | 38.8% | 43.1% | -12.7% | 1.5% | — | — | |
| Free cash flow growth | -9.7% | 27.2% | -9.0% | 83.2% | — | — | |
| Margins | |||||||
| Gross margin | 50.5% | 48.7% | 47.3% | 44.6% | 45.7% | — | |
| Operating margin | 35.3% | 32.0% | 28.6% | 29.7% | 31.2% | — | |
| EBITDA margin | 37.5% | 34.4% | 32.9% | 32.4% | 33.2% | — | |
| Net margin | 31.3% | 29.1% | 25.7% | 25.9% | 26.7% | — | |
| FCF margin | 21.1% | 29.4% | 28.6% | 26.8% | 14.8% | — | |
| Returns on capital | |||||||
| Return on equity | 58.3% | 54.3% | 44.8% | 54.9% | 73.4% | — | |
| Return on assets | 30.9% | 25.1% | 20.4% | 24.0% | 26.8% | — | |
| Return on invested capital | 65.5% | 64.5% | 48.8% | 57.9% | 61.5% | — | |
| Leverage & liquidity | |||||||
| Debt / equity | 0.33x | 0.48x | 0.58x | 0.61x | 0.80x | — | |
| Net debt / EBITDA | -0.17x | -0.26x | -0.18x | -0.06x | 0.26x | — | |
| Current ratio | 2.63x | 2.21x | 2.97x | 3.16x | 2.69x | — | |
| Interest coverage | — | 33.11x | 23.02x | 27.75x | 29.13x | — | |
| Profitability & operating | |||||||
| EBIT | 8,262 | 5,958 | 4,545 | 5,296 | 5,378 | +11.3% | |
| EBITDA | 8,704 | 6,344 | 4,905 | 5,638 | 5,712 | +11.1% | |
| Operating income | 8,200 | 5,901 | 4,264 | 5,175 | 5,382 | +11.1% | |
| Income before tax | 8,262 | 5,958 | 4,360 | 5,109 | 5,193 | +12.3% | |
| Net income | 7,265 | 5,358 | 3,828 | 4,511 | 4,605 | +12.1% | |
| Earnings per share | |||||||
| EPS (basic) | $5.79 | $4.17 | $2.91 | $3.33 | $3.29 | +15.2% | |
| EPS (diluted) | $5.76 | $4.15 | $2.90 | $3.32 | $3.27 | +15.2% | |
| Share count (millions) | |||||||
| Weighted avg shares outstanding | 1,255 | 1,286 | 1,314 | 1,355 | 1,399 | -2.7% | |
| Weighted avg shares outstanding (diluted) | 1,261 | 1,290 | 1,320 | 1,358 | 1,406 | -2.7% | |
| Balance sheet highlights | |||||||
| Net debt | (1,458) | (1,634) | (865) | (326) | 1,484 | — | |
| Total debt | 4,122 | 4,757 | 4,983 | 5,012 | 5,006 | -4.7% | |
| Total investments | 19 | 17 | 3 | 38 | 136 | -39.0% | |
| Total stockholders' equity | 12,471 | 9,862 | 8,539 | 8,210 | 6,278 | +18.7% | |
| Total assets | 23,530 | 21,345 | 18,745 | 18,782 | 17,196 | +8.2% | |
| Cash flow highlights | |||||||
| Free cash flow | 4,891 | 5,414 | 4,256 | 4,677 | 2,554 | +17.6% | |
| Operating cash flow | 5,858 | 6,173 | 4,652 | 5,179 | 3,100 | +17.2% | |
| Capital expenditure | (966) | (759) | (397) | (502) | (546) | — | |
| Net cash from operating activities | 5,858 | 6,173 | 4,652 | 5,179 | 3,100 | +17.2% | |
| Additional fields | |||||||
| Accrued Expenses | 695 | 0 | 0 | 0 | 0 | — | |