Lam Research Financial Ratios
NASDAQ: LRCXTechnologyIndustrial Machinery/ComponentsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Lam Research ratio analysis
Lam Research earned a net margin of 31.3% in FY 2026, up from 29.1% a year earlier. Gross margin was 50.5% compared with a median of 45.9% over the prior 9 years. Return on equity reached 58.3%, meaning Lam Research generated 0.58 dollars of profit for every dollar of shareholders' equity, an unusually high figure that often reflects a small equity base after share buybacks.
Debt-to-equity stood at 0.30 versus 0.45 the year before, and the current ratio was 2.63. At the end of FY 2026, LRCX traded at 65.8 times earnings; across the 10 fiscal years shown, its year-end P/E ranged from 1.3 to 65.8, with a median of 2.2. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Lam Research financial ratios (annual)
| Ratio | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 65.81 | 23.42 | 36.72 | 18.34 | 1.37 | 2.34 | 2.00 | 1.37 | 1.33 | 1.64 |
| Price / sales | 20.48 | 6.78 | 9.39 | 4.73 | 0.37 | 0.62 | 0.44 | 0.30 | 0.25 | 0.31 |
| Price / book | 38.15 | 12.68 | 16.39 | 10.04 | 1.00 | 1.50 | 0.85 | 0.61 | 0.43 | 0.36 |
| Gross margin | 50.5% | 48.7% | 47.3% | 44.6% | 45.7% | 46.5% | 45.9% | 45.1% | 46.6% | 45.0% |
| Operating margin | 35.3% | 32.0% | 28.6% | 29.7% | 31.2% | 30.6% | 26.6% | 25.5% | 29.0% | 23.7% |
| Net margin | 31.3% | 29.1% | 25.7% | 25.9% | 26.7% | 26.7% | 22.4% | 22.7% | 21.5% | 21.2% |
| Free cash flow margin | 21.1% | 29.4% | 28.6% | 26.8% | 14.8% | 22.1% | 19.1% | 29.8% | 21.5% | 23.4% |
| Return on equity (ROE) | 58.3% | 54.3% | 44.8% | 54.9% | 73.4% | 64.8% | 43.5% | 46.9% | 36.6% | 24.9% |
| Return on assets (ROA) | 30.9% | 25.1% | 20.4% | 24.0% | 26.8% | 24.6% | 15.5% | 18.3% | 19.1% | 14.0% |
| Debt / equity | 0.30 | 0.45 | 0.58 | 0.60 | 0.79 | 0.82 | 1.12 | 0.95 | 0.36 | 0.39 |
| Current ratio | 2.63 | 2.21 | 2.97 | 3.16 | 2.69 | 3.30 | 3.43 | 3.61 | 2.90 | 3.10 |
| Revenue growth | 26.0% | 23.7% | -14.5% | 1.2% | 17.8% | 45.6% | 4.1% | -12.9% | 38.2% | 36.1% |
| EPS growth | 38.8% | 43.1% | -12.7% | -89.9% | 21.7% | 78.1% | 10.2% | 4.0% | 42.5% | 77.0% |