Fundamental analysis · SEC EDGAR · TTM through 29/03/2026
LRCX · Nasdaq · Technology
Fundamental quality
88
out of 100
Lam Research Corp fits the profile of a quality compounder: it pairs high return on capital (ROE 63.4%) with wide margins (net margin 30.9%) and a business that keeps growing (14.3% a year). On fundamental quality it scores 88 out of 100, profiling it as a company with solid fundamentals. Whether it's cheap or expensive depends on the current price, which you can compute in the tool.
Lam Research builds the machines chips are made with: etch and deposition equipment that major manufacturers (TSMC, Samsung, Intel, the memory makers) need to produce ever-denser semiconductors.
EPS growth: 20.9% · Revenue growth: 14.3%
Net margin: 30.9% · ROE: 63.4% · ROIC: 64.5%
Net debt/EBITDA: -0.03x · FCF: 27.7%
Source: SEC EDGAR · TTM through 29/03/2026
The score combines growth, profitability and financial strength, and here its pillars hold up evenly.
Percentile against the other 101 Technology companies in our coverage: how far it beats them on each metric (100 = best in sector).
Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.
Key concepts
What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow
| Year | Revenue | Net income | Free cash flow | Net debt |
|---|---|---|---|---|
| 2020 | 10,045 | 2,252 | 1,923 | 880 |
| 2021 | 14,626 | 3,908 | 3,239 | 543 |
| 2022 | 17,227 | 4,605 | 2,554 | 1,440 |
| 2023 | 17,429 | 4,511 | 4,677 | -372 |
| 2024 | 14,905 | 3,828 | 4,256 | -880 |
| 2025 | 18,436 | 5,358 | 5,414 | -1,921 |
Between 2020 and 2025, revenue went from $10,045M to $18,436M (+84%) and net income went from $2,252M to $5,358M (+138%). Meanwhile, its margins have widened (from 22% to 29%).
Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.
Latest results
Figures for the nine months ended March 29, 2026, versus the nine months ended March 30, 2025 (SEC filings):
Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.
$0.92
per share, yearly
21.5% of earnings
Payout
The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →
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Is Lam Research Corp cheap or expensive?
That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).
Compute the valuation →Is Lam Research Corp a good company to invest in?
In terms of business quality, Lam Research Corp scores 88 out of 100 in our analysis, placing it as a company of high fundamental quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.
Is Lam Research Corp a profitable company?
Very. Lam Research Corp shows a net margin of 30.9% and an ROE of 63.4%, typical of a highly profitable business.
Does Lam Research Corp have a lot of debt?
No. Lam Research Corp has a net cash position: more cash than debt.
Is Lam Research Corp growing?
Its revenue has grown 14.3% annualized in recent years and its earnings per share 20.9%.
Does Lam Research Corp generate cash?
Yes. It converts about 27.7% of its revenue into free cash flow, and has done so positively year after year.
The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.
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Who's behind the methodology and model · how the score is computed
Data: see Lam Research Corp's filings on EDGAR
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