LAM RESEARCH CORPORATION financials

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LRCX CIK 0000707549

Source: EDGAR filings · Built 2026-06-02T03:29:23Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow 5.41B 4.00B 4.66B 2.54B 3.23B 1.92B
EBITDA 6.29B 4.62B 5.52B 5.72B 4.79B 2.94B
Working Capital 7.95B 8.54B 9.04B 7.72B 8.12B 7.69B
Net Debt -1.65B -576.81M -96.31M 1.70B 735.76M 1.07B
Gross Margin 48.70% 47.32% 44.62% 45.69% 46.53% 45.88%
Operating Margin 32.01% 28.61% 29.69% 31.24% 30.64% 26.62%
Net Margin 29.06% 25.68% 25.88% 26.73% 26.72% 22.42%
Return on Equity (ROE) 54.33% 44.82% 54.94% 73.35% 64.85% 43.53%
Return on Assets (ROA) 25.10% 20.42% 24.02% 26.78% 24.59% 15.47%
Current Ratio 2.21× 2.97× 3.16× 2.69× 3.30× 3.43×
Debt-to-Equity 0.48× 0.62× 0.64× 0.83× 0.86× 1.16×
Effective Tax Rate 10.07% 12.21% 11.71% 11.32% 10.58% 12.55%
Cash Conversion Ratio 1.15× 1.22× 1.15× 0.67× 0.92× 0.94×
Accruals Ratio -0.04× -0.04× -0.04× 0.09× 0.02× 0.01×
SBC % of Revenue 1.86% 1.97% 1.64% 1.50% 1.51% 1.88%
CapEx Coverage 8.09× 7.13× 10.03× 5.56× 10.11× 10.28×
Free Cash Flow Per Share $4.19 $3.03 $3.43 $18.08 $22.25 $12.88

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 23.42× 36.72× 18.34× 13.75× 23.44× 20.03×
P/FCF 23.18× 35.14× 17.74× 24.90× 28.34× 23.50×
FCF Yield 4.31% 2.85% 5.64% 4.02% 3.53% 4.26%
EV / EBITDA 19.35× 300.14× 14.69× 11.09× 18.91× 15.31×
P/S 6.69× 93.14× 4.66× 3.58× 6.14× 4.38×
P/B 12.51× 162.58× 9.88× 9.82× 14.91× 8.50×

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue from Contract with Customer, Excluding Assessed Tax 18.44B 14.91B 17.43B 17.23B 14.63B 10.04B
Cost of Goods and Services Sold 9.46B 7.85B 9.65B 9.36B 7.82B 5.44B
Gross Profit 8.98B 7.05B 7.78B 7.87B 6.81B 4.61B
Research and Development Expense 2.10B 1.90B 1.73B 1.60B 1.49B 1.25B
Selling, General and Administrative Expense 981.70M 868.25M 832.75M 885.74M 829.88M 682.48M
Operating Expenses 3.08B 2.79B 2.60B 2.49B 2.32B 1.93B
Operating Income (Loss) 5.90B 4.26B 5.17B 5.38B 4.48B 2.67B
Income Tax Expense (Benefit) 599.91M 532.45M 598.28M 587.83M 462.35M 323.23M
Net Income (Loss) Attributable to Parent 5.36B 3.83B 4.51B 4.61B 3.91B 2.25B
Earnings Per Share, Basic $4.17 $2.91 $3.33 $32.92 $27.22 $15.55
Weighted Average Number of Shares Outstanding, Basic 1.29B 1.31B 1.35B 139.90M 143.61M 144.81M
Earnings Per Share, Diluted $4.15 $2.90 $3.32 $32.75 $26.90 $15.10
Weighted Average Number of Shares Outstanding, Diluted 1.29B 1.32B 1.36B 140.63M 145.32M 149.09M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 6.39B 5.85B 5.34B 3.52B 4.42B 4.92B
Assets, Current 14.52B 12.88B 13.23B 12.29B 11.65B 10.85B
Assets 21.35B 18.74B 18.78B 17.20B 15.89B 14.56B
Long-term Debt 4.47B 4.97B 4.97B 4.96B 4.96B 5.80B
Liabilities, Current 6.57B 4.34B 4.18B 4.56B 3.53B 3.16B
Long-term Debt, Excluding Current Maturities 3.72B 4.47B 4.96B 4.96B 4.96B 4.96B
Liabilities 11.48B 10.21B 10.57B 10.92B 9.86B 9.38B
Stockholders' Equity Attributable to Parent 9.86B 8.54B 8.21B 6.28B 6.03B 5.17B
Common Stock, Shares, Outstanding 1.27B 1.30B 133.30M 136.97M 142.50M 145.33M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 6.17B 4.65B 5.18B 3.10B 3.59B 2.13B
Net Cash Provided by (Used in) Investing Activities -708.09M -370.61M -534.56M 612.27M 73.27M -244.08M
Payments for Repurchase of Common Stock 3.42B 2.84B 2.02B 3.87B 2.70B 1.37B
Payments of Dividends 1.15B 1.02B 907.91M 815.29M 726.99M 656.84M
Net Cash Provided by (Used in) Financing Activities -4.94B -4.00B -2.83B -4.58B -4.17B -623.93M

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

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Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (LRCX CIK 0000707549), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.

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