What are Lam Research's profit margins?

Lam Research (LRCX) runs a 50.0% gross margin and a 34.3% operating margin, with a 30.9% net margin.

Where do Lam Research's ratios come from?

Every ratio is computed from Lam Research's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Lam Research LRCX Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	191.8%+7.6pp	184.2%+3.9pp	180.3%-3.8pp	184.1%-1.9pp
Operating margin	121.3%+9.1pp	112.1%-11.8pp	123.9%-1.2pp	125.1%+8.2pp
Net margin	108.8%+8.5pp	100.3%-5.6pp	105.8%-2.9pp	108.7%+7.5pp
EBITDA margin	130.2%+8.3pp	121.9%-9.4pp	131.3%-1.6pp	132.9%+6.7pp
Free cash flow margin	107.6%-15.3pp	122.8%+41.3pp	81.6%+2.1pp	79.4%+0.9pp
Returns
Return on equity	210.9%+28.0pp	182.9%-90.2pp	273.1%-34.0pp	307.1%+57.0pp
Return on assets	94.6%+15.5pp	79.2%-30.2pp	109.4%-3.4pp	112.8%+21.9pp
Return on invested capital	228.9%+42.3pp	186.6%-85.0pp	271.6%+3.5pp	268%+53.0pp
Efficiency
Asset turnover	3.5×+0.3×	3.2×-1.0×	4.1×0.0×	4.2×+0.6×
Inventory turnover	8×+1.0×	7×-3.0×	10×-2.4×	12.5×-0.9×
Liquidity
Current ratio	9.7×-2.2×	11.9×-0.1×	12×0.0×	11.9×-1.0×
Quick ratio	6.7×-1.1×	7.8×0.0×	7.8×-0.8×	8.6×-1.6×
Cash ratio	4.2×-1.0×	5.2×+0.6×	4.5×0.0×	4.5×-0.3×
Leverage
Debt-to-equity	2.1×-0.4×	2.5×-0.1×	2.5×-0.8×	3.3×-0.8×
Debt-to-assets	1×-0.1×	1.1×0.0×	1.1×-0.2×	1.2×-0.2×
Net debt / EBITDA	-0.8×-0.3×	-0.5×-0.4×	-0×-0.4×	0.4×-1.0×
Per Share
Book value per share	$28.34+14.1%	$24.83-86.4%	$183.08+5.1%	$174.24+13.8%
Valuation
Market capitalization	$414.61B-8.1%	$451.22B+71.1%	$263.7B-16.4%	$315.5B+9.3%
Enterprise value	$410.2B-8.7%	$449.19B+70.4%	$263.62B-17.1%	$317.82B+8.0%
Price / earnings	90.6×-31.3×	122×+67.1×	54.9×-15.3×	70.2×-17.8×
Price / sales	24.6×-6.0×	30.6×+16.2×	14.5×-4.7×	19.1×-3.3×
Price / book	45.3×-9.6×	54.9×+22.4×	32.5×-18.8×	51.3×-0.2×
EV / EBITDA	75×-25.0×	100×+55.7×	44.3×-13.7×	58×-14.3×
EV / sales	24.4×-6.1×	30.5×+16.0×	14.4×-4.8×	19.3×-3.6×
Free cash flow yield	17.4%+0.6pp	16.8%-5.9pp	22.8%+6.0pp	16.8%+2.5pp
Earnings yield	17.8%+4.0pp	13.8%-17.1pp	30.8%+7.1pp	23.7%+5.3pp
Dividend yield	4.3%+0.7pp	3.6%-1.9pp	5.5%+1.4pp	4.1%0.0pp
PEG ratio	14.5×—	——	——	1.9×0.0×

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Questions, answered.

What are Lam Research's profit margins?: Lam Research (LRCX) runs a 50.0% gross margin and a 34.3% operating margin, with a 30.9% net margin.
Where do Lam Research's ratios come from?: Every ratio is computed from Lam Research's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.