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Lam Research LRCX Return on invested capital

Return on invested capital at other companies

Applied Materials logo
Applied MaterialsAMAT
25.2%-3.6pp
KLA Corporation logo
KLA CorporationKLAC
46.2%+6.2pp
Entegris logo
EntegrisENTG
6.2%-0.4pp
Amkor Technology logo
Amkor TechnologyAMKR
9.6%+2.1pp
Credo Technology Group Holding Ltd logo
Credo Technology Group Holding LtdCRDO
64.2%+56.8pp
Keysight Technologies logo
Keysight TechnologiesKEYS
17.1%+4.6pp

Other financials

Income statement

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Revenue$5.8B+23.8%
Gross profit$2.9B+25.8%
Operating income$2.0B+31.1%
Net income$1.8B+37.2%
EPS (diluted)$1.45+40.8%

Balance sheet

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Cash & equivalents$4.8B-12.7%
Total debt$3.7B-16.7%
Total equity$10.6B+11.3%
Total assets$20.8B+4.1%

Cash flow

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Operating cash flow$1.1B-12.8%
CapEx$331.6M+15.1%
Free cash flow$809.8M-20.7%

Valuation

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Market cap$467.94B+186%
Enterprise value$466.91B+188%
P/E69.8×+34.6×
P/S21.6×+12.0×

Profitability

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Gross margin50%+2.0pp
Operating margin34.3%+3.4pp
Net margin30.9%+3.8pp

Returns & leverage

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Return on equity66.8%+13.6pp
Debt / equity0.4×-0.1×
Current ratio2.5×+0.1×

Where this comes from

Calculated from Lam Research’s reported figures.

Based on trailing twelve months.

The official record: Lam Research’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lam Research's return on invested capital?
Lam Research (LRCX) reported return on invested capital of 73.6% in Q1 2026.
How has Lam Research's return on invested capital changed year-over-year?
Lam Research's return on invested capital increased by 26.4% year-over-year, from 58.2% to 73.6%.
What is the long-term trend for Lam Research's return on invested capital?
Over 4 years (2021 to 2025), Lam Research's return on invested capital has grown at a 1.6% compound annual growth rate (CAGR), from 215% to 228.9%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.