Lam Research Corporation LRCX
- Market cap
- $390.4B
- P/E
- 54.4×
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Lam Research Corporation (LRCX) Return on invested capital
Lam Research Corporation's return on invested capital over the twelve months to 30 June 2026 was 48.2%. Over the past ten years it has ranged from 13.6% (fiscal 2015) to 52.9% (fiscal 2021); the current reading is higher than 83% of that period. That is above the Semiconductor Equipment & Materials industry median of 6.10% and above the Technology sector median of 0.00%.
Return on invested capital, annual
Annual
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2026 | 48.2% | 1.87 |
| FY2025 | 46.4% | 11.64 |
| FY2024 | 34.7% | (6.30) |
| FY2023 | 41.0% | (3.08) |
| FY2022 | 44.1% | (8.76) |
| FY2021 | 52.9% | 13.85 |
| FY2020 | 39.0% | (1.72) |
| FY2019 | 40.7% | (8.89) |
| FY2018 | 49.6% | 16.96 |
| FY2017 | 32.7% | 14.01 |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| ASML ASML Holding N.V. compare | 48.3% |
| KLAC KLA Corporation compare | 48.2% |
| LRCX Lam Research Corporation | 48.2% |
| TER Teradyne, Inc. compare | 27.0% |
| AMAT Applied Materials, Inc. compare | 24.9% |
| AMKR Amkor Technology, Inc. compare | 8.64% |
| Q Qnity Electronics, Inc. compare | 6.10% |
| ONTO Onto Innovation Inc. compare | 5.56% |
| ENTG Entegris, Inc. compare | 4.60% |
| Semiconductor Equipment & Materials industry median | 6.10% |
| Technology sector median | 0.00% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
More on LRCX
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement