Entegris, Inc. (ENTG) vs Lam Research Corporation (LRCX)

Entegris, Inc. and Lam Research Corporation are both Semiconductor Equipment & Materials companies. Lam Research Corporation is the larger, with a market value of $347.2B against $22.4B — 15.5× the size. Lam Research Corporation trades at the lower P/E: 45.6× against 69.5×. Lam Research Corporation grew revenue faster over the last twelve months: 26.0% against 3.20%. Lam Research Corporation has the higher net margin (31.3% vs 9.18%) and the higher return on invested capital (48.2% vs 4.60%). Both pay a dividend; Lam Research Corporation yields more (0.42% vs 0.29%). Across the 23 metrics below, Lam Research Corporation leads on 15 and Entegris, Inc. on 8.

Valuation

Metric ENTG LRCX Semiconductor Equipment & Materials median
P/E 69.48 45.59 45.03
P/S 6.38 14.26 4.64
P/B 5.11 26.56 3.22
Price to free cash flow 36.91 67.73 48.18
EV/EBITDA 26.96 38.12 33.11
EV/Sales 7.33 14.18 5.52
Earnings yield 1.44% 2.19% 1.41%
Free cash flow yield 2.71% 1.48% 1.67%

Profitability

Metric ENTG LRCX Semiconductor Equipment & Materials median
Gross margin 45.48% 50.47% 43.95%
Operating margin 16.05% 35.29% 10.32%
Net margin 9.18% 31.27% 7.45%
Free cash flow margin 17.29% 21.05% 6.77%
Return on equity 7.67% 65.07% 4.78%
Return on assets 3.62% 32.38% 3.62%
Return on invested capital 4.60% 48.23% 6.10%

Growth

Metric ENTG LRCX Semiconductor Equipment & Materials median
Revenue growth (TTM) 3.20% 26.02% 14.60%
EPS growth (last fiscal year) (19.69%) 38.80% (4.56%)
Revenue growth, 5-year CAGR 11.45% 9.70% 10.11%
Net income growth, 5-year CAGR (4.40%) 13.20% 0.00%

Health

Metric ENTG LRCX Semiconductor Equipment & Materials median
Debt to equity 0.83 0.30 0.09
Current ratio 3.05 2.63 3.66
Net debt to EBITDA 3.90 (0.21) (0.49)

Dividend

Metric ENTG LRCX Semiconductor Equipment & Materials median
Dividend yield 0.29% 0.42% 0.42%
Payout ratio 0.20 0.19 0.19

Size

Metric ENTG LRCX Semiconductor Equipment & Materials median
Market cap 22.44b 347.22b 3.80b

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