Profitability ratios measure the company ability to generate profitable sales from its resources (assets).

Profitability Ratios (Summary)
Gross Profit Margin
Operating Profit Margin
Net Profit Margin
Return on Equity (ROE)
Return on Assets (ROA)

Lam Research Corp., profitability ratios

		Jun 30, 2024	Jun 25, 2023	Jun 26, 2022	Jun 27, 2021	Jun 28, 2020	Jun 30, 2019
	Return on Sales
	Gross profit margin
	Operating profit margin
	Net profit margin
	Return on Investment
	Return on equity (ROE)
	Return on assets (ROA)

Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30).

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Profitability ratio	Description	The company
Gross profit margin	Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures.	Lam Research Corp. gross profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.
Operating profit margin	A profitability ratio calculated as operating income divided by revenue.	Lam Research Corp. operating profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024.
Net profit margin	An indicator of profitability, calculated as net income divided by revenue.	Lam Research Corp. net profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

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Profitability ratio	Description	The company
ROE	A profitability ratio calculated as net income divided by shareholders’ equity.	Lam Research Corp. ROE deteriorated from 2022 to 2023 and from 2023 to 2024.
ROA	A profitability ratio calculated as net income divided by total assets.	Lam Research Corp. ROA deteriorated from 2022 to 2023 and from 2023 to 2024.

Lam Research Corp., gross profit margin calculation, comparison to benchmarks

		Jun 30, 2024	Jun 25, 2023	Jun 26, 2022	Jun 27, 2021	Jun 28, 2020	Jun 30, 2019
	Selected Financial Data (US$ in thousands)
	Gross margin
	Revenue
	Profitability Ratio
	Gross profit margin¹
	Benchmarks
	Gross Profit Margin, Competitors²
	Advanced Micro Devices Inc.
	Analog Devices Inc.
	Applied Materials Inc.
	Broadcom Inc.
	First Solar Inc.
	Intel Corp.
	KLA Corp.
	Micron Technology Inc.
	Monolithic Power Systems Inc.
	NVIDIA Corp.
	Qualcomm Inc.
	Texas Instruments Inc.

Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30).

¹ 2024 Calculation
Gross profit margin = 100 × Gross margin ÷ Revenue
= 100 × ÷ =

² Click competitor name to see calculations.

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Profitability ratio	Description	The company
Gross profit margin	Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures.	Lam Research Corp. gross profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.

Lam Research Corp., operating profit margin calculation, comparison to benchmarks

		Jun 30, 2024	Jun 25, 2023	Jun 26, 2022	Jun 27, 2021	Jun 28, 2020	Jun 30, 2019
	Selected Financial Data (US$ in thousands)
	Operating income
	Revenue
	Profitability Ratio
	Operating profit margin¹
	Benchmarks
	Operating Profit Margin, Competitors²
	Advanced Micro Devices Inc.
	Analog Devices Inc.
	Applied Materials Inc.
	Broadcom Inc.
	First Solar Inc.
	Intel Corp.
	KLA Corp.
	Micron Technology Inc.
	Monolithic Power Systems Inc.
	NVIDIA Corp.
	Qualcomm Inc.
	Texas Instruments Inc.
	Operating Profit Margin, Sector
	Semiconductors & Semiconductor Equipment
	Operating Profit Margin, Industry
	Information Technology

Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30).

¹ 2024 Calculation
Operating profit margin = 100 × Operating income ÷ Revenue
= 100 × ÷ =

² Click competitor name to see calculations.

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Profitability ratio	Description	The company
Operating profit margin	A profitability ratio calculated as operating income divided by revenue.	Lam Research Corp. operating profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

Lam Research Corp., net profit margin calculation, comparison to benchmarks

		Jun 30, 2024	Jun 25, 2023	Jun 26, 2022	Jun 27, 2021	Jun 28, 2020	Jun 30, 2019
	Selected Financial Data (US$ in thousands)
	Net income
	Revenue
	Profitability Ratio
	Net profit margin¹
	Benchmarks
	Net Profit Margin, Competitors²
	Advanced Micro Devices Inc.
	Analog Devices Inc.
	Applied Materials Inc.
	Broadcom Inc.
	First Solar Inc.
	Intel Corp.
	KLA Corp.
	Micron Technology Inc.
	Monolithic Power Systems Inc.
	NVIDIA Corp.
	Qualcomm Inc.
	Texas Instruments Inc.
	Net Profit Margin, Sector
	Semiconductors & Semiconductor Equipment
	Net Profit Margin, Industry
	Information Technology

Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30).

¹ 2024 Calculation
Net profit margin = 100 × Net income ÷ Revenue
= 100 × ÷ =

² Click competitor name to see calculations.

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Profitability ratio	Description	The company
Net profit margin	An indicator of profitability, calculated as net income divided by revenue.	Lam Research Corp. net profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

Lam Research Corp., ROE calculation, comparison to benchmarks

		Jun 30, 2024	Jun 25, 2023	Jun 26, 2022	Jun 27, 2021	Jun 28, 2020	Jun 30, 2019
	Selected Financial Data (US$ in thousands)
	Net income
	Stockholders’ equity
	Profitability Ratio
	ROE¹
	Benchmarks
	ROE, Competitors²
	Advanced Micro Devices Inc.
	Analog Devices Inc.
	Applied Materials Inc.
	Broadcom Inc.
	First Solar Inc.
	Intel Corp.
	KLA Corp.
	Micron Technology Inc.
	Monolithic Power Systems Inc.
	NVIDIA Corp.
	Qualcomm Inc.
	Texas Instruments Inc.
	ROE, Sector
	Semiconductors & Semiconductor Equipment
	ROE, Industry
	Information Technology

Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30).

¹ 2024 Calculation
ROE = 100 × Net income ÷ Stockholders’ equity
= 100 × ÷ =

² Click competitor name to see calculations.

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Profitability ratio	Description	The company
ROE	A profitability ratio calculated as net income divided by shareholders’ equity.	Lam Research Corp. ROE deteriorated from 2022 to 2023 and from 2023 to 2024.

Lam Research Corp., ROA calculation, comparison to benchmarks

		Jun 30, 2024	Jun 25, 2023	Jun 26, 2022	Jun 27, 2021	Jun 28, 2020	Jun 30, 2019
	Selected Financial Data (US$ in thousands)
	Net income
	Total assets
	Profitability Ratio
	ROA¹
	Benchmarks
	ROA, Competitors²
	Advanced Micro Devices Inc.
	Analog Devices Inc.
	Applied Materials Inc.
	Broadcom Inc.
	First Solar Inc.
	Intel Corp.
	KLA Corp.
	Micron Technology Inc.
	Monolithic Power Systems Inc.
	NVIDIA Corp.
	Qualcomm Inc.
	Texas Instruments Inc.
	ROA, Sector
	Semiconductors & Semiconductor Equipment
	ROA, Industry
	Information Technology

Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30).

¹ 2024 Calculation
ROA = 100 × Net income ÷ Total assets
= 100 × ÷ =

² Click competitor name to see calculations.

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Profitability ratio	Description	The company
ROA	A profitability ratio calculated as net income divided by total assets.	Lam Research Corp. ROA deteriorated from 2022 to 2023 and from 2023 to 2024.

	Lam Research Corp.	Other companies (not purchased previously)
Financial Statements
Common-Size Financial Statements
Analysis of Financial Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis of Components of Financial Statements
Financial Reporting Quality
Stock Price Trends

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Financial Statements
Common-Size Financial Statements
Analysis of Financial Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis of Components of Financial Statements
Financial Reporting Quality
Stock Price Trends

Lam Research Corp. (NASDAQ:LRCX)

Analysis of Profitability Ratios

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Profitability Ratios (Summary)

Gross Profit Margin

Operating Profit Margin

Net Profit Margin

Return on Equity (ROE)

Return on Assets (ROA)