Lam Research

Information Technology Semiconductor Materials & Equipment Fremont, California Last filing Aug 11, 2025 · FY2025

                    Revenue
                    FY2025
                
$18.4B
                    3y CAGR +1.9%
                    
                    P33
                    
                    n/a
                    
                    Net income
                    FY2025
                
$5.4B
                    Net margin +29.1%
                    
                    P83
                    
                    n/a
                    
                    Total assets
                    FY2025
                
$21.3B
                    ROA +25.1%
                    
                    P92
                    
                    n/a
                    
                    Operating cash flow
                    FY2025
                
$6.2B
                    
                    n/a

18 yrs · FY2008–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

28 accounts · 1 year

Total assets $21.3B

Total liabilities $11.5B

Shareholders equity $9.9B

Account	2025	Trend
Assets
Cash and Cash Equivalents	29.9%
Accounts Receivable	15.8%
Inventory	20.2%
Prepaid Expenses	2.1%
Other Current Assets	12.1%
Total Current Assets	68.0%
Property,Plant and Equipment	11.3%
Goodwill	0.0%
Intangible Assets	0.0%
Other Noncurrent Assets	12.1%
Total Assets	100.0%
Liabilities
Accounts Payable	4.0%
Accrued Liabilities	11.2%
Deferred Revenue	12.0%
Other Current Liabilities	2.7%
Total Current Liabilities	30.8%
Long Term Debt	0.0%
Deferred Tax Liabilities	0.0%
Other Noncurrent Liabilities	2.7%
Total Liabilities	53.8%
Equity
Preferred Stock	0.0%
Common Stock	0.0%
Additional Paid In Capital	40.7%
Retained Earnings	135.8%
Treasury Stock	130.1%
Accumulated Other Comprehensive Income	-0.3%
Total Stockholders Equity	46.2%
Total Liabilitiesand Equity	100.0%

Income Statement

Revenue, expense, and profitability

20 accounts · 1 year

Revenue $18.4B

Operating income $5.9B

Net income $5.4B

Account	2025	Trend
IncomeStatement
Revenues Total Revenue	86.4%
Expenses Cost of Revenue	44.3%
Expenses Research and Development	9.8%
Expenses Selling,General and Administrative	4.6%
Expenses Depreciation and Amortization	1.8%
Expenses Share Based Compensation	1.6%
Expenses Operating Expenses	14.4%
Other Income Expense Gross Profit	42.1%
Other Income Expense Operating Income	27.6%
Other Income Expense Interest Income	1.1%
Other Income Expense Interest Expense	0.8%
Other Income Expense Other Income/expense	0.3%
Other Income Expense Income Before Tax	27.9%
Income Tax Income Tax Expense	2.8%
net Income net Income	25.1%
net Income Comprehensive Income	25.4%
Earnings Per Share Basic Eps	0.0%
Earnings Per Share Diluted Eps	0.0%
Earnings Per Share Weighted Average Shares Basic	6.0%
Earnings Per Share Weighted Average Shares Diluted	6.0%

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 1 year

Operating cash flow $6.2B

Investing cash flow $-708.1M

Financing cash flow $-4.9B

Account	2025	Trend
CashFlow
Operating Activities net Income	25.1%
Operating Activities Depreciation and Amortization	1.8%
Operating Activities Stock Based Compensation	1.6%
Operating Activities Deferred Income Taxes	-1.7%
Operating Activities Changes In Operating Assets and Liabilities	11.2%
Operating Activities net Cash From Operating Activities	28.9%
Investing Activities Business Acquisitions	0.0%
Investing Activities Proceeds From Sale of Investments	0.0%
Investing Activities Other Investing Activities	-0.2%
Investing Activities net Cash From Investing Activities	-3.3%
Financing Activities Repurchase of Common Stock	16.0%
Financing Activities Dividends Paid	5.4%
Financing Activities Proceeds From Stock Issuance	0.0%
Financing Activities Other Financing Activities	0.0%
Financing Activities net Cash From Financing Activities	-23.1%
Cash Reconciliation Effect of Exchange Rate On Cash	0.1%
Cash Reconciliation net Change In Cash	2.6%
Cash Reconciliation Cash At Beginning of Period	30.0%
Cash Reconciliation Cash At End of Period	30.0%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 1 year

Ratio	2025
Profitability
Gross margin	+48.7%
Operating margin	+32.0%
Net margin	+29.1%
FCF margin	—
Growth
Revenue CAGR (3y)	+1.9%
Returns
ROE	+54.3%
ROA	+25.1%
ROIC	+152.9%
Liquidity
Current ratio	2.21x
Quick ratio	1.49x
Leverage
D/E	1.16x
Interest coverage	33.30x
Efficiency
Asset turnover	0.86x
Cash conversion cycle	+200d

Valuation

Price against fundamentals

FY2025 fundamentals · no price

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Revenue, expense, and profitability

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Margins, returns, liquidity, leverage, efficiency

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