Head-to-head · free
Applied Materials, Inc. vs Lam Research
AMAT vs LRCX — return on capital, cash generation, margins and balance sheet side by side.
AMAT
1 / 8
measures where AMAT leads
LRCX
7 / 8
measures where LRCX leads
A simple count of which company scores better on each measure — not a recommendation to buy or sell.
| Measure | AMAT · FY2025 | LRCX · FY2026 |
|---|---|---|
| Revenue | $28.4B | $23.2B |
| Net income | $7.0B | $7.3B |
| Revenue growth (yearly, multi-year) | 5.3% | 7.8% |
| Free cash flow | $5.7B | — |
| Free cash flow margin | 20.1% | — |
| Net cash / (debt) | — | — |
| ROIC | 23.2% | 46.0% |
| Return on equity | 35.5% | 65.1% |
| Gross margin | 48.7% | 50.5% |
| Operating margin | 29.9% | 35.3% |
| Net debt / EBITDA | -0.08x | -0.21x |
Figures are as reported by each company; latest fiscal year shown.
Where Applied Materials, Inc.'s cash went (FY2025)
- Capital spending
- $2.3B
- Buybacks
- —
- Dividends
- —
- Acquisitions
- —
- Net debt issued / (repaid)
- —
Where Lam Research's cash went (FY2026)
- Capital spending
- —
- Buybacks
- —
- Dividends
- —
- Acquisitions
- —
- Net debt issued / (repaid)
- —
Ask which business is stronger
"Which one reinvests at higher returns?" "Who carries more risk in its filings?" Get answers drawn straight from both companies' filings.
Compare them free