Which has the lower trailing P/E, AMAT or LRCX?

AMAT has the lower trailing P/E: AMAT trades at 39.35 and LRCX at 51.77. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, AMAT or LRCX?

Over the past five years, LRCX grew revenue faster — AMAT at a 8.81% CAGR versus LRCX at 11.25%.

Does AMAT or LRCX pay a bigger dividend?

AMAT yields 0.54% and LRCX yields 0.35% based on trailing dividends and the latest price.

Is AMAT or LRCX more profitable?

LRCX runs the higher net margin — AMAT at 30.05% versus LRCX at 31.27%.

How have AMAT and LRCX total returns compared?

Over the past 10 years, AMAT delivered 33.13% and LRCX delivered 43.62% annualized total return. Past performance doesn't predict future results.

Applied Materials, Inc. (AMAT) vs Lam Research Corporation (LRCX)

A side-by-side comparison of Applied Materials, Inc. and Lam Research Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 10, 2026. Differences are shown without an overall score or investment verdict.

AMAT

Applied Materials, Inc.

$362.43B

$456.49TechnologyDelayed quote: Sep 11, 2026, 4:00 PM EDT

LRCX

Lam Research Corporation

$372.94B

$298.22TechnologyDelayed quote: Sep 11, 2026, 4:00 PM EDT

Total return — AMAT vs LRCX

growth of $100 · dividends reinvested · last 10y

AMAT +1588.7% (+32.7%/yr)LRCX +3551.9% (+43.3%/yr)LRCX compounded faster over this window

AMAT LRCX

AMAT vs LRCX: by the numbers

•LRCX is the larger company ($372.94B vs $362.43B market cap).
•AMAT trades at the lower trailing earnings multiple (39.35 vs 51.77 P/E), one valuation lens rather than an overall verdict.
•LRCX converts more revenue to profit (31.27% vs 30.05% net margin).
•LRCX grew revenue faster over the past five years (11.25% vs 8.81% CAGR).
•AMAT pays the higher dividend yield (0.54% vs 0.35%).

Metrics side by side

Valuation

Metric	AMAT	LRCX
P/E ratio	39.35	51.77
Forward P/E	35.62	31.43
P/S ratio	11.75	16.05
P/B ratio	14.14	29.91
EV / EBITDA	36.53	42.99
FCF yield	1.55%	1.21%

Profitability

Metric	AMAT	LRCX
Gross margin	49.40%	50.47%
Operating margin	30.50%	35.29%
Net margin	30.05%	31.27%
ROE	36.16%	58.26%
ROIC	23.58%	40.77%

Dividends

Metric	AMAT	LRCX
Dividend yield	0.54%	0.35%
Payout ratio	21.03%	18.06%

Growth (annualized)

Metric	AMAT	LRCX
Revenue CAGR (5Y)	8.81%	11.25%
EPS CAGR (5Y)	17.13%	16.30%
FCF CAGR (5Y)	5.66%	12.22%
Total return CAGR (5Y)	28.17%	39.31%

Frequently asked

Which has the lower trailing P/E, AMAT or LRCX?: AMAT has the lower trailing P/E: AMAT trades at 39.35 and LRCX at 51.77. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, AMAT or LRCX?: Over the past five years, LRCX grew revenue faster — AMAT at a 8.81% CAGR versus LRCX at 11.25%.
Does AMAT or LRCX pay a bigger dividend?: AMAT yields 0.54% and LRCX yields 0.35% based on trailing dividends and the latest price.
Is AMAT or LRCX more profitable?: LRCX runs the higher net margin — AMAT at 30.05% versus LRCX at 31.27%.
How have AMAT and LRCX total returns compared?: Over the past 10 years, AMAT delivered 33.13% and LRCX delivered 43.62% annualized total return. Past performance doesn't predict future results.

Go deeper

Full AMAT analysis Full LRCX analysis Interactive comparison tool

Dig into the metrics

Applied Materials P/E ratio Lam Research P/E ratio Applied Materials dividend yield Lam Research dividend yield Applied Materials ROE Lam Research ROE Applied Materials operating margin Lam Research operating margin Applied Materials revenue growth Lam Research revenue growth Applied Materials free cash flow Lam Research free cash flow

Applied Materials & Lam Research appear in these rankings

Highest ROE Stocks Highest ROIC Stocks Highest Operating Margin Stocks Highest 10-Year Total Return Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 10, 2026.