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 July 28, 2026. Differences are shown without an overall score or investment verdict.
AMAT
Applied Materials, Inc.
$476.46TechnologyDelayed quote: Jul 28, 2026, 4:00 PM EDT
LRCX
Lam Research Corporation
$269.61TechnologyDelayed quote: Jul 28, 2026, 4:00 PM EDT
Total return — AMAT vs LRCX
growth of $100 · dividends reinvested · last 30yAMAT +24231.5%LRCX +45665.6%LRCX compounded faster
AMAT LRCX
AMAT vs LRCX: by the numbers
- •AMAT is the larger company ($378.29B vs $337.17B market cap).
- •AMAT trades at the lower trailing earnings multiple (48.58 vs 55.02 P/E), one valuation lens rather than an overall verdict.
- •LRCX converts more revenue to profit (30.94% vs 29.31% net margin).
- •LRCX grew revenue faster over the past five years (10.31% vs 9.33% CAGR).
- •AMAT pays the higher dividend yield (0.37% vs 0.36%).
Metrics side by side
Valuation
| Metric | AMAT | LRCX |
|---|---|---|
| P/E ratio | 48.58 | 55.02 |
| Forward P/E | 42.09 | 51.20 |
| P/S ratio | 14.23 | 16.91 |
| P/B ratio | 17.27 | 34.64 |
| PEG ratio | 76.84 | 0.54 |
| EV / EBITDA | 45.66 | 46.59 |
| FCF yield | 1.44% | 1.76% |
Profitability
| Metric | AMAT | LRCX |
|---|---|---|
| Gross margin | 48.96% | 49.98% |
| Operating margin | 29.51% | 34.26% |
| Net margin | 29.31% | 30.94% |
| ROE | 35.58% | 63.38% |
| ROIC | 21.96% | 34.00% |
Dividends
| Metric | AMAT | LRCX |
|---|---|---|
| Dividend yield | 0.37% | 0.36% |
| Payout ratio | 21.93% | 24.94% |
Growth (annualized)
| Metric | AMAT | LRCX |
|---|---|---|
| Revenue CAGR (5Y) | 9.33% | 10.31% |
| EPS CAGR (5Y) | 17.13% | 21.72% |
| FCF CAGR (5Y) | 9.02% | 19.28% |
| Total return CAGR (5Y) | 31.94% | 37.60% |
Frequently asked
- Which has the lower trailing P/E, AMAT or LRCX?
- AMAT has the lower trailing P/E: AMAT trades at 48.58 and LRCX at 55.02. 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 9.33% CAGR versus LRCX at 10.31%.
- Does AMAT or LRCX pay a bigger dividend?
- AMAT yields 0.37% and LRCX yields 0.36% based on trailing dividends and the latest price.
- Is AMAT or LRCX more profitable?
- LRCX runs the higher net margin — AMAT at 29.31% versus LRCX at 30.94%.
- How have AMAT and LRCX total returns compared?
- Over the past 10 years, AMAT delivered 35.87% and LRCX delivered 43.20% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Applied Materials P/E ratioLam Research P/E ratioApplied Materials dividend yieldLam Research dividend yieldApplied Materials ROELam Research ROEApplied Materials operating marginLam Research operating marginApplied Materials revenue growthLam Research revenue growthApplied Materials free cash flowLam Research free cash flow
Applied Materials & Lam Research appear in these rankings
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 July 28, 2026.