Is LRCX or TSM cheaper?

On trailing earnings, TSM is cheaper: LRCX trades at a 69.21 P/E and TSM at 35.24.

Which has grown faster, LRCX or TSM?

Over the past five years, TSM grew revenue faster — LRCX at a 10.31% CAGR versus TSM at 22.49%.

Does LRCX or TSM pay a bigger dividend?

LRCX yields 0.28% and TSM yields 0.83% based on trailing dividends and the latest price.

Is LRCX or TSM more profitable?

TSM runs the higher net margin — LRCX at 30.94% versus TSM at 46.90%.

Which has been the better investment, LRCX or TSM?

Over the past 10-year, LRCX delivered the higher annualized total return — LRCX at 48.10% versus TSM at 35.19%. Past performance doesn't predict future results.

Lam Research Corporation (LRCX) vs Taiwan Semiconductor Manufacturing Company Limited (TSM)

TSM leads on 12 of 16 compared metrics.

A side-by-side comparison of Lam Research Corporation and Taiwan Semiconductor Manufacturing Company Limited across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 14, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

LRCX

Lam Research Corporation

$458.72B

$366.81Technology

TSM

Taiwan Semiconductor Manufacturing Company Limited

$2.20T

$423.93Technology

Total return — LRCX vs TSM

growth of $100 · last 29y

LRCX +24354.0%TSM +7621.9%LRCX compounded faster

LRCX TSM

LRCX vs TSM: by the numbers

•TSM is the larger company ($2.20T vs $458.72B market cap).
•TSM trades at the lower earnings multiple (35.24 vs 69.21 P/E).
•TSM converts more revenue to profit (46.90% vs 30.94% net margin).
•TSM grew revenue faster over the past five years (22.49% vs 10.31% CAGR).
•TSM pays the higher dividend yield (0.83% vs 0.28%).

Which is better, LRCX or TSM?

Metric tally: LRCX 4 · TSM 12

It depends on what you're optimizing for:

ValueTSM(lower P/E)

GrowthTSM(faster 5Y revenue CAGR)

IncomeTSM(higher dividend yield)

QualityLRCX(higher ROIC)

Valuation

Metric	LRCX	TSM
P/E ratio	69.21	35.24●
Forward P/E	45.79	—
P/S ratio	21.27	16.45●
P/B ratio	43.57	11.92●
PEG ratio	0.54●	0.64
EV / EBITDA	57.60	20.78●
FCF yield	1.40%	1.62%●

Profitability

Metric	LRCX	TSM
Gross margin	49.98%	61.78%●
Operating margin	34.26%	53.15%●
Net margin	30.94%	46.90%●
ROE	63.38%●	33.98%
ROIC	34.00%●	25.10%

Dividends

Metric	LRCX	TSM
Dividend yield	0.28%	0.83%●
Payout ratio	24.22%	33.09%

Growth (annualized)

Metric	LRCX	TSM
Revenue CAGR (5Y)	10.31%	22.49%●
EPS CAGR (5Y)	21.72%	25.67%●
FCF CAGR (5Y)	19.28%	30.09%●
Total return CAGR (5Y)	43.19%●	30.87%

Frequently asked

Which is better, LRCX or TSM?: It depends on your goal. value: TSM (lower P/E); growth: TSM (faster 5Y revenue CAGR); income: TSM (higher dividend yield); quality: LRCX (higher ROIC). Across all compared metrics, TSM leads 12 to 4.
Is LRCX or TSM cheaper?: On trailing earnings, TSM is cheaper: LRCX trades at a 69.21 P/E and TSM at 35.24.
Which has grown faster, LRCX or TSM?: Over the past five years, TSM grew revenue faster — LRCX at a 10.31% CAGR versus TSM at 22.49%.
Does LRCX or TSM pay a bigger dividend?: LRCX yields 0.28% and TSM yields 0.83% based on trailing dividends and the latest price.
Is LRCX or TSM more profitable?: TSM runs the higher net margin — LRCX at 30.94% versus TSM at 46.90%.
Which has been the better investment, LRCX or TSM?: Over the past 10-year, LRCX delivered the higher annualized total return — LRCX at 48.10% versus TSM at 35.19%. Past performance doesn't predict future results.

Go deeper

Full LRCX analysis Full TSM analysis Interactive comparison tool

Dig into the metrics

Lam Research P/E ratio Taiwan Semiconductor Manufacturing P/E ratio Lam Research dividend yield Taiwan Semiconductor Manufacturing dividend yield Lam Research ROE Taiwan Semiconductor Manufacturing ROE Lam Research operating margin Taiwan Semiconductor Manufacturing operating margin Lam Research revenue growth Taiwan Semiconductor Manufacturing revenue growth Lam Research free cash flow Taiwan Semiconductor Manufacturing free cash flow

Lam Research & Taiwan Semiconductor Manufacturing appear in these rankings

Fastest Revenue Growth Stocks Highest ROE Stocks Highest ROIC Stocks Highest Operating Margin 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 June 14, 2026.