Lam Research Corporation (LRCX) vs Taiwan Semiconductor Manufacturing Company Limited (TSM)
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 October 3, 2026. Differences are shown without an overall score or investment verdict.
LRCX
Lam Research Corporation
$347.49TechnologyDelayed quote: Oct 2, 2026, 4:00 PM EDT
TSM
Taiwan Semiconductor Manufacturing Company Limited
$472.78TechnologyDelayed quote: Oct 2, 2026, 4:00 PM EDT
Total return — LRCX vs TSM
growth of $100 · dividends reinvested · last 10yLRCX +3779.1% (+44.2%/yr)TSM +1759.9% (+34.0%/yr)LRCX compounded faster over this window
LRCX TSM
LRCX vs TSM: by the numbers
- •TSM is the larger company ($2.45T vs $434.56B market cap).
- •TSM trades at the lower trailing earnings multiple (34.23 vs 60.33 P/E), one valuation lens rather than an overall verdict.
- •TSM converts more revenue to profit (50.32% vs 31.27% net margin).
- •TSM grew revenue faster over the past five years (22.50% vs 11.25% CAGR).
- •TSM pays the higher dividend yield (0.74% vs 0.30%).
Metrics side by side
Valuation
| Metric | LRCX | TSM |
|---|---|---|
| P/E ratio | 60.33 | 34.23 |
| Forward P/E | 36.68 | N/A |
| PEG ratio | 3.67 | 1.33 |
| P/S ratio | 18.70 | 17.33 |
| P/B ratio | 34.85 | 12.16 |
| EV / EBITDA | 50.12 | 23.60 |
| FCF yield | N/A | 1.54% |
Profitability
| Metric | LRCX | TSM |
|---|---|---|
| Gross margin | 50.47% | 64.17% |
| Operating margin | 35.29% | 55.97% |
| Net margin | 31.27% | 50.32% |
| ROE | 58.26% | 35.29% |
| ROIC | 40.77% | 27.56% |
Dividends
| Metric | LRCX | TSM |
|---|---|---|
| Dividend yield | 0.30% | 0.74% |
| Payout ratio | 18.06% | 25.31% |
Growth (annualized)
| Metric | LRCX | TSM |
|---|---|---|
| Revenue CAGR (5Y) | 11.25% | 22.50% |
| EPS CAGR (5Y) | 16.30% | 25.67% |
| FCF CAGR (5Y) | N/A | 33.46% |
| Total return CAGR (5Y) | 45.00% | 35.23% |
Frequently asked
- Which has the lower trailing P/E, LRCX or TSM?
- TSM has the lower trailing P/E: LRCX trades at 60.33 and TSM at 34.23. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, LRCX or TSM?
- Over the past five years, TSM grew revenue faster — LRCX at a 11.25% CAGR versus TSM at 22.50%.
- Does LRCX or TSM pay a bigger dividend?
- LRCX yields 0.30% and TSM yields 0.74% based on trailing dividends and the latest price.
- Is LRCX or TSM more profitable?
- TSM runs the higher net margin — LRCX at 31.27% versus TSM at 50.32%.
- How have LRCX and TSM total returns compared?
- Over the past 10 years, LRCX delivered 45.25% and TSM delivered 33.94% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Lam Research P/E ratioTaiwan Semiconductor Manufacturing P/E ratioLam Research dividend yieldTaiwan Semiconductor Manufacturing dividend yieldLam Research ROETaiwan Semiconductor Manufacturing ROELam Research operating marginTaiwan Semiconductor Manufacturing operating marginLam Research revenue growthTaiwan Semiconductor Manufacturing revenue growthLam Research free cash flowTaiwan Semiconductor Manufacturing free cash flow
Lam Research & Taiwan Semiconductor Manufacturing 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 October 3, 2026.