Lam Research Corporation (LRCX) vs Texas Instruments Incorporated (TXN)
A side-by-side comparison of Lam Research Corporation and Texas Instruments Incorporated across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 29, 2026. Differences are shown without an overall score or investment verdict.
LRCX
Lam Research Corporation
$252.35TechnologyDelayed quote: Jul 29, 2026, 4:00 PM EDT
TXN
Texas Instruments Incorporated
$271.30TechnologyDelayed quote: Jul 29, 2026, 4:00 PM EDT
Total return — LRCX vs TXN
growth of $100 · dividends reinvested · last 30yLRCX +42212.9%TXN +8511.3%LRCX compounded faster
LRCX TXN
LRCX vs TXN: by the numbers
- •LRCX is the larger company ($315.58B vs $247.76B market cap).
- •TXN trades at the lower trailing earnings multiple (42.11 vs 50.87 P/E), one valuation lens rather than an overall verdict.
- •TXN converts more revenue to profit (31.11% vs 30.94% net margin).
- •LRCX grew revenue faster over the past five years (10.31% vs 3.02% CAGR).
- •TXN pays the higher dividend yield (2.03% vs 0.39%).
Metrics side by side
Valuation
| Metric | LRCX | TXN |
|---|---|---|
| P/E ratio | 50.87 | 42.11 |
| Forward P/E | 47.34 | 32.85 |
| P/S ratio | 15.63 | 13.10 |
| P/B ratio | 32.03 | 14.16 |
| PEG ratio | 0.54 | 7.94 |
| EV / EBITDA | 43.07 | 29.84 |
| FCF yield | 1.90% | 2.10% |
Profitability
| Metric | LRCX | TXN |
|---|---|---|
| Gross margin | 49.98% | 58.33% |
| Operating margin | 34.26% | 37.29% |
| Net margin | 30.94% | 31.11% |
| ROE | 63.38% | 33.61% |
| ROIC | 34.00% | 16.46% |
Dividends
| Metric | LRCX | TXN |
|---|---|---|
| Dividend yield | 0.39% | 2.03% |
| Payout ratio | 24.94% | 103.12% |
Growth (annualized)
| Metric | LRCX | TXN |
|---|---|---|
| Revenue CAGR (5Y) | 10.31% | 3.02% |
| EPS CAGR (5Y) | 21.72% | -2.07% |
| FCF CAGR (5Y) | 19.28% | -3.76% |
| Total return CAGR (5Y) | 34.92% | 11.18% |
Frequently asked
- Which has the lower trailing P/E, LRCX or TXN?
- TXN has the lower trailing P/E: LRCX trades at 50.87 and TXN at 42.11. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, LRCX or TXN?
- Over the past five years, LRCX grew revenue faster — LRCX at a 10.31% CAGR versus TXN at 3.02%.
- Does LRCX or TXN pay a bigger dividend?
- LRCX yields 0.39% and TXN yields 2.03% based on trailing dividends and the latest price.
- Is LRCX or TXN more profitable?
- TXN runs the higher net margin — LRCX at 30.94% versus TXN at 31.11%.
- How have LRCX and TXN total returns compared?
- Over the past 10 years, LRCX delivered 41.91% and TXN delivered 17.83% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Lam Research P/E ratioTexas Instruments P/E ratioLam Research dividend yieldTexas Instruments dividend yieldLam Research ROETexas Instruments ROELam Research operating marginTexas Instruments operating marginLam Research revenue growthTexas Instruments revenue growthLam Research free cash flowTexas Instruments free cash flow
Lam Research & Texas Instruments 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 29, 2026.