Lam Research Corporation (LRCX) vs Texas Instruments Incorporated (TXN)
LRCX leads on 9 of 17 compared metrics, though TXN is the cheaper stock.
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 June 14, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
LRCX
Lam Research Corporation
$366.81Technology
TXN
Texas Instruments Incorporated
$301.12Technology
Total return — LRCX vs TXN
growth of $100 · last 30yLRCX +35861.8%TXN +4434.9%LRCX compounded faster
Log scale — wide-divergence pair
LRCX TXN
LRCX vs TXN: by the numbers
- •LRCX is the larger company ($458.72B vs $274.05B market cap).
- •TXN trades at the lower earnings multiple (51.47 vs 69.21 P/E).
- •LRCX converts more revenue to profit (30.94% vs 29.11% net margin).
- •LRCX grew revenue faster over the past five years (10.31% vs 3.64% CAGR).
- •TXN pays the higher dividend yield (1.87% vs 0.28%).
Which is better, LRCX or TXN?
Metric tally: LRCX 9 · TXN 8It depends on what you're optimizing for:
ValueTXN(lower P/E)
GrowthLRCX(faster 5Y revenue CAGR)
IncomeTXN(higher dividend yield)
QualityLRCX(higher ROIC)
Valuation
| Metric | LRCX | TXN |
|---|---|---|
| P/E ratio | 69.21 | 51.47● |
| Forward P/E | 45.79 | 33.67● |
| P/S ratio | 21.27 | 14.93● |
| P/B ratio | 43.57 | 16.40● |
| PEG ratio | 0.54● | 7.87 |
| EV / EBITDA | 57.60 | 34.60● |
| FCF yield | 1.40%● | 1.35% |
Profitability
| Metric | LRCX | TXN |
|---|---|---|
| Gross margin | 49.98% | 57.32%● |
| Operating margin | 34.26% | 35.29%● |
| Net margin | 30.94%● | 29.11% |
| ROE | 63.38%● | 31.99% |
| ROIC | 34.00%● | 16.46% |
Dividends
| Metric | LRCX | TXN |
|---|---|---|
| Dividend yield | 0.28% | 1.87%● |
| Payout ratio | 24.22% | 103.12% |
Growth (annualized)
| Metric | LRCX | TXN |
|---|---|---|
| Revenue CAGR (5Y) | 10.31%● | 3.64% |
| EPS CAGR (5Y) | 21.72%● | -2.07% |
| FCF CAGR (5Y) | 19.28%● | -10.12% |
| Total return CAGR (5Y) | 43.19%● | 12.95% |
Frequently asked
- Which is better, LRCX or TXN?
- It depends on your goal. value: TXN (lower P/E); growth: LRCX (faster 5Y revenue CAGR); income: TXN (higher dividend yield); quality: LRCX (higher ROIC). Across all compared metrics, LRCX leads 9 to 8.
- Is LRCX or TXN cheaper?
- On trailing earnings, TXN is cheaper: LRCX trades at a 69.21 P/E and TXN at 51.47.
- 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 3.64%.
- Does LRCX or TXN pay a bigger dividend?
- LRCX yields 0.28% and TXN yields 1.87% based on trailing dividends and the latest price.
- Is LRCX or TXN more profitable?
- LRCX runs the higher net margin — LRCX at 30.94% versus TXN at 29.11%.
- Which has been the better investment, LRCX or TXN?
- Over the past 10-year, LRCX delivered the higher annualized total return — LRCX at 48.10% versus TXN at 20.37%. 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 June 14, 2026.