KLA vs Lam Research KLAC vs LRCX
KLA and Lam Research on one sheet: valuation multiples, growth, margins, debt, dividends and returns, each section labelled with the period it covers, from the companies' filings. Add or remove a stock above the sheet; the link holds the set.
What differs most
- Debt / equity: KLA 1.0×, Lam Research 0.3×.
- One-year price return: Lam Research +56.6%, KLA +26.1%.
- Consensus revenue growth for next year: Lam Research +52.4%, KLA +33.9%.
- Market value: Lam Research $297.21B, KLA $194.72B.
Price return
2025-10-26 → 2026-10-26
KLAC+26.1%
LRCX+56.6%
Profile
latestSector
Technology
Technology
Industry
Semiconductors
Semiconductors
Market value
$194.72B
$297.21B
Enterprise value
$199.22B
$293.51B
Employees
17,100
23,300
Revenue per employee (TTM)
$794K
$1.1M
Our models
nightlythe valuation on each stock's pagePrice vs model
77% overvalued vs model
108% overvalued vs model
Model range
$61.47–136
$86.89–169
Models in the headline
1
1
FCF growth priced in, at a 10% return
27.6%
30.6%
Every model, its assumptions and its range: KLAC valuation · LRCX valuation. The growth priced in, at any return: KLAC reverse DCF · LRCX reverse DCF.
Trading
close 2026-10-26Last close
$149.21
$237.50
52-week high
$301.71
$433.33
52-week low
$109.71
$139.59
Price vs 52-week high
−50.5%
−45.2%
Price vs 52-week low
+36.0%
+70.1%
Average daily volume / shares
0.9%
0.8%
Beta
1.45
1.85
Returns
to 2026-10-261 month
−20.6%
−24.7%
3 months
−29.1%
−22.2%
6 months
−22.9%
−11.3%
Year to date
+22.8%
+38.7%
1 year
+26.1%
+56.6%
1 year, dividends added
+26.9%
+57.3%
2 years
+121.7%
+205.7%
Valuation
KLAC price × FY2026 · LRCX price × TTM to Sep 2026P/E (TTM)
40.8×
35.4×
P/E on consensus EPS (next FY)
27.0×
24.6×
Price / sales
14.3×
11.4×
EV / sales
14.7×
11.2×
EV / EBITDA
32.9×
28.8×
Price / book
30.7×
21.4×
Price / free cash flow (FY)
51.7×
60.8×
Free-cash-flow yield (FY)
1.9%
1.6%
Growth
TTM and FY2026Revenue growth (TTM)
+3.7%
—
Revenue growth, consensus next FY
+33.9%
+52.4%
Revenue, 3-year CAGR
9.0%
10.1%
Revenue, 5-year CAGR
14.4%
9.7%
EPS growth (TTM)
+3.6%
—
EPS growth, consensus next FY
+50.9%
+67.9%
EPS, 3-year CAGR
14.9%
20.2%
Free cash flow, 3-year CAGR
4.2%
1.5%
Diluted shares, 3-year change
−5.9%
−7.2%
Profitability
KLAC FY2026 · LRCX TTM to Sep 2026Gross margin (FY)†
61.3%
50.5%
Operating margin
41.7%
37.0%
EBITDA margin
44.6%
38.9%
Net margin
35.6%
32.3%
Free-cash-flow margin (FY)
27.7%
21.1%
Return on equity
76.1%
60.8%
Return on assets
26.9%
32.1%
Asset turnover
0.76
0.99
† Gross margin (FY): As filed. Companies draw the cost-of-revenue line in different places, so gross margins of two companies in one industry can differ for that reason alone; operating margin does not depend on where the line is drawn.
Balance sheet
KLAC MRQ Jun 2026 · LRCX MRQ Sep 2026Cash
$1.65B
$7.44B
Total debt
$6.15B
$3.74B
Net debt
$4.50B
−$3.70B
Debt / equity
1.0×
0.3×
Net debt / EBITDA (TTM)
0.7×
-0.4×
Interest coverage (FY)
19.9×
0.0×
Current ratio (FY)
2.88
2.63
Dividends
trailing 12 monthsDividend yield
0.6%
0.5%
Dividends per share
$0.84
$1.11
Payout ratio (of TTM EPS)
23.0%
16.5%
Dividend per share, 5-year CAGR
17.5%
15.5%
Frequency
Quarterly
Quarterly
Ownership and activity
last 90 days · latest 13FTracked superinvestors holding (13F)
4
9
Insider open-market buys (Form 4)
$0
$0
Insider sales (Form 4)
$60.7M
$47.6M
Analyst upgrades
0
0
Analyst downgrades
0
0
Statements
KLAC income FY2026 · cash flow FY2026 · LRCX income TTM to Sep 2026 · cash flow FY2026Revenue
$13.58B
$26.13B
EBITDA
$6.05B
$10.18B
Operating income
$5.66B
$9.65B
Net income
$4.83B
$8.45B
EPS (diluted)
$3.66
$6.71
Operating cash flow
$4.14B
$5.86B
Capital expenditure
−$375.9M
−$966.4M
Free cash flow
$3.77B
$4.89B
Dividends paid
$1.06B
$1.27B
Statements, prices, dividends and consensus estimates from Financial Modeling Prep; insider trades from Form 4 and holdings from 13F. Refreshed nightly. A comparison of filed numbers, not a recommendation to buy, sell or hold any security.