Lam Research Corp (LRCX) - Net Assets
Based on the latest financial reports, Lam Research Corp (LRCX) has net assets worth $10.58 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($20.79 Billion) and total liabilities ($10.21 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Lam Research Corp (LRCX) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $10.58 Billion |
| % of Total Assets | 50.91% |
| Annual Growth Rate | 14.99% |
| 5-Year Change | 63.62% |
| 10-Year Change | 61.61% |
| Growth Volatility | 32.39 |
Lam Research Corp - Net Assets Trend (1986–2025)
This chart illustrates how Lam Research Corp's net assets have evolved over time, based on quarterly financial data. See LRCX defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Lam Research Corp (1986–2025)
The table below shows the annual net assets of Lam Research Corp from 1986 to 2025. For live valuation and market cap data, see Lam Research Corp stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | $9.86 Billion | +15.48% |
| 2024-06-30 | $8.54 Billion | +4.01% |
| 2023-06-30 | $8.21 Billion | +30.77% |
| 2022-06-30 | $6.28 Billion | +4.17% |
| 2021-06-30 | $6.03 Billion | +16.28% |
| 2020-06-30 | $5.18 Billion | +9.74% |
| 2019-06-30 | $4.72 Billion | -28.22% |
| 2018-06-30 | $6.58 Billion | -5.83% |
| 2017-06-30 | $6.99 Billion | +14.51% |
| 2016-06-30 | $6.10 Billion | +14.17% |
| 2015-06-30 | $5.34 Billion | +2.53% |
| 2014-06-30 | $5.21 Billion | +11.49% |
| 2013-06-30 | $4.68 Billion | -12.14% |
| 2012-06-30 | $5.32 Billion | +115.48% |
| 2011-06-30 | $2.47 Billion | +39.69% |
| 2010-06-30 | $1.77 Billion | +21.68% |
| 2009-06-30 | $1.45 Billion | -18.55% |
| 2008-06-30 | $1.78 Billion | +51.57% |
| 2007-06-30 | $1.18 Billion | -15.70% |
| 2006-06-30 | $1.40 Billion | +30.86% |
| 2005-06-30 | $1.07 Billion | +31.32% |
| 2004-06-30 | $812.47 Million | +25.17% |
| 2003-06-30 | $649.08 Million | -3.85% |
| 2002-06-30 | $675.06 Million | -5.24% |
| 2001-06-30 | $712.37 Million | +12.11% |
| 2000-06-30 | $635.42 Million | +55.38% |
| 1999-06-30 | $408.96 Million | -21.82% |
| 1998-06-30 | $523.09 Million | -11.44% |
| 1997-06-30 | $590.64 Million | -3.14% |
| 1996-06-30 | $609.79 Million | +54.27% |
| 1995-06-30 | $395.26 Million | +123.56% |
| 1994-06-30 | $176.80 Million | +35.69% |
| 1993-06-30 | $130.30 Million | +22.23% |
| 1992-06-30 | $106.60 Million | +73.90% |
| 1991-06-30 | $61.30 Million | +12.68% |
| 1990-06-30 | $54.40 Million | -4.73% |
| 1989-06-30 | $57.10 Million | +22.27% |
| 1988-06-30 | $46.70 Million | +17.34% |
| 1987-06-30 | $39.80 Million | -6.35% |
| 1986-06-30 | $42.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lam Research Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 439126.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $28.99 Billion | 293.96% |
| Common Stock | $1.27 Million | 0.01% |
| Other Comprehensive Income | $-62.42 Million | -0.63% |
| Total Equity | $9.86 Billion | 100.00% |
Lam Research Corp Competitors by Market Cap
The table below lists competitors of Lam Research Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bank of America Corp
NYSE:BAC
|
$391.45 Billion |
|
Applied Materials Inc
NASDAQ:AMAT
|
$396.35 Billion |
|
Mastercard Inc
NYSE:MA
|
$429.73 Billion |
|
Costco Wholesale Corp
NASDAQ:COST
|
$432.28 Billion |
|
Berkshire Hathaway Inc
NYSE:BRK-A
|
$370.22 Billion |
|
Caterpillar Inc
NYSE:CAT
|
$362.70 Billion |
|
Chevron Corp
NYSE:CVX
|
$361.71 Billion |
|
AbbVie Inc
NYSE:ABBV
|
$356.49 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lam Research Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,539,454,000 to 9,861,619,000, a change of 1,322,165,000 (15.5%).
- Net income of 5,358,217,000 contributed positively to equity growth.
- Dividend payments of 1,149,542,000 reduced retained earnings.
- Share repurchases of 3,422,321,000 reduced equity.
- New share issuances of 2,452,000 increased equity.
- Other comprehensive income increased equity by 68,005,000.
- Other factors increased equity by 465,354,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $5.36 Billion | +54.33% |
| Dividends Paid | $1.15 Billion | -11.66% |
| Share Repurchases | $3.42 Billion | -34.7% |
| Share Issuances | $2.45 Million | +0.02% |
| Other Comprehensive Income | $68.00 Million | +0.69% |
| Other Changes | $465.35 Million | +4.72% |
| Total Change | $- | 15.48% |
Book Value vs Market Value Analysis
This analysis compares Lam Research Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 47.99x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 2934.48x to 47.99x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1986-06-30 | $0.13 | $366.81 | x |
| 1987-06-30 | $0.12 | $366.81 | x |
| 1988-06-30 | $0.10 | $366.81 | x |
| 1989-06-30 | $0.12 | $366.81 | x |
| 1990-06-30 | $0.11 | $366.81 | x |
| 1991-06-30 | $0.11 | $366.81 | x |
| 1992-06-30 | $0.17 | $366.81 | x |
| 1993-06-30 | $0.18 | $366.81 | x |
| 1994-06-30 | $0.21 | $366.81 | x |
| 1995-06-30 | $0.43 | $366.81 | x |
| 1996-06-30 | $0.55 | $366.81 | x |
| 1997-06-30 | $0.64 | $366.81 | x |
| 1998-06-30 | $0.46 | $366.81 | x |
| 1999-06-30 | $0.35 | $366.81 | x |
| 2000-06-30 | $0.44 | $366.81 | x |
| 2001-06-30 | $0.54 | $366.81 | x |
| 2002-06-30 | $0.53 | $366.81 | x |
| 2003-06-30 | $0.51 | $366.81 | x |
| 2004-06-30 | $0.53 | $366.81 | x |
| 2005-06-30 | $0.75 | $366.81 | x |
| 2006-06-30 | $0.97 | $366.81 | x |
| 2007-06-30 | $0.83 | $366.81 | x |
| 2008-06-30 | $1.41 | $366.81 | x |
| 2009-06-30 | $1.16 | $366.81 | x |
| 2010-06-30 | $1.38 | $366.81 | x |
| 2011-06-30 | $1.98 | $366.81 | x |
| 2012-06-30 | $4.25 | $366.81 | x |
| 2013-06-30 | $2.70 | $366.81 | x |
| 2014-06-30 | $2.99 | $366.81 | x |
| 2015-06-30 | $3.02 | $366.81 | x |
| 2016-06-30 | $3.48 | $366.81 | x |
| 2017-06-30 | $3.80 | $366.81 | x |
| 2018-06-30 | $3.64 | $366.81 | x |
| 2019-06-30 | $2.95 | $366.81 | x |
| 2020-06-30 | $3.48 | $366.81 | x |
| 2021-06-30 | $4.15 | $366.81 | x |
| 2022-06-30 | $4.46 | $366.81 | x |
| 2023-06-30 | $6.04 | $366.81 | x |
| 2024-06-30 | $6.47 | $366.81 | x |
| 2025-06-30 | $7.64 | $366.81 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lam Research Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 54.33%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 29.06%
- • Asset Turnover: 0.86x
- • Equity Multiplier: 2.16x
- Recent ROE (54.33%) is above the historical average (18.22%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | 4.00% | 4.94% | 0.71x | 1.13x | $-2.55 Million |
| 1987 | -6.78% | -10.59% | 0.57x | 1.13x | $-6.68 Million |
| 1988 | 4.93% | 3.07% | 1.13x | 1.42x | $-2.37 Million |
| 1989 | 16.29% | 7.38% | 1.31x | 1.68x | $3.59 Million |
| 1990 | -16.18% | -6.41% | 1.29x | 1.95x | $-14.24 Million |
| 1991 | 9.95% | 4.42% | 1.18x | 1.91x | $-30.00K |
| 1992 | 9.29% | 5.98% | 1.06x | 1.47x | $-760.00K |
| 1993 | 14.50% | 7.26% | 0.97x | 2.06x | $5.87 Million |
| 1994 | 21.38% | 7.80% | 1.27x | 2.16x | $20.12 Million |
| 1995 | 22.57% | 11.18% | 1.17x | 1.73x | $49.68 Million |
| 1996 | 23.93% | 11.14% | 1.35x | 1.59x | $84.92 Million |
| 1997 | -5.69% | -3.36% | 1.04x | 1.63x | $-92.70 Million |
| 1998 | -27.64% | -13.74% | 0.91x | 2.20x | $-196.91 Million |
| 1999 | -27.61% | -17.43% | 0.66x | 2.40x | $-153.81 Million |
| 2000 | 32.22% | 16.64% | 0.99x | 1.96x | $141.21 Million |
| 2001 | 7.31% | 3.43% | 0.81x | 2.63x | $-19.13 Million |
| 2002 | -13.34% | -9.55% | 0.58x | 2.42x | $-157.56 Million |
| 2003 | -1.19% | -1.02% | 0.63x | 1.85x | $-72.65 Million |
| 2004 | 10.21% | 8.87% | 0.78x | 1.48x | $1.74 Million |
| 2005 | 28.06% | 19.92% | 1.04x | 1.36x | $192.65 Million |
| 2006 | 24.05% | 20.45% | 0.71x | 1.66x | $196.14 Million |
| 2007 | 58.28% | 26.72% | 1.22x | 1.79x | $568.30 Million |
| 2008 | 24.63% | 17.75% | 0.88x | 1.57x | $260.95 Million |
| 2009 | -20.79% | -27.08% | 0.57x | 1.34x | $-447.46 Million |
| 2010 | 19.61% | 16.25% | 0.86x | 1.41x | $169.86 Million |
| 2011 | 29.30% | 22.35% | 0.80x | 1.64x | $476.76 Million |
| 2012 | 3.17% | 6.33% | 0.33x | 1.50x | $-363.49 Million |
| 2013 | 2.44% | 3.16% | 0.50x | 1.55x | $-353.70 Million |
| 2014 | 12.13% | 13.72% | 0.58x | 1.53x | $110.98 Million |
| 2015 | 12.27% | 12.47% | 0.56x | 1.75x | $121.08 Million |
| 2016 | 14.98% | 15.53% | 0.48x | 2.01x | $303.84 Million |
| 2017 | 24.30% | 21.19% | 0.66x | 1.73x | $999.03 Million |
| 2018 | 36.18% | 21.49% | 0.89x | 1.90x | $1.72 Billion |
| 2019 | 46.40% | 22.70% | 0.80x | 2.54x | $1.72 Billion |
| 2020 | 43.44% | 22.42% | 0.69x | 2.81x | $1.73 Billion |
| 2021 | 64.85% | 26.72% | 0.92x | 2.64x | $3.31 Billion |
| 2022 | 73.35% | 26.73% | 1.00x | 2.74x | $3.98 Billion |
| 2023 | 54.94% | 25.89% | 0.93x | 2.29x | $3.69 Billion |
| 2024 | 44.82% | 25.68% | 0.80x | 2.20x | $2.97 Billion |
| 2025 | 54.33% | 29.06% | 0.86x | 2.16x | $4.37 Billion |
Industry Comparison
This section compares Lam Research Corp's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $2,085,865,400
- Average return on equity (ROE) among peers: 2.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lam Research Corp (LRCX) | $10.58 Billion | 4.00% | 0.96x | $370.23 Billion |
| Axcelis Technologies Inc (ACLS) | $481.60 Million | 10.38% | 0.30x | $5.54 Billion |
| Acm Research Inc (ACMR) | $1.93 Billion | 4.87% | 0.49x | $6.02 Billion |
| Aehr Test Systems (AEHR) | $16.79 Million | -33.66% | 0.84x | $3.24 Billion |
| Applied Materials Inc (AMAT) | $7.90 Billion | 13.57% | 0.67x | $396.35 Billion |
| Ambarella Inc (AMBA) | $-1.10 Million | 0.00% | 0.00x | $2.97 Billion |
| Amkor Technology Inc (AMKR) | $389.70 Million | 40.03% | 5.24x | $18.99 Billion |
| ASML Holding NV ADR (ASML) | $9.82 Billion | 15.86% | 0.75x | $546.45 Billion |
| Amtech Systems Inc (ASYS) | $93.09 Million | 5.70% | 0.60x | $383.25 Million |
| Atomera Inc (ATOM) | $37.35 Million | -39.25% | 0.05x | $197.35 Million |
| AXT Inc (AXTI) | $188.32 Million | 5.39% | 0.12x | $2.62 Billion |
About Lam Research Corp
Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. The company offers ALTUS systems to deposit conformal or selective films for tungsten or molybdenum metallization applications; SABRE electrochemical depos… Read more