LRCX vs. TXN: Lam Research vs. Texas Instruments Stock Comparison
How do Lam Research (LRCX) and Texas Instruments (TXN) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Lam Research (LRCX) and Texas Instruments (TXN) both belong to the Semiconductors & Semiconductor Equipment industry, though LRCX is classified under Semiconductor Materials & Equipment while TXN falls under Semiconductors.
| Profile Item | LRCX | TXN |
|---|---|---|
| Name | Lam Research Corp. | Texas Instruments Inc. |
| Country/Region | United States | United States |
| GICS Sector | Information Technology | Information Technology |
| GICS Industry Group | Semiconductors & Semiconductor Equipment | Semiconductors & Semiconductor Equipment |
| GICS Industry | Semiconductors & Semiconductor Equipment | Semiconductors & Semiconductor Equipment |
| GICS Sub-Industry | Semiconductor Materials & Equipment | Semiconductors |
| Market Capitalization | 250.84 billion USD | 253.58 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | Nasdaq |
| Listing Date | May 4, 1984 | June 1, 1972 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | LRCX | TXN |
|---|---|---|
| Total Return (1Y) | 36.98% | 86.19% |
| Total Return (3Y, Annualized) | 50.75% | 30.37% |
| Total Return (5Y, Annualized) | 29.74% | 12.03% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | LRCX | TXN |
|---|---|---|
| Volatility (1Y, Annualized) | 68.85% | 44.27% |
| Beta (5Y) | 2.02 | 1.40 |
| Max Drawdown (5Y) | -57.22% | -33.41% |
| Avg. Volume (3M) | 9.82M | 6.57M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | LRCX | TXN |
|---|---|---|
| Sharpe Ratio (1Y) | 0.47 | 1.85 |
| Sortino Ratio (1Y) | 0.69 | 3.15 |
Profitability
ROE (TTM)
Both companies show strong equity returns, but Lam Research (LRCX) at 70.12% is the standout with ROE above its industry range; Texas Instruments (TXN) at 39.72% also sits in the top quartile.
LRCX
Semiconductors & Semiconductor Equipment industry group
70.12%
- LRCX
- 70.12%
- Max
- 52.82%
- Q3
- 22.26%
- Median
- 10.58%
- Q1
- 1.29%
- Min
- -16.89%
TXN
Semiconductors & Semiconductor Equipment industry group
39.72%
- Max
- 52.82%
- TXN
- 39.72%
- Q3
- 22.26%
- Median
- 10.58%
- Q1
- 1.29%
- Min
- -16.89%
Net Margin (TTM)
For every dollar of sales, both Lam Research (LRCX) at 32.34% and Texas Instruments (TXN) at 34.25% retain more as net profit than most peers, landing in the top net margin quartile of their industries.
LRCX
Semiconductors & Semiconductor Equipment industry group
32.34%
- Max
- 63.80%
- LRCX
- 32.34%
- Q3
- 28.36%
- Median
- 11.44%
- Q1
- 0.90%
- Min
- -37.77%
TXN
Semiconductors & Semiconductor Equipment industry group
34.25%
- Max
- 63.80%
- TXN
- 34.25%
- Q3
- 28.36%
- Median
- 11.44%
- Q1
- 0.90%
- Min
- -37.77%
Operating Margin (TTM)
Both Lam Research (LRCX) at 39.95% and Texas Instruments (TXN) at 47.55% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.
LRCX
Semiconductors & Semiconductor Equipment industry group
39.95%
- Max
- 58.66%
- LRCX
- 39.95%
- Q3
- 30.23%
- Median
- 15.91%
- Q1
- 7.54%
- Min
- -25.74%
TXN
Semiconductors & Semiconductor Equipment industry group
47.55%
- Max
- 58.66%
- TXN
- 47.55%
- Q3
- 30.23%
- Median
- 15.91%
- Q1
- 7.54%
- Min
- -25.74%
Profitability Metrics
| Metric | LRCX | TXN |
|---|---|---|
| ROE (TTM) | 70.12% | 39.72% |
| ROA (TTM) | 25.01% | 14.85% |
| Net Margin (TTM) | 32.34% | 34.25% |
| Operating Margin (TTM) | 39.95% | 47.55% |
| Gross Margin (TTM) | 51.05% | 60.24% |
Growth
Revenue Growth
Lam Research (LRCX) at 26.02% sits in the top revenue growth quartile, while Texas Instruments (TXN) at 13.05% is closer to the peer norm — faster top-line expansion for LRCX.
EPS Growth
Both Lam Research (LRCX) at 38.80% and Texas Instruments (TXN) at 4.81% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.
Growth Metrics
| Metric | LRCX | TXN |
|---|---|---|
| Revenue Growth (YoY) | 26.02% | 13.05% |
| Revenue Growth (3Y CAGR) | 10.06% | -4.07% |
| EPS Growth (YoY) | 38.80% | 4.81% |
| EPS Growth (3Y CAGR) | 20.15% | -16.64% |
Financial Strength
Current Ratio (MRQ)
Both Lam Research (LRCX) at 2.48 and Texas Instruments (TXN) at 5.60 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.
LRCX
Semiconductors & Semiconductor Equipment industry group
2.48
- Max
- 10.33
- Q3
- 5.62
- Median
- 3.33
- LRCX
- 2.48
- Q1
- 2.35
- Min
- 1.03
TXN
Semiconductors & Semiconductor Equipment industry group
5.60
- Max
- 10.33
- Q3
- 5.62
- TXN
- 5.60
- Median
- 3.33
- Q1
- 2.35
- Min
- 1.03
Debt / Equity (MRQ)
Lam Research (LRCX) at 0.27 carries an industry-typical debt-to-equity mix, while Texas Instruments (TXN) at 0.71 uses more debt funding than most peers.
LRCX
Semiconductors & Semiconductor Equipment industry group
0.27
- Max
- 1.46
- Q3
- 0.65
- LRCX
- 0.27
- Median
- 0.27
- Q1
- 0.04
- Min
- 0.00
TXN
Semiconductors & Semiconductor Equipment industry group
0.71
- Max
- 1.46
- TXN
- 0.71
- Q3
- 0.65
- Median
- 0.27
- Q1
- 0.04
- Min
- 0.00
Financial Strength Metrics
| Metric | LRCX | TXN |
|---|---|---|
| Current Ratio (MRQ) | 2.48 | 5.60 |
| Debt / Equity (MRQ) | 0.27 | 0.71 |
| Net Debt / EBITDA | -0.37 | 0.51 |
Dividends
Dividend Yield (TTM)
Lam Research (LRCX) at 0.60% pays an industry-typical yield; Texas Instruments (TXN) at 2.04% is above its entire peer range — the higher number, but one that calls for a look at payout sustainability before treating it as an advantage.
LRCX
Semiconductors & Semiconductor Equipment industry group
0.60%
- Max
- 1.37%
- Q3
- 0.65%
- LRCX
- 0.60%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
TXN
Semiconductors & Semiconductor Equipment industry group
2.04%
- TXN
- 2.04%
- Max
- 1.37%
- Q3
- 0.65%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Lam Research (LRCX) at 16.54% keeps its payout in the industry’s typical band, while Texas Instruments (TXN) at 73.67% pays out more than any of its peers — the most stretched cover in its group.
LRCX
Semiconductors & Semiconductor Equipment industry group
16.54%
- Max
- 49.64%
- Q3
- 21.71%
- LRCX
- 16.54%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
TXN
Semiconductors & Semiconductor Equipment industry group
73.67%
- TXN
- 73.67%
- Max
- 49.64%
- Q3
- 21.71%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | LRCX | TXN |
|---|---|---|
| Dividend Yield (TTM) | 0.60% | 2.04% |
| Dividend Payout Ratio (TTM) | 16.54% | 73.67% |
Valuation
P/E Ratio (TTM)
Both Lam Research (LRCX) at 29.87 and Texas Instruments (TXN) at 35.97 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.
LRCX
Semiconductors & Semiconductor Equipment industry group
29.87
- Max
- 110.34
- Q3
- 66.81
- Median
- 37.02
- LRCX
- 29.87
- Q1
- 23.96
- Min
- 8.12
TXN
Semiconductors & Semiconductor Equipment industry group
35.97
- Max
- 110.34
- Q3
- 66.81
- Median
- 37.02
- TXN
- 35.97
- Q1
- 23.96
- Min
- 8.12
P/S Ratio (TTM)
On P/S ratio, both Lam Research (LRCX) at 9.60 and Texas Instruments (TXN) at 12.21 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.
LRCX
Semiconductors & Semiconductor Equipment industry group
9.60
- Max
- 21.42
- Q3
- 12.27
- LRCX
- 9.60
- Median
- 5.76
- Q1
- 2.73
- Min
- 0.00
TXN
Semiconductors & Semiconductor Equipment industry group
12.21
- Max
- 21.42
- Q3
- 12.27
- TXN
- 12.21
- Median
- 5.76
- Q1
- 2.73
- Min
- 0.00
P/B Ratio (MRQ)
Both look rich against book: Texas Instruments (TXN) at 13.21 sits in the upper P/B ratio quartile, and Lam Research (LRCX) at 18.00 prices even higher, above its industry range.
LRCX
Semiconductors & Semiconductor Equipment industry group
18.00
- LRCX
- 18.00
- Max
- 14.06
- Q3
- 7.44
- Median
- 4.29
- Q1
- 2.30
- Min
- 0.20
TXN
Semiconductors & Semiconductor Equipment industry group
13.21
- Max
- 14.06
- TXN
- 13.21
- Q3
- 7.44
- Median
- 4.29
- Q1
- 2.30
- Min
- 0.20
Valuation Metrics
| Metric | LRCX | TXN |
|---|---|---|
| P/E Ratio (TTM) | 29.87 | 35.97 |
| P/S Ratio (TTM) | 9.60 | 12.21 |
| P/B Ratio (MRQ) | 18.00 | 13.21 |
| Free Cash Flow Yield (TTM) | 1.81% | 1.88% |