Return on Equity (ROE)
since 2005
Calculation
Lam Research Corp., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net income (loss)1 | ÷ | Stockholders’ equity1 | |
|---|---|---|---|---|---|---|---|
| Jun 29, 2025 | 54.33% | = | 100 | × | 5,358,217) | ÷ | 9,861,619) |
| Jun 30, 2024 | 44.82% | = | 100 | × | 3,827,772) | ÷ | 8,539,454) |
| Jun 25, 2023 | 54.94% | = | 100 | × | 4,510,931) | ÷ | 8,210,172) |
| Jun 26, 2022 | 73.35% | = | 100 | × | 4,605,286) | ÷ | 6,278,366) |
| Jun 27, 2021 | 64.85% | = | 100 | × | 3,908,458) | ÷ | 6,027,188) |
| Jun 28, 2020 | 43.53% | = | 100 | × | 2,251,753) | ÷ | 5,172,494) |
| Jun 30, 2019 | 46.89% | = | 100 | × | 2,191,430) | ÷ | 4,673,865) |
| Jun 24, 2018 | 36.62% | = | 100 | × | 2,380,681) | ÷ | 6,501,851) |
| Jun 25, 2017 | 24.90% | = | 100 | × | 1,697,763) | ÷ | 6,817,451) |
| Jun 26, 2016 | 15.51% | = | 100 | × | 914,049) | ÷ | 5,894,517) |
| Jun 28, 2015 | 12.85% | = | 100 | × | 655,577) | ÷ | 5,103,144) |
| Jun 29, 2014 | 12.57% | = | 100 | × | 632,289) | ÷ | 5,029,735) |
| Jun 30, 2013 | 2.54% | = | 100 | × | 113,879) | ÷ | 4,488,872) |
| Jun 24, 2012 | 3.29% | = | 100 | × | 168,723) | ÷ | 5,131,781) |
| Jun 26, 2011 | 29.30% | = | 100 | × | 723,748) | ÷ | 2,469,845) |
| Jun 27, 2010 | 19.61% | = | 100 | × | 346,669) | ÷ | 1,768,135) |
| Jun 28, 2009 | -20.79% | = | 100 | × | (302,148) | ÷ | 1,453,089) |
| Jun 29, 2008 | 24.70% | = | 100 | × | 439,349) | ÷ | 1,778,597) |
| Jun 24, 2007 | 58.30% | = | 100 | × | 685,816) | ÷ | 1,176,320) |
| Jun 25, 2006 | 24.05% | = | 100 | × | 335,755) | ÷ | 1,396,149) |
| Jun 26, 2005 | 28.06% | = | 100 | × | 299,341) | ÷ | 1,066,896) |
Based on: 10-K (reporting date: 2025-06-29), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-24), 10-K (reporting date: 2017-06-25), 10-K (reporting date: 2016-06-26), 10-K (reporting date: 2015-06-28), 10-K (reporting date: 2014-06-29), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-24), 10-K (reporting date: 2011-06-26), 10-K (reporting date: 2010-06-27), 10-K (reporting date: 2009-06-28), 10-K (reporting date: 2008-06-29), 10-K (reporting date: 2007-06-24), 10-K (reporting date: 2006-06-25), 10-K (reporting date: 2005-06-26).
1 US$ in thousands
The financial data reveals several significant trends in profitability, equity, and return on equity over the analyzed periods.
- Net Income
- The net income demonstrates notable volatility across the years. Initially, there was an upward trend from 299,341 thousand USD in 2005, peaking at 685,816 thousand USD in 2007. This was followed by a sharp decline into a net loss of 302,148 thousand USD in 2009. Thereafter, net income recovered and showed a general upward trajectory, reaching a substantial peak of 4,605,286 thousand USD in 2022. Following this peak, net income remained strong but exhibited fluctuations, with values oscillating between approximately 3.8 million to 5.3 million thousand USD in the most recent years. This pattern suggests a recovery from the downturn experienced during the financial crisis, with sustained profitability and growth in recent periods despite some variability.
- Stockholders’ Equity
- Stockholders’ equity displays a general increasing trend throughout the entire timeframe. Starting at 1,066,896 thousand USD in 2005, it experienced moderate growth until 2011, after which it increased significantly, peaking at over 5 billion USD in 2012. Although some fluctuations occurred, including a decline in 2019 to approximately 4.67 billion USD, equity levels rebounded strongly, reaching nearly 9.9 billion USD by 2025. This progressive growth indicates accumulation of retained earnings and possibly additional equity injections, reflecting an overall strengthening of the company's financial foundation over time.
- Return on Equity (ROE)
- Return on equity exhibited considerable variability, correlating closely with net income trends. Initially, ROE was robust, peaking at 58.3% in 2007 before dropping sharply to negative 20.79% in 2009, consistent with the net loss reported that year. Subsequently, ROE recovered and demonstrated an overall upward trend, achieving very high levels with spikes such as 64.85% in 2021 and a peak of 73.35% in 2022. Although ROE declined somewhat after these highs, it remained elevated above 40% in later years, indicating highly effective utilization of equity to generate profits. This strong performance is indicative of efficient management and profitable operations despite the fluctuations in net income and equity.
Overall, the analyzed data portrays a company that has endured significant volatility, particularly during the global financial crisis period, but has since demonstrated strong recovery and growth in profitability, equity base, and shareholder returns. The high ROE values in recent years highlight effective capital deployment, though the fluctuations in net income suggest ongoing operational challenges in certain periods. The growth in stockholders’ equity underscores a strengthening balance sheet and improved financial stability over the long term.
Comparison to Competitors
Lam Research Corp., ROE, long-term trends, comparison to competitors
| Lam Research Corp. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun 29, 2025 | 54.33% | — | — | — | — | — | 86.56% | — | 91.87% | — | — |
| Jun 30, 2024 | 44.82% | 2.85% | 4.65% | 37.77% | 8.71% | -18.89% | 82.00% | 1.72% | 69.24% | 38.60% | 28.39% |
| Jun 25, 2023 | 54.94% | 1.53% | 9.32% | 41.94% | 58.70% | 1.60% | 116.01% | -13.22% | 19.76% | 33.51% | 38.53% |
| Jun 26, 2022 | 73.35% | 2.41% | 7.54% | 53.51% | 50.62% | 7.90% | 237.04% | 17.41% | 36.65% | 71.81% | 60.02% |
| Jun 27, 2021 | 64.85% | 42.18% | 3.66% | 48.08% | 26.99% | 20.83% | 61.53% | 13.34% | 25.64% | 90.88% | 58.27% |
| Jun 28, 2020 | 43.53% | 42.66% | 10.17% | 34.21% | 12.40% | 25.79% | 45.65% | 6.89% | 22.91% | 85.54% | 60.90% |
| Jun 30, 2019 | 46.89% | 12.06% | 11.64% | 32.94% | 10.92% | 27.16% | 44.21% | 17.59% | 44.33% | 89.35% | 56.33% |
| Jun 24, 2018 | 36.62% | 26.62% | 13.61% | 48.44% | 45.99% | 28.24% | 49.51% | 43.77% | 40.78% | -524.14% | 62.04% |
| Jun 25, 2017 | 24.90% | 7.04% | 7.16% | 36.73% | 8.34% | 13.91% | 69.82% | 27.33% | 28.91% | 8.02% | 35.62% |
| Jun 26, 2016 | 15.51% | -119.47% | 16.68% | 23.85% | -9.20% | 15.58% | 102.22% | -2.28% | 13.74% | 17.95% | 34.33% |
| Jun 28, 2015 | 12.85% | — | 13.74% | 18.09% | 28.94% | 18.70% | 86.88% | 23.57% | 14.27% | 16.78% | 30.02% |
| Jun 29, 2014 | 12.57% | -215.51% | 13.23% | 13.62% | 8.11% | 20.95% | 15.88% | 28.27% | 9.87% | 20.34% | 27.15% |
| Jun 30, 2013 | 2.54% | -15.26% | 14.21% | 3.61% | 19.13% | 16.51% | 15.60% | 13.02% | 11.65% | 18.99% | 20.01% |
| Jun 24, 2012 | 3.29% | -219.89% | 15.63% | 1.51% | 23.27% | 21.49% | 22.80% | -13.40% | 14.02% | 18.22% | 16.05% |
| Jun 26, 2011 | 29.30% | 30.88% | 22.85% | 21.89% | 27.52% | 28.19% | 27.77% | 1.97% | 7.96% | 15.81% | 20.42% |
| Jun 27, 2010 | 19.61% | 46.50% | 22.25% | 12.44% | 27.57% | 23.19% | 9.45% | 23.07% | -2.55% | 15.57% | 30.93% |
| Jun 28, 2009 | -20.79% | 46.91% | 9.80% | -4.30% | -4.23% | 10.48% | -23.96% | -39.43% | -1.25% | 7.84% | 15.12% |
| Jun 29, 2008 | 24.70% | — | 32.49% | 12.73% | — | 13.54% | 12.04% | -26.21% | 30.47% | 17.61% | 20.59% |
| Jun 24, 2007 | 58.30% | -113.01% | 21.25% | 21.87% | — | 16.31% | 14.88% | -4.13% | 22.36% | 20.86% | 26.64% |
| Jun 25, 2006 | 24.05% | -2.87% | 15.99% | 22.80% | — | 13.72% | 10.66% | 5.03% | 20.76% | 18.42% | 38.21% |
| Jun 26, 2005 | 28.06% | 4.94% | 11.24% | 13.55% | — | 23.95% | 15.33% | 3.22% | 8.52% | 19.27% | 19.47% |
Based on: 10-K (reporting date: 2025-06-29), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-24), 10-K (reporting date: 2017-06-25), 10-K (reporting date: 2016-06-26), 10-K (reporting date: 2015-06-28), 10-K (reporting date: 2014-06-29), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-24), 10-K (reporting date: 2011-06-26), 10-K (reporting date: 2010-06-27), 10-K (reporting date: 2009-06-28), 10-K (reporting date: 2008-06-29), 10-K (reporting date: 2007-06-24), 10-K (reporting date: 2006-06-25), 10-K (reporting date: 2005-06-26).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
Lam Research Corp., ROE, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Lam Research Corp. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Jun 29, 2025 | 54.33% | — |
| Jun 30, 2024 | 44.82% | 11.77% |
| Jun 25, 2023 | 54.94% | 13.30% |
| Jun 26, 2022 | 73.35% | 22.70% |
| Jun 27, 2021 | 64.85% | 25.79% |
| Jun 28, 2020 | 43.53% | 24.53% |
| Jun 30, 2019 | 46.89% | 26.83% |
| Jun 24, 2018 | 36.62% | 33.43% |
| Jun 25, 2017 | 24.90% | 16.95% |
| Jun 26, 2016 | 15.51% | 13.42% |
| Jun 28, 2015 | 12.85% | 19.06% |
| Jun 29, 2014 | 12.57% | 19.77% |
| Jun 30, 2013 | 2.54% | 15.77% |
| Jun 24, 2012 | 3.29% | 14.95% |
| Jun 26, 2011 | 29.30% | 21.55% |
| Jun 27, 2010 | 19.61% | 20.99% |
| Jun 28, 2009 | -20.79% | 5.27% |
| Jun 29, 2008 | 24.70% | 10.02% |
| Jun 24, 2007 | 58.30% | 13.62% |
| Jun 25, 2006 | 24.05% | 16.52% |
| Jun 26, 2005 | 28.06% | 18.50% |
Based on: 10-K (reporting date: 2025-06-29), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-24), 10-K (reporting date: 2017-06-25), 10-K (reporting date: 2016-06-26), 10-K (reporting date: 2015-06-28), 10-K (reporting date: 2014-06-29), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-24), 10-K (reporting date: 2011-06-26), 10-K (reporting date: 2010-06-27), 10-K (reporting date: 2009-06-28), 10-K (reporting date: 2008-06-29), 10-K (reporting date: 2007-06-24), 10-K (reporting date: 2006-06-25), 10-K (reporting date: 2005-06-26).
Comparison to Industry (Information Technology)
Lam Research Corp., ROE, long-term trends, comparison to industry (information technology)
| Lam Research Corp. | Information Technology | |
|---|---|---|
| Jun 29, 2025 | 54.33% | — |
| Jun 30, 2024 | 44.82% | 29.31% |
| Jun 25, 2023 | 54.94% | 31.93% |
| Jun 26, 2022 | 73.35% | 39.07% |
| Jun 27, 2021 | 64.85% | 42.41% |
| Jun 28, 2020 | 43.53% | 35.69% |
| Jun 30, 2019 | 46.89% | 36.61% |
| Jun 24, 2018 | 36.62% | 30.39% |
| Jun 25, 2017 | 24.90% | 23.40% |
| Jun 26, 2016 | 15.51% | 23.36% |
| Jun 28, 2015 | 12.85% | 26.17% |
| Jun 29, 2014 | 12.57% | 25.60% |
| Jun 30, 2013 | 2.54% | 24.89% |
| Jun 24, 2012 | 3.29% | 26.24% |
| Jun 26, 2011 | 29.30% | 29.20% |
| Jun 27, 2010 | 19.61% | 27.87% |
| Jun 28, 2009 | -20.79% | 20.26% |
| Jun 29, 2008 | 24.70% | 25.64% |
| Jun 24, 2007 | 58.30% | 23.99% |
| Jun 25, 2006 | 24.05% | 22.71% |
| Jun 26, 2005 | 28.06% | 22.09% |
Based on: 10-K (reporting date: 2025-06-29), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-25), 10-K (reporting date: 2022-06-26), 10-K (reporting date: 2021-06-27), 10-K (reporting date: 2020-06-28), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-24), 10-K (reporting date: 2017-06-25), 10-K (reporting date: 2016-06-26), 10-K (reporting date: 2015-06-28), 10-K (reporting date: 2014-06-29), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-24), 10-K (reporting date: 2011-06-26), 10-K (reporting date: 2010-06-27), 10-K (reporting date: 2009-06-28), 10-K (reporting date: 2008-06-29), 10-K (reporting date: 2007-06-24), 10-K (reporting date: 2006-06-25), 10-K (reporting date: 2005-06-26).