Lam Research Corp (LRCX)
Operating profit margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 4,263,910 | 5,174,860 | 5,381,820 | 4,482,020 | 2,673,800 |
| Revenue | US$ in thousands | 14,900,500 | 17,235,000 | 17,041,600 | 14,410,600 | 9,863,980 |
| Operating profit margin | 28.62% | 30.03% | 31.58% | 31.10% | 27.11% |
June 30, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $4,263,910K ÷ $14,900,500K
= 28.62%
Over the past five years, Lam Research Corp's operating profit margin has exhibited some fluctuation. The operating profit margin decreased from 31.10% in 2021 to 27.11% in 2020, before rebounding to 31.58% in 2022. However, in the subsequent years, the operating profit margin experienced a downward trend, declining to 30.03% in 2023 and further to 28.62% in 2024. This indicates that the company may be facing challenges in maintaining its profitability levels in recent years. Further analysis of the company's cost structure and revenue generation would be necessary to determine the underlying factors driving these fluctuations in operating profit margin.
Peer comparison
Jun 30, 2024