Lam Research Corp (LRCX)
Operating return on assets (Operating ROA)
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 5,900,970 | 4,263,910 | 5,174,860 | 5,381,820 | 4,482,020 |
| Total assets | US$ in thousands | 21,345,300 | 18,744,700 | 18,781,600 | 17,195,600 | 15,892,200 |
| Operating ROA | 27.65% | 22.75% | 27.55% | 31.30% | 28.20% |
June 30, 2025 calculation
Operating ROA = Operating income ÷ Total assets
= $5,900,970K ÷ $21,345,300K
= 27.65%
The operating return on assets (ROA) of Lam Research Corp has demonstrated notable fluctuations over the analyzed period. As of June 30, 2021, the operating ROA stood at 28.20%, reflecting a robust level of operating efficiency in utilizing assets to generate earnings from core operations. This figure increased markedly to 31.30% by June 30, 2022, indicating an improvement in operational efficiency or profitability relative to asset base during that period.
However, the subsequent year saw a decline in operating ROA to 27.55% as of June 30, 2023. This represents a decrease of approximately 3.75 percentage points from the previous year’s peak, suggesting potential pressures on operational margins or changes in asset utilization efficiency. The downward trend continued significantly in the following year, with the operating ROA dropping to 22.75% by June 30, 2024, marking a notable deterioration in operational effectiveness.
In the most recent measurement, as of June 30, 2025, the operating ROA increased again to 27.65%. This rebound reflects a partial recovery in the company's operational profitability relative to its asset base, although it remains below the earlier peaks observed in 2021 and 2022. Overall, the operating ROA trend illustrates periods of both improvement and decline, with a recent resurgence that brings the ratio closer to previous levels but still below the highest point reached two years prior.
Peer comparison
Jun 30, 2025