Lam Research Corp (LRCX)
Operating return on assets (Operating ROA)
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 5,900,970 | 5,286,400 | 4,781,750 | 4,505,080 | 4,263,910 | 3,991,955 | 3,877,098 | 4,500,048 | 5,174,858 | 5,787,463 | 6,037,310 | 5,695,290 | 5,369,680 | 5,218,400 | 5,221,610 | 4,893,190 | 4,482,024 | 3,921,816 | 3,420,620 | 3,097,411 |
| Total assets | US$ in thousands | 21,345,300 | 19,968,300 | 19,839,900 | 19,532,500 | 18,744,700 | 18,279,600 | 18,783,900 | 18,538,500 | 18,781,600 | 19,243,400 | 19,206,400 | 18,721,300 | 17,195,600 | 16,589,000 | 16,685,400 | 15,565,600 | 15,892,200 | 15,284,900 | 15,370,400 | 15,057,000 |
| Operating ROA | 27.65% | 26.47% | 24.10% | 23.06% | 22.75% | 21.84% | 20.64% | 24.27% | 27.55% | 30.08% | 31.43% | 30.42% | 31.23% | 31.46% | 31.29% | 31.44% | 28.20% | 25.66% | 22.25% | 20.57% |
June 30, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $5,900,970K ÷ $21,345,300K
= 27.65%
The operating return on assets (ROA) for Lam Research Corp exhibits notable fluctuations over the analyzed period, indicating changes in the company's efficiency in generating operating income from its assets. Starting from a figure of approximately 20.57% as of September 30, 2020, the operating ROA demonstrates a consistent upward trend throughout 2020 and 2021, reaching a peak of roughly 31.46% as of March 31, 2022. During this period, the company appeared to optimize its asset utilization effectively, achieving high operational efficiency.
Following this peak, the operating ROA experiences a slight decline, settling around 30.42% by September 30, 2022, before stabilizing near 31.43% at the end of 2022. Moving into 2023, a downward trend is observed, with the figure decreasing to approximately 24.27% by September 30, 2023. This decline suggests a reduction in operating profitability relative to assets during this timeframe, potentially influenced by market factors or operational adjustments.
Into 2024, the operating ROA shows signs of recovery, rising from 20.64% at the end of December 2023 to 23.06% by September 30, 2024. The trend continues into 2025, with the ratio increasing further to approximately 27.65% as of June 30, 2025, indicating a resurgence in operational efficiency or asset utilization.
Overall, the historical data reflect a pattern of growth in operating ROA through 2020 and 2021, followed by a transient decline in 2022 and 2023, and subsequent recovery commencing in late 2024 and into mid-2025. This pattern underscores the company's dynamic operational performance and responsiveness to market conditions over the analyzed period.
Peer comparison
Jun 30, 2025