Lam Research Corp (LRCX)
Pretax margin
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 5,958,130 | 4,360,220 | 5,109,210 | 5,193,110 | 4,370,800 |
| Revenue | US$ in thousands | 18,435,600 | 14,905,400 | 17,428,500 | 17,227,000 | 14,626,200 |
| Pretax margin | 32.32% | 29.25% | 29.32% | 30.15% | 29.88% |
June 30, 2025 calculation
Pretax margin = EBT ÷ Revenue
= $5,958,130K ÷ $18,435,600K
= 32.32%
The pretax margin of Lam Research Corp has shown a relatively stable trend over the analyzed period from June 30, 2021, to June 30, 2025. In 2021, the pretax margin stood at approximately 29.88%, reflecting the company's profitability before tax obligations. This margin experienced a slight increase in 2022, reaching 30.15%, indicating an improvement in pre-tax profitability during that year.
However, in 2023, the pretax margin declined marginally to 29.32%, suggesting a slight contraction in pre-tax earnings relative to revenues. This decline persisted into 2024, where the margin remained relatively stable at 29.25%, indicating continued consistency but without significant improvement.
By June 2025, there was a notable increase in the pretax margin to 32.32%, representing the highest level within the analyzed timeframe. This upward movement suggests an enhancement in the company's pre-tax profitability, potentially driven by improved operational efficiency, revenue growth, or favorable cost management.
Overall, while Lam Research Corp's pretax margin experienced minor fluctuations over the period, the significant increase in 2025 marks a positive shift in the company's profitability before tax, aligning with improved operational performance or strategic factors influencing earnings.
Peer comparison
Jun 30, 2025