Lam Research Corp (LRCX)
Pretax margin
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 4,360,220 | 4,069,475 | 3,915,217 | 4,480,097 | 5,109,207 | 5,604,492 | 5,800,270 | 5,504,480 | 5,193,120 | 5,142,980 | 5,168,270 | 4,791,913 | 4,370,805 | 3,810,214 | 3,279,719 | 2,972,523 | 2,574,978 | 2,436,227 | 2,392,781 | 2,379,924 |
| Revenue (ttm) | US$ in thousands | 14,900,550 | 14,053,900 | 14,128,670 | 15,638,080 | 17,234,970 | 18,659,460 | 18,857,280 | 17,817,060 | 17,041,560 | 16,545,730 | 16,327,040 | 15,546,390 | 14,410,590 | 13,061,100 | 11,727,660 | 10,866,340 | 9,863,970 | 9,435,650 | 9,382,630 | 9,349,500 |
| Pretax margin | 29.26% | 28.96% | 27.71% | 28.65% | 29.64% | 30.04% | 30.76% | 30.89% | 30.47% | 31.08% | 31.65% | 30.82% | 30.33% | 29.17% | 27.97% | 27.36% | 26.10% | 25.82% | 25.50% | 25.46% |
June 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $4,360,220K ÷ $14,900,550K
= 29.26%
The pretax margin of Lam Research Corp has shown fluctuations over the past few quarters. The trend indicates that the company's ability to generate profit before accounting for taxes has been varying within a range.
The pretax margin ranged from a low of 25.46% in September 2019 to a high of 31.65% in March 2022. Despite some fluctuations, the company has generally maintained pretax margins above 25%, reflecting a consistent level of profitability.
It is worth noting that the pretax margin peaked in March 2022, but has been gradually decreasing since then. The most recent pretax margin recorded in June 2024 was 29.26%. This decrease may indicate changes in the company's cost structure or revenue generation strategies.
Overall, while the company has demonstrated a strong pretax margin historically, stakeholders should continue to monitor future financial performance to understand the factors influencing the profitability of Lam Research Corp.
Peer comparison
Jun 30, 2024