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Side-by-side financial comparison of AECOM (ACM) and Lam Research (LRCX). Click either name above to swap in a different company.
Lam Research is the larger business by last-quarter revenue ($5.8B vs $3.8B, roughly 1.5× AECOM). Lam Research runs the higher net margin — 31.2% vs 1.9%, a 29.3% gap on every dollar of revenue. On growth, Lam Research posted the faster year-over-year revenue change (23.8% vs 1.6%). Over the past eight quarters, Lam Research's revenue compounded faster (22.8% CAGR vs -1.4%).
AECOM is an American multinational infrastructure consulting firm headquartered in Dallas, Texas.
Lam Research Corporation is an American supplier of wafer-fabrication equipment and related services to the semiconductor industry. Its products are used primarily in front-end wafer processing, which involves the steps that create the active components of semiconductor devices and their wiring (interconnects). The company also builds equipment for back-end wafer-level packaging (WLP) and for related manufacturing markets such as for microelectromechanical systems (MEMS).
ACM vs LRCX — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.8B | $5.8B |
| Net Profit | $74.5M | $1.8B |
| Gross Margin | 7.3% | 49.8% |
| Operating Margin | 5.8% | 35.0% |
| Net Margin | 1.9% | 31.2% |
| Revenue YoY | 1.6% | 23.8% |
| Net Profit YoY | -48.0% | 37.2% |
| EPS (diluted) | $0.56 | $1.45 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $3.8B | $5.8B | ||
| Q4 25 | — | $5.3B | ||
| Q3 25 | $4.2B | $5.3B | ||
| Q2 25 | $4.2B | $5.2B | ||
| Q1 25 | $3.8B | $4.7B | ||
| Q4 24 | $4.0B | $4.4B | ||
| Q3 24 | $4.1B | $4.2B | ||
| Q2 24 | $4.2B | $3.9B |
| Q1 26 | $74.5M | $1.8B | ||
| Q4 25 | — | $1.6B | ||
| Q3 25 | $120.4M | $1.6B | ||
| Q2 25 | $131.0M | $1.7B | ||
| Q1 25 | $143.4M | $1.3B | ||
| Q4 24 | $167.0M | $1.2B | ||
| Q3 24 | $172.5M | $1.1B | ||
| Q2 24 | $134.3M | $1.0B |
| Q1 26 | 7.3% | 49.8% | ||
| Q4 25 | — | 49.6% | ||
| Q3 25 | 7.9% | 50.4% | ||
| Q2 25 | 7.8% | 50.1% | ||
| Q1 25 | 7.7% | 49.0% | ||
| Q4 24 | 6.7% | 47.4% | ||
| Q3 24 | 7.2% | 48.0% | ||
| Q2 24 | 6.9% | 47.5% |
| Q1 26 | 5.8% | 35.0% | ||
| Q4 25 | — | 33.9% | ||
| Q3 25 | 5.7% | 34.4% | ||
| Q2 25 | 7.0% | 33.7% | ||
| Q1 25 | 6.8% | 33.1% | ||
| Q4 24 | 5.9% | 30.5% | ||
| Q3 24 | 5.8% | 30.3% | ||
| Q2 24 | 5.5% | 29.1% |
| Q1 26 | 1.9% | 31.2% | ||
| Q4 25 | — | 29.8% | ||
| Q3 25 | 2.9% | 29.5% | ||
| Q2 25 | 3.1% | 33.3% | ||
| Q1 25 | 3.8% | 28.2% | ||
| Q4 24 | 4.2% | 27.2% | ||
| Q3 24 | 4.2% | 26.8% | ||
| Q2 24 | 3.2% | 26.4% |
| Q1 26 | $0.56 | $1.45 | ||
| Q4 25 | — | $1.26 | ||
| Q3 25 | $0.90 | $1.24 | ||
| Q2 25 | $0.98 | $1.34 | ||
| Q1 25 | $1.08 | $1.03 | ||
| Q4 24 | $1.25 | $0.92 | ||
| Q3 24 | $1.27 | $0.86 | ||
| Q2 24 | $0.98 | $7.78 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.2B | $4.8B |
| Total DebtLower is stronger | $2.6B | — |
| Stockholders' EquityBook value | $2.2B | — |
| Total Assets | $11.9B | $20.8B |
| Debt / EquityLower = less leverage | 1.18× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.2B | $4.8B | ||
| Q4 25 | — | $6.2B | ||
| Q3 25 | $1.6B | $6.7B | ||
| Q2 25 | $1.8B | $6.4B | ||
| Q1 25 | $1.6B | $5.5B | ||
| Q4 24 | $1.6B | $5.7B | ||
| Q3 24 | $1.6B | $6.1B | ||
| Q2 24 | $1.6B | $5.8B |
| Q1 26 | $2.6B | — | ||
| Q4 25 | — | $3.7B | ||
| Q3 25 | $2.6B | $3.7B | ||
| Q2 25 | $2.5B | $3.7B | ||
| Q1 25 | $2.5B | $3.7B | ||
| Q4 24 | $2.5B | $4.5B | ||
| Q3 24 | $2.5B | $4.5B | ||
| Q2 24 | $2.5B | $4.5B |
| Q1 26 | $2.2B | — | ||
| Q4 25 | — | $10.1B | ||
| Q3 25 | $2.5B | $10.2B | ||
| Q2 25 | $2.5B | $9.9B | ||
| Q1 25 | $2.3B | $9.5B | ||
| Q4 24 | $2.2B | $8.8B | ||
| Q3 24 | $2.2B | $8.5B | ||
| Q2 24 | $2.3B | $8.5B |
| Q1 26 | $11.9B | $20.8B | ||
| Q4 25 | — | $21.4B | ||
| Q3 25 | $12.2B | $21.9B | ||
| Q2 25 | $12.3B | $21.3B | ||
| Q1 25 | $11.8B | $20.0B | ||
| Q4 24 | $11.8B | $19.8B | ||
| Q3 24 | $12.1B | $19.5B | ||
| Q2 24 | $12.0B | $18.7B |
| Q1 26 | 1.18× | — | ||
| Q4 25 | — | 0.37× | ||
| Q3 25 | 1.06× | 0.37× | ||
| Q2 25 | 0.99× | 0.38× | ||
| Q1 25 | 1.07× | 0.39× | ||
| Q4 24 | 1.11× | 0.51× | ||
| Q3 24 | 1.12× | 0.53× | ||
| Q2 24 | 1.07× | 0.52× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $70.2M | $1.1B |
| Free Cash FlowOCF − Capex | $41.9M | — |
| FCF MarginFCF / Revenue | 1.1% | — |
| Capex IntensityCapex / Revenue | 0.7% | 5.7% |
| Cash ConversionOCF / Net Profit | 0.94× | 0.63× |
| TTM Free Cash FlowTrailing 4 quarters | $616.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $70.2M | $1.1B | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | $196.1M | $1.8B | ||
| Q2 25 | $283.7M | $2.6B | ||
| Q1 25 | $190.7M | $1.3B | ||
| Q4 24 | $151.1M | $741.9M | ||
| Q3 24 | $298.8M | $1.6B | ||
| Q2 24 | $291.3M | $862.4M |
| Q1 26 | $41.9M | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $134.1M | $1.6B | ||
| Q2 25 | $261.7M | $2.4B | ||
| Q1 25 | $178.3M | $1.0B | ||
| Q4 24 | $110.9M | $553.6M | ||
| Q3 24 | $274.5M | $1.5B | ||
| Q2 24 | $272.8M | $761.7M |
| Q1 26 | 1.1% | — | ||
| Q4 25 | — | 22.8% | ||
| Q3 25 | 3.2% | 29.9% | ||
| Q2 25 | 6.3% | 46.1% | ||
| Q1 25 | 4.7% | 21.6% | ||
| Q4 24 | 2.8% | 12.7% | ||
| Q3 24 | 6.7% | 35.0% | ||
| Q2 24 | 6.6% | 19.7% |
| Q1 26 | 0.7% | 5.7% | ||
| Q4 25 | — | 4.9% | ||
| Q3 25 | 1.5% | 3.5% | ||
| Q2 25 | 0.5% | 3.3% | ||
| Q1 25 | 0.3% | 6.1% | ||
| Q4 24 | 1.0% | 4.3% | ||
| Q3 24 | 0.6% | 2.7% | ||
| Q2 24 | 0.4% | 2.6% |
| Q1 26 | 0.94× | 0.63× | ||
| Q4 25 | — | 0.93× | ||
| Q3 25 | 1.63× | 1.13× | ||
| Q2 25 | 2.17× | 1.48× | ||
| Q1 25 | 1.33× | 0.98× | ||
| Q4 24 | 0.90× | 0.62× | ||
| Q3 24 | 1.73× | 1.40× | ||
| Q2 24 | 2.17× | 0.85× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
