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Side-by-side financial comparison of Consolidated Edison (ED) 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 $4.0B, roughly 1.5× Consolidated Edison). Lam Research runs the higher net margin — 31.2% vs 7.5%, a 23.7% gap on every dollar of revenue. On growth, Lam Research posted the faster year-over-year revenue change (23.8% vs 8.2%). Over the past eight quarters, Lam Research's revenue compounded faster (22.8% CAGR vs -3.7%).
Consolidated Edison, Inc., commonly known as Con Edison or ConEd, is an energy company based in New York City. It is one of the largest investor-owned energy companies in the United States, with approximately $15.26 billion in annual revenues as of 2024, and over $70 billion in assets. The company provides a wide range of energy-related products and services to its customers through its subsidiaries:Consolidated Edison Company of New York, Inc.
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).
ED vs LRCX — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.0B | $5.8B |
| Net Profit | $298.0M | $1.8B |
| Gross Margin | — | 49.8% |
| Operating Margin | 12.3% | 35.0% |
| Net Margin | 7.5% | 31.2% |
| Revenue YoY | 8.2% | 23.8% |
| Net Profit YoY | -3.9% | 37.2% |
| EPS (diluted) | $0.81 | $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 | — | $5.8B | ||
| Q4 25 | $4.0B | $5.3B | ||
| Q3 25 | $4.6B | $5.3B | ||
| Q2 25 | $3.6B | $5.2B | ||
| Q1 25 | $4.9B | $4.7B | ||
| Q4 24 | $3.7B | $4.4B | ||
| Q3 24 | $4.2B | $4.2B | ||
| Q2 24 | $3.3B | $3.9B |
| Q1 26 | — | $1.8B | ||
| Q4 25 | $298.0M | $1.6B | ||
| Q3 25 | $688.0M | $1.6B | ||
| Q2 25 | $246.0M | $1.7B | ||
| Q1 25 | $791.0M | $1.3B | ||
| Q4 24 | $310.0M | $1.2B | ||
| Q3 24 | $588.0M | $1.1B | ||
| Q2 24 | $202.0M | $1.0B |
| Q1 26 | — | 49.8% | ||
| Q4 25 | — | 49.6% | ||
| Q3 25 | — | 50.4% | ||
| Q2 25 | — | 50.1% | ||
| Q1 25 | — | 49.0% | ||
| Q4 24 | — | 47.4% | ||
| Q3 24 | — | 48.0% | ||
| Q2 24 | — | 47.5% |
| Q1 26 | — | 35.0% | ||
| Q4 25 | 12.3% | 33.9% | ||
| Q3 25 | 21.2% | 34.4% | ||
| Q2 25 | 9.8% | 33.7% | ||
| Q1 25 | 23.0% | 33.1% | ||
| Q4 24 | 13.0% | 30.5% | ||
| Q3 24 | 20.4% | 30.3% | ||
| Q2 24 | 9.7% | 29.1% |
| Q1 26 | — | 31.2% | ||
| Q4 25 | 7.5% | 29.8% | ||
| Q3 25 | 15.1% | 29.5% | ||
| Q2 25 | 6.8% | 33.3% | ||
| Q1 25 | 16.2% | 28.2% | ||
| Q4 24 | 8.5% | 27.2% | ||
| Q3 24 | 13.9% | 26.8% | ||
| Q2 24 | 6.1% | 26.4% |
| Q1 26 | — | $1.45 | ||
| Q4 25 | $0.81 | $1.26 | ||
| Q3 25 | $1.90 | $1.24 | ||
| Q2 25 | $0.68 | $1.34 | ||
| Q1 25 | $2.25 | $1.03 | ||
| Q4 24 | $0.89 | $0.92 | ||
| Q3 24 | $1.69 | $0.86 | ||
| Q2 24 | $0.58 | $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 | $1.6B | $4.8B |
| Total DebtLower is stronger | $25.8B | — |
| Stockholders' EquityBook value | $24.2B | — |
| Total Assets | $74.6B | $20.8B |
| Debt / EquityLower = less leverage | 1.07× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $4.8B | ||
| Q4 25 | $1.6B | $6.2B | ||
| Q3 25 | $181.0M | $6.7B | ||
| Q2 25 | $1.5B | $6.4B | ||
| Q1 25 | $360.0M | $5.5B | ||
| Q4 24 | $1.3B | $5.7B | ||
| Q3 24 | $93.0M | $6.1B | ||
| Q2 24 | $1.5B | $5.8B |
| Q1 26 | — | — | ||
| Q4 25 | $25.8B | $3.7B | ||
| Q3 25 | — | $3.7B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $3.7B | ||
| Q4 24 | $24.7B | $4.5B | ||
| Q3 24 | — | $4.5B | ||
| Q2 24 | — | $4.5B |
| Q1 26 | — | — | ||
| Q4 25 | $24.2B | $10.1B | ||
| Q3 25 | $24.2B | $10.2B | ||
| Q2 25 | $23.8B | $9.9B | ||
| Q1 25 | $23.8B | $9.5B | ||
| Q4 24 | $22.0B | $8.8B | ||
| Q3 24 | $21.9B | $8.5B | ||
| Q2 24 | $21.6B | $8.5B |
| Q1 26 | — | $20.8B | ||
| Q4 25 | $74.6B | $21.4B | ||
| Q3 25 | $71.8B | $21.9B | ||
| Q2 25 | $71.5B | $21.3B | ||
| Q1 25 | $70.7B | $20.0B | ||
| Q4 24 | $70.6B | $19.8B | ||
| Q3 24 | $68.6B | $19.5B | ||
| Q2 24 | $67.9B | $18.7B |
| Q1 26 | — | — | ||
| Q4 25 | 1.07× | 0.37× | ||
| Q3 25 | — | 0.37× | ||
| Q2 25 | — | 0.38× | ||
| Q1 25 | — | 0.39× | ||
| Q4 24 | 1.13× | 0.51× | ||
| Q3 24 | — | 0.53× | ||
| Q2 24 | — | 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 | $1.5B | $1.1B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 5.7% |
| Cash ConversionOCF / Net Profit | 4.97× | 0.63× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.1B | ||
| Q4 25 | $1.5B | $1.5B | ||
| Q3 25 | $504.0M | $1.8B | ||
| Q2 25 | $2.0B | $2.6B | ||
| Q1 25 | $837.0M | $1.3B | ||
| Q4 24 | $1.3B | $741.9M | ||
| Q3 24 | $392.0M | $1.6B | ||
| Q2 24 | $1.3B | $862.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $2.4B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $553.6M | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $761.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | 22.8% | ||
| Q3 25 | — | 29.9% | ||
| Q2 25 | — | 46.1% | ||
| Q1 25 | — | 21.6% | ||
| Q4 24 | — | 12.7% | ||
| Q3 24 | — | 35.0% | ||
| Q2 24 | — | 19.7% |
| Q1 26 | — | 5.7% | ||
| Q4 25 | — | 4.9% | ||
| Q3 25 | — | 3.5% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | — | 6.1% | ||
| Q4 24 | — | 4.3% | ||
| Q3 24 | — | 2.7% | ||
| Q2 24 | — | 2.6% |
| Q1 26 | — | 0.63× | ||
| Q4 25 | 4.97× | 0.93× | ||
| Q3 25 | 0.73× | 1.13× | ||
| Q2 25 | 8.04× | 1.48× | ||
| Q1 25 | 1.06× | 0.98× | ||
| Q4 24 | 4.23× | 0.62× | ||
| Q3 24 | 0.67× | 1.40× | ||
| Q2 24 | 6.63× | 0.85× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ED
| Electricity | $2.9B | 73% |
| Oil And Gas Purchased | $923.0M | 23% |
| Steam Plant | $189.0M | 5% |
| Con Edison Transmission | $1.0M | 0% |
LRCX
Segment breakdown not available.
