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Side-by-side financial comparison of Fidelity National Information Services (FIS) and Lam Research (LRCX). Click either name above to swap in a different company.
Lam Research is the larger business by last-quarter revenue ($5.3B vs $2.8B, roughly 1.9× Fidelity National Information Services). Lam Research runs the higher net margin — 29.8% vs 18.2%, a 11.7% gap on every dollar of revenue. On growth, Lam Research posted the faster year-over-year revenue change (22.1% vs 8.1%). Lam Research produced more free cash flow last quarter ($1.2B vs $739.0M). Over the past eight quarters, Lam Research's revenue compounded faster (18.7% CAGR vs 6.8%).
Fidelity National Information Services, Inc. (FIS) is an American multinational corporation which offers a wide range of financial products and services. FIS is most known for its development of Financial Technology, or FinTech. Annually, FIS facilitates the movement of roughly US$9 trillion through the processing of approximately 75 billion transactions in service to more than 20,000 clients around the globe.
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).
FIS vs LRCX — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.8B | $5.3B |
| Net Profit | $511.0M | $1.6B |
| Gross Margin | 38.3% | 49.6% |
| Operating Margin | 18.8% | 33.9% |
| Net Margin | 18.2% | 29.8% |
| Revenue YoY | 8.1% | 22.1% |
| Net Profit YoY | 97.3% | 33.8% |
| EPS (diluted) | $0.98 | $1.26 |
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.
| Q4 25 | $2.8B | $5.3B | ||
| Q3 25 | $2.7B | $5.3B | ||
| Q2 25 | $2.6B | $5.2B | ||
| Q1 25 | $2.5B | $4.7B | ||
| Q4 24 | $2.6B | $4.4B | ||
| Q3 24 | $2.6B | $4.2B | ||
| Q2 24 | $2.5B | $3.9B | ||
| Q1 24 | $2.5B | $3.8B |
| Q4 25 | $511.0M | $1.6B | ||
| Q3 25 | $264.0M | $1.6B | ||
| Q2 25 | $-470.0M | $1.7B | ||
| Q1 25 | $77.0M | $1.3B | ||
| Q4 24 | $259.0M | $1.2B | ||
| Q3 24 | $224.0M | $1.1B | ||
| Q2 24 | $243.0M | $1.0B | ||
| Q1 24 | $724.0M | $965.8M |
| Q4 25 | 38.3% | 49.6% | ||
| Q3 25 | 37.8% | 50.4% | ||
| Q2 25 | 36.4% | 50.1% | ||
| Q1 25 | 34.7% | 49.0% | ||
| Q4 24 | 36.9% | 47.4% | ||
| Q3 24 | 38.0% | 48.0% | ||
| Q2 24 | 38.2% | 47.5% | ||
| Q1 24 | 37.1% | 47.5% |
| Q4 25 | 18.8% | 33.9% | ||
| Q3 25 | 16.8% | 34.4% | ||
| Q2 25 | 15.6% | 33.7% | ||
| Q1 25 | 13.7% | 33.1% | ||
| Q4 24 | 18.5% | 30.5% | ||
| Q3 24 | 19.1% | 30.3% | ||
| Q2 24 | 15.2% | 29.1% | ||
| Q1 24 | 14.6% | 27.9% |
| Q4 25 | 18.2% | 29.8% | ||
| Q3 25 | 9.7% | 29.5% | ||
| Q2 25 | -18.0% | 33.3% | ||
| Q1 25 | 3.0% | 28.2% | ||
| Q4 24 | 10.0% | 27.2% | ||
| Q3 24 | 8.7% | 26.8% | ||
| Q2 24 | 9.8% | 26.4% | ||
| Q1 24 | 29.3% | 25.5% |
| Q4 25 | $0.98 | $1.26 | ||
| Q3 25 | $0.50 | $1.24 | ||
| Q2 25 | $-0.90 | $1.34 | ||
| Q1 25 | $0.15 | $1.03 | ||
| Q4 24 | $0.51 | $0.92 | ||
| Q3 24 | $0.41 | $0.86 | ||
| Q2 24 | $0.44 | $7.78 | ||
| Q1 24 | $1.25 | $7.34 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $599.0M | $6.2B |
| Total DebtLower is stronger | $9.1B | $3.7B |
| Stockholders' EquityBook value | $13.9B | $10.1B |
| Total Assets | $33.5B | $21.4B |
| Debt / EquityLower = less leverage | 0.65× | 0.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $599.0M | $6.2B | ||
| Q3 25 | $571.0M | $6.7B | ||
| Q2 25 | $581.0M | $6.4B | ||
| Q1 25 | $805.0M | $5.5B | ||
| Q4 24 | $834.0M | $5.7B | ||
| Q3 24 | $1.3B | $6.1B | ||
| Q2 24 | $2.1B | $5.8B | ||
| Q1 24 | $3.3B | $5.7B |
| Q4 25 | $9.1B | $3.7B | ||
| Q3 25 | $8.9B | $3.7B | ||
| Q2 25 | $8.9B | $3.7B | ||
| Q1 25 | $8.7B | $3.7B | ||
| Q4 24 | $9.7B | $4.5B | ||
| Q3 24 | $10.5B | $4.5B | ||
| Q2 24 | $10.6B | $4.5B | ||
| Q1 24 | $10.6B | $4.5B |
| Q4 25 | $13.9B | $10.1B | ||
| Q3 25 | $13.9B | $10.2B | ||
| Q2 25 | $14.2B | $9.9B | ||
| Q1 25 | $15.1B | $9.5B | ||
| Q4 24 | $15.7B | $8.8B | ||
| Q3 24 | $16.6B | $8.5B | ||
| Q2 24 | $17.0B | $8.5B | ||
| Q1 24 | $18.0B | $8.0B |
| Q4 25 | $33.5B | $21.4B | ||
| Q3 25 | $33.0B | $21.9B | ||
| Q2 25 | $33.4B | $21.3B | ||
| Q1 25 | $32.8B | $20.0B | ||
| Q4 24 | $33.8B | $19.8B | ||
| Q3 24 | $34.3B | $19.5B | ||
| Q2 24 | $34.6B | $18.7B | ||
| Q1 24 | $35.9B | $18.3B |
| Q4 25 | 0.65× | 0.37× | ||
| Q3 25 | 0.64× | 0.37× | ||
| Q2 25 | 0.63× | 0.38× | ||
| Q1 25 | 0.57× | 0.39× | ||
| Q4 24 | 0.62× | 0.51× | ||
| Q3 24 | 0.63× | 0.53× | ||
| Q2 24 | 0.62× | 0.52× | ||
| Q1 24 | 0.59× | 0.56× |
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 | $758.0M | $1.5B |
| Free Cash FlowOCF − Capex | $739.0M | $1.2B |
| FCF MarginFCF / Revenue | 26.3% | 22.8% |
| Capex IntensityCapex / Revenue | 0.7% | 4.9% |
| Cash ConversionOCF / Net Profit | 1.48× | 0.93× |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | $6.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $758.0M | $1.5B | ||
| Q3 25 | $1.0B | $1.8B | ||
| Q2 25 | $382.0M | $2.6B | ||
| Q1 25 | $457.0M | $1.3B | ||
| Q4 24 | $782.0M | $741.9M | ||
| Q3 24 | $641.0M | $1.6B | ||
| Q2 24 | $546.0M | $862.4M | ||
| Q1 24 | $206.0M | $1.4B |
| Q4 25 | $739.0M | $1.2B | ||
| Q3 25 | $952.0M | $1.6B | ||
| Q2 25 | $343.0M | $2.4B | ||
| Q1 25 | $420.0M | $1.0B | ||
| Q4 24 | $764.0M | $553.6M | ||
| Q3 24 | $605.0M | $1.5B | ||
| Q2 24 | $530.0M | $761.7M | ||
| Q1 24 | $179.0M | $1.3B |
| Q4 25 | 26.3% | 22.8% | ||
| Q3 25 | 35.0% | 29.9% | ||
| Q2 25 | 13.1% | 46.1% | ||
| Q1 25 | 16.6% | 21.6% | ||
| Q4 24 | 29.4% | 12.7% | ||
| Q3 24 | 23.5% | 35.0% | ||
| Q2 24 | 21.3% | 19.7% | ||
| Q1 24 | 7.3% | 33.8% |
| Q4 25 | 0.7% | 4.9% | ||
| Q3 25 | 2.2% | 3.5% | ||
| Q2 25 | 1.5% | 3.3% | ||
| Q1 25 | 1.5% | 6.1% | ||
| Q4 24 | 0.7% | 4.3% | ||
| Q3 24 | 1.4% | 2.7% | ||
| Q2 24 | 0.6% | 2.6% | ||
| Q1 24 | 1.1% | 2.7% |
| Q4 25 | 1.48× | 0.93× | ||
| Q3 25 | 3.83× | 1.13× | ||
| Q2 25 | — | 1.48× | ||
| Q1 25 | 5.94× | 0.98× | ||
| Q4 24 | 3.02× | 0.62× | ||
| Q3 24 | 2.86× | 1.40× | ||
| Q2 24 | 2.25× | 0.85× | ||
| Q1 24 | 0.28× | 1.43× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FIS
| Banking Solutions | $1.6B | 57% |
| Other | $701.0M | 25% |
| Capital Market Solutions | $508.0M | 18% |
LRCX
| System | $3.4B | 63% |
| Customer Supportand Other | $2.0B | 37% |
