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Side-by-side financial comparison of LEAR CORP (LEA) 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 $5.8B, roughly 1.0× LEAR CORP). Lam Research runs the higher net margin — 31.2% vs 3.0%, a 28.3% gap on every dollar of revenue. On growth, Lam Research posted the faster year-over-year revenue change (23.8% vs 4.7%). Over the past eight quarters, Lam Research's revenue compounded faster (22.8% CAGR vs -1.6%).
Lear Corporation is an American company that manufactures automotive seating and electrical systems. In 2019, it ranked #147 and in 2018, it ranked #148 on the Fortune 500 list.
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).
LEA vs LRCX — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $5.8B | $5.8B |
| Net Profit | $172.3M | $1.8B |
| Gross Margin | 7.7% | 49.8% |
| Operating Margin | — | 35.0% |
| Net Margin | 3.0% | 31.2% |
| Revenue YoY | 4.7% | 23.8% |
| Net Profit YoY | 113.5% | 37.2% |
| EPS (diluted) | $3.34 | $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 | $5.8B | ||
| Q4 25 | $6.0B | $5.3B | ||
| Q3 25 | $5.7B | $5.3B | ||
| Q2 25 | $6.0B | $5.2B | ||
| Q1 25 | $5.6B | $4.7B | ||
| Q4 24 | $5.7B | $4.4B | ||
| Q3 24 | $5.6B | $4.2B | ||
| Q2 24 | $6.0B | $3.9B |
| Q1 26 | $172.3M | $1.8B | ||
| Q4 25 | $82.7M | $1.6B | ||
| Q3 25 | $108.2M | $1.6B | ||
| Q2 25 | $165.2M | $1.7B | ||
| Q1 25 | $80.7M | $1.3B | ||
| Q4 24 | $88.1M | $1.2B | ||
| Q3 24 | $135.8M | $1.1B | ||
| Q2 24 | $173.1M | $1.0B |
| Q1 26 | 7.7% | 49.8% | ||
| Q4 25 | 5.7% | 49.6% | ||
| Q3 25 | 6.4% | 50.4% | ||
| Q2 25 | 7.3% | 50.1% | ||
| Q1 25 | 6.5% | 49.0% | ||
| Q4 24 | 6.8% | 47.4% | ||
| Q3 24 | 7.3% | 48.0% | ||
| Q2 24 | 7.5% | 47.5% |
| Q1 26 | — | 35.0% | ||
| Q4 25 | 2.6% | 33.9% | ||
| Q3 25 | 3.4% | 34.4% | ||
| Q2 25 | 4.1% | 33.7% | ||
| Q1 25 | 3.3% | 33.1% | ||
| Q4 24 | 3.7% | 30.5% | ||
| Q3 24 | 3.9% | 30.3% | ||
| Q2 24 | 4.3% | 29.1% |
| Q1 26 | 3.0% | 31.2% | ||
| Q4 25 | 1.4% | 29.8% | ||
| Q3 25 | 1.9% | 29.5% | ||
| Q2 25 | 2.7% | 33.3% | ||
| Q1 25 | 1.5% | 28.2% | ||
| Q4 24 | 1.5% | 27.2% | ||
| Q3 24 | 2.4% | 26.8% | ||
| Q2 24 | 2.9% | 26.4% |
| Q1 26 | $3.34 | $1.45 | ||
| Q4 25 | $1.58 | $1.26 | ||
| Q3 25 | $2.02 | $1.24 | ||
| Q2 25 | $3.06 | $1.34 | ||
| Q1 25 | $1.49 | $1.03 | ||
| Q4 24 | $1.64 | $0.92 | ||
| Q3 24 | $2.41 | $0.86 | ||
| Q2 24 | $3.02 | $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 | $881.9M | $4.8B |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $5.3B | — |
| Total Assets | $15.5B | $20.8B |
| Debt / EquityLower = less leverage | 0.52× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $881.9M | $4.8B | ||
| Q4 25 | $1.0B | $6.2B | ||
| Q3 25 | $1.0B | $6.7B | ||
| Q2 25 | $887.9M | $6.4B | ||
| Q1 25 | $779.9M | $5.5B | ||
| Q4 24 | $1.1B | $5.7B | ||
| Q3 24 | $763.9M | $6.1B | ||
| Q2 24 | $950.3M | $5.8B |
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.7B | $3.7B | ||
| Q3 25 | $2.8B | $3.7B | ||
| Q2 25 | $2.8B | $3.7B | ||
| Q1 25 | $2.7B | $3.7B | ||
| Q4 24 | $2.7B | $4.5B | ||
| Q3 24 | $2.8B | $4.5B | ||
| Q2 24 | $2.7B | $4.5B |
| Q1 26 | $5.3B | — | ||
| Q4 25 | $5.0B | $10.1B | ||
| Q3 25 | $5.1B | $10.2B | ||
| Q2 25 | $5.1B | $9.9B | ||
| Q1 25 | $4.7B | $9.5B | ||
| Q4 24 | $4.5B | $8.8B | ||
| Q3 24 | $4.8B | $8.5B | ||
| Q2 24 | $4.8B | $8.5B |
| Q1 26 | $15.5B | $20.8B | ||
| Q4 25 | $14.8B | $21.4B | ||
| Q3 25 | $15.2B | $21.9B | ||
| Q2 25 | $15.3B | $21.3B | ||
| Q1 25 | $14.6B | $20.0B | ||
| Q4 24 | $14.0B | $19.8B | ||
| Q3 24 | $14.8B | $19.5B | ||
| Q2 24 | $14.7B | $18.7B |
| Q1 26 | 0.52× | — | ||
| Q4 25 | 0.54× | 0.37× | ||
| Q3 25 | 0.54× | 0.37× | ||
| Q2 25 | 0.54× | 0.38× | ||
| Q1 25 | 0.59× | 0.39× | ||
| Q4 24 | 0.61× | 0.51× | ||
| Q3 24 | 0.58× | 0.53× | ||
| Q2 24 | 0.57× | 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 | $98.1M | $1.1B |
| Free Cash FlowOCF − Capex | $-26.5M | — |
| FCF MarginFCF / Revenue | -0.5% | — |
| Capex IntensityCapex / Revenue | 2.1% | 5.7% |
| Cash ConversionOCF / Net Profit | 0.57× | 0.63× |
| TTM Free Cash FlowTrailing 4 quarters | $732.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $98.1M | $1.1B | ||
| Q4 25 | $475.9M | $1.5B | ||
| Q3 25 | $444.4M | $1.8B | ||
| Q2 25 | $296.2M | $2.6B | ||
| Q1 25 | $-127.7M | $1.3B | ||
| Q4 24 | $680.8M | $741.9M | ||
| Q3 24 | $182.7M | $1.6B | ||
| Q2 24 | $291.2M | $862.4M |
| Q1 26 | $-26.5M | — | ||
| Q4 25 | $281.1M | $1.2B | ||
| Q3 25 | $307.0M | $1.6B | ||
| Q2 25 | $170.8M | $2.4B | ||
| Q1 25 | $-231.7M | $1.0B | ||
| Q4 24 | $488.7M | $553.6M | ||
| Q3 24 | $50.5M | $1.5B | ||
| Q2 24 | $170.4M | $761.7M |
| Q1 26 | -0.5% | — | ||
| Q4 25 | 4.7% | 22.8% | ||
| Q3 25 | 5.4% | 29.9% | ||
| Q2 25 | 2.8% | 46.1% | ||
| Q1 25 | -4.2% | 21.6% | ||
| Q4 24 | 8.6% | 12.7% | ||
| Q3 24 | 0.9% | 35.0% | ||
| Q2 24 | 2.8% | 19.7% |
| Q1 26 | 2.1% | 5.7% | ||
| Q4 25 | 3.3% | 4.9% | ||
| Q3 25 | 2.4% | 3.5% | ||
| Q2 25 | 2.1% | 3.3% | ||
| Q1 25 | 1.9% | 6.1% | ||
| Q4 24 | 3.4% | 4.3% | ||
| Q3 24 | 2.4% | 2.7% | ||
| Q2 24 | 2.0% | 2.6% |
| Q1 26 | 0.57× | 0.63× | ||
| Q4 25 | 5.75× | 0.93× | ||
| Q3 25 | 4.11× | 1.13× | ||
| Q2 25 | 1.79× | 1.48× | ||
| Q1 25 | -1.58× | 0.98× | ||
| Q4 24 | 7.73× | 0.62× | ||
| Q3 24 | 1.35× | 1.40× | ||
| Q2 24 | 1.68× | 0.85× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LEA
| Seating | $4.4B | 76% |
| E-Systems | $1.4B | 24% |
LRCX
Segment breakdown not available.
