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Side-by-side financial comparison of Lam Research (LRCX) and PG&E Corporation (PCG). Click either name above to swap in a different company.
PG&E Corporation is the larger business by last-quarter revenue ($6.9B vs $5.8B, roughly 1.2× Lam Research). Lam Research runs the higher net margin — 31.2% vs 12.9%, a 18.4% gap on every dollar of revenue. On growth, Lam Research posted the faster year-over-year revenue change (23.8% vs 15.0%). Over the past eight quarters, Lam Research's revenue compounded faster (22.8% CAGR vs 7.2%).
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).
Pacific Gas and Electric Company (PG&E) is an American investor-owned utility (IOU). The company is headquartered at Kaiser Center, in Oakland, California. PG&E provides natural gas and electricity to 5.2 million households in the northern two-thirds of California, from Bakersfield and northern Santa Barbara County, almost to the Oregon and Nevada state lines.
LRCX vs PCG — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $5.8B | $6.9B |
| Net Profit | $1.8B | $885.0M |
| Gross Margin | 49.8% | — |
| Operating Margin | 35.0% | 21.4% |
| Net Margin | 31.2% | 12.9% |
| Revenue YoY | 23.8% | 15.0% |
| Net Profit YoY | 37.2% | 39.6% |
| EPS (diluted) | $1.45 | $0.39 |
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 | $6.9B | ||
| Q4 25 | $5.3B | $6.8B | ||
| Q3 25 | $5.3B | $6.3B | ||
| Q2 25 | $5.2B | $5.9B | ||
| Q1 25 | $4.7B | $6.0B | ||
| Q4 24 | $4.4B | $6.6B | ||
| Q3 24 | $4.2B | $5.9B | ||
| Q2 24 | $3.9B | $6.0B |
| Q1 26 | $1.8B | $885.0M | ||
| Q4 25 | $1.6B | $670.0M | ||
| Q3 25 | $1.6B | $850.0M | ||
| Q2 25 | $1.7B | $549.0M | ||
| Q1 25 | $1.3B | $634.0M | ||
| Q4 24 | $1.2B | $674.0M | ||
| Q3 24 | $1.1B | $579.0M | ||
| Q2 24 | $1.0B | $524.0M |
| 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% | 21.4% | ||
| Q4 25 | 33.9% | 18.0% | ||
| Q3 25 | 34.4% | 19.3% | ||
| Q2 25 | 33.7% | 18.6% | ||
| Q1 25 | 33.1% | 20.4% | ||
| Q4 24 | 30.5% | 15.4% | ||
| Q3 24 | 30.3% | 17.3% | ||
| Q2 24 | 29.1% | 18.9% |
| Q1 26 | 31.2% | 12.9% | ||
| Q4 25 | 29.8% | 9.8% | ||
| Q3 25 | 29.5% | 13.6% | ||
| Q2 25 | 33.3% | 9.3% | ||
| Q1 25 | 28.2% | 10.6% | ||
| Q4 24 | 27.2% | 10.2% | ||
| Q3 24 | 26.8% | 9.7% | ||
| Q2 24 | 26.4% | 8.8% |
| Q1 26 | $1.45 | $0.39 | ||
| Q4 25 | $1.26 | $0.29 | ||
| Q3 25 | $1.24 | $0.37 | ||
| Q2 25 | $1.34 | $0.24 | ||
| Q1 25 | $1.03 | $0.28 | ||
| Q4 24 | $0.92 | $0.30 | ||
| Q3 24 | $0.86 | $0.27 | ||
| Q2 24 | $7.78 | $0.24 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.8B | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | — |
| Total Assets | $20.8B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $4.8B | — | ||
| Q4 25 | $6.2B | $713.0M | ||
| Q3 25 | $6.7B | $404.0M | ||
| Q2 25 | $6.4B | $494.0M | ||
| Q1 25 | $5.5B | $2.0B | ||
| Q4 24 | $5.7B | $940.0M | ||
| Q3 24 | $6.1B | $895.0M | ||
| Q2 24 | $5.8B | $1.3B |
| Q1 26 | — | — | ||
| Q4 25 | $3.7B | $57.4B | ||
| Q3 25 | $3.7B | — | ||
| Q2 25 | $3.7B | — | ||
| Q1 25 | $3.7B | — | ||
| Q4 24 | $4.5B | $53.6B | ||
| Q3 24 | $4.5B | — | ||
| Q2 24 | $4.5B | — |
| Q1 26 | — | — | ||
| Q4 25 | $10.1B | $32.5B | ||
| Q3 25 | $10.2B | $32.0B | ||
| Q2 25 | $9.9B | $31.2B | ||
| Q1 25 | $9.5B | $30.7B | ||
| Q4 24 | $8.8B | $30.1B | ||
| Q3 24 | $8.5B | $26.8B | ||
| Q2 24 | $8.5B | $26.3B |
| Q1 26 | $20.8B | — | ||
| Q4 25 | $21.4B | $141.6B | ||
| Q3 25 | $21.9B | $138.2B | ||
| Q2 25 | $21.3B | $136.4B | ||
| Q1 25 | $20.0B | $135.4B | ||
| Q4 24 | $19.8B | $133.7B | ||
| Q3 24 | $19.5B | $132.3B | ||
| Q2 24 | $18.7B | $130.8B |
| Q1 26 | — | — | ||
| Q4 25 | 0.37× | 1.76× | ||
| Q3 25 | 0.37× | — | ||
| Q2 25 | 0.38× | — | ||
| Q1 25 | 0.39× | — | ||
| Q4 24 | 0.51× | 1.78× | ||
| 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 | $1.1B | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 5.7% | — |
| Cash ConversionOCF / Net Profit | 0.63× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.5B | $2.0B | ||
| Q3 25 | $1.8B | $2.9B | ||
| Q2 25 | $2.6B | $1.1B | ||
| Q1 25 | $1.3B | $2.8B | ||
| Q4 24 | $741.9M | $1.9B | ||
| Q3 24 | $1.6B | $3.1B | ||
| Q2 24 | $862.4M | $711.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $-1.2B | ||
| Q3 25 | $1.6B | $-80.0M | ||
| Q2 25 | $2.4B | $-2.0B | ||
| Q1 25 | $1.0B | $213.0M | ||
| Q4 24 | $553.6M | $-896.0M | ||
| Q3 24 | $1.5B | $526.0M | ||
| Q2 24 | $761.7M | $-1.6B |
| Q1 26 | — | — | ||
| Q4 25 | 22.8% | -17.6% | ||
| Q3 25 | 29.9% | -1.3% | ||
| Q2 25 | 46.1% | -34.0% | ||
| Q1 25 | 21.6% | 3.6% | ||
| Q4 24 | 12.7% | -13.5% | ||
| Q3 24 | 35.0% | 8.9% | ||
| Q2 24 | 19.7% | -26.5% |
| Q1 26 | 5.7% | — | ||
| Q4 25 | 4.9% | 46.4% | ||
| Q3 25 | 3.5% | 46.9% | ||
| Q2 25 | 3.3% | 52.0% | ||
| Q1 25 | 6.1% | 44.0% | ||
| Q4 24 | 4.3% | 42.6% | ||
| Q3 24 | 2.7% | 43.8% | ||
| Q2 24 | 2.6% | 38.4% |
| Q1 26 | 0.63× | — | ||
| Q4 25 | 0.93× | 2.93× | ||
| Q3 25 | 1.13× | 3.35× | ||
| Q2 25 | 1.48× | 1.93× | ||
| Q1 25 | 0.98× | 4.49× | ||
| Q4 24 | 0.62× | 2.87× | ||
| Q3 24 | 1.40× | 5.41× | ||
| Q2 24 | 0.85× | 1.36× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LRCX
Segment breakdown not available.
PCG
| Electric | $5.0B | 72% |
| Other | $1.9B | 28% |
