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Side-by-side financial comparison of Lam Research (LRCX) and PILGRIMS PRIDE CORP (PPC). Click either name above to swap in a different company.
Lam Research is the larger business by last-quarter revenue ($5.3B vs $4.5B, roughly 1.2× PILGRIMS PRIDE CORP). Lam Research runs the higher net margin — 29.8% vs 1.9%, a 27.9% gap on every dollar of revenue. On growth, Lam Research posted the faster year-over-year revenue change (22.1% vs 3.3%). Lam Research produced more free cash flow last quarter ($1.2B vs $10.0M). Over the past eight quarters, Lam Research's revenue compounded faster (18.7% CAGR vs 1.8%).
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).
Pilgrim's Pride Corporation is an American, multi-national food company, currently one of the largest chicken producers in the United States and Puerto Rico and the second-largest chicken producer in Mexico. It exited bankruptcy in December 2009 and relocated its U.S. headquarters to Greeley, Colorado, in 2011. It is majority-owned by JBS S.A. Pilgrim's Pride purchased Gold'n Plump for $350 million in late November 2016.
LRCX vs PPC — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.3B | $4.5B |
| Net Profit | $1.6B | $88.0M |
| Gross Margin | 49.6% | 9.5% |
| Operating Margin | 33.9% | 4.5% |
| Net Margin | 29.8% | 1.9% |
| Revenue YoY | 22.1% | 3.3% |
| Net Profit YoY | 33.8% | -62.7% |
| EPS (diluted) | $1.26 | $0.37 |
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 | $5.3B | $4.5B | ||
| Q3 25 | $5.3B | $4.8B | ||
| Q2 25 | $5.2B | $4.8B | ||
| Q1 25 | $4.7B | $4.5B | ||
| Q4 24 | $4.4B | $4.4B | ||
| Q3 24 | $4.2B | $4.6B | ||
| Q2 24 | $3.9B | $4.6B | ||
| Q1 24 | $3.8B | $4.4B |
| Q4 25 | $1.6B | $88.0M | ||
| Q3 25 | $1.6B | $342.8M | ||
| Q2 25 | $1.7B | $355.5M | ||
| Q1 25 | $1.3B | $296.0M | ||
| Q4 24 | $1.2B | $235.9M | ||
| Q3 24 | $1.1B | $349.9M | ||
| Q2 24 | $1.0B | $326.3M | ||
| Q1 24 | $965.8M | $174.4M |
| Q4 25 | 49.6% | 9.5% | ||
| Q3 25 | 50.4% | 13.9% | ||
| Q2 25 | 50.1% | 15.0% | ||
| Q1 25 | 49.0% | 12.4% | ||
| Q4 24 | 47.4% | 12.7% | ||
| Q3 24 | 48.0% | 14.9% | ||
| Q2 24 | 47.5% | 15.2% | ||
| Q1 24 | 47.5% | 8.8% |
| Q4 25 | 33.9% | 4.5% | ||
| Q3 25 | 34.4% | 10.4% | ||
| Q2 25 | 33.7% | 10.8% | ||
| Q1 25 | 33.1% | 9.1% | ||
| Q4 24 | 30.5% | 7.0% | ||
| Q3 24 | 30.3% | 11.1% | ||
| Q2 24 | 29.1% | 9.7% | ||
| Q1 24 | 27.9% | 5.7% |
| Q4 25 | 29.8% | 1.9% | ||
| Q3 25 | 29.5% | 7.2% | ||
| Q2 25 | 33.3% | 7.5% | ||
| Q1 25 | 28.2% | 6.6% | ||
| Q4 24 | 27.2% | 5.4% | ||
| Q3 24 | 26.8% | 7.6% | ||
| Q2 24 | 26.4% | 7.2% | ||
| Q1 24 | 25.5% | 4.0% |
| Q4 25 | $1.26 | $0.37 | ||
| Q3 25 | $1.24 | $1.44 | ||
| Q2 25 | $1.34 | $1.49 | ||
| Q1 25 | $1.03 | $1.24 | ||
| Q4 24 | $0.92 | $1.00 | ||
| Q3 24 | $0.86 | $1.47 | ||
| Q2 24 | $7.78 | $1.37 | ||
| Q1 24 | $7.34 | $0.73 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $6.2B | $640.2M |
| Total DebtLower is stronger | $3.7B | $3.1B |
| Stockholders' EquityBook value | $10.1B | $3.7B |
| Total Assets | $21.4B | $10.3B |
| Debt / EquityLower = less leverage | 0.37× | 0.84× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $6.2B | $640.2M | ||
| Q3 25 | $6.7B | $612.6M | ||
| Q2 25 | $6.4B | $849.0M | ||
| Q1 25 | $5.5B | $2.1B | ||
| Q4 24 | $5.7B | $2.0B | ||
| Q3 24 | $6.1B | $1.9B | ||
| Q2 24 | $5.8B | $1.3B | ||
| Q1 24 | $5.7B | $870.8M |
| Q4 25 | $3.7B | $3.1B | ||
| Q3 25 | $3.7B | $3.1B | ||
| Q2 25 | $3.7B | $3.1B | ||
| Q1 25 | $3.7B | $3.2B | ||
| Q4 24 | $4.5B | $3.2B | ||
| Q3 24 | $4.5B | $3.2B | ||
| Q2 24 | $4.5B | $3.2B | ||
| Q1 24 | $4.5B | $3.3B |
| Q4 25 | $10.1B | $3.7B | ||
| Q3 25 | $10.2B | $3.5B | ||
| Q2 25 | $9.9B | $3.7B | ||
| Q1 25 | $9.5B | $3.1B | ||
| Q4 24 | $8.8B | $4.2B | ||
| Q3 24 | $8.5B | $4.2B | ||
| Q2 24 | $8.5B | $3.7B | ||
| Q1 24 | $8.0B | $3.5B |
| Q4 25 | $21.4B | $10.3B | ||
| Q3 25 | $21.9B | $10.0B | ||
| Q2 25 | $21.3B | $10.1B | ||
| Q1 25 | $20.0B | $11.0B | ||
| Q4 24 | $19.8B | $10.7B | ||
| Q3 24 | $19.5B | $10.7B | ||
| Q2 24 | $18.7B | $10.1B | ||
| Q1 24 | $18.3B | $9.8B |
| Q4 25 | 0.37× | 0.84× | ||
| Q3 25 | 0.37× | 0.87× | ||
| Q2 25 | 0.38× | 0.83× | ||
| Q1 25 | 0.39× | 1.02× | ||
| Q4 24 | 0.51× | 0.76× | ||
| Q3 24 | 0.53× | 0.76× | ||
| Q2 24 | 0.52× | 0.85× | ||
| Q1 24 | 0.56× | 0.96× |
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 | $291.2M |
| Free Cash FlowOCF − Capex | $1.2B | $10.0M |
| FCF MarginFCF / Revenue | 22.8% | 0.2% |
| Capex IntensityCapex / Revenue | 4.9% | 6.2% |
| Cash ConversionOCF / Net Profit | 0.93× | 3.31× |
| TTM Free Cash FlowTrailing 4 quarters | $6.2B | $653.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $291.2M | ||
| Q3 25 | $1.8B | $458.3M | ||
| Q2 25 | $2.6B | $495.2M | ||
| Q1 25 | $1.3B | $126.9M | ||
| Q4 24 | $741.9M | $349.3M | ||
| Q3 24 | $1.6B | $651.1M | ||
| Q2 24 | $862.4M | $718.6M | ||
| Q1 24 | $1.4B | $271.0M |
| Q4 25 | $1.2B | $10.0M | ||
| Q3 25 | $1.6B | $275.9M | ||
| Q2 25 | $2.4B | $339.1M | ||
| Q1 25 | $1.0B | $28.1M | ||
| Q4 24 | $553.6M | $176.6M | ||
| Q3 24 | $1.5B | $565.3M | ||
| Q2 24 | $761.7M | $617.7M | ||
| Q1 24 | $1.3B | $171.9M |
| Q4 25 | 22.8% | 0.2% | ||
| Q3 25 | 29.9% | 5.8% | ||
| Q2 25 | 46.1% | 7.1% | ||
| Q1 25 | 21.6% | 0.6% | ||
| Q4 24 | 12.7% | 4.0% | ||
| Q3 24 | 35.0% | 12.3% | ||
| Q2 24 | 19.7% | 13.5% | ||
| Q1 24 | 33.8% | 3.9% |
| Q4 25 | 4.9% | 6.2% | ||
| Q3 25 | 3.5% | 3.8% | ||
| Q2 25 | 3.3% | 3.3% | ||
| Q1 25 | 6.1% | 2.2% | ||
| Q4 24 | 4.3% | 4.0% | ||
| Q3 24 | 2.7% | 1.9% | ||
| Q2 24 | 2.6% | 2.2% | ||
| Q1 24 | 2.7% | 2.3% |
| Q4 25 | 0.93× | 3.31× | ||
| Q3 25 | 1.13× | 1.34× | ||
| Q2 25 | 1.48× | 1.39× | ||
| Q1 25 | 0.98× | 0.43× | ||
| Q4 24 | 0.62× | 1.48× | ||
| Q3 24 | 1.40× | 1.86× | ||
| Q2 24 | 0.85× | 2.20× | ||
| Q1 24 | 1.43× | 1.55× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LRCX
| System | $3.4B | 63% |
| Customer Supportand Other | $2.0B | 37% |
PPC
| Retail | $1.5B | 33% |
| Europe Reportable Segment | $1.4B | 31% |
| Food Service | $889.2M | 20% |
| Prepared Product | $332.8M | 7% |
| Product Export | $122.7M | 3% |
| Other Sales Channel | $96.0M | 2% |
| Other Product And Service | $79.7M | 2% |
| Related Party | $21.7M | 0% |
| Seara Meats B.V. | $18.9M | 0% |
| Penasul UKLTD | $10.3M | 0% |
| JBSUSA Food Company | $5.4M | 0% |
