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Side-by-side financial comparison of Lam Research (LRCX) and Royal Caribbean Group (RCL). Click either name above to swap in a different company.
Lam Research is the larger business by last-quarter revenue ($5.8B vs $4.5B, roughly 1.3× Royal Caribbean Group). Lam Research runs the higher net margin — 31.2% vs 21.3%, a 9.9% gap on every dollar of revenue. On growth, Lam Research posted the faster year-over-year revenue change (23.8% vs 11.3%). Over the past eight quarters, Lam Research's revenue compounded faster (22.8% CAGR vs 4.1%).
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).
Royal Caribbean Group, formerly known as Royal Caribbean Cruises Ltd., is a cruise holding company headquartered in Miami, Florida, United States and incorporated in Liberia. It is the world's second-largest cruise line operator, after Carnival Corporation & plc. As of September 2025, Royal Caribbean Group fully owns three cruise lines: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. It also holds a 50% stake in TUI Cruises, which operates Mein Schiff and Hapag-Lloyd ...
LRCX vs RCL — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $5.8B | $4.5B |
| Net Profit | $1.8B | $950.0M |
| Gross Margin | 49.8% | — |
| Operating Margin | 35.0% | 26.1% |
| Net Margin | 31.2% | 21.3% |
| Revenue YoY | 23.8% | 11.3% |
| Net Profit YoY | 37.2% | 29.1% |
| EPS (diluted) | $1.45 | $3.48 |
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 | $4.5B | ||
| Q4 25 | $5.3B | $4.3B | ||
| Q3 25 | $5.3B | $5.1B | ||
| Q2 25 | $5.2B | $4.5B | ||
| Q1 25 | $4.7B | $4.0B | ||
| Q4 24 | $4.4B | $3.8B | ||
| Q3 24 | $4.2B | $4.9B | ||
| Q2 24 | $3.9B | $4.1B |
| Q1 26 | $1.8B | $950.0M | ||
| Q4 25 | $1.6B | $753.0M | ||
| Q3 25 | $1.6B | $1.6B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.3B | $730.0M | ||
| Q4 24 | $1.2B | $552.0M | ||
| Q3 24 | $1.1B | $1.1B | ||
| Q2 24 | $1.0B | $854.0M |
| Q1 26 | 49.8% | — | ||
| Q4 25 | 49.6% | 47.4% | ||
| Q3 25 | 50.4% | 51.8% | ||
| Q2 25 | 50.1% | 49.7% | ||
| Q1 25 | 49.0% | 48.0% | ||
| Q4 24 | 47.4% | 45.4% | ||
| Q3 24 | 48.0% | 51.1% | ||
| Q2 24 | 47.5% | 47.6% |
| Q1 26 | 35.0% | 26.1% | ||
| Q4 25 | 33.9% | 21.9% | ||
| Q3 25 | 34.4% | 33.1% | ||
| Q2 25 | 33.7% | 29.3% | ||
| Q1 25 | 33.1% | 23.6% | ||
| Q4 24 | 30.5% | 16.6% | ||
| Q3 24 | 30.3% | 33.4% | ||
| Q2 24 | 29.1% | 26.7% |
| Q1 26 | 31.2% | 21.3% | ||
| Q4 25 | 29.8% | 17.7% | ||
| Q3 25 | 29.5% | 30.6% | ||
| Q2 25 | 33.3% | 26.7% | ||
| Q1 25 | 28.2% | 18.3% | ||
| Q4 24 | 27.2% | 14.7% | ||
| Q3 24 | 26.8% | 22.7% | ||
| Q2 24 | 26.4% | 20.8% |
| Q1 26 | $1.45 | $3.48 | ||
| Q4 25 | $1.26 | $2.76 | ||
| Q3 25 | $1.24 | $5.74 | ||
| Q2 25 | $1.34 | $4.41 | ||
| Q1 25 | $1.03 | $2.70 | ||
| Q4 24 | $0.92 | $2.27 | ||
| Q3 24 | $0.86 | $4.21 | ||
| Q2 24 | $7.78 | $3.11 |
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 | $512.0M |
| Total DebtLower is stronger | — | $21.1B |
| Stockholders' EquityBook value | — | $10.0B |
| Total Assets | $20.8B | $42.0B |
| Debt / EquityLower = less leverage | — | 2.11× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $4.8B | $512.0M | ||
| Q4 25 | $6.2B | $825.0M | ||
| Q3 25 | $6.7B | $432.0M | ||
| Q2 25 | $6.4B | $735.0M | ||
| Q1 25 | $5.5B | $386.0M | ||
| Q4 24 | $5.7B | $388.0M | ||
| Q3 24 | $6.1B | $418.0M | ||
| Q2 24 | $5.8B | $391.0M |
| Q1 26 | — | $21.1B | ||
| Q4 25 | $3.7B | $18.2B | ||
| Q3 25 | $3.7B | $17.2B | ||
| Q2 25 | $3.7B | $17.6B | ||
| Q1 25 | $3.7B | $18.0B | ||
| Q4 24 | $4.5B | $18.5B | ||
| Q3 24 | $4.5B | $19.0B | ||
| Q2 24 | $4.5B | $19.8B |
| Q1 26 | — | $10.0B | ||
| Q4 25 | $10.1B | $10.0B | ||
| Q3 25 | $10.2B | $10.1B | ||
| Q2 25 | $9.9B | $9.2B | ||
| Q1 25 | $9.5B | $8.0B | ||
| Q4 24 | $8.8B | $7.6B | ||
| Q3 24 | $8.5B | $7.0B | ||
| Q2 24 | $8.5B | $6.0B |
| Q1 26 | $20.8B | $42.0B | ||
| Q4 25 | $21.4B | $41.6B | ||
| Q3 25 | $21.9B | $40.1B | ||
| Q2 25 | $21.3B | $38.5B | ||
| Q1 25 | $20.0B | $37.5B | ||
| Q4 24 | $19.8B | $37.1B | ||
| Q3 24 | $19.5B | $37.1B | ||
| Q2 24 | $18.7B | $37.0B |
| Q1 26 | — | 2.11× | ||
| Q4 25 | 0.37× | 1.81× | ||
| Q3 25 | 0.37× | 1.70× | ||
| Q2 25 | 0.38× | 1.92× | ||
| Q1 25 | 0.39× | 2.26× | ||
| Q4 24 | 0.51× | 2.44× | ||
| Q3 24 | 0.53× | 2.69× | ||
| Q2 24 | 0.52× | 3.29× |
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 | $1.8B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 5.7% | — |
| Cash ConversionOCF / Net Profit | 0.63× | 1.93× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.1B | $1.8B | ||
| Q4 25 | $1.5B | $1.6B | ||
| Q3 25 | $1.8B | $1.5B | ||
| Q2 25 | $2.6B | $1.7B | ||
| Q1 25 | $1.3B | $1.6B | ||
| Q4 24 | $741.9M | $1.5B | ||
| Q3 24 | $1.6B | $897.0M | ||
| Q2 24 | $862.4M | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $116.0M | ||
| Q3 25 | $1.6B | $-989.0M | ||
| Q2 25 | $2.4B | $910.0M | ||
| Q1 25 | $1.0B | $1.2B | ||
| Q4 24 | $553.6M | $915.0M | ||
| Q3 24 | $1.5B | $563.0M | ||
| Q2 24 | $761.7M | $-567.0M |
| Q1 26 | — | — | ||
| Q4 25 | 22.8% | 2.7% | ||
| Q3 25 | 29.9% | -19.2% | ||
| Q2 25 | 46.1% | 20.1% | ||
| Q1 25 | 21.6% | 30.0% | ||
| Q4 24 | 12.7% | 24.3% | ||
| Q3 24 | 35.0% | 11.5% | ||
| Q2 24 | 19.7% | -13.8% |
| Q1 26 | 5.7% | — | ||
| Q4 25 | 4.9% | 35.4% | ||
| Q3 25 | 3.5% | 47.8% | ||
| Q2 25 | 3.3% | 18.4% | ||
| Q1 25 | 6.1% | 10.7% | ||
| Q4 24 | 4.3% | 14.7% | ||
| Q3 24 | 2.7% | 6.8% | ||
| Q2 24 | 2.6% | 52.1% |
| Q1 26 | 0.63× | 1.93× | ||
| Q4 25 | 0.93× | 2.16× | ||
| Q3 25 | 1.13× | 0.93× | ||
| Q2 25 | 1.48× | 1.44× | ||
| Q1 25 | 0.98× | 2.23× | ||
| Q4 24 | 0.62× | 2.66× | ||
| Q3 24 | 1.40× | 0.81× | ||
| Q2 24 | 0.85× | 1.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LRCX
Segment breakdown not available.
RCL
| Passenger ticket revenues | $3.0B | 68% |
| Onboard and other revenues | $1.4B | 32% |
