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Side-by-side financial comparison of Lam Research (LRCX) and SONIC AUTOMOTIVE INC (SAH). Click either name above to swap in a different company.
Lam Research is the larger business by last-quarter revenue ($5.8B vs $3.7B, roughly 1.6× SONIC AUTOMOTIVE INC). Lam Research runs the higher net margin — 31.2% vs 1.6%, a 29.6% gap on every dollar of revenue. On growth, Lam Research posted the faster year-over-year revenue change (23.8% vs 1.0%). Over the past eight quarters, Lam Research's revenue compounded faster (22.8% CAGR vs 3.4%).
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).
Sonic Automotive is a Fortune 500 company based in Charlotte, North Carolina, and is the fifth largest automotive retailer in the United States as measured by total revenues. The company was founded by O Bruton Smith and completed its initial public offering on the NYSE in 1997.
LRCX vs SAH — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $5.8B | $3.7B |
| Net Profit | $1.8B | $60.8M |
| Gross Margin | 49.8% | 16.2% |
| Operating Margin | 35.0% | 3.1% |
| Net Margin | 31.2% | 1.6% |
| Revenue YoY | 23.8% | 1.0% |
| Net Profit YoY | 37.2% | — |
| EPS (diluted) | $1.45 | $1.79 |
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 | $3.7B | ||
| Q4 25 | $5.3B | $3.9B | ||
| Q3 25 | $5.3B | $4.0B | ||
| Q2 25 | $5.2B | $3.7B | ||
| Q1 25 | $4.7B | $3.7B | ||
| Q4 24 | $4.4B | $3.9B | ||
| Q3 24 | $4.2B | $3.5B | ||
| Q2 24 | $3.9B | $3.5B |
| Q1 26 | $1.8B | $60.8M | ||
| Q4 25 | $1.6B | $46.9M | ||
| Q3 25 | $1.6B | $46.8M | ||
| Q2 25 | $1.7B | $-45.6M | ||
| Q1 25 | $1.3B | $70.6M | ||
| Q4 24 | $1.2B | $58.6M | ||
| Q3 24 | $1.1B | $74.2M | ||
| Q2 24 | $1.0B | $41.2M |
| Q1 26 | 49.8% | 16.2% | ||
| Q4 25 | 49.6% | 15.5% | ||
| Q3 25 | 50.4% | 15.5% | ||
| Q2 25 | 50.1% | 16.5% | ||
| Q1 25 | 49.0% | 15.5% | ||
| Q4 24 | 47.4% | 14.7% | ||
| Q3 24 | 48.0% | 15.6% | ||
| Q2 24 | 47.5% | 15.6% |
| Q1 26 | 35.0% | 3.1% | ||
| Q4 25 | 33.9% | 3.2% | ||
| Q3 25 | 34.4% | 3.1% | ||
| Q2 25 | 33.7% | -0.6% | ||
| Q1 25 | 33.1% | 4.0% | ||
| Q4 24 | 30.5% | 3.4% | ||
| Q3 24 | 30.3% | 3.3% | ||
| Q2 24 | 29.1% | 3.1% |
| Q1 26 | 31.2% | 1.6% | ||
| Q4 25 | 29.8% | 1.2% | ||
| Q3 25 | 29.5% | 1.2% | ||
| Q2 25 | 33.3% | -1.2% | ||
| Q1 25 | 28.2% | 1.9% | ||
| Q4 24 | 27.2% | 1.5% | ||
| Q3 24 | 26.8% | 2.1% | ||
| Q2 24 | 26.4% | 1.2% |
| Q1 26 | $1.45 | $1.79 | ||
| Q4 25 | $1.26 | $1.39 | ||
| Q3 25 | $1.24 | $1.33 | ||
| Q2 25 | $1.34 | $-1.34 | ||
| Q1 25 | $1.03 | $2.04 | ||
| Q4 24 | $0.92 | $1.67 | ||
| Q3 24 | $0.86 | $2.13 | ||
| Q2 24 | $7.78 | $1.18 |
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 | $6.3M | ||
| Q3 25 | $6.7B | $89.4M | ||
| Q2 25 | $6.4B | $110.4M | ||
| Q1 25 | $5.5B | $64.6M | ||
| Q4 24 | $5.7B | $44.0M | ||
| Q3 24 | $6.1B | $17.6M | ||
| Q2 24 | $5.8B | $67.2M |
| Q1 26 | — | — | ||
| Q4 25 | $3.7B | $1.6B | ||
| Q3 25 | $3.7B | $1.5B | ||
| Q2 25 | $3.7B | $1.5B | ||
| Q1 25 | $3.7B | $1.6B | ||
| Q4 24 | $4.5B | $1.6B | ||
| Q3 24 | $4.5B | $1.7B | ||
| Q2 24 | $4.5B | $1.7B |
| Q1 26 | — | — | ||
| Q4 25 | $10.1B | $1.1B | ||
| Q3 25 | $10.2B | $1.1B | ||
| Q2 25 | $9.9B | $1.0B | ||
| Q1 25 | $9.5B | $1.1B | ||
| Q4 24 | $8.8B | $1.1B | ||
| Q3 24 | $8.5B | $1.0B | ||
| Q2 24 | $8.5B | $944.7M |
| Q1 26 | $20.8B | — | ||
| Q4 25 | $21.4B | $6.0B | ||
| Q3 25 | $21.9B | $6.0B | ||
| Q2 25 | $21.3B | $5.9B | ||
| Q1 25 | $20.0B | $5.9B | ||
| Q4 24 | $19.8B | $5.9B | ||
| Q3 24 | $19.5B | $5.8B | ||
| Q2 24 | $18.7B | $5.8B |
| Q1 26 | — | — | ||
| Q4 25 | 0.37× | 1.51× | ||
| Q3 25 | 0.37× | 1.39× | ||
| Q2 25 | 0.38× | 1.48× | ||
| Q1 25 | 0.39× | 1.44× | ||
| Q4 24 | 0.51× | 1.49× | ||
| Q3 24 | 0.53× | 1.67× | ||
| Q2 24 | 0.52× | 1.81× |
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 | $66.9M | ||
| Q3 25 | $1.8B | $167.9M | ||
| Q2 25 | $2.6B | $136.8M | ||
| Q1 25 | $1.3B | $195.8M | ||
| Q4 24 | $741.9M | $87.7M | ||
| Q3 24 | $1.6B | $87.8M | ||
| Q2 24 | $862.4M | $-136.4M |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $-195.6M | ||
| Q3 25 | $1.6B | $134.4M | ||
| Q2 25 | $2.4B | $102.7M | ||
| Q1 25 | $1.0B | $150.8M | ||
| Q4 24 | $553.6M | $-245.5M | ||
| Q3 24 | $1.5B | $34.5M | ||
| Q2 24 | $761.7M | $-185.2M |
| Q1 26 | — | — | ||
| Q4 25 | 22.8% | -5.1% | ||
| Q3 25 | 29.9% | 3.4% | ||
| Q2 25 | 46.1% | 2.8% | ||
| Q1 25 | 21.6% | 4.1% | ||
| Q4 24 | 12.7% | -6.3% | ||
| Q3 24 | 35.0% | 1.0% | ||
| Q2 24 | 19.7% | -5.4% |
| Q1 26 | 5.7% | — | ||
| Q4 25 | 4.9% | 6.8% | ||
| Q3 25 | 3.5% | 0.8% | ||
| Q2 25 | 3.3% | 0.9% | ||
| Q1 25 | 6.1% | 1.2% | ||
| Q4 24 | 4.3% | 8.6% | ||
| Q3 24 | 2.7% | 1.5% | ||
| Q2 24 | 2.6% | 1.4% |
| Q1 26 | 0.63× | — | ||
| Q4 25 | 0.93× | 1.43× | ||
| Q3 25 | 1.13× | 3.59× | ||
| Q2 25 | 1.48× | — | ||
| Q1 25 | 0.98× | 2.77× | ||
| Q4 24 | 0.62× | 1.50× | ||
| Q3 24 | 1.40× | 1.18× | ||
| Q2 24 | 0.85× | -3.31× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LRCX
Segment breakdown not available.
SAH
| Retail new vehicles | $1.6B | 44% |
| Used vehicles | $1.3B | 34% |
| Parts, service and collision repair | $516.6M | 14% |
| Finance, insurance and other, net | $202.4M | 5% |
| Wholesale vehicles | $71.8M | 2% |
| Fleet new vehicles | $20.7M | 1% |
