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Side-by-side financial comparison of Lam Research (LRCX) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.
Lam Research is the larger business by last-quarter revenue ($5.8B vs $2.7B, roughly 2.1× Molson Coors Beverage Company). Lam Research runs the higher net margin — 31.2% vs 5.5%, a 25.7% gap on every dollar of revenue. On growth, Lam Research posted the faster year-over-year revenue change (23.8% vs 2.0%). Over the past eight quarters, Lam Research's revenue compounded faster (22.8% CAGR vs -15.8%).
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).
Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.
LRCX vs TAP — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $5.8B | $2.7B |
| Net Profit | $1.8B | $150.1M |
| Gross Margin | 49.8% | 33.0% |
| Operating Margin | 35.0% | — |
| Net Margin | 31.2% | 5.5% |
| Revenue YoY | 23.8% | 2.0% |
| Net Profit YoY | 37.2% | 25.0% |
| EPS (diluted) | $1.45 | $0.80 |
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 | $2.7B | ||
| Q4 25 | $5.3B | $3.1B | ||
| Q3 25 | $5.3B | $3.5B | ||
| Q2 25 | $5.2B | $3.7B | ||
| Q1 25 | $4.7B | $2.7B | ||
| Q4 24 | $4.4B | $3.2B | ||
| Q3 24 | $4.2B | $3.6B | ||
| Q2 24 | $3.9B | $3.8B |
| Q1 26 | $1.8B | $150.1M | ||
| Q4 25 | $1.6B | $238.3M | ||
| Q3 25 | $1.6B | $-2.9B | ||
| Q2 25 | $1.7B | $428.7M | ||
| Q1 25 | $1.3B | $121.0M | ||
| Q4 24 | $1.2B | $287.8M | ||
| Q3 24 | $1.1B | $199.8M | ||
| Q2 24 | $1.0B | $427.0M |
| Q1 26 | 49.8% | 33.0% | ||
| Q4 25 | 49.6% | 31.0% | ||
| Q3 25 | 50.4% | 33.7% | ||
| Q2 25 | 50.1% | 34.3% | ||
| Q1 25 | 49.0% | 31.6% | ||
| Q4 24 | 47.4% | 32.0% | ||
| Q3 24 | 48.0% | 33.4% | ||
| Q2 24 | 47.5% | 34.6% |
| Q1 26 | 35.0% | — | ||
| Q4 25 | 33.9% | 10.4% | ||
| Q3 25 | 34.4% | -98.5% | ||
| Q2 25 | 33.7% | 15.6% | ||
| Q1 25 | 33.1% | 6.9% | ||
| Q4 24 | 30.5% | 12.0% | ||
| Q3 24 | 30.3% | 12.5% | ||
| Q2 24 | 29.1% | 15.6% |
| Q1 26 | 31.2% | 5.5% | ||
| Q4 25 | 29.8% | 7.6% | ||
| Q3 25 | 29.5% | -84.0% | ||
| Q2 25 | 33.3% | 11.5% | ||
| Q1 25 | 28.2% | 4.5% | ||
| Q4 24 | 27.2% | 8.9% | ||
| Q3 24 | 26.8% | 5.5% | ||
| Q2 24 | 26.4% | 11.1% |
| Q1 26 | $1.45 | $0.80 | ||
| Q4 25 | $1.26 | $1.32 | ||
| Q3 25 | $1.24 | $-14.79 | ||
| Q2 25 | $1.34 | $2.13 | ||
| Q1 25 | $1.03 | $0.59 | ||
| Q4 24 | $0.92 | $1.39 | ||
| Q3 24 | $0.86 | $0.96 | ||
| Q2 24 | $7.78 | $2.03 |
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 | $382.6M |
| Total DebtLower is stronger | — | $3.8B |
| Stockholders' EquityBook value | — | $10.3B |
| Total Assets | $20.8B | $22.4B |
| Debt / EquityLower = less leverage | — | 0.38× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $4.8B | $382.6M | ||
| Q4 25 | $6.2B | $896.5M | ||
| Q3 25 | $6.7B | $950.2M | ||
| Q2 25 | $6.4B | $613.8M | ||
| Q1 25 | $5.5B | $412.7M | ||
| Q4 24 | $5.7B | $969.3M | ||
| Q3 24 | $6.1B | $1.0B | ||
| Q2 24 | $5.8B | $1.6B |
| Q1 26 | — | $3.8B | ||
| Q4 25 | $3.7B | $6.3B | ||
| Q3 25 | $3.7B | $6.3B | ||
| Q2 25 | $3.7B | $6.3B | ||
| Q1 25 | $3.7B | $6.2B | ||
| Q4 24 | $4.5B | $6.1B | ||
| Q3 24 | $4.5B | $6.2B | ||
| Q2 24 | $4.5B | $7.0B |
| Q1 26 | — | $10.3B | ||
| Q4 25 | $10.1B | $10.2B | ||
| Q3 25 | $10.2B | $10.3B | ||
| Q2 25 | $9.9B | $13.4B | ||
| Q1 25 | $9.5B | $13.1B | ||
| Q4 24 | $8.8B | $13.1B | ||
| Q3 24 | $8.5B | $13.3B | ||
| Q2 24 | $8.5B | $13.2B |
| Q1 26 | $20.8B | $22.4B | ||
| Q4 25 | $21.4B | $22.7B | ||
| Q3 25 | $21.9B | $22.9B | ||
| Q2 25 | $21.3B | $26.8B | ||
| Q1 25 | $20.0B | $25.9B | ||
| Q4 24 | $19.8B | $26.1B | ||
| Q3 24 | $19.5B | $26.6B | ||
| Q2 24 | $18.7B | $27.4B |
| Q1 26 | — | 0.38× | ||
| Q4 25 | 0.37× | 0.61× | ||
| Q3 25 | 0.37× | 0.61× | ||
| Q2 25 | 0.38× | 0.47× | ||
| Q1 25 | 0.39× | 0.47× | ||
| Q4 24 | 0.51× | 0.47× | ||
| Q3 24 | 0.53× | 0.47× | ||
| Q2 24 | 0.52× | 0.53× |
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 | — | $-212.9M |
| FCF MarginFCF / Revenue | — | -7.8% |
| Capex IntensityCapex / Revenue | 5.7% | — |
| Cash ConversionOCF / Net Profit | 0.63× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.5B | $540.7M | ||
| Q3 25 | $1.8B | $616.1M | ||
| Q2 25 | $2.6B | $718.3M | ||
| Q1 25 | $1.3B | $-90.7M | ||
| Q4 24 | $741.9M | $494.5M | ||
| Q3 24 | $1.6B | $521.2M | ||
| Q2 24 | $862.4M | $869.2M |
| Q1 26 | — | $-212.9M | ||
| Q4 25 | $1.2B | $357.8M | ||
| Q3 25 | $1.6B | $483.0M | ||
| Q2 25 | $2.4B | $555.0M | ||
| Q1 25 | $1.0B | $-328.0M | ||
| Q4 24 | $553.6M | $383.4M | ||
| Q3 24 | $1.5B | $350.4M | ||
| Q2 24 | $761.7M | $691.7M |
| Q1 26 | — | -7.8% | ||
| Q4 25 | 22.8% | 11.4% | ||
| Q3 25 | 29.9% | 13.9% | ||
| Q2 25 | 46.1% | 14.8% | ||
| Q1 25 | 21.6% | -12.2% | ||
| Q4 24 | 12.7% | 11.8% | ||
| Q3 24 | 35.0% | 9.7% | ||
| Q2 24 | 19.7% | 18.0% |
| Q1 26 | 5.7% | — | ||
| Q4 25 | 4.9% | 5.9% | ||
| Q3 25 | 3.5% | 3.8% | ||
| Q2 25 | 3.3% | 4.4% | ||
| Q1 25 | 6.1% | 8.8% | ||
| Q4 24 | 4.3% | 3.4% | ||
| Q3 24 | 2.7% | 4.7% | ||
| Q2 24 | 2.6% | 4.6% |
| Q1 26 | 0.63× | — | ||
| Q4 25 | 0.93× | 2.27× | ||
| Q3 25 | 1.13× | — | ||
| Q2 25 | 1.48× | 1.68× | ||
| Q1 25 | 0.98× | -0.75× | ||
| Q4 24 | 0.62× | 1.72× | ||
| Q3 24 | 1.40× | 2.61× | ||
| Q2 24 | 0.85× | 2.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
