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Side-by-side financial comparison of Lam Research (LRCX) and WESCO INTERNATIONAL INC (WCC). Click either name above to swap in a different company.
WESCO INTERNATIONAL INC is the larger business by last-quarter revenue ($6.1B vs $5.8B, roughly 1.0× Lam Research). Lam Research runs the higher net margin — 31.2% vs 2.5%, a 28.7% gap on every dollar of revenue. On growth, Lam Research posted the faster year-over-year revenue change (23.8% vs 13.8%). Over the past eight quarters, Lam Research's revenue compounded faster (22.8% CAGR vs 5.3%).
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).
Wesco International, Inc. is a publicly traded American holding company for Wesco Distribution, an electrical distribution and services company based in Pittsburgh, Pennsylvania.
LRCX vs WCC — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $5.8B | $6.1B |
| Net Profit | $1.8B | $153.8M |
| Gross Margin | 49.8% | 21.2% |
| Operating Margin | 35.0% | 4.8% |
| Net Margin | 31.2% | 2.5% |
| Revenue YoY | 23.8% | 13.8% |
| Net Profit YoY | 37.2% | 47.9% |
| EPS (diluted) | $1.45 | — |
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 | $6.1B | ||
| Q4 25 | $5.3B | $6.1B | ||
| Q3 25 | $5.3B | $6.2B | ||
| Q2 25 | $5.2B | $5.9B | ||
| Q1 25 | $4.7B | $5.3B | ||
| Q4 24 | $4.4B | $5.5B | ||
| Q3 24 | $4.2B | $5.5B | ||
| Q2 24 | $3.9B | $5.5B |
| Q1 26 | $1.8B | $153.8M | ||
| Q4 25 | $1.6B | $159.8M | ||
| Q3 25 | $1.6B | $187.5M | ||
| Q2 25 | $1.7B | $174.5M | ||
| Q1 25 | $1.3B | $118.4M | ||
| Q4 24 | $1.2B | $165.4M | ||
| Q3 24 | $1.1B | $204.3M | ||
| Q2 24 | $1.0B | $232.1M |
| Q1 26 | 49.8% | 21.2% | ||
| Q4 25 | 49.6% | 21.2% | ||
| Q3 25 | 50.4% | 21.3% | ||
| Q2 25 | 50.1% | 21.1% | ||
| Q1 25 | 49.0% | 21.1% | ||
| Q4 24 | 47.4% | 21.2% | ||
| Q3 24 | 48.0% | 22.1% | ||
| Q2 24 | 47.5% | 21.9% |
| Q1 26 | 35.0% | 4.8% | ||
| Q4 25 | 33.9% | 5.3% | ||
| Q3 25 | 34.4% | 5.6% | ||
| Q2 25 | 33.7% | 5.5% | ||
| Q1 25 | 33.1% | 4.5% | ||
| Q4 24 | 30.5% | 5.5% | ||
| Q3 24 | 30.3% | 6.1% | ||
| Q2 24 | 29.1% | 5.9% |
| Q1 26 | 31.2% | 2.5% | ||
| Q4 25 | 29.8% | 2.6% | ||
| Q3 25 | 29.5% | 3.0% | ||
| Q2 25 | 33.3% | 3.0% | ||
| Q1 25 | 28.2% | 2.2% | ||
| Q4 24 | 27.2% | 3.0% | ||
| Q3 24 | 26.8% | 3.7% | ||
| Q2 24 | 26.4% | 4.2% |
| Q1 26 | $1.45 | — | ||
| Q4 25 | $1.26 | $3.33 | ||
| Q3 25 | $1.24 | $3.79 | ||
| Q2 25 | $1.34 | $3.83 | ||
| Q1 25 | $1.03 | $2.10 | ||
| Q4 24 | $0.92 | $3.01 | ||
| Q3 24 | $0.86 | $3.81 | ||
| Q2 24 | $7.78 | $4.28 |
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 | $696.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $5.1B |
| Total Assets | $20.8B | $17.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $4.8B | $696.6M | ||
| Q4 25 | $6.2B | — | ||
| Q3 25 | $6.7B | — | ||
| Q2 25 | $6.4B | — | ||
| Q1 25 | $5.5B | — | ||
| Q4 24 | $5.7B | — | ||
| Q3 24 | $6.1B | — | ||
| Q2 24 | $5.8B | — |
| Q1 26 | — | — | ||
| Q4 25 | $3.7B | — | ||
| Q3 25 | $3.7B | — | ||
| Q2 25 | $3.7B | — | ||
| Q1 25 | $3.7B | — | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.5B | — | ||
| Q2 24 | $4.5B | — |
| Q1 26 | — | $5.1B | ||
| Q4 25 | $10.1B | $5.0B | ||
| Q3 25 | $10.2B | $4.8B | ||
| Q2 25 | $9.9B | $4.8B | ||
| Q1 25 | $9.5B | $5.0B | ||
| Q4 24 | $8.8B | $5.0B | ||
| Q3 24 | $8.5B | $5.0B | ||
| Q2 24 | $8.5B | $4.9B |
| Q1 26 | $20.8B | $17.0B | ||
| Q4 25 | $21.4B | $16.5B | ||
| Q3 25 | $21.9B | $16.6B | ||
| Q2 25 | $21.3B | $16.2B | ||
| Q1 25 | $20.0B | $15.5B | ||
| Q4 24 | $19.8B | $15.1B | ||
| Q3 24 | $19.5B | $15.3B | ||
| Q2 24 | $18.7B | $15.1B |
| Q1 26 | — | — | ||
| Q4 25 | 0.37× | — | ||
| Q3 25 | 0.37× | — | ||
| Q2 25 | 0.38× | — | ||
| Q1 25 | 0.39× | — | ||
| Q4 24 | 0.51× | — | ||
| 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 | $221.4M |
| Free Cash FlowOCF − Capex | — | $213.4M |
| FCF MarginFCF / Revenue | — | 3.5% |
| Capex IntensityCapex / Revenue | 5.7% | 0.4% |
| Cash ConversionOCF / Net Profit | 0.63× | 1.44× |
| TTM Free Cash FlowTrailing 4 quarters | — | $231.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.1B | $221.4M | ||
| Q4 25 | $1.5B | $71.9M | ||
| Q3 25 | $1.8B | $-82.7M | ||
| Q2 25 | $2.6B | $107.8M | ||
| Q1 25 | $1.3B | $28.0M | ||
| Q4 24 | $741.9M | $276.6M | ||
| Q3 24 | $1.6B | $302.1M | ||
| Q2 24 | $862.4M | $-223.8M |
| Q1 26 | — | $213.4M | ||
| Q4 25 | $1.2B | $27.5M | ||
| Q3 25 | $1.6B | $-95.9M | ||
| Q2 25 | $2.4B | $86.0M | ||
| Q1 25 | $1.0B | $7.6M | ||
| Q4 24 | $553.6M | $252.3M | ||
| Q3 24 | $1.5B | $272.9M | ||
| Q2 24 | $761.7M | $-244.6M |
| Q1 26 | — | 3.5% | ||
| Q4 25 | 22.8% | 0.5% | ||
| Q3 25 | 29.9% | -1.5% | ||
| Q2 25 | 46.1% | 1.5% | ||
| Q1 25 | 21.6% | 0.1% | ||
| Q4 24 | 12.7% | 4.6% | ||
| Q3 24 | 35.0% | 5.0% | ||
| Q2 24 | 19.7% | -4.5% |
| Q1 26 | 5.7% | 0.4% | ||
| Q4 25 | 4.9% | 0.7% | ||
| Q3 25 | 3.5% | 0.2% | ||
| Q2 25 | 3.3% | 0.4% | ||
| Q1 25 | 6.1% | 0.4% | ||
| Q4 24 | 4.3% | 0.4% | ||
| Q3 24 | 2.7% | 0.5% | ||
| Q2 24 | 2.6% | 0.4% |
| Q1 26 | 0.63× | 1.44× | ||
| Q4 25 | 0.93× | 0.45× | ||
| Q3 25 | 1.13× | -0.44× | ||
| Q2 25 | 1.48× | 0.62× | ||
| Q1 25 | 0.98× | 0.24× | ||
| Q4 24 | 0.62× | 1.67× | ||
| Q3 24 | 1.40× | 1.48× | ||
| Q2 24 | 0.85× | -0.96× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LRCX
Segment breakdown not available.
WCC
| CSS | $2.5B | 41% |
| EES | $2.2B | 37% |
| UBS | $1.4B | 22% |
