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FCF Margin for Lam Research (LRCX)

As of · Reported

Metric

TTM

29.8%

YoY change

+0.82pp

Trough year (2009)

-11.0%

Peak year (2019)

29.8%

FCF Margin history chart for Lam Research (LRCX) from 1989 to 2025

Latest: 29.4%

FCF Margin change chart for Lam Research (LRCX) from 1989 to 2025

Latest: +0.82pp

FCF Margin history table for Lam Research (LRCX) from 1989 to 2025

  • 202529.4%+0.82pp
  • 202428.6%+1.71pp
  • 202326.8%+12.02pp
  • 202214.8%-7.32pp
  • 202122.1%+3.00pp
  • 202019.1%-10.61pp
  • 201929.8%+8.25pp
  • 201821.5%-1.85pp
  • 201723.4%+3.40pp
  • 201620.0%+8.80pp
  • 201511.2%-1.24pp
  • 201412.4%-3.13pp
  • 201315.5%+0.84pp
  • 201214.7%-8.57pp
  • 201123.3%+8.51pp
  • 201014.8%+25.74pp
  • 2009-11.0%-31.72pp
  • 200820.7%-9.00pp
  • 200729.8%+10.35pp
  • 200619.4%-7.43pp
  • 200526.8%+12.60pp
  • 200414.2%+6.68pp
  • 20037.5%+6.36pp
  • 20021.2%-11.77pp
  • 200113.0%+7.31pp
  • 20005.6%+16.51pp
  • 1999-10.9%-10.96pp
  • 19980.1%-3.95pp
  • 19974.1%+7.10pp
  • 1996-3.1%+2.50pp
  • 1995-5.6%-2.93pp
  • 1994-2.6%+6.52pp
  • 1993-9.1%-5.33pp
  • 1992-3.8%+5.91pp
  • 1991-9.7%-5.41pp
  • 1990-4.3%+3.72pp
  • 1989-8.0%—

FCF Margin values are taken from Lam Research's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About FCF Margin at Lam Research (LRCX)

According to Lam Research's latest reported financial statements, the company's latest reported free cash flow margin is 29.8%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

As of the 2025 fiscal year, Lam Research (LRCX) reported free cash flow margin of 29.37% – expanded 0.8 percentage points year-over-year.

29.76% stands as the all-time-high annual free cash flow margin, posted in 2019, against a low of -10.97% during 2009.

Lam Research FCF Margin by Year

Lam Research FCF Margin 2025: 29.4%

Lam Research posted free cash flow margin of 29.37% in 2025, expanded 0.8 percentage points from 2024.

Lam Research FCF Margin 2024: 28.6%

In 2024, Lam Research reported free cash flow margin of 28.55%, expanded 1.7 percentage points from 2023.

Lam Research FCF Margin 2023: 26.8%

Lam Research free cash flow margin in 2023 was 26.84%, expanded 12.0 percentage points from 2022.

Lam Research FCF Margin 2022: 14.8%

2022's free cash flow margin for Lam Research came in at 14.82%, contracted 7.3 percentage points from 2021.

Lam Research FCF Margin 2021: 22.1%

Lam Research free cash flow margin in 2021 was 22.15%.

See more financial history for Lam Research (LRCX).

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