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Held by 2,500 of 5,944 reporting institutions (100th percentile) — extremely crowded.
Data as of Q1 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $269.31 today, the market must believe free cash flow compounds 25.1%/yr for a decade (off $4.8B normalized FCF).
The market's 25.1% is more optimistic than its 8-yr track record.
2-stage DCF · 1.27B shares · net debt -$1.9B
mean 20.4% · volatility σ 41% · implied rate exceeded in 4/8 yrs
Central path = implied 25.1%/yr growth; shaded band = ±1σ (41%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Eight indices comparing this year to last (receivables, margins, asset quality, growth, accruals, leverage). Above −1.78 suggests possible manipulation; below −2.22 is clean.
A screen, not proof — high growth alone can raise it.
Earnings are backed by cash (FCF ≥ net income) — high quality. Lower/negative accruals = higher quality (Sloan).
Comfortably covers interest; leverage falling year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
The dividend is comfortably covered — only 21% of free cash flow, leaving room to grow it and fund buybacks. Last year: $1.1B dividends + $3.4B buybacks = $4.6B returned on $5.4B FCF.
1 consecutive years of dividend increases · -3%/yr.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 37%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $6.4B covers all $4.5B of scheduled principal — no refinancing pressure. Scheduled principal only (excludes interest & revolver draws). As of 2025-06-29 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~4.0% on $4.5B of debt.
Cash of $6.4B fully covers short-term debt of $750M.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $18.44B 100.0% | $14.91B 100.0% | $17.43B 100.0% | $17.23B 100.0% | $14.63B 100.0% | $10.04B 100.0% | $9.65B 100.0% | $11.08B 100.0% | $8.01B 100.0% | $5.89B 100.0% |
| Cost of Revenue | $9.46B 51.3% | $7.85B 52.7% | $9.65B 55.4% | $9.36B 54.3% | $7.82B 53.5% | $5.44B 54.1% | $5.30B 54.9% | $5.91B 53.4% | $4.41B 55.0% | $3.27B 55.5% |
| Gross Profit | $8.98B 48.7% | $7.05B 47.3% | $7.78B 44.6% | $7.87B 45.7% | $6.81B 46.5% | $4.61B 45.9% | $4.36B 45.1% | $5.17B 46.6% | $3.60B 45.0% | $2.62B 44.5% |
| Research & Development | $2.10B 11.4% | $1.90B 12.8% | $1.73B 9.9% | $1.60B 9.3% | $1.49B 10.2% | $1.25B 12.5% | $1.19B 12.3% | $1.19B 10.7% | $1.03B 12.9% | $913.7M 15.5% |
| Selling, General & Admin | $981.7M 5.3% | $868.2M 5.8% | $832.8M 4.8% | $885.7M 5.1% | $829.9M 5.7% | $682.5M 6.8% | $702.4M 7.3% | $762.2M 6.9% | $667.5M 8.3% | $631.0M 10.7% |
| Total Operating Expenses | $3.08B 16.7% | $2.79B 18.7% | $2.60B 14.9% | $2.49B 14.5% | $2.32B 15.9% | $1.93B 19.3% | $1.89B 19.6% | $1.95B 17.6% | $1.70B 21.2% | $1.54B 26.2% |
| Operating Income | $5.90B 32.0% | $4.26B 28.6% | $5.17B 29.7% | $5.38B 31.2% | $4.48B 30.6% | $2.67B 26.6% | $2.46B 25.5% | $3.21B 29.0% | $1.90B 23.7% | $1.07B 18.3% |
| Interest Expense | $178.2M 1.0% | $185.2M 1.2% | $186.5M 1.1% | $184.8M 1.1% | $208.6M 1.4% | $177.4M 1.8% | $117.3M 1.2% | $97.4M 0.9% | $117.7M 1.5% | $134.8M 2.3% |
| Interest & Investment Income | $231.3M 1.3% | $251.9M 1.7% | $139.0M 0.8% | $15.2M 0.1% | $19.7M 0.1% | $85.4M 0.9% | $98.8M 1.0% | $85.8M 0.8% | $57.9M 0.7% | $29.5M 0.5% |
| Other Income (Expense), net | $57.2M 0.3% | $96.3M 0.6% | -$65.7M -0.4% | -$188.7M -1.1% | -$111.2M -0.8% | -$98.8M -1.0% | -$18.2M -0.2% | -$61.5M -0.6% | -$90.5M -1.1% | -$114.1M -1.9% |
| Pretax Income | $5.96B 32.3% | $4.36B 29.3% | $5.11B 29.3% | $5.19B 30.1% | $4.37B 29.9% | $2.57B 25.6% | $2.45B 25.3% | $3.15B 28.5% | $1.81B 22.6% | $960.1M 16.3% |
| Income Tax Expense | $599.9M 3.3% | $532.5M 3.6% | $598.3M 3.4% | $587.8M 3.4% | $462.3M 3.2% | $323.2M 3.2% | $255.1M 2.6% | $771.1M 7.0% | $113.9M 1.4% | $46.1M 0.8% |
| Net Income | $5.36B 29.1% | $3.83B 25.7% | $4.51B 25.9% | $4.61B 26.7% | $3.91B 26.7% | $2.25B 22.4% | $2.19B 22.7% | $2.38B 21.5% | $1.70B 21.2% | $914.0M 15.5% |
| Per Share | ||||||||||
| EPS (Basic) | $4.17 | $2.91 | $3.33 | $32.92 | $27.22 | $15.55 | $14.37 | $14.73 | $10.47 | $5.75 |
| EPS (Diluted) | $4.15 | $2.90 | $3.32 | $32.75 | $26.90 | $15.10 | $13.70 | $13.17 | $9.24 | $5.22 |
| Weighted Avg Shares (Basic) | 1.29B | 1.31B | 1.35B | 139.9M | 143.6M | 144.8M | 152.5M | 161.6M | 162.2M | 158.9M |
| Weighted Avg Shares (Diluted) | 1.29B | 1.32B | 1.36B | 140.6M | 145.3M | 149.1M | 159.9M | 180.8M | 183.8M | 175.2M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
EOD close · as of 2026-09-17
No material risks flagged.
Where each multiple sits in its own 3-yr range · 100th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 3-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Returns are margin-driven, not leverage-driven — higher quality.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 1.6× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 53.4 | 54.9 | 54.1 | 53.5 | 54.3 | 55.4 | 52.7 | 51.3 |
| Gross Profit | 46.6 | 45.1 | 45.9 | 46.5 | 45.7 | 44.6 | 47.3 | 48.7 |
| R&D | 10.7 | 12.3 | 12.5 | 10.2 | 9.3 | 9.9 | 12.8 | 11.4 |
| SG&A | 6.9 | 7.3 | 6.8 | 5.7 | 5.1 | 4.8 | 5.8 | 5.3 |
| Operating Income | 29.0 | 25.5 | 26.6 | 30.6 | 31.2 | 29.7 | 28.6 | 32.0 |
| Income Tax | 7.0 | 2.6 | 3.2 | 3.2 | 3.4 | 3.4 | 3.6 | 3.3 |
| Net Income | 21.5 | 22.7 | 22.4 | 26.7 | 26.7 | 25.9 | 25.7 | 29.1 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on LRCX: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Ranked against 743 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TSM | $10.83T | — | — | — | — | — | — | — | — | — | 3,121 |
| NVDA | $5.20T | 43.6× | 39.0× | 24.1× | 65.5% | 71.1% | 55.6% | 76.3% | 72.4% | 0.1× | 5,582 |
| AAPL | $4.91T | 44.6× | 34.3× | 11.8× | 6.4% | 46.9% | 26.9% | 152% | 68.1% | 0.6× | 5,858 |
| MSFT | $3.64T | 27.3× | 19.3× | 11.0× | 17.8% | 67.9% | 40.3% | 30.2% | 27.7% | 0.2× | 5,944 |
| AVGO | $1.61T | 71.2× | 63.6× | 25.2× | 23.9% | 67.8% | 36.2% | 28.4% | 15.8% | 2.5× | 4,442 |
| MU | $1.04T | 122.1× | 57.5× | 27.8× | 48.9% | 39.8% | 22.8% | 15.8% | 12.9% | 0.7× | 2,894 |
| AMD | $835.4B | 193.4× | 197.6× | 24.1× | 34.3% | 49.5% | 12.5% | 6.9% | 6.5% | 0.8× | 3,059 |
| INTC | $504.6B | — | 62.9× | 9.6× | -0.5% | 34.8% | -0.5% | -0.2% | -0.2% | 5.5× | 2,495 |
| CSCO | $426.7B | 42.3× | 35.8× | 7.5× | 5.3% | 64.9% | 18.0% | 21.7% | 13.6% | 2.3× | 3,560 |
| PLTR | $416.9B | 276.7× | 288.5× | 93.2× | 56.2% | 82.4% | 36.3% | 22.0% | 22.0% | — | 2,883 |
| DELL | $367.3B | 64.9× | 34.6× | 3.2× | 18.8% | 20.0% | 5.2% | -240% | 20.4% | 2.8× | 1,564 |
| LRCX | $341.6B | 64.9× | 54.5× | 18.5× | 23.7% | 48.7% | 29.1% | 54.3% | 37.4% | 0.7× | 2,500 |
| AMAT | $329.4B | 48.0× | 37.9× | 11.6× | 4.4% | 48.7% | 24.7% | 34.3% | 25.9% | 0.8× | 2,826 |
| RPAY | $325.1B | — | — | 1051.3× | -1.2% | 75.0% | -83.0% | -53.0% | -28.2% | -1.7× | 142 |
| UMC | $283.0B | — | — | — | — | — | — | — | — | — | 302 |
| SAP | $261.9B | — | — | — | — | — | — | — | — | — | 794 |
| ARM | $259.6B | 287.0× | 223.6× | 52.8× | 22.8% | 97.5% | 18.4% | 10.9% | 10.9% | — | 730 |
| PANW | $250.9B | 234.8× | 156.8× | 27.2× | 14.9% | 73.4% | 12.3% | 14.5% | 14.5% | — | 2,374 |
| ANET | $248.2B | 71.8× | 62.7× | 27.6× | 28.6% | 64.1% | 39.0% | 28.4% | 28.4% | — | 1,930 |
| TXN | $236.9B | 47.8× | 31.2× | 13.4× | 13.0% | 57.0% | 28.3% | 30.7% | 16.5% | 1.8× | 2,345 |
| CRM | $232.8B | 32.1× | 25.2× | 5.6× | 9.6% | 77.7% | 18.0% | 12.6% | 10.1% | 1.5× | 2,547 |
| IBM | $222.5B | 21.3× | — | 3.3× | 7.6% | 58.2% | 15.7% | 32.4% | 11.3% | — | 3,351 |
| SNDK | $221.9B | — | — | 30.2× | 10.4% | 30.1% | -22.3% | -17.8% | -14.8% | -1.5× | 1,127 |
| QCOM | $198.5B | 36.9× | 14.9× | 4.5× | 13.7% | 55.4% | 12.5% | 26.1% | 15.4% | 1.1× | 2,611 |
| MRVL | $194.6B | 74.8× | 127.2× | 23.8× | 42.1% | 51.0% | 32.6% | 18.7% | 14.2% | 2.9× | 1,477 |
Peers = companies sharing LRCX's sector (Technology) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.