Lam Research vs Veeco Instruments
LRCX and VECO side by side, both in special industry machinery, except metalworking. Figures are trailing twelve months unless noted, from SEC filings and end-of-day prices.
How LRCX and VECO compare
Lam Research is the larger company, worth 126 times as much as Veeco Instruments ($299B against $2.4B).
On earnings, Lam Research is cheaper: it trades at 41.5× trailing earnings, against 108× for Veeco Instruments.
Lam Research grew revenue faster over the last twelve months (26.0% versus −2.5% for Veeco Instruments).
Lam Research keeps more of each dollar of sales as profit, with a net margin of 31.3% compared with 3.4% at Veeco Instruments.
Lam Research pays a dividend yielding 0.46%; Veeco Instruments does not pay one.
Lam Research scores higher on the StockData Score (21 against 6 for Veeco Instruments), which adds up 30 checks on valuation, growth, past performance, financial health and dividends.
Key numbers
A dot marks the better figure where higher or lower is clearly better.
| Metric | LRCX | VECO |
|---|---|---|
| Size and price | ||
| Market cap | $299B | $2.4B |
| Share price | $239.11 | $38.87 |
| Change, 1 year | 48.8% | 32.5% |
| Change, 5 years | 291% | 42.3% |
| Beta (5Y) | 1.95 | 1.41 |
| Employees | 23K | 1,265 |
| StockData Score | ||
| Total score | 21 (better) | 6 |
| Valuation score | 0 | 0 |
| Growth score | 5 (better) | 1 |
| Performance score | 6 (better) | 0 |
| Health score | 6 (better) | 5 |
| Dividend score | 4 (better) | 0 |
| Valuation | ||
| P/E | 41.5× (better) | 108× |
| P/S | 12.9× | 3.5× (better) |
| P/B | 24.0× | 2.6× (better) |
| EV/EBITDA | 34.4× (better) | 56.9× |
| P/FCF | 61.2× | 27.9× (better) |
| PEG | 2.06 | – |
| FCF yield | 1.6% | 3.6% (better) |
| Fair value | $144.76 | $13.55 |
| Margin of safety | −65.2% (better) | −187% |
| Growth | ||
| Revenue growth (TTM) | 26.0% (better) | −2.5% |
| Revenue growth, 5Y average | 9.7% (better) | 7.9% |
| Net income growth (TTM) | 35.6% (better) | −61.6% |
| EPS growth (TTM) | 38.8% (better) | −64.4% |
| EPS growth, 5Y average | 16.4% | – |
| Profitability | ||
| Gross margin | 50.5% (better) | 37.9% |
| Operating margin | 35.3% (better) | 2.7% |
| Net margin | 31.3% (better) | 3.4% |
| FCF margin | 21.1% (better) | 12.5% |
| Return on equity | 65.1% (better) | 2.6% |
| Return on invested capital | 77.7% (better) | 2.6% |
| Financial health | ||
| Debt / equity | 0.30 | 0.25 (better) |
| Net debt / EBITDA | −0.21 | −5.31 |
| Interest coverage | 52.3× (better) | 2.1× |
| Current ratio | 2.63 | 3.93 (better) |
| Altman Z-score | 20.94 (better) | 3.49 |
| Piotroski F-score | 8 (better) | 6 |
| Dividends and buybacks | ||
| Dividend yield | 0.46% | – |
| Payout ratio | 17.5% | – |
| Years of dividend growth | 12 | – |
| Dividend growth, 5Y average | 14.9% | – |
| Buyback yield | 1.3% | – |
| Shareholder yield | 1.7% (better) | 0.00% |
| Ownership | ||
| Held by institutions | 85.8% | 113% |
| Held by insiders | 0.30% | 1.6% |
| Insider net buying, 12 months | −$169M | −$37.6M (better) |
| Superinvestors holding | 7 | – |
| Short interest, % of float | 2.1% | 10.1% |
Go deeper
- LRCX stock overview
- LRCX income statement
- LRCX valuation and score
- VECO stock overview
- VECO income statement
- VECO valuation and score
For information only, not investment advice. Check the source filings before relying on any figure.