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What is LRCX's Acid Test Ratio?

  Lam Research Corp ( LRCX ) |
1995 - 2021 (27 years)

Acid Test Ratio is 
1.55 (1Y -20.5% )

LRCX Stock Price & Acid Test Ratio

Acid Test Ratio for LRCX competitors.
AMAT CVV VECO ASYS KLAC ACLS
Note: Stonk = Stock. Both words are used interchangeably. 🙂

Historical (All-Time) Stats for Acid Test Ratio

chevron_right 2021 1.35 +1.5x
( +3.4% / year avg)
chevron_left 1995 0.55
vertical_align_top Peak 3.17 +5.75x
vertical_align_bottom Bottom 0.47
arrow_drop_up # Up Years 14 14 of 27
years up.
arrow_drop_down # Down Years 13
Up Years = Positive (0%+) YoY change
Down Years = Zero or Negative (0% or less) YoY change

Key Points (Stonk Price Comparison)

  • LRCX's stock price has rallied +17,537% from $1.73 in 1995 , or +116x faster than it's acid test ratio over the same period.
  • If LRCX grows it's stock at the same rate as it's acid test ratio (+3.4%/year) , it's stock price will grow +139% and hit $426.68 over the next 10 years.
  • LRCX's stock price has gone up 8 of the 14 years (+57%) it's acid test ratio were also up.
5-Year Change 🚀
+192%$15.4BNet Revenue (Sales)
+178%$8.3BCost of Revenue (Sales)
+211%$7.1BGross Profit Margin
+6.42%1.85Gross Profit Margin Ratio
+72.1%$1.5BResearch and Development (R&D)
-140.8%$48.7MOther Income/Expenses, Net
+53.7%$2.3BTotal Operating Expenses
+136%$10.6BCost & Expenses
+37.3%$208.9MInterest Expense/Income, Net
+7.81%$317.8MDepreciation & Amortization (D&A)
+381%$5.1BEBITDA
+64.6%1.33EBITDA Margin
+526%$4.8BOperating Income
+107%1.21Operating Margin
-629.5%$50.8MTotal Other Income/Expenses
+620%$4.6BPretax Income (Earnings)
+146%1.21Pretax Income (Earnings) Margin
+407%$355.5MProvision For Income Taxes
+646%$4.3BNet Income (Earnings)
+154%1.11Net Profit Margin
+812%30.04Earnings Per Share (EPS)
+800%29.64Earnings Per Share (EPS) Diluted
-18.2%$570.7MShares Outstanding
-17.1%$578.4MShares Outstanding (Diluted)
+64.6%$14.7BCash and Cash Equivalents
-8.27%$8.5BShort Term Investments
+27.5%$23.2BCash And Short-Term Investments
+172%$10.2BInventory
+63.1%$45.3BTotal Current Assets
+92.7%$5.1BPP&E
+7.43%$6.0BGoodwill
-76.6%$573.1MIntangible Assets
-18.3%$6.5BGoodwill and Intangible Assets
+52.5%$61.1BTotal Assets
+104%$3.0BAccounts Payables
-15.7%$3.3BShort-term Debt
+516%$11.1BOther Current Liabilities
+54.2%$14.4BTotal Current Liabilities
+214%$20.0BLong-term Debt
-5.57%$1.5BOther Non-Current Liabilities
+216%$25.2BTotal Non-Current Liabilities
+128%$39.6BTotal Liabilities
-10.1%$572.0KCommon Stock
+197%$54.9BRetained Earnings
+13.0%-$253.2MAccumulated Other Comprehensive Income Loss
-5.57%$21.5BTotal Shareholders Equity
+52.5%$61.1BTotal Liabilities & Stockholders Equity
+126%$23.3BTotal Debt
+543%$8.6BNet Debt
-76.8%-$4.5MDeferred Income Tax
+60.6%$223.0MStock-Based Compensation (SBC)
-125.8%-$157.9MChange in Working Capital
-101.0%-$2.5MOther Non-Cash Items
+536%$4.7BNet Cash Provided by Operating Activities
+3,834%-$3.2BPurchase of Investments
+368%$4.1BSales/Maturities of Investments
-113.9%-$112.0MOther Investing Activities
-14.6%$463.7MNet Cash used for Investing Activities
+91.6%-$65.0MDebt Repayment
+3,025%$38.5MCommon Stock Issued
+5,428%-$4.4BCommon Stock Repurchased
+292%-$746.2MDividends Paid
-103.6%-$2.7MOther Financing Activities
+2,156%-$5.2BNet Cash Used Provided by Financing Activities
-313.2%-$23.0MEffect of Exchange Rate Changes on Cash
-105.0%-$52.6MNet Change in Cash
+75.9%$15.7BCash at End of Period
+100%$15.8BCash at Beginning of Period
+536%$4.7BOperating Cash Flow
+94.7%-$358.4MCapital Expenditure (capex)
+685%$4.3BFree Cash Flow
  • LRCX Historical Acid Test Ratio Table

    Year Acid Test Ratio YoY % Change Stock Price YoY % Change (Stock Price)
    4/1/2021 1.35 -36.4% 305.42 0.0%
    4/1/2020 2.12 0.7% 305.42 5.1%
    4/1/2019 2.11 45.6% 290.53 70.2%
    4/1/2018 1.45 -31.5% 170.69 -6.2%
    4/1/2017 2.11 -12.0% 181.99 63.8%
    4/1/2016 2.4 31.6% 111.09 64.2%
    4/1/2015 1.83 3.4% 67.65 -9.9%
    4/1/2014 1.77 -25.8% 75.06 60.6%
    4/1/2013 2.38 -24.8% 46.74 22.3%
    4/1/2012 3.17 28.9% 38.22 1.4%
    4/1/2011 2.46 85.9% 37.67 -24.0%
    4/1/2010 1.32 -28.9% 49.6 61.9%
    4/1/2009 1.86 26.6% 30.64 73.4%
    4/1/2008 1.47 -19.5% 17.67 -52.1%
    4/1/2007 1.83 -5.0% 36.9 -4.4%
    4/1/2006 1.92 -4.9% 38.61 40.2%
    4/1/2005 2.02 24.5% 27.53 39.3%
    4/1/2004 1.62 -24.1% 19.77 -23.9%
    4/1/2003 2.14 18.1% 25.98 133.7%
    4/1/2002 1.81 24.8% 11.11 -35.1%
    4/1/2001 1.45 40.7% 17.13 -35.2%
    4/1/2000 1.03 -16.4% 26.43 58.5%
    4/1/1999 1.23 -10.2% 16.68 283.5%
    4/1/1998 1.37 65.5% 4.35 -72.7%
    4/1/1997 0.83 76.9% 15.92 137.6%
    4/1/1996 0.47 -14.6% 6.7 -63.4%
    4/1/1995 0.55 - 18.33 -

  • About
    Industry: Semiconductor Equipment & Materials
    Sector: Technology
    Country: US
    IPO Date: 5/11/1984
    Stonk Exchange: NASDAQ
    • Lam Research Corp
    • engages in manufacturing and servicing of wafer processing semiconductor manufacturing equipment.
    • The company is headquartered in Fremont, California and currently employs 10,700 full-time employees.
    • The firm designs, manufactures, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits (ICs).
    • The company operates through manufacturing and servicing of wafer processing semiconductor manufacturing equipment segment.
    • Its products are designed to enable its customers build a range of devices that are used in a range of electronic products, including cell phones, tablets, computers, storage devices, and networking equipment.
    • Its customer base includes semiconductor memory, foundry, and integrated device manufacturers (IDMs) that make products, such as dynamic random-access memory (DRAM), negative-AND (NAND) memory and logic devices.
    • The company offers a portfolio of products that are used in several areas of the semiconductor manufacturing process flow, including thin film deposition, plasma etch and single-wafer clean.
  • Acid Test Ratio = Quick Assets ÷ Current Liabilities
    Also known as 'quick ratio', it measures the ability of a company to pay short-term obligations using the more liquid types of current assets or 'quick assets' (cash, marketable securities, and current receivables).

    For more detailed definitions, please see Investopedia.
    Year Acid Test Ratio YoY % Change Stock Price YoY % Change (Stock Price) total current liabilities quick assets math
    4/1/2021 1.35 -36.4% 305.42 0.0% 14406.77 19458.88
    4/1/2020 2.12 0.7% 305.42 5.1% 11240.47 23539.02
    4/1/2019 2.11 45.6% 290.53 70.2% 9801.80 20798.42
    4/1/2018 1.45 -31.5% 170.69 -6.2% 13835.00 20251.37
    4/1/2017 2.11 -12.0% 181.99 63.8% 11154.00 23529.21
    4/1/2016 2.40 31.6% 111.09 64.2% 9469.00 22896.85
    4/1/2015 1.83 3.4% 67.65 -9.9% 8357.00 14949.82
    4/1/2014 1.77 -25.8% 75.06 60.6% 6248.00 11039.45
    4/1/2013 2.38 -24.8% 46.74 22.3% 4433.49 9830.15
    4/1/2012 3.17 28.9% 38.22 1.4% 3527.00 10277.06
    4/1/2011 2.46 85.9% 37.67 -24.0% 2630.00 6372.28
    4/1/2010 1.32 -28.9% 49.6 61.9% 2149.00 2837.35
    4/1/2009 1.86 26.6% 30.64 73.4% 1535.00 2881.09
    4/1/2008 1.47 -19.5% 17.67 -52.1% 2506.00 3583.89
    4/1/2007 1.83 -5.0% 36.9 -4.4% 2562.00 4676.00
    4/1/2006 1.92 -4.9% 38.61 40.2% 2098.00 4020.46
    4/1/2005 2.02 24.5% 27.53 39.3% 1476.00 2986.47
    4/1/2004 1.62 -24.1% 19.77 -23.9% 1274.00 1827.95
    4/1/2003 2.14 18.1% 25.98 133.7% 888.00 1883.31
    4/1/2002 1.81 24.8% 11.11 -35.1% 1682.74 2808.66
    4/1/2001 1.45 40.7% 17.13 -35.2% 2015.20 2966.40
    4/1/2000 1.03 -16.4% 26.43 58.5% 1184.00 1220.00
    4/1/1999 1.23 -10.2% 16.68 283.5% 981.90 1200.90
    4/1/1998 1.37 65.5% 4.35 -72.7% 1124.26 1533.97
    4/1/1997 0.83 76.9% 15.92 137.6% 1143.75 959.40
    4/1/1996 0.47 -14.6% 6.7 -63.4% 1096.84 509.96
    4/1/1995 0.55 18.33 773.16 425.02