LAM RESEARCH CORPORATION vs PARKER-HANNIFIN CORPORATION, two Industrial Machinery stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Lam Research keeps 31 cents of every sales dollar as profit etching and depositing the layers inside a chip, while Parker-Hannifin, making industrial motion parts, keeps about 17, and that margin gap is the whole story of the pair. The same advantage runs up the statement: Lam earns 63% on equity and 32% on assets to Parker's 24% and 11%, real economics rather than a thinned base, since debt is modest at 0.35 times equity and current assets cover liabilities 2.5 times over. So the market pays roughly double for it, near 73 times earnings to Parker's 34. Parker is the cash-and-dividend side, a 3.1% free-cash yield to Lam's 1.2 and a higher payout. Lam is priced for the chip-equipment cycle; Parker for the slow industrial one.
Comparison updated 2026-06-15.
| Metric | LRCX | PH |
|---|---|---|
| Price | $350.21 | $960.77 |
| Market cap | $440.3B | $123.0B |
| Sector | Industrial Machinery | Industrial Machinery |
| Stage | Mature | Mature |
| P/E | 66.2 | 35.4 |
| P/B | 41.60 | 8.41 |
| P/S | 20.31 | 5.86 |
| EV/EBITDA | 58.4 | 24.3 |
| Revenue growth | +26.8% | +6.1% |
| Gross margin | 49.8% | — |
| Operating margin | 35.0% | 22.4% |
| Net margin | 30.9% | 16.6% |
| Return on equity | 63.4% | 23.8% |
| Return on assets | 32.3% | 11.3% |
| Return on invested capital | 47.1% | 23.1% |
| FCF yield | 1.4% | 3.0% |
| Dividend yield | 0.3% | 0.7% |
| Debt / equity | 0.35 | 0.14 |
| Current ratio | 2.54 | 1.13 |
| Altman Z (solvency) | 10.00 | 6.52 |
| Piotroski F (quality) | 6 / 9 | 8 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.